The new normal - Ramp on a rumor and give little back when the news was no news after all. I hope everyone had a great Thanksgiving holiday. I enjoyed being away from all the news for a few days. Sadly, nothing has changed and if took about an hour to be welcomed back to reality this morning.
Welcome back to reality -
Presented without Shanktification as the headlines flow just fine on their own.
Calculated Risk: Wolfgang Münchau: "Only days to avoid collapse" of eurozone, Currency Market prepares for breakup
Moody's: "The Probability Of Multiple Defaults By Euro Area Countries Is No Longer Negligible" | ZeroHedge
Britain draws up emergency plans for collapse of Euro as warnings Italy needs £500bn bailout | Mail Online
"The Fed and Congress are complicit. They're both in what would be called a "deadly embrace" if it was adversarial in some fashion but it is not. In point of fact The Fed is the sole enabler of Congressional and Executive overspending, which in turn allows pretending that our "economy" is somehow healthy or recovering and that the "programs" put forward by the Government have "helped" our economy." Fed "Secrecy" Slowly Falls... in [Market-Ticker]
All flowing nicely to my collapse/last easing call - Fitch Revises US Outlook To Negative | ZeroHedge
80% Of Bond Managers Expect QE3 In 2012, Says JPMorgan | ZeroHedge
SocGen Sees $600 Billion QE3 Starting In March 2012 Sending Gold Up Between $1900 And $8500/Oz | ZeroHedge. STB says SG has got it wrong, this round of QE will be MASSIVE!
The coming strike Wednesday in Britain - Public sector pensions strikes: 2/3 of schools to shut, airport chaos, Army on standby | Mail Online
Iran/Pakistan War -
Pakistan gives US 2-week ultimatum to abandon 'secret' airbase and closes border | Mail Online
"Defense minister Vahidi tells army volunteers 'Israel has to be punished for what it has done to the Muslims in Palestine'" Iran: We'll fire 150,000 missiles at Israel if attacked - Israel News, Ynetnews
"A massive blast at a missile base operated by Iran’s Revolutionary Guard Corps nearly two weeks ago was the latest in a series of mysterious incidents involving explosions at natural gas transport facilities, oil refineries and military bases — blasts that have caused dozens of deaths and damage to key infrastructure in the past two years." Mysterious explosions pose dilemma for Iranian leaders - The Washington Post
"So the question stands: is Iran being systematically attacked with the news being covered up for fear that it can not retaliate and thus seem week; is it being sabbotaged on a weekly basis, or is everything just one big media disinformation campaign designed to provoke Iran to lash out? We will probably know very soon," Satellite Image Confirms Iranian Missile Base Was Destroyed | ZeroHedge
Obummer Bashing (cause it would never feel right not to) -
Sorry whitey, you are not on Obummer's radar and he apparently could care less if you vote for him or not. STB told you they would divide the nation this election year, so why bother keeping it a secret? "But preparations by Democratic operatives for the 2012 election make it clear for the first time that the party will explicitly abandon the white working class." The Future of the Obama Coalition - NYTimes.com
This is not Obummer related, but belongs in the political section. Possibly some of the best political news we have had in years - Apparently "redistricting" was an issue here, shuh, right - Rep. Frank won’t run for reelection - The Hill's Ballot Box
Police State -
Ever wonder why I put this section here, or are you one of the ones that never reads this section? Please take the time to read this, "The Senate is gearing up for a vote on Monday or Tuesday that goes to the very heart of who we are as Americans. The Senate will be voting on a bill that will direct American military resources not at an enemy shooting at our military in a war zone, but at American citizens and other civilians far from any battlefield — even people in the United States itself." Congress to Vote Next Week on EXPLICITLY Creating a Police State
STB has previously reported on this numerous times - Cell Phones Are Tracking Devices That Governments, Police, Big Corporations And Stalkers Can Use To Easily Track Your Movements
Must watch video - What if the Constitution no longer applied?
Chart of the Day -
Weekly Target -
Remember the Reason for the season!
GL and GB.