Having warned that "we are on the precipice of a liquidation in emerging markets like the fourth quarter of 1997," Passport Capital's John Burbank sits down with RealVisionTV to discuss why "the Fed would eventually be forced into a fourth round of quantitative easing to shore up the economy." Being among 2015's best performing hedge funds, successfully navigating this turmoiling unwind of the Fed's efforts to "mean-revert" the world's assets back to normal, Burbank concludes, "nothing's safe," no matter what The Fed does, "the liquidity of everything is being taken down."
The Final Flush Is At Hand!
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Submitted by Tyler Durden on 09/27/2015 - 22:15 Whether it’s the economy, climate, the planet, warfare, your future obligations, your pensions, the future of your children, nobody in power tells you the truth. Human life is fast losing the value we would like to tell ourselves we assign to it. We don’t, do we? Our technological advances haven’t come with moral advances, quite the contrary, our morals turn out to be a thin layer of mere cheap veneer. What advances we’re making are the last death rattle of a society in decline, and a dying civilization.
Submitted by Tyler Durden on 09/27/2015 - 21:40 Despite the Fed continuing to kick this down the road, they continue to claim that we are in the middle of an ongoing recovery. There’s just one problem with that: things are getting worse than pre-crisis levels for millions of the poorest Americans. Possibly even more concerning is the fact that the amount of Americans living below the poverty line has soared since 2007.
Submitted by Tyler Durden on 09/27/2015 - 18:45 At the height of the financial crisis, the unprecedented decline in swap rates below Treasury yields was seen as an anomaly. The phenomenon is now widespread, as Bloomberg notes, what Fabozzi's bible of swap-pricing calls a "perversion" is now the rule all the way from 30Y to 2Y maturities. As one analyst notes, historical interpretations of this have been destroyed and if the flip to negative spreads persists, it would signal that its roots are in a combination of regulators’ efforts to head off another financial crisis, China selling pressure (and its impact on repo markets) and "broken" wholesale money-markets.
Submitted by Tyler Durden on 09/26/2015 - 23:20 Neoliberal economics is blind to reality and serves to justify the destruction of the economic prospects of the Western World. It remains to be seen if Russia and China can develop a different economics or whether these rising superpowers will fall victim to the “junk economics” that has destroyed the West. With so many Chinese and Russian economists educated in the US tradition, the prospects of Russia and China might not be any better than ours. The entire world could go down the tubes together.
Western Propaganda Machine Kicks Into Overdrive As UK Brands Assad "A Butcher", France Bombs Syria In "Self Defense"Submitted by Tyler Durden on 09/27/2015 - 21:05 "He’s butchered his own people, he’s helped create this conflict and this migration crisis, he’s one of the great recruiting sergeants for ISIL."
Submitted by Tyler Durden on 09/27/2015 - 09:43 In a move that would make even Hewlett-Packard's Meg Whitman blush, Harbin-based Heilongjiang Longmay Mining Holding Group, or Longmay Group, the biggest met coal miner in northeast China which has been struggling to reduce massive losses in recent months as a result of the commodity collapse, just confirmed China's "hard-landing" has arrived when it announced on its website it would cut 100,000 jobs or 40% of its entire 240,000-strong labor force.
Submitted by Tyler Durden on 09/27/2015 - 20:30 "The discrepancy between economic growth and the two key indicators' growth in the first six months did not fit with previous patterns, but industrial restructuring is a new factor, and should be taken into account when analyzing the new situation."
Submitted by Tyler Durden on 09/27/2015 - 19:55 The global Bubble is bursting – hence financial conditions are tightening. Bubbles never provide a convenient time to tighten monetary policy. Best practices would require central bankers to tighten early before Bubble Dynamics take firm hold. Central bankers instead nurture and accommodate Bubble excess. It ensures a policy dead end - the faltering global Bubble has progressed beyond the point where Fed rate policy has much impact.
US On The Ropes: China To Join Russian Military In Syria While Iraq Strikes Intel Deal With Moscow, TehranSubmitted by Tyler Durden on 09/27/2015 - 11:59
“They often make use of the fact that for many people the content of the message is less important than the way it is delivered.
A confident, aggressive delivery style – often larded with jargon, clichés, and flowery phrases – makes up for the lack of substance and sincerity in their interactions with others … they are masters of impression management; their insight into the psyche of others combined with a superficial – but convincing – verbal fluency allows them to change their personas skillfully as it suits the situation and their game plan.
They are known for their ability to don many masks, change ‘who they are’ depending upon the person with whom they are interacting, and make themselves appear likable to their intended victim…
Nuclear Expert: US West Coast being continuously exposed to Fukushima radioactive releases, it’s an ongoing tragedy — Marine Chemist: Impossible to stop nuclear waste flowing into ocean; “It never will be… that’s what keeps me up at night” — Radiation levels spiked 1,000% since floods
A new study reveals ginger contains a pungent compound that could be up to 10,000 times more effective than conventional chemotherapy in targeting the cancer stem cells at the root of cancer malignancy.
A new study published in PLoS reveals a pungent component within ginger known as 6-shogaol is superior to conventional chemotherapy in targeting the root cause of breast cancer malignancy: namely, the breast cancer stem cells.
Most Natural News readers know and understand the health benefits of green tea, but a new kind of “super tea” has been found to have as much as ten times more antioxidant content than regular green tea.
As reported by Fox News, the antioxidants in green teas have long been known to dramatically improve heart health and brain function, but now researchers have found that matcha, a powder made from young green tea leaves that are placed in shade two to four weeks before harvesting, contain several times more antioxidants.
“When it’s shaded for that long, you up the chlorophyll, you up the antioxidant level, and it just completely changes the profile of the plant,” Dr. Mariza Snyder, author of The Matcha Miracle, told Fox News. “After they harvest, they steam, dry, then grind it with a stone grinder. You’re consuming the entirety of the leaf.”
Submitted by Tyler Durden on 09/27/2015 - 19:20 Having achieved his militarist goals, amid massive protests and plunging popularity, it appears Shinzo Abe is rapidly taking gaining on Vladimir Putin's spot atop the tyrannical-dicators-of-the-world-meme. By pushing through this change to Japan’s pacifist constitution, Japan’s nationalists have gotten their foot in the door, so to speak; and as Pater Tenebrarum notes, once a long-held principle is abandoned, further steps to alter the legal framework are usually not long in coming, prompting, as TokyoReporter.com reports, a 71-year-old man to allegedly deface roughly 30 political posters - drawing a hitler-esque moustache on Abe posters.
Submitted by Tyler Durden on 09/27/2015 - 17:15 The Western gold space has learned a great deal about the Chinese gold market and global gold flows, though we’re always left with loose ends. For example, the issue regarding PBOC gold purchases; how much gold do they truly have and where was it bought? Does the PBOC buy 400-ounce Good Delivery (GD) bars in London and covertly transports these gold bars to its gold vaults in China mainland, or are the Good Delivery gold bars shipped to Switzerland, refined into 1 Kg 9999 gold bars, sent forward to the Chinese mainland where they’re required to be sold through the SGE gold exchange and from where they can be bought (in clear sight) by the PBOC.
Submitted by Tyler Durden on 09/27/2015 - 14:12 CATALAN SEPARATISTS CLOSE TO 50% OF VOTES: EXIT POLL
Submitted by Tyler Durden on 09/27/2015 - 12:45 High stakes poker, winner takes all. Traders better have their trade plans ready: The next 3 weeks will likely determine whether we enter a lengthy bear market or whether bulls can use coming positive seasonality to avert a major market break one more time. As the following charts show, by the end of October we shall have confirmation one way or the other...
Actually it's really 22.9 % according to the only reliable source available... www.shadowstats.com
Submitted by Tyler Durden on 09/27/2015 - 13:30 Dear Fed Chairwoman Yellen: if you are still confused why there is so much slack and so little wage growth in the US economy despite the 5.1% "reported" unemployment rate, here is the answer: instead of a 5.1% unemployment rate in August, the true unemployment rate in the "land of the free" has been rising ever since the financial crisis, and is above 12% for the past three years.
Submitted by Tyler Durden on 09/26/2015 - 20:50 Despite billions spent to eradicate opium crops in Afghanistan, the crop is more popular than ever there, leading many to wonder whether some U.S. forces may actually be encouraging its growth and the heroin it later becomes.
Submitted by Tyler Durden on 09/26/2015 - 20:20 "...there’s an enormous and growing disconnect between the cash and physical markets for gold. This is exactly what we would expect to precede a major market-shaking event based on a physical gold shortage."
Submitted by Tyler Durden on 09/26/2015 - 20:15
Submitted by Tyler Durden on 09/26/2015 - 19:03 And for once it isn't Apple...