Tuesday, January 5, 2016

"We Frontloaded A Tremendous Market Rally" Former Fed President Admits, Warns "No Ammo Left"

It's not China, stupid... It's The Fed. "What The Fed did, and I was part of it, was front-loaded an enormous rally market rally in order to create a wealth effect... and an uncomfortable digestive period is likely now." Simply put Fisher concludes, there can't be much more accommodation, "The Fed is a giant weapon that has no ammunition left."

Dow Swings 1000 Points In 24 Hours As Crude Carnage Continues

Stock Market MELTDOWN as U.S. Tumbles Percent Decline Worst Since 1932!

from The Money GPS:

Playing the Government’s Game: When It Comes to Violence, We All Lose

by John W. Whitehead, The Rutherford Institute:

“When it gets down to having to use violence, then you are playing the system’s game. The establishment will irritate you – pull your beard, flick your face – to make you fight. Because once they’ve got you violent, then they know how to handle you. The only thing they don’t know how to handle is non-violence and humor.”—John Lennon
Yes, the government is corrupt.
Yes, the system is broken. By broken, I mean it’s “dysfunctional, gridlocked, and, in general, incapable of doing what needs to be done.”
Read More

What Does Citi's "Bear Market Checklist" Predict About The Future

We wonder how many of "non-red" checks would be flashing angry burgundy, if it wasn't for the latent effect of $13 trillion in central bank liquidity injections, and what these checklists will show after a few more rate hikes and a few trillion in petrodollar FX reserve liquidations.

2015: The Year of the Gun 2016: Year Of Gun Control

from Spiro:

Germany In Shock After "Monstrous" Attacks, Rape By 1,000 Men "Of Arab Or North African Origin"

About 90 women have reported being robbed, threatened or sexually molested at the New Year's celebrations outside Cologne's cathedral by young, mostly drunk, men, police said on Tuesday.  The scale of the attacks has shocked Germany. About 1,000 drunk and aggressive young men were involved. City police chief Wolfgang Albers called it "a completely new dimension of crime" adding that "the men were of Arab or North African appearance." Cologne mayor Henriette Reker said the attacks were "monstrous" adding that "we cannot allow this to become a lawless area."

What Does Citi's "Bear Market Checklist" Predict About The Future

We wonder how many of "non-red" checks would be flashing angry burgundy, if it wasn't for the latent effect of $13 trillion in central bank liquidity injections, and what these checklists will show after a few more rate hikes and a few trillion in petrodollar FX reserve liquidations.

Wall Street's Biggest Permabull Just Slashed His Q4 GDP Forecast To 0.5%, Says "It May Be Too High"

We have reduced our estimate of Q4 real GDP growth by one full percentage point to 0.5%, and this still might be too high in light of what could be much larger inventory liquidation than what we have assumed.

All Bubbles Are Different (But End The Same)

Meet The "Trader" Who Earns $30K "On A Bad Month" Working Just One Hour A Day

Sweden Prepares For FX "War" With Bloodthirsty Hedge Funds

Look out Stefan Ingves, the 2 and 20 crowd smells blood: "The market seems eager to challenge the Riksbank and there are rumors that many foreign hedge funds are long kronor and see a weakening of the krona after a possible intervention as a good buying opportunity.”

US Auto Sales Plunge To 6-Month Lows - Biggest Miss Since Nov 2008

Despite the blustering propaganda from CNBC's Phil LeBeau, it appears the Auto-sales (and massive inventory build) party is over in America. December US domestic auto sales SAAR printed 13.46 mm - the lowest in 6 months (missing expectations of 14.15mm by the most since November 2008). With non-revolving credit growth slowing in December, and inventories at record highs, the wheels just fell off the credit-fueled auto 'recovery'.

The "Wallstrom Affair" - How Saudi Arabia Reacts When Politicians Expose The Truth About The Kingdom

A few weeks ago Margot Wallström, the Swedish foreign minister, dared to denounce the subjugation of women in Saudi Arabia. Wallström went on to condemn the Saudi courts for their "medieval methods" and their "cruel attempt to silence modern forms of expression." The backlash was fast and furious: Saudi Arabia withdrew its ambassador and stopped issuing visas to Swedish businessmen, and The GCC condemned her "unacceptable interference in the internal affairs of the Kingdom of Saudi Arabia," proclaiming they wouldn’t bet against anti-Swedish riots following soon. Yet there is no "Wallström affair." Outside Sweden, the western media has barely covered the story.

Saudi Arabia Or Iran? It's Time For Obama To Choose

"The United States should do everything possible to avoid choosing sides in an intensifying proxy war between the dominant Shiite and Sunni powers in the Middle East. Though history tells us we should tilt toward Saudi Arabia, our old ally, if we look toward the future, Iran is the more logical partner. The reasons are simple: Iran’s security interests are closer to ours than Saudi Arabia’s are."

2016 Theme #2: The Hollow Shell Of Democracy

A number of systemic, structural forces are intersecting in 2016. One is the hollowing out of democracy globally. Democracy is now a travesty of a mockery of a sham, a hollow shell of PR and propaganda designed to confuse and distract the citizenry--the citizenry that is being crushed beneath the authoritarian rule that has expanded to fill the hollow shell of formal democracy.

Bill Clinton Has Changed


Saudi Aramco Bus Burns Down After "Terrorist Assault" In Qatif Region

Moments ago, according to Alriyadh.com, a bus belonging to Saudi Aramco was torched in a "terrorist assault" by “four armed rioters” in the country's unrest-filled Qatif region.

WTI Plunges To $35 Handle As Loonie Hits 12 Year Low

WTI Crude prices just broke back to a $35 handle for the first time since mid-December as the combination of un-growth, Saudi price cuts, a rancorous OPEC, and production increases weigh on the world's most important commodity. At the same time, oil producers are getting hit with the Canadian Dollar plunging above 1.4000 to its lowest since 2003...

What's Next For Stocks After The New Year's Day 1 Hangover?

After getting hammered on the first trading day of 2016, what can we expect from the stock market?

Are We Headed For Another Bust?

Fed policymakers seem to be of the view that the almost zero federal funds rate and their massive monetary pumping has cured the economy, which now seems to be approaching a path of stable economic growth and price stability, so it is held. Yet, manipulations by the Fed could not bring the economy onto a path of stability and prosperity but, on the contrary, set in motion the menace of the boom-bust cycle. This raises the likelihood that the elimination of bubbles as a result of a tighter stance while good in the long-term for wealth generators is likely to trigger a severe economic slump in the near to medium term.

Some Folks Are Buying More Gun Stocks

Day 2 of Obama's gun sales push is going well...

Apple Plunges After Nikkei Reports iPhone Production Cuts Up To 30%

Yesterday's miraculous dip-buying in Apple stock has been erased as yet another wourse raises concerns about iPhone production:
The stock is down 2.5% on the news. Time to unleash moar buybacks!!

Iran Unveils Second Underground "Missile City" In Further Humiliation For Obama

"We lack enough space in our stockpiles to house our missiles. Hundreds of long tunnels are full of missiles ready to fly to protect your integrity, independence and freedom. Those who threaten Iran with their military option on the table would better take a look at Iran’s ‘options under the table,’ namely the missile arsenals. Iran’s known military power is only the tip of the iceberg."

President Obama Explains Why Making It Harder For "We, The People" To Get Guns Will Make Everyone Safer

Amid threats from various Republican Congressmen, soaring pre-emptive gun sales, and a majority of Americans (56%) believe that if more Americans carried concealed weapons the country would be safer; President Obama is set today to formally announce his executive action new gun-control measures.


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