The Full Story Behind Bloomberg's Attempt To "Unmask" Zero Hedge

Submitted by Tyler Durden on 04/29/2016 - 07:41 Over the years, Zero Hedge has proven to be a magnet for media attention. Today, it is Bloomberg's turn.

Bill Gross: "The World's Central Banker" Has Flatlined U.S. Economic Growth

Submitted by Tyler Durden on 04/29/2016 - 09:25 "...there clearly is a Yellen put, but over the last two meetings it's been extended to include global risk markets... I think they're acknowledging that the Fed is the world's global central banker."

OPEC Set To Pump Even More Oil In April As Saudi Arabia Boosts Exports To Near-Record High Levels

Submitted by Tyler Durden on 04/29/2016 - 10:04 In one of the least surprising highlights from the ongoing earnings season, yesterday we reported that as oil continues to rise, US shale companies are starting to resume mothballed production. And now, according to the latest Reuters production survey, in the aftermath of the failed Doha oil freeze agreement, OPEC will be the next to boost production in the coming month, expanding supplies from an already oversupplied 32.46MMb/d to 32.64MMb/d. Finally, Reuters just blasted that Saudi Arabia is boosting its exports to near-record high levels.

Chicago PMI Tumbles From March Dead-Cat-Bounce "Plagued By A Lack Of Orders"

Submitted by Tyler Durden on 04/29/2016 - 09:54 March's dead-cat-bounce in Chicago PMI (like January's) has died again as the business barometer drops to just 50.4 (from 53.6) missing expectations of 52.6. This barely-above-contractionary level was driven by an 11-point collapse in Order backlogs to the lowest since Dec 2015, and as MNI reports, "order patterns continued to be plagued by a lack of large orders and absence of international demand, purchasers said."

Rally In Gold Stocks Reaches First Big Challenge

Submitted by Tyler Durden on 04/29/2016 - 09:00 A key index of gold stocks is hitting its first level of major potential resistance since its false breakdown to all-time lows in January.

Savings Rate Highest Since December 2012 After Personal Spending Disappoints Again

Submitted by Tyler Durden on 04/29/2016 - 08:41 Following the drastically revised-away surge in spending in January, and the savings rate surge to 2012 highs in Feb, March's income and spending data released today showed more problems for The Fed. While income grew 0.4% MoM (more than the 0.3% expectations), spending disappointed with a mere 0.1% rise (against +0.2% MoM expectations). Year-over-year spending growth slowed to 3.5% - the weakest since December and income growth slowed to 4.0% YoY leaving the savings rate at its highest since December 2012.

Trending On Twitter

Submitted by Tyler Durden on 04/29/2016 - 08:12 One look at Twitter this morning and we are left with the impressions that if it was indeed the intention of Bloomberg's source (and/or Bloomberg), to "shut down" the website, it may have backfired.

"You've Lost Their Confidence" Tom Coburn Exhorts Congress "America Doesn't Trust You Anymore"

Submitted by Tyler Durden on 04/29/2016 - 07:21 "America doesn’t trust you anymore. That’s the truth... and that’s not one party, that’s both" raged former Senator Tom Coburn during a hearing before the Senate Committee on Homeland Security and Governmental Affairs this week. As FreeBeacon reports, Coburn, making his first appearance before the Senate since his farewell speech when he retired in late 2014, pleaded with Congress to take action to reform government, quoting de Tocqueville, that an ever more centralized control reduces its citizenry "to nothing better than a flock of timid and industrious animals, of which the government is the shepherd."

Gold & Silver Surge To New Cycle Highs After China Strengthens Yuan By Most In 11 Years

Submitted by Tyler Durden on 04/29/2016 - 07:05 With Japan closed, and unable for now to do more damage (or damage control), China stepped in with some modest turmoil of its own by strengthening the Yuan fix by the most since 2005, pressuring the USD weaker for the 5th day in a row. Commodities have tended to push higher on the back of this with Crude above $46.50 but Gold and Silver have surged to fresh 15 month highs (over $1275 and near $18 respectively).

USDJPY Plunges As Dollar Drops To 11 Month Lows, Commodities Rise

Submitted by Tyler Durden on 04/29/2016 - 06:48 Following yesterday's Yen surge in the aftermath of the disappointing BOJ announcement, the pain for USDJPY long continued, with the key carry pair tumbling as low as 106, the lowest level since October 2014 before stabilizing around 107, and is now headed for its biggest weekly gain since 2008, which in turn has pushed the US dollar to to its lowest close in almost a year as signs of slowing growth in the U.S. dimmed prospects for a Federal Reserve interest-rate increase. As a result, global stocks fell and commodities extended gains in their best month since 2010.

ZARpocalypse Now? BofAML Warns "Summer Of Shocks" Looms

Submitted by Tyler Durden on 04/29/2016 - 06:35 The mysterious ZARJPY indicator of global turmoil is flashing red once again as BofAML's Michael Hartnett warns of soaring sentiment into a potential "summer of shocks." Wall Street/Fed continues to play "cat and mouse" and (hedge fund) redemption, (central bank) repression, (market) regulation risks remain very high as the flash crash/pain trade era to continue.

It's The Debt Stupid: Scotiabank Warns "At Some Point 'The Future' Becomes 'Today'"

Submitted by Tyler Durden on 04/29/2016 - 05:52 Low interest rates attempt to buy time. The idea is to bring consumption forward until the economy heals on its own as capital projects are completed. But those projects never began this time. The end result is ever-higher debt that borrows more and more from the future. Unfortunately, it borrows from the future without making the future any brighter through solutions to root causes of economic ailments. At some point, the “future” becomes “today”.

Massive Oil Theft By Pirates Costs Nigeria $1.5 Billion Every Month

Submitted by Tyler Durden on 04/29/2016 - 05:00 Depressed oil prices, rampant corruption, and pipeline vandalism are only parts of Nigeria’s oil problem. It’s now losing a massive 400,000 barrels of crude daily to pirates in the Gulf of Guinea, an amount equal to the entire daily export capacity of its Forcados terminal. Overall damage from piracy, theft and fraud for Africa’s largest oil exporter is estimated at some $1.5 billion a month...

All Depressions Are Not Created Equal

Submitted by Tyler Durden on 04/29/2016 - 03:00 It has been said that history may not repeat but it sometimes rhymes. Just as the generals always seem to fight the last war people seem to prepare for the last depression. Times change and the mechanism that leads to misfortune changes with it. Looking at the past may not give us the clear answer to how to deal with the future but it can help us to determine what might happen and how to deal with it when the time comes.

"It's Hard To Believe" - Establishment Stunned As Trump Gains 'Wealthy, Well-Educated' Voters

Submitted by Tyler Durden on 04/28/2016 - 23:10 Not only is Donald Trump likely to gather the most votes of any GOP Presidential nominee ever, having swept the East Coast and crushed the anti-Trump alliance between Kasich and Cruz even before it made the news cycle; but now, as Reuters reports, the GOP establishment faces an ever bigger problem. Wealthy, well-educated voters helped carry the Republican front-runner to victory this week - a demographic the famously blunt-spoken billionaire had struggled to attract in the past.

Obama Admits Couldn't "Convince Americans Of Recovery", Bashes 'The Big Short'

Submitted by Tyler Durden on 04/28/2016 - 22:50 Despite his proclamation that he "saved the world from a Great Depression," the fact is that Obama will be the first President ever to not see a single year of 3% GDP growth - but only cynical fiction-peddlers would mention facts at a time like this. In yet more legacy-defending narrative, Obama told The NYTimes today that his biggest failure was being unable to sell his success in putting the American economy back on track to the American people (no matter the actual realities) careful to blame Republicans for slowing growth "by a percentage point or two." And then in a final affront to fact, Obama dismisses the conclusion of "The Big Short" proclaiming that he reined in Wall Street, overhauled the banking system, and made water from wine "the financial system substantially more stable."

The U.S. Economy Officially Joins The Global Economic Slowdown – 1st Quarter GDP Comes In At 0.5%

by Michael Snyder, The Economic Collapse Blog:

Even the government is admitting that the U.S. economy is slowing down.  On Thursday, we learned that U.S. GDP grew at just a 0.5 percent annual rate during the first quarter of 2016.  This was lower than analysts were anticipating, and it marks the third time in a row that the GDP number has declined compared to the previous quarter.  In other words, GDP growth has been declining for close to a year now, and this lines up perfectly with what I have been saying about how the second half of last year was a turning point that plunged us into the early chapters of a brand new economic crisis.  And as you will see below, the official GDP number is highly manipulated, and the way that it is calculated has been changed numerous times over the years.  So the bad number that is being reported by the government is actually the best case scenario.
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Bill Holter’s Response To Bob Moriarty

by Bill Holter, JS Mineset:

In response to my article yesterday The Chances Of A COMEX Default… (Public Article), Bob Moriarty decided to respond and attack me personally in this article. He claims me to be a “GURU” (an insult according to him), a fool, a bad writer with poor grammatical skills (I agree), with poor logic …and a liar. To start, calling someone a “liar” is a very big leap because it means there is an “intent to deceive” as opposed to just being wrong or even stupid. Moriarty says I “feed people’s fantasies” to entice them to subscribe to our newsletter which is now one month old. I wonder had I written the article over a month ago when all of my work was public what he would have claimed my motives to be? Many have read my work since 2007 at http://www.lemetropolecafe.com/ and dozens of other sites, does anyone see a shift in my logic since those days in order “fool subscribers”?
As for my grammatical skills, I agree, they suck! People do not read my work to make sure whether proper tense or punctuation is correct, they read it for the logic. I try to take complicated subjects and break them down so the average person can understand what is happening. The logic in this case is there are several hundred ounces of gold/silver represented by paper contracts but backed by only one ounce. Put simply, COMEX is a fraud.
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New US Rules Of Engagement OK Killing Civilians

from The Sleuth Journal:

They’re like the old rules. Civilian lives don’t matter. Slaughtering them indiscriminately is longstanding US policy. More on this below.
Fourth Geneva protects civilians and non-military targets in times of war. Attacking them is strictly prohibited. Humanitarian protections are mandated.
Washington rules override inviolable international, constitutional and US statute laws.
US wars mostly kill civilians, notably post-9/11. Millions perished from willful attacks, being in harm’s way, or from war related violence, preventable diseases or deprivation.
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Forty people contract mumps at Harvard … all were vaccinated … mumps vaccines based on scientific fraud

by J. D. Heyes, Natural News:
It wasn’t supposed to happen this way – at least, that’s what the vaccine Nazis have always told us in justifying forced ingestion of poisonous, infectious substances into our bodies.
Once we were vaccinated against diseases like measles, mumps and rubella, they said, we were never again at risk of getting those diseases. Well, it turns out – again – that the vaccine Nazis were wrong.
Officials at Harvard University have sent out an urgent appeal to students, asking them to take better precautions against infecting each other with mumps, after at least 40 cases have been confirmed since the beginning of the year.
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