German Coverup Scandal: Ministry Urged Erasing "Rape" From "Monstrous" Cologne Migrant Attack ReportSubmitted by Tyler Durden on 05/03/2016 - 15:17
A high-ranking police officer has alleged that his seniors tried to strike the word rape from an internal police report after the mass sexual assaults in Cologne over New Year. A chief superintendent in the Cologne police told the investigative committee established in the wake of the attacks that the interior ministry in North Rhine-Westphalia had sought to influence the investigations.
"The marginal economic benefits of the agreement are outweighed by the political consequences of its adoption".
For some time, the rich countries have argued that it is in everyone’s collective interest to demonetize gold. But there is a good case to be made that a shift in emerging markets toward accumulating gold would help the international financial system function more smoothly and benefit everyone.
While in the US and the rest of the free world, anyone who holds a less than bullish view of things is simply marginalized as a conspiracy theorist, ridiculed by establishment economists and pundits, is the recipient of mainstream media hit pieces, or denigrated by the president as "peddling fiction", China has decided to take a more blunt approach: "securities regulators, media censors and other government officials have issued verbal warnings to commentators whose public remarks on the economy are out of step with the government’s upbeat statements."
Tensions were already high as Turkish president Erdogan has been accusing HDP of ties to the outlawed Kurdistan Workers' Party (PKK), and the fight started as the two sides debated a constitutional amendment that would strip lawmakers of their legal immunity...
For the moment, silver’s intermediate-term bull market remains in force, albeit with a record level of bearishness on the part of the “smart money”.
FELS: QE SHOULD FOCUS ON CREDIT AND POTENTIALLY EQUITY BUYING
No one disputes that U.S. military forces are fighting in combat in Iraq and Syria -- except maybe President Barack Obama and some members of his administration.
Following this weekend's leak by Greenpeace demonstrating not only that the TTIP is driven entirely by narrow corporate interests, but that Obama is openly willing to reneg on his pro-environment agenda just to pass the Transatlantic Treaty at any cost, the blowback arrived earlier today when France became the first major European nation which threatened to reject the huge free trade deal between the U.S. and the European Union, because according to AP "it's too friendly to U.S. business and probably doomed."
"We’re condemned to serial bouts of severe volatility having been trained to dismiss real and knowable risks as just improbable black swans.... Central banks can’t keep giving markets everything they want, or the volatility in the end will be catastrophic"
Cynics, skeptics, and fiction-peddlers are frowned upon by the Obama administration (and the mainstream media) when it comes to our glorious leader's economic miracle. So we thought a simple litmus test might be useful to judge just how 'doomed' the nation really is...
A Surprise From JPM: "Pundits Are Urging Investors To Chase Performance; We Believe This Would Be A Mistake"Submitted by Tyler Durden on 05/03/2016 - 11:14
"Equities had a meaningful rebound from the February lows, and we now find many who didn’t want to add at the time, are looking to enter the market at these levels. Indeed, pundits are urging investors to “chase performance”. We believe that this would be a mistake; complacency has crept into the market again, technicals appear overbought and the upturn in activity appears to be stalling."
The average price of gas in the United States is now at $2.22, up 8 cents over last week, hitting a 6-month high. This, in stark contrast to February’s ultra-low gas prices of $1.68 per gallon - a level that had not been since the end of 2008. The 30% surge off the lows is the largest seasonal spike since 2007...
Having pushed higher yesterday, it appears 'investors' have had a sudden change of heart and are panic-buying bonds today, despite Fed's Williams warning that: WILLIAMS SAYS U.S. TREASURIES ARE PRICED EXTRAORDINARILY HIGH. Treasury yields are down 5bps (2Y) to 9bps (10Y) with non-stop buying since Europe opened. 30Y yield's 7.5bps drop is the biggest since Feb 18th, pushing the yield back to its 20-day moving average.