| WEATHER INTERNAL

California HS shooter used untraceable ‘ghost gun,’ sheriff says

The 16-year-old boy who shot five classmates on Nov. 14 before turning the weapon on himself at Saugus High School in Santa Clarita, Calif. used an unregistered, untraceable “ghost gun” assembled by hand from parts, according to Los Angeles County Sher…

Missing Illinois teenager was last seen leaving school in Wisconsin, police say

Authorities in northern Illinois are searching for a missing teenage girl who was last seen leaving her high school in neighboring Wisconsin on Wednesday, according to officials.

Ohio Catholic school announces mandatory random drug testing for all students

A Catholic high school in Ohio announced this week that it will begin administering random drug tests beginning January 2020 in order to enforce its new policy banning the use of drugs and nicotine.

Gunman, 4 others charged in New Jersey high school football game shooting: prosecutor

The alleged gunman has been charged in connection with the shooting at a high school football game in New Jersey on Friday that seriously injured two and sent fans and players running for their lives, prosecutors said on Saturday.

Cal Thomas: This subject is critical for democracy. So how come our kids don’t know about it?

According to reports, the teaching of U.S. history to American students lags behind all other subject matters.

New Jersey high school football shooting leaves at least 2 wounded

At least two people, including one child, were wounded Friday night in a shooting at a high school football playoff in New Jersey.

California shooting prompted fearful students to text families: ‘i love you and dad so much’

When the gunfire started at a Southern California high school on Thursday morning, many students reached for their phones and started texting.

Shooting at California’s Saugus High School, ‘male Asian suspect’ at large, sheriffs say

California police were hunting for the suspected shooter who reportedly opened fire at Saugus High School on Thursday, injuring at least six people — two of whom were in critical condition, officials said.

Minnesota school district apologizes for throwing out hot meals for students with over $15 in lunch debt

A Minnesota school district apologized Monday for a policy that led to high school cafeteria workers throwing away the hot meals of students with lunch debt exceeding $15.

Missouri high school football coach, team under fire for ‘illegal’ prayer after complaint from atheist group

A Missouri school district is investigating after an atheist group complained about “illegal” prayer between the high school football coaches and players before and after games.

Florida student says high school rejected pro-life club for ‘controversial’ views

A Florida high school student alleges the administration rejected a request for a pro-life club and threatened teachers with termination for offering to sponsor the group, but the public school, located in Naples, denies the allegations, instead, sayin…

Virginia veteran, 93, who dropped out of high school to fight in WWII, gets honorary diploma

James Yarbrough, during a Veterans Day ceremony, was left in tears fulfilling a lifelong dream. The 93-year-old veteran from Virginia was finally getting a diploma, more than 75 years after World War II interrupted his education.

Medal of Honor recipient’s Purple Heart purchased at gun show, donated to school decades after it vanished

A Purple Heart belonging to a World War II Medal of Honor recipient from Texas that had been lost for decades was bought by a woman at a gun show on Long Island, N.Y., this past September for $60 — and on Friday, she donated it to a Texas school beari…

‘Cheer Dad’ and cheerleader daughter react after viral video: ‘I didn’t expect him to go that hard’

Spirited Virginia “cheer dad,” Air Force Captain Hekili Holland, said that he’s felt excited and overwhelmed after a video of his impromptu routine — an imitation of the team’s signature fight song cheer — in the stands at his daughter’s high school …

Kamala Harris’ proposal to extend school days is not healthy, Rachel Campos-Duffy says

2020 presidential candidate Sen. Kamala Harris’ proposal to “align the school day with the workday” is not “healthy” and “certainly not pro-family,” Fox News contributor and mother of nine Rachel Campos-Duffy said Saturday.

Texas high school football player goes viral after praying for opponent whose mom is battling cancer

Football and faith go hand-in-hand in Texas and one photo captured that kind of special moment under the lights last Friday night as two opposing high school players united in prayer.

Ohio facing troubling trends when it comes to prep football

he late August game between Pickerington High School North and Canal Winchester was just a preseason scrimmage.

North Carolina teacher suspended after allegedly segregating students based on political, religious beliefs

A North Carolina teacher was suspended after she allegedly segregated students — based on their religious and political beliefs.

Louisiana woman accused of writing students fake doctor’s notes for $20 each

Some high school students in Louisiana were apparently able to get out of school because of a medical clinic employee who allegedly wrote them phony doctor’s notes — for $20 each.

Texas high school football team carry flags to honor military, police officers during game

A Texas high school football team is going viral after they were spotted walking onto the field at a recent game each carrying “Old Glory.”

Analysts Eviscerate Musk's Cybertruck: "0% Of Responses Felt It Will Be A Success"

22 November 2019

Analysts Eviscerate Musk's Cybertruck: "0% Of Responses Felt It Will Be A Success"

While some people, on Wall Street of all places, are still trying to determine if Thursday's Cybertruck unveiling actually happened (with Morgan Stanley saying that "investors (and myself) still wondering if last night’s launch was a joke or not but invariably most agree it was a flop"), or if we were just dreaming it all, it looks as though the spontaneously combusting trainwreck that was the Cybertruck event - complete with shattered windows and bizarre trapezoid design (which according to one commentator looked like a DeLorean fucked a triangle) - actually did happen, just as we covered it late Thursday night.

Reaffirming that the event was just as embarrassing to everyone else who witnessed it, if perhaps not Elon Musk, was the slew of sellside notes published on Friday, in many cases by stunned analysts who in many cases were not sure if they were being trolled. Two notes, from Bernstein and Morgan Stanley, both plainly conclude that whatever the thing was that Musk presented last night has very little chance of being a success.

Morgan Stanley went as far as to release two hot takes on Friday. The first, titled "Cybertruck: Designed to Shock?" concluded that Tesla has to "make adjustments" if it wants to capture a "larger slice" of the $100 billion US pickup truck total addressable market. Talk about your all-time understatements...

They called the reveal "Avant-Garde" and tried to do their best to put lipstick on Elon's Cyber-pig. "While some investors may see the design as more fitting for a work site in a Martian colony, true art and design lovers may appreciate that Tesla has tried to bring something totally different to the market here on Earth," the note says.

On the financial side of things, MS acknowledges that the truck could be "quite polarizing" and "too niche" for its market.

The note says that Morgan Stanley "would not be surprised to see TSLA showcase a less controversial design over the next few years." In other words, they think everything from last night needs to be scrapped, and we don't blame them.

Morgan Stanley then issued a note later in the day on Friday after conducting a "snap poll" of its email distribution list to try and determine what people thought of the Cybertruck. The results of the poll were that 0% of people surveyed thought the truck would be a success in its current form. That's a bit more than just "too niche", wouldn't you say?

Finally, as sellsiders are known to do, Bernstein kept its price target and market perform on the stock, but said that the truck "looks weird… like, really weird." While complimenting the truck's specs on paper, Bernstein also said the truck is "likely to be a niche offering – with sales of perhaps 50K units a year or less."

They compared it to the Hummer, which sold 30-80K units annually during its lifetime.

Bernstein also didn't feel that the Cybertruck would have any impact on Tesla's financials. "Its aggressive price raises the question of how healthy gross margins might be," the firm said, noting that the "base offering is priced $7-10k lower than [they] expected."

They conclude with the same key question as Morgan Stanley: "whether Cybertruck's design could be tweaked into a more mainstream offering over time."

Tyler Durden Fri, 11/22/2019 - 17:25

Remembering JFK's Vision For The Future That Should Have Been

22 November 2019

Remembering JFK's Vision For The Future That Should Have Been

Authored by Matthew Ehret via The Strategic Culture Foundation,

[youtube https://www.youtube.com/watch?v=WtFov8Ni-nw]

“Man holds in his mortal hands the power to abolish all forms of human poverty and all forms of human life. And yet the same revolutionary beliefs for which our forebears fought are still at issue around the globe….”

President Kennedy, 1961 Inaugural Address

Where China and Russia are currently leading a new paradigm of cooperation and development, it is too easily forgotten that America itself had once embodied this anti-colonial spirit under the foreign policy vision of John F. Kennedy. Even though the young leader died in office before the full effect of his grand vision could take hold, it is worth revisiting his fight and stated intention for a post-colonial world governed by win-win cooperation. This exercise is especially important now that we are coming to the anniversary of the murder of John F. Kennedy on November 22, 1963.

FDR’s Death and the Emergence of the New Rome

America didn’t become an imperial “dumb giant” after WWII without a major fight.

With FDR’s death, the USA began acting more and more like an empire abroad and a racist police state under McCarthyism within its own borders. During this time, those allies of FDR who were committed to Roosevelt’s anti colonial post war vision, rallied around former Vice President Henry Wallace’s 1948 Presidential bid with the Progressive Party of America. When this effort failed, an outright police state took over and those same fascists who had sponsored WWII took control of the reins of power.

These “economic royalists” enjoyed full control as puppet President Harry S. Truman giggled as he dropped bombs on a defeated Japan and happily and supported America’s new role as the re-conquistador of nations who sought independence after WWII. While it can’t be argued that the politically naïve President Eisenhower had some redeeming qualities, for the most part, his 8 year administration was run by the Dulles brothers and Wall Street, and it was only on January 17, 1961 that he made any serious effort to speak openly about the military industrial complex that had grown like a cancer under his watch.

[youtube https://www.youtube.com/watch?v=OyBNmecVtdU]

A New Hope Emerges in 1961

It was no secret who the outgoing President was warning. Three days after his address, a young John F. Kennedy was inaugurated 35th president of the United States to the great hope of many anti-fascists in America and abroad.

[youtube https://www.youtube.com/watch?v=1j_qR2sghEQ]

It is too often overlooked today, but JFK’s anti-colonial position was not a secret during his decade as a Senator and Congressman. Even though his family pedigree was stained with mafia and JP Morgan ties to his treacherous father “Papa Joe”, John Kennedy was made of sturdier stuff.

Touring Asia and the Middle East in the 1950s, a young Senator Kennedy expressed his sensitivity to the plight of the Arab world and problem of US imperialism when he said:

“Our intervention in behalf of England’s oil investments in Iran, directed more at the preservation of interests outside Iran than at Iran’s own development…. Our failure to deal effectively after three years with the terrible human tragedy of the more than 700,000 Arab refugees [Palestinians], these are things that have failed to sit well with Arab desires and make empty the promises of the Voice of America….”

Later, speaking in a 1960 speech regarding ending colonialism in Africa, JFK expressed his understanding of Africa’s demand for genuine independence saying:

“Call it nationalism, call it anti-colonialism, Africa is going through a revolution…. Africans want a higher standard of living. Seventy-five percent of the population now lives by subsistence agriculture. They want an opportunity to manage and benefit directly from the resources in, on, and under their land…. The African peoples believe that the science, technology, and education available in the modern world can overcome their struggle for existence, that their poverty, squalor, ignorance, and disease can be conquered…. [The] balance of power is shifting … into the hands of the two-thirds of the world’s people who want to share what the one-third has already taken for granted….”

JFK Battles the Deep State

Wall Street’s Dulles Brothers who together ran the CIA and the State Department had made several major efforts to sabotage Kennedy’s “new frontiers” initiative that gripped the imaginations of young and old alike. Kennedy’s program was driven by large scale infrastructure at home and advanced scientific and technological progress in the Developing sector abroad. Attempting to break that trajectory, Allen Dulles had prepared the Bay of Pigs invasion of Cuba months before Kennedy entered the scene which was a near disaster for the world. Just days before Kennedy’s inauguration, Allan Dulles ensured that a pro-Kennedy ally who had just recently gained power in the Congo named Patrice Lumumba was assassinated in cold blood knowing that JFK would be blamed, and every effort was made to back up the French fascists trying to stop the Algerian independence movement behind JFK’s back. Both the Cuban invasion and the assassination of Lumumba have been blamed on Kennedy to this day.

In response to this treachery, JFK made the bold move of firing CIA director Allan Dulles, and two Wall Street-connected CIA directors on November 29, 1961 saying that he would soon “splinter the C.I.A. in a thousand pieces and scatter it to the winds.”

Recognizing the insanity of the zero sum Cold Warriors who could only look at the world through the perversity of a Hobbesian leans of “each against all”, JFK not only stood alone against the entire array of war-hungry Joint Chiefs calling for war with Russia during the infamous “13 day showdown” and parodied by Kubrick’s brilliant Dr. Strangelove, but also took the advice of Generals MacArthur, and Charles de Gaulle who warned him to avoid all entrapments of a “land war in Vietnam”. On this point, JFK introduced NSAM 263 in October 1963 to begin a full withdrawal from Southeast Asia.

JFK’s June 10, 1963 speech What Kind of Peace Do We Seek? Showcased his resistance to the imperialists in America.

[youtube https://www.youtube.com/watch?v=RclaV_3_eOA]

What was especially intolerable was that JFK began challenging closed rules of the Zero Sum Cold War game itself when he announced a new mission outside of the closed parameters of geopolitics when he announced the mission to put a man on the moon “within the decade”. This would have been tolerable if the effort was kept within a geopolitical ideology of “competition against the evil commies”. But JFK knew better and called for a US-Russia partnership to jointly develop advanced technologies together making the space program a project for human peace. This little known strategic vision was announced in a September 20, 1963 UN speech shows how the threat of an arms race in space, which today threatens the earth, could have been avoided:

[youtube https://www.youtube.com/watch?v=HKu3tt4zGJw]

JFK’s efforts to build bridges with Russia were of vital importance as his efforts resulted in the passage of the test ban treaty on August 5, 1963, and hopes were awoken for an early end to the Cold War though the mutual development of the poorest parts of the world. This was “International New Deal” strategy which patriots like Henry Wallace and Paul Robeson had fought for from 1946-1959.

Across Africa, Asia and other former colonies, JFK had worked hard to build relationships with Pan African leaders Kwame Nkrumah, Patrice Lumumba, as well as Egypt’s Gamal Nasser, India’s Jawaharlal Nehru and South Vietnamese President Diem to provide American assistance for the construction of great infrastructure projects like the Akosombo Dam in Ghana, nuclear power in Egypt and Vietnam and steel industries in India. Today the Akosombo Dam stands with a plaque dedicated to the “martyred John F. Kennedy”. As historian Anton Chaitkin proves in his incredible 2013 opus “JFK vs the Empire”, this didn’t happen without a major fight with the JP Morgan controlled steel barons who artificially raised the price of steel in order to make these projects financially impossible.

How would these projects be funded? Certainly, Kennedy’s industrial tax credit was a major help, but when it became clear that Wall Street banks, and the Federal Reserve were obstructing the flow of credit for long term development, JFK introduced Bill 11110 to begin issuing silver-backed currency through the Treasury rather than the private central banking system on June 4, 1963 which would have liberated America from private central banking for the first time since 1913.

The Plot to Kill Kennedy

New Orleans District Attorney Jim Garrison famously played by Kevin Costner in Oliver Stone’s 1992 JFK did more than many people today realize in exposing the networks that ran JFK’s murder and subsequent cover-up. Without going into detail of the multiple bullets that killed Kennedy from several directions (especially the lethal head shot which obviously struck him FROM THE FRONT as showcased in the Zapruder film which had been suppressed for several years), let’s look at some lesser known evidence discovered by Garrison.

In his 1991 book “On the Trail of the Assassins”, Garrison wrote of an international assassination bureau named Permindex and the World Trade Organization on whose boards sat CIA asset Clay Shaw (the figure played by Tommy Lee Jones in the Stone biopic). Garrison wrote:

“The CIA- which apparently had been conducting its own foreign policy for some time- had begun a project in Italy as far back as the early 1950s. The organization, named the Centro Mondiale Commerciale had initially been formed in Montreal, then moved to Rome in 1961. Among the members of its board of directors, we learned, was one Clay Shaw from New Orleans”. Garrison cited French researcher Paris Flammonde when he described it as “a shell of superficiality… composed of channels through which money flowed back and forth without anyone knowing the sources or the destination of these liquid assets.”

Garrison pointed out that Permindex had been kicked out of Italy, Switzerland and France for good reasons: “As for Permindex… it had, among other things, secretly financed the opposition of the French Secret Army Organization (OAS) to President de Gaulle’s support for independence for Algeria, including its reputed assassination attempts on de Gaulle.”

After naming the other pro-fascist members- many of whom were connected to European royal families and banks, Garrison then pointed to the WTC owner “One of the major stockholders of the Centro was a Major Louis M. Bloomfield, a Montreal resident… and former agent with the Office of Strategic Services, out of which the United States had formed the CIA.”

Bloomfield as Minion of the Oligarchy

Since both the World Trade Center and Permindex were owned by Bloomfield, his role in this story cannot be overlooked and takes us straight to the heart of the agenda to kill Kennedy.

Not only did Bloomfield play a key role working alongside Rhodes Scholars in Canada such as Justice Minister Davie Fulton in order to stop continental water projects advocated by JFK and Canadian pro-development leaders like John Diefenbaker, Premier Daniel Johnson and BC Premier WAC Bennett, but he also played a leading role as a founding member of the 1001 Club alongside other upper level managers of the oligarchy like Maurice Strong, Peter Munk (of Barrick Gold), and media Mogul Conrad Black. For those who may not be aware, the 1001 Club was a special Trust set up under Prince Bernhard of the Netherlands and Prince Philip Mountbatten to finance the new ecology movement as the foundation for a new global imperialism today being pushed under the framework of Cop 25 and the Green New Deal.

Philp and Bernhard were not only co-founders of the World Wildlife Fund in 1961, but were supporters of the anti-technological growth Morges Manifesto which the WWF credits as the start of the modern green movement. Bloomfield served as Vice President of the World Wildlife Fund while Prince Philip was President, and later gave the baton over to Maurice Strong. The Morges Manifesto was the first attempt to place the blame for humanity’s ills on the yearning for scientific and technological progress itself rather than the imperial traditions of inbred oligarchs.

A co-author of the Morges Manifesto and co-founder of the WWF was Sir Julian Huxley. Huxley was a leading eugenicist who laid out the intention for the new imperial movement that JFK rebelled valiantly against in his 1946 UNESCO founding manifesto when he said “even though it is quite true that any radical eugenic policy will be for many years politically and psychologically impossible, it will be important for UNESCO to see that the eugenic problem is examined with the greatest care, and that the public mind is informed of the issues at stake so that much that now is unthinkable may at least become thinkable.” The fact that dark skinned people are the most ruthlessly affected by de-carbonization schemes and “appropriate technologies” like expensively inefficient windmills and solar panels today is not a coincidence.

Open vs. Closed system Paradigms

So WHY would those founders of the ecology movement, which is today pushing a global green one world government, have wished to see President Kennedy murdered?

If I said it was because they want depopulation or world government, it would be too simple.

It were better said that JFK was self-consciously unleashing the innate powers of creative reason as a governing principle of political economy. He believed in an anti-oligarchical view of humanity as made in the living image of God and said as much repeatedly. He believed that the human mind could conquer all challenges that both nature, vice and ignorance can throw at us. JFK didn’t see the world through a zero sum lens, nor did he believe in the Malthusian “limits to growth” paradigm which his killers promulgated after his death. In fact JFK argued against Malthusianism by name.

Today, those Green New Dealing technocratic zombies pervasive across the western deep state are horrified to witness the reawakening of JFK’s spirit in the leadership of powerful leaders like China’s Xi Jinping and Russia’s Vladimir Putin who have created a new paradigm of cooperation, war avoidance, and infrastructure projects under the growing New Silk Road as well as ambitious space projects which are quickly bringing the Moon, Mars and other celestial bodies into the sphere of our economic activity.

It should also be noted that for all of his problems, President Trump has become the first American president since JFK to seriously challenge the Deep State, fire a leading FBI director, call out the military industrial complex and push for friendship with Russia and China. Kennedy’s revenge can best be achieved if the American people do everything possible to support the fight against this Malthusian cancer and push for America’s participation in that new paradigm before an economic meltdown throws America into a new Dark Age.

* * *

The author of this paper gave an extended lecture on this topic. For those who wish to investigate this important matter further, they are invited to watch “Montreal’s Permindex and the Deep State Plot to Kill JFK” below:

[youtube https://www.youtube.com/watch?v=G6ZuVa4bmoU]

Tyler Durden Fri, 11/22/2019 - 17:05

Trudeau "Open" To Handing Out Taxpayer-Funded Heroin To Vancouver Addicts

22 November 2019

Trudeau "Open" To Handing Out Taxpayer-Funded Heroin To Vancouver Addicts

With central banks doing everything in their power to make the lives of stock market junkies as easy as possible to avoid tantrums and potentially civilization-ending market crashes, it will hardly come as a surprise that politicians doing the same, and are openly pandering to all too real drug addicts in hopes of getting the junkie vote.

That appears to be the case in Canada where Vancouver mayor Kennedy Stewart said that Justin Trudeau is open to the idea of having the federal government fund the supply of heroin to junkies in Vancouver. According to True North News, Trudeau spent the day meeting with the mayors of Vancouver and Calgary, where he reportedly spoke about his openness to use taxpayer dollars to buy dangerous drugs.

Taking a page out of the stock market playbook, where traders and bank bosses come crawling to the Fed with demands for some monetary heroin every time there is even a 5% correction, Vancouver has applied for federal funding to the tune of $6 million dollars so the city can distribute clinical-grade heroin to opioid addicts. Additionally, mayor Stewart hopes that Health Canada will exempt the municipality from federal drug laws so that they can deal with the drug legally.

“We call upon health professionals, all levels of governments, and the public to join us in advocating for a safe supply of drugs,” wrote the city’s Safe Supply Statement.

While "safe" supply is a good idea... what about taxpayers being literally forced to enable deadly addictions; what about using taxpayer funds to ween addicts of the drug instead of doubling down on their self-destructive behavior? Of course, the former is difficult, the latter is easy, and meanwhile there are junkie votes to be won.

British Columbia has been the hardest hit province in the nation-wide opioid crisis. In the city of Vancouver alone, over 3,600 people have died from overdoses since the B.C. government declared a public health emergency in 2016. Needless to say, giving junkies even more - and free - heroin will hardly help reduce these terrible stats.

“(Trudeau said) that he wants to work together … and open to having a conversation and then looking to us to lead, with healthcare professionals, to try and figure out the best solutions to these problems. So I’m very encouraged by that and grateful,” said Stewart.

Vancouver was the first city in Canada to open so-called “safe injection sites” in the early 2000s, so that addicts could have access to clean needles to inject their drug of choice.

According to Mayor Kennedy, on average one person dies every single day in Vancouver from drug overdoses.

And if the government mandates free, taxpayer-funded heroin, we can be certain that this number will only increase.

Tyler Durden Fri, 11/22/2019 - 16:45 Tags Social Issues Politics

Impeachment Theater Offers Americans Glimpse Of The Unseen-Unelected Who Actually Rule Over Us

22 November 2019

Impeachment Theater Offers Americans Glimpse Of The Unseen-Unelected Who Actually Rule Over Us

Via DiogenesMiddleFinger.com,

American voters have been introduced to the idea that the elected President of the United States can be accused of "undermining" foreign policy determined by the permanent bureaucracy, which spends billions of our tax dollars but is not even slightly interested in our input.

We've been told top bureaucrats who supposedly serve at the pleasure of the president are actually entitled to their jobs and firing them is a crime, with the president presumed guilty unless he can prove he had an acceptable reason for terminating or reassigning them.

We've learned that Made Men of the bureaucratic empire and its political wing, the Democrat Party, cannot be investigated for corruption unless the most exquisite preliminary rituals are followed and the investigators can demonstrate the absolute purity of their intentions.

Outside of Impeachment Theater, we've been told it's heroic for the bureaucracy to organize "resistance" against the elected president and congressional representatives, if the Washington empire disapproves of the voters' choices.

We've discovered obscure lower-court judges can hijack entire segments of national policy on a whim. Some of these imperial proclamations have been expressly premised on the notion that American citizens have less to say about their own government than foreign nationals do.

We've learned a president the imperial bureaucracy likes can issue executive orders that cannot be reversed by presidents it disapproves of. The people are belatedly informed that some matters are settled forever on the "one man, one vote, one time" principle. The essence of self-government, the true right that matters above all others, is the right to say "no."

We've learned over the past three years that the American people no longer have that right in most cases, but their nominal employees in the federal government do. If the imperial bureaucracy makes a demand of you, good luck with trying to work up a "resistance" movement. Good luck getting any favorable attention from the media that has fused with that bureaucracy and enjoys a revolving door of employment with it. But if you, the Little People, cast votes the imperial bureaucracy doesn't like... well, watch out. They'll fight you every step of the way and spend untold millions of YOUR dollars against you. Then they'll get in front of cameras and expect you to applaud them as heroes. It was always a swindle to convince the American people that democracy serves as a failsafe check against authoritarian power.

We were fooled into thinking our government could never become dictatorial, no matter how much power it claims, because we can always vote the bums out. Guess what, kids? As we've seen since 2017, most of the power and money is controlled by people you never get to vote against. You learn that the people you don't vote for are very capable of defending their privileges against the people who DO. And you learn that far more issues than you ever suspected are considered "settled."

Tyler Durden Fri, 11/22/2019 - 16:25 Tags Politics

Stocks Suffer 'Shocking' Down Week As Fed Balance Sheet Unexpectedly Shrinks

22 November 2019

Stocks Suffer 'Shocking' Down Week As Fed Balance Sheet Unexpectedly Shrinks

In case you wondered why stocks fell this week - after six straight weeks higher in the face of disappointing economic data - it's simple... The Fed balance sheet unexpectedly contracted for the first time in weeks.

Source: Bloomberg

It's been a mad week...

[youtube https://www.youtube.com/watch?v=5DU1B_XkyIk]

The market-implied odds of a US-China trade deal slipped back below 50% today...

Source: Bloomberg

Chinese markets were mixed with ChiNext and Shenzhen managing to cling to gains but the rest in the red as trade-deal hope faded...

Source: Bloomberg

As election uncertainty fades (Johnson looks like winning by a landslide), UK's FTSE was the only major EU stock market green this week...

Source: Bloomberg

After six straight weeks higher (7 for Nasdaq), US equity markets stunningly closed red for the week... DO NOT PANIC!

Trannies were the week's laggards with the rest of the US majors all down around 0.4% on the week...

Stocks were shockingly red this week despite an epic short-squeeze today...

Source: Bloomberg

As Nomura's Charlie McElligott warned (and nailed perfectly), gamma around S&P 3,100 was all that mattered this week for price action...

Credit continues to decouple from stocks since the start of November...

Source: Bloomberg

A mixed picture this week with the short-end of the curve higher in yield and long-end lower...

Source: Bloomberg

30Y Yields have collapsed in the last two weeks, back down to key support once again...

Source: Bloomberg

Additionally, the 'breakout' of the year's down-trend channel in 10Y has failed to spark more selling (and it is hovering at the intersection of critical technical levels)...

Source: Bloomberg

The Treasury curve (3m10Y) has flattened a dramatic 20bps in the last two weeks (after 5 straight weeks of steepening), the biggest such flattening since May...

Source: Bloomberg

And the 2s10s curve has broken down from its uptrend channel...

Source: Bloomberg

As BMO's rates-desk notes:

If the 2s/10s curve is unable to steepen above the YTD high of 30.8 bp or reinvert below the -6.6 bp low, this 37.4 bp zone will be the tightest annual rage in history. A fact all the more remarkable given that 10s themselves have traded in a 137 bp range. At a high level this indicates that a shift in the structural level of interest rates has been the dominating theme in 2019. Lower for longer reflecting middling growth prospects and concerns about monetary policy effectiveness are powerful influences in the background; the past 24 hours have been a decent case in point.

And Treasury 'VIX' is testing back to its lowest since May...

Source: Bloomberg

The dollar lurched higher today, pushing for recent highs...

Source: Bloomberg

As the dollar rallied, offshore yuan faded this week...

Source: Bloomberg

Crypto carnage after China cracks down on local exchanges...

Source: Bloomberg

Bloodbath in Bitcoin this week...

Source: Bloomberg

Despite a rally in the dollar this week, commodities ended modestly positive (apart from gold's small drop)...

Source: Bloomberg

WTI has traded in an upward channel for a while with chaotic trading this week to get back to $58 by the close...

And finally, it's not the fun-durr-mentals...

Source: Bloomberg

...it's Fed liquidity, Stupid!

Source: Bloomberg

And don't forget, it has never cost more (1175 hours of 'average' work) to buy the stock market than it currently does...

Source: Bloomberg

Oh, and Mayor Pete is now beating Biden...

Source: Bloomberg

Tyler Durden Fri, 11/22/2019 - 16:00 Tags Business Finance

The Crown Season 3: Andrew wears 'Prince George's coat'

22 November 2019

The Crown filmed a scene at St Mark's Church, Englefield, Berkshire where the Cambridges celebrated Christmas three years ago, and even gave Prince George a nod by featuring his coat.

Boris Johnson faces barbs over 'telling the truth' on Question Time

22 November 2019

Boris Johnson's appearance on the BBC's flagship show began with an immediate challenge over how important it is to 'tell the truth'.

Boris Johnson and Jeremy Corbyn face Question Time audience

22 November 2019

Jeremy Corbyn is running the gauntlet of the flagship BBC show, with just three weeks to go until the country goes to the polls.

Hilarious moment dog accidentally knocks car into reverse and drives around in circles for an hour

22 November 2019

A man in Port St Lucie, Florida, left his car unattended for a moment on Thursday and his dog accidentally knocked the gear lever into reverse and drove around in circles for an hour.

Sue from Leeds whose election debate question brought down Prince Andrew is an ardent monarchist

22 November 2019

EXCLUSIVE: Sue Hepworth has claimed she put the question - 'Is the monarchy fit for purpose?' - forward to be used by host Julie Etchingham as she grilled Jeremy Corbyn and Boris Johnson.