Deutsche Bank Says World "Past The Point Of No Return" In The Default Cycle

Submitted by Tyler Durden on 04/11/2016 - 07:57
"We continue to live in a low default world for now though. Even though defaults picked up in 2015, B/BB default rates were still comfortably below their long-term average which they have been for well over a decade now with 2009 being the only exception. Indeed last year’s default rate for global Bs (up from 0.9% to 2.7%) was still lower than all of the first two decades of the modern era of leveraged finance up to 2003. So in spite of all the challenges we face this era has been characterized by astonishingly low default rates. There are clear signs the cycle is turning though, especially in the US."

Economic Collapse Is Erupting All Over The Planet As Global Leaders Begin To Panic

by Michael Snyder, The Economic Collapse Blog:

Mainstream news outlets are already starting to use the phrase “economic collapse” to describe what is going on in some areas of our world right now.  For many Americans this may seem a bit strange, but the truth is that the worldwide economic slowdown that began during the second half of last year is starting to get a lot worse.  In this article, we are going to examine evidence of this from South America, Europe, Asia and North America.  Once we are done, it should be obvious that there is absolutely no reason to be optimistic about the direction of the global economy right now.  The warnings of so many prominent experts are now becoming a reality, and what we have witnessed so far are just the early chapters of a crushing economic crisis that will affect every man, woman and child in the entire world.
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U.S. Futures Jump In Tandem With Soaring Italian Banks On Hopes Of Government Bailout

Submitted by Tyler Durden on 04/11/2016 - 06:50 it has been a rather quiet session, which saw Japan modestly lower dragged again by a lower USDJPY which hit fresh 17 month lows around 170.6 before staging another modest rebound and halting a six-day run of gains; China bounced after a slightly disappointing CPI print gave hope there is more space for the PBOC to ease; European equities rose, led by Italian banks which surged ahead of a meeting to discuss the rescue of various insolvent Italian banks, while mining stocks jumped buoyed by rising metal prices with signs of a pick-up in Chinese industrial demand.

"It's Pure Chaos Now; There Is No Way Back" - Venezuela Morgues Are Overflowing

Submitted by Tyler Durden on 04/10/2016 - 22:37 "Now things are worse than ever," says Yuli Sánchez. "They kill people and no one is punished while families have to keep their pain to themselves."... "This is now wilder than the wild west."...  “Venezuela is pure chaos now. It seems to me there is no way back,” the former policeman says.

Obama Announces Unexpected Meeting With Yellen Following Tomorrow's "Expedited Procedures" Fed Meeting

Submitted by Tyler Durden on 04/10/2016 - 23:35 "In the afternoon, the president will meet with Federal Reserve Chair Janet Yellen to discuss the state of the American and global economy, Wall Street reform, and the long-term economic outlook; the vice president will also attend." 

Supply Chain Slump "Worse Than The Great Recession"

Submitted by Tyler Durden on 04/11/2016 - 08:38

Bill Gross : "Negative Rates Destroy Savers, The Bedrock Of Capitalism", Larry Fink Agrees

Submitted by Tyler Durden on 04/11/2016 - 08:01 ... consider mom and pop and other people who read Barron’s. They are saving for retirement and to put their kids through college. They might have depended on a historic 8%-like return from stocks and bonds. Well, sorry. When interest rates get to zero—and that isn’t the endpoint; they could go negative—savers are destroyed. And savers are the bedrock of capitalism. Savers allow investment, and investment produces growth.

Iran Releases Video Showing Arrival Of First Russian S-300 Missile System

Submitted by Tyler Durden on 04/11/2016 - 08:55 As Iranian media reported overnight, Russia has delivered the first part of an advanced missile defense system to Iran, starting to equip Tehran with technology that was blocked before it signed a deal with world powers on its nuclear program.

Key U.S. Events In The Coming Week

Submitted by Tyler Durden on 04/11/2016 - 08:36 While the market is still enjoying the post-NFP weekly data lull, economic data starts to pick up again in the coming days, alongside the start of the reporting season. Below are this week's key events.

Even Goldman Says OPEC Doha Meeting Will Be A Dud: "Don't Expect A Bullish Surprise"

Submitted by Tyler Durden on 04/11/2016 - 07:15 "We do not expect the meeting to deliver a bullish surprise as we believe production cuts make little sense given it has taken 18 months for the rebalancing to finally start. In addition, any resolute agreement that would support prices from current levels would prove self-defeating, in our view, as we believe that sustained low prices are required for the nascent non-OPEC supply adjustments to deliver a deficit in 2H16. Finally, a production freeze at recent production levels would not accelerate the rebalancing of the oil market as OPEC (ex. Iran) and Russia production levels have this year remained close to our 2016 average annual forecast of 40.5 mb/d." - Goldman

28 Blank Pages: Washington’s Cover-Up Of The Saudi Role In The 9/11 Terrorist Attack Continues

Submitted by Tyler Durden on 04/10/2016 - 22:20 Do Americans have the right to learn whether a foreign government helped finance the 9/11 attacks? A growing number of congressmen and senators are demanding that a 28-page portion of a 2002 congressional report finally be declassified. The Obama administration appears to be resisting, and the stakes are huge. What is contained in those pages could radically change Americans’ perspective on the war on terror.

China CPI Misses, Drops Sequentially As PPI Declines For 49 Consecutive Months

Submitted by Tyler Durden on 04/10/2016 - 21:51 There was some good and some bad news in tonight's Chinese March inflation (and deflation in the case of PPI) data.

Total secrecy of pesticide studies allows chemical companies to commit mass ‘agri-murder’ with no scientific scrutiny allowed

by J. D. Heyes, Natural News:

It is becoming increasingly obvious that cronyism and big money are buying influence among lawmakers on several continents when it comes to scientifically vetting many of the chemicals being used in the world’s food supply. That is certainly the case in the United States, where biotech-giants like Monsanto wield far too much sway over agricultural policies, and it is becoming the norm in Europe, as well.
But European officials, at least, are battling back in an effort to scale back the influence of the biotech giants, in favor of doing what is right for agriculture and the global food chain.
As reported by GM Watch, Europe’s health and food safety commissioner, Vytenis Andriukaitis, says that his directorate, DG SANTE, is looking into the possibility of requiring full transparency for industry studies of pesticides.
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Geo-engineering now CONFIRMED to be very real, and it’s definitely not good for the environment

by J. D. Heyes, Natural News:
If you mention geoengineering to people you know, you’re liable to either get a blank stare or an eye roll.
To most, the term is foreign, but to some who have heard about the concept as a “conspiracy theory to control the weather,” they’ll dismiss you as a loon. But the fact is, their denial makes them look foolish, since not only is geoengineering very real, but it’s been looked at as a way to control weather and climate for decades.
In fact, as reported by The Daily Sheeple, President John F. Kennedy proposed creating the technology to control the weather back in 1961.
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Wells Fargo Just Admitted to Robbing US Citizens by Deceiving the Govt and No One Was Charged

by Matt Agorist, Activist Post:
Top megabank, Wells Fargo & Co just admitted to defrauding the United States government for nearly an entire decade, which subsequently led to the housing market collapse, and no one is going to be punished.
On Friday, the largest US mortgage lender and third-largest US bank admitted to deceiving the U.S. government into insuring thousands of risky mortgages.
According to the settlement, Wells Fargo “admits, acknowledges, and accepts responsibility” for having from 2001 to 2008 falsely certified that many of its home loans qualified for Federal Housing Administration insurance, reports Reuters.
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