Submitted by Tyler Durden on 03/11/2016 - 20:34
It's Not Just The Republican Party; The Corrupt, Cronyist Democratic Party Is Imploding Too
Submitted by Tyler Durden on 03/11/2016 - 18:00 The protected classes love the Status Quo, because it exists to protect their privileges. The unprotected classes loathe the Status Quo for the same reason. Anyone who thinks the Democratic Party isn't imploding for the exact same reasons the Republican party is imploding is purposefully ignoring reality - a reality that threaten the protected classes' lock on wealth and power.
Democracy, Be Damned - The "Sea Island" Conspiracy Reveals The Deep State
Submitted by Tyler Durden on 03/11/2016 - 22:00 What we see at Sea Island is that, despite all their babble about bringing the blessings of “democracy” to the world’s benighted, AEI, Neocon Central, believes less in democracy than in perpetual control of the American nation by the ruling Beltway elites. If an outsider like Trump imperils that control, democracy be damned. The elites will come together to bring him down, because, behind party ties, they are soul brothers in the pursuit of power.
What The Average Zhou Thinks Of China's Housing Bubble: "Only After War Breaks Out, We'll Be Able To Afford It"
Submitted by Tyler Durden on 03/11/2016 - 21:30 "[the empty homes] belong to the real estate speculators, the hoarders and the corrupt officials... It's just a game for the rich! Beijing isn't a livable city at all. The price makes it off-limits. It’s also a food chain: Only the richest and most capable people can live here... The housing market is part of the bubble economy. In 5 years or so, after a war has broken out, then the middle class will be able to afford a home."
FBI Morale "Very Good" As 'Immune' Hillary IT-Staffer Reportedly A "Devastating Witness"
Submitted by Tyler Durden on 03/11/2016 - 21:00 "Bryan Pagliano is a devastating witness and, as the webmaster, knows exactly who had access to [Clinton's] computer and devices at specific times. His importance to this case cannot be over-emphasized..." according to an intelligence source.
Fukushima Five Years Later: "The Fuel Rods Melted Through Containment And Nobody Knows Where They Are Now"
Submitted by Tyler Durden on 03/11/2016 - 20:27 :The fuel rods melted through their containment vessels in the reactors, and no one knows exactly where they are now... Tepco has been developing robots, which can swim under water and negotiate obstacles in damaged tunnels and piping to search for the melted fuel rods. But as soon as they get close to the reactors, the radiation destroys their wiring and renders them useless."
Meanwhile, In Front Of A Trump Rally In St. Louis
"literally the longest line I've ever seen..."
Two Charts To Consider Before The Monday Open
What happens next?
Hillary On Life Under President Trump: "I Will Not Move To Canada"
Submitted by Tyler Durden on 03/11/2016 - 19:30 While Google searches for "how can i move to Canada" are surging, there is one American that will not be leaving the nation when (or if) Donald Trump is crowned President. Speaking to MSNBC's Rachel Maddow, Hillary Clinton said if The Donald was elected, "I would never leave our country, but I would certainly be spending a lot of time yelling at the TV set."
Why Negative Rates Can't Stop the Coming Depression
Submitted by Tyler Durden on 03/11/2016 - 19:00 The logic of lowering rates below zero is so boneheaded that only a PhD could believe it. It’s all relative, you see. It’s like standing on a train platform. The train next to you backs up…and you feel you’re moving ahead. Negative interest rates are like backing up. They give borrowers the illusion of forward motion... even if the economy is standing still.
Why Companies Don't Want You To Look At GAAP Earnings
Submitted by Tyler Durden on 03/11/2016 - 18:27 "For FY 2015, the 20 companies in the DJIA that reported non-GAAP EPS reported an average year-over-year decline in non-GAAP EPS of -4.8%. These same 20 companies reported an average year-over-year decline in GAAP EPS of -12.3%." - FactSet
Everything Was Working Great... And Then Today's ECB Blog Post Left JPMorgan "Dazed And Confused"
Submitted by Tyler Durden on 03/11/2016 - 17:27 "... this leaves us thoroughly confused. We had thought that the ECB was turning away from further moves into negative territory because of the impact on bank profitability and, hence, on credit availability. Constancio appears to say this is not the key reason. It is disappointing to us to see the ECB without a clear and convincing explanation for why it perceives a bound on rates at -0.4% at this point."Draghi-Dip-Buyers Send Stocks, Crude To 2016 Highs; Gold Slammed
Submitted by Tyler Durden on 03/11/2016 - 17:01
Pentagon Admits It 'Kinda Sorta' Deployed Spy Drones Over America
Submitted by Tyler Durden on 03/11/2016 - 17:00 In what will likely not surprise too many, The Pentagon has admitted it has deployed drones to spy over U.S. territory for non-military missions over the past decade. Confirming yet another conspiracy theory is conspiracy fact, FBI director Robert Mueller testified before Congress that the bureau employed spy drones to aid investigations, but in a "very,very minimal way, very seldom." The report concludes, "the appetite to use spy drones in the domestic environment to collect airborne imagery continues to grow."Weekend Reading: The Bull/Bear Struggle Continues
Submitted by Tyler Durden on 03/11/2016 - 16:30 The standoff between the “bulls” and “bears” continued this week as prices struggled to rise. The “bulls” continue to “hope” that the recent turmoil that started at the beginning of this year has come to an end. The “bears” continue to point out silly things like an ongoing earnings recession, weakening economic data, and deteriora
"Stay Angry My Friends"
Submitted by Tyler Durden on 03/11/2016 - 15:50 We love the smell of change in the morning...
What Does Nasdaq Know?
Submitted by Tyler Durden on 03/11/2016 - 15:30 Nasdaq risk is dramatically higher than S&P risk at current levels. Despite the exuberant ramp of the last few weeks, the ratio of Nasdaq VIX to S&P VIX is at its highest in over 6 months. This is worrisome since the last time Nasdaq traders were this much more concerned about future risk than S&P traders, was right before the August flash-crash collapse...
A Top Performing Hedge Fund Just Went Record Short: Here's Why
Submitted by Tyler Durden on 03/11/2016 - 15:15 What remains most remarakable about Horseman Capital is that even as it modestly boosted its gross exposure to 59%, as of February the fund's net short exposure has risen from what was a previous record of 76%, to a whopping -88%, an unprecedented record even for one of the world's most bearish hedge funds!
Why Bond Traders Have No Idea What's Going On
Submitted by Tyler Durden on 03/11/2016 - 15:10 "...markets have essentially lost confidence in the ability for central banks to stoke growth and inflation... we see very few reasons to be excited by today’s action or any development since the February 11th market lows."
Now 2010 Is All That Matters
Submitted by Tyler Durden on 03/11/2016 - 14:45 BofAML's Stephen Suttmeier views the 61.8% retracement of the May-Feb decline at 2010.72 as critically important. A failure to close above this retracement would send a bearish message, especially given negatively positioned and falling 100 and 200-day moving averages.
Canadian Housing & Mortgage Investment Corporations – Time To Worry?
Submitted by Tyler Durden on 03/11/2016 - 14:20 Canada is vulnerable because its households are heavily indebted and its housing market is overheated. The CMHC just released its quarterly Housing Market Assessment report, which found the following among its conclusions: “Overvaluation and overbuilding are the most prevalent problematic conditions observed across the 15 centres covered by the HMA. Overvaluation is detected in 8 centres while overbuilding is detected in 7”.
Obama To Push Passage Of TPP Trade Deal Despite Rising Public Opposition
Submitted by Tyler Durden on 03/11/2016 - 13:30 Public opposition to the sovereignty killing corporate giveaway marketed as a free trade deal known as the Trans Pacific Partnership (TPP) has become so widespread that all the leading candidates for the U.S. Presidency are publicly against it. Essentially, the more time the American public has to learn about this scam, the more they are against it. Which is precisely why the Obama administration wants to push it through as quickly as possible.
by Egon Von greyerz, GoldBroker:
Gold is in a hurry and is unlikely to wait for investors to acquire it
at anywhere near these prices. We could now see a quick move to $1,400
and if gold doesn’t stay too long at that level, the acceleration is
likely to continue towards the previous high of $1,900.
DESPERATE MEASURES BY THE ECB
The ECB confirmed yesterday that they are extremely concerned about the European economy as well as the fragile banking system. They lowered the negative rate to 0.4% and increased Q.E. or money printing by more than the market expected. I am quite certain that this is still just the beginning of the stimulus required to “save” Europe. But however many trillions that Draghi throws at the bankrupt banks and European economies it will make no difference. It is just not possible to solve a problem by the same means that caused it in the first place. So adding debt to excessive debt will just make the final collapse that much bigger.
Read More
Gold is in a hurry and is unlikely to wait for investors to acquire it
at anywhere near these prices. We could now see a quick move to $1,400
and if gold doesn’t stay too long at that level, the acceleration is
likely to continue towards the previous high of $1,900.DESPERATE MEASURES BY THE ECB
The ECB confirmed yesterday that they are extremely concerned about the European economy as well as the fragile banking system. They lowered the negative rate to 0.4% and increased Q.E. or money printing by more than the market expected. I am quite certain that this is still just the beginning of the stimulus required to “save” Europe. But however many trillions that Draghi throws at the bankrupt banks and European economies it will make no difference. It is just not possible to solve a problem by the same means that caused it in the first place. So adding debt to excessive debt will just make the final collapse that much bigger.
Read More
A
word of caution to today’s monetary policymakers: even seemingly modest
modifications can have profound, unforeseen consequences
by Stephen Mihm, Live Mint:
In
1929, when the US and every other major nation pegged their currencies
to gold, China alone operated under a silver standard in which the
currency was pegged to a specific weight of that metal.
China’s devaluation of the yuan (in August 2015) surprised many market observers. The yuan, which is pegged to the dollar, had been rising in tandem with the US currency—in part because of expectations the Federal Reserve will increase interest rates soon. With China’s economy slowing, currency markets were pressing for the yuan to depreciate, and the Chinese government, seeking to boost competitiveness in export markets, gave in to the pressure and moved the peg.
This isn’t the first time the two countries’ monetary policies have been closely intertwined. In the Great Depression, China found itself vulnerable to the price of silver, thanks to the misguided moves of US policymakers.
Read More
by Stephen Mihm, Live Mint:
In
1929, when the US and every other major nation pegged their currencies
to gold, China alone operated under a silver standard in which the
currency was pegged to a specific weight of that metal.China’s devaluation of the yuan (in August 2015) surprised many market observers. The yuan, which is pegged to the dollar, had been rising in tandem with the US currency—in part because of expectations the Federal Reserve will increase interest rates soon. With China’s economy slowing, currency markets were pressing for the yuan to depreciate, and the Chinese government, seeking to boost competitiveness in export markets, gave in to the pressure and moved the peg.
This isn’t the first time the two countries’ monetary policies have been closely intertwined. In the Great Depression, China found itself vulnerable to the price of silver, thanks to the misguided moves of US policymakers.
Read More
by Jeff Berwick, Dollar Vigilante:
Did you know that Thursday was one of the most critical market days in
recent memory, one that should be internalized by gold bulls, currency
traders and equity investors alike.
It was the day the latest central banking “bait and switch” died.
What did we learn? The dollar is done tightening in any meaningful way. And the euro is done loosening.
In the past, we’d been told the opposite. The Fed was tightening and the euro was loosening.
Read More
Did you know that Thursday was one of the most critical market days in
recent memory, one that should be internalized by gold bulls, currency
traders and equity investors alike.It was the day the latest central banking “bait and switch” died.
What did we learn? The dollar is done tightening in any meaningful way. And the euro is done loosening.
In the past, we’d been told the opposite. The Fed was tightening and the euro was loosening.
Read More
by Harold Shaw, Natural News:
Everyone
says you are what you eat, but, for some reason, the majority of the
world’s population seems completely oblivious to this fact. Yet pure
science and simple experiments have managed to definitively prove what
naturopaths have been saying for centuries: What you eat changes you,
down to your very DNA. As it turns out, our diet can influence what
genes are more active or suppressed. Basically, it can determine whether
genes associated with conditions like obesity, type 2 diabetes or heart
disease are hyperactive or functioning within parameters.
It’s particularly easy to ignore that our diets directly affect our health when the foods around us taste so good. General practitioners who don’t take food into consideration when treating their patients certainly don’t make it any easier. In this context, new studies that point to the relevance of food in connection to our DNA are an essential step forward.
Read More
Everyone
says you are what you eat, but, for some reason, the majority of the
world’s population seems completely oblivious to this fact. Yet pure
science and simple experiments have managed to definitively prove what
naturopaths have been saying for centuries: What you eat changes you,
down to your very DNA. As it turns out, our diet can influence what
genes are more active or suppressed. Basically, it can determine whether
genes associated with conditions like obesity, type 2 diabetes or heart
disease are hyperactive or functioning within parameters.It’s particularly easy to ignore that our diets directly affect our health when the foods around us taste so good. General practitioners who don’t take food into consideration when treating their patients certainly don’t make it any easier. In this context, new studies that point to the relevance of food in connection to our DNA are an essential step forward.
Read More
US Rig Count Tumbles To Record (41-Year) Lows
Submitted by Tyler Durden on 03/11/2016 - 13:04 In April 1999, the total US oil and gas rig count was 488, today, after dropping 9, the total rig count is 480- an all-time record low (since records began in 1975). Oil rigs dropped 3 to 386 (lowest Since Dec 09), the 12th weekly drop in a row (16th of 17 and 17th and 26th of the last 28 weeks). With production up last week, it remains to be seen when the rig count matters once again.
Gold's Best Year Since 1974 Sparks Record Inflows Into ETFs
Submitted by Tyler Durden on 03/11/2016 - 13:00 Gold is up 19% year-to-date, by far the best performing asset-class, making this the best start to a year since 1974. "Negative rates in Japan and Europe coupled with weak global growth have prompted a surge in interest," notes one trader as Gold-backed exchange-traded funds saw a record inflow of $7.2bn in February, surpassing the previous high set in 2009, according to BlackRock./
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