Submitted by Tyler Durden on 03/02/2016 - 16:36
While warnings by former central bankers who are more responsible about the current global mess sound as nothing but revisionist bullshit. And yet, it was what King said today at the launch of his new book that left us surprised.As the Telegraph reports today, according to the former head of the Bank of England Europe's economic depression "is the result of "deliberate" policy choices made by EU elites.
"I'm Very Sad": Peso Collapse Triggers Despair At Mexican Border Towns
Submitted by Tyler Durden on 03/02/2016 - 17:15 "I’m very sad that I have to close my store." Tell it to King Salman.'Yuuge' Short-Squeeze Sends Small Caps Soaring Amid Crazy Crude Roller-Coaster
Submitted by Tyler Durden on 03/02/2016 - 16:05
Chesapeake Founder Aubrey McClendon Dies In Car Crash One Day After Federal Indictment
Submitted by Tyler Durden on 03/02/2016 - 14:57 Just one day after the DOJ unveiled its had indicted Chesapeake Founder and former CEO Aubrey McClendon on federal charges of conspiring to rig bids for oil and natural gas leases, moments ago the Oklahoma Police announced that he was found dead in a car accident, when while traveling in a 2013 Chevy Tahoe at a high rate of speed he crashed while driving on a two-lane highway and was engulfed in flames.
Great Depression Redux: First Currency War, Now US Unleashes Trade War With China
Submitted by Tyler Durden on 03/02/2016 - 15:55 Given the vicious downward spiral of competitive devaluation that is washing around the world's economic bathtub, it appears - just as we saw during The Great Depression - that currency wars have given way to mal-investment-fueled protectionism as US launches the first missile in the trade wars with a massive 266% tariff on imports of cold-rolled steel. “There’ll be a short-term benefit,“ said John Packard of Steel Market Update. ”However, in the long run, the U.S. mills are always going to want more tariffs, and it’s questionable how much more [protection] they can get."
US Stocks Are The Most Overbought In 12 Years
Submitted by Tyler Durden on 03/02/2016 - 15:45 With GAAP valuations topping 22x, macro data weakening everywhere, and US equities at their most overbought since 2004, what could possibly go wrong?
Sheep Line Up For Slaughter: Investors Buy Most Junk Bonds Ever
Submitted by Tyler Durden on 03/02/2016 - 15:25 HYG - the high yield bond ETF - is trading at its richest to NAV in over 4 years after 7 straight days of inflows. This flowgasm seemed to crescendo yesterday where Credit Suisse estimated a very sizeable HY retail fund inflows (total amount hitting ~$1.9bn) which they note beat 5-Nov-2014 as being the largest inflow day ever. With the ETF at such an extreme in valuation and given the historical performance of the fund after 7 straight days of inflows, it appears the sheep are heading for slaughter once more...
Oil Options Traders Ain't Buying It - Bearish Bets Biggest In A Year
Submitted by Tyler Durden on 03/02/2016 - 15:05 Despite Andy Hall's wish hope forecast guess statement that "the bottom is in," for crude (and oil analysts unicorn-like forecast of $47 by year-end), it seems oil options traders disagree significantly.
"How To Move To Canada" Searches Spike 1,000% After Trump Super Tuesday Rout
Submitted by Tyler Durden on 03/02/2016 - 14:45 "You're going to be very proud of me as president"...
How The U.S. Government And HSBC Teamed Up To Hide The Truth From A Pennsylvania Couple
Submitted by Tyler Durden on 03/02/2016 - 14:26 The reason both the Democratic and Republican establishments are in full on panic mode about the rise of Donald Trump and Bernie Sanders is a deep seated fear that the plebs have finally woken up. Although the Department of Justice and HSBC thought the money laundering case was settled ancient history, a determined chemist from Pennsylvania is throwing a wrench into their plans and it could have major implications.
And Then There Were 4 - Ben Carson Says "No Path Forward" In Presidential Bid
Submitted by Tyler Durden on 03/02/2016 - 14:16 After a disappointing Tuesday, Ben Carson is out...
Beige Book: Fed Confused By Impact Of Low Gas Prices, Blames Stock Market, Sees Rising Wage Pressures
Submitted by Tyler Durden on 03/02/2016 - 14:15 While the Fed realizes that its actions are impacting the market, and that plunging gas prices are not the "unambiguously good" thing macrotourists expected one year ago, it now has to deal with not only the highest core inflation in years, but rising wages.And just like that, the March FOMC meeting just went "rate hike" hot again.
One Hedge Funds Warns The Market Will (Again) Be Sharply Disappointed By The ECB
Submitted by Tyler Durden on 03/02/2016 - 13:53 Market discounting ECB to intervene boldly, via a combination of increased QE, LTRO, depo rate cut, without collateral damage caused on banks by deeply negative interest rates. As banks performed strongly in recent days, market may think the recent complaining about negative rates by top banks’ executives across Europe has been heard. On the contrary, we believe deeply negative rates are coming, and are an inescapable negative for the banking sector, leading to overall weak equity markets post ECB.
China Presses Its Maritime Luck, Blocks Access To Fishing Lanes
Submitted by Tyler Durden on 03/02/2016 - 13:32 "I’m alarmed because we frequently pass by that atoll on our way to Pag-asa. What will happen now if we sail close with all those Chinese ships?”
Can US Equities Go Green For The Year?
Submitted by Tyler Durden on 03/02/2016 - 13:15 With yesterday’s impressive equity rally, every trader is asking the same question: “Can U.S. equities go green on the year?” To think through this question, we outline the scenarios that DO push equities higher (a good jobs number, a quiescent Fed, and good economic data) and compare them to those that DON’T (presidential politics, oil prices, and corporate fundamentals).
"Everything Is Awesome"
For now...
No matter what ailed you, the doctor had one cure: attaching leeches to your body.
In the Middle Ages, doctors used leeches to treat everything from headaches to ear infections, asthma, smallpox, the plague, and hundreds of other diseases. If there was something wrong with you, leeches were the solution. If that didn’t work, the answer was more leeches.
Today, modern medicine has discredited leeches as a cure-all. We look back on it and laugh. “How could we have been so stupid?”
Read More…
Debt creation behaves like printed money until the time at which the creditor demands to be repaid in full rather than extended through refinancing. The continuous expansion of debt is therefore no different than continuous money printing up to the point at which the credit markets will no longer tolerate more debt.
The U.S. economic system is riddled with more debt now than in 2008 when a de facto financial collapse the Great Financial Crisis occurred. Debt behaves like printed money until the time at which the debt has to be repaid. The Federal Government never repays the debt is issues. It rolls over maturities while at the same time it issues more debt. This happens every two weeks. There’s now $19 trillion in Treasury debt outstanding. That number was about $10 trillion when Obama took office in 2008.
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by S.D. Wells, Natural News:
Until
2016, Zika wasn’t taken very seriously by American authorities. The
relaxed attitude suggested that it was just another mundane disease in
third-world countries. This much was clear from the CDC’s attitude and
lack of recommendations regarding the virus. Soon enough, however, a
concerning percentage of pregnant women that contracted the virus gave
birth to children suffering from birth malformations. Even though Zika
was not fatal, there seemed to be a link between the virus and congenital disorders.
A few months later, Zika didn’t go away. In fact, it came closer. As of February 17, there were 82 documented cases of Zika infection throughout the U.S. according to official figures. The number of infections went up and so did birth malformations.
Read More
Until
2016, Zika wasn’t taken very seriously by American authorities. The
relaxed attitude suggested that it was just another mundane disease in
third-world countries. This much was clear from the CDC’s attitude and
lack of recommendations regarding the virus. Soon enough, however, a
concerning percentage of pregnant women that contracted the virus gave
birth to children suffering from birth malformations. Even though Zika
was not fatal, there seemed to be a link between the virus and congenital disorders.A few months later, Zika didn’t go away. In fact, it came closer. As of February 17, there were 82 documented cases of Zika infection throughout the U.S. according to official figures. The number of infections went up and so did birth malformations.
Read More
by Mark O’Byrne, Gold Core:
The Financial Times recently looked at how the new bail-in resolutions in the EU, U.S. and most of the western world and asked whether they may be leading to “bank turmoil” and increased concerns about banks and the banking sector in the EU. As is typically the case with coverage of the bail-in regime, the important article was little noticed.
Despite this lack of coverage, we believe bail-ins remain one of the greatest financial risks to investors, savers and indeed companies today. Yet they remain the most poorly covered financial risk and remain largely ignored by financial advisers, brokers and not surprisingly banks.
Read More
The Financial Times recently looked at how the new bail-in resolutions in the EU, U.S. and most of the western world and asked whether they may be leading to “bank turmoil” and increased concerns about banks and the banking sector in the EU. As is typically the case with coverage of the bail-in regime, the important article was little noticed.
Despite this lack of coverage, we believe bail-ins remain one of the greatest financial risks to investors, savers and indeed companies today. Yet they remain the most poorly covered financial risk and remain largely ignored by financial advisers, brokers and not surprisingly banks.
Read More
from Paul Craig Roberts:
The purpose of guest contributions is to offer you different views on events from those presented to you by presstitutes and governments pursuing secret agendas. For example, when I post speeches by Vladimir Putin, I am letting the Russian President speak for himself in place of being spoken for by presstitutes determined to demonize him.
I do not post guest contributions as endorsements. I do not necessarily agree with everything in guest contributions. It is possible for people to have many details wrong and still arrive at a plausible or correct conclusion. For example, it is my opinion that Professor Jim Fetzer is correct that the official 9/11 story is false and the three WTC buildings did not come down due to airplanes and fire. However, I do not believe that the evidence produced by scientists supports his view that the buildings were destroyed by directed energy weapons or mini-nukes.
Read More
The purpose of guest contributions is to offer you different views on events from those presented to you by presstitutes and governments pursuing secret agendas. For example, when I post speeches by Vladimir Putin, I am letting the Russian President speak for himself in place of being spoken for by presstitutes determined to demonize him.
I do not post guest contributions as endorsements. I do not necessarily agree with everything in guest contributions. It is possible for people to have many details wrong and still arrive at a plausible or correct conclusion. For example, it is my opinion that Professor Jim Fetzer is correct that the official 9/11 story is false and the three WTC buildings did not come down due to airplanes and fire. However, I do not believe that the evidence produced by scientists supports his view that the buildings were destroyed by directed energy weapons or mini-nukes.
Read More
from The Burning Platform:
FOIA Lawsuit for Terrorist “Hands Off” List Shows Almost 1,000 Individuals Removed from Terror Watch List
Judicial Watch announced today that it obtained 183 pages of documents from the Department of Homeland Security revealing that the Obama administration scrubbed the law enforcement agency’s “Terrorist Screening Database” in order to protect what it considered the civil rights of suspected Islamic terrorist groups. The documents appear to confirm charges that Obama administration changes created a massive “hands off” list. Removed data from the terrorist watch list could have helped prevent the San Bernardino terrorist attack.
The new documents were produced in response to a Judicial Watch February 2015 Freedom of Information Act (FOIA) lawsuit filed on February 13, 2015, (Judicial Watch v U.S. Department of Homeland Security (No. 1:15-cv-00222)) for:
Read More
FOIA Lawsuit for Terrorist “Hands Off” List Shows Almost 1,000 Individuals Removed from Terror Watch List
Judicial Watch announced today that it obtained 183 pages of documents from the Department of Homeland Security revealing that the Obama administration scrubbed the law enforcement agency’s “Terrorist Screening Database” in order to protect what it considered the civil rights of suspected Islamic terrorist groups. The documents appear to confirm charges that Obama administration changes created a massive “hands off” list. Removed data from the terrorist watch list could have helped prevent the San Bernardino terrorist attack.
The new documents were produced in response to a Judicial Watch February 2015 Freedom of Information Act (FOIA) lawsuit filed on February 13, 2015, (Judicial Watch v U.S. Department of Homeland Security (No. 1:15-cv-00222)) for:
Read More
by Dave Hodges, The Common Sense Show:
History renders a hard judgment for a society that eliminates free speech. History shows that very dark days lie ahead when government seeks to control the narrative at any expense.
Loretta Lynch and the Elimination of Free Speech
In the past 60 days, I have been told by multiple sources that I will one day, be prosecuted for anti-Muslim rhetoric by the Federal government. Loretta Lynch is a Muslim, by practice, and is abusing her position to silence any talk against RADICAL and EXTREME Muslim speech even in the aftermath of the murder of 14 Americans by an ISIS sympathizer. This marks the end of the First Amendment in the eyes of the most powerful Justice official, namely, the Attorney General of the United States, and she is a racist to boot.
Read More
History renders a hard judgment for a society that eliminates free speech. History shows that very dark days lie ahead when government seeks to control the narrative at any expense.
Loretta Lynch and the Elimination of Free Speech
In the past 60 days, I have been told by multiple sources that I will one day, be prosecuted for anti-Muslim rhetoric by the Federal government. Loretta Lynch is a Muslim, by practice, and is abusing her position to silence any talk against RADICAL and EXTREME Muslim speech even in the aftermath of the murder of 14 Americans by an ISIS sympathizer. This marks the end of the First Amendment in the eyes of the most powerful Justice official, namely, the Attorney General of the United States, and she is a racist to boot.
Read More
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