• Sprott Money
    05/05/2016 - 06:02
    Why is a Deutsche Bank mouthpiece suggesting “negative retail deposit rates or perhaps wealth taxes”? The answer is to (supposedly) stimulate our economies.

AIG

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Frontrunning: January 27





  • Global stocks, dollar struggle ahead of Fed as oil falters (Reuters)
  • Bond Bulls Bank on Fed Mention of Market Chaos as Drag on Growth (BBG)
  • Fees on Mutual Funds and ETFs Tumble Toward Zero (WSJ)
  • China Climbs Back Up Janet Yellen's Worry List (BBG)
  • The World’s Favorite New Tax Haven Is the United States (BBG)
  • New Jersey Gov. Christie backs Atlantic City takeover plan (Reuters)
 
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Frontrunning: January 26





  • China shares end at 14-month lows after late selling frenzy (Reuters)
  • China Dec gold imports through Hong Kong highest since 2013 (Reuters)
  • China Contagion Fades as European Stocks Pare Drop, Oil Rises (BBG)
  • Apple set for slowest ever iPhone sales growth (Reuters)
  • Saudis, Russia Seen by Iraq as More Flexible on Oil-Output Cuts (BBG)
  • China Probes NEV sector for subsidy fraud (China Daily)
 
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Blame Birinyi!





Just before the US equity market topped out last August, none other than infamous stock-chart-extrapolator Laszlo Birinyi ventured on to CNBC and proclaimed that the S&P 500 will hit 3,200 by the end of 2017. Since the soprano uttered that extreme, US equity markets have collapsed not just once, but twice and now trade at levels first seen over two years ago...

 
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Banksters Win Again - "Audit the Fed" Bill Fails In The Senate





Rand Paul’s signature “Audit the Fed” legislation failed to garner the 60 votes needed in the Senate to move the measure forward. Of course, this is merely the latest in a never-ending series of banker victories, and a truly devastating blow against liberty, free markets, transparency and any hope for government by the people and for the people. Ensuring that light is never shined on the Fed’s shady, corrupt and unaccountable bailout activities has always been a key goal of the American oligarchy, and they succeeded once again.

 
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Newsflash From The December 'Jobs' Report - The US Economy Is Dead In The Water





Here’s a newsflash that CNBC didn’t mention. According to the BLS, the US economy generated a miniscule 11,000 jobs in the month of December.

 
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Slammed By Redemption Requests, These Hedge Funds Raise "Gates" To Avoid Firesale Liquidations





Needless to say, these names are just the beginning: once the redemptions - and gating - genie is out of the bottle, there is no putting it back.

 
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272 Islamic State Terrorists Are Hiding In Europe, 150 More Are On Their Way, Dagbladet Reports





Two waves of IS terrorists are said to have been trained for terror attacks in Europe - either for suicide bombings, or for Paris-style handgun attacks.

 
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European Nations Throw Up On EU Plan To Seize Border Sovereignty, Impose Standng Border Force





“Strengthening Frontex, creating a kind of border guard would by all means be needed, beneficial,” he said on his way into a meeting of EU foreign ministers in Brussels. “But the way the commission proposed it—for it to be a structure independent from nation states—is astounding.” He added: “There’d be an undemocratic structure reporting to no one knows who.”

 
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The Eerie Echo Of 2007: It Really Is Bear Stearns, All Over Again





In a supreme twist of irony, Bear Stearns is back - maybe not the firm itself - but the people who were in charge of its distressed and junk bond trading group, and just like the summer of 2007, it is an ex "Bear"-run hedge fund that was the first to gate, just as the credit cycle is turning and the default cycle has begun, as we explained last week, just one day before everyone's attention finally focused on junk debt.

 
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FT Bombshell: EU Unveils Standing Border Force That Will Act "Even If A Government Objects"





"The move would arguably represent the biggest transfer of sovereignty since the creation of the single currency."

 
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"We Are Living Amid An Islamic Threat", French Mayor Says: "Our Country Is At War Inside Our Borders"





"We are living amid an Islamic threat and we should be aware of the consequences. Our country, as well as other European countries, is at war – both outside our borders, in Syria for instance, and inside our borders, because our enemies live in our own country”

 
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Global Stocks Start Off December With A Bang, US Equity Futures Rebound; Yuan Drops





There was something for everyone in last night's much anticipated Chinese PMI data, with the official number sliding to the lowest in over 3 years, suggesting the PBOC will need to do more stimulus and is thus bullish, while the unoffocial Caixin print rising to the highest since June, suggesting whatever the PBOC is doing is working, and is also bullish. Not unexpectedly, global stocks decided to take the bullish way out, and have risen across the globe led by Asia, where stocks rose as much as 1.8%, Europe also green and US equity futures up 10 points as of this writing.

 
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"Economic" Advice To The President (Laissez-Faire Austrian Vs. Anti-Market Keynesian)





Dear Mr. President, your country faces a stagnating economy... The truth is it is too late for our politicians to act, because the speculative peak that precedes the crisis is already upon us.

 
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Transparency At The Fed - Why Is Janet Panicked About The House's FORM Act?





Janet Yellen’s astonishing letter to the Speaker of the House, Paul Ryan, is a sign that the central bank is panicking over the fact that Congress is unhappy with the job it has been doing.

 
Tim Knight from Slope of Hope's picture

Mollycoddled





I had never heard the term "safe space" until just a few days ago, but it's a zone in which free speech is completely forbidden, for fear of hurting the feelings of some special snowflake.

 
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