Submitted by Tyler Durden on 03/19/2016 - 09:39
A Boeing 737-800 operated by Dubai-based budget carrier Flydubai, flying from Dubai to Russia, crashed yesterday at 0340 local time (0040 GMT) on its second attempt to land at Rostov-on-Don airport on Saturday, Russian officials said. All 62 people on board, most of whom were Russian. were killed. "The aircraft hit the ground and broke into pieces," the Investigative Committee of Russia said in a statement on its website.
Buyback Blackout Period Starts Monday: Is This The Catalyst That Ends The S&P Rally?
Submitted by Tyler Durden on 03/19/2016 - 12:41 "Buyback blackout period starts Monday. An increasing number of S&P 500 companies will enter into their blackout period starting next week, about a month before the earnings season kicks into high gear in the third week of April." This is taking place as institutional clients have been aggressively dumping stocks for the past seven weeks, while corporations have been soaking up all this liquidating activity. Should the selling continue for yet another week, who will soak up the selling this time?Many of the exact same groups that participated in Occupy Wall Street and helped organize protest rallies in Ferguson and Baltimore are now promising to bring us “the largest civil disobedience actions in a generation”. I recently wrote about the trouble that radical leftists have caused by attempting to disrupt Trump campaign events, but now there is a very organized effort to turn this into a national movement. On March 19th, thousands of angry protesters will descend on Trump Tower in New York City to denounce Donald Trump’s “fascist policies”, and on April 2nd dozens of leftist organizations will join together to launch “Democracy Spring” in Philadelphia. From there, large numbers of liberal activists will march to Washington D.C. where they will “risk arrest” during a “peaceful” sit-in at the U.S. Capitol from April 11th to April 18th. If the radical left is this freaked out about Donald Trump now, how bad will things get if he actually becomes the Republican nominee?
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from Washington’s Blog:
Trump and Sanders have whipped up a lot of popular support by opposing “free trade” agreements.
But it’s not just politics and populist sentiment … mainstream economists are starting to reconsider their blind adherence to the dogma that more globalization and bigger free trade agreement are always good.
UC Berkeley Economics professor Robert Reich – Bill Clinton’s Secretary of Labor – wrote last month:
Suppose that by enacting a particular law we’d increase the U.S. Gross Domestic Product. But almost all that growth would go to the richest 1 percent.
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Trump and Sanders have whipped up a lot of popular support by opposing “free trade” agreements.
But it’s not just politics and populist sentiment … mainstream economists are starting to reconsider their blind adherence to the dogma that more globalization and bigger free trade agreement are always good.
UC Berkeley Economics professor Robert Reich – Bill Clinton’s Secretary of Labor – wrote last month:
Suppose that by enacting a particular law we’d increase the U.S. Gross Domestic Product. But almost all that growth would go to the richest 1 percent.
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from Liberty Blitzkrieg:
The Associated Press reports:
The Associated Press reports:
WASHINGTON (AP) — The Obama
administration set a record for the number of times its federal
employees told disappointed citizens, journalists and others that
despite searching they couldn’t find a single page requested under the
Freedom of Information Act, according to a new Associated Press analysis
of government data.
In more than one in six cases, or 129,825 times, government searchers said they came up empty-handed last year.
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from Sovereign Man:
Last year, amid all the madness in financial markets, financial historian and strategist Russell Napier joked about creating a “European high-yield capital guarantee fund.”
His “high-yield” fund was nothing more than a secure room filled with physical cash, and a guy standing outside with a gun to guard it.
As jokes tend to be, this was a sad reflection on reality.
Though physical cash bears no interest, it is considered “high yield” compared to bank balances and government bonds that carry negative rates.
Napier’s joke is now coming true.
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Last year, amid all the madness in financial markets, financial historian and strategist Russell Napier joked about creating a “European high-yield capital guarantee fund.”
His “high-yield” fund was nothing more than a secure room filled with physical cash, and a guy standing outside with a gun to guard it.
As jokes tend to be, this was a sad reflection on reality.
Though physical cash bears no interest, it is considered “high yield” compared to bank balances and government bonds that carry negative rates.
Napier’s joke is now coming true.
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This Is How Venezuela Exported 12.5 Tonnes Of Gold To Switzerland On March 8, 2016 Via Paris
Submitted by Tyler Durden on 03/19/2016 - 11:43 Approximately 50 tonnes of BCV gold has been exported from Venezuela to Switzerland within the first 10 weeks of 2016. How much longer can this outflow continue? This gold is being exported by the BCV in order to participate in swaps (or maybe even outright sales) in order to provide external financing to the Venezuelan Government. The fact that the gold is being picked up by Brinks Switzerland suggests it is being brought to a Swiss gold refinery. The main reason gold is sent to Switzerland is so that it can be refined or recast.Goldman Throws Up On Global Easing Party, Warns US Economy Close To Overheating
Submitted by Tyler Durden on 03/19/2016 - 11:01 "One interpretation of the recent moves by the major central banks is that they represent a coordinated attempt to ease global financial conditions while avoiding upward pressure on the US dollar," Goldman writes. Yellen, the bank says, was more than happy to participate - this time. But as the US economy hits full employment, the Fed's calculus will change. Then come the hikes. Or so says the Squid.I could have sworn he said " Are we sure he's not a Moron"...
"Are We Sure He's A Mormon?": Trump Questions "Choke Artist" Romney's Religious Credentials In Utah Rally
Submitted by Tyler Durden on 03/19/2016 - 10:08 Behold, a Trump syllogism: Trump "loves" Mormons; Trump doesn't love Mitt Romney; Romney might not be a Mormon.
by Mac Slavo, SHTFPlan:
The Donald has completely taken over the news cycle.
His path of victory after victory in GOP primary states has the establishment freaking out, and every major media outlet scrambling for a way to stop Trump, or at least to damage his reputation.
But why is he being compared to Hitler and inducing aneurysms among the political elite?
Obviously it isn’t the name-calling or fiery rhetoric that has the system’s minions losing sleep and openly-plotting his demise.
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The Donald has completely taken over the news cycle.
His path of victory after victory in GOP primary states has the establishment freaking out, and every major media outlet scrambling for a way to stop Trump, or at least to damage his reputation.
But why is he being compared to Hitler and inducing aneurysms among the political elite?
Obviously it isn’t the name-calling or fiery rhetoric that has the system’s minions losing sleep and openly-plotting his demise.
Read More
Bundesbank President: "Helicopter Money Isn’t Manna Falling From Heaven"
Submitted by Tyler Durden on 03/19/2016 - 09:44 "Helicopter money isn’t manna falling from heaven, but would rip huge holes in central bank balance sheets," Weidmann, who heads Germany’s Bundesbank, said, “The euro area states and taxpayers would pay the bill in the end.... Monetary policy is not a panacea, doesn’t replace the necessary reforms in individual countries and won’t solve all of Europe’s growth problems.”
from Wolf Street:
Wall Street’s “Smart Money” with impeccable timing.
This had to happen. Now we’re getting reports that in the Hamptons, on Long Island’s east end, where Wall Street’s richest hobnob over the summer, home prices at the very top, after a phenomenal boom, are getting crushed.
What’s getting blamed? The crummy performance of the markets last year.
The average price in 2015 of the ten most expensive homes sold in the area has crashed 20% from a year earlier – to a measly $35.5 million.
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Wall Street’s “Smart Money” with impeccable timing.
This had to happen. Now we’re getting reports that in the Hamptons, on Long Island’s east end, where Wall Street’s richest hobnob over the summer, home prices at the very top, after a phenomenal boom, are getting crushed.
What’s getting blamed? The crummy performance of the markets last year.
The average price in 2015 of the ten most expensive homes sold in the area has crashed 20% from a year earlier – to a measly $35.5 million.
Read More
Deadly Blast Rips Through Turkey's Most Popular Tourist Street, CCTV Footage Captures Blast
Submitted by Tyler Durden on 03/19/2016 - 08:31 For the fourth time this year and the second time in seven days, one of Turkey’s major cities has been hit with a deadly suicide bombing. Just six days after an explosion ripped through a transit hub in Ankara’s Kizilay neighborhood killing 34 people and wounding more than 100, a bustling shopping street in Istanbul was shaken by a powerful blast on Saturday.Marc Faber: "I Will Vote For Trump, Because Hillary Will Destroy The Whole World"
Submitted by Tyler Durden on 03/18/2016 - 22:30 "Given the alternatives, I would vote for Mr. Trump, because he may only destroy the U.S. economy, but Hillary Clinton will destroy the whole world."The Government Actually Has A Zombie Apocalypse Plan - And It's Just Been Declassified
Submitted by Tyler Durden on 03/18/2016 - 22:00 A few years ago, the Center for Disease Control launched a zombie preparedness initiative that drew significant attention. The Department of Defense followed suit and developed an entire training course intended for the Joint Operational Planning and Execution System (JOPES). The complete response plan, called CONPLAN888, was recently declassified, and it’s just as weird and creepy as you might imagine./
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