Archive

April 20th, 2015

Tyler Durden's picture

Noam Chomsky: "The Idea Of A Media Which Does Not Repeat US Propaganda Is Intolerable To American Leaders"





"Take the New York Times -- the greatest newspaper in the world. Take one example, at the first article that appeared today, that the tentative [nuclear] agreement with Iran was reached. It’s a thinkpiece, by Peter Baker, one of their main analysts. He discusses in it the main reasons to distrust Iran, the crimes of Iran. It’s very interesting to look at. The most interesting one is the charge that Iran is destabilizing the Middle East because it’s supporting militias which have killed American soldiers in Iraq. That’s kind of as if, in 1943, the Nazi press had criticized England because it was destabilizing Europe for supporting partisans who were killing German soldiers."

 

Tyler Durden's picture

Steen Jakobsen: Get Ready For The Biggest Margin Call In History





Economist Steen Jakobsen, Chief Investment Officer of Saxo Bank, believes 2015 will be another "lost year" for the economy. And he predicts the Federal Reserve will indeed start to raise rates later this year, surprising the market and taking the wind of out asset prices. He recommends building cash and waiting to see how the coming storm - which he calls the "greatest margin call in history" - plays out...

 

Tyler Durden's picture

Chinese Economic Outlook "Skewed Heavily To The Downside," BNP Says





"The outlook for Chinese demand, in contrast to optimistic forecasts of producers, is skewed heavily to the downside," BNP says, in a new note warning of further deflationary pressures and protracted weakness in iron ore prices. For those who still think a "hard landing" can still be avoided, look no further for evidence to the contrary.

 

Tyler Durden's picture

Another Reason To Move Away From California: "Conditions Are Like A Third-World Country"





All over the southwest United States, we are seeing conditions that we have not witnessed since the days of the Dust Bowl in the 1930s. If anyone actually needed another reason to move out of the crazy state of California, now it is being reported that conditions in some areas of the state “are like a third-world countrydue to the multi-year megadrought that has hit the state. Millions of Californians have fled the state in recent years, and this water crisis could soon spark the greatest migration out of the state that we have ever seen.

 

Tyler Durden's picture

Secretary Of State For Hire: Hillary Clinton Made Millions From Foreign Donors In Exchange For "Favors"





What will be revealed in a new book "Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich,” by Peter Schweizer, is something very sinister: foreign entities made payments to the Clinton Foundation and to Mr. Clinton through high speaking fees expected, and received, favors from Mrs. Clinton’s State Department in return.  This means that during her tenure as Secretary of State, Hillary Clinton may or may not have been working in the best interest of the US population; she was, however, certainly working in the best interest of the biggest Clinton Foundation donor du jour. Such as, for example, the country of Ukraine.

 

Tyler Durden's picture

The Crowning Glory Of Keynesianism





Many have forecast the creation of a new monetary system by which governments and banks gain total control over all monetary transactions. On the surface of it, this may seem an impossible goal, as it would be so all-encompassing and would eliminate economic freedom entirely. Surely, it would not be tolerated. However, we believe that it’s not only relatively easy to create, but it will be sold in such a way that the public will see it as an absolute panacea to their economic woes. Only those who are far-sighted will understand its level of destruction in advance of its implementation.

 

Tyler Durden's picture

US Navy Sends Aircraft Carrier, Warships To Intercept Iranian Weapons Shipments In Yemeni Waters





Update: Because the report from AP does not play well with "Everyday Americans", US CentCom is denying: U.S. DENIES REPORT SHIP SENT TO INTERCEPT IRAN VESSEL, SAYS SHIP SENT TO KEEP SHIPPING LANES IN REGION OPEN

The 'proxy' war is escalating very rapidly. As AP reports, Navy officials confirm that the aircraft carrier USS Theodore Roosevelt is headed to Yemeni waters to intercept an Iranian weapons shipments. Just as we warned 10 days ago, the probability of a major escalation over the latest proxy Middle Eastern civil war escalated substantially when Iran parked two warships off the Yemeni coast.

 

Tyler Durden's picture

North Carolina Man's Obituary "Respectfully Asks That You Not Vote For Hillary In 2016"





A Cabarrus County, North Carolina man died last week, but Larry Upright, 81, made one final request in his obituary - written by his family.

"Also, the family respectfully asks that you do not vote for Hillary Clinton in 2016. R.I.P. Grandaddy."

Judging by the condolences, he is not alone in his request. It seems "everyday Americans" does not include North Carolinans...

 

George Washington's picture

For the First Time In Many Decades, More Americans Support Gun RIGHTS than Gun Control





After Spate of Mass Shootings, Americans Turn Pro-Gun

 

Tyler Durden's picture

Builders Beggar Belief As Lumber Liquidation Looms





With lumber prices plunging to fresh 3 year lows, the divergence between homebuilders and the most economically-sensitive commodity is starting to suggest a rather scary case of deja vu all over again.

 

Tyler Durden's picture

Bank Of England Exposes US Cronyism: Questions Why Buffett's Berkshire Hathaway Is Not Too Big To Fail





If you thought currency-wars were a problem, just wait until crony-wars begin. In a stunning show of disagreement among the omnipotent, The FT reports that a Freedom of Information Act request has confirmed The Bank of England wrote to US authorities seeking clarity about Berkshire’s absence from a provisional list of "systemically import" (Too Big To Fail) financial institutions (SIFIs). The US Treasury declined to comment...

 

EconMatters's picture

China Easing to Combat The 'Darkest Period' of 2015





 

A desperate quick fix by Beijing to the pessimistic market sentiment after a rush of exit crashing its stock index futures almost 7% .
 

Tyler Durden's picture

David Einhorn Is "Adding More Shorts", Has A Question For Mario Draghi





"At the bottom of the cycle, firms cut labor faster than output. The higher productivity led to improving margins, earnings and stock prices. Now labor is being added faster than output, and with large companies like McDonalds, Walmart and Target announcing pay increases, unit labor costs are likely to increase further. All told, there is a good chance earnings will actually shrink this year. We think the market is too high if earnings have, in fact, peaked for the cycle, and we have reduced our net exposure by adding more shorts."

- David Einhorn

 

Tyler Durden's picture

WalMart Workers Take "Plumbing" Mystery To Labor Board





Last week, we documented the mysterious case of WalMart’s move to shutter multiple geographically distinct locations across the US for “plumbing issues.” Once we dug a bit deeper into the history of the affected stores we noticed that one store in particular — the Pico Rivera, CA location — has been at the forefront of wage and working condition protests for the better part of three years. Now, as NY Times reports, "a claim set to be filed on Monday by the United Food and Commercial Workers International Union with the National Labor Relations Board says that the closings were in retaliation for a history of labor activism at one of the shuttered stores, in Pico Rivera, Calif."

 

Tyler Durden's picture

Which Nation Is Bob Pisani Talking About?





Listen to the following 15 second clip of Bob Pisani explaining what the important thing is... and decide which centrally-planned, micro-managed economy's omnipotence he is questioning...

 
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