Submitted by Tyler Durden on 09/15/2015 - 16:39
And so, dear 30,000 formerly-well paid computer engineers and technicians: welcome to the fast-food recovery. And don't forget to BTFD with all that spare cash...
This Is Why Hewlett-Packard Just Fired Another 30,000
Submitted by Tyler Durden on 09/15/2015 - 16:39 Remember when Hewlett-Packard announced it would fire 58,000 in February just so the company could spend even more billions on stock buybacks to make its shareholders filthier rich? Alas, since then things have gone south not only for HPQ stock but also for the company's buybacks activity and so Meg Whitman clearly needed to spend even more on buybacks. But where to get the money? Wait, here's an idea: lets fire another 30,000!Explosive Allegation: Citigroup Leaked Central Bank Trading Activity
Submitted by Tyler Durden on 09/15/2015 - 15:52 Over the pastt 7 years, Wall Street has had its fair share of allegations of criminal market manipulation but few compare to the testimony unveiled this week by former, and very much disgruntled, Citi FX trader who slammed the bank with the explosive allegation that it was leaking central bank trading data to select clients: "Our Investor Desk would comply with a weekly request from (a client) for details of Central Bank activity that Citi had transacted."
Putin Accuses World Of "Using Terrorist Groups" To Destabilize Governments
Submitted by Tyler Durden on 09/15/2015 - 17:00 "Countries need to put aside geopolitical ambitions [and] direct or indirect use of terrorist groups to achieve goals that include regime change, in order to counter the threat of Islamic State. Elementary common sense responsibility for global and regional security demands the collective effort of the international community."
WTI Crude Jumps After API Reports Unexpected Inventory Draw
Submitted by Tyler Durden on 09/15/2015 - 16:39 After 2 weeks of inventory builds (and production drops), API reports an unexpected 3.1 million barrel inventory draw (with Cushing drawing down 1.5mm bbl). Crude surged back above $45 on the news...
Could An Interest Rate Hike Be The Last Straw Before War?
Submitted by Tyler Durden on 09/15/2015 - 16:30 The world today sits upon a very precarious point. One thing that’s not a “guess” is the way nations or economies have dealt with economic turmoil. History is far too littered with varying forms of “war” as not only the response, but also as the direct consequence of failed economic policies. Either of their own making or brought about by another. It doesn’t matter whether self-inflicted or not. The end game is the same: Currency war, Trade war, Diplomatic war, right down to actual combative kinetic war.
from Gold Core:
One of the best interviews we have seen about gold in recent weeks took place last week. It was a Bloomberg interview which involved Peter Hambro being interviewed by Francine Lacqua and Manus Cranny on Bloomberg Television’s “The Pulse.”
Some of the great quotations from this refreshing interview include:
One of the best interviews we have seen about gold in recent weeks took place last week. It was a Bloomberg interview which involved Peter Hambro being interviewed by Francine Lacqua and Manus Cranny on Bloomberg Television’s “The Pulse.”
Some of the great quotations from this refreshing interview include:
- “I believe it [gold] is [still the safe haven]… [This gold coin] 2000 years ago buys the same amount of bread today as it did when Jesus Christ was born. That is a real safe haven asset…
- “That is real gold. The alternative is paper gold…other people’s promises. That is nobody’s promise. This is real. You can feel the weight of it. It’s lovely… “
Bonds Baumgartner'd As Bad Data Sparks Unhedged Panic-Buying In Stocks
Submitted by Tyler Durden on 09/15/2015 - 16:05
What The Bookies Say About Donald Trump's Chances
Submitted by Tyler Durden on 09/15/2015 - 15:55 According to 'PredictIt' - the new InTrade - Jeb Bush remains the bookies favorite to get the Republican presidential nomination. The Donald is ranked 3rd in the betting (after Rubio) where a 23c bet will win $1 if Trump gets the nod. Trump is not a total "loser" though as he is odds-on favorite to get the most speaking time in the forthcoming CNN debates. Surveys and Polls are fickle, so follow the money... Clinton is the clear "money" favorite for The White House...
from KingWorldNews:
As the world awaits the Fed decision this week, the Godfather of
newsletter writers, 91-year-old Richard Russell, says the U.S. has a
ticking time bomb, rigged markets and a desperate Fed. The legend also
covered the major markets and the ultimate refuge.
Richard Russell: “Normally, free markets allocate capital very efficiently. But the Federal Reserve has taken over the free market and as a result, money has gone mostly to the upper 1%. One of the results is that savers are unable to get satisfactory returns on their money.
Read More
As the world awaits the Fed decision this week, the Godfather of
newsletter writers, 91-year-old Richard Russell, says the U.S. has a
ticking time bomb, rigged markets and a desperate Fed. The legend also
covered the major markets and the ultimate refuge.Richard Russell: “Normally, free markets allocate capital very efficiently. But the Federal Reserve has taken over the free market and as a result, money has gone mostly to the upper 1%. One of the results is that savers are unable to get satisfactory returns on their money.
Read More
Destroying The "There Are No Signs Of An Imminent Recession" Meme In 4 Charts
Submitted by Tyler Durden on 09/15/2015 - 15:35 Day after day investors are treated to 5-Star Morningstar managers, so-called "strategists", economissseds with entire religions on the line, and circus barkers who proclaim that: a) The US is decoupled from the rest of the world; and/or b) The US is the cleanest dirty shirt; an/or c) There are no indications that the US economy is near a recession. Here are four simple charts - from, just today's data - that destroy this glass half full and rose-colored ignorance of reality..."A Few People Are Going To Drown": Oil Patch Financing Dries Up As BTFDers Back Up The Truck
Submitted by Tyler Durden on 09/15/2015 - 15:15
Is This The True State Of The US Labor Market?
Submitted by Tyler Durden on 09/15/2015 - 14:55 Despite all the confidence-inspiring propaganda from any and every mainstream talking-head, CEOs are cautious about the U.S. economy’s near-term prospects and are trimming business plans for hiring and capital investment over the next six months. According to The Business Roundtable, the CEO Economic Outlook Index tumbled 7.2 pts, from 81.3 in Q2 to 74.1 in Q3 with the disparity between CEO's employment perspective and the BLS 'augmented reality' having never been higher.How Much Would A Bernie Sanders Presidency Cost? Spoiler Alert: A Lot
Submitted by Tyler Durden on 09/15/2015 - 14:35
Two days and counting to, yet again, “the most important Fed meeting
ever.” Which CNBC, lowest-ever ratings and all – believes is worthy of a
“countdown clock.” And yet, whilst it hit two days, 6 hours, and 20
minutes as I was at the gym this morning, two other, far more important
data points were conspicuously absent. As they have been for the past
two weeks, when CNBC’s leadership decided that neither the 10-year
Treasury yield nor the Shanghai stock market were worthy of scrolling.
And regarding the latter, it’s not because CNBC decided to stop
scrolling Asian stocks – which would be quite a stupid idea itself,
given how the MSM likes to blame Asia for America’s problems. To the
contrary, they have decided Australia’s stock market should replace China’s on their scroll, given how eminently important the bourse of a nation of 23million is, compared to one of 1.5 billion citizens!Yes, the “most important Fed meeting ever” – which we have been told of every time Bernanke, Yellen and company have met for the past 2½ years. That is, since the infamous “closed door” meeting between Obama and the top “TBTF” bank CEOs on April 11th, 2013 – after which, the propaganda buzzword “tapering” was introduced – and the day afterward, the “alternative currency destruction” paper gold and silver raids.
Read More
from Ready Nutrition:
“Good bread is the most fundamentally satisfying of all foods; and good bread with fresh butter, the greatest of feasts.” ― James Beard
Staple foods are foods that are eaten consistently and in large quantities to make up the bulk of calories and nutrients in a standard diet. Bread, in all its forms is the most widely consumed staple in the world. In the United States, that food is usually bland, pre-sliced, store-bought white bread made with grains (usually wheat) that has been so stripped of its natural nutritional power that it now needs to be fortified. Learning to bake healthy, delicious bread at home is easier than most people think and certainly more economical.
Read More
“Good bread is the most fundamentally satisfying of all foods; and good bread with fresh butter, the greatest of feasts.” ― James BeardStaple foods are foods that are eaten consistently and in large quantities to make up the bulk of calories and nutrients in a standard diet. Bread, in all its forms is the most widely consumed staple in the world. In the United States, that food is usually bland, pre-sliced, store-bought white bread made with grains (usually wheat) that has been so stripped of its natural nutritional power that it now needs to be fortified. Learning to bake healthy, delicious bread at home is easier than most people think and certainly more economical.
Read More
from The Next News Network:
Deutsche Bank (DBKGn.DE) aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank (DPBGn.DE) division, financial sources said on Monday.
Deutsche Bank (DBKGn.DE) aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank (DPBGn.DE) division, financial sources said on Monday.
from Outsider Club:
Headline GDP, factory output, property values, heavy-equipment sales, fixed asset investment…
All of these measures and more are painting an increasingly bleak picture of China’s economy. The slump has roiled stock markets (which were blown into a massive bubble) and spurred an emergency devaluation of the yuan.
Yet, the China’s economy continues to sputter. And that has policymakers weighing their options – including a multi-trillion yuan fiscal stimulus similar to the one deployed during the financial crisis.
Read More
Headline GDP, factory output, property values, heavy-equipment sales, fixed asset investment…
All of these measures and more are painting an increasingly bleak picture of China’s economy. The slump has roiled stock markets (which were blown into a massive bubble) and spurred an emergency devaluation of the yuan.
Yet, the China’s economy continues to sputter. And that has policymakers weighing their options – including a multi-trillion yuan fiscal stimulus similar to the one deployed during the financial crisis.
Read More
/
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
No comments:
Post a Comment