• Phoenix Capital...
    07/03/2015 - 20:26
    Greece just took a hit… and once again it’s depositors that will take it on the chin. But this process is only just begun. Similar Crises will be spreading throughout the globe in ...

Mexico

dazzak's picture

OPEC's Next Meeting Is Nearly Upon Us...





On June 5, all eyes will be on OPEC as the group convenes in Vienna to discuss its course for the second half of 2015.

 
Tyler Durden's picture

Paul Craig Roberts: "Our Soldiers Died For The Profits Of The Bankers"





Memorial Day commemorates soldiers killed in war. We are told that the war dead died for us and our freedom. US Marine General Smedley Butler challenged this view in 1933: "War is just a racket... our soldiers died for secret agendas of which they knew nothing. Capitalists hid their self-interests behind the flag, and our boys died for the One Percent’s bottom line. Our Soldiers Died for the Profits of the Bankers." It appears 82 years later - nothing has changed.

 
Tyler Durden's picture

Guest Post: Unprecedented 'Mass Die Offs' As Pacific Ocean "Turning Into a Desert" Off California Coast





"...the waters of the Pacific off the coast of California are a clear, shimmering blue today, so transparent it’s possible to see the sandy bottom below... clear water is a sign that the ocean is turning into a desert, and the chain reaction that causes that bitter clarity is perhaps most obvious on the beaches of the Golden State, where thousands of emaciated sea lion pups are stranded."

 
Tyler Durden's picture

Rand Paul Blocks Extension Of Patriot Act, Future Of Illegal NSA Spying On Americans In Limbo





While an extension of the Patriot Act, that landmark bill which ushered in the America's Big Brother, "turnkey totalitarian state" (previewed here long before Edward Snowden's shocking revelations), is just a matter of time, supporters of the Fourth Amendment scored a brief victory last night when following yet another marathon 10 hour filibuster and refusal to play by the script by Rand Paul, the Senate failed to extend the Patriot Act, leaving the future of America's "war against terrorists" but really against "enemies domestic", i.e., anyone who uses email, has a cell phone or in any other electronic way communicates with others, in limbo.

 
Tyler Durden's picture

Why The US Consumer Is About To be Crushed: The Obamacare Inflationary Deluge Arrives





For the past three years, the biggest argument supporters of Obamacare would trot out every single time when faced with opposition to the mandatory tax, would be that despite widespread predictions of soaring prices, US medical care service costs had remained low and even, on occasion, declined.  All that changed moments ago when core US inflation finally spiked the most since 2013 driven by a 0.7% monthly surge in medical care service costs: the highest since 2007!

 
Sprott Group's picture

Where Does the Gold Trade Stand





We have all read the latest crop of media articles challenging gold’s investment relevance. The typical approach to bearish gold analysis is to attribute hypothetical fears to gold investors, and then point out these concerns have failed to materialize. Sprott believes the investment thesis for gold is a bit more complex than simplistic motivations commonly cited in financial press. We would suggest gold’s relatively methodical advance since the turn of the millennium has had less to do with investor fears of hyperinflation or U.S. dollar collapse than it has with persistent desire to allocate a small portion of global wealth away from traditional financial assets and the fiat currencies in which they are priced.

 
Tyler Durden's picture

Someone Finally Read Obama's Secret Trade Deal And Admits The TPP "Will Damage This Nation"





"The public criticisms of the TPP have been vague. That’s by design—anyone who has read the text of the agreement could be jailed for disclosing its contents. I’ve actually read the TPP text provided to the government’s own advisors, and I’ve given the president an earful about how this trade deal will damage this nation. But I can’t share my criticisms with you. I can tell you that Elizabeth Warren is right about her criticism of the trade deal. We should be very concerned about what's hidden in this trade deal—and particularly how the Obama administration is keeping information secret even from those of us who are supposed to provide advice."

 
Tyler Durden's picture

DEA Strikes Again: Seize Man's Life Savings Under Civil Asset Forfeiture Without Charges





In the “land of the free” you might be innocent until proven guilty, but your assets aren’t.

 
Tyler Durden's picture

Key Events In The Coming Week Topped With Yellen's Friday Speech





As the economic calendar slowly picks up following the NFP lull, we are looking at a busy week both globally and in the US, where an army of Fed speakers culminates with a Yellen speech on Friday at 1pm in Rhode Island.

 
Marc To Market's picture

Dollar Blues





Dollar downmove still seems corrective in nature.  Fed hike in September still seems most likely scenario.  Taalk of US recession is over the top when unemployment, broadly measured is falling and weekly initial jobless claims are at new cyclical lows.  

 
Tyler Durden's picture

The Greatest Water Crisis In The History Of The United States





What are we going to do once all the water is gone?

 
Tyler Durden's picture

Senate Democrats Defeat The President: Why Obama Is Rushing To Fast-Track The TPP





Moments ago, in an embarrassing setback for the president, Senate Democrats in a 52-45 vote - short of the required 60 supporters - blocked a bill that would give President Barack Obama fast-track authority to expedite trade agreements through Congress, a major defeat for the president and his allies who "say the measure is necessary to complete a 12-nation Pacific trade deal that is a centerpiece of the administration’s economic agenda." But don't count it out yet: the WSJ cites Mitch McConnell who told reporters shortly before the vote, which he expected to lose, that “This issue’s not over" adding that "I’m hopeful we’ll put this in the win column for the country sometime soon.”

 
Tyler Durden's picture

Key Events In The Coming Week





Today’s Eurogroup meeting will be key in determining where Greece and its creditors negotiations currently stand. Over in the US today, it’s the usual post payrolls lull with just the labor market conditions data expected.

 
Tyler Durden's picture

Free Trade Benefits Vs. Fears Of Foreign Goods





Meant to extend and widen trade and related commercial relationships between the participating countries, the Trans-Pacific Partnership (TPP) has also been presented as a way for the U.S. to maintain his economic and political power in East Asia in the face of the rising influence of China in that part of the world. What should be most clear is that the Trans-Pacific Partnership is not a free trade agreement. Parts of it may, no doubt, lower some trade barriers, thus making easier the production, sale and purchase of a wider variety of imports and exports. However, TPP, like all other trade agreements in the post-World War II era is a managed trade agreement.

 
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