Monday, July 25, 2016

"Bedlam" As Wasserman Schultz Boo'd, Heckled Off Stage By DNC Delegates

Not the greatest start to Hillary's homecoming week. Outgoing Democratic Party chairwoman Debbie Wasserman Schultz was booed and heckled at a Florida delegate breakfast, with attendees shouting "shame."

Democrats In Turmoil: DNC Chair Wasserman Schultz Resigns After Wikileaks Revelations

The Democratic party was in turmoil on Sunday afternoon, when just hours ahead of the Democratic National Convention which begins on Monday on Philadelphia, the chair of the Party - DNC Chairwoman Debbie Wasserman Schultz - resigned amid a furor over the humiliating Wikileaks email release, hoping to head off a growing rebellion by Bernie Sanders. And in a stunning move, moments later Hillary announced that Wasserman Schultz would serve as an honorary chair on Clinton's campaign.

Michael Moore: 5 Reasons Why Trump Will Win

"I am sorry to be the bearer of bad news, but I gave it to you straight last summer when I told you that Donald Trump would be the Republican nominee for president. And now I have even more awful, depressing news for you: Donald J. Trump is going to win in November. This wretched, ignorant, dangerous part-time clown and full time sociopath is going to be our next president. Here's why..."

How Do We Make America Strong Again? Start Telling The Truth

You want to make America strong again? The only way to do so is to start telling the truth and insisting on the truth. Accepting statistical lies, propaganda and fraud as "truth" because it's easy and doesn't challenge our assumptions is a one-way road to ruin.

Loonie Hits 4-Month Lows As Oil Sink

The Canadian Dollar has now dropped 5 straight days, breaking above 1.3200 to the USD - its weakest in 4 months - as FX and equity markets catch up to oil's recent demise...

Caterpillar Retail Sales Decline For 43 Consecutive Months

if one looks only at trends revealed by CAT's retail sales the global economy has been mired not in a recession but an unprecedented depression, one which has now lasted some 43 months. That's how long CAT has gone without a single positive month in global retail sales, well over double the duration of the acute collapse in demand following the financial crisis.

"Don't Panic" German Minister Urges Population, Claims Surge In Attacks Has "No Link To Merkel Refugee Policy"

Pouring cold water on speculation that Merkel may take responsibility for the past week's events,  German Interior Minister Thomas de Maiziere said that "the attacks are unrelated to Merkel's refugee policy." He urged people "not to panic." And to help them do just that, the interior minister said that he has ordered increased security presence at airports, train stations and other public places, adding that the "German army can play a domestic role in special cases." Cases such as these.

Dallas Fed Outlook Contracts For 19th Straight Month With Wages Crashing To Sept 2013 Lows

For the 19th week in a row, it appears low oil prices are not "unequivocally good" for the Dallas Fed region. Despite surging from -18.3 to -1.8 (beating expectations by 3 standard deviations) we note that wages tumbled on the month, as did prices received. The biggest driver of the bounce appears to be 'hope' about the future new orders growth rate (20.3 to 34.7)...

IMF's 'Competitiveness Drive' Leaves 127,000 Greeks Earnings Under $110 Per Month

The dramatic shrinkage of Greek earnings due to recession, the explosion of unemployment and the dominance of flexible forms of employment is exposed in a new document submitted by an experts’ committee to Greek Labor Ministry. As KeepTalkingGreece reports, the document featured details wage inequality during the period 2010-2015 and exposes a new social class of workers: the Neo-Poor Greeks earning wages much less than the unemployment allowance of 360 euro.

Stocks Are Catching Down To Oil's Plunge

"it's probably nothing..."

Turkey Launches Investigation Of "Losers" Who Claim Coup Was A Hoax

Turkish prosecutors have begun investigating people who claim that Turkey's coup attempt was a hoax carried out by the government, the country’s justice minister said Sunday, reflecting a farcical crackdown on free speech.  “Just look at the people who are saying on social media that this was theater, public prosecutors are already investigating them. Most of them are losers who think it is an honor to die for Fethullah Gulen’s command,” Justice Minister Bekir Bozdag said.

Why We're Ungovernable: Debt & The Sudden Outbreak Of Utter Insanity

Debt works the same way for countries as it does for individuals and families: When you borrow too much your life spins out of control. And civil unrest becomes the rule rather than the exception. This sudden outbreak of apparent insanity doesn’t seem closely tied to the recent change in our borrowing habits. But it is, in several ways...

With Half The Float Short, Outerwall Sells Itself To Apollo For $52/Share

Outerwall's huge short base was unpleasantly surprised moments ago, when much to the chagrin of bears, the company announced that it would sell itself to PE giant Apollo for $52.

Trump Surges In Latest CNN Poll, Takes 3 Point Lead Over Hillary

Accelerating the post-Trump speech/RNC convention "bounce" we noted over the weekend, CNN today reports that Trump has taken a dramatic 48% - 45% head-to-head lead over Hillary in the latest CNN/ORC Poll, conducted July 22-24. This represents a substantial 6% surge in support for Trump since the last poll conducted on July 16, and opens up Trump's largest lead over Clinton since September 2015.  

Crude Crumbles To Fresh 3-Month Lows As Hedgies Unwind Record Longs

WTI Crude (Sept) oil futures have contonued their 6-day slide this mornig, pressing back to a $43 handle at 3-month lows. While the seasonality, both price and oil demand, and gasoline glut remain significant overhangs, it appears a bigger driver for now is the rapid unwind of record long speculative positioning in crude markets.

Key Events And Earnings In The Coming Week

The key economic releases this week include consumer confidence on Tuesday, the durable goods report on Wednesday, and the advance release of 2nd quarter GDP on Friday. The July FOMC statement will be released on Wednesday at 2PM. There are several scheduled speeches from Fed officials this week. 197 S&P 500 companies are due to report (or 38% of the index market cap) with the notable names including Apple, Verizon, Facebook, Coca-Cola, Alphabet, Exxon Mobil and Chevron.

It's Official: Verizon To Acquire Yahoo Core Assets For $4.8 Billion

Almost a decade after Microsoft made an unsolicited bid to acquire Yahoo for $50 billion, moments ago Verizon confirmed recent rumors that it would acquire Yahoo operating business for approximately $4.83 billion in cash, far below initial estimates floated several months ago that the segment could sell for as much as $10 billion. So how much does Marissa Meyer collect for "creating value" at the company during her 5 year tenure? Somewhere around $300 million.

US Futures Unchanged As Europe Stocks Rise; Strong Dollar Pressures Oil

There has been little notable market moves overnight, with the record rally in the S&P500 set to continue and European stocks climbing as German IFO business confidence proved more resilient than economists predicted in the month after Britain voted to leave the European Union, falling less than expected from 108.7 to 108.3, above the 107.5 consensus, with expectations printing at 102.2 above the 101.2 expected. Bonds fell with gold as the dollar gained before central bank meetings in the U.S. and Japan this week.

Uncontrolled Refugeeism Will Be The Undoing Of Now-Ruling Political Class

Donald Trump, Marine Le Pen, Viktor Orban, Nigel Farage and myriad other populist, right-wing leaders sprouting over much of the Western World, are being tagged by the political ruling class as an ill-conceived, hate-fest phenomenon; and often portrayed as the mutant offspring of fascism. This mischaracterization could end up being the undoing of the now-ruling political class, not just in some European nations but also in the US.

First Italy, Now Portuguese Banks "Unexpectedly" Need A Taxpayer Bailout

Portuguese banks, already undercapitalised and loaded with bad debt, are bracing for heavy losses from Lisbon’s so far unsuccessful attempts to sell Novo Banco, the lender salvaged from the collapse of Banco Espírito Santo.

"Politically Correct" German MP Demands Probe Over Police Shooting Of Axe-Wielding Jihadist

After the blood-filled train - an eyewitness said it "looked like a slaughterhouse" - came to a stop, the teenager jumped off and tried to escape. Surrounded by police, he lunged at them with an axe. Police shot the attacker dead because "there was no other option." Green Party MP Renate Künast criticized the police for using lethal force, tweeting: "Why could the attacker not have been incapacitated without killing him???? Questions!" Künast's comments provoked a furious backlash.

Paul Craig Roberts Warns "Armageddon Approaches" After German Leak

"Americans need to wake up to the dangerous situation that Washington has created, but I doubt they will. Most wars happen without the public’s knowledge until they happen..."

Here's Why The New DNC Chair Is About To Make Bernie Supporters Just As Angry

WaPo: "Wanted to ask you about this fight between the Sanders camp and DNC over adequate representation on the platform committee and others ahead of the convention."
Donna Brazile: "I have no intentions of touching this. Why? Because I will cuss out the Sanders camp!"

China Bans Websites From Original Reporting

According to The Paper, major internet portals in China including Sina, Sohu, Netease and have shut down some of their original reporting operations after receiving “harsh criticism” from country’s top industry regulator. As Bloomberg adds, the Cyberspace Administration of China has cited portals for violating China’s internet regulations by carrying plenty of news content obtained through original reporting.

Are Your Opinions Crafted by Foreign Powers? | Jerry Robinson

from Reluctant Preppers:

So you’ve woke up to the blatant malpractice of the mainstream media suppressing truth we need to know, ignoring vital threats, selectively spinning the scripted narrative, and actively distracting us with questionable sideshows from what’s really going on and jugular to our future… But do you know the specific foreign nation’s elite who are pulling the strings that shape the hearts and minds of the masses, and what is the motivation behind the incontravertible evidence of mass media collusion, with full backing and complicity of the US government?

Trump’s Secret Weapon Needed to Defeat Hillary

by Dave Hodges, The Common Sense Show:
I do not trust polls because I understand the psychology of polls, derived from the Tavistock Institute, and how they are used to mold public behavior and change perception and subsequently voting behavior. I have previously written an article on not trusting any polls that one reads because they are all globalist polls designed to discredit Donald Trump in the eyes of the voting public.
However, there is a recent establishment poll, conducted by one of the mouthpieces of the New World Order, The Washinton Post, which we should all sit up and take notice of.
The poll is an establishment poll on an establishment candidate. The results show that the establishment candidate, Hillary Clinton, is in very deep trouble. Wtih regard to her email scandal, Clinton may have avoided court, but she has seemingly lost the battle of her perceived integrity in the court of public opinion.
Read More

Is the ECB Out of Control?

by Don Quijones, Wolf Street:
How much money could be made to disappear in Italy’s bank bailout?
It all began with an early morning police raid. On July 6, Slovenian Police, acting on an insider tip, stormed the headquarters of the country’s central bank, the Bank of Slovenia, and seized information stored on the bank’s internal network. It also raided the headquarters of the major state-owned bank Nova Ljubljanksa and the local offices of international accountancy firms (and prolific enablers of corporate misbehavior), Ernst & Young and Deloitte.
The police were investigating allegations that some “legal entities” had abused their office in valuing equity at Nova Ljubljanksa during its bailout by the state in 2013. €257 million is alleged to have been misappropriated, during the €3.2 billion bailout of the banks.
Read More

Credit Card Companies Specifically Target Less Educated And Less Sophisticated Americans

by Michael Snyder, The Economic Collapse Blog:
The big credit card companies don’t make much money off of those that pay their bills on time, and so they often specifically target less educated and less sophisticated consumers that don’t really understand the dangers of credit card debt. The goal is to find people that will carry credit card balances from month to month, because that is where the real money can be made. The average U.S. household that carries balances from month to month has approximately $15,310 in credit card debt right now. At an average interest rate of about 15 percent, the profits pile up very quickly for the big credit card companies. After all these years, so many of us still have not learned the truth about credit cards, and so credit card debt is absolutely crippling tens of millions of American families.
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