And the hits just keep on coming. In a double-whammy for investors hoping to catch Chipotle's falling-knife, the mexican fast-food restaurant reports a 30% collapse in same-store-sales for December and receiving a grand jury subpoena with regard the California Norovirus event. The stock crashed 10% on the news.  However, the stock's initial collapse has been rescued as CMG reports a boost to its buyback program... seriously!

From CMG's statement:

December 2015 Sales Trend Detail

 

While the recent dramatic revision in construction spending - a direct input into GDP - which as we noted earlier this week, was a huge revision in the series  by the US government which admitted to "processing errors" would lead to substantial downward revisions to recent GDP prints, moments ago the US November Trade deficit printed at $42.4 billion, down from $44.6 billion in October and better than the $44.0 billion consensus expectation.

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

U.S. President Barack Obama is not just the world’s best gun salesman, he’s also the world’s worst gun control spokesperson.

 

Despite immediately politicizing every single shooting event in recent years by using his bully pulpit to lecture the American public on why citizens must give up their rights to feel safe, his message has fallen on deaf ears. Why?

 

If Mark Zandi and his "whatever it takes" seasonal-adjusters at ADP are to be believed, the US manufacturing sector added the most jobs in 11 months in December. Our question is simple - with ISM Manufacturing Employment at post-recession lows and US Manufacturing PMIs at post-recesssion lows, and inventories-to-sales ratios at post-recession highs, why are goods-producers hiring at such a frantic pace?

Double-Seasonal-adjustment?

Police in a Welsh town say that the long arm of the law is being obstructed by the long legs of the spider. The spiders have been weaving their webs in front of CCTV cameras, making images useless to police trying to solve crimes. Footage of the obstructions was shown during a recent meeting of the Ffestiniog Town Council. RT reports: Cambrian News reports the town clerk, or Spider Man as they’re being called in the office, will now be in charge of checking the monitors once a week and “thoroughly” cleaning the camera lenses at least four times a year.