We Have Entered The Mania Phase: Market Complacency Has Never Been Higher

More than merely a subjective, psychological state, the complacency of market participants can be effectively quantified, which is precisely what Deutsche Bank's David Bianco has done by looking at the ratio of the market's P/E to implied vol or VIX. As the chart below shows, on a daily basis the PE/VIX ratio just hit 1.49x - it has never been higher, and again based on DB's estimation, market sentiment has now crossed from the complacency zone into outright Mania. The last time this ratio was at the current level: late 2007/early 2008, just before the Fed had to launch a multi-trillion bailout to save capitalism as we know it.

A Look at the Jewish BILLIONAIRES Who Control American Politics

from Realist Report:
The Jewish Daily Forward recently published an incredibly revealing article discussing the immense influence and control over the American political process wealthy Jewish plutocrats, propagandists, and culture distorters have, particularly as it relates to the 2016 presidential race, a topic highlighted and commented upon in this space on Thursday.
The Forward spotlights the top Jewish billionaires who financed and supported various political candidates and causes during the 2014 election cycle, and who they are likely to financially back for the 2016 presidential election.
A quick look at the list of top political donors for 2014 reveals a striking fact: At least a third of the most generous 50 mega-givers were Jewish. In fact, contributions from Jewish billionaires and multi-millionaires dominated the top 10 spots on the list.
Read More @ Therealistreport.com
hat tip: Sofia

Bernanke Says "No Large Mispricings In US Securities"; These 5 Charts Say Otherwise

Retired central banker, blogger, bond guru and hedge fund consultant Ben Bernanke just uttered the following total rubbish...
*BERNANKE: NO LARGE MISPRICINGS IN U.S. SECURITIES, ASSET PRICES
In an effort to save whoever it is that will pay him $250,000 next for these wise words, we offer five charts.

"It's A Coup D'Etat," David Stockman Warns "Central Banks Are Out Of Control"

We're all about to be taken to the woodshed, warns David Stockman in this excellent interview... "it's a coup d'etat, the central banks have taken over - it's an unconstitutional domination of the entire economy."

Another Decapitator-in-Chief Of America's Working Class

Submitted by Tyler Durden on 05/24/2015 - 22:05 It seems comical, yet ill-omened, how Barack Obama is herding the already decimated middle class along a path sure to reach economic oblivion, while maintaining support from much of the old guard of school-government-trade unionists which has kept the Democratic Party afloat during the last five decades in a conservative sea dominated by currents of old-time religion and misguided patriotism. ISIS’ literal style of decapitation is repugnant and shocking. US’ self-imposed economic decapitation may not appear at first as shocking, but the end result will be as gruesome to America’s working class: not the proletariat of old, but most everyone holding both blue and white collar jobs.

Ron Paul: The Case For Truly 'Free' Trade

Submitted by Tyler Durden on 05/24/2015 - 20:55 With recent DC politicking on both the Export-Import Bank and the Trans-Pacific Partnership, we revisit Ron Paul's 1981 essay "The Case for Free Trade" which explains the basics of truly free trade... "Although we think of ourselves as a free-trading nation, it takes more than 700 pages just to list all the tariffs on imported goods, and another 400 to inventory all the non-tariff restraints, such as quotas and "orderly marketing agreements..."

National Geographic is Now the Propaganda Arm of Monsanto, Big Pharma

by Ethan A. Huff, Natural News:
It’s said to be one of the largest non-profit scientific and educational organizations in the world. But the National Geographic Society, which publishes the popular National Geographic magazine, sure takes in a lot of money from the drug and biotechnology industries, as evidenced by the multi-page advertising spreads littering its print periodical.
After blowing the lid recently on National Geographic‘s shameless endorsements for genetically modified organisms (GMOs) and vaccines, we decided to pick up the latest issue of National Geographic to see who’s funding the magazine these days. Perhaps not surprisingly, nearly every ad was for pharmaceutical drugs, alcohol, GMOs or crop chemicals.
The May 2015 issue of National Geographic opens up with an ad on page six for “K9 Advantix II,” a flea, tick and mosquito drug for dogs that’s manufactured by Bayer Healthcare LLC. This particular product, which contains dangerous pesticides like permethrin, was exposed by Scientific American in 2010 for causing serious side effects in dogs, including rashes, vomiting, diarrhea and seizures.
Read More @ NaturalNews.com

Xinhua: China Sets Up Gold Fund For Central Banks

from Bullion Star:
On May 12, 2015, I reported China’s Silk Road economic project would include gold business. A month prior to that Shanghai Gold Exchange (SGE) chairman Xu Luode had “proposed to integrate gold market development into the strategic development plan of the Silk Road”. Shortly after, in early May it was announced gold mining company Polyus in Russia’s largest gold deposits at Natalka in the Magadan’s Kolyma district would cooperate with China’s largest mining company China National Gold Group Corporation in resource exploration, technical exchanges and materials supply. The first gold business activity along the new Silk Road was reality. Little did we know about any additional plans the Chinese have in store regarding gold and the new Silk Road.
Today we got a glimpse of what could be a global game changer, China is planning to launch “a 100 billion yuan fund led by the SGE, …which will in turn facilitate gold purchase for the central banks of member states to increase their holdings of the precious metal.” This was just published by news outlet Xinhua in China mainland.
Read More @ BullionStar.com

McDonalds Responds To Minimum Wage Protests

But all they wanted was $15 per hour...

Lake Mead Water Level Mysteriously Plunges After Nevada Quake

A 4.8 magnitude earthquake shook Las Vegas and surrounding areas Friday morning causing roads and bridges to be closed.  In the 36 hours since the quake's occurrence, water levels at Lake Mead have plunged precipitously. While we know correlation is not causation, the 'coincidence' of an extreme loss in water levels occurring in the aftermath of one of the largest quakes in recent Vegas history does raise a suspicious eyebrow - especially when there has been no official word on the precipitous decline.

Greece Is On The Ragged Edge: Bloodied Idealogues Vs. Bloodthirsty Technocrats

"I would be more than happy to see the cradle of democracy put the imperial autocrats and financial kleptocrats in their place, teaching them a thing or two about enlightened self governance."

Grexit "Disaster" Looms As Greek Hospitals Run Out Of Sheets, Painkillers

"Greek hospitals have run out of supplies such as painkillers, scissors and sheets as budget cuts have left the health service unable to provide even basic provisions for operations and medical procedures," The Independent reports. With Tsipras still refusing to compromise on campaign "red lines," the end game is quite clearly approaching.

Xinhua: China Sets Up Gold Fund For Central Banks

from Bullion Star:
On May 12, 2015, I reported China’s Silk Road economic project would include gold business. A month prior to that Shanghai Gold Exchange (SGE) chairman Xu Luode had “proposed to integrate gold market development into the strategic development plan of the Silk Road”. Shortly after, in early May it was announced gold mining company Polyus in Russia’s largest gold deposits at Natalka in the Magadan’s Kolyma district would cooperate with China’s largest mining company China National Gold Group Corporation in resource exploration, technical exchanges and materials supply. The first gold business activity along the new Silk Road was reality. Little did we know about any additional plans the Chinese have in store regarding gold and the new Silk Road.
Today we got a glimpse of what could be a global game changer, China is planning to launch “a 100 billion yuan fund led by the SGE, …which will in turn facilitate gold purchase for the central banks of member states to increase their holdings of the precious metal.” This was just published by news outlet Xinhua in China mainland.
Read More @ BullionStar.com

The "New Era" Is An Old Story

Submitted by Tyler Durden on 05/24/2015 - 19:45 It’s not monetary easing, but the attitude of investors toward risk that distinguishes an overvalued market that continues higher from an overvalued market that is vulnerable to vertical losses. That window of vulnerability has been open for several months now, and the immediacy of our downside concerns would ease (despite obscene valuations) only if market internals and credit spreads were to shift back toward evidence of investor risk-seeking. Eventually, the final refuge of speculation is to abandon historically reliable measures wholesale, resting faith instead on the advent of some new era in which the old rules simply don’t apply.

The Best-Selling 'Monetary-Policy' Books Are All Anti-Fed

Submitted by Tyler Durden on 05/24/2015 - 19:10 The fact that such books dominate the book sales in this category tells us a thing or two about how the near consensus of approval once enjoyed by the Fed (and other Western central banks) is long gone.

The Fed's Perilous "Fake It Till You Make It" Strategy May Be Coming Home To Roost

Submitted by Tyler Durden on 05/24/2015 - 18:35 We all know the difference between reality and wishful thinking. Many of us know just how quickly the jaws of reality can crush the life out of unicorn and fairytale stories when fiction is used to cover the facts. Where the businesses and happy customers that are supposedly represented on an income statement turn out to be little more than the Non-GAAP application of a fairy’s wand and pixie dust. However, this doesn’t stop people from buying in (literally) to the illusion. And what has far more onerous consequences is when the story tellers themselves begin to believe their own works of fiction.

Arab Spring 2.0: Wahhabis Go Nuclear

Submitted by Tyler Durden on 05/24/2015 - 18:00 This won't end well... As far as the Empire of Chaos goes, Divide and Rule remains the sweetest game in town.



Crappy Days are here again... Updated version...

So long sad times
Hello bad times
You are here at last

Howdy bad times
Blood in the street times
You will never be a thing of the past

Crappy days are here again
The skies above are full of drones again
So let's hope it's not our turn again
Crappy days are here again

Altogether shout it now
There's no one left
Who can doubt it now
So there's nobody left to tell the world about it now
Crappy days are here again

Your cares and troubles are gone because your dead
There will be no more from now on
From now on ...

Crappy days are here again
The skies above are full of drones again
So let's hope it's not our turn again
Crappy days are here again

Crappy times
Crappy nights
Crappy days
Are here again!







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