Submitted by Tyler Durden on 08/21/2015 - 16:09
"Teflon" Donald Trump Holds Giant "Pep Rally" At Football Stadium - Live Feed
Submitted by Tyler Durden on 08/21/2015 - 18:55 Donald Trump is holding a campaign rally at a football stadium. Enough said.filed under (unt
(Alleged) Footage Of Hillary's Email Scrubbing Strategy
We’ve posted a lot of “dismal’ stuff today, but since it’s better to laugh than to cry, we give you the following...
Bombshell: Clinton E-Mails Were "Classified From The Get-Go", Reuters Says
Submitted by Tyler Durden on 08/21/2015 - 14:55 "It's born classified. If a foreign minister just told the secretary of state something in confidence, by U.S. rules that is classified at the moment it's in U.S. channels and U.S. possession. [To say otherwise is] blowing smoke."
These Currencies Could Be The Next To Tumble In Global FX Wars
Submitted by Tyler Durden on 08/21/2015 - 18:10 Shockwaves from China’s devaluation have conspired with sluggish global demand and an attendant commodities slump to wreak havoc on developing market currencies the world over. On the heels of Kazakhstan's dramatic move to float the tenge, here's which currencies are next in line to tumble.
A Different Perspective On Market Valuations
Submitted by Tyler Durden on 08/21/2015 - 17:45 When paying a premium for equities, or any asset for that matter, one runs the serious risk of capital impairment. Worse, most professional investment managers falling prey to the bullish sentiment currently surrounding this period of extreme valuations will likely not live up to their overriding fiduciary duty – the preservation of wealth. Following the herd may have its benefits at times, but following the herd over a cliff never ends well. As Seth Klarman warned. “Risk is not inherent in an investment; it is always relative to the price paid”
Is The Oil Crash A Result Of Excess Supply Or Plunging Demand: The Unpleasant Answer In One Chart
Submitted by Tyler Durden on 08/21/2015 - 17:25 Courtesy of the following chart by BofA, we have the answer: while for the most part of 2015, the move in the price of oil was a combination of both supply and demand, the most recent plunge has been entirely a function of what now appears to be a global economic recession, one which will get far worse if the Fed indeed hikes rates as it has repeatedly threatened as it begins to undo 7 years of ultra easy monetary policy.
Cop Tries To Cook Meth At Government Science Lab, Blows Up Building
Submitted by Tyler Durden on 08/21/2015 - 17:20 Back on July 18, Christopher Bartley (a police lieutenant for the National Institutes of Standards and Technology), tried to refill a butane lighter. Or he tried to cook a batch of meth...filed under Fucking IDIOTS...
Paul Krugman "What Ails The World Right Now Is That Governments Aren’t Deep Enough In Debt"
Submitted by Tyler Durden on 08/21/2015 - 16:56 "Believe it or not, many economists argue that the economy needs a sufficient amount of public debt out there to function well. And how much is sufficient? Maybe more than we currently have. That is, there’s a reasonable argument to be made that part of what ails the world economy right now is that governments aren’t deep enough in debt."
Weekend Reading: Is This The Big One?
Submitted by Tyler Durden on 08/21/2015 - 16:30 "The combined levels of bullish optimism, lack of concern about a possible market correction (don't worry the Fed has the markets back), and rising levels of leverage in markets provide the 'ingredients' for a more severe market correction. However, it is important to understand that these ingredients by themselves are inert. It is because they are inert that they are quickly dismissed under the guise that 'this time is different.' Like a thermite reaction, when these relatively inert ingredients are ignited by a catalyst, they will burn extremely hot. Unfortunately, there is no way to know exactly what that catalyst will be or when it will occur. The problem for individuals is that they are trapped by the combustion an unable to extract themselves in time."
Summarizing "Investor" Thoughts Today (In 1 Cartoon)
Submitted by Tyler Durden on 08/21/2015 - 15:56 Presented with no comment...
You Can Buy These Companies' Cash At Up To A 60% Discount
Submitted by Tyler Durden on 08/21/2015 - 15:40 In this "baby with the bathwater" selling which we have seen in the past few weeks especially in EMs and China, various other such opportunities have presented themselves, and to assist readers who may be looking to buy cash at a disacount of as much as 60%, we have compiled a list of some of the most prominent global companies with a negative TEV, and whose cash can be bought at a substantial discount to fair value: in some cases as much as 60%.
Why The Market Is Crashing Into The Close: JPM Explains
Submitted by Tyler Durden on 08/21/2015 - 15:24 Curious why someone just pulled a trapdoor from under the market? JPM's Marko Kolanovic, head of quant strategies explains. "Given that the market is already down ~2%, we expect the market selloff to accelerate after 3:30PM into the close with peak hedging pressure ~3:45PM."
The Stock Market Is In Trouble – How Bad Can It Get?
Submitted by Tyler Durden on 08/21/2015 - 15:16 Even if it is short term oversold, this is actually a quite dangerous market – caveat emptor, as they say.
"No Brainer" AAPL Enters Bear Market
Submitted by Tyler Durden on 08/21/2015 - 14:45 Following the biggest 4-day decline in AAPL stock since Jan 2014, the "no brainer" once-darling of the investing world has just officially entered a bear market, down 20% from its April record highs.Dear CIGAs,
Here we are six years after the “Great Financial Crisis”. Since then, every acronym in the book has been thrown at the economy and financial markets but to what end? The economy has gone nowhere over these six years, “recovery” has been the meme …but never “expansion”. Hasn’t anyone wondered about this? In the good old days we used to hear the word “expansion” for two or three years before the natural recession would roll through. This time we’ve heard nothing but recovery …year after year. “Hope” (which is the vestige of fools), year after year.
I wrote in 2008, “this is a crisis of ‘solvency’, more liquidity cannot turn bad loans into good ones”. Now, six years later it turns out this thought process was 100% correct. Other than financial assets being “saved”, all of the QE, all of the additional debt taken on by various sovereign treasuries has done nothing to the real economy of Main St.. The plan was to inflate asset values and this would spill onto Main St.. Even mainstream media when interviewing the talking heads of Wall St. and the liars out of Washington are questioning this. Heck, Peter Fisher (past chief of the plunge protection team Martin) this morning brought this up on his own. He said the policy of inflating assets has not worked and cannot work. The five plus year experiment has failed. One does not have to look far or even “into” the bogus reporting of unemployment to see what is happening. All you need to do is look at oil and Dr. copper. They are both crashing and now threating to break trend lines going back to the 1980′s.
In as few words as possible, we are witnessing a credit collapse. These two commodities (along with many others) are crashing NOT because currencies are so well foundationed or strong and “going up”. No, we are watching them crash because of shrinking demand. This is also confirmed by trade numbers (or lack of). We also see freight rates imploding all over the world due to the same lack of demand and trade. This should tell you something in very loud and very clear terms, the “reflation” efforts have failed miserably!
You don’t need to take my word, your own gut feel or even your very own eyes to know this. “They” have admitted it and we now even see stories going mainstream with titles such as “is the Fed out of bullets? and Fed loses its grip on debt” http://www.bloomberg.com/news/articles/2015-08-20/credit-traders-gird-for-the-worst-as-fed-loses-its-grip-on-debt. Just this week we have seen Alan Greenspan warn the “credit markets are in a bubble” http://www.marketwatch.com/story/greenspan-warns-about-bond-market-bubble-2015-08-19 . If that were not enough, the St. Louis Fed http://www.zerohedge.com/news/2015-08-19/after-6-years-qe-and-45-trillion-balance-sheet-st-louis-fed-admits-qe-was-mistake admits QE was a mistake and did nothing to help the economy.
In the case of Mr. Greenspan, he is simply trying to get on the record far enough to hopefully make historians forget he was the one driving the bus on the road to perdition. He is now on the record gold “is money” and a safe haven versus his precious product the dollar. Has he had some sort of come to Jesus moment? I believe no, not even possible as he’s known all along how money works and where he was driving the bus. His days with Ayn Rand were filled with quotes and writings which sounded much like today’s tin foil hat society! He knew then, he knows now and will know until his last breath, the end of the credit road is in sight. His own “legacy” and nothing else is his concern.
The St. Louis Fed is known as the “teaching” district. Their recent admission QE was a mistake is a little different than Alan Greenspan trying to get on the record. I’m not really sure what their motive is for telling the truth? It certainly does not aid their cause because they are admitting failure.
We stand on the cusp of a credit meltdown. Never mind the stock markets or the commodity markets, they are simply “symptoms” of a credit bubble going bust. The talk of “will the Fed tighten” in Sept. (or EVER again) is hilarious! The Fed will be forced to implement another round of QE no matter what the acronym or name. More QE will do what more QE has already done, simply pile more debt on top of already TOO MUCH DEBT! There are no possible fixes left, the CREDIT CRISIS has arrived. No way to reflate and no way to actually “pay” (settle) on the debt. Central banks all over the world are now beginning to act in their own best interests, it’s like the sharks are eating the sharks.
The credit BUST is here! Markets all over the world are crashing and the U.S. is now losing control. After breaking down yesterday, today looks to be another bad day. If the PPT cannot get any traction today, Monday could be a disaster. I even question whether markets remain open at some point because closure will be the ONLY way to stop the selling which will be forced (by margin calls) in nearly all markets. This is not fear mongering, it is now math. We live in a make believe world created by the illusion that “credit” is a strong foundation, it cannot be. Bad credits cannot be made good by those with too much debt. This is exactly what has been attempted by the largest debtor on the planet. The failure will be spectacular. All money today is nothing more than credit … credit IS the problem!
It is imperative you understand how this will go down. You must have exactly what you think you’ll need and what you want to own going into this. You will have no opportunity to change horses when the markets close. Bluntly, it’s not the closure of markets that will kill you …it will be the reopening!
Standing watch,
Bill Holter
Holter-Sinclair collaboration
Comments welcome! bholter@hotmail.com
by Michael Snyder, End of the American Dream:
Is September 2015 going to be a month that changes history? For
months, there has been an unprecedented amount of buzz all over the
Internet about what is going to happen in September. And without a
doubt, we are going to witness a convergence of events during that month
that is quite remarkable. What I have attempted to do in this article
is to put together a list of things that we know will happen next
month. Some of the lists that I have seen contain things that cannot be
proven or that are simply inaccurate. And of course it is very likely
that some things will happen in September that we cannot anticipate
right now. I am just providing the information that I have at this
time, and it is up to you and your family to prepare for what you
believe will happen. The following is my big list of 33 things that are
going to happen in September 2015…
Read More…
Is September 2015 going to be a month that changes history? For
months, there has been an unprecedented amount of buzz all over the
Internet about what is going to happen in September. And without a
doubt, we are going to witness a convergence of events during that month
that is quite remarkable. What I have attempted to do in this article
is to put together a list of things that we know will happen next
month. Some of the lists that I have seen contain things that cannot be
proven or that are simply inaccurate. And of course it is very likely
that some things will happen in September that we cannot anticipate
right now. I am just providing the information that I have at this
time, and it is up to you and your family to prepare for what you
believe will happen. The following is my big list of 33 things that are
going to happen in September 2015…Read More…
The Los Angeles Times reports, “State by state, the death penalty is
losing ground.” They should have just reported that “State by state, the
government is advocating murder.” These are the same state governments
that sanction the murder of innocent children in the womb.“Last week, in a landmark 4-3 decision, the Connecticut Supreme Court found that the death penalty violates the state’s constitutional ban on cruel and unusual punishment, and that abolition must, therefore, extend to everyone. The 11 prisoners on the state’s death row, plus a 12th man facing a death sentence, have been spared.”
Read More
by Paul Seymour, Dollar Vigilante:
The phrase Land of the Free is most often used by brainwashed Americans
who actually believe their television programming and have never
traveled outside of the American Soyuz. But, more and more, it is also
used the way we use it: After pointing out the reduction of liberties in
the USSA, many of us now snidely remark, “The Land of the Free!” while
using airquotes in sarcasm.
The Cato Institute recently released their Freedom Index. The US has been sliding downward on the index since 2000 and slid another 3 points down to 20th in the world in the most recent index.
Read More
The phrase Land of the Free is most often used by brainwashed Americans
who actually believe their television programming and have never
traveled outside of the American Soyuz. But, more and more, it is also
used the way we use it: After pointing out the reduction of liberties in
the USSA, many of us now snidely remark, “The Land of the Free!” while
using airquotes in sarcasm.The Cato Institute recently released their Freedom Index. The US has been sliding downward on the index since 2000 and slid another 3 points down to 20th in the world in the most recent index.
Read More
from Dollar Collapse:
Normally there’s a distinct pattern to the impact of Federal Reserve
statements on the financial markets. The tone of equities trading in
particular starts to improve as the moment of the announcement
approaches; the words turn out to be blandly positive, full of promises
of easy money and upbeat forecasts; and share prices soar for a day or
two. It’s been thus for most of the past six years, leading large
numbers of new investors and recently-minted analysts and traders to see
the Fed as a modern version of Plato’s philosopher king, wielding
absolute power to achieve perfect justice in the form of rising asset
prices.
Read More
Normally there’s a distinct pattern to the impact of Federal Reserve
statements on the financial markets. The tone of equities trading in
particular starts to improve as the moment of the announcement
approaches; the words turn out to be blandly positive, full of promises
of easy money and upbeat forecasts; and share prices soar for a day or
two. It’s been thus for most of the past six years, leading large
numbers of new investors and recently-minted analysts and traders to see
the Fed as a modern version of Plato’s philosopher king, wielding
absolute power to achieve perfect justice in the form of rising asset
prices.Read More
from Gold Silver Worlds:
Today, I will attempt to make the case for how one might go about
turning one billion dollars into five billion dollars by buying silver.
At first, some of my specific points might seem to be at odds with my
long held argument that fully paid for positions in the actual metal at
current price levels are as close to a sure thing as it gets in the
investment world. But it is still my conviction that owning unencumbered
and unleveraged metal is the best way to go; what’s different about
this article is that it is directed to any entity that can plunk down a
cool billion dollars or more in buying silver.
Read More
Today, I will attempt to make the case for how one might go about
turning one billion dollars into five billion dollars by buying silver.
At first, some of my specific points might seem to be at odds with my
long held argument that fully paid for positions in the actual metal at
current price levels are as close to a sure thing as it gets in the
investment world. But it is still my conviction that owning unencumbered
and unleveraged metal is the best way to go; what’s different about
this article is that it is directed to any entity that can plunk down a
cool billion dollars or more in buying silver.Read More
by Chris Marchese, GoldSeek:
Many Internet discussions of government coin sales conclude–“Those are
meaningless amounts because they account for such a small percentage of
total supply (Primary + Secondary Supply).” But only part of this
statement is correct, that is they account for a relatively small
percentage (~14%) of total supply.
However they are not meaningless, for several reasons. The first is that demand for silver coinage can increase very sharply. When the 2008 financial crisis took place demand for silver eagles doubled. After the financial crisis of 2008 the demand doubled AGAIN! That is correct; prior to 2008 the demand for US mint silver was about 10 million ounces per year. Financial crisis doubles the demand- interesting?
Read More
Many Internet discussions of government coin sales conclude–“Those are
meaningless amounts because they account for such a small percentage of
total supply (Primary + Secondary Supply).” But only part of this
statement is correct, that is they account for a relatively small
percentage (~14%) of total supply.However they are not meaningless, for several reasons. The first is that demand for silver coinage can increase very sharply. When the 2008 financial crisis took place demand for silver eagles doubled. After the financial crisis of 2008 the demand doubled AGAIN! That is correct; prior to 2008 the demand for US mint silver was about 10 million ounces per year. Financial crisis doubles the demand- interesting?
Read More
from ReasonTV:
from Paul Craig Roberts:
America’s First Black President is a traitor to his race and also to justice.
Obama has permitted the corrupt US Department of Justice (sic), over which he wields authority, to overturn the ruling of a US Federal Court of Appeals that prisoners sentenced illegally to longer terms than the law permits must be released once the legal portion of their sentence is served. The DOJ, devoid of all integrity, compassion, and sense of justice, said that “finality” of conviction was more important than justice. Indeed, the US Justice (sic) Department’s motto is: “Justice? We don’t need no stinkin’ justice!”
Read More
America’s First Black President is a traitor to his race and also to justice.Obama has permitted the corrupt US Department of Justice (sic), over which he wields authority, to overturn the ruling of a US Federal Court of Appeals that prisoners sentenced illegally to longer terms than the law permits must be released once the legal portion of their sentence is served. The DOJ, devoid of all integrity, compassion, and sense of justice, said that “finality” of conviction was more important than justice. Indeed, the US Justice (sic) Department’s motto is: “Justice? We don’t need no stinkin’ justice!”
Read More
from FutureMoneyTrends:
from The Daily Coin:
Since China has rolled out a series of currency devaluations and made
two different public announcements regarding their official gold
holdings it seemed like a perfect time to check in with Alasdair Macleod.
On the surface the currency devaluations were not that significant. The announcement regarding their official gold holdings did not change anyones outlook regarding the gold market or the currency market. Looking behind the curtain we see something more and something much larger and more telling than the mainstream financial analyst are reporting.
Read More
Since China has rolled out a series of currency devaluations and made
two different public announcements regarding their official gold
holdings it seemed like a perfect time to check in with Alasdair Macleod. On the surface the currency devaluations were not that significant. The announcement regarding their official gold holdings did not change anyones outlook regarding the gold market or the currency market. Looking behind the curtain we see something more and something much larger and more telling than the mainstream financial analyst are reporting.
Read More
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