Submitted by Tyler Durden on 04/25/2016 - 07:23
The latest shocking example of just how intertwined central banks have become in all capital markets, comes courtesy of the Bank of Japan which days ahead of a move which may see it double its ETF purchases from the current run rate of JPY3.3 trillion to JPY7 trillion or more (if Goldman is correct), is revealed to be a top 10 holder in about 90% of all Japanese stocks. Crazier still, if as Goldman predicts the BOJ doubles its purchases of ETFs, the central bank could become the No. 1 shareholder in about 40 of the Nikkei 225’s companies by the end of 2017,
Trump Slams "Horrible Act Of Desperation" As Cruz And Kasich Form Last Minute Alliance To Stop Him
Submitted by Tyler Durden on 04/25/2016 - 06:53 In the bottom of the 9th, with two out and the bases loaded, Ted Cruz and John Kasich are attempting one final maneuver to stop Donald Trump from getting the GOP nomination. Trump was quick to respond: "when two candidates who have no path to victory get together to stop a candidate who is expanding the party by millions of voters, (all of whom will drop out if I am not in the race) it is yet another example of everything that is wrong in Washington and our political system," he said. "This horrible act of desperation, from two campaigns who have totally failed, makes me even more determined, for the good of the Republican Party and our country, to prevail!"
The ECB's Visible Hand: Unilever Issues Debt With 0% Coupon, 0.06% Yield
Submitted by Tyler Durden on 04/25/2016 - 09:40 Moments ago Unilever NV was set to raise money in bond markets Monday that will cost the consumer-goods giant almost nothing, in the latest sign of how the European Central Bank's stimulus measures are slashing funding costs across the continent. In one tranche of a €1.5 billion deal, the Anglo-Dutch company was set to sell €300 million of debt maturing in 2020 with a coupon of 0%, potentially offering investors a yield of just 0.06%,
A Bird's-Eye View Of How The US Economy Is Falling Apart (In 4 Simple Charts)
Submitted by Tyler Durden on 04/25/2016 - 09:16 Whether you support him or not, my guess is that most middle-aged Americans are very surprised about Bernie Sanders' popularity. However, it shouldn’t be a surprise given the economic stress many Americans face. The four charts below capture the essence of what I’m talking about...
Yen Surges Most In 3 Weeks After Goldman's Short Reco
Submitted by Tyler Durden on 04/25/2016 - 08:52 Just 24 hours after Goldman Sachs suggests a looming collapse in the Yen (USDJPY to 130), the Japanese currency is rallying by the most in 3 weeks against the USDollar. Having been hammered on Friday, Yen has rallied back over 100 pips this morning (pushing USDJPY back to a 110 handle) as a potential short-USDollar squeeze begins (with hedge funds net short the greenback for the first time since July 2014).
The Michael Pearson Era Is Officially Over: Valeant Appoints Joseph Papa As Chairman And CEO
Submitted by Tyler Durden on 04/25/2016 - 08:46 The Michael Pearson era at Valeant is officially over. Following a week of leaks that the troubled Canadian ex-rollup will hire Perrigo's CEO, Joseph C. Papa, moments ago the company confirmed this when the VRX board said that it has named Joseph C. Papa to become Valeant's Chairman and Chief Executive Officer (incidentally this comes on the day in which Periggo stock tumbled after the company slashed its 2016 EPS forecast from $9.50-$9.80 to $8.20-$8.50).
What Oil Recovery? Saudi Borrowing Costs Spike To 7 Year Highs
Submitted by Tyler Durden on 04/25/2016 - 08:36 Despite oil's rebound off cyclical lows and the world's exuberance that the energy space may be saved (on the basis of headline-reading algos pumping momentum into commodity futures products that only leveraged Chinese speculators could find value in), something ugly is occurring in Saudi Arabian money-markets.There appears to be a growing funding squeeze in The Kingdom as 3-month interbank rates spike above 2% for the first time since Jan 2009 prompting King Salman to approve a 'post-oil economic plan'.
The Most Dangerous Divergence
Submitted by Tyler Durden on 04/25/2016 - 08:16 The dangerous divergence will then take a nasty turn. The bottom half of the 1% will now be as angry as the 99%. Any attempt by the establishment to further screw the nation by bailing themselves out will be met with violent disapproval. The country is a powder keg. The upcoming election is guaranteed to inflame opposing factions. A stock market crash in the next six months would sow the seeds of financial, political, and social upheaval not seen in this country since the 1960s. The established social order will be swept away in a swirl of chaos and retribution. The dangerous divergence will be resolved.
Key Events In The Coming Central Bank-Heavy Week
Submitted by Tyler Durden on 04/25/2016 - 08:06 The April FOMC gathering headlines a crowded economic events calendar this week. The post-meeting statement, released Wednesday afternoon, should continue to strike a cautious tone. There will be no press conference and updated economic and financial forecasts will not be released. Few expect the FOMC to add the “balance of risks” sentence back into its communiqué at this point. Doing so would be quite bearish for risk assets as it would definitely open the door for a June rate hike.Frontrunning: April 25
- Obama sending more forces to Syria to consolidate gains against Islamic State (Reuters)
- Global stocks, dollar stumble ahead of Fed, BOJ meetings (Reuters)
- The Rise and Deadly Fall of Islamic State’s Oil Tycoon (WSJ)
- Oil Producers Lock In Once-Snubbed Prices (WSJ)
- Yellen's Scope for Summer Rate Hike Widens as ECB Signals a Hold (BBG)
- 11,000 jobs at risk as BHS teeters on brink (The Times)
Futures Rebound Off Lows Following Chinese Intervention; Oil Dips Ahead Of Fed, BOJ
Submitted by Tyler Durden on 04/25/2016 - 06:39 Futures are currently unchanged, but the E-mini was down as much as 12 points less than two hours earlier after the European open when this time it was up to the PBOC to intervene in global markets by pushing the Yuan higher (selling USDCNY via intermediary banks) sending global stocks sharply higher off session lows and leaving the S&P futures virtually unchanged. As Bloomberg reported, there has been increasing USD/CNY selling in afternoon session as Dollar Index edged lower. This is the PBOC entering the building and levitating stocks.Bad News For Canadians: "You Have 30 Days To Close Your Account"
Submitted by Tyler Durden on 04/24/2016 - 23:49
Bernie Sanders Is A "Testament To American Suckerdom"
Submitted by Tyler Durden on 04/24/2016 - 22:00 While pro-Bernie progressives are free to create their own communities in Ron Paul’s world, Ron Paul libertarians are compelled by force to participate in Bernie’s world. That is the fundamental difference between liberty and socialism, between voluntaryism and collectivism, between statism and private property. Nothing prevents progressives from living as they wish now, except the very things they viciously oppose: decentralization, secession, and local control.
by Michael Snyder, The Economic Collapse Blog:
If nobody is working in one out of every five U.S. families, then how in the world can the unemployment rate be close to 5 percent as the Obama administration keeps insisting? The truth, of course, is that the U.S. economy is in far worse condition than we are being told. Last week, I discussed the fact that the Federal Reserve has found that 47 percent of all Americans would not be able to come up with $400 for an unexpected visit to the emergency room without borrowing it or selling something. But Barack Obama and his minions never bring up that number. Nor do they ever bring up the fact that 20 percent of all families in America are completely unemployed. The following comes directly from the Bureau of Labor Statistics…
Read More
If nobody is working in one out of every five U.S. families, then how in the world can the unemployment rate be close to 5 percent as the Obama administration keeps insisting? The truth, of course, is that the U.S. economy is in far worse condition than we are being told. Last week, I discussed the fact that the Federal Reserve has found that 47 percent of all Americans would not be able to come up with $400 for an unexpected visit to the emergency room without borrowing it or selling something. But Barack Obama and his minions never bring up that number. Nor do they ever bring up the fact that 20 percent of all families in America are completely unemployed. The following comes directly from the Bureau of Labor Statistics…
Read More
by David Gutierrez, Natural News:
Desperate
to share her story, a Texas mother is speaking out about the traumatic
injuries her young daughter sustained after being injected at six months
old with a total of eight vaccine doses.
About a month after infant Cerenity received the DTaP/Hib/IPV (5-in-1 combo), hepatitis B, pneumococcal Prevnar 13, and the oral Rotavirus vaccine, she suffered several major injuries and grew increasingly unwell.
Prior to the six month vaccination mark, Cerenity was a healthy baby with normal physical and cognitive development. But after receiving the eight vaccine doses, she became fussy and lethargic, according to her mother July Garza. A month later, the child’s health took a sharp turn for the worse.
Read More
Desperate
to share her story, a Texas mother is speaking out about the traumatic
injuries her young daughter sustained after being injected at six months
old with a total of eight vaccine doses.About a month after infant Cerenity received the DTaP/Hib/IPV (5-in-1 combo), hepatitis B, pneumococcal Prevnar 13, and the oral Rotavirus vaccine, she suffered several major injuries and grew increasingly unwell.
Prior to the six month vaccination mark, Cerenity was a healthy baby with normal physical and cognitive development. But after receiving the eight vaccine doses, she became fussy and lethargic, according to her mother July Garza. A month later, the child’s health took a sharp turn for the worse.
Read More
from Wolf Street:
Since the granddaddy of all housing bubbles popped in Spain between 2008 and 2009, unleashing one of the deepest recessions in living memory, the nation’s public debt has more than doubled, from just over 40% of GDP to almost exactly 100% today. Last year, despite the fact that Spain grew faster than almost any other European economy, the government managed to rack up a deficit of 5.2%, one full percentage point above the target that it had set itself a year earlier and over three percentage points above the Eurozone average.
It’s the third-highest deficit-to-GDP ratio in the Eurozone after Greece and Portugal. That’s some claim for Europe’s supposed economic success story.
Read More
Since the granddaddy of all housing bubbles popped in Spain between 2008 and 2009, unleashing one of the deepest recessions in living memory, the nation’s public debt has more than doubled, from just over 40% of GDP to almost exactly 100% today. Last year, despite the fact that Spain grew faster than almost any other European economy, the government managed to rack up a deficit of 5.2%, one full percentage point above the target that it had set itself a year earlier and over three percentage points above the Eurozone average.
It’s the third-highest deficit-to-GDP ratio in the Eurozone after Greece and Portugal. That’s some claim for Europe’s supposed economic success story.
Read More
by Warner Todd Huston, Breitbart:
As the boycott of Target stores over its pro-transgender bathroom policy grows,
the question of just who such a policy puts in danger is a natural one
to ask. As these policies proliferate across the country, the number of
stories of predators threatening women and children in public restrooms
is also growing by the day.
The Target department store chain drew the ire of millions of Americans after it announced it was opening its bathrooms to transgender shoppers and employees and allowing them to choose whatever bathroom they feel like using at any given time.
Days later a #BoycottTarget petition effort launched that drew over 200,000 signatures in a day and over 300,000 by the weekend.
Read More
As the boycott of Target stores over its pro-transgender bathroom policy grows,
the question of just who such a policy puts in danger is a natural one
to ask. As these policies proliferate across the country, the number of
stories of predators threatening women and children in public restrooms
is also growing by the day.The Target department store chain drew the ire of millions of Americans after it announced it was opening its bathrooms to transgender shoppers and employees and allowing them to choose whatever bathroom they feel like using at any given time.
Days later a #BoycottTarget petition effort launched that drew over 200,000 signatures in a day and over 300,000 by the weekend.
Read More
from Liberty Blitzkrieg:
Since we’re never going to get to see the full transcripts of Hillary Clinton’s multiple paid-for pandering sessions to Wall Street fraudsters, I bring you the next best thing.
What follows are excerpts from a piece of satirical brilliance composed by K.J. Noh, and published in full at Counterpunch, titled simply: Hillary Clinton’s Speech to Goldman Sachs.
Enjoy it, I sure did:
Read More…
Since we’re never going to get to see the full transcripts of Hillary Clinton’s multiple paid-for pandering sessions to Wall Street fraudsters, I bring you the next best thing.
What follows are excerpts from a piece of satirical brilliance composed by K.J. Noh, and published in full at Counterpunch, titled simply: Hillary Clinton’s Speech to Goldman Sachs.
Enjoy it, I sure did:
Read More…
by Matt Agorist, Activist Post:
Without giving any reason whatsoever, the entire Green Mountain Police department in Colorado has quit.
The chief of police announced his resignation on Tuesday and he was quickly followed by all the other officers. It has now been 4 days and, remarkably, the town of Green Mountain Falls does not look like a scene out of Mad Max.
“In an election year there’s always some people who choose to stay and some people who choose to go, and I think that happens at every level of government,” Green Mountain Falls Mayor Jane Newberry said.
Despite giving no reason, it is likely that the department disagreed with the local politics and reacted by abandoning their duty as public servants — thereby illustrating the irrelevance of their job in the first place.
Read More
Without giving any reason whatsoever, the entire Green Mountain Police department in Colorado has quit. The chief of police announced his resignation on Tuesday and he was quickly followed by all the other officers. It has now been 4 days and, remarkably, the town of Green Mountain Falls does not look like a scene out of Mad Max.
“In an election year there’s always some people who choose to stay and some people who choose to go, and I think that happens at every level of government,” Green Mountain Falls Mayor Jane Newberry said.
Despite giving no reason, it is likely that the department disagreed with the local politics and reacted by abandoning their duty as public servants — thereby illustrating the irrelevance of their job in the first place.
Read More
from The Daily Bell:
Britain and its European allies have announced new rules designed
to be a “hammer blow” against tax evasion in direct response to the
Panama Papers leak that exposed how the world’s richest and most
powerful people hide their wealth from tax authorities. -Guardian
Never in the history of humankind has it been impossible to create an anonymous legal entity.
But now it will be. And this doesn’t seem to be a momentous event to the world’s mainstream media which is reporting on the story as if it has to do with tax evasion.
Read More
Britain and its European allies have announced new rules designed
to be a “hammer blow” against tax evasion in direct response to the
Panama Papers leak that exposed how the world’s richest and most
powerful people hide their wealth from tax authorities. -GuardianNever in the history of humankind has it been impossible to create an anonymous legal entity.
But now it will be. And this doesn’t seem to be a momentous event to the world’s mainstream media which is reporting on the story as if it has to do with tax evasion.
Read More
/
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tZWW275olq0md4QX28pmXqNPo3TAT37FOZjxTQTXB2WHG0s47Tr-gNSUu20cbsVB72n_XQXIGXIBrQ3Nn1epyoTrZOo9j6npGokvbJt69FBX6pVuUsKEjLZie_tQ0Lu5fK3Q=s0-d)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_u_VekN2G3pPe2NnjyeIuGPeVmyozDZhE53GKVBGul6O5_RNG1mpuCS-Gyc8gYWk-D619zW6LDGl36jlhbNKMeRM868eTR59Gjce73HEiNEh5Kudzy7Uuw1DzEnjQLPjOR8OZEI=s0-d)
No comments:
Post a Comment