Monday, April 4, 2016

Mossack Fonseca Has 441 U.S. Clients: Who Are They?







Is Trump's "Recession Warning" Really All Wrong?

There is currently no evidence of a recession now, or even in the few months ahead. There never is. While Trump’s call of a “massive recession” may seem far-fetched based on today’s economic data points, no one was calling for a recession in early 2000 or 2007 either. By the time the data is adjusted, and the eventual recession is revealed, it won’t matter as the damage will have already been done.


Canadians Switch out of Canadian Dollars into US Dollars Now!!

by Clive Maund, GoldSeek:

As a Brit I well understand the deep admiration the Canadians have for their powerful neighbors south of the border, even if it is not always expressed. The good news in this update is that now is the time to “put your money where your mouth is” when it comes to admiring the Yanks, by changing your Canadian dollars immediately into US dollars, the prime reason being that the Canadian looks set to drop after a big rally from mid-January, while the US dollar looks set to surprise by rallying away from the danger zone of the support around 93 on the dollar index.
Conventional wisdom has it that the dollar is now doomed because the Fed has just chickened out of raising rates again, but what the market is overlooking is that the Fed can blow hot and cold on interest rates anytime they like, and since the market hangs sycophantically on their every word, only words are required, not actions. Furthermore, the outlook for the dollar is actually determined by factors other than whether or not the Fed decides to hike rates by a microscopic quarter of a percent, factors like the Chinese economy imploding and dragging the world into depression, with the potential for mass liquidation driving another ramp in the dollar.
Read More


Dismal Data Deluge Deletes Dow Dead-Cat-Bounce








Yelling "Stay" In A Burning Theater - 'Simple' Janet Does It Again

The longer the Fed perpetuates today’s massive 24X bubble with soporific open mouth interventions like Yellen’s pathetic speech last week, the more violent and traumatic the risk asset implosion will ultimately be. You would think our monetary politburo might at least notice that after trading in no man’s land between 1870 and 2130 on the S&P 500 for the past 700 days, the casino is positioned exactly where it stood in 2007 and 2000. Simple Janet has attained a new milestone as a public menace with her speech to the Economic Club of New York. It amounted to yelling “stay” in a burning theater!



Russia Relies On Gold To Push Reserves Back Over $380 Billion

Whether you define gold as a barbarous relic, a pet rock, "tradition", or "doomed", Russia surely refers to it as a saving grace. As Russia’s foreign reserves dwindled to just under $350 billion in early 2015, many predicted Russia was going to burn through all of their reserves in the not too distant future as they dealt with a depreciating Ruble and plummeting oil revenues. However, this dire prediction did not pan out mainly due to one thing: Russia’s strategic decision to load up on as much gold over the past few years as it possibly could.



Iceland Protesters Gather In Front Of Parliament Demanding PM Resignation: Live Webcast

Thousands of people are gathering in Reykjavik's Austurvöllur square in front of the parliament building to vent their anger over the previously discussed revelations involving Prime Minister Sigmundur Davíð Gunnlaugsson and the Panama Papers. As a reminder, various local politicians have already asked for his resignation which he has refused to grant. Additionally, as Iceland Monitor writes, the PM's words in an interview today that "It's not like everyone is going to attend the protest," seems to have sparked further fury.



Was There A Run On The Bank? JPM Caps Some ATM Withdrawals

Under the auspices of "protecting clients from criminal activity," JPMorgan Chase has decided to impose capital controls on . As WSJ reports, following the bank's ATM modification to enable $100-bills to be dispensed with no limit, some customers started pulling out tens of thousands of dollars at a time. This apparent bank run has prompted Jamie Dimon to cap ATM withdrawals at $1,000 per card daily for non-customers. Of course, we are sure this is just another 'storm in a teacup' as why would anyone complain about a bank withholding people's money when they are assuredly tax evaders, terrorists, drug dealers and human traffickers.



Why Manufacturing Matters

It’s not the more fickle and systemic nature of the FIRE economy that makes manufacturing particularly important. It goes well beyond that...



Kunstler: Donald Trump - The Ironic Antidote To The Pandemic Of Lying In America?

“He says what he really thinks.” That is the standard explanation for the astounding political rise of Donald J. Trump. Somehow the news media have missed the meaning of this: that the rest of political America refuses to say what it really thinks. Why is that and how can it be?



Crude Loses Key Technical Support As BNP Sees Oil "Revisiting The Year's Lows"

The early exuberance in oil has faded today as WTI tumble to fresh one-month lows, crucially losing the key 40-week moving average once again as the downtrend looks set to continue. With BNP Paribas warning that WTI is set to revisit the lows of the year, the time for redeterminations looms large over a sector that has been bid up once again on hope that this time it's different.



Ukraine President Poroshenko Responds To Money Laundering Allegations





The Boomer Retirement Meme: One Big Lie

Boomers aren’t retiring en mass because they can’t afford to retire. The labor participation rate of the younger generations is being negatively impacted by the non-retirement of Boomers. This is called the trickle down effect from unintended consequences. The establishment has strip mined the wealth of the country, leaving a barren wasteland in its wake, creating a seething populace, seeking perpetrators to blame.



As Manhattan Apartment Prices Soar, The Devil Is In The Details

As Bloomberg notes, apartment prices in Manhattan are at record levels. Q1 Mean and median prices are up 15% and 22% y/y respectively. Drilling into the detail a little further, the median price for 3+ bedroom apartments skyrocketed to $4.0mm, a whopping 30% y/y.  On the surface the aforementioned would indicate a market that’s hot, and about to get hotter, but be careful with that assumption.



Good News For Trump? Not A Single "Credible Prediction" Has Him Winning Wisconsin

When it comes to predicting the trajectory of Trump's presidential campaign, "credible forecasters", the media, pundits, and other self-appointed experts, have been dead wrong every step of the way, calling for his demise so many times even they themselves no longer believe their narrative.  So perhaps it is good news for the independent Republican candidate that ahead of Tuesday's Wisconsin primary, where he first had a sizable lead, than last week was trailing by double digits, before being virtually tied with Cruz, and then trailing a little more per the latest poll, not a single "credible prediction" has him winning Wisconsin.



ISIS In Europe: How Deep Is The "Gray Zone"?

How many Muslims will this ISIS virus be able to infect in the vast European "gray zone"? The answer will determine our future.



In Bizarre, Schizophrenic Note Morgan Stanley Compares Rally Chasers To "Cockroaches"

In the span of 3 pages, a market strategist for a major Wall Street bank first compares rally chasers to cockroaches, and says that he himself is a cockroach, then just a few lines lower contends he is not a cockroach, and finally says he is only human.


America, We Have a Problem: Homelessness Is Out of Control

by Cynthia McKinney, Alternet:

“Black and Latino children are disproportionately represented in the country’s homeless children population, with Blacks taking the larger share.”
It’s hard to imagine that the country that controls so much nuclear firepower and drops so many bombs every day is unwilling to educate its children and house its own people.
The poor have been with us since there was an “us.” And, as much as I would like to see zero poverty in the United States, a country that spends trillions on its domestic and international security apparatuses, I know that the political will for such policies is just not there today.
Read More

Intelligence Insider: How To Protect Your Assets From Critical Infrastructure Failure: “Power Grid, Banking System, Cyber Financial Warfare”

by Mac Slavo, SHTFPlan:
Intelligence insider Jim Rickards has previously warned of asymmetric attacks using cyber warfare, financial warfare and domestic disasters involving chemical, biological or radiologicial events. The threat is multi-faceted and the consequences of such an attack, whether it takes the the form of state-sponsored cyber financial warfare or a rogue terrorist group detonating a dirty bomb, could act as a destabilizing event that wipes out everything from our power grid to the wealth stored in your digital financial profiles.
Having worked directly with intelligence agencies simulating and war-gaming the potential fall-out that could result, in his latest interview with Crush The Street Rickards explains the distinct Doomsday scenarios that could instantly collapse life as we know it in America today… and how to prepare for them.
Read More

Number ONE Enemy of the State

by James Hall, Silver Doctors:

There is immense confusion about the nature of the State. There is even more bewilderment about what constitutes a patriot. Any discussion in the civic realm begins with a cultural viewpoint. An attitude toward the proper role of the individual’s relationship with government based upon one’s value system and interpretation of civil order is natural. One man’s patriot is another man’s traitor. Where do you stand on the sentiments behind the penning of the below ideas? Quiz yourself and see if you can figure out the name of the author.
The quotes assembled in this essay illustrate that government officials and agencies would put the critic on a terrorist watch list. Read each and compare if the thought behind the passage agrees with your value system or if the attitude is too extreme for mainstream politics in today’s America. If left up to the national security apparatus, the author would be on a wanted poster, labeled as the Number One Enemy of the State.
Read More

The Statists’ Dream List: Systematically Destroying Our Freedom of Speech

from Survival Blog:

Although much of the focus in Constitutionalist circles is rightfully on combating threats to the Second Amendment, there is an equally important issue: Our First Amendment freedoms of speech, press, religion, to peaceably assemble, and assuring our right to petition for redress of grievances. These rights are in peril.
Gradually, the United States is devolving into a quasi-Police State. One goal of the statists/collectivists is to marginalize and muzzle independent journalists. In this essay, I will outline some of the methods that could provide multiple gains for the statists: to control the press, to steer mass media content in a way that is pleasing to The Powers That Be, to consolidate State legitimacy, to manipulate and construct public opinion, and to exclude and marginalize the alternative media. In essence, the statist goal is to give the corporatist mainstream media a monopoly and make them a compliant choir that only sings one tune: The Approved Message.
Read More

New Law Allows Unlimited Amounts Of Secret Money Into Elections

from The Sleuth Journal:

When a divided U.S. Supreme Court ruled in favor of Citizens United in 2010, it reshaped the political landscape by opening the floodgates to what is known as “dark money.” Unlimited amounts of secret cash can now be funneled to political candidates from entities posing as nonprofit organizations, and the public has no right to know who is buying these elected officials.
The biggest beneficiary of the Citizens United case appears to be Hillary Clinton, which is ironic considering that the subject of that case was a film critical of Clinton. She has long been a soldier for corporate interests, from propelling Wal-Mart to enormous proportions during the 1990s to advancing the interests of the military-industrial complex and Big Pharma.
Read More


Gun Free Zone...Only  Criminals have guns...

GUN VIOLENCE NEARLY DOUBLED IN CHICAGO OVER THE PAST YEAR

from The Daily Sheeple:

Whenever pro-second amendment advocates try to argue that gun control will lead to disaster, the city of Chicago has always provided the perfect fodder for their arguments. Despite having some of the most draconian gun laws in country, the city of Chicago has long been notorious for its mind-boggling murder statistics. To the surprise of no one who supports gun rights, the latest statistics out of Chicago show that the city is still a prime example of what happens when you hinder gun rights for law-abiding citizens.
According to CNN, 141 people were murdered in Chicago during the first three months of the year, which is 71.9% higher than the 82 people who were killed in the same time frame last year.
Read More



/

No comments:

Post a Comment