In lieu of violence, speech is one of the best ways for people to vent their feelings and frustrations. Remove the right to speak about your frustrations and only violence is left.
The List Grows ...
"The world’s central banks can’t save us anymore." That was the message from some of the world’s most prominent investors at the World Economic Forum in Davos, Switzerland, on Friday. Each was resistant to putting on fresh positions and expected asset prices to head downward. In short, they say, the only winning move is not to play the game. “The trade now is to hold as much cash as possible,” said Nikhil Srinivasan, chief investment officer for Generali, a European insurer with $480 billion in assets. “Equity markets could go down 15% to 20%.”
"Your politics sacrifice our traditions and values for a multicultural utopia. Identity is valuable and we are becoming aware of it again."
In the end we all know that “informal central bank cooperation” doesn’t really amount to anything. That lesson could be applied to the Bundesbank “selling dollars” in 1969, the PBOC “selling UST’s” in 2015 or the worthless, useless Federal Reserve RRP in 2016. They really don’t know what they are doing, they never have and it truly doesn’t matter fixed or floating. Adjust accordingly because we know how this ends; we’ve already seen it.
Dutch Politician: Male Refugees Are "Testosterone Bombs," Must Be Locked Up To Save Women From "Sexual Jihad"Submitted by Tyler Durden on 01/19/2016 18:10 -0500
"I propose we lock the male asylum seekers up in the asylum centers to keep our women safe from Islamic testosterone bombs."
- Spot the common thread: China's growth hits quarter-century low, raising hopes of more stimulus (Reuters)
- And here: China stocks climb on hopes for new economic stimulus (Reuters)
- Welcome to the Crisis Economy, Where Tumult Reigns (WSJ)
- IEA Sees Risk of World Drowning in Oil (BBG)
- IEA Sees Iran's Return Intensifying Battle for Europe Oil Market (BBG)
- China 2015 power, steel output drop for first time in decades (Reuters)
European shares tumbled, wiping out gains from a two-day rally, Asian stocks slid and the cost of insuring corporate debt rose as investor concern over global growth prospects resurfaced. U.S. equity-index futures pared gains of as much as 0.9 percent. Government bonds rose, with yields falling to records in Japan and China amid anxiety over the world economy. U.S. crude prices stabilized after dropping below $30 a barrel on Tuesday to touch the lowest since 2003 as Iran moved closer to boosting exports.
Russia has just taken significant steps that will break the present Wall Street oil price monopoly, at least for a huge part of the world oil market. The move is part of a longer-term strategy of decoupling Russia’s economy and especially its very significant export of oil, from the US dollar, today the Achilles Heel of the Russian economy.
In April the Dutch people will vote on the European-Ukraine association treaty. In an interview with the NRC, a Dutch leading newspaper, Juncker warned the Dutch voters a “NO” will lead to a big continental crisis. “Russia and anti European movements will profit from a Dutch No, the Dutch has to vote yes for reasons not related to the treaty, the Dutch should act like an European strategist” according to Mr Juncker.
Once China set the Yuan fixing some 0.5% lower, the biggest drop since the August devaluation, all hell broke loose and unleashed a global selling panic after China's stock market was promptly shut down less than 30 minutes into trading, then European shares dropped the most in more than 4 months as Asian equities plunges, as did US stock futures, the dollar weakened against the euro and the yen; crude plunged to fresh 12 year lows. Gold rose.
It has come down to this: a year in which the US stock market (led by a handful of shares even as the vast majority of stocks has dropped) has gone nowhere, but took the longest and most volatile path to get there, is about to close either red or green for 2015 based on what happens in today's low-volume session following yesterday's unexpected last half hour of trading "air pocket" which brought the S&P back to unchanged for the year.
The U.S. dollar is currently accepted as the world’s reserve currency, but it hasn't always been this way...
Three years after 2012, Goldman has finally admitted that all the talk about a major exodus of your Americans from parental houses and into the harsh crony capitalist world, was nothing but hot air. As the chart below shows, the share of 18-34-year-olds living with their parents has never been higher.