"What Could Have Possibly Raised Your Costs" - Hillary Can't Answer Why Obamacare Costs Are Soaring

Submitted by Tyler Durden on 05/12/2016 - 10:30
Hillary Clinton's strategy to get in front of voters and answer one-on-one type questions is not working out very well. First, Clinton couldn't explain to an unemployed West Virginian why she was promising to put a lot of coal miners out of work. Now, Hillary can't explain why Obamacare fees are higher than promised, and are set to explode even higher next year.

“This Sucker Is Going Down” – Citi Bank Warns of Unmitigated Global Disaster

by The Doc, Silver Doctors:
In case you haven’t noticed, the economy continues to drag on at or near the breaking point, and all the big institutions are fully aware and even warning about it. If they can’t be proven to be part of engineering it, then they are certainly capitalizing on the farcical vulnerabilities of this illusory/usury system and preparing to short the market – which has proven to be little more than a synthetic financial atmosphere that is run off of Fed notes from the top down.
Worse, many of the biggest entities are poised to trample underfoot when the music stops, which means the masses will be even more under the yoke of the most centralized and massive bureaucracy history has ever recorded. The foretold “Third Wave,” warned about by Goldman Sachs, seems to be coming.
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Exposing The Job Market Reality - Only Purple Squirrels Need Apply

Submitted by Tyler Durden on 05/12/2016 - 11:38 With job openings at near-record highs, according to the JOLTS data, some see an extraordinarily tight labor market. What they seemed to have missed amid the euphoric headlines was the drop in actual hiring.

Paul Ryan Signals "Unity" With Donald Trump: Live Webcast

Submitted by Tyler Durden on 05/12/2016 - 11:28 Following their much anticipated meeting first thing this morning, Donald Trump and Speaker Paul Ryan touted that they are "totally committed to working together" in a joint statement after their high-profile Thursday morning meeting, calling for "shared principles" and a "conservative agenda."
 

It’s Begun, Countries Are Moving Away From The US Dollar By Loading Up On Gold

from X22Report:
Macy’s, Gap, Old Navy and many other retailers are reporting a decline in sales. The US economy is declining rapidly and the collapse is right around the corner. Baltic Dry Index declines once again. Italian banks are struggling with bad loans and this is spreading to other European banks. Central banks and Countries are now trading their US dollars for gold, a signal we are approaching the end of the dollar reserve.

Gold, Silver, & Stocks Are Slumping On Heavy Volume

Submitted by Tyler Durden on 05/12/2016 - 11:09

Peak Economy - The Failure Of Fed Policy Exposed In 5 Painful P&G Charts

Submitted by Tyler Durden on 05/12/2016 - 11:01 What is taking place in the macro economy is a true demand death spiral and this can be seen very clearly by using Proctor & Gamble’s microeconomic context as a representative model. If one steps back and simply looks at the accuracy of the world’s prominent PhD economists and market pros’ predictions over the past 7 years one can’t help but shake one’s head. And we believe investors have become wise to their ignorance.  We’ve seen a record 15 consecutive weeks of net selling of equities despite these expert pundits continuing on in their attempt to deceive investors into believing we are just one or two quarters away from that (now) proverbial recovery.

Google Tops Apple As Largest Company In America

Submitted by Tyler Durden on 05/12/2016 - 10:45 As Facebook nears the size of Exxon Mobil, Google has just topped Apple (for the first time since Dec 09) as the biggest company in America...

Dead Cat Bounce Dies - Stocks Give Up Overnight Gains As Crude Crumbles

Submitted by Tyler Durden on 05/12/2016 - 10:22 Well that de-escalated quickly...

"Wild Scene" Outside Trump Meeting: Media, Protesters, Gawkers And Even A Bagpiper

Submitted by Tyler Durden on 05/12/2016 - 10:19

AAPL Tumbles After Report Of 70-80% Plunge In iPhone Chip Shipments

Submitted by Tyler Durden on 05/12/2016 - 10:08 Apple share are tumbling (as are the entire complex of suppliers) following a report from Nikkei that Taiwan Seminconductor's shipments of iPhone 6s, iPhone 7 chips for June-Dec. period will likely shrink 70%-80% vs year earlier. As one anayst noted, a decline of more than 20-30% is not in consensus estimates. As Bloomberg reports, of particular interest is that this cut to orders is about upcoming iPhone 7, not about the well-publicized iPhone 6 slowdown.

The Frogs Are Boiling Again - Why Wall Street Stays In The Pot

Submitted by Tyler Durden on 05/12/2016 - 10:02 Wall Street’s cockeyed faith that another stock market bailout is on the way rests on the idea of a post-election return to fiscal stimulus - since even the casino punters now see that the jig is up on ZIRP, NIRP and QE. Here’s the problem. When General (Paul) Ryan gets together in the oval office with either Hillbama or the Donald next February the budget projections will already be deep in trillion dollar deficits under current policy. Therefore what will get stimulated, if anything, is a colossal political firestorm over who bankrupted the nation. There will not be another fiscal stimulus this go round. This time the frogs of Wall Street will be left to boil.

WTI Crude Tops $47 To 6-Month Highs After IEA Forecast

Submitted by Tyler Durden on 05/12/2016 - 09:47 Following IEA's report this morning which proclaimed OPEC production at record highs but forecast a drop in the global oil glut in the first half of the year (due to demand from India, as the current marginal demand driver - China's teapot refiners - have since slowed dramatically), WTI crude prices have jumped back above $47 for the first time since November 2015. It seems, however, tha traders did not read the sedtion that said, further gains in oil prices “are likely to be limited by brimming crude and products stocks.”

Donald Trump Arrives For "Showdown" With Paul Ryan In Washington

Submitted by Tyler Durden on 05/12/2016 - 09:21 Following today's eagerly anticipated summit between Paul Ryan and Donald Trump, don’t expect a joint press conference or photo op. As the Hill notes, Ryan is showing no signs that he’s prepared to swiftly endorse Trump when they emerge from their huddle at Republican National Committee (RNC) headquarters on Thursday morning.

Deustche Bank Brokers Jailed After "Prolonged, Persistent Bad Behavior" In Biggest Insider Trading Bust Ever

Submitted by Tyler Durden on 05/12/2016 - 09:06 Two former Deutsche Bank corporate brokers have been sentenced to one of the longest prison terms possible for the crime of insider trading in the UK. As US financial market participants walk free in the streets managing their own "home office" money, Martyn Dodgson and Andrew Hind will be rotting in a Wandsworth prison cell (among the worst reputed of England's prisons) for up to four and half years for what the judge called "persistent, prolonged and deliberately dishonest behavior." As Bloomberg reports, the group, including three other defendants, formed part of the FCA’s biggest insider-trading investigation dubbed Operation Tabernula.

Two More Energy Companies Go Bankrupt: Linn Energy, Penn Virgina File Chapter 11

Submitted by Tyler Durden on 05/12/2016 - 08:59 We can now add two more major names succumbing to the Saudi onslaught against marginal shale producers when overnightfirst Linn Energy announced a prepackaged Chapter 11 deal, followed by Penn Virginia defaulting just hours later.

Why Hedge Funds Have Rarely Been More Bearish: Highlights From The SALT Conference

Submitted by Tyler Durden on 05/12/2016 - 08:50 Following last week's Sohn Conference, where the overarching theme was one of prevailing bearishness topped by Stanley Druckenmiller's near-apocalyptic forecast that only gold will be left standing after all confidence evaporates in the "magic people" known as central bankers,  yesterday some 1,800 hedge fund industry executives gathered in Las Vegas at the SkyBridge Alternatives Conference or SALT, where the prevalent concern about the future of the world continued, driven primarily by worries about China.

US Import Prices Tumble For 21 Months In A Row As China Exports Most Deflation Since 2009

Submitted by Tyler Durden on 05/12/2016 - 08:45 For a near record 21 months in a row, US Import Prices dropped in April compared to last year (down a worse than expected 5.7% YoY, and rising only 0.3%, less than the 0.6% expected rebound from March) with China exporting deflation at the fastest pace since 2009.

Initial Jobless Claims Soar Most In 11 Years To 15-Month Highs

Submitted by Tyler Durden on 05/12/2016 - 08:36 The last great hope indicator of the bullish narrative appears to have broken as today's initial jobless claims soars 20k to 294k - the highest since Feb 2015. Seemingly confirming the dismal payroll print, one can only wonder how long before this catches 'down' to the weakness in PMI/ISM survey employment data and the hard macro data. The last 3 weeks have seen initial claims soar by the most since 2005...

Full-Blown Fearmongering: Bank Of England Warns Of Recession, "Sharp" Sterling Fall If UK Leaves Europe

Submitted by Tyler Durden on 05/12/2016 - 08:09 While the Bank of England voted unanimously 9-0 to keep rates on hold at 0.5%, what the market was far more focused on the BOE's latest gloomy scenarios about what would happen should the UK vote for Brexit on June 23. The BOE did not disappoint, and cautioned that that sterling could fall "sharply" and unemployment would probably rise, while in the press conference after the announcement BOE governor and former Goldmanite Mark Carney went all the way warning Brexit "could possibly lead to recession."

Regulators Want To Know What Goldman Was Doing In The Panama Papers Database

Submitted by Tyler Durden on 05/12/2016 - 07:26 What investigators found from the recently published Panama Papers database and other leaked documents is that none other than Goldman Sachs and three other banks that are licensed by the state of New York had set up Panamanian shell companies. The other banks are BNP Paribas SA, Canadian Imperial Bank of Commerce and Standard Chartered Plc.

Brazil President Rousseff Suspended, To Be Put On Trial After Losing Impeachment Vote

Submitted by Tyler Durden on 05/12/2016 - 06:10 In a vote whose outcome was largely expected, moments ago the Brazilian Senate concluded a marathon 21 hour session with a 55 to 22 vote to suspend President Dilma Rousseff from office to face an impeachment trial, ushering in a new government to take command of Latin America’s largest economy. Rousseff will be tried on allegations she illegally doctored fiscal accounts to mask the size of the budget deficit.

The S&P 500 Chart Shows A "December Swoon" Is Straight Ahead

Submitted by Tyler Durden on 05/12/2016 - 03:55 With the recent rally showing increasing signs of exaustion and the market topping, traders have begun to wonder if the S&P500 will suffer the same fate in the coming months as it did in August 2015, and - more apropos - in December, when the S&P failed to make a new high before starting a more significant correction leg into January. Two technicians who are convinced this is precisely the case, are UBS' Michael Riesner and Marc Muller, who think a bounce into next week can have the same character as in December, which failed to make a new high before starting a more significant correction leg into January. UBS believes the next plunge will will take place in June.

MEPs Slam Latest Greek Bailout As "Social Armageddon"

Submitted by Tyler Durden on 05/12/2016 - 03:00 Lawmakers in the European Parliament have sharply condemned the latest Greek bailout deal - reached after weeks of negotiations - which they say will lead to "Social Armageddon" and "too high a price to pay." As SputnikNews reports, heated exchanges over the state of play of the Greek macro-economic adjustment program were seen in the European Parliament this week, and divisions are also very evident within the Troika itself as obvious need for debt relief (IMF) is scuttled by Germany and the Eurogroup.

Finance + Stress = Suicide (Or Trump)

Submitted by Tyler Durden on 05/12/2016 - 03:00 The mortality rate for whites 45 to 54 years old with no more than a high school education increased by 134 deaths per 100,000 people from 1999 to 2014. For the first time in history the life expectancy of white American women had decreased, due primarily to drug overdose, suicide and alcoholism. The demographic groups that are experiencing the highest rates of drug overdose, suicide and alcoholism are also the most likely to be supporters of Donald Trump in his campaign for the U.S. Presidency. It does not take a Nobel Laureate to observe a high level of distress among white middle-class Americans. Trump simply taps into that angst.

The Obama Administration Just Gave Warmonger Henry Kissinger The Distinguished Public Service Award

by Melissa Dykes, Activist Post:
It’s a sick sad joke coming from the Nobel Peace Prize (for nothing) president who is bombing … wait, how many countries is Obama currently bombing again? Seven? Is anybody even keeping track anymore?
Here’s everyone’s favorite humanitarian Henry Kissinger shaking hands with defense secretary Ash Carter at a special ceremony at the Pentagon two days ago where the good bridge troll doctor got the highest award the Department of Defense can possibly bestow upon a civilian: a Distinguished Public Service Award.
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The Planned Starvation of America

by Dave Hodges, The Common Sense Show:
It would appear that Alex Jones and Dave Hodges were serendipitously working on the same story. Someone who knew that I was releasing this story, today, sent me an Alex Jones’ interview, yesterday afternoon. The point being is that two journalists with completely different sources,who have never spoken to each other, are telling the public the same exact story, with the same exact consequences, it is time to pay attention. As a point of reference, here is the brief version of the Alex Jones video.
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Raw Venezuela: Looter Burned Alive, While “Streets Filled With People Killing Animals For Food”

by Mac Slavo, SHTFPlan:
The situation in Venezuela is reaching all out chaos, as crippling socialist policies have resulted in a devastating power and food shortage, as well as looming political instability.
The point was reached long ago where people were forced to wait in long lines for basic rations that may not even be there, or turn to the black market.
Now, hunger and scarcity have apparently reached a tipping point that is driving people to poach stray animals and even pets for food.
According to the PanAm Post:
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Brazil is an Absolute Mess!! …Why?

by Jeff Nielson, Bullion Bulls:

Brazil will be hosting the Olympics in about a month’s time, a global athletic spectacle which is only rivaled by the World Cup, in terms of its size, popularity, and the resultant geopolitical prestige attached to hosting such an event.
Brazil is also currently experiencing its worst economic, social, and political problems in decades. Coincidence? Right.
Roughly a decade ago, the acronym “BRIC” was coined, to refer to a quartet of nations seen to be the world’s up-and-coming economic tigers. A few years later, the acronym was expanded to “BRICS”, as South Africa was added to that group. Read More

Banker, Bail Thyself

by Bankster Slayer, Rogue Money:
We wanted to bring this video featuring Jim Rickards and subsequent post by Yanis Varoufakis to your attention because this goes a long way in fleshing out the hazy outline of the globalist agenda that we see looming in the not-too-distant future. The bottom line here is that there is only one institution large enough to rescue the coming collapse of the world’s central banks and that institution is the International Monetary Fund, essentially the bank of the United Nations. Gold will be front and center whether this rescue plan gets implemented or not, as you will see further down in this interview. So all the gold bugs amongst us will at least have that in their favor.
Below is a review of the conversation between Jim Rickards and Max Keiser, published on May 03, 2016. And yes, while we agree that Rickards may be a “globalist shill” and that you would be well advised to keep him at arm’s length, it is precisely because of his globalist relationships that we ought to take notice of what he is saying. Further, the very next day after this video was published, Yanis Varoufakis posted an article that provides even more details to this plan. I’m not here to say whether the plan is evil or beneficial; I will leave that to the readers’ comments below this article to open up discussion on that score.
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