Thursday, July 21, 2016

Trump Sparks "Wave Of Alarm" Across Europe After Warning US May Not Help NATO Members

Having entertained America for the past three days, overnight Donald Trump's rhetoric crossed the Atlantic and as the FT puts it, "has sparked a wave of alarm across Europe" as well as calls for solidarity from the head of NATO after warning that the US might not come to the defence of an alliance ally under attack from Russia if that country had not fulfilled its obligations to America.

Hungary Becomes First European Country TO BAN ROTHSCHILD BANKS!

by Sean Adl-Tabatabai, Your News Wire:
Hungary have become the first European country to officially ban all Rothschild banks from operating in the country.
In 2013, Hungary began the process of kicking out the International Monetary Fund (IMF), and agreed to repay the IMF bailout in full in order to rid the country of the New World Order banking cartel. reports:
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A Failed Coup… An Unrecognized Republic… And Triggers for a Global Economic Meltdown

by Nick Giambruno, International Man:
The country is one giant powder keg… and the fuse is already lit.
I’m talking about Turkey. When the next global crisis explodes, there’s a good chance Turkey will be involved somehow.
Turkey was founded from the ashes of the Ottoman Empire. It’s where Europe meets Asia. Naturally, it’s a geopolitically significant country.
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After Turkey’s Failed Putsch, Is Saudi Arabia’s Crown Prince Mohammed the Next in Line to Get Coup’d Over the Disastrous War in Yemen?

from Rogue Money:
While all eyes in the Middle East have been on the civil society-military purge in Turkey after a failed coup against President Recep Tayyip Erdo─čan, other important events have been taking place in the region.
n Syria, pro-government forces are handing the jihadists their ‘Stalingrad’ long planned by the Russian General Staff by blocking the last supply road into east Aleppo. While the Syrian Arab Army’s Tiger Forces beat back waves of jihadists and suicide VBIEDs attempting to break the ‘cauldron’, Russian air strikes continue to pummel jihadist arms caches and vehicles.
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Ted Cruz Responds To Angry Trump Supporters: "I Won't Be A Servile Puppy"

"I am not in the habit of supporting people who attack my wife and attack my father... They knew exactly what I was going to say...they believed it would help. If they didn't, I was perfectly happy to get on a plane and go home."

As Hillary Polls Slump, Even Michael Moore Says "Trump Is Going To Win

As Hillary Clinton prepares for the Democratic National Convention next week, the latest poll shows she is now tied with Trump (losing a 7 point lead from before FBI Director's Comey's decision). While the DNC will likely provide a bounce (Trump at 7 week highs), if outspoken liberal filmmaker Michael Moore's comments are anything to go by, the best is behind Hillary... "I think Trump is going to win. I'm sorry,"  Moore said, "people are in denial of this, but the chance of winning is really, really good."

Are VIX ETFs A Powder-Keg Waiting To Explode?

"...the growth in VIX positions in leveraged products coupled with the increasingly bullish sentiment is a potentially explosive combination for the market - this powder-keg might not get set off - but the risk that it will, is rising."

As China Floods The World With Gasoline, European Stocks Hit All-Time High

Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose more than 12% to an all-time high in the week to Thursday. This comes at an awkward time for the industry: just as Chinese gasoline exports soared by 75% in one month, prompting concerns about the future of the price of oil.

Not Been Seen In A Generation"

"The Republican National Convention careened off the rails on Wednesday night as Ted Cruz refused to endorse Donald Trump from the stage and was met with deafening boos. It was an extraordinary scene of disunity, the like of which has not been seen at a party convention in a generation."

Here's What's So Crazy About This Stock Market

...Instead of punishing the shares of a company with declining sales and profits, huge write-offs, and a sky-high P/E ratio, markets simply continue to drive the stock higher, no matter what. Other stocks experience the same thing. This earnings season, more than ever, is turning into the Theater of the Absurd.

Wall Street's Wishful Thinking - Debunking The "Abundance Of Strong Data" Meme

Back in January and even into February, the idea of recession no longer seemed so far-fetched. Then as quickly as it seemed to rush on, markets abruptly shifted and the world suddenly appeared much less dark. Having flirted with recession and escaped that fate, the mainstream assumes that 'it' is all over and that prior expectations should only resume. This binary arrangement has clearly colored recent analysis, and as such it has led to really unhinged commentary...but "abundance of strong U.S. economic data" is pushing very close to wishful blindness.

Amazon To Issue Student Loans To New "Prime" Shoppers

In Amazon's latest attempt to entice shoppers into its premium Prime program, Wells Fargo will cut half a percentage point from its interest rate on student loans to Amazon customers who pay for a "Prime Student" subscription, which provides the traditional Prime benefits such as free two-day shipping and access to movies, television shows and photo storage.

Market Hits Turbulence #BlackGoldMatters Again

After 9 straight days up in The Dow, something odd is happening...

Why Another Oil Price Downturn Is A Distinct Possibility

"The producers have sold the hell out of this rally... The rising inventories of gasoline have got the market's attention...The oil market is getting ready to break."

Wall Street Is Confused By Elon Musk's Master Plan - "Credibility Is Challenged... How Do They Fund It?"

As we said last night when reviewing Elon Musk's "Master Plan", Part Deux, "it's one of those thing you read twice, three times, and then look at those around you to see if you somehow missed the deep message." Judging by the litany of responses by the sell-side this morning, we weren't the only ones confused. As the following reactions from Wall Street analysts, the confusion was far-ranging.

Brazil Arrests Members Of ISIS-Linked Group Plotting Terrorist Acts Ahead Of Olympics

Perhaps taking a cue from recent events in Turkey, moments ago Reuters reported that Brazil's federal police began an anti-terrorism operation early Thursday. The nation's police had arrested members of a group that was preparing acts of terrorism. It was unclear where the operation was taking place or what the specifics of the operation were.

Existing Home Prices Hit Record High As Sales Growth Slowest In 4 Months

Despite a better than expected 1.1% MoM rise in June (thanks to notable downward revisions), existing home sales growth is the slowest since February. Of course, NAR's Larry Yun gloated of "sustained job growth" driving an "impressive streak of sales gains," although he cautions " it's unclear if this current sales pace can further accelerate." Median home prices soared to new record highs driven by soaring demand for condo/co-ops (+3.2% vs just 0.8% for single-family homes).

European Banks Soar As Draghi Hints At "Public Backstops"

If ever there was a reason for more European nations to 'exit' the sinking ship, Mario Draghi just spewed one. Having sent European bank stocks sliding with earlier calls for reforms, Draghi's wishful-thinking sent bank stocks soaring (especially Italian banks) after he noted a "public backstop is a measure that would be very useful and should be agreed with the Commission according to the existing rules." We can only imagine Herr Schauble's face when he heard this... and what about the Dijsselblom "template"?

The Real Reason Pharma Companies Hate Medical Marijuana (Spoiler Alert: It Works)

Whenever an irrational and inhumane law remains on the books far longer than any thinking person would consider appropriate, there’s usually one reason behind it: money. Unsurprisingly, the continued federal prohibition on marijuana and its absurd classification as a Schedule 1 drug is no exception. Thankfully, a recent study published in the journal Health Affairs shows us exactly why pharmaceutical companies are one of the leading voices against medical marijuana. It has nothing to do with healthcare and everything to do with corporate greed. So is it a war on drugs, or a war on cheap medicine. Decide for yourself.

Apple Watch Sales Tumble 55%

Tim Cook's first major, standalone product is a flop. According to the latest IDC data, sales of the Apple Watch plunged by 55%, from 3.6 million a year ago to just 1.6 million in Q2. 

Newly Revealed Document Indicates Obama’s Words on Iran Nuke Deal Were Not So ‘Muddled’

by Patrick Goodenough, CNS News:
When President Obama 15 months ago appeared to concede that under the nuclear deal Iran would, after 13 or so years, be able to build a nuclear bomb relatively quickly if it decided to do so, the State Department asserted that his words had been “a little muddled” and misconstrued.
But those remarks are now in the spotlight, after the emergence of an official document outlining Iran’s plans to expand its uranium enrichment program a decade into the Joint Comprehensive Plan of Action (JCPOA).
The Associated Press obtained and reported Monday on the confidential document, which indicates that a little over a decade into the deal, Iran plans to install centrifuges far more efficient than those it is currently restricted to using.
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This ‘Market’ Discounts Nothing Except Monetary Cocaine

by David Stockman, David Stockman’s Contra Corner:
Another one of the Hedge Fund high rollers, Marc Lasry of Avenue Capital, recently confessed on bubblevision that 2200 on the S&P 500 doesn’t make sense to him, either.
But his reasoning went right to the crux of the bubble implosion lurking just ahead. According to Lasry, the market may be discounting a “stronger-than-expected” economic rebound and thus only appears to be ahead of itself:
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“I’ve Got Gold Going to $10,000 Now” – Jim Rickards

by The Doc, Silver Doctors:
“I’ve got gold going to $10,000 now. So, I’m the guy with the highest price target out there…It could be a matter of weeks or a matter of years. This is one of these avalanche type event things. You don’t know when the snowflakes are going to hit. It’s going to be a change in psychology, a panic reaction, and it will happen very quickly…it could be a five-year play or it could be a one-year play depending on circumstances. I don’t really want to get into the timing of it except that the dynamic is set up for $10,000 gold…
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ECONOMIC COLLAPSE in Aug/Sept | Bix Weir

from FinanceAndLiberty:

Andrew Hoffman – Deutsche Bank’s Final Stand!

by Kerry Lutz, Financial Survival Network:
Whatever It Takes Wednesdays with Andrew Hoffman:
Deutchebank Downgrade!
Turkey Coup
Collapsing Oil
Cartel desperation
Euro to fall below 1.10, as Commodity Currencies implode
End game approaching!
Click HERE to Listen

The Globalists Have Prepared to Enslave You- Have You Prepared to Survive?

by Dave Hodges, The Common Sense Show:
Trump and the Independent Media have brought millions of new people to the battleground of the fight that can be labeled as the People vs. the Globalists. The globalists intention is to destroy the soveriegnty of every major nation along with their culture, economy and military. One person recently wrote to me and said he could see the freight train coming in America’s direction. I wrote back and asked him, “Which freight train?” One thing is for sure, there isn’t just one freight train coming our way, there is an army of freight trains, all of which, will run over America while taking no prisoners. Are you prepared?
If you are new to this movement, you might be asking, “What are the dangers and how do I prepare”
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