According to Bank of America last week, during which the S&P 500 was essentially flat, BofAML clients were net sellers of $1.3bn of US stocks, following two weeks of net buying. Net sales were led by institutional clients, who have sold US stocks for the last five consecutive weeks.
S&P 500 Opens In The Red For 2015 As Energy Crash Continues
Submitted by Tyler Durden on 12/08/2015 - 09:33 The last week has seen Small Caps first drop into negative territory for the year (joining Dow Transports). Yesterday The Dow joined the un-party. And today, following growth concerns from China trade data, The S&P 500 has tumbled to open in the red for the year...from X22Report Spotlight:
Bilal Erdogan Denies Allegations He Is Funding ISIS: Here's The Problem
"ISIS is an enemy of my country. ISIS is a disgrace. It puts my religion in a bad light. They don't represent Islam and I do not consider them to be Muslims.”
Chain Store Sales Collapse Following Already Disappointing Black Friday
Just as we warned, based on credit card data, this holiday spending period is a disaster. Following disappointing sales over the Black Friday to Cyber Monday weekend, there has been absolutely no follow-through momentum as is usually seen. Chain Store same-store-sales crashed 6.3% week-over-week...
6 Of 8 Trump Supporters Stand Behind Muslim Travel Ban; Muslims Furious
"We're gonna have to figure it out, we can't live like this. It's going to get worse and worse, we're going to have more World Trade Centers. It's going to get worse and worse, folks. We can be politically correct and we can be stupid but it's going to be worse and worse." Donald Trump said even as an AP summary of Muslim reactions to Trump can be summarized as follows: "He's trying to alienate not only the Muslim population of the United States but all the Muslims around the world."
Crude Crashes To $36 Handle - Down 15% Since OPEC
How many times were we told that an OPEC decision was "priced in" - well it wasn't. WTI is now down 15% from pre-OPEC and has crashed through the $37 level for the first time since Feb 2009... time to catch a falling knife (again), or fold on all those 'recovery' bets?
from ENE News:
Mitsuhei Murata, former Japanese Ambassador to Switzerland, Nov 1, 2015 (emphasis added):
The lack of the sense of crisis over Fukushima is in stark contrast to the gravity of the crisis.Fukushima is now undeniably a global security issue. The unstoppable contamination of the Pacific Ocean and the atmosphere with ionizing radiation from the destroyed Fukushima nuclear reactors is seriously menacing the West Coast of the United States. Japan should make utmost efforts to cope with the Fukushima crisis by retreating from the Tokyo Olympic Games that disseminate the false impression that Fukushima is under control.
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Mitsuhei Murata, former Japanese Ambassador to Switzerland, Nov 1, 2015 (emphasis added):The lack of the sense of crisis over Fukushima is in stark contrast to the gravity of the crisis.Fukushima is now undeniably a global security issue. The unstoppable contamination of the Pacific Ocean and the atmosphere with ionizing radiation from the destroyed Fukushima nuclear reactors is seriously menacing the West Coast of the United States. Japan should make utmost efforts to cope with the Fukushima crisis by retreating from the Tokyo Olympic Games that disseminate the false impression that Fukushima is under control.
Read More
World's Fifth Largest Miner Announces Massive Layoffs, Suspends Dividend, Sells 60% Of Portfolio
If you're in the commodities business, this is “not the time for courage” (to borrow a classic Gartman-ism). In the latest example of just how bad things have gotten, Anglo American - the world’s fifth largest miner - just kitchen sink-ed it, announcing a sweeping restructuring, a massive round of layoffs, and a dividend cut. The company will reduce its assets by some 60% while headcount will be cut by a whopping 85,000 or, nearly two thirds.
George Orwell, Edward Bernays & Perpetual War
George Orwell explained the cynical mechanism of Perpetual War in "1984" as a means to control the masses through terror and scarcity. Western Civilization has been embroiled in various continuous wars since Hitler invaded Poland. The Western public has passively abided Perpetual War, not because of scarcity, but because of consumer abundance, which was developed by virtually anonymous men like Edward Bernays in the 1920s. This is how men in the shadows transformed the American citizen into the American consumer, thus turning the public into a docile, unwitting accomplice in the mayhem which envelops the globe which so enriches those on high.
by Michael Snyder, The Economic Collapse Blog:
On Monday, the price of U.S. oil dropped below 38 dollars a barrel for the first time in six years. The last time the price of oil was this low, the global financial system was melting down and the U.S. economy was experiencing the worst recession that it had seen since the Great Depression of the 1930s. As I write this article, the price of U.S. oil is sitting at $37.65. For months, I have been warning that the crash in the price of oil would be extremely deflationary and would have severe consequences for the global economy. Nations such as Japan, Canada, Brazil and Russia have already plunged into recession, and more than half of all major global stock market indexes are down at least 10 percent year to date. The first major global financial crisis since 2009 has begun, and things are only going to get worse as we head into 2016.
Read More…
On Monday, the price of U.S. oil dropped below 38 dollars a barrel for the first time in six years. The last time the price of oil was this low, the global financial system was melting down and the U.S. economy was experiencing the worst recession that it had seen since the Great Depression of the 1930s. As I write this article, the price of U.S. oil is sitting at $37.65. For months, I have been warning that the crash in the price of oil would be extremely deflationary and would have severe consequences for the global economy. Nations such as Japan, Canada, Brazil and Russia have already plunged into recession, and more than half of all major global stock market indexes are down at least 10 percent year to date. The first major global financial crisis since 2009 has begun, and things are only going to get worse as we head into 2016.
Read More…
from The Hill:
The Senate on Thursday passed legislation repealing the core pillars of ObamaCare, taking a major step toward sending such a bill to the president’s desk for the first time.
Republicans hailed it as a political messaging victory and a fulfillment of their promise from the 2014 midterm election to force President Obama to veto the landmark healthcare reform law named after him.
The measure passed 52-47 after the Senate voted to significantly strengthen the bill originally passed by the House and brought straight to the floor by Majority Leader Mitch McConnell (R-Ky.).
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The Senate on Thursday passed legislation repealing the core pillars of ObamaCare, taking a major step toward sending such a bill to the president’s desk for the first time.
Republicans hailed it as a political messaging victory and a fulfillment of their promise from the 2014 midterm election to force President Obama to veto the landmark healthcare reform law named after him.
The measure passed 52-47 after the Senate voted to significantly strengthen the bill originally passed by the House and brought straight to the floor by Majority Leader Mitch McConnell (R-Ky.).
Read More
from Spiro:
Experts fear that “ISIS” will be able to exploit a failure of EU governments to share information on possible terrorists. Already, British police forces have been conducting exercises on how to deal with various types of terrorist attack. But the EU report claims that government should ‘consider publicly addressing the possibility of terrorist attack using chemical, biological, radiological or even nuclear materials‘.
Experts fear that “ISIS” will be able to exploit a failure of EU governments to share information on possible terrorists. Already, British police forces have been conducting exercises on how to deal with various types of terrorist attack. But the EU report claims that government should ‘consider publicly addressing the possibility of terrorist attack using chemical, biological, radiological or even nuclear materials‘.
from Wolf Street:
The New York Times ran an article on Sunday talking about how the Chinese invasion of U.S. real estate is only expanding. They aren’t just buying condos in Manhattan or McMansions in Silicon Valley – they’re buying properties in new developments in places like Plano, TX, just north of Dallas.
In the market for homes over $1 million, the Chinese make up one out of every 14 buyers – which is huge. In the top tier markets in San Francisco, Orange County or Manhattan, they can be 50% or more!
In the past year they paid $831,800 on average for an American home for a total of $28.6 billion. That’s more than double their level just two years prior!
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The New York Times ran an article on Sunday talking about how the Chinese invasion of U.S. real estate is only expanding. They aren’t just buying condos in Manhattan or McMansions in Silicon Valley – they’re buying properties in new developments in places like Plano, TX, just north of Dallas.
In the market for homes over $1 million, the Chinese make up one out of every 14 buyers – which is huge. In the top tier markets in San Francisco, Orange County or Manhattan, they can be 50% or more!
In the past year they paid $831,800 on average for an American home for a total of $28.6 billion. That’s more than double their level just two years prior!
Read More
by Steve Guest, Daily Caller:
President Barack Obama spent nearly 20 percent of his Oval Office
address on terrorism to urge Americans not to be racist, about twice as
long as he took to describe the threat of ISIS.
In the third Oval Office address of his presidency Sunday, Obama spoke for 1,910 words. He spent 372 words telling Americans not to discriminate against Muslims, compared to 160 words directly referencing the threat of ISIS.
Obama used an additional 131 words, roughly 7 percent of the speech, to talk about the need for stricter gun laws.
Read More
President Barack Obama spent nearly 20 percent of his Oval Office
address on terrorism to urge Americans not to be racist, about twice as
long as he took to describe the threat of ISIS.In the third Oval Office address of his presidency Sunday, Obama spoke for 1,910 words. He spent 372 words telling Americans not to discriminate against Muslims, compared to 160 words directly referencing the threat of ISIS.
Obama used an additional 131 words, roughly 7 percent of the speech, to talk about the need for stricter gun laws.
Read More
by J. D. Heyes, Natural News:
It’s an occurrence that demonstrates the sad state of affairs regarding
race relations in a “diverse” country where the election of the first
president with African-American heritage was supposed to signal the end
of such shenanigans, but which instead has only served to further
inflame them.
As reported by NJ.com, a black alumna of Kean University, located in Union, New Jersey, who graduated there just recently has been picked up by police and charged with making a series of false tweets that were threatening to blacks on campus a few weeks ago, according to acting Union County Prosecutor Grace H. Park.
The suspect, Kayla-Simone McKelvey, 24, also of Union, who graduated in may, was charged via summons with third-degree creating a false public alarm, the local news web site reported.
Read More
It’s an occurrence that demonstrates the sad state of affairs regarding
race relations in a “diverse” country where the election of the first
president with African-American heritage was supposed to signal the end
of such shenanigans, but which instead has only served to further
inflame them.As reported by NJ.com, a black alumna of Kean University, located in Union, New Jersey, who graduated there just recently has been picked up by police and charged with making a series of false tweets that were threatening to blacks on campus a few weeks ago, according to acting Union County Prosecutor Grace H. Park.
The suspect, Kayla-Simone McKelvey, 24, also of Union, who graduated in may, was charged via summons with third-degree creating a false public alarm, the local news web site reported.
Read More
from RonPaulLibertyReport:
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