Archive - Apr 10, 2015
One Last Look At The Real Economy Before It Implodes - Part 4
Submitted by Tyler Durden on 04/10/2015 21:49 -0500The implosion of America serves a very particular purpose. It is not a product of blind coincidence, fate, political stupidity or corporate greed. It is an engineered event meant to clear the way for an even more sinister economic environment designed to establish a final economic empire with the purpose of permanently enslaving us all.
Dust Bowl 2.0: California's Historic Drought About To Get Even Worse As "Snowpack Melts Early Across The West"
Submitted by Tyler Durden on 04/10/2015 21:46 -0500It has been a bad year for California whose drought is rapidly approaching historic proportions: according to the LA Times, which cites climatologist Michael Anderson, "you’re looking on numbers that are right on par with what was the Dust Bowl." And it is about to get even worse. According to the USDA, the west-wide snowpack is melting earlier than usual, according to data from the fourth 2015 forecast by the United States Department of Agriculture's Natural Resources Conservation Service (NRCS). "Almost all of the West Coast continues to have record low snowpack," NRCS Hydrologist David Garen said. "March was warm and dry in most of the West; as a result, snow is melting earlier than usual."
Portrait Of American Oligarchy: The Very Troubling Income & Wealth Trends Since 1989
Submitted by Tyler Durden on 04/10/2015 21:10 -0500
"Not everything that is faced can be changed; but nothing can be changed until it is faced." - James Baldwin
Chinese Economy "A Lot Worse Than You Think," Bloomberg Says
Submitted by Tyler Durden on 04/10/2015 20:35 -0500Bloomberg goes to China and discovers what we've known all along... that it's "as bad as the data looks, or worse."
White House Admits, US States Need To Be Better Prepared For Fiscal Volatility
Submitted by Tyler Durden on 04/10/2015 20:00 -0500“What the Great Recession has shown is that things have fundamentally changed,” The White House warned this week and, as Bloomberg reports, states would have to cut spending or raise revenue by a combined $21 billion in the event of a recession, further exacerbating economic weakness, Moody’s Analytics found in a stress test of state finances. While investors are willingly buying bonds with both hands and feet, The White House warns, states "need to be much more prepared for very volatile fiscal conditions than they had been in the past."
Here’s What’s Killing the American Dream
Submitted by testosteronepit on 04/10/2015 19:56 -0500And it’s dragging down the economy.
Japan QE Limit Approaching As Goldman Says BoJ Risks Losing Crediblity
Submitted by Tyler Durden on 04/10/2015 19:25 -0500Is the BoJ's back against the wall? We certainly think so as the evidence increasingly supports the notion that the central bank is bumping up against the limits of accommodative monetary policy and may soon be headed — as we've variously predicted —for "failed nation" status.
Germany Orders 100 Tanks To "Ensure Troops Are Ready To Respond To Russian Assertiveness"
Submitted by Tyler Durden on 04/10/2015 18:51 -0500With Jean-Claude Juncker demanding a Unified European Army, it appears Germany is wasting no time in simultaneously boosting its own economy with warfare spending and comforting a 'fearful populace' with more military might. As Reuters reports, Germany plans to procure more than 100 additional Leopard 2 tanks, increasing its total Leopard 2 tank inventory by a whopping 45% a government spokesman said on Friday, as it seeks to ensure its "troops are ready for action in response to concerns over recent Russian assertiveness."
Only Delusional Stockbrokers Could Love This Market
Submitted by Tyler Durden on 04/10/2015 18:50 -0500
Martin Armstrong Asks: "Is There Something Behind The Power Outage In Washington DC?"
Submitted by Tyler Durden on 04/10/2015 18:45 -0500"The April 7th, 2015 power outage in Washington DC is curious to say the least. Virtually instantaneously, the government declare it was not a terrorist attack. After all, how could that possibly be when the NSA guards the country. If there was an attack on the power-grid, then the NSA would have to answer for their failure. So clearly, if it was an attack, they would never admit it."
Define Irony: Obama Concerned China Using "Size, Muscle" To Bully Other Countries
Submitted by Tyler Durden on 04/10/2015 18:15 -0500The White House is concerned that China may be using its size and power to "force other countries" into subordinate positions". This accusation seems particularly amusing given that it seems to describe US foreign policy perfectly.
"I Wouldn't Say It's A Bubble," HSBC China Strategy Chief Says Of The Country's Leverage-Driven, Equity Frenzy
Submitted by Tyler Durden on 04/10/2015 17:05 -0500Amid a historic margin-fueled equity buying frenzy in mainland China that has tech stocks trading at 200X and drove more than 4 million new "investors" into the market in March alone, HSBC's Head Of China Equity Strategy sits down with FT to explain, on video, why it's different this time and why there may be more upside to come for Hong Kong's day-trading housewives.
VIX Closes At 5-Month Lows, BofA Warns Volatility Term Structure Is A "Significant Concern"
Submitted by Tyler Durden on 04/10/2015 16:50 -0500At 12.58, VIX closed today at its lowest level since December 4th 2014 (which makes perfect sense, given the forward-looking volatility implied by each and every macro data item and earnings release in the next month). However, as BofA notes, the VIX term structure (VXV / VIX) suggests "significant concern" about this advance in stocks being sustained.
Nobel Peace Prize Winning President Keeps Sending Troops To Iraq, Total Now At 3500
Submitted by Tyler Durden on 04/10/2015 16:30 -0500From no 'boots on the ground' in Iraq to 3500 US troops supporting "Operation Inherent Resolve" in 9 months... promises promises Mr. Obama.
Here's The Chart That Deutsche Bank Says Everyone Needs To Look At
Submitted by Tyler Durden on 04/10/2015 16:05 -0500"In my view, every asset allocation team in the world should have this chart hanging on their wall," - Deutsche Bank Chief Economist Torsten Sløk



