Eric King: “Rob, we had a stock market crash in China and not too long ago the U.S. stock market gapped down 10 percent one morning. What are your thoughts as we go through this trouble that you said was coming?”
Rob Arnott: “What’s even more fascinating than a stock market crash after a bubble is the government trying to regulate falling markets out of existence. If somebody says to you, ‘If you sell, you might be arrested. If you recommend a sale, you might be arrested.”
Submitted by Tyler Durden on 10/02/2015 - 15:00 Today marks a “major change in trend of monumental proportions," according to Martin Armstrong. The government will start to lose control and the lurking monster that is excess debt will rear its head. Today is the start of the "real" sovereign debt crisis - "this concentration of confidence in government marks the peak - from here on out, this will not be a video game - this is real."
Submitted by Tyler Durden on 10/02/2015 - 17:28
Submitted by Tyler Durden on 10/02/2015 - 14:05 Compare this - BULLARD SAYS HE EXPECTS STRONGER JOBS REPORTS TO COME.
To this - BULLARD SAYS SUB-200K PAYROLL GAINS MAY BECOME THE NORM?
But do not fear, these guys are on top of it!!
Submitted by Tyler Durden on 10/02/2015 - 16:50 With the Federal Reserve still hinting at raising interest rates, but trapped by weak economic growth, will the next big move by the Fed be another form of monetary accommodation instead? Or, are the underlying dynamics of the economy and market really strong enough to shake off the recent weakness and continue its bullish ascent?
Submitted by Tyler Durden on 10/02/2015 - 16:30 All you need to know about the "independent", "objective" and "impartial" US media.
Submitted by Tyler Durden on 10/02/2015 - 15:50
- Dollar doesn’t matter, indicates strong economy relative to the world
- Dollar matters for oil, but lower oil prices mean stronger consumer
- Manufacturing slump doesn’t matter, only temporary
- Manufacturing declines are consumer spending, but only a small part
- Manufacturing declines are becoming serious, but only from overseas
- US consumer demand is strong, except everywhere you look to actually find it.
"They're Hopping Mad In The US And Saudi Arabia": Russian Strikes In Syria Spark Epic Western Media Propaganda BlitzSubmitted by Tyler Durden on 10/02/2015 - 16:01 "They’re hopping mad in Saudi Arabia, the U.S. And Qatar because of their defeat and the victory of Russia and Syria and the unraveling of the fact that the U.S. and its allies are not serious about fighting Islamic State. Those who claim to be concerned about the Syrian people are the ones slaughtering the Syrian people through the terrorists."
"They Just Don't Want A Job" - The Fed's Grotesque "Explanation" Why 94.6 Million Are Out Of The Labor ForceSubmitted by Tyler Durden on 10/02/2015 - 15:27 "The decrease in labor force participation among prime-age individuals has been driven mostly by the share who say they currently don't want a job."
Submitted by Tyler Durden on 10/02/2015 - 21:15 Amid the migrant crisis in Europe, and the Czechs pulling people off trains and writing on their arms, a French municipality launched a probe into an Auxerre elementary school’s use of yellow tags to identify students who do not eat pork. "It's revolting. It brings back memories of dark times," noted one member of the Auxerre town council, but the mayor’s office said it was "an isolated, clumsy and unfortunate initiative."
Submitted by Tyler Durden on 10/02/2015 - 18:55 Unlike most U.N. speeches, Putin’s merits study. For he not only identifies the U.S. mindset that helped to produce the new world disorder, he identifies a primary cause of the emerging second Cold War.
Submitted by Tyler Durden on 10/02/2015 - 17:45 The US Federal Reserve orchestrated an artificial boom from 2001 to 2007 through artificially low interest rates and has resumed doing so once again. Entrepreneurs operating under faulty market signals created by the Federal Reserve malinvested hundreds of billions of dollars into capital intensive projects primarily in the housing sector. We paid for our boom with millions of destroyed jobs, wasted labor, and wasted resources. The Chinese Central Bank learned nothing from the Fed’s catastrophic experiment. They will reap the same rewards.
Submitted by Tyler Durden on 10/02/2015 - 17:42 For those curious to know what a Russian forward operating base in a Middle Eastern warzone looks like, we present the following...
Submitted by Tyler Durden on 10/02/2015 - 17:31 "We call on the Russian Federation to immediately cease its attacks..."
Chinese Cash Flow Shocker: More Than Half Of Commodity Companies Can't Pay The Interest On Their DebtSubmitted by Tyler Durden on 10/02/2015 - 17:15
Truth Stream Media:
The Treasury Department said Thursday it would reach the debt limit a bit earlier than was expected by many on Capitol Hill.
Treasury Secretary Jacob J. Lew told Congress in a new letter that thanks in part to lower-than-expected quarterly tax receipts, the extraordinary measures to forestall breaching the debt limit, combined with the new revenues, will run their course just a week after the resignation of Speaker John A. Boehner, R-Ohio, takes effect.
That makes it all the more likely the debt limit will need to be addressed before his departure.
“The U.S. Mint began setting weekly sales quotas for its flagship American Eagle silver coins in July because it can’t meet demand, and the Canadian mint followed suit after record monthly sales in July. In Australia, the Perth Mint sold a record of more than 2.5 million ounces of silver this month, nearly four times more than in August, and has begun rationing supply of a new line of coins this month, a mint official said.
‘Silver [coin] demand is absolutely through the roof,’ said Neil Vance, wholesale manager at the Perth Mint. ‘There seems to be a bit of frenzy as people think there is a shortage of silver. But in fact it is a (crunch in) manufacturing capacity.’
While the price of silver has reached a 5 year low, demand continues to surge in the opposite direction, and not just in the United States. Reuters reports that both the US Mint and the Canadian mint had to ration their supply of silver coins last Summer, while Australia’s Perth Mint had record sales this month. They sold over 2.5 million ounces of silver in September, which was 4 times more than what they sold in August.
Curiously, the rationing isn’t being caused by an actual shortage of silver, at least according to the wholesale manager of the Perth Mint. “There seems to be a bit of frenzy as people think there is a shortage of silver. But in fact it is a (crunch in) manufacturing capacity.” The surge in demand is largely being fueled by what the mint is calling “mom and pop” investors in the United States who want to take advantage of the price dip. As shortages worsen at the US Mint, Americans are now buying coins from foreign mints, and the demand is even spilling over into Asia and Europe.
Submitted by Tyler Durden on 10/02/2015 - 15:25 Presented without comment...
Submitted by Tyler Durden on 10/02/2015 - 13:40 Former Republican presidential nominee Mitt Romney smiled and repeatedly said, "Nice to see you," when asked if he had any concerns about the Saudi Arabian-led bombing campaign in Yemen.
Submitted by Tyler Durden on 10/02/2015 - 13:22 "It is not a problem of liquidity, but of fundamentals"...