"The Markets Group at the Federal Reserve Bank of New York manages the size and composition of the Federal Reserve System’s balance sheet consistent with the directives and the authorization of the Federal Open Market Committee (FOMC), supports debt issuance and debt management on behalf of the U.S. Treasury, provides foreign exchange services to the U.S. Treasury and provides account services to foreign central banks, international agencies and U.S. government agencies. Markets Group is establishing a presence at the Federal Reserve Bank of Chicago and has openings for both experienced professionals and recent graduates.
When a member of the black community was shot by a local Ferguson cop on August 9, under circumstances still undetermined, it led to several weeks of angry rioting by the largely impoverished population of this St. Louis suburb, not to mention broad popular outcry against the tactics employed by the Ferguson PD and wholesale punditry taking over primetime TV for hours on end. Fast forward several weeks when last night, Reuters reports, a police officer from the "strife-hit Missouri city of Ferguson was shot and authorities are still searching for the shooter, law enforcement officials said."
Can market forces prevail in the Eurozone? With another round of central bank intervention coming four plus years after the start of the Eurozone debt crisis, this is a question worth considering, at a time when the Southern Eurozone members - Italy, Spain, Greece and Portugal, which collectively account for over 30% of the GDP of the early adopters of the Euro as a whole – continue to struggle. This is a complex topic for sure, but a simple economic indicator can be used to help frame the situation.
Yesterday we reported that the biggest riot over the weekend was not in Ferguson (although things there are hardly stable after a local police officer was shot in the violent town overnight) but in Hong Kong, where students and other mostly young people are protesting the recent loss of their democratic vote powers and thus "the loss of their freedom." Since then things have gotten from bad to worse when late last night Hong Kong declared the start of the Occupy Central disobedience campaign, leading to violent skirmishes with the police, which over the past hour have included the use of tear gas by the police as well as the first outright warning by the cops demanding that the student protesters disperse or risk being fired upon.
In a dramatic stroke of luck for the Kremlin, this morning there is hardly a person in the world who is happier than Russian president Vladimir Putin because overnight state-run run OAO Rosneft announced it has discovered what may be a treasure trove of black oil, one which could boost Russia's coffers by hundreds of billions if not more, when a vast pool of crude was discovered in the Kara Sea region of the Arctic Ocean, showing the region has the potential to become one of the world’s most important crude-producing areas, arguably bigger than the Gulf Of Mexico. The announcement was made by Igor Sechin, Rosneft’s chief executive officer, who spent two days sailing on a Russian research ship to the drilling rig where the find was unveiled today.
Look, it's really this simple: Anything that can't go on forever, won't.
The kings men also viewed their power as necessary as Comey does today. They could simply enter someone’s home and search all your papers. If you wrote anything derogatory against the king, off you went to prison. This is what inspired the American Revolution and the Fourth Amendment that there had to be a reason to search not just arbitrary desire to want to know and lets see what we can find as the NSA and FBI do today. This is the very essence of LIBERTY. You cannot pretend to be the leader of the free world with people like Comey in government.
We actually to believe that the Federal Reserve can lift the entire front-end of the curve from 0-1% (current rates out to three years) to 2-4% over the next two years without adding massive further stress onto the deficit, and only adding to the debt? Servicing 2% interest when growth is 2% means you are doing worse than standing in place if you also have a budget deficit. Whatever the timing, the US, China and Europe are all headed for another Minsky moment: the point in debt inflation where the cash generated by assets is insufficient to service the debt taken on to acquire the asset. Productivity growth in the US last year was +0.36%. The real growth per capita was about 1.5%.
The bad news: men who engage women in a drinking contest in any of the dark blue highlighted, mostly-midwest states will almost certainly lose.
The good news: those same men have the highest chance of getting laid in precisely the same states.
Here are some three dozen YouTube videos released over the past two days, showing just how the Syrian "rebels", those which the US is allegedly helping, feel about America, and US intervention "on their behalf." One man's inquiry summarizes the mood on the ground the best: "Why are you striking Nusra Front and civilians." Sadly, the US itself has no idea either. But nothing shows the complete strategic confusion that still reigns in Obama's camp than the following poster held by a "rebel"child protester...
As most readers are aware, the false left/right paradigm has been the primary control mechanism used against the American people for decades. The idea being that in order for establishment elites to maintain control of a population with a heritage of independence, a facade of choice must be created to placate the dim-witted masses while the system itself is dominated from behind the scenes. The people of a republic must be conned into participating in the process of their own enslavement, at least until the oligarchs are ready to unleash full-blown totalitarianism.
Another rabbit hole takes us to a rather strange place...
No, this is not Ferguson: it is, according to many, the world's most capitalist city, Hong Kong, where over the past few hours, around 50,000 students are said to have massed on late Saturday, demanding more democracy, as tensions grew over Beijing's decision to rule out free elections in the former British colony.
When one thinks of Japan and natural disaster, the things that usually come to mind are earthquakes, tsunamis, radioactive lizards, the occasional massive nuclear power plant explosion. Not volcanoes - those are usually delegated to the sole country that dared to give bankers the middle finger, Iceland. And yet, overnight Japan declared a level 3 alert (on a scale of 1 to 5) when a volcano in central Japan erupted, sending ash clouds down the mountain’s slope for more than 3 kilometers. According to RT, at least one person has died and 70 were injured, while aircraft have been forced to divert to avoid the dangerous area. Medics confirmed the death of at least one person, while 70 more were reported to be injured, NHK reported. Thirty of the injured have been sent to hospital in critical condition, health officials added. One can only hope there were no nuclear power plants in the immediate vicinity of the volcano.
With Janet Yellen set to remove the 'wealth-creating' nutrients of QE within a month, it appears there is only way left to The American Dream... latch on to a billionaire (or their son or daughter). As a patriotic courtesy to our readers we provide the dummies guide to befriending a wealthy benefactor... everything from their marital status and demographic to the most critical factor for success - where to hang out in 2015 to catch their eye.