Full Audio of Harvard Confrontation – Clinton Campaign -vs- Trump Campaign…


To fully understand the level of angst still permeating the failed Hillary Clinton campaign team, it is wise to remember they were so entirely overconfident they actually rented out the entire Javi…

Source: Full Audio of Harvard Confrontation – Clinton Campaign -vs- Trump Campaign…

The national media was under the influence of the Hillary campaign and they assumed that the American Women would elect her only because she was a woman. What they failed to see was the the middle class had been decimated by the politics of the Democrat’s and half of those families were women. Trumps message also brought in more minorities that did either of the past to Republicans that lost to Obama. So it would seem to me that the Trump message (That Hillary was corrupt) worked and he won. Hillary lost the election because of her past actions and then lying about what she did.

2016-election-001

BREAKING – Officer Michael Slager – Jury Deadlocked…


The jury in the case against Officer Michael Slager is deadlocked. No decision was able to be reached. The judge has provided an Allen Charge giving the jury a final instruction to go back and deli…

Source: BREAKING – Officer Michael Slager – Jury Deadlocked…

Government authorized propaganda supported by a corrupt media allows this situations to get out of hand. The bottom in in almost all these “Case” is the perp was resisting arrest attacking the officer. Why any sane person would do that is beyond me!

2016-election-001

“A Watershed Month” – November Sees Greatest “Asset Rotation” Since 2013


Tyler Durden's picture

The final November fund flow numbers are in, and as BofA’s Michael Hartnett puts it, November, it was a “watershed” month for fund flows with the largest 5-week
bond outflows in three and a half years at $10 billion…

… the largest 3-week precious metals outflows
in 3.5 years…

… and the largest 5-week equity inflows since October 2013 at $34.5 billion.

Focusing on just the last week, the “Trumpflation rotation” out of bonds and into stocks continued, with $4.4 billion in bond outflows, $0.6 billion precious metals outflows vs $1.2 billion in  equity
inflows according to Bank of America, which writes that investor flows have stabilized following violent post-US election flows; In fact, a mini revulsion may already be forming with the first TIPS outflows in 6 months, first EM equity inflows in 5 weeks, first HY bond inflows in 5 weeks and first utilities inflows in 5 weeks.

Some further observations from Hartnett who notes that while November was “Fast & Furious” there was no Euphoria: despite the strongest 4-week equity inflows in 2 years, a sharp drop in FMS cash to 5.0% and a big US equity rally, our sentiment signals have actually shifted in a more contrarian bullish direction in recent weeks. In fact, our BofAML Bull & Bear Indicator has fallen to 3.0, the lowest reading in 4 months, on the back of big redemptions from high-beta EM equity funds, EM debt funds & HY bond funds.

Broken down by asset class shows that the trend of flows out of active managed funds and into ETFs continued:

  • Equities: small $1.2bn inflows (note $6.3bn ETF inflows vs $5.2bn outflows from mutual funds)
  • Bonds: $4.4bn outflows (5 straight weeks = longest streak in 14 months)
  • Precious metals: $0.6bn outflows (3 straight weeks)

Looking only at Equity Flows:

  • Europe: $2.0bn outflows (largest in 11 weeks)
  • US: $4.4bn inflows (4 straight weeks)
  • EM: ekes out first inflows in 5 weeks (albeit small $0.1bn)
  • Japan: small $0.1bn inflows
  • By sector: 10 straight weeks of financials inflows ($0.6bn); 4 straight weeks of REITs outflows ($0.1bn)

And then fixed income, which saw 5 straight weeks of outflows from muni bond funds ($1.6bn)

  • 4 straight weeks of outflows from IG bond funds ($2.4bn)
  • 4 straight weeks of outflows from EM debt funds (albeit small $0.1bn)
  • 3 straight weeks of outflows from govt bond funds ($0.7bn)
  • First TIPS outflows in 25 weeks ($0.3bn)
  • First HY bond inflows in 5 weeks ($0.6bn)
  • Inflows to bank loan funds in 20 of past 22 weeks ($0.6bn)

However, it may all go just as fast as it came: according to Bloomberg, U.S. global-focused ETFs saw a net $742.5m of capital outflows on Dec. 1 – the funds have shrunk a net $1.5b in the past five days. Investors have put a net $23.3b into the funds in 2016. Should the risk-off sentiment persist, more outflows are likely.

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


Tyler Durden's picture

So much for that much anticipated rebound in the participation rate.

After it had managed to post a modest increase in the early part of the year, hitting the highest level in one year in March at 63%, the disenchantment with working has returned, and the labor force participation rate had flatlined for the next few month, ultimately dropping in November to 62.7%, just shy of its 35 year low of 62.4% hit last October. This can be seen in the surge of Americans who are no longer in the labor force, who spiked by 446,000 in November, hitting an all time high of 95.1 million.

As a result of this the US labor force shrank by 226,000 to 159,486K, down from 159,712K a month ago, and helped the unemployment rate tumble to 4.6%, the lowest level since August 2007.

Adding the number of unemployed workers to the people not in the labor force, there are now over 102.5 million Americans who are either unemployment or no longer looking for work.

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


Tyler Durden's picture

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 with the annual increase growing by a far more modest 2.5% than the 2.8% expected.

The change in total nonfarm payroll employment for September was revised up from +191,000 to +208,000, but the change for October was revised down from +161,000 to +142,000. With these revisions, employment gains in September and October combined were 2,000 less than previously reported. Over the past 3 months, job gains have averaged 176,000 per month.

One red flag in the report was the 4,000 drop in manufacturing workers, worse than the -3,000 expected, and following last month’s -5,000 print. Also of note, workers unable to work due to bad weather according to the BLS were 19K in Nov. The historical average for Nov. is 72k employees cannot work due to poor weather conditions.  Another 113k workers who usually work full-time could only work part-time due to the weather last month.


The reason for the steep drop in the unemployment rate is that while the number of employed rose from 151,925K to 152,085K, coupled with a decline in the number of unemployed by 387K, the number of people not in the labor force soared to 95.055 million, a new all time high, which in turn pressured the labor force participation rate to 62.7%, the lowest since June and just shy of the 30 year low.

But as noted above, the biggest surprise was the negative print in the average hourly earnings which declined by 0.1%, the first negative print in 2016 and the wrst print since 2014.

More details from the report:

 Total nonfarm payroll employment rose by 178,000 in November. Thus far in 2016, employment growth has averaged 180,000 per month, compared with an average monthly increase of 229,000 in 2015. In November, employment gains occurred in professional and business services and in health care.

Employment in professional and business services rose by 63,000 in November and has risen by 571,000 over the year. Over the month, accounting and bookkeeping services added 18,000 jobs. Employment continued to trend up in administrative and support services (+36,000), computer systems design and related services (+5,000), and management and technical consulting services (+4,000).

Health care employment rose by 28,000 in November. Within the industry, employment growth occurred in ambulatory health care services (+22,000). Over the past 12 months, health  care has added 407,000 jobs.

Employment in construction continued on its recent upward trend in November (+19,000), with a gain in residential specialty trade contractors (+15,000). Over the past 3 months, construction has added 59,000 jobs, largely in residential construction.

Employment in other major industries, including mining, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, financial activities, leisure and hospitality, and government, changed little over the month.

The average workweek for all employees on private nonfarm payrolls was unchanged at 34.4 hours in November. In manufacturing, the workweek declined by 0.2 hour to 40.6 hours, while overtime was unchanged at 3.3 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged at 33.6 hours.

In November, average hourly earnings for all employees on private nonfarm payrolls  declined by 3 cents to $25.89, following an 11-cent increase in October. Over the year, average hourly earnings have risen by 2.5 percent. Average hourly earnings of private-sector production and nonsupervisory employees edged up by 2 cents to $21.73 in November.

JFK Assassination – Unintended Victim?


jfk-assassination

There is another side to the JFK assassination that does not actually negate some of the conspiracies that surround CIA or military involvement. It may actually expose that Oswald was the patsy who was out to kill John Connally, not JFK. Nevertheless, the events are still clouded by bureaucrats.

After Lee Harvey Oswald delivered those fatal shots in Dallas, a Secret Service officer named Mike Howard was dispatched to Oswald’s apartment. Agent Howard found a little green address book. In this book on page 17, under the heading, “I WILL KILL,” Oswald listed four men: James Hosty, an FBI agent; Edwin Walker, a right-wing general; and Vice President Richard Nixon. However, at the very top of that list was the governor of Texas, John Connally, where Oswald drew a dagger with blood drops dripping downward. Oswald motive was that he had written to Connally asking for help and got the typical bureaucratic reply letter.

Agent Howard turned that book over to the FBI investigating the case. Only later did he find out that someone tore that very page out of the book. Why? Was JFK assassinated by government agents and they needed Oswald for the patsy? Oswald’s wife, Marina, in her testimony to the Warren Commission, named Connally, and not Kennedy, as her husband’s target. Marina has also testified before the U.S. House Select Committee on Assassinations in 1978, repeating this same story about Connally. Oswald was obsessed with Connally, but testimony showed that he admired JFK’s important initiatives like the president’s efforts at detente with Russia. So the plot becomes interesting when one asks, “Why was that page torn out of the little green book?”

Bleeding Borders Must Stop!


The invasion from the south must be stopped and sealing the border with the US military is a viable option.

Populist-Nationalist Tide Rolls On


If all the old progressives get thrown out maybe there is hope!

Trump Effect – Mexico’s Central Bank Chief Resigns…


Media reports of Agustin Carstens resignation as chief of Mexico’s central bank have left MSM pundits and even business analysts scratching their heads. It appears no-one has any idea why Car…

Source: Trump Effect – Mexico’s Central Bank Chief Resigns…

trump-standing-in-gap41122111211

Trump Confirms Retired Marine General “Mad-Dog” Mattis Will Be America’s Next Secretary Of Defense


Tyler Durden's picture

Update: Speaking during an Ohio “thank you” rally, Donald Trump just confirmed that James “Mad Dog” Mattis will be America’s next Secretary of Defense.

*  *  *

President-elect Donald Trump has chosen 66-year-old retired Marine General James N. “Mad-Dog” Mattis to be secretary of defense, according to The Washington Post.

An announcement is likely by early next week, according to the people familiar with the decision. Mattis declined to comment. Spokespersons for Trump’s transition team did not respond to requests for comment.

 Mattis, 66, retired as the chief of U.S. Central Command in spring 2013 after serving more than four decades in the Marine Corps. He is known as one of the most influential military leaders of his generation, serving as a strategic thinker while occasionally drawing rebukes for his aggressive talk. Since retiring, he has served as a consultant and as a visiting fellow with the Hoover Institution, a think tank at Stanford University.

Mattis has also gotten cheers from veterans and Trump supporters online, in the form of celebratory memes dubbing him the Patron Saint of Chaos (Chaos was Mattis’s call-sign in Iraq and Afghanistan), praising his lethal “double knife hands,” and saying that he “Puts the Laughter in Manslaughter.”

Mattis gets the nod ahead of a notable group who were up for the top role..

  • * David Petraeus, former CIA director and retired Army general
  • * Tom Cotton, Republican U.S. senator from Arkansas
  • * Jon Kyl, former Republican U.S. senator from Arizona
  • * Duncan Hunter, Republican U.S. representative from California and early Trump supporter, member of the House Armed Services Committee
  • * Jim Talent, former Republican U.S. senator from Missouri who was on the Senate Armed Services Committee
  • * Rick Perry, former Republican Texas governor
  • * Stephen Hadley, former national security adviser under President George W. Bush

His bio – as one would expect – is impressive…(apart from the Theranos aspect) (via The Intercept)

Mattis is exactly what Trump is not, a soldier-scholar who knows something of the wider world.

Now 66 years old, Mattis was born in Walla Walla, Washington. His lifelong bachelordom is the source of one of his many nicknames: “warrior-monk.” He served in every major U.S. Middle Eastern conflict from the first Iraq War on. In 2001, as a one-star general, he led 4,000 Marines in a search for Osama bin Laden near the Afghanistan/Pakistan border. In 2004, as a two-star, he led a Marine division into the second battle for Fallujah. He went on to lead combatant commands at the Pentagon and NATO, culminating in two years as the head of Central Command under President Barack Obama, reportedly leaving after disagreeing with Obama’s policy on Iran.

Shortly before his departure, Mattis appears to have weighed in with the Pentagon on behalf of Theranos, Elizabeth Holmes’s troubled biotech firm. He later joined the company’s board. Should Trump nominate Mattis, emails between Mattis and Holmesare likely to come up during his Senate confirmation hearing.

Professor Richard Kohn, a military historian at the University of North Carolina, called Mattis “loyal and discreet. He doesn’t talk out of school. He seeks out top people, and people like working for him.” Trump, Kohn continued, “is going to be advised by a National Security Advisor [Flynn] with some deep flaws. I think that having a legendary and respected retired general in charge of Defense makes a great deal of sense.”

“I think he would be an outstanding candidate,” Michèle Flournoy, widely believed to be Hillary Clinton’s frontrunner for secretary of defense, told NPR. In 2010, Seth Moulton, a decorated Marine captain who served in Iraq, praised Mattis as one of the “leaders who can speak the truth, who aren’t just constrained by the politics of the moment.” Moulton is now a Democratic congressman representing the Sixth District of Massachusetts.

Mattis has also gotten cheers from veterans and Trump supporters online, in the form of celebratory memes dubbing him the Patron Saint of Chaos (Chaos was Mattis’s call-sign in Iraq and Afghanistan), praising his lethal “double knife hands,” and saying that he “Puts the Laughter in Manslaughter.”

Indeed, Mattis is famous for speaking bluntly when it comes to describing the military’s primary function — killing the enemy — and for whistling about his work. He has lived down an eleven-year-old gaffe where he described killing as “a lot of fun, … a hell of a hoot,” but has never backed off from the stance that the military’s core function is not peacekeeping or humanitarian missions but war-fighting. He is widely credited with popularizing the motto of the 1st Marine Division — “No Better Friend, No Worse Enemy” — and turning it into a basic tenet of counterinsurgency doctrine. His letter to the division on the eve of the 2003 invasion is a cool-headed exhortation to “close with those forces that choose to fight, and destroy them.”

William Treseder, a former Marine who now advises startups, said that Mattis is skilled at injecting a fighting spirit into mundane jobs. “The enemy should quiver in fear every time you sign a contract,” was Mattis’s advice to a fellow soldier working in procurement, Treseder said

While Mattis briefly flirted with his own 2016 presidential run, he chose not to leap into politics with the gusto of Flynn or retired Gen. John Allen, both of whom delivered fire-breathing speeches at this year’s major-party conventions. Adm. Mike Mullen, the former chair of the Joint Chiefs of Staff, criticized both Flynn and Allen at a panel discussion last week for injecting politics into the military.

“Too many times when you see retired military individuals … take a very strong political stance, that sends the wrong message to America,” Mullen said. “It sends the wrong message back inside our military. Because it teaches our young ones that it’s okay. And it’s not okay; … it’s a fundamental principal of the United States of America that the military has got to stay apolitical.”

Keeping the military out of politics and under civilian control is one reason that the 1947 National Security Act requires that officers be out of military service for ten years before assuming the mantle of secretary of defense. In 2008, Congress lowered the waiting period to seven years. Congress granted a waiver to Gen. George Marshall, President Truman’s third secretary of defense, in 1950. Mattis would need his own congressional waiver to serve under Trump.

If Mattis and Trump still have disagreements to smooth over, the treatment of Gold Star families, whose children have died fighting for the U.S., would likely be one of them. During the campaign, Trump suffered a blistering attack from the family of Army Capt. Khizr Khan. He chose to push back, suggesting that Khan’s mother was not allowed to speak at the Democratic National Convention. He also appeared to draw an equivalence between his own struggles in business and the sacrifice made by the Khan family.

“I’ve made a lot of sacrifices,” Trump said in an interview with ABC News. “I work very, very hard.”

Trump’s words may have served to aggravate a trend that Mattis pointed out in an anthology he recently co-edited about the military-civilian relationship in the U.S., which describes the “atrophying” of empathy for Gold Star families. “What had been a more common experience of loss in previous wars now tends to be an isolating experience for families,” Mattis wrote, with his co-editor.

Should Mattis join the cabinet of such an unusual commander-in-chief, one of his challenges will be to balance the roles of servant and tutor.

Finally, here are 16 quotes (via FreeBeacon) to get a better feel for “mad-dog”…

1. “I don’t lose any sleep at night over the potential for failure. I cannot even spell the word.”

(San Diego Union Tribune)

James Mattis

AP

2. “The first time you blow someone away is not an insignificant event. That said, there are some assholes in the world that just need to be shot.”

(Business Insider)

3. “I come in peace. I didn’t bring artillery. But I’m pleading with you, with tears in my eyes: If you fuck with me, I’ll kill you all.”

(San Diego Union Tribune)

4. “Find the enemy that wants to end this experiment (in American democracy) and kill every one of them until they’re so sick of the killing that they leave us and our freedoms intact.”

(San Diego Union Tribune)

Flickr

Flickr

5. “Marines don’t know how to spell the word defeat.”

(Business Insider)

6. “Be polite, be professional, but have a plan to kill everybody you meet.”

(San Diego Union Tribune)

7. “The most important six inches on the battlefield is between your ears.”

(San Diego Union Tribune)

8. “You are part of the world’s most feared and trusted force. Engage your brain before you engage your weapon.”

(Mattis’ Letter To 1st Marine Division)

Mattis in 2006 / Flickr

Gen. Mattis in 2006 / Flickr

9. “There are hunters and there are victims. By your discipline, cunning, obedience and alertness, you will decide if you are a hunter or a victim.”

(Business Insider)

10. “No war is over until the enemy says it’s over. We may think it over, we may declare it over, but in fact, the enemy gets a vote.”

(Defense News)

11. “There is nothing better than getting shot at and missed. It’s really great.”

(San Diego Union Tribune)

12. “You cannot allow any of your people to avoid the brutal facts. If they start living in a dream world, it’s going to be bad.”

(San Diego Union Tribune)

Gen. Mattis and Gen. Dempsey / Flickr

Gen. Mattis and Gen. Dempsey / Flickr

13. “You go into Afghanistan, you got guys who slap women around for five years because they didn’t wear a veil. You know, guys like that ain’t got no manhood left anyway. So it’s a hell of a lot of fun to shoot them. Actually it’s quite fun to fight them, you know. It’s a hell of a hoot. It’s fun to shoot some people. I’ll be right up there with you. I like brawling.”

(CNN)

14. “I’m going to plead with you, do not cross us. Because if you do, the survivors will write about what we do here for 10,000 years.”

(San Diego Union Tribune)

15. “Demonstrate to the world there is ‘No Better Friend, No Worse Enemy’ than a U.S. Marine.”

(Mattis’ Letter To 1st Marine Division)

16. “Fight with a happy heart and strong spirit”

(Mattis’ Letter To 1st Marine Division)