Caution Satire...I'm sure the Sheeplez will think it;s real...
Mass graves belonging to Syrian civilians have been uncovered in Aleppo by the Russian Defense Ministry, who say that US-backed rebels are to blame.
Russian Defense Ministry spokesman Major-General Igor Konashenkov says that dozens of corpses were found that showed evidence of torture prior to their deaths, with most having gunshot wounds to the head.
The World Gold Council, a leading market development organization, released a study on global gold markets showing the retail investment market is “well positioned” for future growth. The study looked into four major markets: China, India, Germany, and the US and found healthy latent demand within every market. It also identified some interesting purchasing distinctions between developed and emerging economies.
Despite all the recent news concerning falling gold prices, world demand for gold bars and coins is still booming. Since 2006, global demand has gone from 430 tons to 1,051 tons in 2015, which is a monetary move from $10 billion to almost $40 billion, according to the study.
Historically speaking The Market Ticker used to publish an “annual review” including a set of predictions. Some years worked out pretty good, others not so much. But even the “bad” years weren’t too bad in retrospect; if you make a dozen predictions and get half right over a year’s time that really is quite a bit better than you might first think — although nowhere near good enough to dub yourself Nostradamus.
As I intended in my ticker entitled In Closing from February of 2014 I’ve wound things back around here quite a bit. Not completely, but materially. The software here was at version 41.4 when I penned that piece; it is currently 45.5. That’s more than four revisions greater, since there have been a bunch of “point” changes since — mostly bug fixes but a few enhancements too.
The post (thread) count was 228,802 when I penned that piece. It currently stands at 231,735. The Bar (for user-generated threads and comments, open to anyone who used to be a donor at any time in the system’s history) has been reopened this fall, and for the time being I intend to leave it accessible into 2017. You can find it from the “top” menu here if you’re signed in and once had donor-level access — or just go directly to our companion domain at tickerforum.org.
The nation’s largest retirement system is in serious trouble…
The $303 billion California Public Employees’ Retirement System (CALPERS) just announced that it’s lowered its annual assumed rate of return to 7% from 7.5%.
That means retirees will have to contribute more money to the plan to make up the difference in expected return.
This shortfall is just a small piece of the massive U.S. state and local pension funds deficits that are going to explode in the next decade.
Wall Street’s best contrarian indicator has spoken. Jim Cramer issued a strong buy on the Dow last Wednesday. He references the “generals” that are “leading the charge” higher in the stock market. He sees no end in sight to current move in market leaders. Those will prove, once again for Cramer, famous last words. It will be more like Custard making his last stand.
Perhaps the most amusing section of his maniacal diatribe was his assertion that Goldman Sachs (GS) and JP Morgan (JPM) are “cheap” because of Trump. A colleague and I were, serendipitously discussing GS as a great short idea last week. Cramer is a bona fide lunatic who must relish the thought of leading the retail stock lemmings to slaughter. The financials have gone parabolic since the election and now the hedge funds who whisper sweet nothings into Cramer’s ear need an exit. Please don’t give up your chair to the sound of CNBC’s Pied Piper.
While both global monetary and fiscal policies struggle to keep aggregate demand if not rising, then at least constant, demographics continues to wreak havoc on the best laid plans of central planners around the rapidly aging world. Just last week we reported that in 2016, the US population grew at the slowest pace since the Great Depression, largely driven by the collapse in household formation as the number of Millennials living at home with their parents has hit a 75 year high. -Zerohedge
Central banks didn’t go after Japan after the First World War but they certainly went after Japan during World Way II.
The most births post-war were in 1949, when birth soared to 2.696 million. Now they are under a million. Deaths will outstrip births, again, for the tenth year in a row.
President Barack Obama asserts that he could have won a third term against Donald Trump if he had run again on his claim of hope and change.
“I am confident in this vision because I’m confident that if I had run again and articulated it, I think I could’ve mobilized a majority of the American people to rally behind it,” he told his former campaign chief David Axelrod on a CNN podcast interview.