Monday, January 11, 2016

"Nothing Is Moving," Baltic Dry Crashes As Insiders Warn "Commerce Has Come To A Halt"

"Commerce between Europe and North America has literally come to a halt. For the first time in known history, not one cargo ship is in-transit in the North Atlantic between Europe and North America. All of them (hundreds) are either anchored offshore or in-port. NOTHING is moving. This has never happened before. It is a horrific economic sign; proof that commerce is literally stopped."

Bear Market: The Average U.S. Stock Is Already Down More Than 20 Percent

An angry bear has been released after nearly seven years in hibernation, and the entire world is going to be absolutely shocked by what happens next.

Yuantervention Extreme - Offshore Yuan Explodes 850 Pips Higher, Biggest Jump Ever

While some central banks prefer to stealthily 'manage' their markets, a bid here, a stick-save there, today's epic intervention, short-squeeze, carry-trade-carnage in Offshore Yuan is the most visible hand yet in the new normal world of central planning. USDCNH is now down over 850 pips on the day - a record 1.25% strengthening in the offshore Yuan...

WTI Crude Collapses To $30 Handle, Stocks Plunge As Rate-Hike Odds Tumble

With rate hike odds for March plunging from over 55% a week ago to just 38% now, it appears faith in The Fed has utterly failed. WTI traded down to $30.97 - the lowest ssince Dec 2003.

10 Year Could Drop Below 2% Within Days, Citi Predicts

The risk of a fracture in risk markets when lower liquidity meets forced selling, is high in our view. Should this weakening of spread sectors in fixed income continue, we will see a further rally in Treasuries – back in Aug/ Sep, 10y USTs broke below 2%, and there is no reason we can’t get there later this month.

Small Caps Join Trannies In Bear Market, Down 20% To September 2014 Lows

Carnage continues. Small Caps have now joined Trannies in bear market territory (down 20% from the highs to September 2014 lows). S&P 500 is now in correction mode (down 10.7% from all-time-highs) as is Nasdaq.

Teenage "Terrorist" Attacks Teacher With Machete In France

Just days after a man waving a meat cleaver barged screaming into a police station in northern Paris, a teenager wielding a machete and shouting "Allahu Akbar" attacked a worshipper at a Marseille synagogue on Monday. The man was saved by the Torah - literally.

German Biker Gangs Attack Foreigners In Migrant "Manhunts"

"Bikers, hooligans, and bouncers" - oh my! It's vigilante justice time in Cologne, where "gangs" of angry Germans organized a "human hunt" on Facebook before attacking a group of Pakistanis in the city center.

filed under "white trash"

FBI Said To Probe If Hillary Clinton, Who Made Millions From Speeches To Big Banks, Violated Public Corruption Laws

In what may be the latest bad news for Hillary Clinton, whose various "previous life" scandals - from emails, to Clinton foundation donations - refuse to go away, the Hill reports, citing Fox News, that the FBI has expanded its investigation of Hillary Clinton's use of a private email server during her time as secretary of State to determine whether her Clinton Foundation work violated public corruption laws.

Potentially Worth Trillions, But Is Aramco A "Good Deal" For Investors?

Saudi Arabia’s deputy crown prince Muhammad bin Salman made headlines this week when he said that the kingdom was considering an IPO of Saudi Aramco, the nation’s state-owned oil company. But there are reasons to doubt that 1) the Saudi government will actually follow through on the plan, 2) even if some shares are listed, operations will change significantly, and 3) that such a move presents a huge opportunity for investors. Sure, Aramco might be worth trillions in theory. But returning cash to shareholders is not and will not be the top priority.

Massive Coverup Exposed In Sweden As Media, Cops Hid Migrant Sex Attacks

“I’m not going to answer that. No, no, no. I don’t want to talk to you”...

Is The Auto Loan Bubble Ready To Pop?

On Tuesday, it was announced that over seventeen million new vehicles were sold in 2015, the highest it’s ever been in United States history. While the media claims that this record has been reached because of drastic improvements to the US economy, they are once again failing to account for the central factor: credit expansion. The auto bubble has yet to burst, but its negative effects are already starting to gradually appear.

10 Dead As Gunmen Attack Baghdad Mall, Take 75 Hostages

"Police and medical officials, who spoke on condition of anonymity because they were not authorized to brief reporters, say the gunmen set off a car bomb at the entrance to the mall on Monday before moving in."

China Warns No "V-Shaped" Recovery Is Coming; Says "There Will Be No Strong Economic Stimulus"

Maybe because not enough people caught the dire warning the first time, moments ago Bloomberg reported that Han Jun, the deputy director of China’s office of the central leading group for financial and economic afairs, spoke at an event at the Chinese consulate in New York and practically reiterated the anonymous source's warning practically verbatim. To wit: "There won’t be a strong economic stimulus and people shouldn’t expect a V-shape recovery; instead long period of L-shape growth path is likely" said Han, who participated in the drafting of China’s latest five year plan.

"Panic Is Building" BofA Admits; Asks "How Bad Could This Get?"

"Panic is building, most likely setting the stage for a rally, but the missing ingredient here is growth. With analysts cutting estimates at an accelerating rate, increasing China risks and no apparent floor for oil prices, we remain cautious on our near term outlook for stocks."

S&P Gives Up "China Stability" Gains As WTI Tumbles To $31 Handle

Well that escalated quickly...

Momo-Massacre: Under Armour Dented, FitBit Flops, & FANTAsy Stocks FUBAR

The momentous momentum stocks appear to have crashed into the reality of extreme valuations in a no-growth, carry-trade-unwind environment. It's not pretty out there...

Is A Massive Earthquake Inevitable In Oklahoma?

When Americans speak of “the big one,” they’re talking about the potential for a super-massive earthquake that could essentially destroy most of quake-prone California. Now some scientists believe something similar could happen in the once geologically placid Oklahoma.

Russian Stocks Are Crashing

Down over 5%, Russia's RTS Index has plunged to its weakest level since Dec 2014 and the peak of its existential crisis mid-Ukraine/currency-crisis/oil-collapse. This is Russia's biggest one-day drop since April 2015. The Ruble continues to tumble (despite CNH strength) as oil pushes to new cycle lows...

Oil Tumbles To 11 Year Lows After Another Bank Joins "$20 Crude" Bandwagon

Another algo-induced stop-run has tried and failed to maintain its gains this morning as Morgan Stanley becomes the latest (after Goldman) to join the "oil in the $20s is possible" bandwagon. Despite hopeful bullishness from Andy Hall who sees production destruction leading (an industry that couldn’t function at $50 certainly can't function with prices below $40) inevityably leading to higher prices, Morgan Stanley warns, "in an oversupplied market, there is no intrinsic value for crude oil. The only guide posts are that the ceiling is set by producer hedging while the floor is set by investor and consumer appetite to buy. As a result, non-fundamental factors, such as the USD, are arguably more important price drivers."

JPM: "Use Any Bounces As Selling Opportunities"

"Our view is that the risk-reward for equities has worsened materially. Yes, stocks had a rough time most recently, and some of the tactical indicators, such as Bull-Bear at -16 which is at the bottom of its trading range, argue for a short-term respite. Clearly, equities are unlikely to keep falling in a straight line, with periodic rebounds likely. However, we believe that one should be using any bounces as selling opportunities."

The Shrinking Global Economy (In 3 Awkward Charts)

The following three charts make last week’s market turmoil easier to understand. Falling trade means lower corporate profits, which, if history is still a valid guide, means less valuable equities. So it could be that the markets are simply figuring this out and revaluing assets accordingly.

NATO: Who’s The Aggressor? (Part II)

from The News Doctors:

The US quest for domination did not stop in «former Yugoslavia». After 9/11 in 2001 the US and NATO invaded Afghanistan, though the Afghan Taliban government had nothing to do with the terrorist attacks in the United States. To this day the war in Afghanistan goes on and none too well for the United States. No wonder Afghanistan is called «the graveyard of empires».
Two years later it was the turn of Iraq though this was mostly an Anglo-American venture. The US government claimed that Iraqi leader Saddam Hussein had «weapons of mass destruction» (WMD), ready to use.
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Fear And Loathing in the House of Saud

from Sputnik News:

Desperation does not even begin to describe the current plight of the House of Saud.
Riyadh was fully aware the beheading of respected Saudi Shi’ite cleric Nimr al-Nimr was a deliberate provocation bound to elicit a rash Iranian response.
The Saudis calculated they could get away with it; after all they employ the best American PR machine petrodollars can buy, and are viscerally defended by the usual gaggle of nasty US neo-cons.
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Cologne events may start the end of Merkel’s career – Deutsche Welle expert

from Tass:

Mass migrant attacks on German women that took place in Cologne on the New Year night will aggravate the migrant crisis in the European Union, Bernd Rigert, an observer for the Deutsche Welle media company, said on Saturday.
The expert said that many heads of state and government of the EU states considered Merkel’s handling of the migrant crisis to be erroneous. “In all probability, she will either have to change her policy or step down as the chancellor,” the expert added.
According to him, the scandalous New Year attacks in Cologne have taken the already hard situation in the European Union almost to a deadlock.
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Nestle, Pepsi Fined for Concealing GMOs as Campbell Soup Announces Voluntary Label

from Nation of Change:

As the food fight over genetically modified food (GMOs) rages on in the U.S., six major food manufacturers—including Nestle, PepsiCo and Mexican baking company Grupo Bimbo—have been slapped with fines by the Brazilian Ministry of Justice for concealing the presence of GMOs in their products.
According to teleSUR, the respective companies are facing fines ranging from $277,400 to just over $1 million, amounting to $3 million in total.
The ministry’s decision came after a 2010 investigation carried out by Brazil’s Consumer Protection Agency, Senacon, which detected GMOs in various food products sold by the companies in Brazilian markets.
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After Clinton Email Leak Exposes Her War Crimes, Frmr US Attorney Predicts Indictment in 60 Days

by Claire Bernish, The Free Thought Project:

The biggest fireworks on New Year’s Eve weren’t any glowing in the night sky above millions of giddy revelers worldwide, but instead came tucked away in another batch of Hillary’s infamous emails made public — and the contents are so explosive, she could be charged with war crimes.
Buried in the former Secretary of State’s emails are evidence of extrajudicial killings by U.S.-allied rebels, the embedding of al-Qaeda affiliated fighters amongst those same rebel forces, and even substantiation that Western motives for warring with Libya had more to do with gold, silver, and oil than anything else. Most crucially, because this evidence was presented in emails addressed to Clinton, the Secretary knew all of this — but did nothing to sound the alarm.
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