http://www.armstrongeconomics.com/archives/41005

"David Cameron is perhaps the WORST Conservative in British History. He is doing everything possible to remain in league with Brussels. Cameron’s comment after rigging the Scottish vote to ensure Scotland could not leave the UK was shocking. He said the vote settled the question for “for a generation” revealing his pro-government posture and anti-Democratic undertone. This posture goes all the way to agree with Brussels, and Cameron’s arrogance (video of his speech) was just stunning. His promise for a referendum to leave the EU was a bullshit ploy he never expected would actually stand a chance to win."

"We will see Britain facing a tremendous political upheaval as we approach 2017. We have warned that a year-end closing for the pound below 147 will warn the currency is preparing to crash. We have additional year-end sell signals at 146.15 and 140.50. The ONLY POSSIBLE HOPE TO SAVE BRITAIN will be Nigel Farage. Both Labour and Conservatives have simply lost their minds."   Martin Armstrong

http://wolfstreet.com/2015/12/27/i-was-asked-whatever-happened-to-inflation-after-all-this-money-printing/

"The Fed keeps a hawk’s eye on wages, especially in the lower 80% of the workers. Its goal is to provide cheap labor to corporate America. And when wage inflation ticks up, the Fed can get quite radical about rate increases.
But because cheap labor makes for bad consumers, the Fed is trying to make cheap debt available to them, turning them into debt slaves, problem solved, for the moment.
So this is one lesson we learned: QE channeled to financial and corporate entities causes asset price inflation, not consumer price inflation. And it tends to exacerbate wage deflation at the lower 80% of households.
One of the exceptions is rent. When residential property prices soar, rents tend to follow. And rents have increased sharply in many cities. But unlike stocks, people have to live in these units, and when rents move beyond their reach, all kinds of things happen, including property price crashes."

http://traderfeed.blogspot.co.uk/2015/12/trading-with-creativity-finding.html

"One trader thinks about the stock market for 2015, pulls up a chart of the ES futures or SPY ETF, and declares the environment as hopelessly "choppy", with no good trends to trade.  Another trader breaks the market into sectors per the FinViz graphic below

and sees a rotational environment during 2015, with plenty of trends when one sector is traded against another.  "

chart and script by Chris Vermeulen from blog "The Gold and Oil Guy"

Dax

If this is correct early 2016 should see a  vicious C wave down

SPY

a doji formed on Wednesday at the 200 dma.There is a possible 3rd LH but also a bullish island reversal.For short term traders,bullish whilst above the ma's,bearish below

http://www.washingtonsblog.com/2015/12/dont-change-way-money-created-distributed-change-nothing.html

"In the current system, money is created by central and private banks at the top of the wealth/power pyramid, and distributed within the top of the wealth pyramid. The only possible output of this system is rising wealth inequality and debt-serfdom for three reasons:

1. Those with first access to nearly free money can outbid savers and serfs who must borrow at much higher rates of interest to snap up income-producing assets. In effect, borrowing unlimited sums at near-zero rates guarantees that those with this privilege have a built-in advantage in buying income-producing assets. The only possible output of this system is the rich get richer as they buy up all the most profitable and lowest-risk income-producing assets.
2. Those who can borrow virtually unlimited sums at less than 1% interest skim vast wealth by loaning the money out to everyone below the top of the pyramid at 4% (mortgages), 8% (other loans), and 18% (credit cards). This funnels much of the national income stream to those who can borrow cheap and lend the money at much higher rates.
3. Since the wealthy already own most of the income-producing assets, the easiest way to boost their wealth is to bid up those assets with cheaply borrowed money. For example, borrowing $100 million and using it for stock buybacks leverages the value of the shares by far more than $100 million."

to me this is the most important message that needs to be got out there to the public and to our public representatives.....without it,political discussion is pointless and ineffectual