Archive - Nov 2014

“I guess I’ll shake your hand but I have only one thing to say to you: you need to get out of Ukraine,” Harper told Putin, the prime minister’s spokesman Jason MacDonald said in an e-mail.

Putin’s response to the comment wasn’t positive, MacDonald said, without elaborating

Needless to say, this relentless expansion of the bubble eventually kills off the bears, the skeptics, the prudent and even the militantly incredulous. Undoubtedly, that is where we are now because the global economic news has been uniformly negative since the October dip, yet the market has resumed its relentless melt-up. Under such circumstances, therefore, it is well to remember that we are in the middle of the greatest central bank fueled inflation in recorded history, and that this insidious inflation has been channeled into financial assets owing to the arrival of peak debt everywhere around the world. But that is the Achilles heel of the game. As the bubble takes on ever greater girth, it becomes increasingly susceptible to a negative shock to confidence.

The mainstream press has faithfully repeated every press and PR statement made by the shale producers. And if you simply followed the headlines, you might even believe this about the US: It is soon going to be energy independent; Its oil production will surpass even Saudi Arabia putting it in the number one spot, and The US will even be exporting oil again like the days of old. The only problem with this story is that it is misleading in some very important ways. And entirely false in others.

If you thought Greek GDP was an impressive miracle of modern monetary policy manipulation... take a look at the 'gap' between European revenues and earnings...

Brace yourselves, the zero sum game is on like Donkey Kong.

"We are growing concerned about the potential for a pause or near term correction in the S&P500," warns BofAML's MacNeil Curry, as the options market flashes a warning to US equity bulls.

Endless War Is the Agenda

The weak dollar trend has lasted long enough to become embedded in diversified portfolio models used by financial advisors as many have accepted typical non-dollar ETFs as a common investment inclusion for most diversified portfolios.

But things are changing.

Our world, our life, has been built on debt and propaganda for many years. They have kept us from noticing how poorly we are doing. But now a third element has entered the foundation of our societies, and it’s set to eat away at everything that has – barely – kept the entire edifice from crumbling apart. Deflation.

For anyone curious how banks "represent and warrant" that they have thousands of tons of physical gold when in reality they have far less if not zero physical in storage and all in "synthetic" form, here is the blow by blow.

A common refrain from those who are awakening is they suddenly find themselves living with someone they no longer ‘know’. Rarely do they understand their partner may actually feel the same way.

We need to restructure the world economy - right this very instant. The US economy is holding up the entire world economy right now and the growth rate is minimal. When we turn the economy down, look out below. These morons have been hunting taxes everywhere and as a result they have shut down global capital flows. Government lives in an illusion. These idiots have destroyed the world economy and we will understand the full impact soon.

"You might think legions of retiring Baby Boomers are to blame, or perhaps the swelling ranks of laid-off workers who’ve grown discouraged about their re-employment prospects. While both of those groups doubtless are important (though just how important is debated by labor economists), our analysis of Bureau of Labor Statistics data suggests another key factor: Teens and young adults aren’t as interested in entering the work force as they used to be, a trend that predates the Great Recession." - Pew

While most people's attention has been focused on the demise of the Russian Ruble this year, since the June highs in Crude Oil, the oil-producing nations of the world have seen their currencies devalue rapidly. From Brazil to Nigeria and Algeria, the impact of lower oil revenues is starting to create a vicious circle for many of these nations... and having consequences for the very Petrodollar flows that the US relies upon...

A look at the price action of the dollar, S&P 500 and US 10-year yields as if analysis matters.