"Prosper is the market leader in peer-to-peer lending-a popular alternative to traditional loans and investing options. Prosper allows people to invest in each other in a way that is financially and socially rewarding. We cut out the middleman to connect people who need money with those who have money to invest...so everyone prospers!"
Morgan Stanley's Holiday Present To 1,200 Of Its Best-Paid Employees: Pink Slips
Submitted by Tyler Durden on 12/08/2015 - 12:15 While it will hardly come as a surprise to its employees (who were warned a week ago that 25% of all fixed income workers would lose their jobs in the immediate future) most had hoped that the bailed out bank would at least have the ethics to wait with the layoffs until after the new year, now just three weeks away. It did not.Here Are HSBC's Top Risks For 2016
Trannies Turmoil Amid Crude Chaos As Credit Crashes To 6 Year Lows
Canada Just Warned That Negative Interest Rates Are Coming
Moments ago, the Bank of Canada's chief finally said what we had been patiently waiting for over the past several months: admission that Europe's experiment with negative rates is about to cross the Atlantic.
Why The Plunge In Manufacturing ISM Matters
We want to take a minute to explain why the collapse in US ISM Manufacturing is important, because as with any negative economic news released, it has been roundly dismissed by the optimistic Wall Street group."It Finally Happened": Millennials Surpass Boomers As Largest Share Of US Voters
The Largest US Pipeline Operator Is Plunging After It Just Cut Its Dividend By 74%
Submitted by Tyler Durden on 12/08/2015 - 16:58 Everything is not awesome. We have three small words for all those MLP-holders: "Paid to wait."
What The Charts Say: "Things Are Far From Well"
Submitted by Tyler Durden on 12/08/2015 - 16:50 One can choose to ignore all these charts. However, many of them suggest eery similarity to 2007/2008 in structure. And if this structure plays out the so called "Santa" rally may not be all that it's cracked up to be. The cumulative message of all these charts: Things are far from well.
Crude Pops As API Reports Surprise Inventory Draw After 10 Weeks Of Builds
Submitted by Tyler Durden on 12/08/2015 - 16:38 After 10 weeks of inventory builds, API reports a 1.9mm barrel draw (hugely missing DOE expectations of a 1.3mm build). The initial reaction was a knee-jerk higher by 25c, but we note that Cushing saw a 614k barrel build (5th week in a row) and is perhaps the more crucial storage level to montori. As one trader noted, "OPEC wants to produce as much as they want," and as global land (and sea) storage fills, so "$35 is clearly a level of interest."
Malaysia Is Hunting For Mystery Owner Who Abandoned Three Boeing 747 On Its Airport
Submitted by Tyler Durden on 12/08/2015 - 16:27 One year ago, someone quietly parked their three Boeing 747-200F (which as shown on the image below have no identifiable insignia) at the Kuala Lumpur International Airport in Malaysia and since then has decided - for reasons unknown - to forget all about them.
Oil Producer's Currencies Are Collapsing As Brent Breaks Below $40
Submitted by Tyler Durden on 12/08/2015 - 15:35 With the oil price collapse accelerating (Brent just dropped below $40 for the first time since Feb 2009), the currencies of major oil-exporting nations - such as the Canadian dollar and Norwegian crown - are plunging...
In "Extraordinary" Turn, Brazil's VP Pens Angry Letter To Rousseff: "I Should Have Vented This Long Ago"
Submitted by Tyler Durden on 12/08/2015 - 15:15 “I’ve always known about your and your people’s complete lack of trust in me and the PMDB. A lack of trust that is incompatible with what we’ve done to maintain personal and partisan support for your government.”
GOP Panic? Republican 'Operatives' Unleash "Anti-Trump" Super-PAC
Submitted by Tyler Durden on 12/08/2015 - 14:55 It appears Donald Trump's latest outburst has pushed the GOP to hit the panic button (just as we warned was probable). Just four months after Republican National Committee (RNC) Chairman Reince Priebus said that Donald Trump is offering his party’s voters a breath of fresh air, WSJ reports that Republican 'operative' Liz Mair is launching "Trump Card LLC" - a SuperPAC aimed at torpedo-ing The Donald's campaign.
"We're At War, Get It Through Your Head", Trump Doubles Down During Combative Follow Up Interviews
Submitted by Tyler Durden on 12/08/2015 - 14:22 12 hours after his dramatic campaign statement to shut out Muslims arrivals into the US, Donald Trump doubled down and in a series of interviews early on Tuesday, he repeatedly told anchors such as CNN's Chris Cuomo that "we're at war - get it through your head" in his latest heated exchange, during which he reminded America how quickly people have forgotten "World Trade Center #1 and World Trade Center #2."
When Not Even "Terrorism" Can Boost The Price Of Oil...
Submitted by Tyler Durden on 12/08/2015 - 14:19 There was a time, not so long ago, when "terrorism" was great news for the oil complex (and thus energy stocks). Since The Fed enabled the unleashing of expensive American shale oil, that appears not to be the case anymore... (until the radical ideologs start attacking Oklahoma and Texas?)
Your Brain Is Killing Your Returns
Submitted by Tyler Durden on 12/08/2015 - 14:10 In the end, we are just human. Despite the best of our intentions, it is nearly impossible for an individual to be devoid of the emotional biases that inevitably lead to poor investment decision making over time. This is why all great investors have strict investment disciplines that they follow to reduce the impact of human emotions. Take a step back from the media and Wall Street commentary for a moment and make an honest assessment of the financial markets today. Does the current extension of the financial markets appear to be rational? Are individuals current assessing the "possibilities" or the "probabilities" in the markets?
These Are The Biggest Hedge Fund Casualties From The ECB's "Shocking" Disappointment
Submitted by Tyler Durden on 12/08/2015 - 12:58 Man Group, which runs $76.8 billion in assets, said on its website that its $4.4 billion AHL Diversified fund lost 5.1% on Thursday. Among other funds to have been running bets, to a greater or lesser extent, against the euro were Brevan Howard Asset Management, which oversees about $25 billion in assets; Tudor Investment Corp.; Moore Capital Management; and Caxton Associates, said investors. "Pretty much everyone was short the euro. The view was very clear for everyone."
The Fallacy that Weakening Your Currency Generates Prosperity
Submitted by Tyler Durden on 12/08/2015 - 12:40 Of the many economic policies that are accepted as true yet are absolute nonsense, perhaps none is more achingly nonsensical than the notion that weakening a nation's currency will magically make that nation prosperous. No empire has ever prospered by weakening its currency. Reducing the purchasing power of one's money is the road to ruin, not prosperity.
Chipotle Tumbles: Will Demand Customers Pay More For Food That Won't Make Them Sick
Submitted by Tyler Durden on 12/08/2015 - 12:14 From Ecoli to Norovirus and from average-joes to college athletes, the success of CMG has become its down fall as something ugly is growing in the healthy fast food restaurant. The latest headline is a little intriguing, as amid all the carnage, Chitptle says it will have to raise prices... as new supplier standards will hurt margins, and require "significant cost" adjustment, according to CFO Jack Hartung. We will see if poeple wil pay more not to get siuck and lose 15lbs (or prefer to pay less).
Turkey Refuses To Withdraw Troops From Iraq, Threatens To Slap Sanctions On Russia
Submitted by Tyler Durden on 12/08/2015 - 12:01 "Training at this camp began with the knowledge of the Iraqi Defence Ministry and police. Those who make different interpretations of the Turkish military presence in Mosul are involved in deliberate provocation."
The scientific truth about flu shots and the human immune response is that flu shots only work for people who don’t need them.
People who are immunocompromised — who might actually benefit from viral exposure rehearsal — have no ability to build antibodies in response to the vaccine. Thus, the flu shot is wasted on them.
On the other hand, people who show a strong immune response to a flu shot are the very same people with healthy, active immune systems that can easily handle influenza exposure without a vaccine!
Flu shots, in other words, only “work” on people who don’t need them. But they FAIL on those they claim to protect.
Read More @ NaturalNews.com
by SGT, SGT Report.com:
Russia’s commitment to routing out and destroying ISIS (or ISIL) terrorists in Syria is on display again for the world to see today, this time with Russian subs launching land-attack cruise missiles at the Islamic state from the heart of the Mediterranean.
As we documented here Gladio Style Terror + Lindsey Graham + CNN = WWIII, Senator Lindsey Graham’s absurd claim Monday on mockingbird media outlet CNN that the US needs “boots on the ground” because “there is no one left in Syria to work with that could destroy ISIL“, is patently false. There is a very active global leader with whom the United States could partner in order to scrub ISIS from the globe, and his name is Vladimir Putin.
But the sad truth is that US leadership would rather meet and partner with the same ISIS terrorists they claim to be at war against, as they continue to plot the toppling of Syrian President Bashar al-Assad.
Russia’s commitment to routing out and destroying ISIS (or ISIL) terrorists in Syria is on display again for the world to see today, this time with Russian subs launching land-attack cruise missiles at the Islamic state from the heart of the Mediterranean.
As we documented here Gladio Style Terror + Lindsey Graham + CNN = WWIII, Senator Lindsey Graham’s absurd claim Monday on mockingbird media outlet CNN that the US needs “boots on the ground” because “there is no one left in Syria to work with that could destroy ISIL“, is patently false. There is a very active global leader with whom the United States could partner in order to scrub ISIS from the globe, and his name is Vladimir Putin.
But the sad truth is that US leadership would rather meet and partner with the same ISIS terrorists they claim to be at war against, as they continue to plot the toppling of Syrian President Bashar al-Assad.
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 Daily Coin:
If we look at some of the dots that are beginning to line up, 2016 may not be a very good year for manufacturing, retail or the economy as a whole. The U.S. economy is 70% retail, which is an unsustainable economic base anyway you look at it. If the people that flip burgers next door to the big box store are one-anothers-customers and this is the majority of your economic base, how is that sustainable?
Caterpillar, which has been one of the “measuring sticks” for China’s growth, the mining industry and construction around the world, is in trouble. As the world’s largest manufacturer of heavy construction equipment one can get a sense of what will be happening in the coming months based on the sales of Caterpillar equipment.
Read More
If we look at some of the dots that are beginning to line up, 2016 may not be a very good year for manufacturing, retail or the economy as a whole. The U.S. economy is 70% retail, which is an unsustainable economic base anyway you look at it. If the people that flip burgers next door to the big box store are one-anothers-customers and this is the majority of your economic base, how is that sustainable?
Caterpillar, which has been one of the “measuring sticks” for China’s growth, the mining industry and construction around the world, is in trouble. As the world’s largest manufacturer of heavy construction equipment one can get a sense of what will be happening in the coming months based on the sales of Caterpillar equipment.
Read More
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