Submitted by Tyler Durden on 02/25/2016 - 16:02
Submitted by Tyler Durden on 02/25/2016 - 15:09 "Name me a major asset that has not seen one single yoy decline since the start of 2007? Clearly not equities or commodities. What about bonds? Again clearly not corporate bonds. What about 10y government bonds? I?ll give you a clue. It?s not the US, UK or Germany, all which saw negative yoy returns, most notably in 2013."
Submitted by Tyler Durden on 02/25/2016 - 15:45
Submitted by Tyler Durden on 02/25/2016 - 15:43 The government says: “Just this once” and “Just this phone.” But the government knows those statements are not true; indeed the government has filed multiple other applications for similar orders, some of which are pending in other courts. Once the floodgates open, they cannot be closed, and the device security that Apple has worked so tirelessly to achieve will be unwound without so much as a congressional vote
Submitted by Tyler Durden on 02/25/2016 - 14:20 Don't look now, but Europe's migration commissioner has just slapped an expiration data on the EU: it's 10 days from now. If no concrete progress is made by the time EU officials convene a summit with Turkey early next month, Brussels says "the whole system will completely break down."
Long before refugees from Syria started trickling into Europe, and long before Germany went on a moral crusade to let every third worlder into their country, there was Sweden. Most European countries had started shifting into multi-cultural societies decades ago, but Sweden was arguable the first country to really open the floodgates. While there are other European nations with a higher percentage of foreign-born citizens and residents, Sweden was the first to let in so many people from countries with radically different cultures than their own.
As a result, the social fabric of their society is beginning to tear. The police are overwhelmed, their welfare system is overburdened, and their borders are crumbling.
The Saudis just made a shocking admission made in the international press. During an interview on RT Arabic, Dahham Al Anzi of the Kingdom of Saudi Arabia, discussed why the Arab world feel the need for Syrian President Bashar al-Assad to be removed from power. He also reaffirmed the need for a ground invasion to accomplish that goal.
In the video below, while outlining the weapons of war he confirmed that the Kingdom of Saudi Arabia possess a Nuclear Bomb.
Russian Prime Minister Dmitry Medvedev has warned that the deployment of foreign ground troops in the Syria conflict could result in World War III. When asked about a recent proposal from Saudi Arabia to send in ground troops to Syria, the Russian prime minister answered that “the Americans and our Arab partners must consider whether or not they want a permanent war.”
Trump Gains Yuuge Lead At Bookies; Everything Establishment Knew About Politics "Is Out Of The Window"Submitted by Tyler Durden on 02/25/2016 - 14:40 "It's time to say no to professional politicians and yes to someone who has created jobs and grown a business," says Chris Collins, a Republican congressman from Trump's home state of New York, but he is among a quiet few among the entrenched establishment that is "confused and cowed" as The Donald soars to a massive lead at the bookies.
The U.S. government, from Dick Cheney to Hillary Clinton, told blatant lies about the Iraqi government creating chemical, biological, and nuclear weapons in 2002, despite having been informed of the fact that Iraq was doing no such thing. U.S. leaders lied about ties between Iraq and terrorists that they also knew did not exist.
Then the U.S. military attacked and invaded Iraq, in the process heavily bombing old sites of Iraqi chemical weapons from the 1980s, many of those weapons having been provided by the United States. In large part because of the U.S. origin of the old Iraqi chemical weapons, the U.S. kept quiet about them during the new war.
Submitted by Tyler Durden on 02/25/2016 - 14:09 It turns out oilfield services isn't a good place to be during epic crude downturns. Halliburton - which cut thousands upon thousands of jobs in 2015 - is back it, announcing an additional 5,000 layoffs on Thursdsay. The cuts amount to 8% of the company's remaining workforce.
Submitted by Tyler Durden on 02/25/2016 - 14:06 "On 2 November 2015 (an account closing day of the Group), upon enquiries with the bank, the Company was informed that the balance of the two Long-term Deposits was zero."
Submitted by Tyler Durden on 02/25/2016 - 13:51 Deja vu all over again. Just as we saw after yesterday's "glitch" in POMO unleashed a huge short-squeeze buying rampage, so today's "technical issue"-delayed 7Y Auction has sparked panic-buying in stocks...
A Teachable Moment: The Young Person Complaining About Her Job At Yelp Discovers Real Minimum Wage Is $0Submitted by Tyler Durden on 02/25/2016 - 09:27 This open letter from a young customer support employee of Yelp in San Francisco to her CEO has garnered a variety of comments that display a common bifurcation: some are sympathetic to her struggle to get by in a very costly region on a modest salary, while others wonder if the letter is an Onion parody of clueless entitlement: An Open Letter To My CEO.
Submitted by Tyler Durden on 02/25/2016 - 13:35 The real pity is that the busts and crackups could all have been avoided if central bankers recognized that falling prices eventually create the conditions for a normal economic revival. Deflation is not a death spiral as the Keynesians believe. Nevertheless, expect more central banks to follow the early leaders — Switzerland, Sweden, Denmark, and even the European Central Bank itself — into negative interest rate territory. The crying shame is that it will not work and will cause great harm to hundreds of millions of people.
European Parliament Demands Arms Embargo After Saudis Rack Up "Impressive" 3,000 Civilian Kills In YemenSubmitted by Tyler Durden on 02/25/2016 - 13:16
Submitted by Tyler Durden on 02/25/2016 - 13:00 "The close of the auction has been rescheduled due to a technical issue. The settlement date and all other aspects of the auction remain unchanged from the original announcement. Competitive and noncompetitive bids that have been submitted will still stand, but bidders may review and update bids until the auction closes."
Submitted by Tyler Durden on 02/25/2016 - 12:50 It appears yesterday's "capitulation" lows in Treasury yields... weren't.
Submitted by Tyler Durden on 02/25/2016 - 12:35 When 40% of the working age population doesn’t work and another 10% only hold part-time jobs, it is likely not a total shocker that they aren’t paying any Federal Income taxes.
Submitted by Tyler Durden on 02/25/2016 - 12:16 "You are doomed to fail."
"You're a liar and you know it."
Submitted by Tyler Durden on 02/25/2016 - 11:56 Adolf Hitler rose to power during a period of similar social tumult as that which has currently garnered Donald Trump such fervent support, according to Noam Chomsky, who cautions that the current social atmosphere that led to Donald Trump’s rise may actually be worse than the build-up to fascism in the early twentieth century.
Submitted by Tyler Durden on 02/25/2016 - 11:42 "My conclusion is that it’s not fair to blame Zerohedge and friends for the permabear newsflow… They’re just giving the people what they want!"
Why Traders Are Frustrated: "At Any Given Time There Are No Rational Explanations For What’s Going On"Submitted by Tyler Durden on 02/25/2016 - 11:34 "A casualty of this current volatility is that at any given time there are no rational explanations for what’s going on. Back and forth swings of meaningful proportion are characterized, by necessity, with a random reason generator. If we don’t do so we’d have to admit to a much deeper systemic defect."
Submitted by Tyler Durden on 02/25/2016 - 11:19 The Kansas City Fed Composite Index has not been positive for 13 months and February's below expectations print of -12 is the worst since April 2009. Both MoM and YoY, every single component of the KC Fed survey is down, and down hard with employment-related indicators collapsing. As one respondent exclaimed, “Business is off at levels not seen since the recession of the early 1980's.”
Submitted by Tyler Durden on 02/25/2016 - 11:13 While we still think its early to call the end of the dollar bull market that has been in place since July 2011, it's apparent that the world is currently not in as broad of a dollar bull market as we were in last year.
Submitted by Tyler Durden on 02/25/2016 - 10:50 Some people have opined that it is all over and the next new recovery is here. If that is the case, then please explain the following...
Submitted by Tyler Durden on 02/25/2016 - 10:38 More "unequivocally good" news. On the heels of a smaller than expected drawdown in natural gas inventories (-117 vs -135bcf), Nattie futures have tumbled to their lowest intraday level since 1999...
According to the CME Groups recent release, Comex Registered Silver inventories reached an all time low yesterday. The Registered Silver inventories are those stocks ready to be delivered into the market. Looking at the data put out by Sharlynx.com, Registered Silver Inventories haven’t been this low going back to the 1970’s.
The Registered Silver inventories suffered a large drop yesterday, when 3.6 million oz (Moz) were transferred out of three depositories. The CNT Depository transferred 374,494 oz, the Delaware Depository transferred 1,492,945 oz and JP Morgan, 1,742,050 oz. The 3.6 Moz were transferred out of Registered inventories and into the Eligible. Thus, there are now only 25.3 Moz of Registered Silver inventories at the Comex:
Why is the government building massive amounts of mental hospitals in REMOTE locations? What does this have to do with Jade Helm 16 (i.e. UWEX 16)? How do our abandoned veterans figure into this covert plot?
Will Donald Trump be assassinated now that he is clearly the front runner? What are the odds? How will it be done? Will a patsy be recruited to carry out the deed. How is Trump like Robert Kennedy in 1968?
Is the government, as Jesse Ventura once asserted carrying out super soldier experiments with human/animal hybirds? This is freaky beyond belief.
These are the topics of Dave Hodges’ interview with popular talk show host, Josh Coy. To listen, click here.
Are we entering a new era where cash is outlawed and a cashless society is becoming an Orwellian reality? The European Central Bank President Mario Draghi recently said that the bank is “considering action” to drop 500 euro notes because of its links to criminal activities. The former treasury secretary and director of the National Economic Council in the White House, Lawrence H. Summers is also calling for the elimination of the 500 euro notes and the $100 bill in a Washington Post article where he referred to Harvard’s ‘Mossavar Rahmani Center for Business and Government’which he is the current director, published a paper by senior fellow Peter Sands and current students for making “a compelling case for stopping the issuance of high denomination notes like the 500 euro note and $100 bill or even withdrawing them from circulation.”
You’ve probably heard a few explanations for why the U.S. market keeps falling: Low oil prices, interest rates, trouble in Europe/China…
But here’s one that isn’t being talked about enough: Recession.
Or, at the very least, the possibility of one.
The U.S. economy expanded at a 2.4% clip last year, and just 0.7% in the fourth quarter.
It really wouldn’t take that much to tip it negative.
In fact, the economies of four U.S. states are already contracting – those of Alaska, North Dakota, West Virginia, and Wyoming. Three more states (New Mexico, Oklahoma, and Louisiana) are on the cusp.
Another legally armed person has stopped a potential mass shooting in Hamilton, Alabama on February 10th, 2016.
The shooting occurred in the morning, a little over an hour before noon, over a distance of a couple of blocks.
Two people, 67-year-old Donny Miller and 61-year-old Linda Cole were killed in separate offices. The second victim was shot in an accounting office close to the bank pictured above. A WVTM13 crew was on the scene less than two hours after the shooting. Here is video from Marlei Marinez, from WVTM13.
In the video, Marlei Martinez reports that she spoke with a man who was waiting in the accounting office to file his taxes.
On Friday, the United States rejected a draft resolution by Russia that was intended to prevent a Turkish invasion of Syria. Moscow had called for an emergency meeting of the United Nations Security Council (UNSC) to address its growing concern that Turkey is planning to send thousands of ground troops and armored vehicles it has massed on its southern border, into Syria to protect Turkish-backed militants and to block the Kurdish militia, the YPG, from establishing a contiguous state in northern Syria. Moscow’s one-page resolution was a thoroughly-straightforward document aimed at preventing a massive escalation in a conflict that has already claimed the lives of 250, 000 and left the country in ruins.