It’s quite easy to get carried away with the drawing of conclusions based on a few technical chart patterns (and we are not doing that here!), but this chart is just too ugly to at least go unmentioned.
Majority Of World Economy Weakening As US Manufacturing PMI Tumbles To 2 Year Lows
Submitted by Tyler Durden on 12/01/2015 - 09:53 Following China's surging and tumbling Manufacturing PMIs, and mixed data in Europe, US Manufacturing PMI's fell in November to 52.8 from October's hope-strewn bounce above 54. This is the weakest PMI print since October 2013 (as ISM Manufacturing tumbled to its lowest since Dec 2012). 30 regions have reported PMIs so far with half (15) seeing weakness (and just 13 seeing improvements) as new orders plunge to lowest since Oct 2013.
Chinese Auto Sales Crash, Inventories Soar In November
Despite ongoing exuberance at auto sales in America (which disappointed) - as crashing credit standards enable every Tom, Dick, and Muppet to buy too much 'depreciating asset' for their incomes - there are numerous problems few are talking about for automakers worldwide. Aside from "plans to buy a car" tumbling in the latest confidence surveys, and inventories-to-sales surging, China just poured ice cold water on any hope of stability in that 'growth' market as auto dealers issue the highest inventory alert since June. November data from China shows demand plunging, sales collapsing, and inventories soaring - a triple whammy of "no, things are not 'stabilizing'."
Here Are BlueCrest's Biggest Holdings
Submitted by Tyler Durden on 12/01/2015 - 08:57 Following the the stunning news that BlueCrest, until recently one of the Europe's largest and fastest growing hedge funds, will be essentially unwinding as it returns the bulk of its managed money to outside investors (according to Bloomberg $7 billion of the $8 billion in AUM will be returned), and will liquidate the vast majority of its holdings, the question is just which securities will have the overhang of a forced seller over the next few months. Here is the answer.
Looney Plunges As Canadian GDP Collapses Most Since 2009
Submitted by Tyler Durden on 12/01/2015 - 08:42 Who could have seen that coming? It appears, for America's northern brethren, low oil proces are unequivocally terrible. Against expectations of a flat 0.0% unchanged September, Canadian GDP plunged 0.5% - its largest MoM drop since March 2009 and the biggest miss since Dec 2008. With Canada's housing bubble bursting, it's time for the central planners to get back to work and re-invigorate the massive mal-invesment boom (and ban pawning of luxury goods).
It's D-Day For Puerto Rico As $354 Million Payment Comes Due, Padilla Heads To Capitol Hill For Help
Submitted by Tyler Durden on 12/01/2015 - 08:39 Puerto Rico faces its moment of truth on Tuesday as the commonwealth must decide whether to default on GO debt and risk triggering a cascade of litigation. Meanwhile, Governor Alejandro Garcia Padilla is on Capitol Hill hoping to drum up support for a plan that would allow for some of the island's agencies to file for bankruptcy.
Legendary Hedge Fund Calls It (Semi) Quits: $8 Billion BlueCrest To Return Outside Client Money
Submitted by Tyler Durden on 12/01/2015 - 08:26 BlueCrest Capital Management Limited "BlueCrest" announces it will, over the next several months, transition to a Private Investment Partnership, and will return to its clients the $8 billion it currently manages on their behalf. Following the transition, BlueCrest will manage assets solely on behalf of its partners and employees.
President Obama Explains How He Is Defeating All The World's Greatest Threats - Live Feed
Submitted by Tyler Durden on 12/01/2015 - 08:09 In a broad-based press conference, President Obama is expected to address everything from climate change and fossil fuels to more mundane threats such as ISIS, Boko Haram, Turkey, Russia, and Saudi Arabia. As you watch the President explain how he is solving all these 'issues', bear in mind his statement from earlier today that the global pact on climate control is "an act of defiance" against terrorism that proves the world stands undeterred by ISIS. Yeah that really showed them, eh?!The Pain Continues: These Are The Best And Worst Performing Assets In November And 2015
Submitted by Tyler Durden on 12/01/2015 - 08:01
Britain May Launch ISIS Strikes "Within Days"; Germany To Join With Warship, Planes, Troops
Submitted by Tyler Durden on 12/01/2015 - 07:41 With Jeremy Corbyn's divided Labour MPs free to break party rank in Wednesday's key vote, "RAF crews could be bombing the Isis headquarters in Raqqa by the end of the week." Meanwhile, "German Chancellor Angela Merkel’s Cabinet approved deploying warplanes over Syria in the fight against Islamic State."
Global Stocks Start Off December With A Bang, US Equity Futures Rebound; Yuan Drops
Submitted by Tyler Durden on 12/01/2015 - 06:56 There was something for everyone in last night's much anticipated Chinese PMI data, with the official number sliding to the lowest in over 3 years, suggesting the PBOC will need to do more stimulus and is thus bullish, while the unoffocial Caixin print rising to the highest since June, suggesting whatever the PBOC is doing is working, and is also bullish. Not unexpectedly, global stocks decided to take the bullish way out, and have risen across the globe led by Asia, where stocks rose as much as 1.8%, Europe also green and US equity futures up 10 points as of this writing.
Today’s news is a historic milestone. The dollar’s days are numbered, and the new global economic order is shifting into place.As many insiders have expected, China has now officially gained status among the world reserve currencies, taking place alongside the dollar, the euro, the pound and the yen.
The IMF decided to grant this upgrade as a result of financial and monetary benchmarks that Chinese leaders worked towards during the past several years. Its implications run deep.
Read More
by Jonathan Benson, Natural News:
Now that the eye-opening, undercover Center for Medical Progress (CMP) videos exposing Planned Parenthood for illegally selling aborted baby body parts
have had a chance to circulate throughout the world to millions of
people, the abortion industry is attempting a new tactic in defense of
its baby-murdering tactics.
Ending the lives of unborn children, stated Planned Parenthood head Cecile Richards recently before a House Oversight Committee, is perfectly in line with American values because it’s nothing more than standard “healthcare,” she claimed. She also defended the abortion mill’s organ harvesting procedures, which violate federal law, claiming that they, too, are just another compassionate form of modern medicine.
Richards, responding to a proposed bill that would strip Planned Parenthood of taxpayer funding, told legislators that she wasn’t aware of what was happening at many of her franchise locations, where undercover video footage exposed Planned Parenthood workers callously negotiating the prices of aborted baby body parts over wine and caviar.
Read More
Now that the eye-opening, undercover Center for Medical Progress (CMP) videos exposing Planned Parenthood for illegally selling aborted baby body parts
have had a chance to circulate throughout the world to millions of
people, the abortion industry is attempting a new tactic in defense of
its baby-murdering tactics.Ending the lives of unborn children, stated Planned Parenthood head Cecile Richards recently before a House Oversight Committee, is perfectly in line with American values because it’s nothing more than standard “healthcare,” she claimed. She also defended the abortion mill’s organ harvesting procedures, which violate federal law, claiming that they, too, are just another compassionate form of modern medicine.
Richards, responding to a proposed bill that would strip Planned Parenthood of taxpayer funding, told legislators that she wasn’t aware of what was happening at many of her franchise locations, where undercover video footage exposed Planned Parenthood workers callously negotiating the prices of aborted baby body parts over wine and caviar.
Read More
by Pam Martens and Russ Martens, Wall Street on Parade:
The problem with Wall Street is not just that individual participants serially disrespect the law. The bigger problem is that Wall Street as an industry
has structured itself as an ingrained law-avoidance system. There’s
simply no other industry in America where you could start the sentence –
“Wall Street is the only industry in America where…” – and find endless
ways to finish that thought.
Jamil Nazarali, the head of Citadel Execution Services, the trading arm of a hedge fund and dark pool operator, gave the above sentence a trial run on October 27 at a Securities and Exchange Commission meeting on market structure. Nazarali said:
The problem with Wall Street is not just that individual participants serially disrespect the law. The bigger problem is that Wall Street as an industry
has structured itself as an ingrained law-avoidance system. There’s
simply no other industry in America where you could start the sentence –
“Wall Street is the only industry in America where…” – and find endless
ways to finish that thought.Jamil Nazarali, the head of Citadel Execution Services, the trading arm of a hedge fund and dark pool operator, gave the above sentence a trial run on October 27 at a Securities and Exchange Commission meeting on market structure. Nazarali said:
“This industry is the only one that I am
aware of where a for-profit public company regulates its customers and
competitors. And I understand that you guys think that that’s important
but what is it that you guys do that someone else couldn’t do? All those
regulatory functions that you described, why couldn’t some other entity
do that? Why does it have to be within your four walls?”
Read More…
from Liberty Blitzkrieg:
Just yesterday, I published an article
highlighting the latest deranged idea floated by Saudi Arabia’s
monarchs to sue Twitter users comparing the barbaric kingdom to ISIS.
Today, I present to you a powerful graphic courtesy of Middle East Eye, which demonstrates precisely why the Saudis are so sensitive about the topic. Namely, because the accusations are true.
From Middle East Eye:
Read More
Just yesterday, I published an article
highlighting the latest deranged idea floated by Saudi Arabia’s
monarchs to sue Twitter users comparing the barbaric kingdom to ISIS.Today, I present to you a powerful graphic courtesy of Middle East Eye, which demonstrates precisely why the Saudis are so sensitive about the topic. Namely, because the accusations are true.
From Middle East Eye:
Read More
by Kurt Nimmo, Infowars:
Damascus and Moscow have agreed to take steps to block the Syrian
border with Turkey and cut off supply lines for the Islamic State and
other jihadi groups.
Russian Foreign Minister Sergey Lavrov announced the effort on Friday after talks with Syrian Foreign Minister Walid Muallem.
Damascus and Moscow have agreed to take steps to block the Syrian
border with Turkey and cut off supply lines for the Islamic State and
other jihadi groups.Russian Foreign Minister Sergey Lavrov announced the effort on Friday after talks with Syrian Foreign Minister Walid Muallem.
“We actively support that. We are open for
coordination of practical steps, certainly, in interaction with the
Syrian government,” Lavrov said about an earlier proposal by French
President Francois Hollande. “We are convinced that by blocking the
border we will in many respects solve the tasks to eradicate terrorism
on Syrian soil.”
Read More
by Mac Slavo, SHTFPlan:
When opportunity has evaporated, and people are vanquished with no hope of better employment, it is simply inevitable that many will turn to selling themselves rather than starve, or worse.
At one level, it pure economics. The Greek people have been squeezed. Their economy has been sold at auction, and everything is breaking down. In tandem, Greece is seeing a spike in prostitution at such a skyrocketing rate that the price of services has reached the extreme bottom price of $4.24 per hour, or just over two dollars for the half hour.
In America, women have also been nudged into the sex trade, offering companionship and arranged romance for the cost of a college education and a decent and comfortable lifestyle. Waiting tables and being saddled with lifelong debt just to obtain a degree is no longer workable. Desperate times call for desperate measures.
Read More
When opportunity has evaporated, and people are vanquished with no hope of better employment, it is simply inevitable that many will turn to selling themselves rather than starve, or worse.
At one level, it pure economics. The Greek people have been squeezed. Their economy has been sold at auction, and everything is breaking down. In tandem, Greece is seeing a spike in prostitution at such a skyrocketing rate that the price of services has reached the extreme bottom price of $4.24 per hour, or just over two dollars for the half hour.
In America, women have also been nudged into the sex trade, offering companionship and arranged romance for the cost of a college education and a decent and comfortable lifestyle. Waiting tables and being saddled with lifelong debt just to obtain a degree is no longer workable. Desperate times call for desperate measures.
Read More
from CNS News:
Speaking today at the 2015 Paris Climate Conference, President Barack
Obama predicted that, unless the nations of the world acted now to
combat climate change, countries would be submerged, cities would be
abandoned, fields would no longer grown, and there would be new
conflicts and floods of refugees.
Here is a key excerpt from the president’s speech, which is available in full at the White House website:
Speaking today at the 2015 Paris Climate Conference, President Barack
Obama predicted that, unless the nations of the world acted now to
combat climate change, countries would be submerged, cities would be
abandoned, fields would no longer grown, and there would be new
conflicts and floods of refugees.
Here is a key excerpt from the president’s speech, which is available in full at the White House website:
This summer, I saw the effects of climate change firsthand in our northernmost state, Alaska, where the sea is already swallowing villages and eroding shorelines; where permafrost thaws and the tundra burns; where glaciers are melting at a pace unprecedented in modern times. And it was a preview of one possible future — a glimpse of our children’s fate if the climate keeps changing faster than our efforts to address it. Submerged countries. Abandoned cities. Fields that no longer grow. Political disruptions that trigger new conflict, and even more floods of desperate peoples seeking the sanctuary of nations not their own.Read More…
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