French Police Shoot Man With Knife, Bomb Vest On Charlie Hebdo Anniversary
Submitted by Tyler Durden on 01/07/2016 - 07:57
On the one year anniversary of the Charlie Hebdo attacks, one man decided to "celebrate" by storming a police station in Paris - with a knife. He was promptly shot.
Frontrunning: January 7
Submitted by Tyler Durden on 01/07/2016 - 07:40- China turmoil sends oil, stocks sliding (Reuters)
- China's Stock Traders Go Home After 29 Minutes (BBG)
- Yuan hits weakest since Feb 2011 on fresh low midpoint (Reuters)
- Stocks Extend Rout, Oil Slides on China as Soros Warns of Crisis (BBG)
- China's 29 Minutes of Chaos: Stunned Brokers and a Race to Sell (BBG)
- North Korea Uses Bomb Test to Boost Dictatorship (WSJ)
Global Stocks Crash After Spiraling Chinese Devaluation Unleashes Worldwide Chaos And Selling
Submitted by Tyler Durden on 01/07/2016 - 07:34
Once China set the Yuan fixing some 0.5% lower, the biggest drop since the August devaluation, all hell broke loose and unleashed a global selling panic after China's stock market was promptly shut down less than 30 minutes into trading, then European shares dropped the most in more than 4 months as Asian equities plunges, as did US stock futures, the dollar weakened against the euro and the yen; crude plunged to fresh 12 year lows. Gold rose.
Iran Accuses Saudi Arabia Of Bombing Its Embassy In Yemen
Submitted by Tyler Durden on 01/07/2016 - 07:18
In a move that could very well lead Iran to take the "proxy" out of Yemen's proxy war, Saudi Arabia has reportedly bombed the Iranian embassy in Sana'a, injuring staff in what Tehran says was a "deliberate" attack. "My classmate and I were at recess when a huge explosion hit the neighborhood. We ran to the side and she fell to the ground in fear."
George Soros: It's 2008 All Over Again
Submitted by Tyler Durden on 01/07/2016 - 06:00
Surging volatility in global equity, currency, and credit markets and significant stress in a major world economy have George Soros on edge. Speaking at an economic forum in Sri Lanka, the billionaire hedge fund manager warned global markets are facing a crisis and investors need to be very cautious. On the heels of the second trading halt in four days, Soros exclaimed "I would say it amounts to a crisis... which reminds me of 2008."
Here We Go Again: China Halts Trading For The Entire Day After Another 7% Crash
Submitted by Tyler Durden on 01/06/2016 - 23:55
CHINA STOCKS HALTED FOR REST OF DAY AFTER CSI 300 TUMBLES 7% - Following the collapse of offshore Yuan to 5 year lows and decompression to record spreads to onshore Yuan, The PBOC has stepped in and dramatically devalued the Yuan fix by 0.5% to 6.5646. This is the biggest devaluation since the August collapse. Offshore Yuan trading has been violent with a 1000 pips swing on Yuantervention. Dow futures are plunging... WTI trades at a $32 handle... Gold hits $1100.
TransCanada Sues Obama Administration; Says Keystone Pipeline Rejection Was Unconstitutional
Submitted by Tyler Durden on 01/06/2016 - 23:01
Obama's Keystone pipeline rejection "mission accomplished" banner has just led to a big slap on the face of the former constitutional expert, and could carry a multi-billion dollar chage after late this afternoon, TransCanada filed a lawsuit in Federal court in Houston, suing the U.S. government and claiming the Obama acted unconstitutionally when he rejected the Keystone XL, while also seeking $15 billion alleging the pipeline denial was "arbitrary and unjustified."
Eyewitness Account Of The "Monstrous" Migrant Attacks In Germany: "It's Like Civil War"
Submitted by Tyler Durden on 01/06/2016 - 22:51
"These people that we welcomed just three months ago with teddy bears and water bottles ... started shooting at the cathedral dome and started shooting at police. Well seasoned police officers then confessed to me that they never saw something like this in their entire lives."
Paul Craig Roberts: The Rule Of Law No Longer Exists In Western Civilization
Submitted by Tyler Durden on 01/06/2016 - 22:25
American justice is a joke. It does not exist. The USA is a lawless country. By that we do not mean what conservative Republicans mean, which is, if we understand them, that racial minorities violate law with something close to impunity. What we mean is that only the mega-banks and the One Percent have legal protection, and that is because these people control the government. For everyone else law is a weapon in the hands of the government to be used against the American people.
Cologne Mayor Slammed For Telling German Women It Is Their Responsibility To Keep Rapists At "Arm's Length"
Submitted by Tyler Durden on 01/06/2016 - 21:50
“There’s always the possibility of keeping a certain distance of more than an arm’s length – that is to say to make sure yourself you don’t look to be too close to people who are not known to you, and to whom you don’t have a trusting relationship. We need to explain to people from other cultures that the jolly and frisky attitude during our Carnival is not a sign of sexual openness."
Enough Already! It's Time To Send The Despicable House Of Saud To The Dustbin Of History
Submitted by Tyler Durden on 01/06/2016 - 21:15
For more than four decades Washington’s middle eastern policy has been dead wrong and increasingly counter-productive and destructive. Washington’s Mideast policy is predicated on the assumption that the answer to high oil prices and energy security is deployment of the Fifth Fleet to the Persian Gulf. And that an associated alliance with one of the most corrupt, despotic, avaricious and benighted tyrannies in the modern world is the lynch pin to regional stability and US national security. Nothing could be further from the truth. The House of Saud is a scourge on mankind that would have been eliminated decades ago, save for Imperial Washington’s deplorable coddling and massive transfer of arms and political support.
Options Traders See Yuan Collapse Continuing In "Dangerous Situation For Policy-Makers"
Submitted by Tyler Durden on 01/06/2016 - 20:40
Surely, The PBOC will step in at some point and save the collapsing currency? Nope - not if options traders (and Kyle Bass) are to be believed. The odds of the yuan breaking beyond 7 to the greenback by the end of March more than doubled to 12% (from 5.8% at the start of December). Ironically, Bloomberg reports only 1 of 39 analyst predicts Yuan to trade beyond 7 by the end of 2016. The market's extremely strong conviction, and apparent PBOC loss of control is "a dangerous situation for policy-makers" according to one Asian economist.
2016 Theme #3: The Rise Of Independent (Non-State) Crypto-Currencies
Submitted by Tyler Durden on 01/06/2016 - 20:05
The invention of the blockchain and crypto-currencies such as Bitcoin have opened the door to non-state, non-central-bank currencies - money that is global and independent of any state or central bank, or indeed, any bank. This doesn't just open the possibility of escaping the debt-serfdom of central and private banks - it opens the door to an entire global economy that's free of the inequality and concentration of wealth and power that is the only possible output of central bank created and distributed money.
Gallup Explains Trump: "A Staggering 75% Of Americans Believe In Widespread Government Corruption"
Submitted by Tyler Durden on 01/06/2016 - 19:32
What explains America's revulsion with the existing system? The answer comes from the latest Gallup article: "Explaining Trump: Widespread Government Corruption" in which it finds that once the silent majority of the population can identify the object of their distrust and anger - in this case Congress and the political status quo - and once they can subsequently identify an object that represents its opposite, the latter object's distance to the Oval Office becomes considerably shorter.
