Submitted by Tyler Durden on 06/10/2015 - 10:24
If it is indeed deja vu, all over again, look for bond yields to tumble over the next 6 months.
Bill Gross Issues Another Rhetorical Warning, Asks "What Happens When It Stops?"
Submitted by Tyler Durden on 06/10/2015 - 11:00
The Job Market Will Get Much Worse, JPMorgan Warns
Submitted by Tyler Durden on 06/10/2015 - 08:33 In the absence of new jobs, will mass death be the only thing that straightens out the job to population ratio?
Germany Talks Back Latest Greek "Fix" Rumor, Futures Refuse To Drop
Submitted by Tyler Durden on 06/10/2015 - 13:10 Surprise! Germany has begun to talk back their exuberant headlines over a Greek compromise. As Reuters reports, Germany will only accept a cash-for-reform deal between Greece and its international creditors that has the approval of all three lending instutions, a government spokesman said in response to reports that Berlin was considering easier terms, "all else is pure invention." EURUSD has faded back all of the headline gains... but for now US equity futures remain convinced.
Greek Economy In "Doomsday" Tailspin: 59 Businesses, 613 Jobs Lost Each Day, Suppliers Demand Cash Up Front
Submitted by Tyler Durden on 06/10/2015 - 10:50 While the Greek government has wasted the past 4 months experiment with game (and hope) theory-based negotiations with the Troika, debating what reforms it should implement, what the budget surplus should be, and how much of a pension and wage haircut the local workforce should undergo just to keep the trickle of European money flowing and "allow" the IMF to repay Greek IMF obligations and the ESM to repay the ECB, the Greek economy has slammed into a brick wall because according to Greece's retailers association, about 59 businesses close down and some 613 jobs are being lost each day.
Euro & Stocks Surge On Report Of German Compromise Over Greece Deal
Submitted by Tyler Durden on 06/10/2015 - 11:15 After all the sound and fury from Schaeuble, we are now to believe he is ready to back down...*GERMANY SAID TO CONSIDER SETTLING FOR ONE GREEK REFORM UP FRONT, OFFERING GREECE STAGGERED DEAL ON AID
Stocks and the Euro have resurged on the news. We await Germany's denial within the next 30 minutes (and the subsequent FBI investigation)
German Lawmakers To Vote Against Greek Bailout Saying Athens "Not Serious At All"
Submitted by Tyler Durden on 06/10/2015 - 07:34 Greek PM Alexis Tsipras "hasn’t made a good impression on me in the last few days,” an official from Germany's Social Democrats (Angela Merkel's junior coalition partner) says, while a senior lawmaker from the Chancellor's Christian Democratic bloc contends that Greece "is not serious at all."
Approaching The "Other" Parity: Greek Emergency Liquidity Surges After "Massive" Deposit Outflow
Submitted by Tyler Durden on 06/10/2015 - 12:04 While we await for Germany to deny the latest "Greece is fixed" report, below is a quick update of what is going on with Greek bank liquidity. It is not good.
NYPD Can't Hire African Americans Because "So Many Of Them Have Spent Time In Jail," Commissioner Says
Submitted by Tyler Durden on 06/10/2015 - 11:44 “We have a significant population gap among African American males because so many of them have spent time in jail and, as such, we can’t hire them."
VIX ETF Nears Record Low (85% Of Float Short)
Submitted by Tyler Durden on 06/10/2015 - 11:43 While we are well aware of the decay-ridden denigration of VXX (the VIX ETF), today's plunge (on heavy volume) nears a new record low for the NYFed's best friend. With 51.695 million shares short (and just 60.5 million shares oustanding) according to Bloomberg data, one can only imagine what happens if we get a true 'event' that is allowed to happen.
Spot The Bigger Bubble
Submitted by Tyler Durden on 06/10/2015 - 10:24 One of these is an irrational bubble created by millions of uneducated investors piling into markets because they are convinced there is just one more greater fool.. and the other is Chinese Stocks...Will Never happen...
Bank of England Head Carney Joins Fed's Fischer Demanding Market Rigging Bankers Go To Jail
Submitted by Tyler Durden on 06/10/2015 - 12:45 Mark Carney: "Real markets are essential to guarantee prosperity. Not markets that collapse when there is a shock from abroad. Not markets where transactions occur in chat rooms. Not markets where no one appears accountable for anything." So... not markets which are artificially rigged by $22 trillion in central bank liquidity and which collapse every time the "threat" that any of this preciously liquidity may be taken away?
Russian Warships Approach Canadian Frigate Carrying Prime Minister After Meeting In Poland
Submitted by Tyler Durden on 06/10/2015 - 10:01 Just a day after Canadian Prime Minister Harper confirmed his nation's desire for stronger economic ties to Poland, two Russian warships came within 7 miles of the Frigate carrying the Prime Minister across The Baltic Sea. The Frigate's captain said the Russian ships "posed no threat," but the coincidence is unmistakable just hours after Harper slammed Putin (and Russia), demanding further sanctions.
The Legend Of The Almighty American Consumer
Submitted by Tyler Durden on 06/10/2015 - 09:35 It just blows our mind, that in the face of almost every indicator having collapsed over the first 6 months of this year, market ‘pros’ just act as though it isn’t happening! It’s impressive to watch the insanity, the denial, the delusion, that has become the basis of the steady state market. What is continuing is us extending ourselves again on the very assumption that the American Consumer will rebound to its peak strength. Because there are those few all powerful economic cannibals that profit on policy rather than economics, we will continue down this flawed path until the legend of the Almighty American Consumer succumbs to reality. And that day my friends will be an ugly one for the record books.
US Will Send 400 More Troops To Iraq Bringing Total To 3,500; Open New Military Base
Submitted by Tyler Durden on 06/10/2015 - 08:05 As reported yesterday, in the latest escalation of the "war on ISIS", Obama - winner of the Nobel peace prize for pulling US soldiers out of Iraq - was said to be sending even more US soldiers, pardon military advisors, to Iraq to halt the inexplicable, constant expansion of ISIS, now deep in Syrian territory. Earlier today, this was confirmed when Reuters reported that, as expected, the US will announce on Wednesday plans for a new military base in Iraq's Anbar province and the deployment of around 400 additional U.S. trainers to help Iraqi forces in the fight against Islamic State, citing an unnamed U.S. official.
It is obvious to anyone with eyes to see, “power” is shifting from
West to East. China is the leader, the epicenter of the East and of
course they are the ones “hoovering” up the lion’s share (along with
India)of global gold production. This map was sent to me by a friend.I guess I already knew this but what a stark shock to actually see it! More than 50% of the world’s population living in a land mass of 15% or less of the total. What exactly does this mean other than having good odds of being able to spit on your neighbor’s house? I believe it means much more today than it did years ago, let me explain. Years ago, before we lived in an instant information age and before China/Asia had built up the world’s largest manufacturing capacity, “it meant less”.
Read More…
by Michael Snyder, The Economic Collapse Blog:
Most Americans are deathly afraid to go to the hospital these days –
and it is because of the immense pain that it will cause to their
wallets. If you want to get on a path that will lead you to bankruptcy,
just start going to the hospital a lot. In America today, hospitals
and doctors are blatantly ripping us off and they aren’t making any
apologies for it. As you will read about below, some hospitals mark up
treatments by 1,000 percent. In other instances, basic
medical supplies are being billed out at hundreds of times what they
cost providers. For example, it has been reported that some hospitals
are charging up to 30 dollars
for a single aspirin pill. It would be difficult to argue that the
extreme greed that we see in the medical system is even matched by the
crooks on Wall Street. These medical predators get their hands on us
when we are at our most vulnerable. They know that in our lowest
moments we are willing to pay just about anything to get better or to
make the pain go away. And so they very quietly have us sign a bunch of
forms without ever telling us how much everything is going to cost.
Eventually when the bills come in the mail, it is too late to do
anything about it.
Read More…
Most Americans are deathly afraid to go to the hospital these days –
and it is because of the immense pain that it will cause to their
wallets. If you want to get on a path that will lead you to bankruptcy,
just start going to the hospital a lot. In America today, hospitals
and doctors are blatantly ripping us off and they aren’t making any
apologies for it. As you will read about below, some hospitals mark up
treatments by 1,000 percent. In other instances, basic
medical supplies are being billed out at hundreds of times what they
cost providers. For example, it has been reported that some hospitals
are charging up to 30 dollars
for a single aspirin pill. It would be difficult to argue that the
extreme greed that we see in the medical system is even matched by the
crooks on Wall Street. These medical predators get their hands on us
when we are at our most vulnerable. They know that in our lowest
moments we are willing to pay just about anything to get better or to
make the pain go away. And so they very quietly have us sign a bunch of
forms without ever telling us how much everything is going to cost.
Eventually when the bills come in the mail, it is too late to do
anything about it. Read More…
from Washington’s Blog:
Interviewed on June 6th by German Economic News,
the chief economist at Bremer Landesbank, Folker Hellmeyer, says that
because of Obama’s sanctions against Russia, German exports declined
year-over-year by 18% in 2014, and by 34% in the first two months of
2015 (no later figures), but he asserts that “The damage is much more
comprehensive than these statistics show,” because those are only the
“primary losses,” and there are in addition “secondary effects,” which
get even worse over time.
For example: “European countries with strong business in Russia, including Finland and Austria, are economically hit very hard. These countries consequently place fewer orders from Germany. Moreover, considering that European corporations will circumvent the sanctions, to create production facilities at the highest efficiency level in Russia, we lose this potential capital stock, which is the basis of our prosperity. Russia wins the capital stock,” at the EU’s expense, even though the sanctions are targeted against Russia.
Read More @ WashingtonsBlog.com
image/bremerlandesbank.de
Interviewed on June 6th by German Economic News,
the chief economist at Bremer Landesbank, Folker Hellmeyer, says that
because of Obama’s sanctions against Russia, German exports declined
year-over-year by 18% in 2014, and by 34% in the first two months of
2015 (no later figures), but he asserts that “The damage is much more
comprehensive than these statistics show,” because those are only the
“primary losses,” and there are in addition “secondary effects,” which
get even worse over time. For example: “European countries with strong business in Russia, including Finland and Austria, are economically hit very hard. These countries consequently place fewer orders from Germany. Moreover, considering that European corporations will circumvent the sanctions, to create production facilities at the highest efficiency level in Russia, we lose this potential capital stock, which is the basis of our prosperity. Russia wins the capital stock,” at the EU’s expense, even though the sanctions are targeted against Russia.
Read More @ WashingtonsBlog.com
image/bremerlandesbank.de
from USA Watchdog:
Financial analyst Gregory Mannarino says time is short for the next financial calamity.
Mannarino contends, “Not only are things are getting close, but we are here now. This is it. . . . The collapse is now. Look at what is going on. . . .Despite actions by world central banks, which are unprecedented, we are still going nowhere. The economy is going nowhere. The proof is simply in the money velocity. The issue with the money velocity . . . or at least one of the reasons we are not seeing massive inflation, is the cash is not moving. Once cash starts to move, and it will move, all of those extra bills that have been printed out of thin air are going to be chasing the same amount of goods. You do not need to be a rocket scientist to figure this out.” Mannarino goes on to explain, “Cash will leave the debt market, and that will push yields higher. That will put pressure in equities. This is a reverse of what we see now in inflating this super bubble here. There is a super bubble in debt. There is a super bubble in stocks. When all this cash starts to move, it is going to look for a place to go, and it is going to move into commodities. As this is occurring, all these bills digital or otherwise, that are around the world . . . when people see the value of currency start to drop precipitously, they are going to come back here to the United States. Massive amount of bills are going to chase the same amount of goods and whamo–there’s your inflation.”
Read More @ USAWatchdog.com
Financial analyst Gregory Mannarino says time is short for the next financial calamity.
Mannarino contends, “Not only are things are getting close, but we are here now. This is it. . . . The collapse is now. Look at what is going on. . . .Despite actions by world central banks, which are unprecedented, we are still going nowhere. The economy is going nowhere. The proof is simply in the money velocity. The issue with the money velocity . . . or at least one of the reasons we are not seeing massive inflation, is the cash is not moving. Once cash starts to move, and it will move, all of those extra bills that have been printed out of thin air are going to be chasing the same amount of goods. You do not need to be a rocket scientist to figure this out.” Mannarino goes on to explain, “Cash will leave the debt market, and that will push yields higher. That will put pressure in equities. This is a reverse of what we see now in inflating this super bubble here. There is a super bubble in debt. There is a super bubble in stocks. When all this cash starts to move, it is going to look for a place to go, and it is going to move into commodities. As this is occurring, all these bills digital or otherwise, that are around the world . . . when people see the value of currency start to drop precipitously, they are going to come back here to the United States. Massive amount of bills are going to chase the same amount of goods and whamo–there’s your inflation.”
Read More @ USAWatchdog.com
by Mike Rivero, What Really Happened:
Let’s start with some basic concepts. You live in an age of lies.
Every day of your life you are literally being drowned in lies. Lies by
government. Lies by advertisers. Lies by the corporate media.
Truth has become such a valuable commodity that the government is economizing it!
Liars, meaning good convincing liars (i.e. sociopaths, who evince no guilt when they lie) , lie because they are able to get what they want from people, especially if those people are conditioned from childhood to tell and to believe that others will tell the truth.
Read More @ Whatreallyhappened.com
Let’s start with some basic concepts. You live in an age of lies.
Every day of your life you are literally being drowned in lies. Lies by
government. Lies by advertisers. Lies by the corporate media.Truth has become such a valuable commodity that the government is economizing it!
Liars, meaning good convincing liars (i.e. sociopaths, who evince no guilt when they lie) , lie because they are able to get what they want from people, especially if those people are conditioned from childhood to tell and to believe that others will tell the truth.
Read More @ Whatreallyhappened.com
from TheLipTV:
CNN is launching a campaign called Courageous, which includes the creation of an in-house studio that will produce news-like content on behalf of advertisers and distribute “branded content” across CNN’s TV and internet platforms.
CNN is launching a campaign called Courageous, which includes the creation of an in-house studio that will produce news-like content on behalf of advertisers and distribute “branded content” across CNN’s TV and internet platforms.
from Red State:
It is a rarity that I agree with today’s union bosses. However, in this instance, as unions are currently doing
to Democrats supportive of fast-tracking ObamaTrade, Republican
lawmakers who have bending over (backward) to appease transnational
corporate lobbyists by backing the secret trade pact called the
Trans-Pacific Partnership (TPP) need to hear from voters—and fast.
According to the Detroit News, fast-track will be voted on in the House of Representatives this week.
Read More @ RedState.com
It is a rarity that I agree with today’s union bosses. However, in this instance, as unions are currently doing
to Democrats supportive of fast-tracking ObamaTrade, Republican
lawmakers who have bending over (backward) to appease transnational
corporate lobbyists by backing the secret trade pact called the
Trans-Pacific Partnership (TPP) need to hear from voters—and fast.
According to the Detroit News, fast-track will be voted on in the House of Representatives this week.
Read More @ RedState.com
from Nautilus:
… TEPCO’s dilemma—which gets bigger by the day.The enormous volume of
water comes from the ongoing need to keep the three melted-down reactor
cores cool. More than four years after the disaster, pumps still must
pour a constant stream of water into the pressure vessels that contain
the radioactive cores. But the meltdowns and explosions rendered those
vessels leaky, so TEPCO collects the water that seeps out, as well as
rainwater that flows down the hills and through the shattered buildings.TEPCO has been filling fields with vast arrays of storage tanks to cope with the accumulating water. The company’s 40-year plan for decommissioning the plant calls for the construction of an underground “ice wall” to freeze the soil around the reactor buildings and divert rainwater, and for plugging the leaks in the buildings. But TEPCO has run into problems with the ice wall—the underground tunnels carrying coolant haven’t gotten cold enough to sufficiently freeze the surrounding ground—and the more long-term solution of plugging the reactor buildings’s leaks is still a distant goal. In the meantime, TEPCO keeps building tanks.
Read More @ Nautil.us
from , NEO.org via The Phaser:
Since ancient times an army required significant logistical support to
carry out any kind of sustained military campaign. In ancient Rome, an
extensive network of roads was constructed to facilitate not only trade,
but to allow Roman legions to move quickly to where they were needed,
and for the supplies needed to sustain military operations to follow
them in turn.In the late 1700’s French general, expert strategist, and leader Napoleon Bonaparte would note that, “an army marches on its stomach,” referring to the extensive logistical network required to keep an army fed, and therefore able to maintain its fighting capacity. For the French, their inability to maintain a steady supply train to its forces fighting in Russia, and the Russians’ decision to burn their own land and infrastructure to deny it from the invading forces, ultimately defeated the French.
Read More @ ThePhaser.com
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