Submitted by Tyler Durden on 08/06/2015 - 10:34 We have shown the following chart, showcasing the unprecedented divergence between commodities and stocks countless times: And now the sellside is finally starting to notice, and instead of merely falling back on its traditional "but if you ignore energy..." platitudes aimed squarely at the 5-year-old trader market, is taking it seriously. Here is Credit Agricole's Valentin Marinov with a note released in which he notes simply: "something has to give."
Analysts Give Up On "Man-Made" China Data: It's "A Fantasy" That "No One Believes"
Submitted by Tyler Durden on 08/06/2015 - 15:40 The veracity of China's economic data has long been the subject of debate and when FT called out the country’s National Bureau of Statistics for employing what we called "deficient deflator math" the NBS responded, saying the data reflected the "real situation." Now, virtually no one believes Beijing, with some analysts simply dismissing the "official" figures out of hand.
Which Countries Have The Highest Default Risk: A Global CDS Heatmap
Submitted by Tyler Durden on 08/06/2015 - 15:23 Aside from the socialist utopias of Greece and Venezuela, who else is on the default chopping block? The CDS heatmap below lays out all the countries which according to the market, are most likely to tell their creditors the money is gone... it's all gone.
Emerging Market Mayhem: Gross Warns Of "Debacle" As Currencies, Bonds Collapse
Submitted by Tyler Durden on 08/06/2015 - 15:01 Things are getting downright scary in emerging markets as a "triple unwind" in credit, Chinese leverage, and loose US monetary policy wreaks havoc across the space. Between a prolonged slump in commodity prices and a structural shift towards weaker global trade, the situation could worsen materially going forward.
The Biggest Losers From Today's Rout
Submitted by Tyler Durden on 08/06/2015 - 14:38 It is unclear what catalyzed today's dump. Futures were briefly green at the open, then as if all hell broke loose and without an explicit catalyst (although the technical collapse of numerous "story stocks" which had been market leaders for months, both today and in recent weeks has not helped) the E-mini, and individual stocks, just took out level after level of bids and at last check the Dow has dropped to 6 month lows, the S&P is just barely green for the year, while the biggest pain is in the Nasdaq which has dropped as much as 2% intraday. Below we lay out the biggest losers from today's market drop.
US Government Enthusiastically Tweets About Arms Sales To Brutal & Autocratic Egyptian Regime
Submitted by Tyler Durden on 08/06/2015 - 14:20 In case you’ve been living under a geopolitical rock for the last couple of years, you’d know that despite a brief period of time during which Egypt appeared headed toward a democratic form of government, it went from one brutal dictator to another. As was the case during Hosni Mubarak’s decades of rule, this is precisely how the U.S. government likes it. So much so, that U.S. officials are not only selling arms to the latest despot, General Abdelfattah al-Sisi, but they are actively bragging about it on Twitter.
6 Months Of Ignorance - You Are Here
Submitted by Tyler Durden on 08/06/2015 - 14:07 In early 2007, market internals began to weaken dramatically. Talking heads and asset gatherers said fears were overblown, risk was contained, Fed has it under control, stay the course. Six months later, the equity markets began to collapse and then accelerated lower. Today, in an eery case of deja vu all over again, it has been six months now since US equity market internals began to decouple from the manipulated index levels that manufacture wealth and happiness across America... what would you do?from The Victory Report:
What a pathetic nation of entitled whiners we’ve become. When did
participation in a sport or any competition deserve a trophy? Trophies
are for winners. Trophies are for the people who excelled. Trophies are
for the people who worked harder than their competitors and won. The
bullshit about every child being a special snowflake has permeated our
society and created generations of momma’s boys and girls. They think
they deserve a trophy for showing up at their jobs now. They think they
deserve automatic B’s for showing up at college classes. They think they
deserve pay raises because they came to work.Read More
GDP Shocker: Atlanta Fed Sees Q3 Growth At A Laughable 1%
Submitted by Tyler Durden on 08/06/2015 - 13:44 The Atlanta Fed's Q1 and Q2 GDP forecasts were virtually spot on with what the BEA ultimately reported. Which is why if its accuracy persists, not only the Fed, but Wall Street strategists suddenly have a very big headache on their hands. Moments ago, the Atlanta Fed just released its much anticipated first estimate for Q3 GDP. It was a doozy, at just 1.0%, or more than 2% below the consensus sellside estimate.
Where Did The GDP "Growth" Go? Not Into Wages
Submitted by Tyler Durden on 08/06/2015 - 13:20 So where did all this growth of the economy end up? How can the economy grow by roughly one-third in real dollars while real median household income drops like a rock and real wages/salaries are essentially unchanged for 15 years?These are the same assholes... that tried to ban him from the debates like they did to Ron Paul...
GOP Panic? RNC Chair Says Trump Is "Breath Of Fresh Air"
Submitted by Tyler Durden on 08/06/2015 - 12:57 With just hours to go until the first GOP Presidential candidate debate circus is unleashed, it appears the GOP is in full panic mode. With 10 hopefuls heading to their lecterns, only one stands out (in polls) and that, as The Hill reports, despite being snubbed by The Koch botthers, has Republican National Committee (RNC) Chairman Reince Priebus saying that Donald Trump is offering his party’s voters a breath of fresh air.
Is This Why Bonds Are Soaring?
Submitted by Tyler Durden on 08/06/2015 - 12:45 "...it is time to be shot of the long end of the US bond market and we wish this morning to sell the September T-note future at or near to 126 3/4. We can imagine the front month future trading to 118-119 over the course of the next several months..."
Russia's Latest Land Grab Attempt In The Arctic
Submitted by Tyler Durden on 08/06/2015 - 12:30 Russia is resubmitting its claim of more than 460,000 square miles of the Arctic, including the North Pole, as its sovereign territory, saying it has enough evidence to convince the United Nations that its claim is valid. The Arctic, which is believed to contain as much as one-quarter of Earth’s undiscovered oil and gas, is part of a territorial dispute involving not only Russia but also Canada, Denmark, Norway and the United States. This is the second time Moscow has submitted a claim in the Arctic.
JPMorgan Helps Comex Avoid Gold Depletion, Boosts Registered Gold By 78% Overnight
Submitted by Tyler Durden on 08/06/2015 - 12:08 We were less than surprised to see that just 2 days after our report, the Comex once again succeeded in sweeping default fears under the rug by boosting its eligible gold by a whopping 78% overnight, from 362K ounces to 643K, thereby pushing deliverable gold from its all time lows. However, this was not achieved with an infusion of actual new gold into the Comex, but thanks to JPM reclassifying 276K ounces of gold from the Eligible into the Registered category, even as actual eligible gold continues being withdrawn from the Comex.
Biotechs Battered Into Correction - Biggest Drop Since May To 1-Month Lows
Submitted by Tyler Durden on 08/06/2015 - 12:06 Yellen Capital is backing up the truck... as Biotechs drop 11% from the highs, officially in correction.
Stocks Are Tanking - Dow Hits 6-Month Lows
Submitted by Tyler Durden on 08/06/2015 - 11:41 The Dow is now down for the 6th day in a row (and 11 of last 13 days) as it tests 17,400 - its lowest level since January. With The S&P and Small Caps tumbling towards red year-to-date, Nasdaq remains 2015's big winner but is falling precipitously today...
Biggest "Plunge Protection" Buy/Sell Imbalance For 2015 Halts Market Slide
Submitted by Tyler Durden on 08/06/2015 - 10:58 Despite the ubiquitous pre-open ramp in stocks, it appears 'investors' want out in a hurry. With The Dow having fallen 150 points from its overnight highs - testing towards multi-month lows, Nanex points out that suddenly a bid arrived... the biggest buy imbalance of 2015 so far exploded into e-mini S&P futures and managed to save stocks from falling (for now). Plunge Protection Team? or dry powder dip-buyers manically trying to catch a falling knife on no news
Suicide Bomber Kills 13 At Saudi Mosque
Submitted by Tyler Durden on 08/06/2015 - 10:49 A suicide bomb attack inside a mosque in a local security forces headquarters in Abha city in south-west Saudi Arabia killed 13 people and wounded nine on Thursday, the Saudi state news agency reported, citing an interior ministry spokesman.
Fitness Fad FUBAR: FitBit Flounders As Planet Fitness IPO Fails
Submitted by Tyler Durden on 08/06/2015 - 10:22 Is the fitness fad fubar? It appears so. FitBit is getting hammered - down 10% overnight - and new IPO Planet Fitness is trading notably below its "no brainer" IPO price level...
by Steve St. Angelo, SRS Rocco:
In a stunning development, the world’s largest silver producing
countries reported big declines in recent months. This was surprising
because the top two producers, Mexico and Peru, stated positive growth
in the first two months of the year. However, silver production from
these two countries reversed this trend by declining in April and May.
While this was a significant drop in silver mine supply from the leading producers, what took place in Australia (world’s fourth largest silver producer), was quite a shocker. Not only did Australian silver production fall precipitously, it was down a stunning 31% during the first quarter of 2015 compared to the same period last year:
Read More…
In a stunning development, the world’s largest silver producing
countries reported big declines in recent months. This was surprising
because the top two producers, Mexico and Peru, stated positive growth
in the first two months of the year. However, silver production from
these two countries reversed this trend by declining in April and May.While this was a significant drop in silver mine supply from the leading producers, what took place in Australia (world’s fourth largest silver producer), was quite a shocker. Not only did Australian silver production fall precipitously, it was down a stunning 31% during the first quarter of 2015 compared to the same period last year:
Read More…
Obama’s Clean Power Plan, announced this week, is another box checked
off in his misunderstood plan to create a secret energy pipeline.By now, I suppose, it’s not so secret. Obama and his administration want nuclear to be a key part of the nation’s clean energy plans and goals.
True greenies hate this. Investors should love it.
And they do. Unless you read my columns weekly you likely missed the fact that Warren Buffet just took a big stake in a soon-to-be-established Kazakh uranium bank.
Read More
from Mark Dice:
from The Sleuth Journal:
Two novels made into films are a must read: George Orwell’s 1984 and
Jack Finney’s Body Snatchers . Both of these stories, in ironically
similar and differing ways, hypothesized how life would be under
totalitarian regimes. Another irony is that, when written, these novels
were focusing on communism in the Soviet Union. Well, things have
certainly changed haven’t they? 1984 is a mirror into how far our empire
has fallen from a so called democratic republic into the militaristic
and propagandized corporate police state similar in many ways to
Orwell’s Oceania. Meanwhile, as our empire tramps around in countless
countries with our jackboot military presence and collateral damage, our
citizenry here becomes more and more mesmerized by commercialism and
the narcotic of tasteless and meaningless media.
Read More
Two novels made into films are a must read: George Orwell’s 1984 and
Jack Finney’s Body Snatchers . Both of these stories, in ironically
similar and differing ways, hypothesized how life would be under
totalitarian regimes. Another irony is that, when written, these novels
were focusing on communism in the Soviet Union. Well, things have
certainly changed haven’t they? 1984 is a mirror into how far our empire
has fallen from a so called democratic republic into the militaristic
and propagandized corporate police state similar in many ways to
Orwell’s Oceania. Meanwhile, as our empire tramps around in countless
countries with our jackboot military presence and collateral damage, our
citizenry here becomes more and more mesmerized by commercialism and
the narcotic of tasteless and meaningless media. Read More
from The News Doctors:
No, they should move to New Hampshire, home of the Free State Project.
This radical social movement seeks to concentrate 20,000 liberty lovers
in one geographic area to “exert the fullest practical effort toward
the creation of a society in which the maximum role of government is the
protection of individuals’ rights to life, liberty, and property.”
The FSP is now at 85 percent of its goal. More than 17,000 participantshave pledged to move, and nearly 2,000 liberty lovers have already moved, with more arriving weekly.
Read More
No, they should move to New Hampshire, home of the Free State Project.
This radical social movement seeks to concentrate 20,000 liberty lovers
in one geographic area to “exert the fullest practical effort toward
the creation of a society in which the maximum role of government is the
protection of individuals’ rights to life, liberty, and property.”The FSP is now at 85 percent of its goal. More than 17,000 participantshave pledged to move, and nearly 2,000 liberty lovers have already moved, with more arriving weekly.
Read More
from Financial Survival Network:
What’s Imploding Next Wednesdays with Andrew Hoffman:
U.S. economy collapsing
Factory orders, trade deficit, ADP, consumer confidence
Fever pitch “misdirection” by Fed, Wall St., etc., of the recovery no one anywhere believes anymore
Commodities collapsing (as I predicted), and dollar soaring (as I predicted)
CRB breached 2008 lows this week, getting ready to breach 40 year lows
Unprecedented carnage
Greece! – Grexit coming!
China – Market crash
Puerto Rico – Defualted, tip of iceberg
Click HERE To Listen
What’s Imploding Next Wednesdays with Andrew Hoffman:U.S. economy collapsing
Factory orders, trade deficit, ADP, consumer confidence
Fever pitch “misdirection” by Fed, Wall St., etc., of the recovery no one anywhere believes anymore
Commodities collapsing (as I predicted), and dollar soaring (as I predicted)
CRB breached 2008 lows this week, getting ready to breach 40 year lows
Unprecedented carnage
Greece! – Grexit coming!
China – Market crash
Puerto Rico – Defualted, tip of iceberg
Click HERE To Listen
from Gold Core:
The recent lower prices in gold have not deterred investors
internationally from buying gold coins and bars in large volumes again.
Indeed the Perth Mint and the US Mint are struggling to fulfill demand
for gold coins and bars.
This is particularly the case in the eastern hemisphere – especially in India and China – where demand has again increased significantly on price weakness.
Between them, these two countries are on-track to import 2,000 tonnes of gold this year – that is more than two thirds of the total annual global gold mine production, which is set to be about 2,800 tonnes this year.
Read More
The recent lower prices in gold have not deterred investors
internationally from buying gold coins and bars in large volumes again.
Indeed the Perth Mint and the US Mint are struggling to fulfill demand
for gold coins and bars.This is particularly the case in the eastern hemisphere – especially in India and China – where demand has again increased significantly on price weakness.
Between them, these two countries are on-track to import 2,000 tonnes of gold this year – that is more than two thirds of the total annual global gold mine production, which is set to be about 2,800 tonnes this year.
Read More
from FreedomFighter2127:
by Melissa Dykes, TruthStreamMedia:
“When
the preferences of economic elites and the stands of organized interest
groups are controlled for, the preferences of the average American
appear to have only a minuscule, near-zero, statistically
non-significant impact upon public policy.” Gilens & Page (2014)
Remember the two guys that did the study which proved America is a oligarchy? (Not that those of us paying attention really needed a study to verify that.)
Vermont Senator Bernie Sanders later even asked Fed Head Janet Yellen during a hearing on Capitol Hill if she thought America was an oligarchy; even she couldn’t deny it.
Read More/Video
“When
the preferences of economic elites and the stands of organized interest
groups are controlled for, the preferences of the average American
appear to have only a minuscule, near-zero, statistically
non-significant impact upon public policy.” Gilens & Page (2014)Remember the two guys that did the study which proved America is a oligarchy? (Not that those of us paying attention really needed a study to verify that.)
Vermont Senator Bernie Sanders later even asked Fed Head Janet Yellen during a hearing on Capitol Hill if she thought America was an oligarchy; even she couldn’t deny it.
Read More/Video
from Washington’s Blog:
U.S. President Barack Obama has followed through on the secret promise he made in the White House, on 27 March 2009, to Wall Street’s CEOs, and that was finally made public in full only when Ron Suskind’s Confidence Men was issued in 2011. The phrase “My administration is the only thing between you and the pitchforks” had earlier leaked out from the private meeting, but Obama’s promise to them had not been: “I’m not out there to go after you. I’m protecting you.” Suskind also revealed (on page 234) that Obama said on that occasion, “I’m going to shield you.” Obama asked the CEOs, in return, for cuts in their bonuses, but he didn’t press the matter, and they didn’t do that. Suskind wrote: “The bankers realized he was talking about voluntary limits on compensation until the storm of public anger passed. It would be for show.” And, it was. Their bonuses soared again. But Obama continued protecting them.
Read More
U.S. President Barack Obama has followed through on the secret promise he made in the White House, on 27 March 2009, to Wall Street’s CEOs, and that was finally made public in full only when Ron Suskind’s Confidence Men was issued in 2011. The phrase “My administration is the only thing between you and the pitchforks” had earlier leaked out from the private meeting, but Obama’s promise to them had not been: “I’m not out there to go after you. I’m protecting you.” Suskind also revealed (on page 234) that Obama said on that occasion, “I’m going to shield you.” Obama asked the CEOs, in return, for cuts in their bonuses, but he didn’t press the matter, and they didn’t do that. Suskind wrote: “The bankers realized he was talking about voluntary limits on compensation until the storm of public anger passed. It would be for show.” And, it was. Their bonuses soared again. But Obama continued protecting them.
Read More
from The Daily Coin:
Over the past few years a lot of smart people have pointed out that
“collectivism” is not for them. There argument is sound and reasonable.
For the most part I would agree that individualism is the way to go. The
way we retain some of our dignity and humanity is by expressing our
individuality and making our individual presences known.
There is a flip side to all this that needs to be addressed. The criminal banking cabal, working in tandem with the federal government, (some would call it fascism and I would be one of them) work everyday as a collective. They plan how to steal from us, how to enslave us and, in some cases, how to kill us.
Read More
Over the past few years a lot of smart people have pointed out that
“collectivism” is not for them. There argument is sound and reasonable.
For the most part I would agree that individualism is the way to go. The
way we retain some of our dignity and humanity is by expressing our
individuality and making our individual presences known. There is a flip side to all this that needs to be addressed. The criminal banking cabal, working in tandem with the federal government, (some would call it fascism and I would be one of them) work everyday as a collective. They plan how to steal from us, how to enslave us and, in some cases, how to kill us.
Read More
by Jeffrey Nichols, GoldSeek:
At recent lows around $1075 an ounce, gold has been trading at the
lowest price level since February 2010. And, in recent days, the metal
has been consolidating in a narrow range just under $1100.
Now, it looks to me like gold is poised to break out one way or the other – but the question remains, “Which way?”
The answer may depend on some exogenous “outside the market” development, possibly a sharp sell-off in world equity markets or a spate of negative economic indicators making it less likely that the Fed will raise interest rates this autumn as most pundits expect.
Read More
At recent lows around $1075 an ounce, gold has been trading at the
lowest price level since February 2010. And, in recent days, the metal
has been consolidating in a narrow range just under $1100. Now, it looks to me like gold is poised to break out one way or the other – but the question remains, “Which way?”
The answer may depend on some exogenous “outside the market” development, possibly a sharp sell-off in world equity markets or a spate of negative economic indicators making it less likely that the Fed will raise interest rates this autumn as most pundits expect.
Read More
from Western Journalism:
Google Trends recently examined its own data to determine which Republican candidate was the most searched – by county – as the party’s first primary debate approaches.
Judging from Donald Trump’s strong showing in virtually all recent polls, it might be little surprise that he is likewise dominating Google searches. Seeing the color-coded evidence of this trend, however, has in itself sparked even more conversation about the brash billionaire.
Certain pockets of the nation – specifically Scott Walker’s home turf in Wisconsin – buck the national trend while entire states, like Arizona, are dominated by Trump inquirers.
Read More
Google Trends recently examined its own data to determine which Republican candidate was the most searched – by county – as the party’s first primary debate approaches.Judging from Donald Trump’s strong showing in virtually all recent polls, it might be little surprise that he is likewise dominating Google searches. Seeing the color-coded evidence of this trend, however, has in itself sparked even more conversation about the brash billionaire.
Certain pockets of the nation – specifically Scott Walker’s home turf in Wisconsin – buck the national trend while entire states, like Arizona, are dominated by Trump inquirers.
Read More
By now most of you have heard the rumors, but they may be much more than rumors.Recently, the Pope has sounded more like a bankster than a respected religious figure. The true colors of this Pope will soon be revealed. In September of 2015, the Pope will announce the orderly transition of the surrender of the national sovereignty of all nations which will culminate in world government. In other words, this Pope who says he endorses perversions repugnant to true Bible-believing Catholics, is allegedly going to announce the formation of the New World Order and that all 1 billion plus Catholics should willing to submit to the New World Order as is their duty as per the bastardized interpretation of Romans 13.
Read More
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