The centrally-planned house of cards is finally starting to shake uncontrollably.
Submitted by Tyler Durden on 09/04/2015 - 12:50
Remember last Friday? The Dow screamed 140 points higher in the last hour of the day to "prove" everything was awesome into the weekend. It wasn't! With The Dow down 300 points today, it is now 600 points below those panic-buying highs just a week ago...
Submitted by Tyler Durden on 09/04/2015 - 10:08
Submitted by Tyler Durden on 09/04/2015 - 13:34 Early last month, we noted the irony inherent in the fact that Saudi Arabia, whose effort to bankrupt the US shale space has been complicated by the Fed's ZIRP, was set to opportunistically tap the debt market in an effort to offset a painful petrodollar reserve burn. As Bloomberg reports, Qatar is now doing the same, "raising money from local banks as the slump in oil prices buffets the finances of the Middle East’s largest oil and gas exporters."
Submitted by Tyler Durden on 09/04/2015 - 13:18 The characteristic feeling of the post-2008 world has been one of anxiety. Occasionally, that anxiety breaks out into fear as it did in the last two weeks when stock markets around the world swooned and middle class and wealthy investors had a sudden visitation from Pan, the god from whose name we get the word "panic." Pan's appearance is yet another reminder that the relative stability of the globe from the end of World War II right up until 2008 is over. We are in uncharted waters. The relentless, if zigzag, rise in financial markets for the past 150 years has been sustained by cheap fossil fuels and a benign climate. We cannot count on either from here on out...
Submitted by Tyler Durden on 09/04/2015 - 13:07 After 6 straight weeks of rig count increases, last week saw a 13 rig drop - the most since May. This leave the rig count at its lowest since July 24th. WTI Crude jumped 60c on the news and is holding gains...
Submitted by Tyler Durden on 09/04/2015 - 11:36 Corruption isn't just bribes and influence-peddling: it's protecting the privileges of the few at the expense of the many. Rampant pollution is corruption writ large: the profits of the polluters are being protected at the expense of the millions being poisoned. What China will be left with a poisoned land stripped of talent and capital.
Submitted by Tyler Durden on 09/04/2015 - 10:47 On the heels of the unprecedented proximity of 5 Chinese naval ships in the Bering Sea, U.S. military satellites have been tracking a Russian spy ship - capable of cutting undersea communications cables and other sensors - since it was spotted in the north Atlantic last month off the coast of Kings Bay, Ga., home to the U.S. Navy’s East Coast ballistic missile submarine fleet. As FOX News reports, The Pentagon says the ship is transiting toward its next destination - Cuba.
On Wednesday we noted, with some alarm, that just as Xi Jinping was busy putting China’s military might on display for the entire world to observe via a massive parade (a parade which, incidentally, provided China’s weary masses with some much needed mental relief after weeks of hand-wringing over stock market meltdowns and deadly chemical explosions), the Chinese navy was spotted off the coast of Alaska. “It’s difficult to tell [what they’re doing] exactly, but it indicates some interest in the Arctic region,” a Pentagon official told WSJ, adding that, “it’s different.”
To that, we said the following: “Different” indeed, as in “uprecedented”, and while we won’t endeavor to jump to conclusions, we would note that the PLA hasn’t exactly been shy when it comes to challenging the US from a maritime perspective of late and of course, the US has had its ships and carriers to the east and south of China for decades, so it would appear that Xi is intent on giving Washington a taste of its own medicine.
Submitted by Tyler Durden on 09/04/2015 - 12:45 "What happens in any bull asset bubble such as what we've seen is you run out of buyers. It's hard to get deals done if the bottom third can't get a mortgage."
Submitted by Tyler Durden on 09/04/2015 - 12:22 The can is no longer rolling along. Instead, it has come to a near halt, with central bankers and government policymakers desperate to give it another boot. Watch out!
Submitted by Tyler Durden on 09/04/2015 - 11:56 Low oil prices? Low interest rates? Jobs galore? Wages pressures? Time for a rate hike? Then explain this...
Submitted by Tyler Durden on 09/04/2015 - 11:12 Meanwhile, in Turkey...
Submitted by Tyler Durden on 09/04/2015 - 11:09 Since the start of the Second Great Depression, the US economy has lost 1.4 million manufacturing workers, but has more than made up for this with the addition ff 1.5 million waiters and bartenders.
Submitted by Tyler Durden on 09/04/2015 - 10:43 FANG - Forget About New Gains? It appears another one of the legs of the new investing meme has broken. NFLX is now down 25% from its record highs in August and has entirely roundtripped from the post-stock-split exuberance...
Submitted by Tyler Durden on 09/04/2015 - 10:25 While conspiracy theories of Trump's run as a disruptive influence in the Republican ranks to 'help' Hillary seems to be floundering following his pledge and jibes yesterday, it appears the two have more in common than anyone could have believed. It turns out Hillary Clinton and Donald Trump are distant cousins - sharing royal blood that runs deep in their family lines. No wonder The Oligarchy is so comfortable ruling over us serfs.
Submitted by Tyler Durden on 09/04/2015 - 10:07 While we have exposed the ugly under-belly of today's jobs data, mainstream media is spinning it as a 'Goldilocks' report with enough hits-and-misses for every hawk or dove. The market's initial reaction signals rising expectations of a September rate hike but, as Goldman's Jan Hatzius explains, they continue to expect the FOMC to keep policy rates unchanged at the September 16-17 meeting.
Submitted by Tyler Durden on 09/04/2015 - 10:01 Copper prices are in free-fall this morning, slammed lower by the "good-enough" jobs data. But we suspect the real reason lies elsewhere...
Submitted by Tyler Durden on 09/04/2015 - 09:56 According to the BLS, the main reason why the unemployment rate tumbled to the lowest since April 2008 is because another 261,000 Americans dropped out of the labor force, as a result pushing the total number of US potential workers who are not in the labor force, to a record 94 million, an increase of 1.8 million in the past year, and a whopping 14.9 million since the start of the second great depression in December 2007.
Official US claims about wanting to degrade and defeat ISIS are a complete fabrication. Washington actively recruits their fighters along with other takfiri elements – as foot soldiers for endless wars of aggression against nations targeted for regime change.
Ongoing US terror bombing in Syria and Iraq supports their ground operations – polar opposite official claims about wanting them defeated.
After thousands of airstrikes in both countries, ISIS forces are stronger than ever, controlling more territory. In June, Obama lied saying “I’m confident…that we are going to be successful (in) defeat(ing)” ISIS.
The system is willing to break a few eggs and ruin lives in order to achieve their global vaccination agenda – all while they insist that vaccines are both safe and effective. To say otherwise – even in the face of admitted facts – is pure heresy.
A few years ago, I stumbled upon a big dirty secret that is harming tens of thousands of children. It was being reported overseas, but ignored by the mainstream media.
Doctors in India tracking problems inside the nation’s health system found a huge spike in young children who were crippled after receiving the oral polio vaccine. I wrote at the time:
Well, here’s definitive proof that a large organization can have a mind: NATO has clearly lost one.
NATO was supposed to “defend” Europe against the Soviet Union. A whole lot of people believed that, at least until the Soviet Union ended.
Then NATO was supposed to “defend” Europe against Iran. I think about 8 people believed that, not counting U.S. senators. But then Iran made a deal for the toughest inspections of its non-existent nuclear weapons program in the history of the world.
Researchers have found that in some biotech study cases meant to measure the safety of Round Up crops, the rat feed given to rats in both the control group AND the testing group was contaminated with the same GMOs and pesticides (and heavy metals). In other words, laboratory rodent feeds are highly contaminated with pesticides, toxic metals, PCBs, and GMOs.
The study comes from researchers at the University of Caen in France and is slated to be published in the journal PLOS ONE.
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