ETC

Islamization Of France: Stabbing Policemen, "Slut-Shaming" & New Death Threats

Islamization is gaining ground in the Muslim community of France. For a long time, this trend remained restricted to the cultural sphere and created strong controversies between Islamists and secular intellectuals (such as the ban on face-covering veils in schools and public places). But the debate stopped being a debate. Sometimes Islamic intolerance takes on the appearance of a civil war. The violence, which was mostly concentrated in the suburbs prior to the January 2015 terrorist attack on the satirical magazine, Charlie Hebdo, is spreading now to the heart of French cities. Murders, assaults, death threats and "slut-shaming" happens almost every day here and there.

The Unintended Consequences Of The $15/Hour Minimum Wage

"The magnificent "gift" that we are inexorably marching toward, the $15 minimum wage, will come out of the hides of working people eating lunch or running errands after work. Not only will the transaction price of a sandwich rise, so will the opportunity costs. "

Why JPM Now Thinks The S&P 500 Is Promptly Headed For 2,200

More of the same for this market. The 17x/$130 argument continues to resonate (that combination of numbers points to 2200). It’s still very, very early in the CQ2 season but the indications so are more positive than negative (AA, Daimler, PEP, Samsung, SIMO, STX, WDC, etc) and that is helping investors look past the earnings recession and is bolstering confidence in a ~$130 number for next year.

Don't Just Blame The Cops: Who Is Responsible For America’s Killing Fields?

We’re getting distracted, people. Instead of focusing our ire on the architects of the American police state, who are responsible for turning the streets into mini-war zones, we’re getting distracted by the many voices eager to play the blame game by pointing their fingers at someone else.

Nomi Prins: Trump Wins (Even If He Loses)

Early on in his presidential bid, Donald Trump began touting his anti-establishment credentials. When it worked, he ran with it. It was a posture that proved pure gold in the Republican primaries, and was even, in one sense, true. After all, he’d never been part of the political establishment nor held public office, nor had any of his family members or wives. His actual relationship to the establishment is, however, complex in an opportunistic way.

 

Welcome To Wonderland

Silver out performs gold as both rise with Treasury bonds, which are in turn rising with stocks, as Junk bonds hit new recovery highs while USD remains firm as inflation expectations are out of the picture. This is highly atypical, maybe even unprecedented. As we watch the macro burp up all kinds of paradoxes and inconsistencies, we can’t help thinking back to the day that the ‘Hero’ announced Operation Twist...

Chasing Fools Gold (aka Central Banker Alchemy)

Remember the story of “The Philosopher’s stone?” In a nut shell it was an alchemical substance capable of turning worthless metals into gold. Today, much like those of yore, central bankers across the globe are engaging in that never-ending quest for the ability to turn the worthless – into the precious. And to the ill-informed it seems they have indeed achieved it. That is, as long as you wrap it in the same cloth as found in “The Emperor’s New Clothes.” For if not – the naked truth becomes appalling clear. And it ain’t pretty.

2007 All Over Again... Banking Crisis Imminent

The US is drifting back into yet another banking crisis. Despite the headline numbers (like Friday’s largely-fictitious jobs report) that imply a stable, modest expansion, under the surface the financial system - composed of business loans, bank profits, etc. - is deteriorating fast.

Theory Of "Conspiracy Theorists"

It seems to have become one of the most popular ways of ridiculing somebody’s argument or position, calling into question someone’s sanity or even somebody’s right to their very own existence in recent years are "You’re a conspiracy theorist!","That sounds like a conspiracy theory to me!" The definition of conspiracy insists on the “evil, harmful, bad” side of things.  In other words; in the English language, it is impossible to conspire to do good. Here however are some alternative definitions of “conspiracy theorist”: someone who has seen through the bullshit; and/or someone who questions the statement of known liars.

 

Why Deutsche Bank Expects A Collapse In Monthly Job Growth To Under 60,000

The current labor/productivity gap implies that over the next 4 quarters, the cumulative slowdown in labor input growth should be 4.5 percent. This implies that aggregate hours (which most recently have been expanding at a 1.6 percent annual rate) would average just 0.5 percent (1.6 – 4.5 / 4). Expressed in terms of new jobs, this means that unless firms cut back on employee hours, monthly job creation would average close to 60K next year, a substantial drop from the 200K average of the past 12 months.