Update: CHINA SUMMONS U.S. AMBASSADOR OVER SOUTH CHINA SEA PATROL: CCTV
"The behavior of the U.S. warship threatened China’s sovereignty and national interest, endangered the safety of the island’s staff and facilities, and harmed the regional peace and stability."
The slow motion financial holocaust has been underway for some time now.
Goldman Sach recently commented that we are in the third wave of the great crisis. What happened in 2008 remains directly relevant to the personal financial risk that most Americans face at the brink of the next phase of the collapse.
It’s almost like they’re looking for a sacrificial lamb… the banks have gotten away with murder too many times to count. Those who might be tried under a truly fair system instead stand firm with their understanding of impunity, an arrangement befitting their position and stature in society, that they will never be seriously investigated, much less prosecuted, for their role in the manipulation that caused the biggest problems.
Submitted by Tyler Durden on 10/27/2015 - 08:05 Last week, in the aftermath of dovish announcements by first the ECB and then the PBOC, the S&P500 jumped another 2.1% rising to its best level since early August. But who was buying? We now know who wasn't: according to BofA "BofAML clients were net sellers of US stocks for the third consecutive week, in the amount of $1.7bn. Similar to in the prior two weeks, institutional clients, hedge funds, and private clients alike were all net sellers."
not as rosy as Tim Cook told Jim Cramer after all, is not seeing many BTFDers this morning. As we previously noted, the China channel checks painted an ugly picture, and now JPMorgan (while maintaining their 'overweight' rating on AAPL) is warning that it expects "cautious guidance" amid a weakening global macro picture.
Are you dumb enough to use facebook?
"Cry Baby" Boner...Thought we were getting rid of this piece of SHIT and replacing it with another?
BOEHNER SAYS AGREES WITH RYAN THAT PROCESS THAT PRODUCED BUDGET DEAL "STINKS"; BUT ALTERNATIVE WAS CLEAN DEBT CEILING HIKE OR DEFAULT
And as Boehner's last act, he now has the honor of telling the US public that its latest and greatest debt target has just been increased to just shy of $20 trillion.
In Tobe Hooper’s 1982 horror film ‘Poltergeist’, strange things start happening in the Freeling household.
Unbeknownst to its occupants, the house is built on ancient Indian burial ground. The TV set comes to life; glasses of milk break all by themselves; furniture starts moving of its own accord.
Having spent the day watching the mounting weirdness with just her small daughter for company, Diane Freeling (played by JoBeth Williams) happily greets her husband Steven (played by Craig T. Nelson) as he returns home from work.
As she sits him down and tries to explain the freak occurrences, she prefaces the story with this:
Submitted by Tyler Durden on 10/27/2015 - 10:08 Despite ongoing low gas prices, a recovery in stocks, and the nationally-advertised unemployment rate remaining low, Consumer Confidence tumbled in October from eight-year highs to three-month lows. Worse still, "hope" slid to its lowest in 3 months as "jobs plentiful" slid notably with fewer jobs and decreasing income.
Submitted by Tyler Durden on 10/27/2015 - 09:56 In January when Markit Services PMI printed 54.2, the weakness was blamed on weather (and port strikes). Now it is sunny October, following the warmest September ever on Earth, and Services PMI has plunged to 54.4 - its lowest in 9 months (handily missing the 55.5 bounce expectation). This flash data shows the weakest payroll numbers since February and business confidence remains just marginally higher than the three-year lows of July. As Markit warns this weakness "will add to calls for policymakers to delay hiking interest rates until the economy finds a firmer footing."
Submitted by Tyler Durden on 10/27/2015 - 09:50 The head of the UN Human Rights Council is at it again, although this time it appears Saudi warplanes spared the Yemeni wedding parties in favor of a Medecins Sans Frontieres hospital that was completely destroyed along with all of the equipment and supplies inside around 11:30 PM local time. This is latest in a string of "mistakes" and the second tragedy to strike an MSF facility in the last 30 days.
Submitted by Tyler Durden on 10/27/2015 - 09:42 We have heard many explanations for the torrid market rally since last September, ranging from the rational - short squeeze - to the generic - "bad news is good news under central planning" to the deranged - "ignore the news, the U.S. economy is actually stronger and China is recovering." And now, courtesy of the U.S. Treasury's Office of Financial Research, here is the official explanation from the government itself.
Submitted by Tyler Durden on 10/27/2015 - 08:57 Don't think the Status Quo will save you, or make good on its vast multitude of promises. Naive faith in promises and fantasies isn't helpful in the real world.
Submitted by Tyler Durden on 10/27/2015 - 08:11
Over the past year and half, a surging outbreak of Ebola virus has put entire countries in West Africa under duress, putting villagers’ immune systems to the test of their life. Approximately 11,300 people in Liberia, Sierra Leone, and Guinea have passed away, and at least 17,000 others have survived. After enduring two waves of vicious Ebola outbreak, these countries are now only seeing a few cases crop up in Guinea. However, researchers are discovering what might be the beginnings of a third Ebola wave.
Reports on the ground indicate that survivors are having a hard time settling back into their communities. Facing fear and paranoia from other residents, survivors are doing everything they can to prove they are healthy and not carrying around remnants of the Ebola virus.
In the case of $90B market cap implosion Enron, it was a structuring of off-balance sheet entities that were used to artificially boost sales, hide questionable activities, skirt the regulators/auditors and enrich senior management that thought they were SO SMART at running the con that they obviously deserved a big payout.
The Great Recession officially ended in the summer of 2009. That was a long time ago. Yet somehow along the windy road, Millennials are not feeling the love from this so-called economic recovery. Millennials continue to graduate with mountains of student loan debt coming out with an average of $30,000 per graduate. Millennials are struggling to find good paying jobs in a sea of low wage employment that in many cases is a mismatch for their degrees. You also have a large number of Millennials living at home with their parents unable to move out into a rental or to purchase a new home. Part of this stems from lower incomes but also the inflated cost of housing brought on by an artificially low rate environment and big investors crowding out regular first time buyers. In many ways, the recession is still very much here for Millennials and this is the next big cohort to move through the economic system.
If you are stupid enough to vote for this Asshole...Please leave now and Never return...
Sen. Lindsey Graham (R-S.C.), in an interview with MSNBC’s “Morning Joe” on Monday, sized up his competition in the Republican primary race for the White House and wondered, “How am I losing to these people?”
“On our side, you got the number two guy tried to kill somebody at 14, and the number one guy’s high energy and crazy as hell. How am I losing to these people?” Graham asked, referring to retired neurosurgeon Dr. Ben Carson, who admitted Sunday that he tried to stab someone when he was a teenager, and Donald Trump, respectively.
“But just look at Donald Trump’s foreign policy. What is it? What’s he gonna do about ISIL? What is it? What is his game plan to destroy ISIL? Does anybody know?” Graham asked.
Here's another lying Asshole...
by Lee Fang, The Intercept:
Rep. Paul Ryan, R-Wis., the Washington Post reports, is preparing to hire David Hoppe, a veteran lobbyist, to manage his office, “should Ryan be elected House speaker this week, as is widely expected.”
While Ryan cited Hoppe’s “passionate commitment to conservative principles” as the reason for selecting him as chief of staff, Hoppe has a long history of helping clients advance policy issues considered anathema by grassroots conservative activists. And in some cases, Hoppe helped clients back legislation fiercely opposed by Ryan.
3 Assholes in a row...
filed under (unt I don't know why... but I keep forgetting to add the last )
I have always said she was an OLD BITCH...
At 69 years of age during the next presidential inauguration, Hillary Clinton will be the second oldest president if elected. When the next president is inaugurated on Jan. 20, 2017, Clinton will be 69 years, two months and 25 days old and only Ronald Reagan was older at his inauguration, but only by a little over eight months.
So far, the second oldest president at inauguration, William Henry Harrison, was 68 years and 23 days old upon his swearing in, an age which Clinton will reach a little over three weeks from now.
Although age is just a number, the former Secretary of State is also suffering from numerous health problems which raise doubts over her ability to serve as president.
Boy, it’s a lucky thing those Republicans really held Hillary Clinton’s feet to the fire about “Benghazi” last week.
Before the hearings, the bookmakers were giving Hillary a 44% chance of becoming the 45th president of the United States.
Following Hillary’s 11-hour grilling on live TV, they’re putting her chance at … er … 50%.
That’s some work.
At this stage, anyone wanting to place a bet on her winning the White House can get no odds better than even, according to bookmakers’ websites.
GM and biotech companies responsible for inflated pharmaceutical prices were already taking a beating on the stock market, but after the latest report from Citron Research classifying Valeant Pharmaceuticals Intl Inc as a “pharmaceutical Enron,” the whole sector has come tumbling down like the house of cards it truly is.
Citron’s report, coupled with the FDA’s report warning that AbbVie Inc’s Viekira Pak and Technivie could cause serious liver injury, mean that stocks fell more than 10-20 percent in a single day. While stocks can regain loses just as quickly, the overall sentiment among investors has not been positive for biotech.
A rural Alabama judge is under fire for offering minor crime offenders the option of giving blood in lieu of paying monetary fines for their crimes, or going to jail.
A private food testing lab called Clear Food is ramping up with a project it says will publicly post scores for foods based on whether the food composition matches the label. Sadly, this lab wants to be a “friend” of the food industry and won’t be testing for GMOs, pesticides or anything not listed on the label. They’re not even releasing the brand names of the hot dogs contaminated with human DNA!
In its first big announcement, the lab tested hundreds of hot dogs and veggie dogs and found some very disturbing things.
For starters, it found human DNA in hot dogs. “Two percent of all samples were found to have traces of human DNA in them. Veggie dogs were the worst off, accounting for 67 percent of the hygiene issues and two-thirds of the human DNA found,” reports Yahoo News.
Quick trials on the spot...and Public Hangings will stop it pretty fast...