When the 2016 race kicked kicked off last year, few pundits would have predicted Wisconsin’s April primary might be a game changer on both sides of the aisle. But the Badger state, which heads to the polls today, could be key in determining if the Republicans head to a contested convention and if Bernie Sanders retains momentum after five straight victories.
BOJ's Kuroda Threatens More Easing, Stocks Tank, Absurdity Reigns
Submitted by Tyler Durden on 04/05/2016 - 20:45 Someday this is going to end in tears. But not tomorrow. Kuroda knows this, hoping that the “after tomorrow” won’t be under his watch. After me the deluge!
Here Are Some Of The Americans In The "Panama Papers"
Submitted by Tyler Durden on 04/05/2016 - 16:56 Today we finally get some answers to the question on everyone's lips: who are the Americans in the Panama Papers? Surprisingly, there are no politicians of note are in files but plenty of others. Among them: retirees, scammers, and tax evaders, all of whom found a use for secrecy of offshore companies.
Who Are The Best Paid Bank CEO: The One Chart Summary
Submitted by Tyler Durden on 04/05/2016 - 20:19 If you ever wondered what Jamie Dimon meant by “That’s why I’m richer than you”, this summary from the Financial Times explains.
As Pfizer-Allergan Sinks, These "Inversion" Deals Could Be Next
Submitted by Tyler Durden on 04/05/2016 - 20:16 While the Pfizer-Allergan $160 billion merger may be the most notable casualty of the Treasury's decree, there are various other deals working on corporate inversion deals or who have carried out inversions in the past. They are shown in the list below,
Year Of The Outsider: Why Bernie Sanders' Democratic Rebellion Is So Significant
Submitted by Tyler Durden on 04/05/2016 - 19:55 2016 was supposed to have been the year of Jeb Bush versus Hillary Clinton: the year when the established Bush dynasty confronted the upstart rival Clinton Dynasty. But the year of the insider has turned into the year of the outsider. On both sides, voters have unexpectedly given vent to thirty years of accumulated anger with neoliberalism which has downsized their incomes and hopes. Though the Republican rebellion has been more clear-cut in its dismissal of insider candidates, it is Bernie Sanders’ Democratic rebellion that is of potentially far greater historic significance.Shots Fired: Wikileaks Accuses Panama Papers' Leaker Of Being "Soros-Funded, Soft-Power Tax Dodge"
Submitted by Tyler Durden on 04/05/2016 - 19:23
The Nattering Naybobs Of Normalization (A Tale Of 3 Fed Heads)
Submitted by Tyler Durden on 04/05/2016 - 19:00
Tuesday Humor: The Paperclip Is Back With Year-End Tax Planning Advice
Submitted by Tyler Durden on 04/05/2016 - 18:40 The infamous Microsoft help paperclip makes a timely appearance, providing options for all of your year-end tax planning needs.
California Gov. Signs Minimum Wage Hike: Admits It "Doesn’t Make Economic Sense" As Locals Flee For Texas
Submitted by Tyler Durden on 04/05/2016 - 18:32 As of midnight, both California and New York have signed the new $15 minimum wage into law. The irony of the situation, which will most certainly go under reported, is that even California’s Governor Brown knows that it’s not the right decision to make economically. Regarding the actual economic impact, California’s Governor Brown was quoted as saying that "economically, minimum wages may not make sense."
Porn Star Explains Why You Are A Scumbag Who "Gets In The Way Of Justice"
Submitted by Tyler Durden on 04/05/2016 - 18:23 And here's the money shot... "...only arms dealers and scumbags set up asset protect vehicles like anonymous shell companies."
'Economic Models' Forecast GOP White House (With Or Without Trump)
Submitted by Tyler Durden on 04/05/2016 - 18:15 "The model doesn't know or care if there are two or 10 candidates... It knows the economics and whether marginal swing voters will keep the incumbent party in or not...the logic that says that these models should have worked over the past few decades also says that they should work in this election cycle, too."
As Seen On One Billboard: The San Francisco Housing Bubble
Submitted by Tyler Durden on 04/05/2016 - 16:58 "Buy now or be forever priced out"?
Crude Spikes After Biggest Inventory Draw In 2016
Submitted by Tyler Durden on 04/05/2016 - 16:40 WTI's 'mysterious' spike into the NYMEX close extended after hours (almost as if someone knew something). Inventories drewdown 4.6mm barrels according to API (drastically less than the expected 2.85mm build). This is the biggest weekly draw since Jan 1. Cushing was expected to see a build of 100k (after 2 weeks of draws) but saw a considerably larger one at +620k. Distillates inventories built as Gasoline drewdown very modestly.
Disastrous Ticket Sales, Ongoing Political Turmoil Put Brazil Olympics In Jeopardy
Submitted by Tyler Durden on 04/05/2016 - 16:36 With only four month to go until the Brazil summer olympics, only half of the tickets have been sold. Brazil’s new minister of sports Ricardo Leyser suggested that the Brazilian government may purchase tickets that will be distributed to public schools. He said public officials must also work to boost worldwide confidence in Rio's ability to host the games and ensure travelers' safety.
by Chris Powell, GATA:
Dear Friend of GATA and Gold:
Last week at a public forum the president of the Federal Reserve Bank of New York, William Dudley, was asked whether the Federal Reserve has engaged in gold swaps with other central banks. He refused to answer.
Yesterday when your secretary/treasurer e-mailed the New York Fed’s media relations director, Eric Pajonk, for confirmation of the incident and put the gold swaps question to him directly on GATA’s behalf, Pajonk provided the Internet link to a video recording of Dudley’s remarks but also refused to respond to the question. Indeed, he refused even to acknowledge it.
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Dear Friend of GATA and Gold:Last week at a public forum the president of the Federal Reserve Bank of New York, William Dudley, was asked whether the Federal Reserve has engaged in gold swaps with other central banks. He refused to answer.
Yesterday when your secretary/treasurer e-mailed the New York Fed’s media relations director, Eric Pajonk, for confirmation of the incident and put the gold swaps question to him directly on GATA’s behalf, Pajonk provided the Internet link to a video recording of Dudley’s remarks but also refused to respond to the question. Indeed, he refused even to acknowledge it.
Read More
from Monetary-Metals:
Gold market analysts have for many years puzzled over the unusual behaviour of the gold market during the 1990s, specifically the bizarrely flat gold price from 1993 to 1996 in the face of sustained selling pressure from central banks and gold miners hedging their production. To-date no one has been able to identify the hidden source of demand that was obviously supporting the gold market during that period.
In addition, conventional justifications that accelerated sales by central banks after 1996, which broke the gold market and drove the price down over 35% from $400 to $250, were just portfolio readjustments have been rejected by many analysts who instead see them as a conspiracy to suppress the gold price to ensure support for fiat currencies. But what if there was another more pressing reason for such central bank desperation?
Read More
Gold market analysts have for many years puzzled over the unusual behaviour of the gold market during the 1990s, specifically the bizarrely flat gold price from 1993 to 1996 in the face of sustained selling pressure from central banks and gold miners hedging their production. To-date no one has been able to identify the hidden source of demand that was obviously supporting the gold market during that period.
In addition, conventional justifications that accelerated sales by central banks after 1996, which broke the gold market and drove the price down over 35% from $400 to $250, were just portfolio readjustments have been rejected by many analysts who instead see them as a conspiracy to suppress the gold price to ensure support for fiat currencies. But what if there was another more pressing reason for such central bank desperation?
Read More
by Michael Krieger, Liberty Blitzkrieg:
Varoufakis said that Schäuble, Germany’s finance minister and the architect of the deals Greece signed in 2010 and 2012, was “consistent throughout”. “His view was ‘I’m not discussing the program – this was accepted by the previous [Greek] government and we can’t possibly allow an election to change anything.
“So at that point I said ‘Well perhaps we should simply not hold elections anymore for indebted countries’, and there was no answer. The only interpretation I can give [of their view] is, ‘Yes, that would be a good idea, but it would be difficult. So you either sign on the dotted line or you are out.’”
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Varoufakis said that Schäuble, Germany’s finance minister and the architect of the deals Greece signed in 2010 and 2012, was “consistent throughout”. “His view was ‘I’m not discussing the program – this was accepted by the previous [Greek] government and we can’t possibly allow an election to change anything.
“So at that point I said ‘Well perhaps we should simply not hold elections anymore for indebted countries’, and there was no answer. The only interpretation I can give [of their view] is, ‘Yes, that would be a good idea, but it would be difficult. So you either sign on the dotted line or you are out.’”
Read More
by J.D. Heyes, Natural News:
Americans and the Chinese people have another thing in common besides a big economy – vaccine violence.
As reported by the BBC, parents in China are extremely angry after learning about a massive illegal vaccine operation in Shangdong province. The illegal ring involved hundreds of people and had spread to 24 provinces and cities, according to local media cited by the BBC.
The outrage grew after news spread that a boy who had been vaccinated died, though Chinese officials claimed the death was not tied to the Shangdong scandal, a story that no thinking person would actually believe.
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Americans and the Chinese people have another thing in common besides a big economy – vaccine violence.As reported by the BBC, parents in China are extremely angry after learning about a massive illegal vaccine operation in Shangdong province. The illegal ring involved hundreds of people and had spread to 24 provinces and cities, according to local media cited by the BBC.
The outrage grew after news spread that a boy who had been vaccinated died, though Chinese officials claimed the death was not tied to the Shangdong scandal, a story that no thinking person would actually believe.
Read More
from Washington’s Blog:
There is no better way to describe the progressive activists of 1885-1920 than in President Eisenhower’s phrase for what American democracy requires: “an alert and knowledgeable citizenry.” Because they confronted the Wall Street system when it was new, they saw it naked and with terms for comparison fresh in mind. Its foundations, effects, methods and differences from former practices and conditions were starkly obvious, plainly remarked and often better understood than after its operations began to be taken for granted in the terms proposed by its salesmen. This tended to make progressive analyses and responses penetratingly knowledgeable and ground them firmly in unadulterated contact with primary American civic traditions. “The most important public issues of that day [1900-1914] were … corporate power, finance capitalism, popular democracy, and the rule of the state and federal governments as shapers of public policy.” “Since the seventeenth century, financial questions … [and] differences over currency and the related subject of banking” typically lay at the center of “basic American social and political” contentions. Progressives grasped from the start the legislative character of the Wall Street system’s foundations and its essential basis in corporate and financial law. In accord with traditional American political practice, they judged the proper solution to be rescinding its legal enablements by legislation and replacing them with enactments in the public interest and for the general welfare instead.
Read More
There is no better way to describe the progressive activists of 1885-1920 than in President Eisenhower’s phrase for what American democracy requires: “an alert and knowledgeable citizenry.” Because they confronted the Wall Street system when it was new, they saw it naked and with terms for comparison fresh in mind. Its foundations, effects, methods and differences from former practices and conditions were starkly obvious, plainly remarked and often better understood than after its operations began to be taken for granted in the terms proposed by its salesmen. This tended to make progressive analyses and responses penetratingly knowledgeable and ground them firmly in unadulterated contact with primary American civic traditions. “The most important public issues of that day [1900-1914] were … corporate power, finance capitalism, popular democracy, and the rule of the state and federal governments as shapers of public policy.” “Since the seventeenth century, financial questions … [and] differences over currency and the related subject of banking” typically lay at the center of “basic American social and political” contentions. Progressives grasped from the start the legislative character of the Wall Street system’s foundations and its essential basis in corporate and financial law. In accord with traditional American political practice, they judged the proper solution to be rescinding its legal enablements by legislation and replacing them with enactments in the public interest and for the general welfare instead.
Read More
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