Archive - Nov 2015 - Story

After failed breakouts earlier in the year, the charts of the Asian Tiger Cub markets suggest more trouble may lie ahead... as The Fed's decision looms.

After this week's vaporization of $29 billion of liabilities ($230 million of which was owed to the US Taxpayer) amid Abengoa's bankruptcy (Spain's 'Solyndra'), we thought it worth reminding the world's greater fools, just how "green" energy works...

In the short run this will probably lead to dramatic and unexpected change in financial flows. Over the longer run, a much-overlooked problem emerges. Simply put, it is highly unlikely that market rates will respond as the Fed moves its target rate upwards; in this case, the FOMC will have lost all control.

While many in The West had hoped for a "see, we told you so" strongman military response from Vladimir Putin, it appears the Russian leader has, for now, taken a more practical approach. The wide-ranging sanctions unleashed on Turkey (by its 2nd largest trade partner) include a ban on Turkish workers (with estimates that 90,000 will be fired by Jan 1 2016), restrictions on imported goods and services provided by Turkey, and scraps visa-free travel and bans charter flights (implicitly hurting a major part of Turkey's domestic industry). Finally, Putin calls for "strengthening of port control and monitoring to ensure transport safety," hinting at the fears many have voiced over whether Turkey shutting the Bosphorous in an escalation would be seen as an act of war.

If we assume that China’s hard landing can and will get hard-er-er, it’s worth asking which assets and currencies have priced in a further deceleration in the world’s engine of global growth and trade. Barclays has more on what’s expensive and what’s cheap vis-a-vis persistent deterioration in the Chinese growth story.

“There was no fear anymore after I took Captagon...You don’t have any problems. You don’t even thinking about sleeping or leaving the checkpoint. It gives you great courage and power,”

Members,

Complex and volatile economic and financial situations in China and abroad are adding uncertainty to market. Members should remind investors to be prudent in judging market information and to be rational with investment decisions to maintain a smoothly running market.

As the US struggles to contain the Taliban, Kabul is set to receive a shipment of 10,000 Kalashnikovs from Moscow. Afghan lawmakers have also requested helicopter gunships and are now considering allowing Russia to participate directly in anti-terror ops. However, with Iran (The Kremlin's staunchest regional ally) having forged an unlikely alliance with the Taliban in an effort to subvert US influence and counter ISIS, questions abound regarding just who Russia would be targeting and who will be on the receiving end of the new AK-47s.

They sell sex for a piece of bread – so to say – “in order to eat or cover basic needs and extra expenses as they have no money,” The Times and Lazos on The Times claim. “80% of prostitutes in Greece are Greek women aged 17 to 20”. The price for sex has dramatically decreased from €50 euro for 60 minutes down to “€2 for half an hour.“

Consider how insulting it is! Why is the president of the country better qualified than we are to determine where our resources will do the most good? Why are members of Congress or local politicians? Who on earth do these folks think they are? Advocates of government wealth redistribution blatantly insult the rest of us by denying us the good sense it takes to spend our wealth.

The US E&P sector could be on the cusp of massive defaults and bankruptcies so staggering they pose a serious threat to the US economy. Without higher oil and gas prices — which few experts foresee in the near future — an over-leveraged, under-hedged US E&P industry faces a truly grim 2016.  "I could see a wave of defaults and bankruptcies on the scale of the telecoms, which triggered the 2001 recession."

If America is so 'exceptional' why is it the world's leader in needing to 'change'...

What follows is Mark, armed with just a bullhorn, taking on several hundred consumption zombies waiting in line at Best Buy, armed with just their overdrawn credit cards, or as he calls them "enemies of America. A symptom of this failed country. When this country is bankrupt, and it will be soon, you look in the mirror and that's who you blame."