From @zerohedge

  • US Equities Are No Longer 'Cheap' To Bonds

    For almost 7 years, asset-gatherers and commission-takers have exclaimed "There Is No Alternative" to stocks, given how low interest rates are. However, given the recent buying-panic in stocks, TINA is now dead BAB is back (Bonds Are Better)...

    In a sign the U.S. equity rally may be looking stretched, Bloomberg notes that the forward dividend yield on the S&P 500 has dropped below the return on Treasuries for the first time since 2011.

    Shares in Europe and Japan, by contrast, continue to...


  • No One Wants the Internet of Things …

    We’ve previously noted that no one wants the Internet of Things aka "IoT" (except Big Brother and a handful of companies which are trying to make a quick buck off of us).

    For months, I’ve taken screenshots of IoT stories run by the very mainstream Business Insider.

    What they show is that Business Insider readers ignore every single IoT story. Specifically, there is no interest in any IoT story … and even stories posted at the exact same time or after IoT stories get more interest (compare the...


  • "Everything's Great!"

    Authored by Kevin Muir via The Macro Tourist blog,

    So much for that call. I thought there was no way Yellen would put her fingers in her ears, close her eyes, and shout “nah nah nah - I can’t hear you” to the speculative fervour that has gripped markets. Well, there is no way to couch it. I was wrong.

    In her last press conference, Yellen focused on all the positives.

    Stocks are elevated, but economists have no way of determining if they are too elevated.

    Bitcoin is going nuts, but it’s not a...


  • Stocks Sink As Tax-Reform-Deal Anxiety Rises

    With McCain in hospital and now Lee and Rubio questioning the child-care credit, markets are showing some anxiety about just how "done deal" this deal really is...

    GOP SENATOR LEE UNDECIDED WHETHER TO SUPPORT TAX BILL; SEEKS CHANGES TO CHILD TAX CREDIT - AIDE: RTRS

    LEE AND REPUBLICAN SENATOR RUBIO WANT TO MAKE MORE OF CHILD TAX CREDIT REFUNDABLE-AIDE

    The reaction is clear...

    And the High Tax companies are continuing to see profit-taking...


  • FCC Votes To Repeal Obama-Era Net Neutrality Protections

    Update: House Speaker Paul Ryan (R-WI) issued the following statement following Federal Communications Commission (FCC) Chairman Ajit Pai’s actions to undo net neutrality regulations:

    “Despite its unassuming name, the Obama administration’s net neutrality regulation threatens the free and open internet that has done so much to advance modern society. The Trump administration’s action to roll back this egregious government overreach into the most innovative space will benefit all users of the...


  • Robots Purge Homeless From San Francisco Sidewalks

    As the homeless crisis on America’s West Coast forces many cities to the financial brink, one innovative animal shelter in San Francisco is using a low cost, high-tech robot security guard to shoo away the homeless outside its facilities, the San Francisco Business Times reported.

    The San Francisco branch of the SPCA (the Society for the Prevention of Cruelty to Animals) contracted Knightscope to provide a k5 robot (the same model which in July commited suicide at a mall fountain) for securing...


  • Paul Ryan Reportedly Retiring After 2018 Midterms; Speaker Denies

    According to a Politico report, House Speaker Paul Ryan is considering retiring after the 2018 midterms. In the report, Ryan has allegedly told his “closest confidants” that his current term as speaker will be his last:

    Despite several landmark legislative wins this year, and a better-than-expected relationship with President Donald Trump, Ryan has made it known to some of his closest confidants that this will be his final term as speaker. He consults a small crew of family, friends and...


  • FCC Hearing Evacuated Before 'Net Neutrality' Vote Due To Security Threat

    With Ajit Pai apparently having the votes required to overturn the Obama-era net neutrality protections, the FCC hearing has been evacuated due to a security threat.

    The chairman was handed a piece of paper and immediately evacuated the meeting...

    BREAKING: FCC meeting room evacuated ahead of net neutrality vote for security reasons; K9s making sweep pic.twitter.com/RhiQK9yEMs

    — Breaking911 (@Breaking911) December 14, 2017

    Bomb-sniffing dogs are searching the room and the halls.

    Reporters and...


  • US F-22s Fire Warning Flares At Russian Su-25 Jets In Near Incident Over Syria

    On Saturday, the Russian Defense Ministry reported an "Incident" had taken place involving a USAF F-22 over Syria which according to the Russians "actively prevented the Russian pair of Su-25 attack aircraft from carrying out a combat mission to destroy the Daesh stronghold in the suburbs of the city of Mayadin in the airspace over the western bank of the Euphrates River on November 23" with the The F-22 firing off heat flares and released brake shields with "permanent maneuvering, imitating an...


  • What are Rights? Do Rights Even Exist?

    Via The Daily Bell

    What is a right? Do rights exist? They are intangible, yet philosophical constructs can be real.

    A right defines a state of being; it describes a condition. “Right of way,” is how we describe who has first use of a road. People can certainly ignore the concept of a right of way. But that doesn’t void the concept. Right of way still serves as a tool to establish who is liable should a car accident occur.

    In the same way, a right serves as a natural basis for who is wrong in a...


  • Dear Janet Yellen: Here Is Your Own Watchdog Warning About Financial Stability Risks In "Red And Orange"

    In the most interesting exchange during Janet Yellen's final news conference, CNBC's seemingly flustered Steve Liesman asked Janet Yelen a question which in other times would have led to his loss of FOMC access privileges: "Every day it seems the stock market goes up triple digits on the Dow Jones: is it now, or will it soon become a worry for the central bank that valuations are this high?"

    Yellen's response was predictable, colorfully so in fact.

    Of course, the stock market has gone up...


  • Judicial Watch President: "Forget Mueller," The Real Question Is "Do We Need To Shut Down The FBI?"

    Echoing the thoughts that are undoubtedly running through the minds of many Americans following startling revelations of an "insurance policy" crafted by FBI agents Andrew McCabe and Peter Strzok to prevent a Trump presidency at all costs (something we covered here: FBI Texts Reveal "Insurance Policy" To Prevent Trump Presidency), Judicial Watch President Tom Fitton appeared on Fox News last night to say it's time to move beyond discussing whether or not it's appropriate to shut down Special...