Citi Turns Bearish On Stocks On "Richer And Richer" Markets, Sees 65% Recession Probability; Janet Yellen Disagrees

Submitted by Tyler Durden on 12/03/2015 - 14:19
"Given the surge back towards the all-time highs in the S&P 500, we think that the best might be over for US equities and that indices might range trade more in 2016. We have downgraded US equities to neutral. This takes our overall equity weighting down to neutral, in many respects an extension of what we’ve been doing for most of this year as richer and richer asset markets, against a global background of economic risks, have made us more cautious."

US Aircraft Carrier Harry Truman Is Now In The Mediterranean, Approaching Syria Coast - Full US Naval Map

Submitted by Tyler Durden on 12/03/2015 - 14:40 According to the latest US naval map update from Startfor, the Truman is now off the Libyan coast, rapidly approaching Italy, and we expect is ahead of scheduled year-end ETA to its final destination, a few miles off the Syrian coast.

Well, What a Lucky Coincidence: There Was A Casualty Triage EXERCISE Near Scene of San Bernardino Mass Shooting

Fake triage and CIA mind control lab in place DURING the San Bernardino shooting
from Dave Acton Checking In:

Weapons Trove Found In House Of "Apparently Radicalized" Mass Shooters, FBI "Treating As Terrorism"

Submitted by Tyler Durden on 12/03/2015 - 12:44 In a press briefing on Thursday, San Bernardino officials catalogued the weapons and ammo discovered in the vehicle and home of Syed Rizwan Farook and his wife Tashfeen Malik who killed 21 and wounded 14 on Wednesday. Additionally, CNN (citing "sources") says Farook was likely "radicalized." The pair were "well equipped" and could have staged another attack, police say.

As The Credit Cycle 'Turns', Global Defaults Surge To 6-Year Highs

Submitted by Tyler Durden on 12/03/2015 - 14:01 After asking rhetorically "if something just blew up in junk," as CCC-yields explode to crisis-peak levels - suggesting something "spectaculor" is occurring as one trader noted, The FT reports that, according to Standard & Poor’s, companies have defaulted on $78bn worth of debt so far this year with 2015 set to finish with the highest number of worldwide defaults since 2009.

US Lawmaker Sees "Ample Evidence Of Turkey's Complicity In ISIS's Murderous Rampage"

Submitted by Tyler Durden on 12/03/2015 - 13:40 "When Russia courageously stepped into the breach we should have been applauding its willingness to confront ISIS. Instead, we continue to denigrate Russians as if they were still the Soviet Union and Putin, not Islamic terrorists, our most vicious enemy."

Academic Study Shows Fed Engaged In Systematic Leaks To Insiders

Submitted by Tyler Durden on 12/03/2015 - 13:16 Researchers at Duke University and the University of California at Berkeley point to quantitative evidence that The Fed consistently leaks non-public information about its meetings, driving an investment pattern that has led to market gains.

WTI Crude Surges On OPEC Hope, Dollar Drop

Submitted by Tyler Durden on 12/03/2015 - 12:55 As the USDollar plunges under the weight of short-squeezed EUR FX traders, so commodities are making gains. With OPEC right around the corner, WTI continues to bethe highest beta and has soared back to yesterday's highs on no news whatsoever (apart from comments from OPEC that they will only cut if non-OPEC cuts).

There Go The Truckers: Unprecedented 59% Plunge In November Heavy Truck Orders

Submitted by Tyler Durden on 12/03/2015 - 12:32 The rout beneath the relative calm of the market surface continues today as another sector has gotten crushed today in reaction to the domestic and global collapse in trade, the spreading domestic manufacturing recession and the bursting of the commodity bubble: truckers, and especially the heaviest, Class 8 trucks, those with a gross weight over 33K pounds, those which make up the backbone of U.S. trade infrastructure and logistics.

S&P 500 Tumbles Into Red For 2015, Breaks Key Technical Support

Submitted by Tyler Durden on 12/03/2015 - 12:30 The S&P 500 (cash) index just broke back below the crucial 200-day moving-average (at 2,064) for the first time since the Paris terror attack rally began. This has dragged the index back to unchanged year-to-date with only Nasdaq holding gains in 2015.

'Insolvent' US Government Spends $375k To Study Senior-Citizen Dating Habits

Submitted by Tyler Durden on 12/03/2015 - 12:10 It was just a few weeks ago that the International Monetary Fund predicted that Saudi Arabia would likely be bankrupt within the next five years. Saudi Arabia’s financial position is deteriorating rapidly, and the government is burning through cash like a coked-up rock star.  The Saudis followed this up with plans now to build the world’s tallest skyscraper, which would stand a full kilometer in height. Seriously, what are these people thinking? What kind of idiot goes out of his way to blow through cash when he’s rapidly going broke? Why, the United States of America of course.

DAX Crashes Most Since Black Monday - Erases Paris Attack Gains

Submitted by Tyler Durden on 12/03/2015 - 12:00 Having ramped its way up to the cliff's edge of China devaluation and Black Monday's free-fall, Germany's DAX has come unbuttoned rapidly with a 480-plus point droip today. Down over 5.5% in the last 3 days, crushed back under 11,000 today with a 3.75% crash - the most since August 24th - all thanks to Draghi over-selling his "whatever-it-takes"-ness... after the Paris Terror attacks.

"Allah Took Turkey's Sanity" Putin Says, As Davutoglu Blasts "Lying Soviet Propaganda"

Submitted by Tyler Durden on 12/03/2015 - 11:35

Bloodbath In Bonds - Yields Jump Most In 7 Months

Submitted by Tyler Durden on 12/03/2015 - 11:21 The entire Treasury curve is getting battered with 30Y +13bps, back above 3.00%. The belly is the most dramatic with 7Y yields up over 11bps - the biggest single-day surge in 7 months. 5Y yields are up over 9bps pushing back to the "wall" of resistance...

Housing Bubble 2.0 Exposed (In 1 Simple Chart)

Submitted by Tyler Durden on 12/03/2015 - 11:02 The gap between real house prices and real earnings is even wider than it was in Housing Bubble 1. History (and common sense) suggest that housing prices will once again fall sharply until the black line of house prices is well below the red line of real earnings. To expect anything different is unrealistic and highly dangerous to one's financial well-being.

100% INFLATION AND PRICE CONTROL RESULTS: Venezuela Economic Crisis May Lead to Party Change

from CCTV America:

Venezuelans head to the polls this Sunday for parliamentary elections and it’s expected to be one of the closest votes in the country’s history.The country’s dealing with several serious economic challenges. Inflation is near 100 percent, although official figures have not been published for nearly a year. The country is rich in oil, but the sharp fall in commodity prices has left Venezuela without much needed revenue.And there are shortages of important goods. Lines of people trying to buy basics such as toilet paper and food are commonplace throughout the country.

HOUSE DEMOCRAT: OBAMA’S FOREIGN POLICY COULD LEAD TO NUCLEAR WAR

by Joshua Krause, The Daily Sheeple:

Recently the Obama administration approved the deployment of more special operators to the Middle East, ostensibly to engage ISIS targets in Iraq and Syria. This “specialized expeditionary targeting force” will help Iraqi and Kurdish forces in the region, and will eventually “conduct raids, free hostages, gather intelligence, and capture ISIL leaders” according to Defense Secretary Ashton Carter, who spoke to the House Armed Services Committee on Tuesday.
Carter cited the recent special forces raid that rescued several ISIS prisoners as the perfect example for why we need a small standing force in the region that can strike anywhere, and anytime. Of course, our military has probably been fighting ISIS in Iraq and Syria for a long time. Not to defeat them though. They just want to contain ISIS while these radicals fight Assad, but that’s a story for another day.

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State Terrorism Franco American Style; Professor Michel Chossudovsky On ISIS And The Paris And Bamako, Mali Terrorist Events

from The News Doctors:
TND Editor’s Note:  I recall listening to the live broadcast of the very first episode of Guns & Butter early last decade.  At the time, only a small number of radio journalists dared to address the complex, controversial subjects Bonnie Faulkner fearlessly examined.  Now, Guns & Butter is ported to SoundCloud and the show has an outstanding website and blog.  The show has had a following of tens of thousands of people, largely the product of direct broadcast on KPFA.  Guns & Butter deserves a following into the millions.  Help make that happen.  Spread the word about the show.  TND will continue to play our small part with our periodic “Podcast Spotlight” features. — Eric Dubin, Managing Editor, The News Doctors
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Gun Confiscation – Last Refuge Of The Tyrant

from The Sleuth Journal:
Few polarizing subjects are more hotly debated than gun control. Usually lost in the fray of emotional diatribes to ban guns, are the historic empirical foundations of our forefathers who fought a revolution to escape from imperial tyranny. The true reality in today’s AmeriKa is that individual liberty is the most despised activity that any citizen can exert in their lives. Both the popular state worship culture and the authoritarian hoodlums that run the government are so fearful of armed independent citizens, that they are eager to burn the Bill of Rights. Face it, the government is committed to force you to be a ward of the state and will kill you if you resist.
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Secret Archive: Jack the Ripper Was a Freemason Committing Ritualistic Murders

from Vigilant Citizen:

The release of secret archive reveals that the British elite was overwhelmingly Masonic and that Jack the Ripper was protected by the Masonic police force.
Ancestry recently made public a secret archive containing the names of over two million British Freemasons from 1733 to 1923. The list “reveals the extent of Masonic influence in the upper reaches of society at the height of Britain’s imperial grandeur”. It also includes the name of who is thought to be Jack the Ripper.
According to new records, Jack the Ripper was an obscure singer whose identity was shielded by fellow Masons. His murders were intricately planned Masonic rituals.
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