In "Permazero", Fed's Bullard Admits US May Be Entering Permanent Period Of Lower Inflation And Interest Rates
The most important thing Bullard said in his speech titled "Permazero" is that the the US may be entering a permanent period of lower inflation and interest rates. Wait, wasn't ZIRP and QE supposed to push the US economy, boost inflation and hike rates? Good to know 7 years later that the biggest monetary experiment in history did precisely the opposite of what it was supposed to achieve.
Snowden Vindicated As Judge Slams "Unconstitutional, Orwellian" NSA Bulk Spying
"This court simply cannot, and will not, allow the government to trump the Constitution merely because it suits the exigencies of the moment,”
'Gold' Spikes Off 2015 Lows As Gold Coin Sales Surge To Highest Since Financial Crisis
With the 'paper' price of gold are a somewhat unprecedented barrage of selling currently (down 9 of the last 11 days) to 4-month lows, one could be forgiven for thinking that demand for the precious metal is dropping. However, as almost every nation in the world (ex US) is devaluing their currency, The World Gold Council reports that physical gold demand has risen dramatically with US gold Eagle coin sales at the highest levels since the financial crisis.
S&P 500 Tumbles Into Red For 2015, Breaks Key Technical Support
Bonds are back in town and stocks are tumbling. Dow Transports remain the worst performer of the major indices (down over 11% year-to-date), but, after the exuberance of October, November's reality of a tightening Fed has dragged first Small Caps, then The Dow, and now The S&P into negative territory for 2015. Only Nasdaq remains in the green (up a stunning and entirely unsustainable 10% YTD). The S&P 500 also broke below its 200-day moving average.
Rolls Royce Plunges On Bombshell Profit Warning, Dividend Review; Faces "Near Death Experience"
Rolls Royce just delivered a shocker of a profit warning as new CEO Warren East said the company will take a $990 million hit in 2016 attributable to "sharply lower" sales in the corporate jet space. The shares fell as much as 22% and CDS blew out to three-year wides.
Housing Bubble - Part Deux
The housing recovery without mortgage originations is coming to its inevitable conclusion.
How OPEC Just Crushed Oil With One Chart
S Just when you thought it couldn't get any worse - amid supply gluts, production surges, market share scrambles, and demand disappointment - it does. OPEC this morning confirmed not only no change in the already weak global demand picture but the current oil inventrory surplus is the largest in at least a decade. This has driven WTI prices down close to a $41 handle this morning (from over $48 a week ago) as simply put, there's too much oil and OPEC's grand strategy for solving this imbalance - pray for a colder winter...
Copper Plunges To Fresh 6 Years Low After Goldman Warns More Pain Ahead, Glencore Slides Back Under 100p
Submitted by Tyler Durden on 11/12/2015 - 08:10 Overnight Goldman released a report titled simply enough "Copper poised to move even lower" which confirmed everything we said a month ago when we warned that the latest "production cut" initiatives by Glencore would have absolutely no impact on the longer-term price dynamics of the metal which has achieved "doctor" status. We were right:COPPER FALLS 1.8% TO $4,856/TON, REACHING LOWEST SINCE 2009
Euro Crushed By Draghi's Latest "Whatever It Takes" Moment; Fed Speaker Barrage On Deck
The biggest event overnight came from Europe, where Draghi managed to once again jawbone the Euro lower by ober 50 pips when he told European lawmakers in a prepared testimony that downside economic risks are "clearly visible," repeating his October press conference statement, adding that the ECB will reexamine degree of accommodation in December as "inflation dynamics have somewhat weakened." And the statement that crushed the Euro: "If we were to conclude that our medium-term price stability objective is at risk, we would act by using all the instruments available within our mandate to ensure that an appropriate degree of monetary accommodation is maintained." I.e., another "whatever it takes" moment.
Four US Firms With $4.8 Billion In Debt Warned This Week They May Default Any Minute
The last 3 days have seen the biggest surge in US energy credit risk since December 2014, blasting back above 1000bps. This should not be a total surprise since underlying oil prices continue to languish in "not cash-flow positive" territory for many shale producers, but, as Bloomberg reports, the industry is bracing for a wave of failures as investors that were stung by bets on an improving market earlier this year try to stay away from the sector. "It’s been eerily silent," in energy credit markets, warns one bond manager, "no one is putting up new capital here."
Methods For Fighting Back Against Collectivist Tyranny
There is a driving desire among weaker-minded people to seek control over other people in the name of arbitrary standards of safety as well as arbitrary standards of “civil” conformity. While such people proclaim publicly that they do what they do for the “greater good,” in reality they seek only to satiate a private lust for power. Any fight for freedom from collectivists will require the removal of command and control. This is the only way that humanity can be given breathing room to rebuild without remaining under constant preplanned threat.
Visualizing The Worst US/NATO Collateral Damage Disasters In History
In the wake of the MSF bombing in Kunduz, we present the following infographic which details the worst instances of “collateral damage” from US/NATO military operations throughout history.
Is It Time To Renounce U.S. Citizenship While You Still Can?
The number of people abandoning the “greatest country in the world” just hit a record high... Unthinking Americans are puzzled when they read about the increasing number of people renouncing their citizenship, but as one consultant who really gave up his citizenship warned "the U.S. government is placing an increasing number of hurdles on Americans who want to renounce their citizenship. So he thought it was time to do just that."
by Terence P. Jeffrey, CNS News:
Four of the nine justices currently sitting on the Supreme Court will
be at least 82 years old by the time the next presidential term ends on
Jan. 20, 2021, according to the birthdays published in their biographies on the Supreme Court website.
Justice Ruth Bader Ginsburg, the oldest justice, was born in 1933 and is now 82 years old. On inauguration day in 2021, she will be 87.
Justices Antonin Scalia and Anthony Kennedy, both born in 1936, will be 84—or two years older than Ginsburg is now—on inauguration day in 2021.
Read More…
Four of the nine justices currently sitting on the Supreme Court will
be at least 82 years old by the time the next presidential term ends on
Jan. 20, 2021, according to the birthdays published in their biographies on the Supreme Court website.
Justice Ruth Bader Ginsburg, the oldest justice, was born in 1933 and is now 82 years old. On inauguration day in 2021, she will be 87.
Justices Antonin Scalia and Anthony Kennedy, both born in 1936, will be 84—or two years older than Ginsburg is now—on inauguration day in 2021.
Read More…
by Michael Snyder, The Economic Collapse Blog:
So many of the exact same patterns that we witnessed just before the stock market crash of 2008 are playing out once again right before our eyes. Most of the time, a stock market crash doesn’t just come out of nowhere. Normally there are specific leading indicators that we can look for that will tell us if major trouble is on the horizon. One of these leading indicators is the junk bond market. Right now, a closely watched high yield bond ETF known as JNK is sitting at 35.77. If it falls below 35, that will be a major red flag, and it will be the first time that it has done so since 2009. As you can see from this chart, JNK started crashing in June and July of 2008 – well before equities started crashing later that year. A crash in junk bonds almost always precedes a major crash in stocks, and so this is something that I am watching carefully.
Read More…
So many of the exact same patterns that we witnessed just before the stock market crash of 2008 are playing out once again right before our eyes. Most of the time, a stock market crash doesn’t just come out of nowhere. Normally there are specific leading indicators that we can look for that will tell us if major trouble is on the horizon. One of these leading indicators is the junk bond market. Right now, a closely watched high yield bond ETF known as JNK is sitting at 35.77. If it falls below 35, that will be a major red flag, and it will be the first time that it has done so since 2009. As you can see from this chart, JNK started crashing in June and July of 2008 – well before equities started crashing later that year. A crash in junk bonds almost always precedes a major crash in stocks, and so this is something that I am watching carefully.
Read More…
by J. D. Heyes, Natural News:
The protests and demonstrations currently taking place on the campus of
the formerly sedate University of Missouri are rife with hypocrisy and
irony for any fair-minded person who wishes to take a serious look at
what’s actually going on.
In the 1950s and 1960s, African Americans would have loved to have had fair-minded coverage of their struggle for civil rights during what became one of the most tumultuous periods in U.S. history since the end of the Civil War.
Today, however, on the campus of MU, they are joining Left-wing radicals who are part of the university in chasing the media away, and resorting to force if necessary – because suddenly, the media doesn’t make them feel “safe.”
Read More
The protests and demonstrations currently taking place on the campus of
the formerly sedate University of Missouri are rife with hypocrisy and
irony for any fair-minded person who wishes to take a serious look at
what’s actually going on.In the 1950s and 1960s, African Americans would have loved to have had fair-minded coverage of their struggle for civil rights during what became one of the most tumultuous periods in U.S. history since the end of the Civil War.
Today, however, on the campus of MU, they are joining Left-wing radicals who are part of the university in chasing the media away, and resorting to force if necessary – because suddenly, the media doesn’t make them feel “safe.”
Read More
by Brandon Turbeville, Activist Post:
According to a flurry of reports appearing in the mainstream and independent media, Israel has struck inside Syria once again, this time near the international airport in Damascus.
At this time, it remains unclear what the target of the attacks might have been – Syrian military installations, weapons depots, civilians/civilian infrastructure, or something else entirely. It also remains to be confirmed than an attack actually took place.
There have been no immediate comments from the Syrian government as of this time.
There is also the distinct possibility that this attack never actually took place since this writer could find no actual mention of the “Syrian media reports” cited in the flurry of international press accounts at the time of the writing of this article. Indeed, the “Syrian media reports” cited actually come from Israeli media who have cited only a “Facebook page associated with the regime.”
Read More
According to a flurry of reports appearing in the mainstream and independent media, Israel has struck inside Syria once again, this time near the international airport in Damascus.At this time, it remains unclear what the target of the attacks might have been – Syrian military installations, weapons depots, civilians/civilian infrastructure, or something else entirely. It also remains to be confirmed than an attack actually took place.
There have been no immediate comments from the Syrian government as of this time.
There is also the distinct possibility that this attack never actually took place since this writer could find no actual mention of the “Syrian media reports” cited in the flurry of international press accounts at the time of the writing of this article. Indeed, the “Syrian media reports” cited actually come from Israeli media who have cited only a “Facebook page associated with the regime.”
Read More
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