When an economic crisis is coming, there are usually certain indicators that appear in advance. For example, commodity prices usually start to plunge before a recession begins. And as you can see from the Bloomberg Commodity Index which you can find right here, this has already been happening. In addition, I have previously written about how the U.S. dollar went on a great run just before the financial collapse of 2008. This is something that has also been happening over the past few months. Some people would have you believe that nobody can anticipate the next great economic downturn and that to try to do so is just an exercise in “guesswork”. But that is not the case at all. We can look back over history and see patterns that keep repeating. And a lot of the exact same patterns that happened just before previous stock market crashes are happening again right now.
A Fool and his money soon parted...
Submitted by Tyler Durden on 03/31/2015 - 14:34 As the following update of CNBC's perhaps most popular (if least watched, lagging even Mad Money) day breaking segment, SquawkBox, the show that features Joe Kernen, Becky Quick and Andrew Ross Sorkin just suffered its worst quarterly Nielsen rating in the show's history.
Submitted by Tyler Durden on 03/31/2015 - 14:10 The Long US Dollar, Short US Treasuries trades were the 'most crowded' earlier this year and while both have derisked modestly from record highs, this week saw the net speculative position in EURUSD futures surge more negative and has never been shorter. Along similar 'strong dollar' lines, as Bloomberg reports, net long positions in Gold have dropped to their lowest since Dec 2013 and outright Gold short positions rose for the seventh week in a row to the highest since data began in 2006.
Bad News For America's Biggest Housing Bubble: San Francisco Home Prices Suffer Biggest Drop In Three YearsSubmitted by Tyler Durden on 03/31/2015 - 13:50 It was not only the annual growth rate of only 7.9%, matching the lowest since the European debt bubble burst in 2010, but also the sequential rate of price drops, at -0.9% - the biggest monthly drop in three years, or since January 2012 - that will once again be a subject for concern of housing watchers. Because should the price decline resume its acceleration without any emerging tailwinds to prop up the local housing market, then there will surely be some severe fallout such as this peak housing bubble example, in which as Curbed reported last week, a run down shack which listed for $799,000 sold for 50% more, or $1.2 million a few weeks later!
Submitted by Tyler Durden on 03/31/2015 - 13:20 While we wait to see which “well capitalized” bank will be the next to crumble under the weight of mountainous writedowns occasioned by the sudden souring of “riskless” assets, we get to read the DuesselHyp post-mortem, which shows that the bank was effectively AIG’d by Eurex.
Submitted by Tyler Durden on 03/31/2015 - 12:56 "The utterances of the Yellen/Zhou duo who kicked off yesterday’s rip make absolutely clear why the central bankers will never stop stimulating. They have embraced a spurious “inflation deficiency” doctrine, and have thereby, in effect, lashed themselves to the wheel of a doomsday machine."
Submitted by Tyler Durden on 03/31/2015 - 11:57 Having already proven that their institutions are above the law in the aftermath of the financial crisis, executives at the “Too Big to Fail and Jail” banks have decided it’s time to teach Senate Democrats a lesson. Not being content with trillions in taxpayer backed bailouts to protect and further consolidate virtually all wealth within their oligarch fiefdoms, these bankers are irate at the notion that a commoner would dare criticize their unassailable crony privilege. What Wall Street wants is one hundred Chucky Schumers in the Senate.
Submitted by Tyler Durden on 03/31/2015 - 11:24 Update, and just as expected: IRAN NUCLEAR NEGOTIATORS MAY MISS 3RD DEADLINE: U.S. OFFICIAL
"The United States and Europe reportedly want the UN Security Council (UNSC) sanctions on Iran to be automatically reversible, meaning that if Iran violates the deal at any point, the UNSC sanctions will automatically be re-imposed on Tehran. Russia opposes such a scenario, saying in such a case the UNSC should decide what to do. Moscow says automatic imposition of sanctions goes against the mechanism of the Security Council. China also reportedly shares Russia’s viewpoint and is against the imposition of automatically reversible sanctions on Iran."
Submitted by Tyler Durden on 03/31/2015 - 10:30 "The overnight general collateral rate jumped to 0.38% this morning. The GC rate has seen sharp moves at quarter end in the past, although today's jump is the largest we have on record."
Submitted by Tyler Durden on 03/31/2015 - 10:15
Submitted by Tyler Durden on 03/31/2015 - 10:11 Following February's drop from 'recovery' cycle highs (which has now been erased by previous revisions! why are confidence measures seasonally-adjusted anyway?), despite surging gas prices, terrible economic data, and dismal weather, March consumer confidence explodes higher. Printing 101.3, massively beating expectations of 96.4, this is just shy of the cycle highs in January. Of course, it's all hope... the present situation index actually dropped notably from 112.1 to 109.1 as future expectations surged from 90.0 to 96.0, but fewer people plan to buy homes or major applicances in the next 6 months.
Submitted by Tyler Durden on 03/31/2015 - 09:55 In the midst of a near-nationwide blackout that grounded planes and froze rail traffic and which officials say could be terror-linked, armed gunman have taken a prosecutor hostage in an Istanbul court house.
Richard Russell: “I spent the weekend as an amateur, reading the Declaration of Independence and the Constitution of the USA. I was surprised. The Declaration of Independence, July 4, 1776, states, “We hold these truths to be self-evident, that all men are created equal.” … I noted that most of the Declaration of Independence is a litany of complaints about Britain. The signers of the Declaration were almost apologizing in case after case for cutting themselves off from Britain.
Then I turned to the Constitution, and to its second amendment. It reads, “A well-regulated Militia, being necessary to the security of a free state, the right of the people to keep and bear arms, shall not be infringed.”
Richard Russell Continues @ KingWorldNews.com
The Russian military is in the midst of a sweeping modernization program, and it is currently developing some incredibly impressive offensive and defensive next-generation weapons that are designed to be used in a future war with the United States. The key to winning World War III will be to strike hard and to strike fast, and the Russians understand this. Meanwhile, the U.S. military has totally shifted gears from a “Cold War mindset” and is now completely focused on fighting smaller regional wars in the Middle East and elsewhere. As a result, U.S. strategic forces have suffered. There has been very little effort to modernize, and many of our nuclear missile silos are using technology that is ridiculously outdated. For example, CBS News has documented that eight inch floppy disks are still being used in many of our missile silos. And don’t expect things to change any time soon. At this point, the U.S. military plans to keep Minuteman intercontinental ballistic missiles that were originally deployed in the 1960s and 1970s in service until 2030.
Saudi fighter planes continue to attack neighboring Yemen in hopes of re-installing ousted Yemeni president Mansur Hadi and putting down the rebellion that forced him to depart. As usual, civilians bear the brunt of such a foreign attack. Today, the Saudi-led coalition bombed a refugee camp, killing more than 40 and wounding as many as 200.
Hadi’s ouster earlier this year came on the heels of mounting public anger over his cooperation with the US government’s five years of drone attacks on Yemen, which killed scores of civilians. Hadi, who was “elected” by an impressive 99.80% of the vote (on a single-candidate ballot) had previously overthrown long-time Yemeni ruler, Abdullah Saleh, in the “Arab Spring” uprisings of 2011.
Read More @ TheNewsDoctors.com
I’ve always thought those giant Easter bunnies that walk around the mall were sort of creepy. I remember once when my oldest daughter was a toddler her absolute terror when one such mascot bent over her stroller and asked, “Want some candy, little girl?”
Well, it seems that her instincts were right. Now that I know what’s in the “treats” that they push, I’m positive that taking candy from strange rabbits is a terrible idea.
Today, I’m here to “ruin” Easter for you by telling you exactly what’s in that adorable little basket that pretty much everyone in America gives to their kids. Because, you know, nothing says “Happy Easter” like a beautifully decorated basket full of prettily packaged GMO high fructose corn syrup, dye, processed GMO sugar, and chemical flavoring. (Don’t worry, though. I’ll also “save” Easter with some non-toxic treat suggestions too!)
Read More @ TheOrganicPrepper.com
This National Geographic documentary looks into the CIA’s secret experiments conducted during the Cold War. It mainly focuses on mind control and the brainwashing techniques attached to it : Hypnosis, electroshock therapy and drugs.
CIA Secret Experiments explores a page of the book History that is often heavily redacted or completely shredded. It is about the troubling experiments conducted by the CIA during the Cold War, especially on mind control. The documentary explains how its techniques can be used to create “Manchurian candidates” (aka MK slaves) that can be used to conduct assassinations and other deeds.
The Financial Times warned today about the growing global ‘bond bubble’ and potential severe problems in the bond markets and ‘systemic risk’ which may come to a head in June if the Federal Reserve raises interest rates.
In an article entitled “Time to find out hard way if asset management is systemic risk“, it quotes James Bullard from the Fed warning of “dire consequences” due to developing asset price bubbles if the Fed does not raise rates soon.
It refers to fact that “80 per cent of fund managers surveyed by CFA UK, a financial standards body, signalled worries about the inflated value of bonds.” It discusses how plans have been in the making to manage risks posed by certain funds by “boosting supervision of asset managers.”
Read More @ GoldCore.com
The constant changes to Fed policy targets and enslavement to the ticker must change, according to former Fed Governor Kevin Warsh. “The markets think they have Yellen’s number,” that she will never allow markets to go down, Warsh warns “that is a very dangerous development.” What worries Warsh the most, however, is “The Fed’s policies changing based on what happens on the ticker… The Fed should be thinking 3 to 4 years ahead.” Investors “think good times can last forever,” he notes ominously, “we tried negative real rates in the mid 70s and the early 2000s and both ended badly.” Someone is not getting invited back on CNBC…
Read More @ ZeroHedge.com