Over the weekend, when citing from an excerpt of the latest Wall Street Week episode, we revealed what to Kyle Bass was the "best investment for the next 3-5 years": the energy space. Bass added he was agnostic as to what subsector of energy one should invest in: whether it is infrastructure, pipelines, producers, upstream, downstream, he believes that there are places in the cap structure of each of these where once can put new capital and generate substantial returns.

Away from the endless chattering of talking heads proclaiming that "they do not see any recession on the horizon" despite the manufacturing segment of the economy collapsing, JPMorgan notes that in fact the three best leading indicators for recession are: Credit spreads, yield curve shape, and profit margins. Unfortunately for The Fed and its congregation, JPM warns credit spreads are not giving a positive signal.

Submitted by Thad Beversdorf via FirstRebuttal.com,

Let me say it has been a couple months since I’ve felt compelled to post which may account for the length of this latest piece but I hope and believe most will find it worth the full read.  A coffee and 10 minutes (ok maybe 15…) are a perfect compliment to this piece.

Three quarters of pupils from a Blackpool school failed to show up for the first day of the new term after a terror message was posted online, threatening a gun massacre at the school by an unknown Facebook user. Officials say that the school is safe for students to return back to class. Some students may require counselling before they return.  The police are investigating the threats and guarding the school.

Saudi Arabia’s execution of a prominent political leader of the monarchy’s Shiite minority has worsened Mideast tensions and is forcing the Obama administration to decide if there are any limits to the outrages that the longtime U.S. “ally” may commit, as Trita Parsi explains. By Trita Parsi There should be little doubt that Saudi Arabia wanted to…