Monday, October 26, 2015

"How Would One Position For One Final Melt-Up On Wall Street"? - Here Is BofA's Answer

"It could simply be 1998/99 all over again. After all, a “speculative blow-off” in asset prices is one logical conclusion to a world dominated by central bank liquidity, technological disruption & wealth inequality. What worked back then? What rose from the rubble of 1998? How would one position for one final melt-up on Wall Street..."

America's Top 10 Fears

"Our Data Is Not Good" - US Companies Warn That A Recession Is Coming

"The ability of corporations to take a 1% to 2% revenue line [gain] and turn it into 5% to 6% profit growth is waning. They’ve run out of rabbits to pull out."

The Fed Can’t Raise Rates, But Must Pretend It Will

"We can look forward... not precisely to a 1929-type depression, but to an inflationary depression of massive proportions."

"If Chinese Consumption Is Rising, Why Are Its Malls Empty" Many Ask; Here Is The Answer

Reuters asks this morning: "if why are malls closing if consumption is rising?" Here are some attempts to answer this critical question.

Key Events In Another Central Bank-Dominated Week

Last week it was all about central banks, when both the ECB and the PBOC unleashed a massive market rally. This week it will be about even more central banks, this time the Fed, which won't hike, and the BOJ, which may but most likely won't as the Fed and the ECB already did its work for it, sending the Yen tumbling with their actions and/or jawboning.

"Smaller Suppliers Will Go Out Of Business": Hail Mary Time For Wal-Mart, As Vendors Pushed To Brink

It's crunch time for Wal-Mart as the iconic retail behemoth struggles to cope with the fallout from a move to spend billions on wage hikes for its meagerly compensated hourly employees. In order to avoid passing on rising labor costs to customers, the company has set its sights on the supply chain where some smaller vendors now say they're being driven out of business entirely.

WTI Crude Contango Collapsed To 5-Month Lows Amid Growing "Over-Supply" Concerns

At $44.21 (fro the Dec contract), WTI is trading at its lowest level since August 28th (in the middle of the month-end massacre). The WTI-Brent  spread is at its widest in over 2 weeks "stressing the need for U.S. output to drop to get rid of the oversupply," warns Commerzbank commodity strategist Carsten Fritsch. Even more worrisome (for future hope), is the plunge in prompt contango (1st month - 2nd month) which has collapsed to 5-month lows.

Bank of Japan Will Not Boost QE This Week, Abe Advisor Warns; Yen Jumps

Having soared 175 pips in two days, on the back of ECB and PBOC actions, USDJPY is rolling over this morning as a senior adviser to Japanese PM Shinzo Abe tells Reuters that The Bank of Japan "can wait a while" before easing more. This follows another adviser's comments on Friday that "further easing wasn't necessary." With a trail of broken markets (bonds first and now stocks), and broken promises (only 25% of Japanese now believe Abenomics will boost the economy), Abe faces an uphill battle in winning the fight against the "deflationary mindset" that officials have been so adamant they have already won.

Will This Manic Stock Market Rally End In Tears?

Can the stock market completely ignore these five key changes and keep powering higher on the fumes of Mario Draghi's promises?

Why Is This Happening? Unprecedented Flooding Has Hit The U.S. Within The Last 30 Days

by Michael Snyder, The Economic Collapse Blog:
Over the past 30 days, major floods have hit the east coast, the west coast and now the middle part of the country. So why is this happening? Why is the U.S. being hit by so many catastrophic weather events all of a sudden? During the past month flooding has caused billions of dollars in damage, and in many areas the clean up is going to take well into next year. Some pundits are blaming El Nino, but others are pointing to other potential reasons for why this may be happening. Let’s start by taking a look at some of the biggest flood events that have happened over the past 30 days…
Hurricane Joaquin never made landfall on the east coast, but moisture from the storm had a tremendous impact – particularly in South Carolina.
Read More…

China Containerized Freight Index Collapses to Worst Level Ever

from Wolf Street:

A week ago, we pointed out how China’s dropping exports and plunging imports – the “inevitable fallout from China’s unsustainable and poorly executed credit splurge,” according to Thomson Reuters – had collided with long-term bets by the shipping industry that has been counting on majestic endless growth.
The industry has been adding capacity in quantum leaps, where “the scramble to order so-called ultra-large container vessels had turned into a stampede,” as the Journal of Commerce put it. So we said, Pummeled by Lousy Global Demand and Rampant Overcapacity, China Containerized Freight Index Collapses to Worst Level Ever.
Read More

Uncovered Government Docs Prove Chemtrails Real-Dane Wigington

from USA Watchdog:

Lead researcher Dane Wigington for the global climate engineering informational website,, says newly discovered U.S. government documents prove global climate manipulation, commonly referred to as chemtrails, is real.
Not only that, but the document, that originated in the U.S. Senate, also proves weather manipulation has been going on around the world for decades. The exponential damage it is doing continues today, and Wigington explains, “With the 750 page document, how much proof do people need? In this document, it describes the need for global cooperation between nations. There are some 50 or 60 countries named in the document involved with the programs, as well, even between nations that would otherwise have hostilities between them. . . . The document also names about 10 federal agencies, about 12 major universities, and it describes the need for complete immunity from liabilities created for all those involved in these programs. They have complete immunity for the damage they have done, basically. It is an extremely damning document. How big does the elephant in the room have to be? . . . There is no question these programs are real and ongoing.”

Current Economic Collapse News Brief – Episode 800

from X22 Report:

Doug Casey Explains Why Democracy Is Uncivilized

from Casey Research:

Louis James: The idea of political representation is a myth, and a logical absurdity. One person can only represent his own opinions – if he’s even thought them out. If someone dedicated his life to studying another person, he might be able to represent that individual reasonably accurately. But given that no two people are completely – or even mostly – alike, it’s completely impossible to represent the interests of any group of people.
Doug: The whole constellation of concepts is ridiculous. This leads us to the subject of democracy. People say that if you live in a democracy, you should vote. But that begs the question of whether democracy itself is any good. And I would say that, no, it’s not. Especially a democracy unconstrained by a constitution. That, sadly, is the case in the U.S., where the Constitution is 100% a dead letter. Democracy is nothing more than mob rule dressed up in a suit and tie. It’s no way for a civilized society to be run. At this point, it’s a democracy consisting of two wolves and a sheep voting about what to eat for dinner.
Read More

“Nuclear fire” erupts at radioactive facility near major US city — Footage shows underground explosions, massive smoke plumes — AP: “Unknown amount of radioactive waste burned”

from ENE news:
CBS Las Vegas, Oct 22, 2015 (emphasis added): Government officials are still looking into what may have caused a low-level radiological storage facility [~100 miles outside Las Vegas] to go up in flames… “We didn’t even hear about it when it happened, according to Cindy Craig, a resident.  “We weren’t even get told about it until the next day.”
Las Vegas Review-Journal, Oct 21, 2015: Carol Johnston, owner of KC’s Outpost [in Beatty, Nevada]… said she was serving customers on a patio Sunday when she “heard a big boom” then looked up and saw a big puff of smoke. “Why didn’t they evacuate the town then?” she asked in a telephone interview Wednesday.
Read More

Gold to Rally & Dollar to Crash

from VictoryIndependence:

US-Turkey “Buffer Zone” to Save ISIS, Not Stop Them

by Tony Cartalucci, Activist Post:
Russia’s intervention in Syria has derailed US regime-change efforts aimed at Damascus. It also threatens America’s secondary objective of dividing and destroying Syria as a functioning, unified nation-state. Long sought after “buffer zones” also sometimes referred to as “free zones” or “safe zones” still stand as the primary strategy of choice by the US and its regional allies for the deconstruction of Syria’s sovereignty and the intentional creation of a weak, failed state not unlike what the US and NATO left within the borders of Libya since 2011.
And while the US seeks to sell its “buffer zone” strategy under a variety of pretexts – from protecting refugees to fighting the so-called “Islamic State” (ISIS/ISIL) – it is admittedly a tactic aimed instead at America’s true objectives in Syria – the destruction of its government, the division of its people, and the eradication of its sovereignty.
Read More

Monsanto Always Using Friends in High Places to Reclassify Glyphosate

by Christina Sarich, Natural Society:
Monsanto has pressured the Joint FAO/WHO Meeting on Pesticide Residues (JMPR) to “reassess” their best-selling herbicide, glyphosate. This came after the World Health Organization’s International Agency for Cancer Research (IARC) declared that Roundup (glyphosate) was ‘probably carcinogenic.’
The IARC sparked a host of actions from around the world that were unfavorable for Monsanto. Large retailers stopped stocking Roundup, and even the state of California is now requiring Monsanto to put warning labels on their Round Up bottles. Yet the Big Ag company asserts that “there is no evidence of carcinogenicity” in glyphosate.
Read More

GOLD & Stocks TREND UP – REAL GOLD bottomed @ U$D 1,149

from Denali Guide Summit:
Emphasis Mine. “REAL GOLD, that which is deliverable metal has bottomed at U$D 1149, with the USDX @ 95, and will not go lower in the next 12 months, without a consequent rise in the USDX changing its price % for % in correlation. Thus the higher the USDX rises, the Lower the Bottoming and unbreakable Low in REAL DELIVERABLE Gold will correlate.”
You and I have witnessed the KRIMEX take the contract paper price of NON-Deliverable (mandatory) fake Gold to any level they want by accepting the issuance of clearly bogus contracts by market interveners for what are clearly NON-PROFIT transactions, at the times of lowest volume in order to skew prices in the direction dictated by the agenda of the ESF, JPM and US Treas, as a matter of US Treas policy.
Read More

NYC to let the UN run its police force

from Natural News:

American tradition, values and mores continue to erode thanks to constant pressure by the political left to destroy a culture they see as illegitimate and dangerous to the globe — despite our nation’s appeal to millions around the world and the opportunities we create for ourselves and for others.
Now, the liberals who run New York City are even prepared to cede at least some policing power to “a new global, terror-busting network to try to combat homegrown extremism,” according to a September 29 press statement, The New American reports.
Read More


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