State Makes It Legal To Shoot Cops In Self-Defense If They Violate Your Rights

Submitted by Tyler Durden on 09/30/2015 - 22:43
Is it ever legal to shoot cops? A growing number of states are passing laws that say that yes, in fact, sometimes it is well within a citizen’s rights to shoot a police officer.

Aware And Prepared

from TruthNeverTold:

6 Out Of 6 Fed Surveys Confirms The US Is In A Recession And Headed Into A Collapse

from X22Report:

Washington Blasts Putin For Russian Strikes On "CIA-Backed Rebels" In Syria

Submitted by Tyler Durden on 10/01/2015 - 11:15 "He deliberately tries to do things to throw opponents off balance and he’s always trying to get some sort of element of surprise and tactical advantage over people, that’s sort of what keeps him going is this constant springing surprises and flipping events in his favor."

Mid-East Coup: As Russia Pounds Militant Targets, Iran Readies Ground Invasions While Saudis Panic

Submitted by Tyler Durden on 10/01/2015 - 12:05

Atlanta Fed Slashes Q3 GDP Estimate By 50% To Just 0.9%

Submitted by Tyler Durden on 10/01/2015 - 12:03 Yesterday, when the Atlanta Fed boosted its Q3 GDP tracker from 1.4% to 1.8%, the permabulls were crowing how the global recession has been called off. We are confident they will be mysteriously mute, however, following today's dramatic revision lower which cut the number for the current quarter by half to just 0.9% as a result of the previously reported tumble in the advance report on U.S. international trade which slashed the Atlanta Fed's model contribution of net exports to third-quarter real GDP growth by 0.7 percentage points to -0.9%.

"Hedge Fund Hotels" Blow Up: September Slams Billionaire Stock Pickers

Submitted by Tyler Durden on 10/01/2015 - 11:47 In August, hedge funds blamed risk-parity funds for their dramatic underperformance. In September, the underperformance continued however this time, with risk-parity funds supposedly buying stocks, one can't blame them. To be sure, some such as Ackman whose 20 million shares of Valeant are hurting badly, will blame the Martin Shkrelis of the world for the biggest biotech tumble in years, but others may have to bite the bullet and admit it is their own lack of ability to come up with alpha in a centrally-planned "market" that is the reason.

DAX Reverses Month-End Ramp, Suffers Worst Start-To-Q4 Since 2009

Submitted by Tyler Durden on 10/01/2015 - 11:24 Germany's DAX has given back all of yesterday's exuberant month-end gains and more to suffer the worst start to Q4 since 2009 (and actually worse than 2007 and 2008)...

Consumer Sentiment Plunges On 401K Drop

Submitted by Tyler Durden on 10/01/2015 - 11:13 It’s no coincidence that consumer sentiment stumbled at the same time that the stock market plunged. Coming back from Summer vacations, households saw:

• The deepest drop in 401K wealth in years
• The most prolonged drop in years

It has been a shock because investors have been conditioned to ignore the dips; or better still, to buy the foolish dips (BTFD) because time-after-time the dips reverse within a few weeks and the market plows onward and upward. In July last year, the market tumbled 3% and then fully recovered within four weeks.

The Best And Worst Performing Assets In September, Q3 And 2015 YTD

Submitted by Tyler Durden on 10/01/2015 - 10:45

Is The U.S. About To Break One Of Its Own Nuclear Treaties?

Submitted by Tyler Durden on 10/01/2015 - 10:20 Bill Richardson could teach Donald Trump something about the art of the deal. He has done a lot of them. At present Richardson sees one of his deals in jeopardy, and he was in Washington last week to raise the alarm, meeting privately with former colleagues and appearing at a press conference at the National Press Club. The deal in jeopardy involves a commitment he made, when he was secretary of Energy in the Clinton administration, with the Russians to dispose of weapons-grade plutonium, the long-lived ingredient in nuclear weapons.

ISM Manufacturing Weakest Since May 2013 Amid Collapse In New Orders

Submitted by Tyler Durden on 10/01/2015 - 10:06 Following Manufacturing PMI's weakness and ADP's Manufacturing employment weakness (and six regional Fed surveys' weakness), ISM printed 50.2 (the 3rd miss in a row and lowest since May 2013). Under the surface was a disaster with New Orders collapsing (unadjusted are weakest since before 2013) with just 22% saying New Orders are better (the lowest since August 2012).

US Manufacturing PMI Stagnates at 2-Year Low With Weakest Employment Since June 2013

Submitted by Tyler Durden on 10/01/2015 - 09:52 Given the fact that for the first time since the recession, manufacturing has added zero jobs this year, that ADP just saw a drop in manufacturing jobs, Markit reports September US Manufacturing PMI has stagnated for the last 2 months at 2 year lows (printing 53.1 final vs 53.0 prelim). Worst still, and confirming even further the demise of the US manufacturing "renaissance", the Employment sub-index dropped to 50.8 - the lowest since June 2013. As Markit sums up,  "The Fed is therefore likely to keep an open mind as to whether tighter policy is appropriate given current economic conditions and await a clearer idea of the health of the economy in the fourth quarter."

Key Global Equity Index Has Fallen Off The Precipice

Submitted by Tyler Durden on 10/01/2015 - 09:35 Each and every day, we are witnessing the ongoing global selloff inflict more and more damage to the post-2009 cyclical bull market. And while that bull may not be declared dead for some time, it is now being wounded enough daily to warrant very seriously considering that possibility.

Did Gartman Just Halt The Rally?

Submitted by Tyler Durden on 10/01/2015 - 09:13 "... the fact that our International Index has rallied 2% from its lows and now has rallied for two days in a row has our interest and does give us  reason to pause in our bearish perspective."

Bailed Out FX Broker FXCM Says It Was Hacked, Resulting In "Wire Transfers From Customer Accounts"

Submitted by Tyler Durden on 10/01/2015 - 08:56 It has not been a good year for retail currency broker FXCM which in January faced massive losses in the aftermath of the shocking Swiss Franc revaluation. In fact, only a $300 million bailout from Jefferies/Leucadia allowed the currency trader to meet regulatory requirements and continue operations.  Then, this morning, FXCM clients woke up with even more headaches when the currency broker admitted it had been hacked, leading to a "small number" of unauthorized wire transfers from customers’ accounts.

Does Not Compute: DOL Continues To Paint Rosy Jobless Claims Picture As Challenger Sees "Surge" In Unemployment

Submitted by Tyler Durden on 10/01/2015 - 08:43 Does not compute. That may be the best way to summarize the discrepancy between the statistically-massaged, seasonally-adjusted initial claims data reported by the DOL, and what Challenger reported just an hour earlier when it said that U.S.-based employers announced plans to shed 58,877 in September, a 43 percent increase from the previous month. Worse, for 2015 YTD, employers have announced 493,431 planned layoffs, 36 percent more than the 363,408 cuts tracked from January through September a year ago. Someone is lying.

Major Hurricane Bears Down On Bahamas, May Make US Landfall By Sunday

Submitted by Tyler Durden on 10/01/2015 - 08:21

Second Massive Bomb Explosion Rocks Chinese City, Day After 17 Parcel Bomb Attacks Kill Seven

Submitted by Tyler Durden on 10/01/2015 - 08:05

USDJPY Tumbles, Drags Futures Lower, After BOJ Said To See "Little Immediate Need" For More QE

Submitted by Tyler Durden on 10/01/2015 - 07:36 BOJ IS SAID TO SEE LITTLE IMMEDIATE NEED FOR ADDING STIMULUS
BOJ OFFICIALS ARE SAID TO WANT CHANCE TO SEE MORE DATA

Frontrunning: October 1

Submitted by Tyler Durden on 10/01/2015 - 07:28

• After Rough Quarter, Investors Buckle Up (WSJ)
• From heroes to bystanders? Central banks' growth challenge (Reuters)
• Russian Airstrike in Syria Targeted CIA-Backed Rebels, U.S. Officials Say (WSJ)
• Kremlin says Syria air strikes target list of groups, not just Islamic State (Reuters)
• That’s information warfare? Russia accused of killing civilians in Syria (RT)
• Euro zone factory growth eases in August despite modest price rises (Reuters)
• How Glencore's Crazy Month Makes Greek Banks Look Tame (BBG)

Economics 101 Strikes Again As Wal-Mart Wage Hikes Prompt Breadwinner Layoffs At Headquarters

Submitted by Tyler Durden on 10/01/2015 - 07:06 "Please remember, these people are our neighbors and friends. You have a skill that will be very much in need when this goes down. You are experts in the job market and you know what it takes to get hired. This is a time for us to step up and do what we can to help."

Aggressive Power And Immoral Authority

from The Sleuth Journal:

Another sad chapter from a desperate imperial empire lays naked for the entire world to see. The pretense that an international community of nations has arbitrary authority to remove any government that conflicts with the master plan of total global enslavement exposes the utter failure of legitimacy. By what moral mandate do belligerent nations have to insight regime change, when the facts clearly demonstrate that conflicting tribal factions are engaged in a civil conflict?
The psychosis exhibited by the War Party and their allies for domination of world energy resources is at the core of a hostile and malevolent foreign policy. The drive to eliminate Muammar Gaddafi and colonize Libya’s oil into friendly corporatist hands is a game that is again, repeated under the guise of humanitarian intervention.
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World banking explained in less than 2 Minutes

from Nils Humano:

Big Business is Economic Cancer, Part II

by Jeff Nielson, Sprott Money:
Part I of this series ended with an example of what Big Business does best: corporate blackmail:
U.S. Steel Canada Inc. is threatening to cease operations in Canada by the end of the year if an Ontario Superior Court judge rejects its request to stop paying municipal taxes, halt payments into pension funds, and cut off health care and other benefits to 20,000 retirees and their dependents. [emphasis mine]
Such corporate blackmail and welfare, in smaller and larger forms, occurs hundreds of times every year, across the Western world, with dozens if not hundreds of these corporate fronts robbing from our governments (and thus us). How did we ever get to this point?
Read More…

The Guerrilla Economist & Jeff Berwick — The Impending Financial Crisis, WWIII & Dead Bankers

from TheDollarVigilante:

Next Shoe to Drop on Stocks? Junk-Bond Meltdown Hits M&A

from Wolf Street:

It’s not like stocks need any additional problems. But they’re getting them.
On Monday, junk bonds suffered their worst sell-off since October 6, 2011, according to S&P Capital IQ LCD’s index of “high-yield flow names.” The index is comprised of large junk-rated companies, including Charter Communications, Chrysler, Dish Network, Dollar Tree, First Data, Reynolds Group, Rite Aid, Sprint, and Valeant Pharmaceuticals.
The average bid plunged 246 basis points from 94.44 cents on the dollar to 91.98. The worst plunge and the worst level since that infamous October 6, 2011, when a flare-up of the euro debt crisis wreaked havoc in the global markets. The average yield jumped to 8.62%. Almost all of the components of the index were in the red. LCD:
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Hillary Just Suffered A Huge Unexpected Campaign Blow, And Trump Could Get A Big Win From It

from Western Journalism:

In a stunning move, the Teamsters Union wants to meet with Donald Trump before endorsing Hillary Clinton for president. The move is uncharacteristic of the Teamsters Union, which has historically endorsed Democrat Party nominees.
The union backs up their endorsements with millions of dollars of contributions to Democrats each year. In 2014, their budget for Democrats, Democrat Pacs, and Democrat candidates exceeded 3.6 million dollars.
The largest recipient of their political contributions is the Senate Majority PAC, whose purpose statementreads “Senate Majority PAC is fighting to take back the Democratic majority in the U.S. Senate.” That’s what makes the union’s desire to meet with Trump perplexing.
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9.6 TONNES STANDING FOR OCT DELIVERY AND ONLY 5.04 TONNES OF REGISTERED GOLD

by Harvey Organ, HarveyOrganblog:
Good evening Ladies and Gentlemen:
Here are the following closes for gold and silver today:
Gold: $1115.50 down $11.60 (comex closing time)
Silver $14.51 down 5 cents.
In the access market 5:15 pm
Gold $1127.50
Silver: $14.66
I wrote the following last Thursday:
“On the 24th of September, the comex options expired but we still have the LBMA options as well as the OTC options. Expect gold and silver to be relatively subdued until Oct 1.2015.”
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