Australia

Orwell Could Never Have Predicted This...

We love technology. We can’t imagine life without modern conveniences like telephones, email, and the Internet. Not to mention running water, air conditioning, and automobiles. But sometimes, technology gets... well, creepy. And the creepier the technology, the more likely your friendly Big Brother will use it to keep tabs on you. A case in point is the increasing sophistication of face recognition technology.

Global Stocks, US Futures Slide On Mediocre Manufacturing Data, Yen Surge

Following the latest set of global economic news, most notably a mediocre set of Chinese Official and Caixin PMIs, coupled with a mix of lackluster European manufacturing reports and an abysmal Japanese PMI, European, Asian stocks and U.S. stock index futures have continued yesterday's losses. Oil slips for 4th day, heading for the longest run of declines since April, as OPEC ministers gather in Vienna ahead of a meeting on Thursday to discuss production policy. The biggest winner was the Yen, rising 1%, with the USDJPY tumbling overnight and pushing both the Nikkei 1.6% lower and weighing on US futures.

Here's Proof That The US Dollar Is Insanely Overvalued

Anyone who owns US dollars has an opportunity right now to trade overvalued pieces of paper for undervalued real assets... as long as you look abroad. From productive farmland in central Chile, deeply undervalued, profitable businesses in Australia, and real estate in Colombia; these are all REAL assets, and as long as central bankers continue to print paper money without restraint or regard for the consequences, it’s critical to own something real. Gold and silver are also real assets, and both are historically inexpensive relative to the US dollar.

Futures Flat, Gold Rises On Weaker Dollar As Traders Focus On OPEC, Payrolls

After yesterday's US and UK market holidays which resulted in a session of unchanged global stocks, US futures are largely where they left off Friday, up fractionally, and just under 2,100. Bonds fell as the Federal Reserve moves closer to raising interest rates amid signs inflation is picking up. Oil headed for its longest run of monthly gains in five years, while stocks declined in Europe.

The Endless Dodge - Why Washington Doesn't Come Clean On The Downing Of MH-17

"The objective, quite simply, was to heap as much abuse on the Soviet Union as possible... The American media swallowed the U.S. government line without reservation... The perception we wanted to convey was that the Soviet Union had cold-bloodedly carried out a barbaric act... The moral of the story is that all governments, including our own, lie when it suits their purposes. The key is to lie first."

"It's Unbearable" 50-Year-Old German Woman Rages "I Have Lost All My Trust In The State"

"I am almost 50 years old, I have a University degree, and was – out of love for nature – always a trusted voter for the Green Party. I never felt much interest for politics. In Germany everything seemed to always go its natural regular course. I had trusted our parliamentary democracy, I thought our administration would hardly make mistakes, because it is controlled by the opposition. Never, absolutely never did I think that I would lose all my trust in the State. It’s unbearable that I am afraid of the future. Preferably I’d just like to leave. But I feel too old to leave Europe...I am – like most Europeans – damned to impotence as I see this invasion happen."

CEO Of Asia's Largest Commodity Trader Unexpectedly Resigns

We have tracked the problems of recently junked Noble Group - Asia's largest commodity trader - extensively over the past year. Then, moments ago things finally turned serious for the company, announced moments ago on the Singapore stock exchange, not only is CEO Alireza resigning, to be replaced by William Randall and Jeff Frase as co-CEOs, but the company will also begin the sale process of its Noble Americas Energy Solutions, one of its star assets, in a deal that will generate "significant cash proceeds", which is the best confirmation just how desperate for cash the company truly is.

How Russia Is Preparing For WWIII

If the ‘deep state’ is really delusional enough to trigger a war with Russia, in Europe or elsewhere, the narcissistic and hedonistic West, drunk on its own propaganda and hubris, will discover a level of violence and warfare it cannot even imagine and if that only affected those responsible for these reckless and suicidal policies it would be great. But the problem is, of course, that many millions of us, simple, regular people, will suffer and die as a consequence of our collective failure to prevent that outcome.

First "Shocking" Deposition In Clinton Email Case Reveals She Did Not Use A Password

According to Lewis Lukens, a veteran 27-year foreign service officer at the State Department who served as the deputy executive secretary  Clinton did not use a password to protect her stand-alone computer from unwanted intruders such as hackers. During the deposition, Lukens volunteered that the stand-alone computer adjacent to her suite did not have a password for protection  “She wouldn’t have had a password.” Bekesha asked, astonished, “So the computer would have just been open and be able  to use without going through any security features?” “Correct,” Lukens replied.

G-7 Refuses To Warn Of "Global Economic Crisis" Over Fear "Sentiment Can Become Self-Fulfilling"

In order to press his individual agenda of preserving optionality to intervene in the FX market and push the Yen lower (using increasingly more desperate measures), Japan's Prime Minister had just one task in the latest G-7 meeting: to have the Group of Seven leaders warn of the risk of a global economic crisis in the final communique issued as the summit wrapped earlier today in Japan. He failed. The reason why: "the G-7 is obviously aware of the ‘announcement effect’ the official communique has. In such a situation, warning of negative risks and sentiment can become self-fulfilling.""

Gundlach Predicts Yellen Will Be Dovish Today; Is "Quite Sure" Oil Prices Are Going Down Again

With verious Fed presidents having whipping up the market into a hawkish frenzy in the past two weeks, leading to a dramatic repricing in summer rate hike odds with expectations for a July rate hike now over 50%, many can be "disappointed" by Yellen's speech today, at least according to Jeff Gundlach who said Yellen appears to be more cautious on raising interest rates and he expects her comments to be dovish again on Friday, when she is scheduled to speak at an event in Harvard-Radcliffe.