Archive For: December 2015

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The Next Big Short------Jeff Bezos' Brobdingnagian Bubble

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The Stock Market Is A Coiled Spring... Not!

2015's stock market range (from high to low) is among the narrowest since World War II. This 'compression' has led the horde of asset-gatherers and commission-takers to suggest that stocks are a "coiled spring" ready to burst higher from this newly-formed permanent plateau. However, as S&P Capital IQ's Sam Stoval notes, that is the exact opposite of what to expect based on history. In fact a narrow range year is typically followed by a low return year, not a high return year.

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Congress' Misguided Iran-Bashing

The Obama administration has expressed its intention to make a needed correction, albeit only a partial one, to a badly flawed and misdirected piece of legislation that was an emotional response to fears about terrorism and that will do little or nothing to achieve its stated objective. The legislation, which was a rider on an omnibus spending bill that President Obama signed into law a week ago Friday, selectively reverses part of the visa waiver program under which citizens of some countries do not need to go through the time-consuming process of obtaining a visa before visiting the United States for tourism or business.

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Liberal Interventionist, Washington Group Think And the Catastrophe In Syria

Ill-fated U.S. military adventures abroad have had various fathers, even though some of those fathers have tried to disavow paternity once the problems became apparent. Neoconservatives figure prominently in this story, especially given that one of the most costly misadventures in recent times, the invasion of Iraq in 2003, was a distinctly neocon project.

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On The Liberation' Of Ramadi: 80% Destroyed, 30% ISIS Held

The vital capital of Iraq’s Anbar Province, once a city of half a million people, Ramadi has in the past seven months fell to ISIS, was surrounded and bombarded, and now (mostly) recovered by Iraq. As Iraqi officials tout their victory, however, it seems what they really won is a big repair bill.

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Turkey Is One Step Away From Civil War

ISTANBUL — A major Turkish military operation to eradicate Kurdish militants in Turkey’s restive southeast has turned dozens of urban districts into bloody battlefields, displacing hundreds of thousands of civilians and shattering hopes of reviving peace as an old war reaches its deadliest level in two decades.

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The Great Deflation At Work----Brazil's Year of the Snitch

Watching him buckle up for the flight to Rio de Janeiro for the holidays, few passengers would have guessed that the graying man in a burgundy polo shirt seated in the back of the plane was wearing an ankle monitor below his slacks, or that federal agents were watching his every move.

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Mind The Red Ponzi: Battered Yuan Posts Worst Year Since 1994 as HSBC Preaches Calm

There’s no need to panic, according to the yuan’s top forecaster, even as the currency posted the biggest annual loss in more than two decades and a majority of economists predicted a further depreciation in 2016.

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Oil Market to End 2015 in Downbeat Mood; Hangover To Be Long, Painful

Oil prices rose on Thursday but were still headed for a second year of steep declines after a race to pump by Middle East crude producers and U.S. shale oil drillers created an unprecedented global glut that may take through 2016 to clear.

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Mom And Pop Are The Greater Fools----Take A Gander At The Chart Which Proves It

Earlier today, we noted that while the market was surging last week, the smart money was selling. This comes at the same time as ICI reported major redemptions from both stock ($3.9 billion) and bond ($4.5 billion) mutual funds, even as corporate buybacks were decelerating, leading to the question of just who was buying stocks during the Santa rally of the past two weeks.

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