Submitted by Tyler Durden on 01/08/2016 - 22:00
"I am a Chinese immigrant and an American citizen by choice. I once was a slave before and I will never be one again. I will always stand with my AR, no matter what my President signs with his pen."
Submitted by Tyler Durden on 01/08/2016 - 19:30 A low cost of living, no sales tax, and beautiful scenery (oh, naked bike rides, more strip clubs per capita than any other US city, and legalized weed) means Oregon is the "top moving destination" for Americans for the third year running, according to United Van Lines, with 69% of moves inbound. But, which states are Americans leaving in droves?
Submitted by Tyler Durden on 01/08/2016 - 16:57 "... what we are going to see next is a credit cycle, and in a credit cycle you see some losses, but if China's banking system loses 10%, you are going to see them lose $3.5 trillion."
Submitted by Tyler Durden on 01/08/2016 - 21:30 "It’s no secret that Alberta’s economy is closely linked to the peaks and craters of oil prices—nominal GDP (not adjusted for inflation) swings in tandem with crude prices. It’s why Fort McMurray is like a wounded beast these days. MacKay’s neighbour got laid off this fall. “I watched the bank come and take his truck,” he recalls—it was that or not feed the kids."
Submitted by Tyler Durden on 01/08/2016 - 21:01 Today, we bring our readers another RealVision excerpt of a reflexive "interview" in which Pal himself is in the hot seat, and goes into detail explaining the indicators he will be watching throughout 2016 that will suggest that a liquidity crisis is imminent.
Submitted by Tyler Durden on 01/08/2016 - 20:30
Submitted by Tyler Durden on 01/08/2016 - 20:00 Once, there was a time when Hitler, Stalin, Mussolini and Tojo ruled almost all of Eurasia. And another time when a monolithic Sino-Soviet Communist bloc ruled from the Elbe to the Pacific. As those times are long gone, is it not time for an exhaustive review of the alliances we have entered into and the war guarantees we have issued, to fight for nations and interests other than our own?
Submitted by Tyler Durden on 01/08/2016 - 19:01 The mainspring of Islamic extremism and militancy isn’t the moderate and democratic political Islam, because why would people turn to violence when they can exercise their right to choose their rulers? The mainspring of Islamic militancy is the despotic and militant political Islam of the Gulf variety. The Western powers are fully aware of this fact, then why do they choose to support the same forces that have nurtured jihadism and terroris?
Submitted by Tyler Durden on 01/08/2016 - 18:30 To understand the growth of movements like political correctness, modern feminism, pansexualism, multiculturalism, "whiteness studies," one must understandthe history and nature of Cultural Marxist
Submitted by Tyler Durden on 01/08/2016 - 18:00 "It is more than anywhere the symbol of the Chinese Dream with all its challenges and contradictions, an Orwellian vision of a bright future caught up by a less flamboyant reality."
Submitted by Tyler Durden on 01/08/2016 - 17:30 High finance isn't the cure - it's the disease.
All it takes is a match... to prove southern California is Hell...
Submitted by Tyler Durden on 01/08/2016 - 16:55 “This is the equivalent of the BP oil spill on land, in a populated community... If you have a chance to leave, if you’re able to leave... if you have a chance to relocate, do it now. I’m telling you, it’s really critical.”
In the wake of some 48 executions in Saudi Arabia this last weekend, and the outbreak of protests in the Middle East against the (out)house of Saud, some of which have come from within that mediaeval kingdom itself for more freedoms (and are we really all that surprised?), this article by Dr. Nafeez Ahmed was shared by Mr. W.M.”:
The collapse of Saudi Arabia is inevitable
The article says it all: declining revenues from oil, the eventuality(?) that the kingdom’s oil reserves, its chief source of revenue, will play out, lack of agriculture, lack of water, expensive deslination, and an increasinigly reckless regime that has sponsored wars, has been a long term sponsor of terrorist organizations, and now most recently is engaged in what can best be a “crackdown” on “dissidents,” none of this bodes well for the desert kingdom.
Partaking in a little post-work happy hour just became a lot safer with the creation of a little known molecule that reduces alcohol’s harmful effects on the body, particularly the liver (which is affected the most adversely), without comprising the enjoyable buzz many of us love, and deserve, to indulge in every now and then.
Developed by Chigurupati Technologies, NTX was contrived through a multi-million dollar eight-year project completed by a team of pharmaceutical PhDs hoping to make the “drinking experience smarter,” according to NTXTechnology.com.
The manipulation of markets (witness today) and the overt lying about the economy intensify as we move inexorably towards the precipice. – John Embry
Short Seller’s Journal update: My “Quick Hit” pick is now down 27% from its Dec 31 close. Subscribers who took the plunge on my put option play are up over 500%. The put expires today and is a little over $5 in the money (it was a slightly out of the money put on 12/31/15). My long term short sell play is up (down) over 14%. This is a stock that I believe will go from $30 (12/31) to $10 by 2017. Short Seller’s Journal
The headline quote is from John Embry, who had emailed this morning asking me my opinion on the jobs report released this morning. Here’s my response, verbatim:
We have never had a year start the way that 2016 has started. In the U.S., the Dow Jones Industrial Average and the S&P 500 have both posted their worst four-day starts to a year ever. Canadian stocks are now down 21 percent since September, and it has been an absolute bloodbath in Europe over the past four days. Of course the primary catalyst for all of this is what has been going on in China. There has been an emergency suspension of trading in China two times within the past four days, and nobody is quite certain what is going to happen next. Eventually this wave of panic selling will settle down, but that won’t mean that this crisis will be over. In fact, what is coming is going to be much worse than what we have already seen.