Having previously shown the dramatic build-up of NATO fighter jets around Russia's border, we thought mapping the rising number of "incidents" - which are worse than during the cold war - between NATO and Russia this year would be useful...
The look at the drivers of next week, without using the word manipulation or conspiracy, or referring to how stupid or evil some people may or may not be.
"We are living in an aberrational world. It’s all driven by an orgy of money printing...it sure feels to me that we’re nearing the day that it spins out of control. By the end of this year or by the start of next year, without QE, the market is going down."
"To maintain your sanity, you need to turn off the hype machines of some of the financial media like CNBC."
Ah Europe, never change.
Prepare For ECB Disappointment: 'We Do Not Expect Any Additional Easing To Be Announced", Goldman WarnsSubmitted by Tyler Durden on 11/06/2014 07:29 -0500
"we do not expect any additional easing to be announced in addition to the various measures adopted between June and September. We expect Mr Draghi’s remarks to be focused on the Comprehensive Assessment of Euro area banks, and on the fact that the decline in oil prices is lowering headline inflation in most advanced economies."
Due to the inherent problems with collective security alliances – tragedy of the commons fed by socialism and moral hazard – nations should enter into them with great caution. George Washington’s farewell address has never sounded more prescient: Beware foreign entanglements.
Sweden Deploys Army, Air Force, Navy Near Stockholm Over Reported Damaged Russian Sub; Moscow DeniesSubmitted by Tyler Durden on 10/19/2014 16:45 -0500
Over the weekend, while the world was focusing on the threat of Ebola contagion in the US and around the globe, Sweden's otherwise sleepy capital Stockholm found itself the location of a blitz military operation involving the Swedish Armed Forces, Navy, Army and Air Force, when late on Saturday, Swedish armed forces stepped up an operation -- involving more than 200 men, stealth ships, minesweepers and helicopters -- in an area about 50 kilometres (30 miles) east of the Swedish capital. The operation was initiated on Friday after the armed forces said they had been informed of a "man made object" in the water.
The lofty leaders at the ECB, and Berlin, Paris, Brussels, pretend they can make everything right that’s wrong inside their toy monetary union through asset purchases, sovereign bond purchases, and anything that falls in the ‘whatever it takes’ category. But it’s all just bluff. Because, what it all boils down to, they can’t keep buying Greek bonds with German taxpayer money until the end of time. And the markets know this.
What if there was some degrees of freedom in the centrally planned capital markets that rational, non-emotional and non-ideologically-laden thinking could shed light on ? Here is such an attempt
And just like that. everything is crashing. Whether it is Asia, Europe, or even US futures, an entire generation of traders are waking up to something few have seen in the past 6 years: a very rare sea of red only this time with the main difference that the perpetual backstop of all risk, the Fed and/or "Edward Quince", may not be there to halt the collapse.
Who can feel confident about the tending of things just now? The diminishing returns of the Information Age are about to bite our collective asses. The sum of all that digital magic is a nation completely incapable of telling itself the truth or acting honorably. Unemployment is down without employment being up. Candy Crush is making the world safe for democracy. We have the finest health care system in the world. ISIS is trying to compete with our homegrown videogame industry for supremacy in porno-violence (actually, I thought we already won that) but now we will obliterate all the bad guys in the world by remote control from the drone bunkers of Las Vegas, and that will show them. Thank goodness the long holiday season is almost upon us to juice the so-called economy ever-higher. There has never been a crazier moment in history.
Next time you get into your car and drive to the supermarket, think about how much energy you consume on an annual basis. It is widely assumed that Westerners are some of the world’s worst energy pigs. While Americans make up just 5 percent of the global population, they use 20 percent of its energy, eat 15 percent of its meat, and produce 40 percent of the earth’s garbage. Europeans and people in the Middle East, it turns out, aren't winning any awards for energy conservation, either. Oilprice.com set out to discover which countries use the most energy and why. While some of the guilty parties are obvious, others may surprise you.
"If you call a life of surveillance, anxiety and ceaseless toil in the service of a government you didn’t elect 'freedom', then you and I have a very different idea of what that word means." There are only two possible futures facing the United States, and neither one is pretty. Whether the collapse is gradual or gut-wrenchingly sudden, the results will be chaos, civil strife and fascism.
- As we warned in May 2013... Gross Exposes $42 Trillion Bond Market’s Key Flaw in Exit (BBG).... hint: no liquidity
- WTI Crude Slips Below $90 for First Time in 17 Months (BBG)
- Traders Thank Fed for Once-in-Decade Surge in Profit (BBG)
- Islamic State committing 'staggering' crimes in Iraq: U.N. report (Reuters)
- Philippine Islamist militants threaten to behead German on October 17 (Reuters)
- Draghi’s Buying Spree for the ECB Might Start Modestly (BBG)
- Russian Officials Say No Plans for Capital Controls (WSJ)
- Indians Join the Wave of Investors in Condos and Homes in the U.S. (NYT)
- Leader of Mexican drugs cartel captured (FT)
- Dallas Ebola patient vomited outside apartment on way to hospital (Reuters)
In a striking admission that Mario Draghi's "strategy" about the ECB's Private QE future, aka ABS monetization plan, is nothing short of converting Europe's central bank into a "bad bank" repository for trillions in bad and non-performing debt, the FT yesterday reported that "Mario Draghi is to push the European Central Bank to buy bundles of Greek and Cypriot bank loans with “junk” ratings, in a move that is set to exacerbate tensions between Germany and the bank." It is expected that the former Goldmanite will unveil details of a plan to buy hundreds of billions of euros’ worth of private-sector assets at tomorrow's ECB meeting.