• dazzak
    09/01/2015 - 21:45
    Wax on Wax off.....things could spiral out of control rather quickly

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Unusually Massive Protests Erupt in Japan Against Forthcoming "War Legislation"

In case you aren’t up to speed on your Japanese history, the nation’s post WWII Constitution prohibits military action unless it’s in self-defense. Clearly a sensible approach, which is why the current Japanese government, led by the demonstrably insane and incompetent Prime Minister Shinzo Abe, wants to get rid of it. Not only will this action increase the likelihood of World War III in the Far East, but it’s another important example of a government acting against the will of the people. Democracy is dead. Globally. If we fail to bring it back, history will see us as one of the most inept and spineless generations in history.



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How China Cornered The Fed With Its "Worst Case" Capital Outflow Countdown

China has just cornered the Fed: not just diplomatically, as observed when China's PBOC clearly demanded that Yellen's Fed not start a rate hiking cycle, but also mechanistically, as can be seen by the acute and sudden selloff across all asset classes in the past 3 weeks. Now Yellen has about 365 days or so to find a solution, one which works not only for the US, but also does not leave China a smoldering rubble of three concurrently burst bubbles. Good luck.



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China Rocked By Another Massive Chemical Explosion

Seriously, what the f##k is going on over there?

*BLAST SEEN IN CHEM. IND. ZONE IN SHANDONG, CHINA: PEOPLES DAILY

This is the second explosion in Shandong, which both follow the huge and deadly explosion in Tianjin.



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Monday Humor: Go 'West' Young Men

First Trump, now this...!?



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Preparing For A Potential Economic Collapse In October

There’s no question that the world economy has been shaky at best since the crash of 2008. Yet, politicians, central banks, et al., have, since then, regularly announced that “things are picking up.” One year, we hear an announcement of “green shoots.” The next year, we hear an announcement of “shovel-ready jobs.” And yet, year after year, we witness the continued economic slump. Few dare call it a depression, but, if a depression can be defined as “a period of time in which most people’s standard of living drops significantly,” a depression it is.



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Recession Odds Surge To 47%, Highest Since 2011

Assuming that after being wrong for 7 years about everything, economists are actually right about the market still having some discounting abilities left, what then is the market telegraphing? The answer, according to the Bank of America: the biggest surge in recessionary odds since 2011, which over the past few days have nearly hit a 50% probability of an economic slowdown.



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If The Fed Is Always Wrong, How Can Its Policies Ever Be Right?

One of the most curiously persistent surrealisms of Washington, DC is the reflexive deference given the Federal Reserve System. The Washington elite tends to accord more infallibility to the Fed than do Catholics the Pope.



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When Every Option In The Financial System Is Grounded In Absurdity, It's Time To Look Elsewhere

The fundamentals for the US dollar are terrible, but people keep dumping money into it like trained monkeys simply because nothing else in financial markets makes any sense. This perception of 'safety' is based on a complete myth - every credible fundamental suggests that the dollar is dangerously overvalued; but if not the US dollar, then which currency is the safe haven? The euro is garbage, the Chinese are fighting a depression, Japan is a disaster. And that’s precisely the point. When every option in the financial system is grounded in absurdity, the only solution is to start looking for safety outside of it.



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Economics 102: WalMart Cuts Worker Hours After Hiking Minimum Wages

Don’t look now, but undergrad economics is rearing its ugly again at Wal-Mart as the retailer cuts workers’ hours in a desperate attempt to offset more than a billion in wage hikes.



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Guest Post: Stanley Fischer Speaks - More Drivel From A Dangerous Academic Fool

With every passing week that money markets rates remain pinned to the zero bound by the Fed, the magnitude of the financial catastrophe hurtling toward main street America intensifies. When the next financial bubble crashes it can only be hoped that this time the people will grab their torches and pitchforks. Stanley Fischer ought to be among the first tarred and feathered for the calamity that he has so arrogantly helped enable.



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Citi Slams Today's Historic Oil Surge: "Another False Start, Time To Fade The Rally"

Moments ago Citi's Edward Morse who, together with Goldman, has been bearish on oil for a good part of the past year, just slammed today's crude breakout and doubled down on his double-dead cat skepticism, when he released a report titled "Another False Start…Time to Fade the Rally" whose punchline is that "Citi foresees that WTI and Brent prices should post another fresh leg lower—perhaps making new 2015 lows—before year-end."



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Saudi Arabia's Stock Market Just Logged Its Worst Month Since Lehman

"A cloudy fiscal policy along with unattractive economic data and oil prices continuing to decline fueled negative sentiment about the market which exaggerated fears among investors."



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Three US Citizens Sentenced For Conspiracy To Start A Revolution Using WMDs

While the US has had a surge in violence over the past several years, its defining feature was the generally chaotic and uncoordinated nature of each such - usually lethal - act. That changed over the weekend when the FBI announced three US citizens - Brian Cannon, 37, Terry Peace, 47, and Cory Williamson, 29, - were sentenced to 12 years in prison for "conspiring to use weapons of mass destruction in attacks against federal government agencies. The defendants planned to attack critical infrastructure while motivating militia groups in other states to rise up and join them in removing government officials who they believed had exceeded their Constitutional power."



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Rewriting The Rules - Trump's Rise Is Unprecedented

"In the almost 20 years I have spent following politics closer than close, I've never seen anything like the total reversal in how Trump is perceived by Republican voters. It is, quite literally, unprecedented."



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