- Fed Shies Away From June Rate Hike (Hilsenrath)
- Europe Stocks Fall Most in Three Weeks Amid Greece as Banks Drop (BBG)
- China Futures Tumble on Trust Curbs, Expansion of Short Selling (BBG)
- Oil slips below $64 as ample supplies weigh (Reuters)
- Fed officials lean all ways on rate hikes, data in focus (Reuters)
- Eurozone deflation eases in March (FT)
The American people remain eager to be persuaded that a new president in the White House can solve the problems that plague us. Yet no matter who wins this next presidential election, you can rest assured that the new boss will be the same as the old boss, and we - the permanent underclass in America - will continue to be forced to march in lockstep with the police state in all matters, public and private. It really doesn’t matter what you call them - the 1%, the elite, the controllers, the masterminds, the shadow government, the police state, the surveillance state, the military industrial complex - so long as you understand that no matter which party occupies the White House in 2017, the unelected bureaucracy that actually calls the shots will continue to do so.
If you said these are all things that current or former IMF heads are or have been accused of, you are 100% correct.
A “soft landing” is unlikely.
- Euro zone bond yields sink to historic lows (Reuters)
- Clinton Foundation to Keep Foreign Donors (WSJ)
- Russia says U.S. forced it to act on Ukraine (Reuters)
- Bankers to China's Rescue (BBG)
- Saudi Arabia Adds Half a Bakken to Global Oil Market in a Month (BBG)
- Valuations of Hong Kong's stock market operator go interstellar (Reuters)
- Switzerland Attracts Fewer Firms as Politics Hurt Business Image (BBG)
Capitol Locked-Down After Mailman Lands Gyrocopter On Lawn To Deliver Campaign Reform Letter To CongressSubmitted by Tyler Durden on 04/15/2015 13:51 -0400
Update: *LOCKDOWN LIFTED AT U.S. CAPITOL AFTER GYRO COPTER ARREST
US Capitol Police have locked-down buildings after a man landed a gyrocopter on the lawn. As The Tampa Bay Times reports, the man is a mailman from Ruskin named Doug Hughes who was attempting to deliver campaign reform messages to Congress.
* Fall 2015 turning point - civil unrest and riots globally says forecaster Armstrong
* European banks will collapse and “blood in the streets”
* Advocates diversification and holding bullion coins familiar to public such as $20 gold coins
* “Your portfolio has got to include everything … including bullion”
- China growth slowest in six years, more stimulus expected soon (Reuters)
- EU charges Google over shopping searches, to probe Android (Reuters)
- A Chinese Paradox: Slow Growth Is Good, Stock Bubbles Welcome (BBG)
- Draghi Seen Dispelling Duration Doubts About QE Program (BBG)
- IEA Sees OPEC Supply Jumping Most in Four Years on Saudi Surge (BBG)
- SEC Reaches Settlement with Former Freddie Mac (WSJ)
- Kerry says confident Obama can get final deal on Iran (Reuters)
- Regulators Call for Short-Term Loan Changes to Handle ‘Too-Big-to-Fail’ (WSJ)
- Florida Doctor Linked to Sen. Robert Menendez Indicted for Medicare Fraud (WSJ)
This isn’t yet another in a long series of articles lamenting the Federal Reserve... this article is about something else: you.
GE’s announcement that its getting out of the finance business should be a reminder of how crony capitalism is corrupting and debilitating the American economy. The ostensible reason the company is unceremoniously dumping its 25-year long build-up of the GE Capital mega-bank is that it doesn’t want to be regulated by Washington as a systematically important financial institution under Dodd-Frank. Oh, and that its core industrial businesses have better prospects. We will see soon enough about its oilfield equipment and wind turbine business, or indeed all of its capital goods oriented businesses in a radically deflationary world drowning in excess capacity. But at least you can say good riddance to GE Capital because it was based on a phony business model that was actually a menace to free market capitalism. Its deplorable raid on the public purse during the Lehman crisis had already demonstrated that in spades.
In a move that, if confirmed, is certain to escalate the Yemen conflict which as a reminder is a proxy war between Iran and Saudi Arabia, overnight local media first, and Reuters subsequently, reported that local militiamen in the southern Yemeni city of Aden said they captured two Iranian military officers advising Houthi rebels, during fighting on Friday evening.
Everything this nation once stood for is being turned on its head. Free speech, religious expression, privacy, due process, bodily integrity, the sanctity of human life, the sovereignty of the family, individuality, the right to self-defense, protection against police abuses, representative government, private property, human rights - the very ideals that once made this nation great - have become casualties of a politically correct, misguided, materialistic, amoral, militaristic culture.
The full breakdown of the biggest energy deal in the past decade and the 14th largest ever corporate takeover.