from KingWorldNews:
I am focused on the ramifications of the Chinese devaluation. There is
a lot of misinformation about this move but the reality and the point
of the exercise is a product of the ongoing race to the bottom as far as
currencies. All of this is a result of unprecedented worldwide
quantitative easing and liquidity.
Central planners feel bold because there have been not yet been any major consequences other than roaring stock markets. The dollar is still the reserve currency of the world. However, many currencies are locked to it and those countries are having difficulties. Therefore, they are resorting to these devaluations in order to protect their economies.
Read More
I am focused on the ramifications of the Chinese devaluation. There is
a lot of misinformation about this move but the reality and the point
of the exercise is a product of the ongoing race to the bottom as far as
currencies. All of this is a result of unprecedented worldwide
quantitative easing and liquidity.Central planners feel bold because there have been not yet been any major consequences other than roaring stock markets. The dollar is still the reserve currency of the world. However, many currencies are locked to it and those countries are having difficulties. Therefore, they are resorting to these devaluations in order to protect their economies.
Read More
The "Decoupled" Chart That Traders Are Most Concerned About
Submitted by Tyler Durden on 08/31/2015 - 09:00 While we have all seen how equity markets had decoupled from the 'reality' occurring in commodities, FX, and credit markets (as well as macro fundamentals), trading desks are anxiously eying the following 'decoupling' as this week's "pair trade."BNY Scrambles To Fix Unresolved ETF "Glitch" By Monday Market Open
Submitted by Tyler Durden on 08/31/2015 - 08:55 A glitch in the Matrix (if you will) that affected pricing for 1,200 mutual funds and ETFs still wasn't wholly resolved as of Sunday evening after executives worked through the weekend in a frantic attempt to resolve the issue ahead of Monday's open. Remember, if anyone asks, none of this has anything to do with flash-crashing, broken markets.Ron Paul Rages "Blame The Fed, Not China" For The Stock Market Crash
Submitted by Tyler Durden on 08/30/2015 - 22:30 Following Monday’s historic stock market downturn, many politicians and so-called economic experts rushed to the microphones to explain why the market crashed and to propose "solutions” to our economic woes. Not surprisingly, most of those commenting not only failed to give the right answers, they failed to ask the right questions.
from The Wealth Watchman:
Taking Control
Over the past few days, it’s quite evident that alot has changed on the global financial landscape. However, there have recently been a few developments in China, which further signal that everything we know is about to change.
Several weeks ago, I made the case that China had been taking certain measures to put pressure on DC to give them more hefty weighting in the IMF, particularly regarding SDR inclusion. Now that it has been confirmed that SDR inclusion “will be put off for at least a year”, China has decided to take matters into its own hands…by burying two twin fangs into the US Dollar standard.
Read More…
Taking Control
Over the past few days, it’s quite evident that alot has changed on the global financial landscape. However, there have recently been a few developments in China, which further signal that everything we know is about to change.
Several weeks ago, I made the case that China had been taking certain measures to put pressure on DC to give them more hefty weighting in the IMF, particularly regarding SDR inclusion. Now that it has been confirmed that SDR inclusion “will be put off for at least a year”, China has decided to take matters into its own hands…by burying two twin fangs into the US Dollar standard.
Read More…
WTI Crude Tumbles To $43 Handle Despite EIA Lowering Production Estimates
Submitted by Tyler Durden on 08/31/2015 - 08:47 After last week's epic squeeze in crude, overnight weakness has accelerated dragging WTI back to a $43 handle. This comes after EIA (based on improved reporting) reduced the H1 2015 production data by 130,000 barrels per day.
Citi Admits The Truth: "If The Market Drops 10%, The Fed Will Most Likely Not Hike"
Submitted by Tyler Durden on 08/31/2015 - 08:05 The market has already delivered its verdict swiftly in the face of the global equity market correction– reducing substantially the probability of a rate hike in September, and pricing in a full rate hike only by March next year. We assign a higher probability than the market for a lift off in September but acknowledge that the risk has shifted towards later, a slower pace and a lower terminal rate. For now, we hold on to the put on EDU5 that we initiated two weeks ago. "Data dependency” over the next couple of weeks might really mean “equity market dependency”. If the equity market drops 10%, the Fed will most likely not hike, no matter what the payrolls data is.
Chinese Stocks Slump After "Arrest-Fest", Yuan Strengthens Most In 9 Months, Goldman Cuts Outlook
Submitted by Tyler Durden on 08/30/2015 - 21:25 Update: So much for the "no more intervention" - CHINA SAID TO ORDER BROKERAGES TO BOOST STOCK MARKET SUPPORTA busy weekend in Asia was dominated by mayhem in Malaysia, and witch-huntery in China. Chinese authorities began a wide-scale crackdown on rumor-mongerers, arrested journalists, and even detained a regulator for insider trading, as they lifted loan caps on the banking system at the same as withdrawing (verbally) support for the stock market. China strengthen the Yuan fix by 0.15% to 6.3893 - this is the biggest 2-day strengthening of the Yuan fix since Nov 2014. Then just to rub some more salt in the wounds, Goldman cut China growth expectations to 6.4% and 6.1% respectively for the next 2 years. Chinese stocks are opening modestly lower (SHCOMP -3.3%).
China "Punishes" Hundreds For "Maliciously" Manipulating The Market
Submitted by Tyler Durden on 08/31/2015 - 07:40 China's Ministry of Public Security says the accused are very, very sorry for their actions, in which they "misled society and the public, generated and spread fearful sentiment, and even used the opportunity to maliciously concoct rumors to attack [Communist] Party and national leaders."
by David Mills, Director Blue:
In 2013, in a little-heralded case,
the U.S. Court of Appeals for the Seventh Circuit rejected the Obama
Labor Department’s attempt to punish voluntary retirement plan service
providers. The DOL, under the direction of the controversial, radical leftist Tom Perez,
had tried to force providers of 401(k), 403(b), IRA, and related
services to adopt a massive new set of regulations known as “fiduciary”
responsibilities.
The Seventh Circuit slammed the door shut on Labor and the Supreme Court thereafter declined to hear the appeal, which meant that the Obama administration had lost in the highest court in the land.
Read More
In 2013, in a little-heralded case,
the U.S. Court of Appeals for the Seventh Circuit rejected the Obama
Labor Department’s attempt to punish voluntary retirement plan service
providers. The DOL, under the direction of the controversial, radical leftist Tom Perez,
had tried to force providers of 401(k), 403(b), IRA, and related
services to adopt a massive new set of regulations known as “fiduciary”
responsibilities.The Seventh Circuit slammed the door shut on Labor and the Supreme Court thereafter declined to hear the appeal, which meant that the Obama administration had lost in the highest court in the land.
Read More
from Western Journalism:
As Obama seems to dither on how to treat Islamic State terrorists,
others are taking the lead as America “leads from behind.” Take the
sentence an Egyptian court handed out to 12 members of ISIS for plotting
attacks in the Land of the Pharaohs.
Agence France-Presse reported last week that 12 members of ISIS have been sentenced to death for their terror plans.
Six of the suspects have already been captured and six more are at large but Egyptian authorities determined that all 12 had joined a local ISIS cell.
Read More
As Obama seems to dither on how to treat Islamic State terrorists,
others are taking the lead as America “leads from behind.” Take the
sentence an Egyptian court handed out to 12 members of ISIS for plotting
attacks in the Land of the Pharaohs.Agence France-Presse reported last week that 12 members of ISIS have been sentenced to death for their terror plans.
Six of the suspects have already been captured and six more are at large but Egyptian authorities determined that all 12 had joined a local ISIS cell.
Read More
by J. D. Heyes, Natural News:
The Affordable Care Act that isn’t affordable and has raised health insurance rates and the cost of healthcare.
The Safe and Accurate Food Labeling Act, designed to improve food labeling but which actually bans states from enacting their own GMO labeling requirements, thus keeping food labels inaccurate.
The USA Patriot Act, a major post-9/11 bill that redefined “patriotism” as massive unconstitutional government surveillance and intrusion.
Read More
The Affordable Care Act that isn’t affordable and has raised health insurance rates and the cost of healthcare.The Safe and Accurate Food Labeling Act, designed to improve food labeling but which actually bans states from enacting their own GMO labeling requirements, thus keeping food labels inaccurate.
The USA Patriot Act, a major post-9/11 bill that redefined “patriotism” as massive unconstitutional government surveillance and intrusion.
Read More
from Bill Still:
One of THE most respected military reporters in D.C. — Bill Gertz – yesterday reported in the “Washington Free Beacon” that the Pentagon is NOT bombing an estimated 60 ISIS training camps that are pumping out thousands of new ISIS fighters each month. The camps are spread across Syria and Iraq – and the Pentagon knows exactly where they are located, but they are being protected by the White House.
One of THE most respected military reporters in D.C. — Bill Gertz – yesterday reported in the “Washington Free Beacon” that the Pentagon is NOT bombing an estimated 60 ISIS training camps that are pumping out thousands of new ISIS fighters each month. The camps are spread across Syria and Iraq – and the Pentagon knows exactly where they are located, but they are being protected by the White House.
from Dan Norcini:
If there was ever any doubt that the majority of buying by the hedge
fund category in the gold market over the past 3-4 weeks has been of the
nature of short covering, this week’s COT should put that theory to
rest.
Since the third week of July, the hedge fund category alone has covered or lifted 40,000 short positions. That against the addition of only 16,000 or so new long positions over the same time span. By a better than 2:1 margin, hedge funds have been covering shorts, not instituting fresh purchases of gold.
Read More
If there was ever any doubt that the majority of buying by the hedge
fund category in the gold market over the past 3-4 weeks has been of the
nature of short covering, this week’s COT should put that theory to
rest.Since the third week of July, the hedge fund category alone has covered or lifted 40,000 short positions. That against the addition of only 16,000 or so new long positions over the same time span. By a better than 2:1 margin, hedge funds have been covering shorts, not instituting fresh purchases of gold.
Read More
from Clive Maund:
We are believed to be at an excellent juncture right now to short the
broad stockmarket (or buy bear ETFs and Puts). As we know, we did just
that before the dramatic plunge early last week, and are now “sitting
pretty”. Now is the time to add to positions, or if you haven’t any and
are looking for the right shorting opportunity, this is it.
To see just why now is an excellent time to enter short positions or build on existing short positions (inverse ETFs / Puts) we will now look at the latest 1-year chart for the S&P500 index. All those who bought in the large rectangular pattern drawn on the chart, labeled the “Mug Pen” are like sheep huddled in a corral waiting to be fleeced. Even after the sharp rally late last week they are nursing significant losses, and if they get the chance to “get out even” or nearly so, they are going to take it. What is likely to happen is that they will almost get the chance, but not quite, because the market will turn down again soon, or immediately, and they will have to make a run for it if they want to avoid a severe fleecing. This means that as soon as the market starts to drop away again, they will stampede to unload stocks while they still can at reasonable prices, exacerbating the rate of decline. This is a big reason that another severe downleg is expected.
Read More
We are believed to be at an excellent juncture right now to short the
broad stockmarket (or buy bear ETFs and Puts). As we know, we did just
that before the dramatic plunge early last week, and are now “sitting
pretty”. Now is the time to add to positions, or if you haven’t any and
are looking for the right shorting opportunity, this is it.To see just why now is an excellent time to enter short positions or build on existing short positions (inverse ETFs / Puts) we will now look at the latest 1-year chart for the S&P500 index. All those who bought in the large rectangular pattern drawn on the chart, labeled the “Mug Pen” are like sheep huddled in a corral waiting to be fleeced. Even after the sharp rally late last week they are nursing significant losses, and if they get the chance to “get out even” or nearly so, they are going to take it. What is likely to happen is that they will almost get the chance, but not quite, because the market will turn down again soon, or immediately, and they will have to make a run for it if they want to avoid a severe fleecing. This means that as soon as the market starts to drop away again, they will stampede to unload stocks while they still can at reasonable prices, exacerbating the rate of decline. This is a big reason that another severe downleg is expected.
Read More
from TruthTube451:
by Joe Wright, Activist Post:
Gun control false flag crisis actors be warned: Facial recognition search software is going to bust you. Funny, the technology is easy enough to use on Facebook, one has to wonder why the mainstream media and police don’t use it for these alleged mass shooter events.
Actually, this is an even bigger warning to the billionaire “philanthropists” who back aggressive gun control initiatives and are likely backing these staged “events.” You’ve hired horrible actors. You’re going to get busted unless you back off. But, alas, we know your allegiance to the UN Small Arms Treaty requires you to push forward despite a growing number who know your game.
The latest reporter shooting hoax in Virginia is getting so easily torn apart by the conspiracy research community that the media’s emotional staging of actors is becoming absurd.
Read More
Gun control false flag crisis actors be warned: Facial recognition search software is going to bust you. Funny, the technology is easy enough to use on Facebook, one has to wonder why the mainstream media and police don’t use it for these alleged mass shooter events.
Actually, this is an even bigger warning to the billionaire “philanthropists” who back aggressive gun control initiatives and are likely backing these staged “events.” You’ve hired horrible actors. You’re going to get busted unless you back off. But, alas, we know your allegiance to the UN Small Arms Treaty requires you to push forward despite a growing number who know your game.
The latest reporter shooting hoax in Virginia is getting so easily torn apart by the conspiracy research community that the media’s emotional staging of actors is becoming absurd.
Read More
from TruthNeverTold:
THE HORRORS OF HYPERINFLATION: 80-Year Old Woman Trampled To Death In Venezuela Supermarket Stampede
from Zero Hedge:
With 30% of Venzuelans eating two or fewer meals per day, social unrest is mounting rapidly in President Nicolas Maduro’s socialist utopia. As WSJ reports, soldiers have now been deployed to stem rampant food smugglingand price speculation, which Maduro blames for triple-digit inflation and scarcity. “Due to the shortage of food… the desperation is enormous,” local opposition politician Andres Camejo said, and nowhere is that more evident than the trampling death of an 80-year-old woman outside a state-subsidized supermarket.
[pictured: Venezuelans protest the hyperinflation & starvatiion with signs reading ‘HUNGER’…]
Read More
With 30% of Venzuelans eating two or fewer meals per day, social unrest is mounting rapidly in President Nicolas Maduro’s socialist utopia. As WSJ reports, soldiers have now been deployed to stem rampant food smugglingand price speculation, which Maduro blames for triple-digit inflation and scarcity. “Due to the shortage of food… the desperation is enormous,” local opposition politician Andres Camejo said, and nowhere is that more evident than the trampling death of an 80-year-old woman outside a state-subsidized supermarket.[pictured: Venezuelans protest the hyperinflation & starvatiion with signs reading ‘HUNGER’…]
Read More
Ukraine Reignites - 1 Killed, 50 Injured After Grenade Attack On Parliament
Submitted by Tyler Durden on 08/31/2015 - 08:13 Amid the Ukraine government's vote for constitutional changes to give its eastern regions a special status (that it hopes will blunt their separatist drive) protests have turned deadly as RT reports 50 Ukrainian nation guards have been injured in a greande blast near parliament in Kiev.
Bernie Sanders Blasts "The Business Model Of Wall Street Is Fraud"
Submitted by Tyler Durden on 08/31/2015 - 09:21 With 'truths' like this, is it really surprising that he’s close to catching Wall Street-handler Hillary Clinton?
Gartman Goes From "Stock Prices Have A Long Way To Fall" To "I'm Confused But Still Buying Stocks" In 7 Days
Submitted by Tyler Durden on 08/31/2015 - 08:27 "I'm confused, but still buying stocks. I trade only from my own account, I'm slightly long - a little discouraged when I see the action we've seen overnight in China. But, I think I'll stay that way and my propensity shall be to a quiet modest buyer of more on today's weakness.
JPM Storms Out In Defense Of The Sunny Hedge Fund Hotel: Initiates SunEdison With An "Overweight" And $24 Target
Submitted by Tyler Durden on 08/31/2015 - 07:06 Sometimes you have to work really hard for those "soft dollars."
China Dramatically Intervenes To Boost Stocks Despite Reports It Won't; US Futtures Slump On J-Hole
Submitted by Tyler Durden on 08/31/2015 - 06:49 Yesterday, the FT triumphantly proclaimed: "Beijing abandons large-scale share purchases", and that instead of manipulating stocks directly as China did last week on Thursday and Friday, China would instead focus on punishing sellers, shorters, and various other entities. We snickered, especially after the Shanghai Composite opened down 2% and dropped as low as 4% overnight. Just a few hours later we found out that our cynical skepticism was again spot on: the moment the afternoon trading session opened, the "National Team's" favorite plunge protection trade, the SSE 50 index of biggest companies, went super-bid and ramped from a low of 2071 to close 140 points higher, ending trading with a last minute government-facilitated surge, and pushing the Composite just 0.8% lower after trading down as much as -4.0%./
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