Submitted by Tyler Durden on 05/04/2015 - 12:09 “When does our credit based financial system sputter / break down? When investable assets pose too much risk for too little return. Not immediately, but at the margin, credit and stocks begin to be exchanged for figurative and sometimes literal money in a mattress.” We are approaching that point now as bond yields, credit spreads and stock prices have brought financial wealth forward to the point of exhaustion. A rational investor must indeed have a sense of an ending, not another Lehman crash, but a crush of perpetual bull market enthusiasm.
from KingWorldNews:
In recent trading days, the “bond kings”, Bill Gross and Jeff
Gundlach, have been calling attention to the German Bunds. Gross called
it “the shorting opportunity of a lifetime”, while Gundlach concurred
pondering a possible 100-to-1 leveraged bet against the debt
instruments. Almost on cue, the Bunds dropped precipitously in price….
It is not just German fixed income that is selling off. Below is a chart showing the going rates for the 10-year and 30-year U.S. Treasury bonds. The lower right portion of the chart tells us that something very important could be unfolding and confirming that interest rates are not just heading higher in Europe, but elsewhere around the globe. The bulk of the issued German Bunds are of the 10-year and 30-year duration.
Robert Fitzwilson Continues @ KingWorldNews.com
And Crash it will...
In recent trading days, the “bond kings”, Bill Gross and Jeff
Gundlach, have been calling attention to the German Bunds. Gross called
it “the shorting opportunity of a lifetime”, while Gundlach concurred
pondering a possible 100-to-1 leveraged bet against the debt
instruments. Almost on cue, the Bunds dropped precipitously in price….It is not just German fixed income that is selling off. Below is a chart showing the going rates for the 10-year and 30-year U.S. Treasury bonds. The lower right portion of the chart tells us that something very important could be unfolding and confirming that interest rates are not just heading higher in Europe, but elsewhere around the globe. The bulk of the issued German Bunds are of the 10-year and 30-year duration.
Robert Fitzwilson Continues @ KingWorldNews.com
And Crash it will...
Two-Thirds Of US Millionaires Fear "They Will Lose It All" If The Market Crashes
Submitted by Tyler Durden on 05/04/2015 - 18:14 It's not easy being a millionaire in the New Normal."Oh It's Gonna Blow Up Tonight" - Baltimore In Turmoil After Latest Gun 'Incident'
Submitted by Tyler Durden on 05/04/2015 - 15:14 And just as things in Baltimore were quieting down...
One Man's Message To Americans - "Start Giving A Damn!"
Submitted by Tyler Durden on 05/04/2015 - 16:32 "The reality is that those who seem to get worked up to the point that they are willing to act in defense of the Constitution even against the highest levels of government make up a very small minority of Americans. This is a real problem... because today’s American is simply a shell of a citizen none of the criminal atrocities creates even a stir from us. Sure we all read about these atrocities and we are angered in the moment but it passes rather quickly and we fall back into our self-induced ignorant bliss."
IMF Splinters From Rest Of Troika, Threatens To Cut Off Greek Funding
Submitted by Tyler Durden on 05/04/2015 - 14:43 "Greece is so far off course on its $172bn bailout programme that it faces losing vital International Monetary Fund support unless European lenders write off significant amounts of its sovereign debt, the fund has warned Athens’ eurozone creditors," FT reports, indicating that the organization may force the ECB and implicitly the German taxpayer to take the hit if Greece wants to receive the last tranche of aid under its existing program.
ADB "Boosts Firepower" As China-Led Bank Grabs Center Stage
Submitted by Tyler Durden on 05/04/2015 - 16:55 "The Japan-led Asian Development Bank unleashed measures that could help it hold its ground as a resource for regional economies, even as China’s Asian Infrastructure Investment Bank gains prominence," Bloomberg says. In the latest sign that the US and Japan are struggling to cope with the rise of China-led multilateral institutions, the ADB is reportedly adopting "groundbreaking" measures to ensure it can remain competitive.Volumeless Stocks Test Record Highs On Downbeat Data
Submitted by Tyler Durden on 05/04/2015 - 16:05
"But Still There Is Faith In The Central Bank..."
Submitted by Tyler Durden on 05/04/2015 - 15:46 “[W]e have placed the exclusive custody of our entire banking reserve in the hands of a single board of directors not particularly trained for the duty - who might be called 'amateurs'... But still there is a faith in the Bank, contrary to experience, and despising evidence.”
Leaking Las Vegas: Forced Rationing Looms As Lake Mead Faces Federal "Water Emergency"
Submitted by Tyler Durden on 05/04/2015 - 15:35 Leak Mead is the largest reservoir in the country when at capacity. On May 2, the water level was down to 1,078.9 feet above sea level, the lowest since it was being filled in May 1937. If the water level is below 1,075 feet elevation – 4 feet below today’s level – by January 1, 2016, it will trigger a federal water emergency... and water rationing.
Ben Bernanke: On The Way From Hero To Zero?
Submitted by Tyler Durden on 05/04/2015 - 15:05 It seems yet another hero of the recent cyclical bull market, resp. echo bubble, may be in danger of falling from grace. This has already happened to his predecessor Alan Greenspan, who has been gradually demoted from “Maestro” to “irresponsible bubble blower”. In this sense the somewhat less praise-laden verdicts that are lately emerging with respect to Ben Bernanke could be seen as an early warning sign.
Endangered Species: The Self-Employed Middle Class
Submitted by Tyler Durden on 05/04/2015 - 14:09 Including the professional class, perhaps only 3% of the workforce is truly independent.
"Nor Any Drop To Drink," Citi Maps The Liquidity Paradox
Submitted by Tyler Durden on 05/04/2015 - 12:50 "From the BIS to BlackRock, and Jamie Dimon to Jose Vinals, everyone seems to be talking about market liquidity," Citi's Matt King writes, before taking an in-depth look at just how broken the 'markets' truly are. To summarize: no depth in the Treasury market, a duration mismatched powder keg in "long-term" mutual funds thanks to the fact that ZIRP has destroyed money market yields causing investors to find a new 'cash substitute,' and a magically shrinking repo market in the wake of new regulations ironically meant to promote stability.
US Shale Sector Crashes After David Einhorn Repeats What Everyone Knows Already
Submitted by Tyler Durden on 05/04/2015 - 12:26 Greenlight's David Einhorn has come out swinging at the Fed-fueled fracking frenzy and, after pointing out facts that are extremely widely known, and have been explained innumerable times here, sent Shale stocks tumbling... led by the so-called "MotherFracker" - Pioneer Natural Resources... Einhorn concludes, "Either way the frackers are fracked."
The War On Cash: Australia Leads The New Age Of Economic Totalitarianism
Submitted by Tyler Durden on 05/04/2015 - 12:11 The new age of Economic Totalitarianism is upon us all. As we warned previously, Australia will be the first to introduce a compulsory tax on savings. This is the ultimate Marxist state for now anyone with spare cash is the enemy of the Conservative Tony Abbott government. The introduction of this tax on money in Australia led by Tony Abbott is the trial balloon for the global economy.from MyBudget360.com:
Listen carefully to the sales pitch from Wall Street. In the late 1970s and the early 1980s there was a push to get Americans away from pension plans and into 401k style retirement plans. The notion was that Americans would save enough on their own and would have the financial wherewithal to play in the Wall Street finance game. Well here we are a generation later and for most Americans, the self-directed retirement experiment has been an abject failure. We have now learned about a litany of mutual funds that have charged high expense ratios that basically ate into a good chunk of savings. The ETF and index fund world is new for many since it isn’t heavily marketed. And these are the options for the savvy people that actually dive in. Pension plans used to be commonplace. Now, they are rare and are headed to extinction. For most elderly Americans, the number one source of income is coming from Social Security. What happened to the pension plans of America?
Read More @ MyBudget360.com
Dear Friend of GATA and Gold:
A few weeks ago, through GATA, I called attention to the assertion by the chief executive of the London Bullion Market Association, Ruth Crowell, that the London gold market can never be fully transparent while central banks remain such big participants:
http://www.gata.org/node/15241
Here is another telling comment by someone connected to the LBMA concerning central banks and the gold market, Jonathan Spall. The comment is found on the Internet site of his precious metals consultancy company, G Cubed Metals Ltd.:
Read More @ Gata.com
by Michael Noonan, Edge Trader Plus:
When we started out in this business, one of the first saws of trading
we learned was: Bulls make money, Bears make money, Pigs get
slaughtered. That simple admonition is coming full circle as the stock
market has been muscled to all time highs by central bankers seeking to
protect their fiat currency Ponzi scheme at all costs. For anyone not
paying attention, that cost will be passed onto you.
We have been staunch advocates that the most important and overriding information one can have on any market is the trend. It is hands down the best guide one can have, and too few give it just due. In an up trending market, bulls make money. Bears who opt to fight the obvious trend are on the wrong side of momentum, and the tuition can be costly, but always a choice.
Read More @ EdgeTraderPlus.com
When we started out in this business, one of the first saws of trading
we learned was: Bulls make money, Bears make money, Pigs get
slaughtered. That simple admonition is coming full circle as the stock
market has been muscled to all time highs by central bankers seeking to
protect their fiat currency Ponzi scheme at all costs. For anyone not
paying attention, that cost will be passed onto you.We have been staunch advocates that the most important and overriding information one can have on any market is the trend. It is hands down the best guide one can have, and too few give it just due. In an up trending market, bulls make money. Bears who opt to fight the obvious trend are on the wrong side of momentum, and the tuition can be costly, but always a choice.
Read More @ EdgeTraderPlus.com
from RT:
This weekend Russia will mark one of the most significant and solemn holidays in its calendar – the 70th anniversary of the defeat of Nazi Germany in World War 2. Today we’re looking at one of the most tragic and harrowing chapters of the war – the siege of Leningrad.
This weekend Russia will mark one of the most significant and solemn holidays in its calendar – the 70th anniversary of the defeat of Nazi Germany in World War 2. Today we’re looking at one of the most tragic and harrowing chapters of the war – the siege of Leningrad.
from SRSrocco Report:
Americans would be quite surprised to know that even with all the U.S. Government sanctions and threats of war with Russia, we still import a significant amount of petroleum from the former communist country. How much petroleum does the United States import from Russia? Actually, a lot more when we focus on net imports.
While the U.S. imports more oil from certain countries, we also export finished products in return. For example in January, the U.S. imported 831,000 barrels per day (bd) of crude oil and petroleum from Mexico, but also exported 787,000 bd of petroleum products for a net import of only 44,000 bd.
So, what amount of net crude oil and petroleum did the U.S. import from Russia during January? Look at the chart below:
Read More…
Americans would be quite surprised to know that even with all the U.S. Government sanctions and threats of war with Russia, we still import a significant amount of petroleum from the former communist country. How much petroleum does the United States import from Russia? Actually, a lot more when we focus on net imports.
While the U.S. imports more oil from certain countries, we also export finished products in return. For example in January, the U.S. imported 831,000 barrels per day (bd) of crude oil and petroleum from Mexico, but also exported 787,000 bd of petroleum products for a net import of only 44,000 bd.
So, what amount of net crude oil and petroleum did the U.S. import from Russia during January? Look at the chart below:
Read More…
from Investors:
Economic Systems: The alarmists keep telling us their concern about
global warming is all about man’s stewardship of the environment. But we
know that’s not true. A United Nations official has now confirmed this.
At a news conference last week in Brussels, Christiana Figueres, executive secretary of U.N.’s Framework Convention on Climate Change, admitted that the goal of environmental activists is not to save the world from ecological calamity but to destroy capitalism.
“This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for at least 150 years, since the Industrial Revolution,” she said.
Read More @ Investors.com
/
Economic Systems: The alarmists keep telling us their concern about
global warming is all about man’s stewardship of the environment. But we
know that’s not true. A United Nations official has now confirmed this.At a news conference last week in Brussels, Christiana Figueres, executive secretary of U.N.’s Framework Convention on Climate Change, admitted that the goal of environmental activists is not to save the world from ecological calamity but to destroy capitalism.
“This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for at least 150 years, since the Industrial Revolution,” she said.
Read More @ Investors.com
from The Burning Platform:
And I see it exactly the opposite. Now you understand why some people
think there is no fix for the current problem. My oldest son is
exceptionally bright, well spoken, respectful, and on and on and on. I
hear it from strangers, I’ve seen it myself his whole life long.
Yesterday he came in after working a 10 hour day so filthy from his
labor he looked like a coal miner. He was smiling, and he was happy
about his productivity, what he’d accomplished, how he felt about
himself and how he had improved the world.
He won’t be going to college in the Fall with the rest of his peers because a) he doesn’t want to incur debt b) he does not possess certain racial/socio-economic traits that would provide him with a scholarship despite his grades. In some ways the bigger loss is the society at large that will never be able to capitalize on the intelligence, drive and decency of this young man because they deliberately pass him over in order to promote someone who is less qualified.
Read More @ TheBurningPlatform.com
image/restlessboomers.com
And I see it exactly the opposite. Now you understand why some people
think there is no fix for the current problem. My oldest son is
exceptionally bright, well spoken, respectful, and on and on and on. I
hear it from strangers, I’ve seen it myself his whole life long.
Yesterday he came in after working a 10 hour day so filthy from his
labor he looked like a coal miner. He was smiling, and he was happy
about his productivity, what he’d accomplished, how he felt about
himself and how he had improved the world.He won’t be going to college in the Fall with the rest of his peers because a) he doesn’t want to incur debt b) he does not possess certain racial/socio-economic traits that would provide him with a scholarship despite his grades. In some ways the bigger loss is the society at large that will never be able to capitalize on the intelligence, drive and decency of this young man because they deliberately pass him over in order to promote someone who is less qualified.
Read More @ TheBurningPlatform.com
image/restlessboomers.com
from The BRICS Post:
Russian President Vladimir Putin on Saturday ratified a gas supply
agreement with China via the so- called Eastern route and also signed
into law the creation of the $100 billion BRICS reserve fund.
“The agreement is aimed at strengthening the Russian-Chinese energy cooperation, and defines the main terms of the natural gas supply from Russia to China through the East-Route, including the cross-border section of the gas pipeline across the Amur River ( the Heilongjiang River in China) near Blagoveshchensk (capital of the Amur region in the Russian Far East) and China’s border city of Heihe,” a Kremlin statement said.
The agreement was passed on April 24 by parliament’s lower house, or the State Duma, and approved by the upper chamber namely the Federation Council five days later.
Read More @ TheBRICSPost.com
Russian President Vladimir Putin on Saturday ratified a gas supply
agreement with China via the so- called Eastern route and also signed
into law the creation of the $100 billion BRICS reserve fund.“The agreement is aimed at strengthening the Russian-Chinese energy cooperation, and defines the main terms of the natural gas supply from Russia to China through the East-Route, including the cross-border section of the gas pipeline across the Amur River ( the Heilongjiang River in China) near Blagoveshchensk (capital of the Amur region in the Russian Far East) and China’s border city of Heihe,” a Kremlin statement said.
The agreement was passed on April 24 by parliament’s lower house, or the State Duma, and approved by the upper chamber namely the Federation Council five days later.
Read More @ TheBRICSPost.com
from21st Century Wire:
Unreal. This may just be the most obviously scripted and staged-managed event yet.
We’re told that at 7pm CDT local time, two male suspects were shot and killed on Sunday outside of an event at the Curtis Culwell Center in Garland, Texas, a suburb of Dallas. In an incident which lasted exactly 15 seconds.
The US media were quick to label “terrorist” incident. In addition to the two dead “terror suspects”, an unarmed security guard, Garland Independent School District employee Bruce Joiner, is said to have been wounded during an ‘exchange of gunfire’ but it’s not yet clear who’s gunfire actually hit him.
Read More @ 21stCenturyWire.com
Unreal. This may just be the most obviously scripted and staged-managed event yet.
We’re told that at 7pm CDT local time, two male suspects were shot and killed on Sunday outside of an event at the Curtis Culwell Center in Garland, Texas, a suburb of Dallas. In an incident which lasted exactly 15 seconds.
The US media were quick to label “terrorist” incident. In addition to the two dead “terror suspects”, an unarmed security guard, Garland Independent School District employee Bruce Joiner, is said to have been wounded during an ‘exchange of gunfire’ but it’s not yet clear who’s gunfire actually hit him.
Read More @ 21stCenturyWire.com
from The News Doctors:
For the past two decades, American neocons and Israeli hard-liners
have targeted Syria for “regime change,” a dream that may be finally
coming true, albeit with the nightmarish ending of Al-Qaeda or maybe the
Islamic State emerging as the likely winners.
Such an outcome would be disastrous for the millions of Syrian Shiites, Alawites, secular Sunnis and Christians, including descendants of survivors of Turkey’s Armenian genocide a century ago. They would all face harsh repression or, possibly, mass decapitations. An Al-Qaeda/Islamic State victory also would be a major problem for the United States and the West, which would have to choose between a terror central in the center of the Middle East or a military invasion.
Read More @ TheNewsDoctors.com
For the past two decades, American neocons and Israeli hard-liners
have targeted Syria for “regime change,” a dream that may be finally
coming true, albeit with the nightmarish ending of Al-Qaeda or maybe the
Islamic State emerging as the likely winners.Such an outcome would be disastrous for the millions of Syrian Shiites, Alawites, secular Sunnis and Christians, including descendants of survivors of Turkey’s Armenian genocide a century ago. They would all face harsh repression or, possibly, mass decapitations. An Al-Qaeda/Islamic State victory also would be a major problem for the United States and the West, which would have to choose between a terror central in the center of the Middle East or a military invasion.
Read More @ TheNewsDoctors.com
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