Tuesday, March 22, 2016

Belgium Evacuates Nuclear Power Plant As Panic Spreads After Attacks



All non-essential personnel are leaving the Tihange nuclear plant located 50 miles west of the Brussels airport.


Dozens Killed After Massive Bomb Explosions Rip Through Belgium Airport, Subway - Live Feed




"This Is Unprecedented": Smart Money Throws Up All Over "Rally", Sells Stocks For Eight Straight Weeks

"Last week, during which the S&P 500 climbed 1.4%, BofAML clients were net sellers of US stocks for the eighth consecutive week, in the amount of $1.4bn—suggesting clients still doubt the sustainability of the rally. This is the longest selling streak since Oct-Dec 2010"




Janet Yellen: Monetary Arsonist - Armed, Dangerous And Lost

Simple Janet should have the decency to resign. The Fed’s craven decision last week to punt on interest rate normalization is not merely a reminder that she is clueless and gutless; we already knew that much. Given the overwhelming facts on the ground - 4.9% unemployment, 2.3% core CPI and a 23.7X PE multiple on the S&P 500 - her decision to “pause” after 87 months of ZIRP actually proves she is a blindfolded monetary arsonist - armed, dangerous and lost.

Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People

by Michael Snyder, The Economic Collapse Blog:

Should central banks create money out of thin air and give it directly to governments and average citizens?  If you can believe it, this is now under serious consideration.  Since 2008, global central banks have cut interest rates 637 times, they have injected 12.3 trillion dollars into the global financial system through various quantitative easing programs, and we have seen an explosion of government debt unlike anything we have ever witnessed before.  But despite these unprecedented measures, the global economy is still deeply struggling.  This is particularly true in Japan, in South America, and in Europe.  In fact, there are 16 countries in Europe that are experiencing deflation right now.  In a desperate attempt to spur economic activity, central banks in Europe and in Japan are playing around with negative interest rates, and so far they seem to only have had a limited effect.
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Belgium Terror Attack Sparks Gold Pop, Oil Drop

While stock markets are modestly lower, and "off the lows", perhaps in anticipation of the quite unbelievable panic-buying that occurred after the French terrorist attacks, investors have seemingly rotated from black gold to pet rocks for safety as the former extends overnight losses from China and the latter bounces back above $1250.



Goldman Says To Sell Risk Assets, Go To Cash Ahead Of "Expected Elevated Volatility"

The latest to join in the skepticism rally is none other than Goldman Sachs strategist Christian Mueller-Glissmann who in the latest "Global Opportunity Asset Locator" report, writes that the "relief rally across risky assets might fade over the near term", warns that "sharp declines in oil prices are likely to weigh on risky assets again", suggests to go to "reduce risk allocation", warns against holding US HY bonds as "the risk/reward is least favourable if oil prices reverse course" and "go to cash" ahead of "expected elevated volatility."



Trump Blasts Muslims After Brussels Attack: "We Cannot Let These People Into Our Country"

"They have to be more open with the police. They have to let people know when they see people making bombs on the first floor of an apartment."

Dramatic Video Footage From The Brussels Terrorist Attacks





Belgium Cancels All Air, Rail Traffic Into/ Out Of Brussels; Military Deployed

Brussels has once more been transformed into a warzone after at least three explosions ripped through the city on Tuesday morning killing what will likely end up being dozens of people. Up next: lockdown.

Global Markets, S&P500 Futures Fall After Brussels Bombings

This morning's Brussels suicide attacks have led to risk-off sentiment across European asset classes, with Bunds higher and equities firmly in the red, although if the Paris terrorist attacks of November are any indication, today's tragic events may be just the catalyst the S&P500 needs to surge back to all time highs. FX markets have also been dominated by events in Brussels, with USD and JPY strengthening, while EUR and GBP softening throughout the European morning.



Whose Bright Idea Was It To Show A Naked Melania Trump In An Attack Ad?

If anything, this ad could lead to a surprising last minute surge for Trump. And yes, if the democrats (and non-Trump republicans) want to desperately lose the national election, they should certainly show more naked photos of Melania Trump on social networks and/or TV.

NAFTA and Obama’s Proposed ‘Trade’ Deals Are UnConstitutional

from Washington’s Blog:

NAFTA and other mega-‘trade’ deals are actually about lots more than merely ‘trade’; they’re about sovereignty — the ability of each of the participating nations to establish laws and regulations restricting toxicity of products, environmental pollution, protecting workers’ rights, and many other things that are essential to the public’s welfare. These ‘trade’ deals lock-in existing laws and regulations so that no matter what is found by future scientific studies which may indicate, for example, that a given product is actually far more toxic than had previously been known, the laws and regulations can’t be increased, because any such increase would subject the given nation to multi-billion-dollar lawsuits by international corporations for ‘infringing on the rights of stockholders to profit’ by any stiffening of those regulations existing at the time the ‘trade’ deal became law.
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China Hard Landing Hits Electricity Consumption

from Wolf Street:

Chairman of large power company slips, apparently.
OK, we’ve heard the official story. China is transitioning from a manufacturing economy to a consumption-based economy. Consumers are king. They’re going to buy stuff. And that’s going to heat up the economy.
Imports and exports have been plunging for months, but no big deal, Chinese consumers – and there are a lot of them – are going to pull the economy forward. That’s the official story.
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The REAL Alan Greenspan – Past and Present

by Jeff Nielson, Bullion Bulls:
Regular readers are familiar with a quotation from Alan Greenspan, which has been used in a number ofprevious pieces, dating back to 1966:
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
Standing alone, the quote appears profound, perhaps even heroic, given the sea of paper-pushing, banker dogma which surrounded that quote, and continues to surround it to this day. Indeed, many readers may have asked themselves: how could 1966 Alan Greenspan have ended up as Chairman of the Federal Reserve, just over twenty years later?
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DOW JONES vs SILVER: Trading Volume Says It All

by Steve St. Angelo, SRS Rocco Report:
If we compare the Dow Jones Index to Silver, we can spot a troubling trend. Normally when a stock price or index increases, so does the trading volume. This was true for the Dow Jones Index from 2002-2009. If we look at the chart below, we can see a normal market… increasing stock value and subsequent trading activity:
As the Dow Jones Index increased from a low of 7,500 in 2002 to over 14,000 in 2007, its trading volume doubled. However, if we look at the next chart, we see a troubling sign. As the Dow Jones Index increased from 8,000 in early 2009 to over 18,000 in 2015, its trading volume is currently 2+ times lower:
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Two of the Worst Investments You Can Make Right Now: Facebook and China

from The Daily Bell:
New York Times … With ‘Smog Jog’ Through Beijing, Zuckerberg Stirs Debate on Air Pollution … Some noted he should have worn a face mask … Others simply took umbrage with where the photo was staged, at the heart of Tiananmen Square.“The floor you stepped has been covered by blood from students …” wrote a user named Cao Yuzhou. – New York Times
Mark Zuckerberg’s China trip turned surprisingly “hot.” There was a lot of local coverage regarding his recent jog, and some leaked into the Western mainstream media as well.
This reinforces a trend when it comes to Facebook coverage in the West. The mainstream media reports on Zuckerberg with a dutiful persistence based on his wealth and youth and doesn’t make much of a distinction as to what ought to be written about.
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Biotech Giant BASF Closing GM Test Sites and Eliminating 350 Jobs

by Christina Sarich, Natural Society:
BASF, one of the big six pesticide and GMO corporations, has announced that it is closing GM test sites in Hawaii, India, and Puerto Rico, and cutting its work force by 350.
Creating new GM seeds or staying ahead of the biotechnology curve is extremely expensive. Though sales for GM seeds have been on the rise, the world is increasingly turning its back on GMOs and the pesticides used to grow them.
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Clinton Emails Reveal Google’s Role in Attempting to Oust Syria’s Assad

from Liberty Blitzkrieg:
Eric Schmidt, the former chief executive officer of Google, will head a new Pentagon advisory board aimed at bringing Silicon Valley innovation and best practices to the U.S. military, Defense Secretary Ash Carter said on Wednesday.
Carter unveiled the new Defense Innovation Advisory Board with Schmidt during the annual RSA cyber security conference in San Francisco, saying it would give the Pentagon access to “the brightest technical minds focused on innovation.”
– From the Reuters article: Former Google CEO Schmidt to Head New Pentagon Innovation Board
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Tucson Cop: Anti-Trump Protesters “Most Hateful People I’ve Ever Seen”

“I could not believe what I saw”
by Paul Joseph Watson, Infowars:
An African-American Tucson cop who attended a Donald Trump rally on Saturday as a neutral observer described the anti-Trump protesters who crashed the event as “the most hateful people I’ve ever seen”.
Brandon Tatum said he wanted to personally attend the event in order to get a first hand experience of what it was all about instead of relying on media perception.
Describing what he saw as “very very shocking,” Tatum said anti-Trump protesters were “verbally violent,” swearing and yelling at people who were attending the rally.
Read More…

Kasich on Nominating Merrick Garland If He Were President: ‘Of Course We’d Think About It’

by Melanie Hunter CNSnews:
GOP presidential candidate Ohio Gov. John Kasich told CBS’s “Face the Nation” on Sunday that as president, he would consider nominating D.C. Circuit Court of Appeals Judge Merrick Garland, President Barack Obama’s Supreme Court pick.
“Well, you know, he received overwhelming support, I think even from Senator Hatch. So, of course we’d think about it,” Kasich said when asked if he would “take a look” at Garland if he were president.
“Let me ask you a presidential question about Merrick Garland put forward by the president for the Supreme Court. This could be a decision you have to handle. What is your sense of — what is your feeling about the way that your Republican colleagues have responded to that nomination from the president?” host John Dickerson asked.
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