Friday, August 19, 2016

Even The Wall Street Journal Thinks The Market's A Scam...

With Central Banks offering markets every accommodation imaginable, the WSJ asks what they'll do when any one of the many pending political catastrophes strike?

With Corporate Defaults Surpassing Last Year's Total, Even Citi Can't Believe What Is Going On

"With macro this dominant, credit no longer seems bothered by defaults. S&P pointed out this week that YTD defaults have now equalled last year’s full-year total, and are running at their highest pace since 2009. Once upon a time, that would have been associated with spread widening. But not this year."

Even The Mainstream Media Is Now Concerned About A Stock Market Bubble

from Gregory Mannarino:

VIXtermination Saves Nasdaq's Longest Winning Streak In 6 Years


Putin Flies Into Crimea As Ukraine "Prepares For An Invasion"

Vladimir Putin flew into Crimea on Friday a day after staging war games there, and said he hoped Ukraine would see "common sense" when it came to resolving a diplomatic crisis over the peninsula. The visit comes a day after Ukraine president warned he was "prepares for an Russian invasion."


by James Holbrooks, Underground Reporter:
Southeast Asia — According to a statement released by U.S. Pacific Command (USPACOM), for the first time ever, all three of the Air Force’s “strategic power projection bombers” — the B-52, the B-1B, and the B-2 — flew in a single formation on Wednesday near the heavily disputed waters of the South China Sea.
After deploying from Andersen Air Force Base in Guam, the bombers “flew a formation pass,” then dispersed and“simultaneously conducted operations in the South China Sea and Northeast Asia,” according to the statement.
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Dr. Drew’s Hillary Health Problem Admission CENSORED by Show’s Producers!!!

from Mark Dice:

Dr. Drew’s comments on 790 KABC have been deleted from the station’s website and story about Dr. Drew admitting Hillary Clinton has brain damage has vanished down the Orwellian Memory Hole! Media analyst Mark Dice has the story.

Trump Unleashes First General Election Ad: "Make America Safe Again"

Following his apparent pivot to a new 'nice guy' performance in this election campaign - and the resignation of Paul Manafort, Donald Trump released his first general election ad - focused on 'safety' for Americans...

The Return Of The Obamacare Death Spiral

This slow exodus of insurers from the health law's marketplaces represents a serious threat to the continued stability and existence of its exchanges. Obamacare is perched on the edge of a death spiral. The fundamental problem is simple: Insurers are losing money... was that the plan all along for the Affordable Care Act?

With Corporate Defaults Surpassing Last Year's Total, Even Citi Can't Believe What Is Going On

"With macro this dominant, credit no longer seems bothered by defaults. S&P pointed out this week that YTD defaults have now equalled last year’s full-year total, and are running at their highest pace since 2009. Once upon a time, that would have been associated with spread widening. But not this year."

The Marginal Buyer Holds The Pin That Pops Every Asset Bubble

The person willing to pay top dollar is called the "marginal buyer". Most of us don't really think about him much, but he (or she) is very, very important. Why? Because the marginal buyer not only determines price levels, but also their stability and degree of volatility. The behavior of the marginal buyer, as well as the degree of competition for his/her "top dog" spot, sets the prices of nearly every asset class held by today's investors.

Two More Banks Start Charging Select Clients For Holding Cash

Last weekend, when we reported that Germany's Raiffeisenbank Gmund am Tegernsee - a community bank in southern Germany - said it would start charging retail clients a fee of 0.4% on deposits of more than €100,000 we said that "now that a German banks has finally breached the retail depositor NIRP barrier, expect many more banks to follow." Not even a week later, not one but two large banks have done just that.

Inflation: It's A Wealth Redistribution Scheme

Far from maintaining economic stability and fostering prosperity, consumer price inflation targeting practically guarantees a pernicious wealth transfer year in and year out, a perpetual duping of unsuspecting employees and companies, and a permanent blind spot to hidden inflation.

"It's A Disaster Hiding In Plain Sight" Peter Schiff Slams Big Policies & Bigger Failures

While the flaws of Obamacare were incredibly easy to see, so too are the flaws in the Federal Reserve’s stimulus policy. What’s amazing is that more people aren’t able to see through it as easily...

Paul Tudor Jones Emerges As Latest Mega Bear With Record Surge In S&P Puts

It appears that Paul Tudor Jones is even more bearish than George Soros, based on the surge in the fund's S&P puts, which rose from $490 million notional to $1.7 billion notional, a nearly four-fold increase, and making it the biggest such position in the fund's history. In fact, as of this moment, PTJ's gross put exposure amounts to 37% of his entire disclosed long equity exposure of just over $4.7 billion.

Don't Count Yer Clintons Yet - It Ain't Over Till It's Over

What America has in Hillary Clinton is a potential president with the charisma but not the competence of Angela Merkel, and the ethics of Dilma Rousseff. Yet, still, on the mega-issue, America’s desire for change, and on specific issues, Trump holds something close to a full house. The coming economic news — we had 1 percent growth in the first half of 2016 — could cause a second look at Trumponomics. And whoever is out there strategically dropping Democratic emails may be readying an October surprise for Hillary Clinton, a massive document dump that buries her.

Is Civil Unrest Coming to Suburbia? Rest Assured, the Media Will Lie About It

by Daisy Luther, The Organic Prepper:
Many people watching Milwaukee burn on the news from the safety of their homes in the suburbs feel immune. It seems like this only happens in big cities, right? “These people are burning down their own neighborhoods, how ridiculous,” observers say. They feel safe in their belief that the issue is merely a war on cops, and it’s nothing that could happen to them.
While cities like Milwaukee and Baltimore have been hard hit, keep in mind that Ferguson, Missouri is a relatively small town with a population of just over 21,000 people at the last census.
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Corporations – And Corporate Execs — Fall Out Of Love With Their Shares

by John Rubino, Dollar Collapse:
It’s no secret that one of the main things propping up the US stock market has been corporations’ willingness to buy back their own shares with borrowed money. The following chart illustrates the rather amazing correlation between share repurchases and share prices.
This was obviously a short-lived strategy, one that would end when companies got so leveraged that borrowing more started to look pathological rather than wise. And that time may have come:
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Soros Hack Shows Billionaire Tried to Buy Supreme Court Ruling on Immigration

by Claire Bernish, The Free Thought Project:
Memos and documents published by DCLeaks continue shedding light on billionaire globalist George Soros and his progressive organization, Open Society Foundations — the latest revelation evidencing a carefully-constructed and heavily funded effort to “influence” Supreme Court a decision on illegal immigration.
Dated February 2016, the memo, co-authored by OSF U.S. programs director Ken Zimmerman and deputy director Andrea Batista Schlesinger, addresses the group’s 14-member advisory board of U.S. operations, the Daily Caller reported.
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Gold : “Mother of All Bull Markets Has Only Just Begun” – Peter Grandich

by Mark Obyrne, via The News Doctors:
There are many reasons to believe that “the mother of all bull markets has only just begun” for gold.
So believes Peter Grandich, the market analyst dubbed the “Wall Street Whiz Kid” whose track record speaks for itself. He called the Wall Street Crash in 1987 and subsequent sharp stock market recovery, the end of the bull market in stocks in 2000 and the global financial crisis in 2008.
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Derivatives: Unexploded Financial Weapons

by Dave Kranzler, Investment Research Dynamics:
Central counterparties keep records of trades and help suck risk out of the banking system, but this only works if they themselves are well capitalised and have plans in place to deal with a sudden collapse of one or more of its members and get close to failure. Otherwise, they’re just unexploded nuclear bombs nestling deep in the financial system. – Business Insider LINK.
Who are we kidding. Since the 2008 de facto banking system collapse, the OTC derivatives problem has mushroomed out of control. The Obama Government heralded in the Dodd Frank legislation, which allegedly made the financial system safer for everyone. In reality it is nothing more than a fairlytale written with the goal of allowing the Too Big To Fail banks to cover up their continued derivatives Ponzi scheme.
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