"A smart politician can see that if somehow the consumption of middle-class householders keeps rising, if they can afford a new car every few years and the occasional exotic holiday, and best of all, a new house, they might pay less attention to their stagnant monthly paychecks. And one way to expand consumption, even while incomes stagnate, is to enhance access to credit."
The Trans-Pacific Partnership: Permanently Locking In The Obama Agenda For 40% Of The Global EconomySubmitted by Tyler Durden on 10/06/2015 - 18:29
We have just witnessed one of the most significant steps toward a one world economic system that we have ever seen. Negotiations for the Trans-Pacific Partnership have been completed, and if approved it will create the largest trading bloc on the planet. In this treaty, Barack Obama has thrown in all sorts of things that he never would have been able to get through Congress otherwise. And once this treaty is approved, it will be exceedingly difficult to ever make changes to it. So essentially what is happening is that the Obama agenda is being permanently locked in for 40 percent of the global economy.
"If Donald Trump doesn’t fall, I'll either move out of the country or join the resistance. I just think it's a phenomenon of reality television as politics and I think that that is how it started. Reality television, as you all know, is based on conflict. All he is is about conflict and it's all about the negative conflict. He's a self-promoting huckster who found a vein, a vein of meanness and nastiness."
"Our model indicates the US equity market could potentially drop by 30% in the event of an ‘EM lost decade’ and by 60% in the event of a China hard landing (i.e. S&P 500 back to its lows)."
Courtesy of Sharelynx' Nick Laird who tracks precious metal premium by vendor, we continue our recent series showing the discrepancy between paper and physical metals, in this case silver. As Nick notes, APMEX price premiums are a lot higher than the Monex. And as can be seen in the charts below, premiums rose above 50% for 1-19 coins & above 40% for 500 plus coins.
"The strong stock market rally during the last few days has pushed the S&P 500 near its highest closing level since the correction began in late August. This has boosted optimism that the recent selloff may be ending. While this could certainly prove to be the case, we remain less sanguine that the vulnerabilities, which initially produced this correction, have yet to be resolved. Ultimately, we expect a more fearful investment culture suggesting a final capitulation and more importantly, a lower stock market valuation level able to withstand a less hospitable recovery as the economy nears full employment."
"In the event of a downgrade by Standard & Poor’s and/or Moody’s from current ratings to the level(s) immediately below... there are $4.5 billion of bonds outstanding, where a 125bps margin step-up would apply, in the event that the bonds were rated sub-investment grade by either major ratings agency."
"The closest has been within a handful of miles of our remotely piloted aircraft"...
"This is a real war on Sunnis, their countries and their identities. Join a jihad against the enemy of God and your enemy and Muslims will back you every way they can."
"He’s no babbling idiot nor is his life worthless. He’s very intelligent and is working on a career in filmmaking. My 18 years worth of experience with and knowledge about Asperger’s syndrome is paying off."
"As you know, the environment for global macro fundamentals-based trading continues to be challenging. That factor, combined with the lack of certainty over when a recovery will take hold, led us to conclude that the time was right to return capital to you."
If circumstances of any incident appear not to add up, it’s pertinent to thoroughly examine the current narrative for signs the State is attempting to mold public opinion — because it is there you will find the truth that you’re not being told. In the case of MSF, a massive treaty cum trade deal involving U.S. interests in another part of the world from the tragedy in Kunduz can offer, perhaps, insight which might otherwise seem unrelated. As it turns out, MSF have been particularly vocal critics of the impending Trans-Pacific Partnership — and their criticism hasn’t gone unnoticed.