Submitted by Tyler Durden on 04/21/2016 - 09:10
There is going to have to be "a recalibration of our relationship with America," former Saudi Intelligence Chief Prince Turki Al-Faisal told CNN's Christiane Amanpour. "How far we can go with our dependence on America, how much can we rely on steadfastness from American leadership, what is it that makes for our joint benefits to come together," Turki said in a significant departure from usual Saudi rhetoric. "These are things that we have to recalibrate."
One Commodity Trader Writes: "What Is Happening Has Absolutely No "Reasonable" Explanation"
Submitted by Tyler Durden on 04/21/2016 - 06:00 Call me crazy, and I am not a “conspiracy theorist” – but what is happening has absolutely no “reasonable” explanation. So I have to think outside the box...SunEdison Puts Investors Out Of Misery - Files For Bankruptcy
Submitted by Tyler Durden on 04/21/2016 - 09:36 It's over. After months of arguing that everything will be ok as investors flee the troubled company, it is now officialy over...*SUNEDISON FILES FOR BANKRUPTCY AFTER ACQUISITION BINGE
Bloomberg reports that SUNE admits $50 billion in liabilities.
ECB Releases Full Details Of Its Corporate Bond Buying Program
Submitted by Tyler Durden on 04/21/2016 - 09:33- The CSPP aims to further strengthen the pass-through of the Eurosystem’s asset purchases to the financing conditions of the real economy.
- Purchases will start in June 2016.
- The CSPP will be carried out by six national central banks acting on behalf of the Eurosystem, coordinated by the ECB.
- In combination with other non-standard measures, the programme will provide further monetary policy accommodation and help inflation rates return to levels below, but close to, 2% in the medium term.
Precious Metals Puke - 'Someone' Dumps $2 Billion Of Gold Into Futures Markets
Submitted by Tyler Durden on 04/21/2016 - 09:21
Additional Evidence Of Mind-Boggling Fraud Emerges from The New York Primary
Submitted by Tyler Durden on 04/21/2016 - 09:10 Two things were obvious going into the New York primary: 1) Hillary Clinton would win. 2) There would be an enormous amount of voter suppression and fraud. Well the results are in, and the state of the state in New York is very, very bad.
President Obama Tries To Explain What He Was Doing In Saudi Arabia - Live Feed
Submitted by Tyler Durden on 04/21/2016 - 09:10 This won't be awkward at all...
Euro, Bund Yields Spike As Draghi Does Not Reveal Any New Bazookas
Submitted by Tyler Durden on 04/21/2016 - 08:55 While expectations were for nothing new, it appears positioning was for moar as Draghi's lack of bazooka-ness has sent European stocks lower as EUR spikes against the USD and German Bund yields soar...
Philly Fed Dead-Cat-Bounce Dies, Plunges Back Into Contraction
Submitted by Tyler Durden on 04/21/2016 - 08:46 Remember March and all those hopefull regional fed survey bounces? They are over! Philly Fed just printed -1.6, back into contraction for the 8th month of last 9, missing expectations of a +9.0 print. Every subcomponent weakened (aside from prices paid and received) but what saved the headline from further collapse was an unexpected surge in optimism for six-months ahead (right after the election?).
Initial Jobless Claims Crashes To Lowest Since 1973
Submitted by Tyler Durden on 04/21/2016 - 08:35 Dear Janet - it doesn't get any better than this...
Gold & Silver Are Soaring (again)
Submitted by Tyler Durden on 04/21/2016 - 08:30 Gold has topped $1270 this morning as faith in Draghi falters, pushing back to one-month highs but once again it is silver that is grabbing the headlines, soaring above $17.50 and pushing to 11-month highs (now up 9 of the last 11 days). The buying started in China once again as hording continues but other catalysts include solar demand, central bank fragility, and gold-silver technicals.
Mario Draghi Explains Why QE 'Will' Work This Time - ECB Press Conference Live Feed
Submitted by Tyler Durden on 04/21/2016 - 08:25 As expected today's ECB statements were a snoozer, and likely Mario Draghi's official statement will be too - "more of the same." However, the real fun and games will come as he combats questions on 1) the lack of effectiveness of QE so far (just wait, any day now it will work), and 2) helicopter money ("whatever it takes"). He better offer some hope for moar as EUR is surging into the meeting...
ECB Keeps Rates Unchanged, Says Corporate Bond Buying Has Begun: EUR Jumps
Submitted by Tyler Durden on 04/21/2016 - 07:48 As was widely expected, moments ago the "sleepy" ECB announced that all its three key rates remain unchanged: "the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively." There was one notably addition: the ECB announced it has "started to expand our monthly purchases under the asset purchase programme to €80 billion" as was also expected considering the tremendous rip in European corporate bonds.
Sweden's Riksbank Unexpectedly Boosts QE To Weaken Currency; Krona Jumps
Submitted by Tyler Durden on 04/21/2016 - 07:15 In a surprise move, earlier today Sweden's Riksbank announced that it would expand the country's QE program by another 45 billion kroner - consensus was for no increase - while keeping its rate at the already record negative -0.50%. "With continued expansionary monetary policy abroad, there is a risk that the krona will appreciate earlier and faster than in the forecast," the Riksbank said. Even more surprising was the currency reaction: instead of weakening the SEK, the currency strengthened.
Futures, Crude Unchanged Ahead Of Draghi As Parabolic Move In Steel, Iron Ore Continues
Submitted by Tyler Durden on 04/21/2016 - 06:51 One day after stocks were this close from hitting new all time highs on what have been either ok earnings, if looking at non-GAAP data, or atrocious earnings, based on GAAP, and where any oil headline is now immediately translated as bullish by the oil algos, so far futures are relatively flat, while European stocks were at their moments ago in anticipation of the latest ECB announcement due out in just one hour. However, unlike last month's "quad-bazooka", this time the market expects far less from Draghi. “Having pulled put the monetary bazooka in March, the market is sensibly expecting no further policy measures from the ECB,”
"This Is Going To Be A National Crisis" - One Of The Largest U.S. Pension Funds Set To Cut Retiree Benefits
Submitted by Tyler Durden on 04/20/2016 - 23:42 The Central States Pension Fund, which handles retirement benefits for current and former Teamster union truck drivers across various states including Texas, Michigan, Wisconsin, Missouri, New York, and Minnesota, and is one of the largest pension funds in the nation, has filed an application to cut participant benefits, which would be effective July 1 2016, as it "projects" it will become officially insolvent by 2025.
by Michael Snyder, The Economic Collapse Blog:
If you had to make a sudden visit to the emergency room, would you have enough money to pay for it without selling something or borrowing the funds from somewhere? Most Americans may not realize this, but this is something that the Federal Reserve has actually been tracking for several years now. And according to the Fed, an astounding 47 percent of all Americans could not come up with $400 to pay for an emergency room visit without borrowing it or selling something. Various surveys that I have talked about in the past have found that more than 60 percent of all Americans are living to paycheck to paycheck, but I didn’t realize that things were quite this bad for about half the country. If you can’t even come up with $400 for an unexpected emergency room visit, then you are just surviving from month to month by the skin of your teeth. Unfortunately, about half of us are currently in that situation.
Read More
If you had to make a sudden visit to the emergency room, would you have enough money to pay for it without selling something or borrowing the funds from somewhere? Most Americans may not realize this, but this is something that the Federal Reserve has actually been tracking for several years now. And according to the Fed, an astounding 47 percent of all Americans could not come up with $400 to pay for an emergency room visit without borrowing it or selling something. Various surveys that I have talked about in the past have found that more than 60 percent of all Americans are living to paycheck to paycheck, but I didn’t realize that things were quite this bad for about half the country. If you can’t even come up with $400 for an unexpected emergency room visit, then you are just surviving from month to month by the skin of your teeth. Unfortunately, about half of us are currently in that situation.
Read More
by Daniel Barker, Natural News:
Scientists
from Oregon State University have discovered that a compound found in
algae can fight two of the most aggressive types of cancer out there:
triple negative breast cancer and brain tumors. The findings were
presented at the Experimental Biology 2016 meeting last month in San
Diego.
The discovery was made by Oregon State’s Dr. Kerry McPhail, who actually found the compound while scuba diving in the Coiba National Park in Panama eight years ago. She collected the blue-green algae known as cyanobacteria on the dive, and found that it contained at least three different species of algae that grow on rocks situated in fast-moving water.
Read More
Scientists
from Oregon State University have discovered that a compound found in
algae can fight two of the most aggressive types of cancer out there:
triple negative breast cancer and brain tumors. The findings were
presented at the Experimental Biology 2016 meeting last month in San
Diego.The discovery was made by Oregon State’s Dr. Kerry McPhail, who actually found the compound while scuba diving in the Coiba National Park in Panama eight years ago. She collected the blue-green algae known as cyanobacteria on the dive, and found that it contained at least three different species of algae that grow on rocks situated in fast-moving water.
Read More
from Washington’s Blog:
British citizens are now watched by Big Brother more closely than any other people in the world. All activity by British people on the web or on the phone is now monitored and stored. The British government employs more secret police – GCHQ, MI5, MI6 and SO15 – per head of population than Russia. Let me repeat that. The British have more secret police per head of population than Russia. British people are watched on closed circuit television more often than any other people in the world. Under the Prevent programme, “radicals” like me can only speak in universities under monitoring so intense and conditions so onerous that organisers give up, as I can personally witness.
Read More
British citizens are now watched by Big Brother more closely than any other people in the world. All activity by British people on the web or on the phone is now monitored and stored. The British government employs more secret police – GCHQ, MI5, MI6 and SO15 – per head of population than Russia. Let me repeat that. The British have more secret police per head of population than Russia. British people are watched on closed circuit television more often than any other people in the world. Under the Prevent programme, “radicals” like me can only speak in universities under monitoring so intense and conditions so onerous that organisers give up, as I can personally witness.
Read More
from Zen Gardner:
This pro Palestinian and anti EU stand is an exact copy of the political dynamics in Norway before it was hit by terror attacks by alleged “lone wolf terrorist” Anders Breivik in July 2011.
In addition, Rotterdam is in its 3rd day of “exercises” running disaster drills in Holland’s second biggest city, while Holland’s capital city Den Haag is also planning exercises early next month. This is something to keep an eye on as we’re just beginning the 13 days of the occult time of sacrifice called Beltane.
Read More…
This pro Palestinian and anti EU stand is an exact copy of the political dynamics in Norway before it was hit by terror attacks by alleged “lone wolf terrorist” Anders Breivik in July 2011.
In addition, Rotterdam is in its 3rd day of “exercises” running disaster drills in Holland’s second biggest city, while Holland’s capital city Den Haag is also planning exercises early next month. This is something to keep an eye on as we’re just beginning the 13 days of the occult time of sacrifice called Beltane.
Read More…
by Simon Black, Sovereign Man:
I’ll start with a confession.
Based on the returns I’ve just prepared for 2015, my tax bill for the year amounts to exactly $0.00.
In fact, for the second year in a row, I legitimately owe zero tax. And I’m damn proud of that.
(And no, it’s not from any illegal tricks. I’ll explain how I did it later.)
Not a shred of my efforts goes to help finance bombs, wars, debt, and utterly useless waste.
April is the month where hundreds of millions of people all over the world, including the United States and Canada, file their annual tax returns.
Read More
I’ll start with a confession.Based on the returns I’ve just prepared for 2015, my tax bill for the year amounts to exactly $0.00.
In fact, for the second year in a row, I legitimately owe zero tax. And I’m damn proud of that.
(And no, it’s not from any illegal tricks. I’ll explain how I did it later.)
Not a shred of my efforts goes to help finance bombs, wars, debt, and utterly useless waste.
April is the month where hundreds of millions of people all over the world, including the United States and Canada, file their annual tax returns.
Read More
by Ron Paul, Lew Rockwell:
This week, President Obama and Vice President Biden held a hastily
arranged secret meeting with Federal Reserve Chairman Janet Yellen.
According to the one-paragraph statement released by the White House
following the meeting, Yellen, Obama, and Biden simply “exchanged notes”
about the economy and the progress of financial reform. Because the
meeting was held behind closed doors, the American people have no way of
knowing what else the three might have discussed.
Yellen’s secret meeting at the White House followed an emergency secret Federal Reserve Board meeting. The Fed then held another secret meeting to discuss bank reform. These secret meetings come on the heels of the Federal Reserve Bank of Atlanta’s estimate that first quarter GDP growth was .01 percent, dangerously close to the official definition of the recession.
Read More
This week, President Obama and Vice President Biden held a hastily
arranged secret meeting with Federal Reserve Chairman Janet Yellen.
According to the one-paragraph statement released by the White House
following the meeting, Yellen, Obama, and Biden simply “exchanged notes”
about the economy and the progress of financial reform. Because the
meeting was held behind closed doors, the American people have no way of
knowing what else the three might have discussed.Yellen’s secret meeting at the White House followed an emergency secret Federal Reserve Board meeting. The Fed then held another secret meeting to discuss bank reform. These secret meetings come on the heels of the Federal Reserve Bank of Atlanta’s estimate that first quarter GDP growth was .01 percent, dangerously close to the official definition of the recession.
Read More
by Wolf Richter, Wolf Street:
To heck with the dreams of its bondholders.
Great-West Lifeco, a Canadian financial services conglomerate which operates subsidiaries in Canada, the US, Europe, and Asia – including Putnam Investments in the US – and with over $1 trillion in consolidated assets under management, just crapped beautifully on its bondholders.
It wasn’t illegal. Bondholders had agreed to it in the terms of the bond issue. But they’d believed Great-West would never ever dare to do it. Now it did, and it cost those bondholders dearly.
Canadian financial companies issued a total of $45 billion of a special kind of hybrid bonds. And now that Great-West has become the trailblazer, they might all be subjected to the same treatment.
Read More
To heck with the dreams of its bondholders.Great-West Lifeco, a Canadian financial services conglomerate which operates subsidiaries in Canada, the US, Europe, and Asia – including Putnam Investments in the US – and with over $1 trillion in consolidated assets under management, just crapped beautifully on its bondholders.
It wasn’t illegal. Bondholders had agreed to it in the terms of the bond issue. But they’d believed Great-West would never ever dare to do it. Now it did, and it cost those bondholders dearly.
Canadian financial companies issued a total of $45 billion of a special kind of hybrid bonds. And now that Great-West has become the trailblazer, they might all be subjected to the same treatment.
Read More
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