UK Establishment Stunned As Over 300 CEOs Back Brexit: "Business, Not Government, Creates Wealth"

Submitted by Tyler Durden on 05/16/2016 - 05:00
“It is business - not government - which generates wealth for the Treasury and jobs for our communities. Outside the EU, British business will be free to grow faster, expand into new markets and create more jobs. It's time to Vote Leave and take back control.”

"Divisive, Stupid & Wrong" Trump Slams Cameron, "Doesn't Care" About London's Muslim Mayor

Submitted by Tyler Durden on 05/16/2016 - 09:58 "Well number one I'm not stupid ok, I can tell you that right now. Just the opposite. Number two in terms of divisive, I don't think I'm a divisive person, I'm a unifier. Unlike our president now I'm a unifier... It looks like we're not going to have a good relationship. Who knows, I hope to have a good relationship with him but it sounds like he's not willing to address the problem either."
  

Did Apple's Didi Investment Just Kill All The Unicorns?

Submitted by Tyler Durden on 05/16/2016 - 09:43 “But there is of course a much bigger reason why Apple and Didi were so keen to join forces: The deal is an incredible “f### y##” to Uber, a company that neither Apple nor Didi want to get much more dominant in the US... The clues that this was not just an investment but a Statement were easy to spot: A billion dollars isn’t a random number — it’s a headline-grabbing way to telegraph This Is A Big Deal.” So here we have what could be the poster-child for all unicorn valuation metrics (i.e., Uber) having their valuation story for future investment and/or IPO dreams gutted in one fell swoop by Apple.
 

What Recovery? Poultry Workers Denied Bathroom Breaks, Wear Diapers On The Job

Submitted by Tyler Durden on 05/16/2016 - 08:22 “Workers struggle to cope with this denial of a basic human need. They urinate and defecate while standing on the line; they wear diapers to work; they restrict intake of liquids and fluids to dangerous degrees,”

The Rand Is Crashing As South African FinMin Arrest Looms

Submitted by Tyler Durden on 05/16/2016 - 09:26 The last 2 days have seen South African Rand plunge 5% relative to the USDollar, back to 2 month lows, after reports that police are set to arrest Finance Minister Pravin Gordhan over alleged irregularities at the nation’s revenue service.



"Wrong Way Gartman"... Must watch the IDIOTS on CNBC...

Gartman Is "Turning Bearish Of Equities", Claims He Is Outperforming Most Hedge Funds

Submitted by Tyler Durden on 05/16/2016 - 09:19 "Quietly, but steadily, in our own account… our retirement funds here at TGL and the only money we manage but money that is really rather important to us, obviously!... we are turning bearish of equities... For the record, as of Friday’s close we are +4.3% for the year-to-date, out-performing our International Index handily and still out-performing the S&P and thus most hedge funds."

Key US Macro Events In The Coming Week

Submitted by Tyler Durden on 05/16/2016 - 09:08 After last week's key event, the retail sales number, which the market discounted as being too unrealistic (and overly seasonally adjusted) after printing at a 13 month high and attempting to refute the reality observed by countless retailers, this week has a quiet start today with no data of note due out of Europe and just Empire manufacturing (which moments ago missed badly) and the NAHB housing market index of note in the US session this morning.

Two More US Energy Companies Go Bankrupt: Breitburn, Sandridge File Chapter 11

Submitted by Tyler Durden on 05/16/2016 - 08:51 Just days after the latest two shale casualties filed for bankruptcy protection when both Linn Energy and Penn Virginia announced prepackaged Chapter 11, moments ago Sandridge announced it too was entering bankruptcy court when it filed a voluntarily petition under Chapter 11 in U.S. Bankruptcy Court for Southern District of Texas to consummate a pre-arranged reorganization. This follows just hours after Breitburn Energy Partners announced it had filed Chapter 11 as it hopes to negotiate a restructuring of its balance sheet in court, continuing talks with creditors that began a month ago, CEO Hal Washburn said in a release.

Empire Fed Manufacturing Outlook Crashes Back To Reality

Submitted by Tyler Durden on 05/16/2016 - 08:41 The March/April dead cat bounce in Empire Fed Survey is back deep into contraction territory. Having surged to +9.6, May saw respondents entirely lose faith and crash back to -9, massively missing expectations of a +6.5 print (the biggest drop since Oct 2014). Under the surface everything plunged (except the number of employees which inched higher) as New Orders, Workweek, and Prices received all contracted drastically. Even hope tumbled with future CapEx expectationscollapsing by the most since June 2013.



I think Bills job will be... to look for cigar holders in the white house...

Hilllary Reveals Role Bill Would Play In Her Administration

Submitted by Tyler Durden on 05/16/2016 - 08:02 A recurring question during Hillary Clinton's presidential campaign has been what, if any, role her husband the "First Gentleman", Bill Clinton will hold.  Yesterday, she finally have some hints toward answering this question. At a campaign stop in Fort Mitchell, Ky., Clinton said her husband would be "in charge of revitalizing the economy."

Apple Jumps After Berkshire Reveals 9.8 Million Share Stake

Submitted by Tyler Durden on 05/16/2016 - 07:39 After three consecutive weeks of seemingly relentless bad news for Apple, moments ago the stock jumped by $2 dollars, rising from $90.5 to over $92.50. There was some confusion as to why the jump and then it was revealed that none other than that "other" billionaire, Warren Buffett, has decided to start building a stake in the world's biggest cell phone company to the tune of 9.8 million shares or about $1.07 billion as of March 31.

Traders Stumped By Sudden Flash Crash In Chinese H Shares

Submitted by Tyler Durden on 05/16/2016 - 07:08 Just around 2:14am local time (2am EDT), Asian traders were surprised to observe in the Chinese market something which until recently had been a purely development market phenomenon: a flash crash. A sudden plunge by Chinese stocks in Hong Kong had traders scrambling to find a trigger for the slump that coincided with a surge in futures volumes.

Futures Flat Despite China Scare As Oil Rebounds Over $47

Submitted by Tyler Durden on 05/16/2016 - 06:42 The main risk over the weekend was that markets, which have now dropped for three consecutive weeks the longest negative streak since January, would focus their attention on the latest batch of negative Chinese economic news released over the weekend, which missed expectations across the board, most prominently in Retail Sales and Industrial Production, and following Friday's disappointing new credit loan data, would sell off as the Chinese slowdown once again becomes a dominant concern. However, after some initial weakness, the risks were all but gone when first the USDJPY jumped on another round of deflationary Japanese economic data which led to renewed hopes of more BOJ easing and a jump in the USDJPY and thus US futures.

The End Of Hegemony? Russian Bond Yields Plunge Below Pre-US Sanctions Levels

Submitted by Tyler Durden on 05/16/2016 - 04:00 With Russian stocks among the best performing in 2016 - and up dramatically since The White House issued its "sell" rating - it appears another key element of American's hegemony is also breaking down. When the US (and its European vassal states) unleashed sanction on Russia in July 2014, it sent bond yields spiking from 9% to over 14% as political and social risks were priced in (as demanded by Treasury). However, despite the ongoing sanctions and the pressure (whether implicit or explicit from Washington) on oil prices, Russian bond yields have disobeyed America and are back below 9% - the lowest level of risk since before sanctions were imposed.

Pure Troika Idiocy - The Greek Debt Slavery Regime Through 2059

Submitted by Tyler Durden on 05/16/2016 - 03:00 Can Greece come up with €11,235,558,147 in June and July? Of course not. That is not the way the “bailout” works. In practice, the Troika gives Greece the money and Greece hands the money right back to the Troika plus a tiny bit extra from now until 2059. The repayment calculation assumes Greece can maintain a budget surplus of 3.5% of GDP from 2017 until then, a ridiculous belief to say the least.

FBI Caught Planting Microphones Under Rocks, Inside Light Fixtures, and at Bus Stops in California

from Liberty Blitzkrieg:
When a reporter for the United States Army Training and Doctrine Command interviewed Frank Zappa for the commands news syndicate, the story was held by a superior who demanded that Zappa – who had been rather hard on the army – answer one more question: just who does he think will defend the country without the army?
Zappa’s reply: “From what? The biggest threat to America today is it’s own federal government…. Will the Army protect anybody from the FBI? The IRS? The CIA? The Republican Party? The Democratic Party?….The biggest dangers we face today don’t even need to sneak past our billion dollar defense system….they issue the contracts for them.” The interview was not run.
Read More…

Medicine’s Crisis plus Big Pharma’s Eventual Downfall

by Catherine J. Frompovich, Activist Post:
“This has been one of the great mistakes of modern medicine.” … David Kessler, MD, former FDA Commissioner
Former FDA Commissioner David Kessler, MD, (1990-1997) is talking about the current opioid drug addiction and abuse by medical doctors and pharmaceutical companies who promote them. Over the last two decades, there has been an overwhelming demand for, plus supply of, opioid drugs that now has turned into more health problems than anyone probably expected—most of all, prescribing medical doctors, who apparently are led to have ‘full faith and confidence’ in pharmaceutical drugs.
Can we blame doctors alone for such a religious-belief-like trust? No! Big Pharma companies constantly court the medical professions offering samples and monetary perks [10,11] for doctors prescribing all sorts of licensed prescription drugs, often without proper medical protocols regarding patients’ health needs.
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UNDER OBAMA, ILLEGAL IMMIGRANTS RECEIVE MORE IN WELFARE PAYMENTS THAN AMERICAN CITIZENS DO

by Geoffrey Grider, Now The End Begins:
ILLEGAL IMMIGRANT HOUSEHOLDS RECEIVE AN AVERAGE OF $5,692 IN FEDERAL WELFARE BENEFITS EVERY YEAR, FAR MORE THAN THE AVERAGE “NATIVE” AMERICAN HOUSEHOLD, AT $4,431, ACCORDING TO A NEW REPORT ON THE COST OF IMMIGRATION RELEASED MONDAY.
The Center for Immigration Studies, in an analysis of federal cost figures, found that all immigrant-headed households — legal and illegal — receive an average of $6,241 in welfare, 41 percent more than native households. As with Americans receiving benefits such as food stamps and cash, much of the welfare to immigrants supplements their low wage jobs.
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Obama: By Almost Every Measure, America and World Are Better Than 8 Years Ago

from CNS News:
Delivering the commencement address at Rutgers University in New Jersey today, President Barack Obama told the graduates that “the good old days weren’t that good” and that both America and the world are better than they were “even eight years ago.”
“When you hear someone longing for the good old days, take it with a grain of salt, take it with a grain of salt,” Obama said in his address.
“In fact,” he said, “by almost every measure, America is better and the world is better than it was 50 years ago or 30 years ago or even eight years ago.”
Here is a transcript of part of the president’s speech at Rutgers where he said that America and the world are better than they were “even eight years ago:”
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Should the Gold Price Keep Up with Inflation?

by Keith Weiner, Monetary-Metals:
The popular belief is that gold is a good hedge against inflation. Owning gold will protect you from rising prices. Is that true?
Most people define inflation as rising prices. Economists will quibble and say technically it’s the increase in the quantity of money, however Milton Friedman expressed the popular belief well. He said, “Inflation is always and everywhere a monetary phenomenon.”
There you have it. The Federal Reserve increases the money supply and that, in turn, causes an increase in the price of everything, including gold. It’s as simple as that, right?
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Exposure to Certain Foods in Infancy May Prevent Future Allergies

by Julie Fidler, Natural Society:
For decades parents have been told to delay feeding their children certain foods they could be allergic to, including peanuts, eggs, wheat, and milk. But recent studies suggest exposing at-risk children to potential allergens as infants might actually prevent them from developing an allergy.
One such study is a follow-up to groundbreaking research published last year, which suggested feeding peanut-containing foods to babies protects them from developing an allergy through at least age 5, and that protection remained with the youngsters even when they stopped eating peanut-containing foods for a year.
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Cosmopolitan Magazine Uses Millennial Slang to Try to Normalize Antidepressants for Teen Girls

by Julie Wilson, Natural News:
Cosmopolitan magazine says it’s geared towards “contemporary women,” however, its true audience is impressionable teenage girls, which is what makes the publication’s latest offense that much more disgusting. Cosmo recently ran an article promoting and normalizing psychiatric drugs, and various combinations of them, for young women.
“16 Things Only Girls On Antidepressants Will Understand” teaches teens that exchanging “horror stories” about the side-effects of psychiatric drugs is a great way to bond with friends, that there’s nothing wrong with relying on antidepressants to function, and how incredibly annoying it is when someone has the audacity to recommend natural alternatives.
Below are among the most offensive points used to push psychotropic drugs:
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