• Tim Knight from...
    02/06/2016 - 00:25
    What we must remember is this: we are in a bear market, and the risk of a countertrend rally is present, but confined. The opportunity on the downside movement dwarfs the risk of a push higher, as...

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Credit Suisse Plunges To 25 Year Lows After Posting Enormous $5.8 Billion Q4 Loss

"The environment has deteriorated materially during the fourth quarter of 2015 and it is not clear when some of the current negative trends in financial markets and in the world economy may start to abate."


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Frontrunning: February 4

  • EU Slashes 2016 Inflation Forecast to 0.5% as Growth Seen Slower (BBG)
  • Bank of England cuts UK growth forecasts (FT)
  • Investors Cast Wary Eye on Fed Rate Increases (WSJ)
  • U.N. halts Syria talks as government closes in on Aleppo (Reuters)
  • Credit Suisse Drops as Investment Bank Slump Deepens Losses (BBG)
  • Six OPEC states ready for emergency meeting with non-OPEC members — Venezuela's minister (TASS)

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Futures Flat As Dollar Weakness Persists, Crude Rally Fizzles

After yesterday's torrid, chaotic moves in the market, where an initial drop in stocks was quickly pared and led to a surge into the close after a weaker dollar on the heels of even more disappointing US data and Bill Dudley's "serious consequences" speech sent oil soaring and put the "Fed Relent" scenario squarely back on the table, overnight we have seen more global equity strength on the back of a weaker dollar, even if said weakness hurt Kuroda's post-NIRP world and the Nikkei erased virtually all losses since last Friday's surprising negative rate announcement. Oil and metals also rose piggybacking on the continued dollar weakness as the word's most crowded trade was suddenly shaken out.


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Paul Craig Roberts: There Is No Freedom Without Truth

Conspiracies are real. There are many more of them than people are aware. Many government conspiracies are heavily documented by governments themselves with the official records demonstrating the conspiracies openly available to the public. These conspiracies alone are sufficient to chastise those uninformed Western peoples who go around saying, “our government would never kill its own people." False flag attacks are used by governments in order to pursue secret agendas that they cannot publicly acknowledge. It is late in the game. If you do not stand up for truth, you will have no freedom as there is no freedom without truth.


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The Spread Of ISIS (In 1 Disturbing "The West Is Losing" Animation)

The video below depicting the expansion of ISIS controlled territory over time exposes just how little ground has been taken back from ISIS even after almost a year and a half of coalition combat operations against it. After explosive expansion in 2013-2014, now it seems that when any territory is taken back from the Islamic State they just expand elsewhere.


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Guest Post: How The Blockchain And Gold Can Work Together

In the wake of the most recent financial and economic crisis of 2007–2008, many people have become concerned that their savings, mostly invested in fiat-denominated bank accounts and bonds, could be devaluated. This has prompted a search for "good" money. A 'colored' bitcoin - or something comparable using blockchain technology - represents a possibility.


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Hedge Funds Fight The PBOC: There Can Be Only Yuan

With every Tom, Dick, and Harry hedge fund manager now taking on The People's Bank of China (in various ways), it is no surprise that the spread between offshore Yuan and onshore Yuan blew out to its widest in 3 weeks this morning. They are not getting it all their way for now though.


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"They Rape, Kill, Destroy": Montanans Stage "Security Rally" To "Head Off" Refugee "Invasion"

"It's an invasion. A government sponsored invasion"...


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Shale Shock: Another Leg Lower In Oil Coming After Many Producers Found To Have Far Lower Breakevens

According to a report by the Bloomberg Intelligence analysts William Foiles and Andrew Cosgrove, Saudi Arabia may have its work cut out for it as it will be far harder to kill many U.S. E&Ps than analysts originally thought. The reason: a break-even model for the Permian Basin and Eagle Ford shows that oil production across five plays in Texas and New Mexico may remain profitable even when WTI prices fall below $30 a barrel, according to a 55-variable Bloomberg Intelligence model for horizontal oil wells.


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How Corruption Cripples America's Military

Amongst all corrupt aristocracies (and that’s every aristocracy), America’s takes the cake. The International Criminal Court will begin to have credibility if and when it starts to prosecute American leaders such as George W. Bush and Barack Obama, but not a minute before that time. Western gangsters lead the world right now, and Western political leaders are their agents — merely fixers, for those elite gangsters.


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Meet The World Leader Who Stole His Citizens' Gold

Financially insolvent governments of major superpowers do not simply go gentle into that good night. They don’t suddenly turn over a new leaf and start embracing economic freedom. Instead, they get worse. More desperate. More destructive. Should we honestly believe that they can continue racking up more debt than has ever existed in the history of the world without any consequences? This is madness. As Mark Twain used to say, history may not repeat, but it certainly rhymes.


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PBOC Strengthens Yuan By Most In 2 Months As Golden Week Looms

With just one more day of trading before China's lunar new year and Sping Festival Golden Week holiday, it appears The PBOC wants to flex its intervention muscles. By strengthening the Yuan fix by 0.16% (the most in 2 months) to 1-month highs, it seems China is trying to send a message before it practically closes for a week...


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The Continuing Demonization Of Cash

Centuries-old legal protections have been turned on their head in the war on cash. The insidious nature of the war on cash derives not just from the hurdles governments place in the way of those who use cash, but also from the aura of suspicion that has begun to pervade private cash transactions. The assumption on the part of government today is that possession of large amounts of cash is indicative of involvement in illegal activity.


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Iraqi Kurd Leader Wants Independence Referendum: "The Time Has Come And The Situation Is Suitable"

"The same way that Scotland, Catalonia and Quebec and other places have the right to express their opinions about their destiny, Kurdistan too has the right, and it's non-negotiable."


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