Submitted by Tyler Durden on 03/17/2016 - 13:01
On Wednesday evening, it all fell apart in Brazil when the judge spearheading government corruption probes released wiretaps which seem to prove that Dilma Rousseff indeed appointed former President Lula to chief of staff in order to shield him from prosecution. When the tapes were released, Congress broke into a shouting match and Brazilians poured into the streets in 17 of 26 states calling for an overthrow of the government.
Venezuela Runs Out Of Electricity, Will Shut Down For A Week, El Nino Blamed
Submitted by Tyler Durden on 03/17/2016 - 13:41 Well, Venezuela is out of elecricity - again. The Guri Dam, which provides some two thirds of the country's power, is at "critical levels." Thankfully, Nicolas Maduro has prepared some "measures."
Will The Fed Follow The BoJ Down The NIRP Rabbit Hole?
Submitted by Tyler Durden on 03/17/2016 - 14:25 At this point, one wonders why any central banker would chase down the NIRP rabbit hole only to find themselves the protagonist in the latest retelling of "Krugman in Wonderland," but alas, the experiment continues. The only question now is this: will the FOMC take the plunge? Here's a chronological list of Fed NIRP commentary.
The Dream Is Over - Baltic Dry Bounce Ends
Submitted by Tyler Durden on 03/17/2016 - 14:40 Despite its 98% crash from 2008 highs, and its plunge to record (35 year-plus) lows, the recent rally (off sub-300 lows) sparked a wave of exuberance with such luminaries as Jim Cramer proclaiming this a sign that everything is fixed again in China. Having risen non-stop since Feb 10th, coincidentally the same time that the entire world suddenly and unexplainedly went full risk-on short-squeeze buy-buy-buy, The Baltic Dry Index dropped today - which should not surprise many as China's Containerized Freight Index crashes to record lows...
by Justin Spittler, Casey Research.com:
Regular readers know why I believe the gold price is poised to move
from its current level of $1,250 per ounce to $1,500…$2,000…and
eventually past $3,000.
Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and we’re going into its trailing edge. It’s going to be much more severe, different, and longer lasting than what we saw in 2008 and 2009.
In a desperate attempt to stave off a day of financial reckoning during the 2008 financial crisis, global central banks began printing trillions of new currency units. The printing continues to this day.
Read More…
Regular readers know why I believe the gold price is poised to move
from its current level of $1,250 per ounce to $1,500…$2,000…and
eventually past $3,000.Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and we’re going into its trailing edge. It’s going to be much more severe, different, and longer lasting than what we saw in 2008 and 2009.
In a desperate attempt to stave off a day of financial reckoning during the 2008 financial crisis, global central banks began printing trillions of new currency units. The printing continues to this day.
Read More…
by Dave Hodges, The Common Sense Show:
UWEX 16 will dominate our headlines come mid-November, at the latest. To some extent, the GOP Primary, as important as it is, is serving as a distraction for a much serious situation that is unfolding in Texas. It involves preparations for mass FEMA camp incarcerations, the use of slave labor in the camps and the engagement of rogue American military units identified as hostile by this current administration.
Very Few Are Paying Attention
This is the story that will get no traction. Last fall, I wrote about Jade Helm 16 and how it was going to be a more dire continuation of Jade Helm 15. In late January/early February of 2016, I wrote with great specificity regarding emerging details of Jade Helm 16, now known as Unconventional Warfare Exercise 16 (UWEX 16)-(aka Jade Helm 16). Very few took notice.
Read More
UWEX 16 will dominate our headlines come mid-November, at the latest. To some extent, the GOP Primary, as important as it is, is serving as a distraction for a much serious situation that is unfolding in Texas. It involves preparations for mass FEMA camp incarcerations, the use of slave labor in the camps and the engagement of rogue American military units identified as hostile by this current administration.
Very Few Are Paying Attention
This is the story that will get no traction. Last fall, I wrote about Jade Helm 16 and how it was going to be a more dire continuation of Jade Helm 15. In late January/early February of 2016, I wrote with great specificity regarding emerging details of Jade Helm 16, now known as Unconventional Warfare Exercise 16 (UWEX 16)-(aka Jade Helm 16). Very few took notice.
Read More
by Jeff Nielson, Sprott Money:
“Statistics can be used to say anything.”
Many readers are familiar with this cliché, but few understand its real significance . Numbers don’t lie, meaning the raw data which we collect on a nearly infinite number of subjects. Statistics, on the other hand, are rarely just raw data. Instead, they are numbers that have been massaged (i.e. manipulated) with various adjustments.
Deception and deceit enters into the picture when our governments (and charlatan economists ) create their statistics, and do so by making adjustments which are completely indefensible from an analytical standpoint. These adjustments don’t improve upon the raw data in terms of adding clarity, but rather they pervert the data into numbers which cease to have any resemblance to the real world.
Read More…
S&P Turns Green For 2016 As "Average" Stock Reaches Key Technical Resistance
Submitted by Tyler Durden on 03/17/2016 - 14:10 On the heels of Trannies and The Dow, The S&P 500 just crossed into green for the first time in 2016. This technical melt-up occurs as the "average" stock reaches a key intersection of recent trendlines...
S&P Adds Insult To Bill Ackman's Injury, Puts Pershing Square Holdings On Downgrade Watch
Submitted by Tyler Durden on 03/17/2016 - 14:05 As if the historic collapse of Valeant and his hedge fund crashing by 26% YTD was not enough, moments ago S&P added insult to injury when it warned it may downgrade Pershing Square, because "Pershing Square Holdings' net asset value has dropped substantially, largely because of a precipitous decline in the market value of Valeant Pharmaceuticals" and "as a result, Pershing Square's debt-to-total assets ratio increased to above 20% as of March 15, 2016, from 15% at the end of October 2015. We are placing our 'BBB' issuer credit and senior unsecured debt ratings on the company on CreditWatch with negative implications.""Wrong Way Gartman"
Bad News For The Bears: Gartman Will Be Long VIX Until The S&P Hits 2,118
"We “punted” on the short side of the equity market, but this time doing so by buying volatility; that is, we bought the VXX volatility index ETF listed on the NYSE upon the market’s opening. We’re giving this a rather wide birth and are willing to allow the equity market to move 5% against us before exiting the trade and that means a move by the S&P to and through 2118" - Dennis Gartman
I want to start this analysis by stating that I fully understand the whirlwind of public interest in Donald Trump’s campaign. However, for those that don’t get it, let me break it down for you.
A sizable portion of the American population considers themselves “conservative.” More than 38% of U.S. citizens, according to Gallup, hold conservative political and social views. Only 24% of the public considers themselves “liberal.” Now, I realize that the term “conservative” means different things to different people, so I would apply a simple rule to categorize them — a conservative is easiest to identify by his or her distaste for normally liberal ideological views. Beyond that, different factions of conservatives disagree on a whole host of issues.
Read More
from The Burning Platform:
This is an interesting piece that came up this morning:
Political parties, not voters, choose their presidential nominees, a Republican convention rules member told CNBC, a day after GOP front-runner Donald Trump rolled up more big primary victories.
“The media has created the perception that the voters choose the nomination. That’s the conflict here,” Curly Haugland, an unbound GOP delegate from North Dakota, told CNBC’s “Squawk Box” on Wednesday. He even questioned why primaries and caucuses are held.
Read More
This is an interesting piece that came up this morning:
Political parties, not voters, choose their presidential nominees, a Republican convention rules member told CNBC, a day after GOP front-runner Donald Trump rolled up more big primary victories.
“The media has created the perception that the voters choose the nomination. That’s the conflict here,” Curly Haugland, an unbound GOP delegate from North Dakota, told CNBC’s “Squawk Box” on Wednesday. He even questioned why primaries and caucuses are held.
Read More
by Stephen Lendman, The Sleuth Journal:
Disrupting popular movements in America (and elsewhere) using agent provocateurs is longstanding practice.
The FBI notoriously targets groups out of step with accepted establishment practices – infiltrating, disrupting, sabotaging and destroying their activism for ethnic justice, racial emancipation, as well as economic, social and political equality across gender and color lines.
Occupy Wall Street protests were systematically disrupted nationwide, undermining the campaign altogether. Efforts to re-jump-start it never gained traction.
Read More
Disrupting popular movements in America (and elsewhere) using agent provocateurs is longstanding practice.
The FBI notoriously targets groups out of step with accepted establishment practices – infiltrating, disrupting, sabotaging and destroying their activism for ethnic justice, racial emancipation, as well as economic, social and political equality across gender and color lines.
Occupy Wall Street protests were systematically disrupted nationwide, undermining the campaign altogether. Efforts to re-jump-start it never gained traction.
Read More
Stockman Slams "Simple Janet"'s Incoherent Babble
Submitted by Tyler Durden on 03/17/2016 - 12:40 We now have an absolutely clear idea of why the Fed is impaled on its own petard. At the end of the day, managed rates will prove to be the ultimate destroyer of capitalism. They transform financial markets from organizers and allocators of real capital and the savings of producers and workers into gambling casinos which fuel massive speculative bubbles.
Hacker Group "Anonymous" Releases Trump's Social Security, Phone Numbers
Anonymous has "a gift of sorts" for the American people...
China's Most Innovative Capital Outflow Yet: Bizarro M&A
Submitted by Tyler Durden on 03/17/2016 - 12:23 The scale of China's outbound investment wave is so great that the value of deals announced in the third quarter of 2015 exceeded China's current-account surplus for the same period, according to data compiled by Bloomberg. That trick will be repeated in the current quarter, unless China puts in its best current-account performance since 2008. What is going on here? The answer is quite simple: following Beijing's ramp up in capital outflows, China has found a new and innovative way to export funds offshore.
How To Escape The Purgatory Of Minimum Wage/Part-Time Jobs
Submitted by Tyler Durden on 03/17/2016 - 12:00 In the age of automation, what's scarce are problem-solving skills."The Free Shit Army" being armed by soros and the dnc???
Anti-Trump Groups Plot "Democracy Spring" - Largest Civil Disobedience Action Of The Century
Submitted by Tyler Durden on 03/17/2016 - 12:00 Following their apparently delusional belief in the "success" of Tuesday night's violent protests, anti-Trump groups are plotting "Democracy Spring" threatening "drama in Washington" with the "largest civil disobedience action of the century."
WTF Chart Of The Day: Dow Soars To 2016 Highs As Earnings Crash To 11-Month Lows
Submitted by Tyler Durden on 03/17/2016 - 11:39 For the first time in 2016, The Dow Jones Industrials Index is back to unchanged (17,424 vs 17,425 2015 close)... which makes perfect sense given that earnings expectations have crashed to 11-month lows...
Is This Why Yellen Went Full-Dove: U.S. Hiring Plunges Most Since November 2008
Submitted by Tyler Durden on 03/17/2016 - 11:22 One JOLTS data series that certainly caught Yellen's attention was the number of January "hires", because as shown in the chart below, with a print of 5,029K in January, this was a whopping 372K drop from the December 5,401K, which also happens to be the biggest single monthly drop in new hiring since November 2008!
Thursday Humor? Bank Of Japan Asks Banks 'What' Caused USDJPY Spike
Submitted by Tyler Durden on 03/17/2016 - 11:04 According to sources, Reuters reports that The Bank of Japan is asking market-participants about the cause of this morning's sudden 150 pip vertical rip in USDJPY. Hhmmm, we wonder? Given BoJ's "coincident" intervention in mid-Feb (marking the market bottom), we wonder who this mysterious knife-catcher is?
“We
have a problem with the media… The media has created the perception
that the voters will decide the nomination and that’s the conflict here.” – Curley Haugland, RNC Rules Committee Member, on CNBC
by Bill Holter, JS Mineset, SGT Report:
As a rule I try not to comment all that much on politics because it is
such a polarizing topic. No matter what I could say one way or the
other, “politics” will turn some normally placid folks into rabid
trolls. That said, what we are witnessing now has never happened before
in our lifetimes and is not even about the candidates …it is about the
survival of our Republic!
Immediately after turning on the business news this morning, I heard an interview of a Republican National Committee member talking about “rules”. I did not catch who it was but the essence of the interview was it did not matter who had the most votes or delegates …the Republican committee would choose “their candidate” if no one had the majority leading into the convention. He was questioned with “so the will of the people doesn’t matter”?
Read More…
by Bill Holter, JS Mineset, SGT Report:
As a rule I try not to comment all that much on politics because it is
such a polarizing topic. No matter what I could say one way or the
other, “politics” will turn some normally placid folks into rabid
trolls. That said, what we are witnessing now has never happened before
in our lifetimes and is not even about the candidates …it is about the
survival of our Republic!Immediately after turning on the business news this morning, I heard an interview of a Republican National Committee member talking about “rules”. I did not catch who it was but the essence of the interview was it did not matter who had the most votes or delegates …the Republican committee would choose “their candidate” if no one had the majority leading into the convention. He was questioned with “so the will of the people doesn’t matter”?
Read More…
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