Deutsche Bank Is Crashing Again As European Banks Slide To Crisis Lows
Submitted by Tyler Durden on 04/07/2016 - 10:00 As of this moment, various European banks but most prominently Deutsche Bank as well as Credit Suisse and RBS, have been crashing back to lows hit in early February and then all the way back to the March 2009 "the world is ending" lows. The problem is that now that global central banks are more focused on appeasing China and keeping the USD weaker (by way of a dovish, non-data dependent Fed), the pain for Europe (and Japan), and their currencies, and their banking sector, will likely only get worse. This is precisely the case proposed by Francesco Filia of Fasanara Capital, who explains below his "Short European Bank Thesis."The "Mood Swings Of A QE World" Force One Trader To Give Up On Fundamentals, Become A Technician
Submitted by Tyler Durden on 04/07/2016 - 09:17 Mood swings have been fluctuating so quickly they resemble rapid-eye-movement rather than the expected ebb and flow of a normal market, such as it is in a QE world... With market noise at a cacophonous pitch, it’s far better to lean on technical pivots and to keep it really simple. In this environment a chart really is worth 1,000 words.
Japan Prints Additional ¥10,000 Bills As People Scramble To Stash Away Cash
Submitted by Tyler Durden on 04/07/2016 - 09:38 Call it the total failure of Japan's monetary policy: Japan's Finance Ministry plans to increase the number of ¥10,000 bills in circulation, amid signs that more people are hoarding cash. It will print 1.23 billion such notes in fiscal 2016, 180 million more than a year earlier. The number of ¥10,000 bills issued annually leveled off at around 1.05 billion in the fiscal years from 2011 to 2015. The reason: the total amount of cash stashed at home is estimated to have surged by nearly ¥5 trillion to some ¥40 trillion in the past year, Hideo Kumano, chief economist at Dai-ichi Life Research Institute, said.
What? The FDA doesn’t conduct
any scientific studies on the very drugs it approves? No, it doesn’t,
and the facts surrounding this reality will shock and anger you.This point was recently brought out – again – by the Alliance for Natural Health, in a short video made in response to a bogus Public Broadcasting System (PBS) documentary, in which the taxpayer-funded network claimed that vitamin and nutrient supplements are not regulated at all by the federal government.
While that is simply not true, PBS nevertheless repeated the claim, echoing what other government officials, Big Pharma representatives and operatives of the traditional medical industry have said.
Read More
Shocking Statistic: Over 40% Of Student Borrowers Don't Make Payments
Submitted by Tyler Durden on 04/07/2016 - 08:55 More than 40% of Americans who borrowed from the government’s main student-loan program aren’t making payments or are behind on more than $200 billion owed, raising worries that millions of them may never repay. Officials acknowledge that a large pool of borrowers have essentially fallen off the radar. The Education Department has assembled a “behavioral sciences unit” to study the psychology of borrowers and why they don’t repay. “We obviously have not cracked that nut but we want to keep working on it,” said Ted Mitchell, the Education Department’s under secretary. He said many defaulted borrowers dropped out of school and are underemployed.
EU President Is "Sad" After Dutch Reject "Closer Ties" With Ukraine In Huge Victory For Euroskeptics
Submitted by Tyler Durden on 04/07/2016 - 08:49 After yesterday's shocking Dutch referendum outcome, in which a vast majority of local voters rejected a Ukraine-European Union treaty on closer political and economic ties, seen by many as an indication of "Euroskepticism", moments ago European Commission President Jean-Claude Juncker explained how that made him feel. According to Reuters, "he was saddened by the outcome." "The president is sad," European Commission spokesman Margaritis Schinas told a regular news briefing.
Jobless Claims Decline From Two Month High
Submitted by Tyler Durden on 04/07/2016 - 08:44 Following three consecutive weeks of increases in initial jobless claims, which pushed the series to its highest level since the start of February, according to the BLS the last week saw a 9K decline in the number of claimants which dropped from 276K to 267K. This was fractionally below the 270K expected print, and suggests that recent concerns about an inflection point in job trends may have been premature.
Venezuela Declares Every Friday A Holiday To Conserve Electricity
Submitted by Tyler Durden on 04/07/2016 - 08:36 Maduro has expanded his mid-March decree, and designated every Friday in the months of April and May as a non-working holiday in his ongoing bid to save electricity as a prolonged drought pushes water levels to a critical threshold at hydro-generation plants. In a televised appearance, Maduro said "I call on families, on the youth, to join this plan with discipline, with conscience and extreme collaboration to confront this extreme situation” of the drought blamed on the El Nino weather system.
UK Housing Bubble Pops: London Offers 20% Discounts On Luxury Apartments
Submitted by Tyler Durden on 04/07/2016 - 08:29 Another major city is experiencing a pullback in demand for its property – once again as a direct result of Government action to dampen the impact of foreign investment. In London, as Bloomberg reports, demand has slumped so badly that developers are offering discounts of up to 20% for their newly constructed homes. And just as the case was in Manhattan, it’s a result of the UK putting in a speed bump. The UK recently increased taxes on those deemed to be purchasing a second home, specifically designed to slow the pace of overseas investment.
Valeant Lenders Agree To Amend Credit Facility
Submitted by Tyler Durden on 04/07/2016 - 08:11 Three days ago, the latest catalyst to weigh down Valeant stock was news that the company's lenders were pushing back on its demands to obtain a default waiver and to loosen restrictions on its negative debt covenants. It appears, however, that that issue has been resolved, and as the company reported moments ago in a press release on its website, VEX "has obtained the requisite lender approval for the amendment and waiver to its credit facility. The Company expects to close the amendment and waiver next week."
"There Is A Lot Of Fear In The Market" - Stocks, Futures Slide After Yen Soars
Submitted by Tyler Durden on 04/07/2016 - 06:55 Two days after stocks slid in a coordinated risk-off session, and one day after a DOE estimate of US oil inventories sent US stocks surging while the failed Allergan-Pfizer deal unleashed torrential hopes of a biotech M&A spree leading to the single best day for the sector in 5 years, sentiment has again shifted, this time due to a violent surge in the Yen as the market keeps testing the resolve of the Japanese central bank to keep its currency weak, and so far finding it to be nonexistent.
USDJPY Crashes, Drags Equities With It As Gold Soars
Submitted by Tyler Durden on 04/07/2016 - 06:19 Ever since the USDJPY breached the 110 support level three days ago for the first time in 17 months, the pressure on this all important FX carry cross has been rising, and then overnight, following the latest bout of recurring and increasingly ignored jawboning by various Japanese officials, the Yen soared, with the USDJPY plunging first below 109 and then moments ago dropping as low as 108.02 before rebounding modestly, dragging US equity futures lower with it.
by Michael J. Kosares, GoldSeek:
I can remember only one other time when market factors lined up as favorably for gold as they do now and that was in the spring of 2008. There are a great many similarities to gold market dynamics between now and then, but there are also great differences. One of those differences is the huge influx of interest from institutional investors led by hedge funds and big banks. In 2008, institutional interest was light.
Now HSBC, JP Morgan Chase, Bank of America Merrill Lynch, ABN Amro, UBS and Deutsche Bank, PIMCO and Black Rock head a growing list of investment houses that view gold favorably. In what could turn out to be the first among many such announcements, Munich Re, the giant German reinsurer, said it was adding gold to its reserves in the face of negative interest rates. Chief Executive Nikolaus von Bomhard told a news conference, “We are just trying it out, but you can see how serious the situation is.”
Read More
I can remember only one other time when market factors lined up as favorably for gold as they do now and that was in the spring of 2008. There are a great many similarities to gold market dynamics between now and then, but there are also great differences. One of those differences is the huge influx of interest from institutional investors led by hedge funds and big banks. In 2008, institutional interest was light.
Now HSBC, JP Morgan Chase, Bank of America Merrill Lynch, ABN Amro, UBS and Deutsche Bank, PIMCO and Black Rock head a growing list of investment houses that view gold favorably. In what could turn out to be the first among many such announcements, Munich Re, the giant German reinsurer, said it was adding gold to its reserves in the face of negative interest rates. Chief Executive Nikolaus von Bomhard told a news conference, “We are just trying it out, but you can see how serious the situation is.”
Read More
by Harvey Organ, HarveyOrganblog:
Good evening Ladies and Gentlemen:
Gold: $1,222.50 down $5.90 (comex closing time)
Silver 15.05 down 7 cents
In the access market 5:15 pm
Gold $1223.00
silver: 15.06
Let us have a look at the data for today.
At the gold comex today, we had a good delivery day, registering 142 notices for 14,200 ounces for gold,and for silver we had 0 notices for nil oz for the non active April delivery month.
Read More
Good evening Ladies and Gentlemen:Gold: $1,222.50 down $5.90 (comex closing time)
Silver 15.05 down 7 cents
In the access market 5:15 pm
Gold $1223.00
silver: 15.06
Let us have a look at the data for today.
At the gold comex today, we had a good delivery day, registering 142 notices for 14,200 ounces for gold,and for silver we had 0 notices for nil oz for the non active April delivery month.
Read More
from Wolf Street:
“Opportunities in Distressed Assets” as current investors get crushed
After seven years of “emergency” monetary policies that allowed companies to borrow cheaply even if they didn’t have the cash flow to service their debts, other than by borrowing even more, has created the beginnings of a tsunami of defaults.
The number of corporate defaults in the fourth quarter 2015 was the fifth highest on record. Three of the other four quarters were in 2009, during the Financial Crisis.
Read More
“Opportunities in Distressed Assets” as current investors get crushedAfter seven years of “emergency” monetary policies that allowed companies to borrow cheaply even if they didn’t have the cash flow to service their debts, other than by borrowing even more, has created the beginnings of a tsunami of defaults.
The number of corporate defaults in the fourth quarter 2015 was the fifth highest on record. Three of the other four quarters were in 2009, during the Financial Crisis.
Read More
from Activist Post:
The moment you receive a cancer diagnosis, your doctor will probably go through a list of your treatment options and what he or she will do in your particular case. Many people have similar conversations with family, friends, and co-workers about the future and what help you’ll need in your personal and professional life.
Now an important question. What can you do to help yourself?
It may be tempting, even easy, to give up control of your life until you’re better. That’s a mistake. This is your disease now. It’s your body, your choice and your responsibility. Let the experts do their job (and ask lots of questions) but remember to keep actively working toward your own recovery.
Chemotherapy, radiation, and surgery deplete your mind, body, and spirit. Any person who has dealt with cancer personally or in regards to someone they love can attest to the turmoil the disease causes in so many areas. It is easy to become lost in feelings of helplessness and worry.
Read More
The moment you receive a cancer diagnosis, your doctor will probably go through a list of your treatment options and what he or she will do in your particular case. Many people have similar conversations with family, friends, and co-workers about the future and what help you’ll need in your personal and professional life.
Now an important question. What can you do to help yourself?
It may be tempting, even easy, to give up control of your life until you’re better. That’s a mistake. This is your disease now. It’s your body, your choice and your responsibility. Let the experts do their job (and ask lots of questions) but remember to keep actively working toward your own recovery.
Chemotherapy, radiation, and surgery deplete your mind, body, and spirit. Any person who has dealt with cancer personally or in regards to someone they love can attest to the turmoil the disease causes in so many areas. It is easy to become lost in feelings of helplessness and worry.
Read More
by J. D. Heyes, Natural News:
The Food and Drug Administration has historically been the one federal
agency that has wreaked havoc on the nutritional supplement industry,
imposing rules and regulations that hamper, harass and strangle
supplement manufacturers and sellers.
Now the Justice Department is joining the fray, as noted by the Alliance for Natural Health USA (ANH-USA), an advocacy group that promotes sustainable health through various natural means, including through the use of nutritional supplements.
In recent days, the group said, Attorney General Loretta Lynch released a video about supplements for National Consumer Protection Week (a quick read of her bio shows that she’s a Harvard-educated lawyer, but there are no medical qualifications listed in her resume, so what makes her an expert in nutritional supplements is a bit of a mystery).
Read More
The Food and Drug Administration has historically been the one federal
agency that has wreaked havoc on the nutritional supplement industry,
imposing rules and regulations that hamper, harass and strangle
supplement manufacturers and sellers.Now the Justice Department is joining the fray, as noted by the Alliance for Natural Health USA (ANH-USA), an advocacy group that promotes sustainable health through various natural means, including through the use of nutritional supplements.
In recent days, the group said, Attorney General Loretta Lynch released a video about supplements for National Consumer Protection Week (a quick read of her bio shows that she’s a Harvard-educated lawyer, but there are no medical qualifications listed in her resume, so what makes her an expert in nutritional supplements is a bit of a mystery).
Read More
by Lauretta Brown, CNSnews:
The Centers for Disease Control (CDC) updated a report last week illustrating on U.S. maps
that the two mosquitoes with the potential to transmit the Zika virus,
as well as other viruses such as dengue and chikungunya, could inhabit
areas this summer that include parts of all but ten states in the United
States.
The report on Zika and pregnancy also states: “Mosquitoes are the deadliest animals in the world because of the diseases they spread.”
Much of U.S. territory–from California to Virginia to Maine–is in the potential range of the Aedes aegypti and Aedes albopictus mosquitoes, which have the potential to transmit the Zika virus. Of the two, the CDC says, the Aedes aegypti mosquitos are the “more likely to spread viruses.”
The CDC also verified to CNSNews.com via email that the map of potential exposure includes all but 10 states in the United States.
Read More
The Centers for Disease Control (CDC) updated a report last week illustrating on U.S. maps
that the two mosquitoes with the potential to transmit the Zika virus,
as well as other viruses such as dengue and chikungunya, could inhabit
areas this summer that include parts of all but ten states in the United
States.
The report on Zika and pregnancy also states: “Mosquitoes are the deadliest animals in the world because of the diseases they spread.”
Much of U.S. territory–from California to Virginia to Maine–is in the potential range of the Aedes aegypti and Aedes albopictus mosquitoes, which have the potential to transmit the Zika virus. Of the two, the CDC says, the Aedes aegypti mosquitos are the “more likely to spread viruses.”
The CDC also verified to CNSNews.com via email that the map of potential exposure includes all but 10 states in the United States.
Read More
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