Archive - Aug 16, 2014

Tyler Durden's picture

Ferguson Protesters Refuse To Leave As Midnight Curfew Passes; Police In Riot Gear Present: Live Feeds





As reported earlier, the governor of Missouri announced earlier his afternoon that starting midnight, a curfew will be imposed on Ferguson until 5 am as part of the state of emergency unviled by the governor. The only problem is that with about an hour to go, the protesters have filled the streets and are refusing to disperse, even as police in riot gear is present and roadblocks have been setup. So will this be another violent night, this time with mass arrests, as the Ferguson population violates the governor's curfew, or will everyone manage to get along? Track the events in real time as they are about to unfold with these three live feeds.

 

williambanzai7's picture

BaNZai7 NeWS: LooTeRS!





Happening now at the Federal Reserve Convenience Store...

 

Tyler Durden's picture

"God Willing, We Will Raise The Flag Of Allah In The White House" - A Deeper Look Inside ISIS





"God willing, we will raise the flag of Allah in the White House." This is what an ISIS militant told the camera when we watched the first two parts of Vice News' groundbreaking inside look into the Islamic State's caliphate. And while we still don't know if ISIS is anywhere near close to making good on its threat to the American president's place of residence, here are the next two parts of Vice's 5-part "Islamic State" series.

 

Tyler Durden's picture

Why The Fed Can't, And Won't, Let The Stock Market Crash





Why can't, or rather won't, the Fed let the bubble market collapse once again? Simple - as the following chart shows, the illusion of wealth is now most critical when preserving the myth of the welfare state: some 50% of all US pension fund assets are invested in stocks and only 20% in Treasurys.

 

Tyler Durden's picture

State Of Emergency, Curfew Issued For Ferguson





It was only a matter of time before Ferguson became the Americanized version of Gaza. After last night's looting in which the local police was inexplicably instructed to stand down by the state highway patrol, moments ago Missouri's governor ,Jay Nixon, issued a local state of emergency and imposed a nighttime curfew lasting from midnight until 5 am. As the WSJ reports, at the Greater St. Mark Family Church in St. Louis, Gov. Jay Nixon said the overwhelming number of protesters have been peaceful. But the governor said he would not allow a small number of violent rioters to emerge again in the wake of a police-involved fatal shooting of 18-year-old Michael Brown one week ago. "If we are going to have justice, we must first have and maintain peace," the governor said adding that this is a test if the "town can break the cycle of fear." From where we stand, the answer so far is a resounding no.

 

Tyler Durden's picture

Congressman Hank Johnson Will Introduce Bill To Stop The Militarization Of Police





President Obama has once again proved his irrelevance and uselessness by failing to say anything meaningful on the disturbing events of the past week. In fact, he only decided to address it personally and publicly yesterday after being heavily criticized for issuing a press release about the party he attended in Martha’s Vineyard as civilians in Missouri clashed with a paramilitary police force. Despite Obama’s complete apathy, there are some Congressmen forcefully speaking out against the trend from “both sides” of the increasingly meaningless Republican and Democrat divide. The most noteworthy thus far appears to be Democrat Rep. Hank Johnson of Georgia’s 4th Congressional district. In fact, he has sent a Dear Colleague letter to fellow representatives of his intention to introduce the Stop Militarizing Law Enforcement Act in September when Congress returns from recess.

 

Tyler Durden's picture

Seven Charts That Leave You No Choice But To Not Feel Optimistic About The US Economy





At the end of July, 2014, an article was distributed called “seven charts that leave you no choice but to feel optimistic about the US economy”. Although the facts that they presented are correct, the conclusion that they drew is not. In the following sections, we will examine and refute each of the seven pieces of "evidence" that were presented.

 

Tyler Durden's picture

Mission Creep: From Rescuing Iraq Refuges, The US Is Now Assisting Kurds In Fighting ISIS With Drones, F-18s





Just over a week ago, Obama announced that the US military intervention in Iraq would be solely under the pretext of "humanitarian intervention" while US troops would be deployed exclusively as "advisers", and nothing else. 7 days later, the siege on Mount Sinjar is virtually over with the US announcing that "far fewer Iraqi refugees were found on mount Sinjar", and yet the US finds it difficult to leave: something which the current president crusaded against his predecessor over. And today it was finally confirmed that the latest US airborne assault of Iraq (so far without a land invasion force) has just suffered terminal mission creep, when US airstrikes, by both F-18s and drones, were used not to protect and safeguard the besieged refuges but to aid Kuridsh forces in retaking the critical Mosul dam from ISIS militants who took control of the critical piece of infrastructure in early August.

 

Phoenix Capital Research's picture

The Fed Has Set the Stage For Another 2008-Style Disaster





So…the US economy is allegedly in recovery… the financial markets are fixed… and all is well in the world. But the Fed cannot risk raising interest rates to normal levels because Wall Street has over $12 trillion (more like over $100 trillion) in derivatives contracts that could blow up.

 

Tyler Durden's picture

The Three Branches Of Government In One Cartoon





The golf ball buck stops here.

 

Tyler Durden's picture

Japan’s Keynesian Demise: A Cautionary Tale For Our Times





The ragged Keynesian excuse that all will be well in Japan once the jump in the consumption tax from 5% to 8% is fully digested is false. Here’s the problem: this is just the beginning of an endless march upwards of Japan’s tax burden to close the yawning fiscal gap left after the current round of tax increases, and to finance its growing retirement colony. There is no possibility that Abenomics will result in “escape velocity” Japan style and that Japan can grow its way out of it enormous fiscal trap. Instead, nominal and real growth will remain pinned to the flatline owing to peak debt, soaring retirements, a shrinking tax base and a tax burden which will rise as far as the eye can see. Call that a Keynesian dystopia. It is a cautionary tale for our times. And Japan, unfortunately, is just patient zero.

 

Tyler Durden's picture

It's A Funny Old World - One Little Old Russian Convoy





It’s a funny world when stocks can soar on a -6.8% Japanese GDP print but stumble when a Russian armored personnel carrier finds itself on the wrong end of a Ukrainian howitzer shell. That’s what you get, though, in the Golden Age of the Central Banker, as all events are filtered through the narrative of central bank control.

 

Tyler Durden's picture

Have We Forgotten What An Authentic Market Is?





The irony of maintaining a veneer of authenticity over a fundamentally inauthentic market is rich: the more the authorities manipulate the market to maintain high valuations and suppress turbulence, the greater the odds of a collapse of trust as inauthentic markets cannot self-correct or discover the price of assets, capital and risk. Once risk has been effectively hidden by perception management, participants lack the essential information they need to make informed decisions. And so their decisions will be catastrophically mis-informed. This is how declines morph into crashes.

 

EconMatters's picture

Hysterical Fear Mongering by Media Needs to Stop





Traders and market participants are pretty bad at decision making as it is, the last thing they need is inaccurate information via sensationalized and overhyped TMZ Style News reports to base their decision making process on.

 
Do NOT follow this link or you will be banned from the site!