Police Officer Shot At Capitol, Shooter In Custody - Live Feed

Submitted by Tyler Durden on 03/28/2016 - 14:51 Update: *SHOOTING AT CAPITOL VISITOR CENTER, SHOOTER IS DOWN: WUSA9
Information is sparse for now but headlines and images show a mass evacuation of tourists (police telling them to run away) and Capitol Police report: SHOTS FIRED AT U.S. CAPITOL VISITOR CENTER: CAPITOL POLICE. The PA System has declared "shelter in place" as the situation evolves.

With Hillary Clinton's Email Lies Unravelling, 147 FBI Agents Are On Her Heels

Submitted by Tyler Durden on 03/28/2016 - 12:58 “We [now] know why Hillary Clinton falsely suggests she didn’t use clintonemail.com account prior to March, 18, 2009 — because she didn’t want Americans to know about her February 13, 2009, email that shows that she knew her Blackberry and email use was not secure.”

Secret Service Denies 44,000 Signatories Right To Bear Arms At RNC Convention

Submitted by Tyler Durden on 03/28/2016 - 15:35 Following the amassing of more than 44,000 signatures petitioning for the right to open-carry during the RNC convention in July, The Hill reports The Secret Service released a statement saying that "only authorized law enforcement personnel" working with the agency will be allowed to carry firearms inside protected areas. Petitioners reacted angrily to the decision, "this is a direct affront to the Second Amendment and puts all attendees at risk." The way this cronyist campaign is going, guns are the last thing the GOP should be worrying about.

All Is Not Well In Leveraged Speculation-Land

Submitted by Tyler Durden on 03/28/2016 - 15:20 Not many months ago bullish Wall Street strategists and pundits were celebrating the backdrop. It appeared to many that global central bankers had mastered the perpetual “money” machine. Markets could only go higher. Yet one would have to be delusional not to recognize the darkening clouds overtaking the world and U.S. Look no further than global terrorist attacks, geopolitical tension and the sour U.S. political discourse as confirmation that All is Not Well.

The Great Nausea

Submitted by Tyler Durden on 03/28/2016 - 14:40 Trump, Cruz, Hillary, and Bernie are signs that this poor paralyzed country needs to go through a convulsion to flush out all the toxic idiocy of this historical moment. Trigger warning: it may be the messiest revolution in history when it finally comes, there is so much dross to clear out of the system.

YTD Corporate Default Jump To Highest Since 2009

Submitted by Tyler Durden on 03/28/2016 - 14:18 With last week's five defaults, the 2016 to date total is now 31, the highest since 2009 when there were 42 company defaults, according to Standard & Poor's. Four of the defaults in the week ended March 23 were by U.S. issuers including UCI Holdings Ltd. and Peabody Energy Corp., the credit rating company said.

The True Cost Of Corporate Profitability: The Unbearable Burnout Of "The Professional Class"

Submitted by Tyler Durden on 03/28/2016 - 14:01 What no financial analyst dares confess is the corporate profits they cheer every quarter have come at a cost that many Americans will soon be unable to bear.

Partner At Blackstone Spun-off Private Equity Firm Arrested, Charged With Stealing $95 Million

Submitted by Tyler Durden on 03/28/2016 - 13:40 In a shocking development, earlier today a highly reputable executive with a just as reputable private equity firm was arrested and charged with securities fraud. Andrew Caspersen, a Harvard Law School graduate and a partner at the Park Hill Group, an advisory firm that up until last fall had been a part of the Blackstone Group, was accused of defrauding numerous institutional investors out of $95 million through fake private equity investments.

It's Official: The Oil Surge Was Driven By The Biggest Short-Squeeze Ever

Submitted by Tyler Durden on 03/28/2016 - 13:21 It is now official: as crude soared 50% since Feb. 11, Bloomberg writes, the number of bets on increased prices has barely budged. "Instead, the upward pressure on prices appears to have come from traders cashing out of bearish wagers at an unprecedented pace. The liquidation of short positions during the last seven weeks covered by data from the U.S. Commodity Futures Trading Commission was the largest on record."

Bid To Cover Plunges, Foreign Central Banks Flee From 2 Year Auction

Submitted by Tyler Durden on 03/28/2016 - 13:10 On the surface, today's 2Y auction was not too bad: pricing at a 0.877% high yield, this stopped 0.5 bps through the 0.882% When Issued. That was as good as it got, because the internals were a disaster: the Bid to Cover plunged from 2.907 to just 2.578, the lowest BTC since Dec 2008 and clearly well below the 12TTM average of 3.17. Almost as if investors are no longer too sure in the short end... which makes sense: neither is the Fed, at least until it too unleashes NIRP.

Is This Fed President An Idiot? Read These Two Headlines And Decide

Submitted by Tyler Durden on 03/28/2016 - 12:37

The Hits Just Keep On Coming: Valeant CEO To Tesity Under Oath, Following Accusation Of Merger Agreement Violation

Submitted by Tyler Durden on 03/28/2016 - 12:24 It's been a terrible month for investors in Valeant (and Pershing Square) and it is about to get even worse following news that the outgoing CEO of the troubled company, which is under scrutiny for dramatically hiking the price of older drugs, has been summoned to testify at a U.S. congressional hearing on April 27, the panel said on Monday.

WTF Chart Of The Day: Without "Pajama Traders", Stocks Have Gone Nowhere In 11 Years

Submitted by Tyler Durden on 03/28/2016 - 11:48 There appears to be two sure-fire ways to make money in these 'efficient' markets - Buy before The Fed speaks... or trade 'em after midnight. The so-called "pajama traders" may be on to something after all?

Don't Blame It All On Donald Trump

Submitted by Tyler Durden on 03/28/2016 - 12:05 In this “election” season, many remain shocked that a leading candidate for the presidency is a demagogue with a visible authoritarian side and what looks like an autocratic bent. All such labels are pinned on Donald Trump, but the new American system that’s been emerging from its chrysalis in these years already has just those tendencies. So don’t blame it all on Donald Trump. He should be far less of a shock to this country than he continues to be. After all, a Trumpian world-in-formation has paved the way for him.

California Says To Hell With Economics, Will Hike Minimum Wage To $15/Hour

Submitted by Tyler Durden on 03/28/2016 - 12:21 "It's good for workers, but I imagine this is not going to be good news for employers and small businesses Will the cost of things go up? Are employers going to cut back hours because they can't afford it? I worry" -- Miguel Sanchez, tortilla maker

Q1 GDP Crashes To 0.6%: Latest Atlanta Fed Estimate

Submitted by Tyler Durden on 03/28/2016 - 11:30 Earlier today we said that following today's abysmal January spending data revision, "the Atlanta Fed will have no choice but to revise its Q1 "nowcast" to 1.0% or even lower, which would make the first quarter the lowest quarter since the "polar vortex" impacted Q1 of 2015, and the third worst GDP quarter since Q4 2012. It means one-third of already low Q1 GDP growth has just been wiped away."
It was "even lower."

Another Reason Corporate Profits Will Plummet: The Managerial/ Professional Class Is Burning Out

by Charles Hugh Smith, Of Two Minds:

What no financial analyst dares confess is the corporate profits they cheer every quarter have come at a cost that many Americans will soon be unable to bear. 
If you work for Corporate America in a managerial or professional capacity, you know all about burnout, because you see it all around you or are experiencing it yourself. Readers describe what they are seeing in the top ranks of S&P 500 corporations, and the stories (anonymous because everyone knows the truth will get them fired/blacklisted) are all about the high personal costs of earning big paychecks by making the numbers–not just revenue but the all-important profits that power the multi-trillion-dollar valuations of U.S. corporations and the stock market that glories in their magnificent and ever-growing profits.
Read More…

The Death of Social Security: Time Is Running Out

by Adam English, Outsider Club:

Social Security is dead.
I hate to say it.
I feel like the Ghost of Christmas Future showing Scrooge his tombstone.
In this case it reads:
SOCIAL SECURITY
Born: August 14, 1935
Died: December 31, 2032
This probably doesn’t come as a surprise to you.
It’s something that’s been widely discussed, and that’s backed by basic math.
Read More

Trump’s & Clinton’s High Negative Approval Ratings Likely to Go Higher

by Rory, Solari:

“The Presidency of the United States is not an entry level position.” ~ Don Coxe.
Donald Trump is now enjoying on the job training under the white lights of the governance system in the United States. Governance is a very different place than campaigning.
Trump showed up at the Washington Post with part of his foreign advisory team to speak with the editorial board. His team included retired Lieutenant General Keith Kellogg. Kellogg joined Oracle after leaving the military, then served with Paul Bremmer in Iraq and then went to CACI. The first description I read said he was a Vice President of CACI.
Continue reading Trump’s & Clinton’s High Negative Approval Ratings Likely to Go Higher

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