Submitted by Tyler Durden on 08/04/2015 - 08:53 Apple is down 12% from exuberant earnings highds just a few days ago and has broken below a crucial technical support level at its 200-day moving average (something it has not done in over 2 years). While the parade of bullish analysts and fan boys continues to have faith that Apple TV, iCar, or iWatch will bring about the next leg of the 'no brainer' rally to trillion-dollar market cap levels, perhaps, just perhaps, there is a crack in the armor of the "as goes Apple so goes America" company. As Engadget reports, Apple has slipped to third place in China -behind Xiamoi and fast-growing rival Huawei...
This Is Your "New Economy": These 10 Startups Are Valued At $156 Billion On $4 Billion In Revenue
Submitted by Tyler Durden on 08/04/2015 - 07:57 A few quick observations: the top 10 highest valued companies have a combined private valuation of $156 billion, on just about $4 billion in revenues and employ a whopping 19.5 thousand people. In other words, the universe's combined historical Price/Sales ratio is 39x and each employee is worth about $8,000,000.
Meet Solyndra 2.0 - This US-Taxpayer-Subsidized Spanish "Renewables" Firm Is Collapsing
Submitted by Tyler Durden on 08/04/2015 - 09:46 News that bonds and stocks of Abengoa SA - the Spanish renewable-energy company - plunged after a plan to shore up capital failed to reassure investors that it can stop burning cash is likely to have passed many by. But coming just one day after President Obama unleashed his Clean Power Plan, the fact that the company - that is now facing significant liquidity concerns - received over $230 million in US taxpayer subsidies in 2014 - despite two ongoing federal investigations - may raise an eyebrow or two as images of Solyndra's government-sponsored farce come to mind... as Diane Feinstein, Ken Salazar, and Bill Richardson - with the help of subsidies and Ex-Im bank loans alledgely exerted their influence to keep this zombie alive.
US Consumer Spending Declines For Third Consecutive Month, Down 5 Of Past 7 Months
Submitted by Tyler Durden on 08/04/2015 - 09:21 For those who prefer unbiased, accurately reported data, it should come as no surprise to those who have been observing the recent swoon in the economy, that according to Gallup data, July was the third month in a row in which the average American spent less than they did in the same month a year ago, confirming that the US economy is if not in a recession then certainly no longer growing. Furthermore, as the chart below shows and confirms the already week retail spending data, of the 7 months in 2015, 5 have seen a decline in consumer spending year over year.
Greek Bank Stocks Crash Again Amid Fresh Signs Of Economic Disintegration
Submitted by Tyler Durden on 08/04/2015 - 08:38 After trading limit-down on Monday when Greek stocks opened for trading for the first time since PM Alexis Tsipras called a referendum, shares of Greek banks once again flirted with the daily 30% loss limit on Tuesday as there were simply no bids for a set of institutions that everyone knows is insolvent. Meanwhile, Kathimerini reports that "the state’s losses from indirect taxes alone in the first couple of weeks of capital controls and the shuttering of banks [amounted to] more than half a billion euros."
Greek Banks Crash Limit Down For Second Day; China And Commodities Rebound; US Futures Slide
Submitted by Tyler Durden on 08/04/2015 - 06:50 After a lukewarm start by the Chinese "market", which had dropped for the past 6 out of 7 days despite ever escalating measures by Beijing to manipulate stocks higher, finally the Shanghai Composite reacted favorably to Chinese micromanagement of stock prices and closed 3.7% higher as Chinese regulators stepped up their latest measures by adjusting rules on short-selling in order to reduce trading frequency and price volatility, resulting in several large brokerages suspending short sell operations. At this pace only buy orders will soon be legal which just may send the farce of what was once a "market" limit up.
from Kingworldnews:
The constant bombardment of anti-gold articles we are seeing in the
mainstream media is unprecedented. The negative sentiment is
unrelenting, with one journalist even calling gold a ‘pet rock.’
Clearly, with epithets like that, things have reached an emotional
extreme, which is the important point that I think needs to be made.
These journalists who see no value in gold are in effect concluding that gold’s 5,000 year history as money has ended. But here’s an example of how shallow their thinking is.
The pet-rock guy uses Greece’s default as an example of how gold is supposedly just sitting there in the face of news shaking the financial system. The reality is that as we speak gold is up 2% this year in terms of the euro, far better than anyone could have earned on a euro bank deposit – plus you have the safe-haven benefit of knowing that when you own gold, you do not have counterparty risk. Relying on others’ promises is a real risk.
James Turk continues @ King World News
The constant bombardment of anti-gold articles we are seeing in the
mainstream media is unprecedented. The negative sentiment is
unrelenting, with one journalist even calling gold a ‘pet rock.’
Clearly, with epithets like that, things have reached an emotional
extreme, which is the important point that I think needs to be made.These journalists who see no value in gold are in effect concluding that gold’s 5,000 year history as money has ended. But here’s an example of how shallow their thinking is.
The pet-rock guy uses Greece’s default as an example of how gold is supposedly just sitting there in the face of news shaking the financial system. The reality is that as we speak gold is up 2% this year in terms of the euro, far better than anyone could have earned on a euro bank deposit – plus you have the safe-haven benefit of knowing that when you own gold, you do not have counterparty risk. Relying on others’ promises is a real risk.
James Turk continues @ King World News
by Michael Snyder, The Economic Collapse Blog:
The month of August sure has started off with a bang. Tech stocks are
crashing, oil is crashing, industrial commodities are crashing, Greek
stocks crashed the moment that the Greek stock market reopened for
trading, and Chinese stocks continue to crash. At this point we have
not seen a broad crash of U.S. stocks yet, but it is important to note
that the Dow is already down more than 700 points from the peak in May.
If it continues to slide like it has in recent days, it won’t be too
long before we will officially reach “correction” territory. Just a few
days ago, I described August as a “pivotal month“, and so far that is indeed turning out to be the case.
A full-blown financial crisis has not erupted yet, but we are well on the way. In this article, I want to look at a few of the “crashes” that are already happening…
Read More…
The month of August sure has started off with a bang. Tech stocks are
crashing, oil is crashing, industrial commodities are crashing, Greek
stocks crashed the moment that the Greek stock market reopened for
trading, and Chinese stocks continue to crash. At this point we have
not seen a broad crash of U.S. stocks yet, but it is important to note
that the Dow is already down more than 700 points from the peak in May.
If it continues to slide like it has in recent days, it won’t be too
long before we will officially reach “correction” territory. Just a few
days ago, I described August as a “pivotal month“, and so far that is indeed turning out to be the case.A full-blown financial crisis has not erupted yet, but we are well on the way. In this article, I want to look at a few of the “crashes” that are already happening…
Read More…
filed under (unt
Billary Clinton And The Perfection Of Consumerist Narcissism
Submitted by Tyler Durden on 08/04/2015 - 08:21 In this perfection of consumerist narcissism, the only goal is maximizing private gain by whatever means are available. Clinton solidified the modern presidency's narcissistic obsession with public approval (the political equivalent of "likes" on Facebook) and the exploitation of that popularity for maximum self-enrichment.
The chief operative of the infamous Plumbers unit inside the Nixon
White House – the man who orchestrated the Watergate building break-in –
says that Hillary Clinton’s many scandals are “much larger” that
anything of which Richard Nixon was accused.“Bear in mind that nobody even caught a cold at the Watergate office building. But four devoted American citizens, including an ambassador, were left to die in Benghazi,” stated G. Gordon Liddy, the retired radio host, actor and bestselling author who was convicted of conspiracy, burglary and illegal wiretapping for his role directing and organizing the Watergate break-in.
Read More
This Is Your "New Economy": These 10 Startups Are Valued At $156 Billion On $4 Billion In Revenue
Submitted by Tyler Durden on 08/04/2015 - 07:57 A few quick observations: the top 10 highest valued companies have a combined private valuation of $156 billion, on just about $4 billion in revenues and employ a whopping 19.5 thousand people. In other words, the universe's combined historical Price/Sales ratio is 39x and each employee is worth about $8,000,000.
DOJ Launches Criminal Investigation Into Deutsche Bank Russian Trades
Submitted by Tyler Durden on 08/04/2015 - 07:41 Just days after WSJ revealed that Deutsche Bank's $2.5 billion LIBOR settlement could be in jeopardy due to the apparent mishandling of chat records dating back to 2005, Bloomberg says Loretta Lynch’s Justice Department has launched a criminal probe into the bank’s alleged role in facilitating a series of trades which may have allowed Russian clients to launder billions through the bank's trading desks.from TruthNeverTold:
by Chris Powell, GATA:
Dear Friend of GATA and Gold:
A week ago the TF Metals Report disclosed that leverage in gold futures contracts on the New York Commodities Exchange had reached 116 times the metal available for delivery:
http://www.gata.org/node/15598
Today Zero Hedge reports that the leverage is up to 124 claims per ounce. Zero Hedge’s report is headlined “Comex On The Edge? Paper Gold ‘Dilution’ Hits a Record 124 for Every Ounce of Physical” and it’s posted here:
Read More
Dear Friend of GATA and Gold:
A week ago the TF Metals Report disclosed that leverage in gold futures contracts on the New York Commodities Exchange had reached 116 times the metal available for delivery:
http://www.gata.org/node/15598
Today Zero Hedge reports that the leverage is up to 124 claims per ounce. Zero Hedge’s report is headlined “Comex On The Edge? Paper Gold ‘Dilution’ Hits a Record 124 for Every Ounce of Physical” and it’s posted here:
Read More
from WhyGoldandSilver:
[Ed. Note: THIS is absolute fascist madness. If you do not understand the dangers, such as sudden death,
associated with the HPV vaccine, you ought to wise up immediately. If
you live in Rhode Island and you are going to be FORCED to give this
“vaccine” to your child, you should MOVE.]
by Heather Callaghan, Activist Post:
Boy or girl. Public school or private school. If the Rhode Island child
is middle-school age, it is now mandatory to receive a Human
Papillomavirus (HPV) vaccine. The jab would most likely be a Gardasil
shot, made by Merck – studied for less than two years in about 1,200
children under age 16 before it became licensed and fast-tracked by the
FDA. Coincidentally, this vaccine is currently under investigation by
the European Medicines Agency (but apparently it is turning out to be a weak one).
This proves once and for all how the side-effects of multi-trillion dollar pharma companies with bottomless salaries toward propagandists, plus bloated lawmakers and government agencies – is actually a dangerous form of insanity. Forced injections of chemical cocktails that have proven to be deadly in teenagers might have been recognized as child endangerment in the past. Now it’s just par for the course since the passing of California’s SB 277 which mandated vaccines for all students.
Read More @ ActivistPost.com
by Heather Callaghan, Activist Post:
Boy or girl. Public school or private school. If the Rhode Island child
is middle-school age, it is now mandatory to receive a Human
Papillomavirus (HPV) vaccine. The jab would most likely be a Gardasil
shot, made by Merck – studied for less than two years in about 1,200
children under age 16 before it became licensed and fast-tracked by the
FDA. Coincidentally, this vaccine is currently under investigation by
the European Medicines Agency (but apparently it is turning out to be a weak one).This proves once and for all how the side-effects of multi-trillion dollar pharma companies with bottomless salaries toward propagandists, plus bloated lawmakers and government agencies – is actually a dangerous form of insanity. Forced injections of chemical cocktails that have proven to be deadly in teenagers might have been recognized as child endangerment in the past. Now it’s just par for the course since the passing of California’s SB 277 which mandated vaccines for all students.
Read More @ ActivistPost.com
America’s
home-grown “Greece” is trapped in a vicious circle as a shrinking
economy and an exodus of workers pushes the debt ratio through the roof
by Ambrose Evans-Pritchard, The Telegraph:
Puerto Rico has triggered the biggest municipal default in US history,
risking years of bitter legal warfare with creditors and an austerity
“death spiral” with echoes of Greece.
The island Commonwealth finally ran out of money on Monday after a desperate effort to stay afloat, and missed a final deadline for a $58m payment – handing over just $628,000.
It implies a sweeping default on much of its $72bn debt burden, equal to 100pc of Puerto Rico’s gross national product (GNP) and more than five times the debt ratio of California or Texas.
Read More @ Telegraph.co.uk
by Ambrose Evans-Pritchard, The Telegraph:
Puerto Rico has triggered the biggest municipal default in US history,
risking years of bitter legal warfare with creditors and an austerity
“death spiral” with echoes of Greece.The island Commonwealth finally ran out of money on Monday after a desperate effort to stay afloat, and missed a final deadline for a $58m payment – handing over just $628,000.
It implies a sweeping default on much of its $72bn debt burden, equal to 100pc of Puerto Rico’s gross national product (GNP) and more than five times the debt ratio of California or Texas.
Read More @ Telegraph.co.uk
from RTAmerica:
by Anthony Gucciardi, Natural Society:
Are vitamins really bad for you? Is drinking water giving you cancer?
In our modern world, where so many variables exist within the chemical
matrix of our food supply, the truth of the matter is that many ‘health’
studies are often quite deceiving. I’ve been talking about the subject
of such studies for years, because it’s such a key issue for me. Let’s
use the example of vitamin studies to help you see why.
Time and time again we see scientists presenting ‘conclusive’ research on things like vitamins and minerals. One study will proclaim that vitamin E causes birth defects, while the next will say it helps fetal development. Where in the world are they getting their data?
The simple reality is that many scientific studies aren’t disclosing the quality and source of the substances they’re studying. One group may be studying synthetic vitamin E made in China for 1 cent, while another is examining food-based vitamin E created in GMP certified US labs.
Read More @ NaturalSociety.com
Are vitamins really bad for you? Is drinking water giving you cancer?
In our modern world, where so many variables exist within the chemical
matrix of our food supply, the truth of the matter is that many ‘health’
studies are often quite deceiving. I’ve been talking about the subject
of such studies for years, because it’s such a key issue for me. Let’s
use the example of vitamin studies to help you see why.Time and time again we see scientists presenting ‘conclusive’ research on things like vitamins and minerals. One study will proclaim that vitamin E causes birth defects, while the next will say it helps fetal development. Where in the world are they getting their data?
The simple reality is that many scientific studies aren’t disclosing the quality and source of the substances they’re studying. One group may be studying synthetic vitamin E made in China for 1 cent, while another is examining food-based vitamin E created in GMP certified US labs.
Read More @ NaturalSociety.com
from Paul Sandhu:
by Kit Daniels, Infowars:
Louisiana Gov. Bobby Jindal has cut off state taxpayer funding to
Planned Parenthood in the wake of shocking videos showing the
organization harvesting baby organs for profit.
Not only has Jindal blocked Medicaid money to Planned Parenthood of the Gulf Coast on Monday, but he also barred the State Dept. of Health and Hospitals from funding the organization.
“In recent weeks, it has been shocking to see reports of the alleged activities taking place at Planned Parenthood facilities across the country,” the governor said. “Planned Parenthood does not represent the values of the people of Louisiana and shows a fundamental disrespect for human life.”
“It has become clear that this is not an organization that is worthy of receiving public assistance from the state.”
Read More @ Infowars.com
Louisiana Gov. Bobby Jindal has cut off state taxpayer funding to
Planned Parenthood in the wake of shocking videos showing the
organization harvesting baby organs for profit.
Not only has Jindal blocked Medicaid money to Planned Parenthood of the Gulf Coast on Monday, but he also barred the State Dept. of Health and Hospitals from funding the organization.
“In recent weeks, it has been shocking to see reports of the alleged activities taking place at Planned Parenthood facilities across the country,” the governor said. “Planned Parenthood does not represent the values of the people of Louisiana and shows a fundamental disrespect for human life.”
“It has become clear that this is not an organization that is worthy of receiving public assistance from the state.”
Read More @ Infowars.com
from X22Report:
by Christina England, Activist Post:
In a recent article published by Robert F. Kennedy, Jr., titled Children at Risk – Vaccines, Government & Big Pharma’s Dirty Money,
[1] he highlighted the fact that every vaccine introduced to the
vaccine schedule guarantees its manufacturer millions of customers,
increasing vaccine revenue by billions of dollars. However, it appears
that a minimum of 56 doses of 14 vaccinations before the age of eighteen
is not quite lucrative enough for the pharmaceutical industry, as
according to Mr. Kennedy’s research, the CDC has 271 new vaccinations
under development in the hopes that vaccine revenues will reach a
staggering $100 billion by 2025.
Kennedy called the Centers for Disease Control and Prevention (CDC) “a cesspool of corruption, mismanagement and dysfunction,” making it crystal clear to readers that financial gain fueled their decision making.
Read More
In a recent article published by Robert F. Kennedy, Jr., titled Children at Risk – Vaccines, Government & Big Pharma’s Dirty Money,
[1] he highlighted the fact that every vaccine introduced to the
vaccine schedule guarantees its manufacturer millions of customers,
increasing vaccine revenue by billions of dollars. However, it appears
that a minimum of 56 doses of 14 vaccinations before the age of eighteen
is not quite lucrative enough for the pharmaceutical industry, as
according to Mr. Kennedy’s research, the CDC has 271 new vaccinations
under development in the hopes that vaccine revenues will reach a
staggering $100 billion by 2025.Kennedy called the Centers for Disease Control and Prevention (CDC) “a cesspool of corruption, mismanagement and dysfunction,” making it crystal clear to readers that financial gain fueled their decision making.
Read More
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