Clinton & Trump Aides Forum Devolves Into Screaming Match - "I Would Rather Lose Than Win The Way You Did"

"I would rather lose than win the way you guys did," ..... "I can tell you are angry, but wow... Will you ever accept the election results?" And it went down-hill from there...

Americans Not In The Labor Force Soar To Record 95.1 Million: Jump By 446,000 In One Month

Why did the unemployment rate tumble from 4.9% to 4.6%? Simple: the number of Americans who are no longer in the labor force spiked by 446,000 in November, hitting an all time high of 95.1 million.

How December 4th Could Trigger The "Most Violent Economic Shock In History"

Italians are angrier now than they’ve been since they hung Il Duce up by his heels in 1945. Italy has had no productive growth since 1999. Real GDP per person is smaller than it was at the turn of the century. That’s almost two decades of economic stagnation. By any measure, the Italian economy is in a deep depression. And things will probably get much worse. It’s no surprise Italians are in a revolutionary mood...

Everything You Need To Know About The Italian Referendum (& Should Be Afraid To Ask)

While the post-Trump euphoria in US stocks has been the perfect distraction from the ugly realities elsewhere, this weekend's Italian Referendum could well be the biggest 'revolt' yet, topping Brexit and Trump. Should Italy vote "no", as polls forecast, PM Renzi may quit, leaving the Italian bank recapitalization would then be in jeopardy and, as Bloomberg's Mark Cranfield warns "we could be looking at a Greece-like market reaction on steroids."

US Oil Rig Count Rises To 10-Month Highs

From the 316 rig trough in May, American oil drillers have added 161 to 477 - the highest since January 2016. The rising rig count continues to track lagged oil prices higher and US crude production is following that trend to its highest level since June.

Schwarzman, Dimon, Fink Will Advise Trump How To Create Jobs

Donald Trump today announced that he is establishing the President’s Strategic and Policy Forum. The Forum will be called upon to meet with the President "frequently to share their specific experience and knowledge as the President implements his plan to bring back jobs and Make America Great Again. The Forum will be chaired by Stephen Schwarzman, Chairman, CEO, and Co-Founder of Blackstone." Its members also include Jamie Dimon and Larry Fink.

Hillary Clinton Gains One Vote On First Day Of Wisconsin Recount

Deutsche Bank Stock Slides After "Cutting Off" 3,400 "Non-Strategic" Trading Clients

In September, headlines of Deutsche Bank trading clients pulling collateral sparked grave concern over the world's most systemically dangerous bank. Today, the stock is sliding once again as WSJ reports the bank said it would cease providing some coverage for about 3,400 actively trading clients in its global markets division, according to a memo sent to equities staff.

Erdogan Demands Turks Exchange Their Dollars To Gold, Lira

President Recep Tayyip Erdogan urged Turks on Friday to convert their foreign currencies into gold and lira to stimulate the country's economy as the lira continued its slide against the dollar.

Since 2014 The US Has Added 571,000 Waiters And Bartenders And Lost 34,000 Manufacturing Workers

According to the BLS' seasonally adjusted "data", starting in March of 2010 and continuing through October of 2016, there has been just one month in which restaurant workers lost jobs. Meanwhile, the US manufacturing industry is getting hammered.

Oil Dips After Former Saudi Oil Minister Admits On OPEC Deals, "We Tend To Cheat"

Not really surprising anyone, former Saudi Arabia oil inister Ali Al-Naimitold a forum in Washington that it "remains to be seen" if the OPEC deal is successful, noting that the "market is set to rebalance if everyone cuts production" but added "we tend to cheat."

Do 1901 Expedition Logbooks Confirm There Is No Global Warming?

"...new analysis suggests that conditions are now virtually identical to when the Terra Nova and Endurance sailed to the continent in the early 1900s, indicating that declines are part of a natural cycle and not the result of global warming."

Michigan Attorney General Moves To Block Jill Stein's "Inexcusable" Presidential Recount

"If allowed to proceed, the statewide hand recount could cost Michigan taxpayers millions of dollars and would put Michigan voters at risk of being disenfranchised in the electoral college."

Where The November Jobs Were: Accountants, Nurses, Waiters, Government And Part-Time Workers

According to the BLS, some 178,000 seasonally adjusted jobs were added in November, arbitrarily goalseeked as they may have been. Where were they?  Here is the answer.

Intriguing Predictions On Trump's Plan For Federal Reserve

Trump’s picks so far are already garnering a lot of attention, but his choices for appointments relating to the economy could cause the biggest stir of all. As Trump and his new appointments rise to power, the Federal Reserve could be targeted for overdue changes and reforms. Let’s take a look at how the Trump administration may change the Fed.

Multiple Jobholders Hit New All Time High As Part-Time Jobs Soar

A new warning has emerged when looking at the number of Multiple jobholders, or people who are forced to hold more than one job due to insufficient wages or for other reasons: when observed on an actual basis, the number of multiple jobholders just rose to 8.107 million, a new record high print for the 21st century.

Mitt Romney Is Now Heavy Favorite For Secretary Of State

VIX Flash-Crashes On Payrolls Print, Stocks Sink

Unraveling the payrolls data details was irrelevant for the algos, a plunge in the unemployment rate appears to have been the trigger for an instantaneous fat-finger VIX slam, which managed to spark a brief upward momentum in stocks, but that did not last...

Payrolls Rise 178K As Unemployment Rate Tumbles To 4.6% But Average Hourly Earnings Worst Since 2014

While the headline November payrolls print came in almost on top of expectations at 178K, vs consensus of 180K there were two big surprises in today's report, one being the unemployment rate which plunged from 4.9% to 4.6%, well below the 4.9% expected, but the biggest negative surprise was that the Average hourly earnings in November dropped by 0.1%, far below last month's 0.4% rise, and below the 0.2% expected

"A Watershed Month" - November Sees Greatest "Asset Rotation" Since 2013

The final November fund flow numbers are in, and as BofA's Michael Hartnett puts it, November was a "watershed month" for fund flows with the largest 5-week bond outflows in 3.5 years (Chart 1), largest 3-week precious metals outflows in 3.5 years (Chart 3) and largest 4-week equity inflows in 2 years.

Gross Echoes Gundlach, Says Trump Rally Is Misguided: "Move To Cash"

On the heels of Jeff Gundlach's "there's going to be a buyer's remorse period" warnings yesterday, the other 'bond king' has raised similar fears that the Trump rally is overdone (as are the prospects for growth behind it). Putting aside the book-talking as their bond portfolios suffer, Gross echoes Gundlach's "Trump's not the wizard of oz" comments, noting that the next president faces serious structural headwinds and warns investors "should move to cash," as any fiscal stimulus gains will be temporary at best.

"A Generation That Has Never Been Told 'No'" Daniel Hannan Destroys Anti-Trump Protestors' Safe Spaces

In just two short minutes MEP Daniel Hannan destroys the competitive virtue-signalling farce that is the Anti-Trump protestor, "this is the first generation that has been brought up not to tolerate opinions that they dislike... and they have been taught that the correct response to someone saying something you find 'hurtful' is to try and silence that person..." This is not about Trump, this is about a generation "that has never been told 'no' and can't handle disagreement."

Gundlach Turns Bearish Again: "Stocks Have Peaked, It's Too Late To Buy The Trump Trade"

"There's no magic here" warned Doubleline's Jeff Gundlach about the Trump rally, and told Reuters that bond yields and stocks have peaked, the dollar is going down, and that gold will move up in the short term. "It is so late to be buying the Trump Trade."

The Battle For Aleppo Is Over, Now The Real War Has Begun

Aleppo is the key to the Syrian ‘civil war.’ Now that pro-Assad forces have won the day it touches off a number of responses around the region.  This further breaks down the position of U.S/NATO-backed forces trying to oust Syrian President Bashar al-Assad from power, regardless of what Turkish President Recep Tayyip Erdogan has to say about it.  All of this means that the likelihood of some ugly false flag incident rises by the hour.

Germany Submits To Sharia Law

A German court has ruled that seven Islamists who formed a vigilante patrol to enforce Sharia law on the streets of Wuppertal did not break German law and were simply exercising their right to free speech. The "politically correct" decision, which may be appealed, effectively authorizes the Sharia Police to continue enforcing Islamic law in Wuppertal.

Norway Buying $130 Billion In Global Equities As Sovereign Wealth Fund Continues To Bleed Cash

After being forced to withdraw $15 billion to fund government deficits, Norway's sovereign wealth fund has decided to boost it's equity allocation to 75% from 60% creating about $130 billion worth of incremental global equity demand

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