Did Something Blow Up in Junk?

There isn’t much as far as confirmation, but it increasingly appears as if “something” just hit the triple hooks (CCC) in the junk bond bubble. At least as far as one view of it, Bank of America ML’s CCC implied yield, there was a huge selloff that brought the yield to a new cycle high (low in price) above even the 2011 crisis peak.

WTF Stock Chart Du Jour

Submitted by Tyler Durden on 12/02/2015 - 14:23 In a world of get-rich-quick, fear-of-missing-out "investing," today's epic pump-and-dump is on an old favorite of the manipulators - Avon Products...


The Mentally Defective did this... and I'm NOT talking about the patients...I'm talking about the politicians... finestine...boxer...pelosi...brown... absolute IDIOTS...way too many to list...

Two Suspects Down, One At Large After Mass Shooting Leaves 14 Dead, 17 Wounded In San Bernardino

San Bernardino officials are reporting at least 14 dead and 14 more wounded following a mass shooting in the 1300 block of South Waterman the Inland Regional Center - a center serving people with developmental disabilities.. Authorities are advising all motorists to stay away from the area around. The gunmen, who were heavily armed (with long guns and body armor) escaped the scene of the crime and police are now searching for 3 males dressed in military gear.

This Is What Happened The Last Time The Fed Hiked While The U.S. Was In Recession

Submitted by Tyler Durden on 12/02/2015 - 13:37 We are talking of course, about the infamous RRR-hike of 1936-1937, which took place smack in the middle of the Great Recession.

Turkey's Geopolitical Value

Turkey is the next key region in this conflict, since the only alternative gas pipeline that supplies Russia, and comes from Asia (Nabucco), passes through Turkey. Future conflicts between Turkey and Russia will be part of the Russian strategy within the region.

"Equities Peak 12-18 Months After A Peak In Margins; We Are Now 15 Months After The Peak In Margins"

Submitted by Tyler Durden on 12/02/2015 - 19:30 "Normally, equities peak 12-18 months after a peak in margins and we are now c.15 months after the peak in margins."

The One Record That Was Broken On Black Friday That Mainstream Media Will Not Be Excited About

Submitted by Tyler Durden on 12/02/2015 - 18:30 While overall retail sales disappointed following President Obama's impassioned plea to Americans that the world is in grave danger from terrorists but they should go about their usual business of spend-spend-spend-ing on Black Friday, it appears they did buy one thing. As USA Today reports, more Americans had their backgrounds checked purchasing guns on Black Friday than any day on record, according to data released by the FBI this week.

The Deep State & The War On Cash

If we are forced to keep our money in the bank... and cash is outlawed... the Deep State will have total economic control over us all.

UK Passes Vote To Begin Syria Airstrikes

Submitted by Tyler Durden on 12/02/2015 - 17:42 And just like that another country has decided it would send its fighter planes in the already congested skies above Syria, when moments ago the UK parliament decided, in a 397 to 223 vote, to begin airstrikes on Syria.

Syria Decoded: Explaining The Conflict In One Infographic

Submitted by Tyler Durden on 12/02/2015 - 17:30 Decoding the war in Syria is not for the faint of heart. For those looking to make sense of it all, we present the following infographic which should go some ways towards untangling what has become one of the most complex, convoluted wars in recent memory.

Stocks Plunge Back To Bonds' Reality Amid Crude Carnage

Submitted by Tyler Durden on 12/02/2015 - 17:06

The End Of Keynesian Orthodoxy

Submitted by Tyler Durden on 12/02/2015 - 17:00 The resistance to such an awakening is understandable if still lamentable. If recession is truly the looming assurance, as it increasingly appears, that would mean not just the end of the recovery but the end of “accommodation” as a given force. In other words, Janet Yellen and the OECD start backwards from their endpoint because of their unshakable faith in monetarism, a faith that actually defines how they think an economy does work (and how they produce the core assumptions in their models); should that path from here to there completely unravel, so, too, does their assumed power and philosophy.

An Angry Iraq Demands Security Council Investigation Into "Criminals" Smuggling ISIS Crude

Submitted by Tyler Durden on 12/02/2015 - 16:30 "The US Security Council is requested to form committees to put in effect the previously adopted resolutions on smuggling. According to said resolutions, all involved in these activities, be they individuals, companies or states, will be branded as criminals."

Brazil Devolves Into Full-Blown Political Crisis With Launch Of Impeachment Proceedings Against President Rouseff

Submitted by Tyler Durden on 12/02/2015 - 16:01 Moments ago Brazil lower house chief Eduardo Cunha announced that he has accepted an impeachment request filed by Helio Bicudo. Cunha told reporters in Brasilia that the decision is not political, and while one can debate that, the implications will have a tremendous impact on both Brazil's political situation not to mention its already imploding economy. Cunha told reporters in Brasilia on Wednesday he "profoundly regrets" what’s happening. "May our country overcome this process." The impeachment process could take months, involving several votes in Congress that ultimately may result in the president’s ouster.

Russia Presents Detailed Evidence Of ISIS-Turkey Oil Trade

Submitted by Tyler Durden on 12/02/2015 - 15:45

Don't Show The "Data-Dependent" Fed This Chart... Ever

Submitted by Tyler Durden on 12/02/2015 - 15:45 Spot the year that the "data-dependent" Fed will raise interest rates...

Credit Card Data Reveals First Holiday Spending Decline Since The Recession

Submitted by Tyler Durden on 12/02/2015 - 15:29 It's official: the start to the holiday shopping has been a disaster, and it's not simply due to a shift to online spending.

What If?

Submitted by Tyler Durden on 12/02/2015 - 15:15 Presented with no comment...

Stocks Are Plunging

Submitted by Tyler Durden on 12/02/2015 - 15:05 Between collapsing crude, crashing economic data, a hawkish Yellen, and now another domestic mass shooting, US equities are plunging...

Presenting The 2015/2016 Geopolitical Heat Map

Submitted by Tyler Durden on 12/02/2015 - 15:00 If you follow geopolitics, you might have noticed that many of the world’s emerging markets are beset with fractious political dynamics, violence, protests, and any number of other tail risks that could at any time mushroom into black swan events with ramifications for the developed world. As we head into 2016, it’s worth taking stock of the geopolitical events that have shaped EM in 2015 and it's also worth cataloging what we know about the landscape for the coming year.

The Rise Of The Right: French Nationalists Hunt, Beat Muslims

Submitted by Tyler Durden on 12/02/2015 - 15:00 The day after the disaster in Paris, Marine Le Pen - leader of France's right-wing 'Front Nationale' party - called for the nation to "re-arm itself" and "eradicate" radical Islam, warning the French people that they are "no longer safe." So, it is hardly surprising that the inevitable fall-out from this ultra-nationalist commentary has resulted in Frenc citizens taking their own protection into their own hands...

RANsquawk Preview: ECB Rate Decision 3rd December 2015

Submitted by RANSquawk Video on 12/02/2015 - 14:04
In arguably the most important ECB meeting since the introduction of QE, Draghi and Co. are expected by the majority of analysts to act further, with the most likely actions including a cut to the deposit rate and an increase in the Quantitative Easing program. Signalling from the central bank, and particularly Draghi himself over the past month has heavily indicated further stimulus, with Draghi notably saying that `the ECB will do what it needs to in order to raise inflation, as quickly as possible`.

Russia Threatens "Retaliatory Action" After NATO Expands Alliance For First Time In Six Years

Submitted by Tyler Durden on 12/02/2015 - 14:00 "On all levels, Moscow has always noted that the continuing expansion of NATO, of the military infrastructure of NATO to the east, can only lead to retaliatory measure from the east, from the Russian side, in terms of guaranteeing the security and maintaining a parity of interests."

Charting The Fed's "Devotion To The American People"

The question is - which American people...


Election year Bullshit...

WTI Crude Crashes Below $40 On OPEC Delegate "No Cut" Comments

Submitted by Tyler Durden on 12/02/2015 - 13:29 Amid the biggest single-day drop in two months, WTI Crude has been hammred back below once again as a cooling realization washes across the energy complex that Saudi Arabia will make no changes at this week's OPEC meeting (delegate quoted as saying "OPEC unlikley to cut if non-OPEC is not cutting,") leaving a grossly over-supplied (and over-leveraged Shale drillers) world to flounder...

The Emerging Market Growth Model Is "Broken"; RIP EM

Submitted by Tyler Durden on 12/02/2015 - 13:11 "Emerging economies’ growth prospects look damaged in several respects. The central fact facing EM is the negative external shock that results from weak global trade growth and the collapse of Chinese import growth. This brings to an irreversible end the period of rapid, investment-led Chinese growth and strong global trade growth which had supplied EM with a once-in-a-generation positive external shock during the years between 2002 and 2013."

It Will Take Trillions Of Euros To Save The European Union

Submitted by Tyler Durden on 12/02/2015 - 12:53 The EU’s political leaders and other elites are committed to holding the European Union together. To them, united Europe is an article of faith. They hold the idea with as much ferocity and fervor as any religious belief. But while the European Union is a wonderful political idea, it’s economically terrible. And the EU nations will have to face up to bearing enormous costs to save the Europe we wished for.



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Trump Solidifies Lead In Latest Poll As Hillary Finds She Has A "Likability Problem"

Submitted by Tyler Durden on 12/02/2015 - 12:53 Good news for Trump who is once again pulling away from the pack; not so good news for Hillary whose "likability problem" is starting to haunt her.

"Hawkish" Yellen Sends US Dollar Surging Above 100 To 12-Year Highs

Submitted by Tyler Durden on 12/02/2015 - 12:37 Great news right? Or is the entire rest of the world exporting deflation to America... and The Fed waving it in?

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