Almost all serious analysts see a Terminal problem developing - "We will go from deflation to hyperinflation without seeing inflation." But hyperinflation is a political phenomenon. It is caused by those same authorities the masses think they can trust. When they are threatened, they will protect themselves by printing money on a scale we haven’t seen since the War Between the States (consumer prices in Richmond, Virginia, had risen 6,700% by the end of the war).
- Baffle with BS: German Bonds Decline Along With Peers as Draghi Cools QE Talk (BBG)
- And yet... ECB's Nowotny says low inflation forces ECB to act (Reuters)
- Stocks fall on China data, but stronger euro zone lifts gloom (Reuters)
- Global factories struggle as stimulus fails to spur (Reuters)
- Russian airline rules out technical fault, pilot error in Egypt crash (Reuters)
- Turkey returns to single-party rule in boost for Erdogan (Reuters)
Partner Of "China's Carl Icahn" Executed By Local Police After Attempting Escape Following Insider Trading ChargesSubmitted by Tyler Durden on 11/01/2015 23:39 -0500
Ok, this is China: crazy things happen all the time. But where things got outright ridiculous, was when moments ago when as China National Radio reports, Wu Shuang, a partner of Xu Xiang's at Zexi, and also an insider trading suspect, was shot and killed by Chinese police when he "resisted and tried to escape."
In an interview with Spanish newspapers that was published October 31st, U.N. Secretary General Ban Ki-Moon condemned U.S. President Barack Obama’s demand that Syrian President Bashar al-Assad be removed from office, and Moon said: “The future of Assad must be determined by the Syrian people." The U.N. Secretary General's detailed comments are implicitly blaming all of this - lots of blood and misery - on U.S. President Obama, and on the “many Western countries” who ally with him and have joined with him in demanding regime-change in Syria. Ban ki-Moon took a rare courageous position here: what he said was correct, though it’s virtually unmentionable in the West.
Time and time again, I’m hearing the same sticking points for failing to prepare – for failing to assure a more promising future for themselves and their families.
With winter rapidly approaching, Europe has yet to develop a viable plan to provide shelter for the hundreds of thousands of refugees fleeing the war-torn Mid-East. If the bloc doesn't act soon, tens of thousands of families could end up freezing to death on the way to Germany.
Varoufakis Releases Full List Of Public Speaking Fees To Mute "Greek Outrage" At "Self-Enrichment Drive"Submitted by Tyler Durden on 10/28/2015 11:30 -0500
In order put an end to the "Greek outrage" that Yanis Varoufakis may be doing what Hillary and Bill Clinton have been so good at, namely engaging in a "self-enrichment drive" and profiting from speeches made after his political departure (which in the Clintons' case was merely a tacit way of purchasing influence and future favors, i.e., bribing), and laid out all his public speeches and the associated fees since August 2015.
For years, a rather pointless argument has been ongoing amongst economists - that of inflation vs. deflation.
China Unleashes The Jingoist Rhetoric: "If U.S. Ships Stop, We Should Lock Them By Fire-Control Radar"Submitted by Tyler Durden on 10/27/2015 18:14 -0500
"In face of the US harassment, Beijing should deal with Washington tactfully and prepare for the worst. This can convince the White House that China, despite its unwillingness, is not frightened to fight a war with the US in the region, and is determined to safeguard its national interests and dignity. Beijing ought to carry out anti-harassment operations. We should first track the US warships. If they, instead of passing by, stop for further actions, it is necessary for us to launch electronic interventions, and even send out warships, lock them by fire-control radar and fly over the US vessels."
Guest Post: Donald Trump Says The U.S. Should Have Stolen Iraqis' Oil After Destroying Their CountrySubmitted by Tyler Durden on 10/27/2015 17:45 -0500
What’s refreshing about Trump is the directness with which he expresses his psychopathy. For example, candidates such as Hillary Clinton sugar-coat theirpsychopathy, or even find ways to get their interviewers to join eagerly in their expressions of it (camaraderie with power-holders), but they don’t say such blatant things as (to paraphrase Trump here), “After we raped them — which we shouldn’t have done — we should have stolen from them, and we should still be stealing from them.”
A majority of Americans live in a fake world created by propaganda. They are disconnected from reality.
With a birth-rate at record-lows and death-rate at record-highs, Japanese PM Shinzo Abe unveiled a new set of 'arrows' a few weeks ago to 'fix' the demographic disaster the nation faces. At the time, Abe was long of "bold proposals" but short of actual policies to encourage the nation to make more babies (despite dwindling interest in sex). As Bloomberg reports, here are a number of options that Abe's new minister for demographics Kato could introduce to slow the downward spiral of population...
- China's central bank cuts rates for sixth time since November (Reuters)
- Global stocks hit two-month high on dovish Draghi message (Reuters)
- $6.5 Billion in Energy Writedowns and We're Just Getting Started (BBG)
- Alphabet, formerly Google, sets share buyback, shares jump (Reuters)
- Hurricane Patricia, Stronger Than Katrina, Nears Mexico (BBG)
- TVA Cleared to Start First New U.S. Nuclear Power Plant in Nearly 20 Years (WSJ)
"Then tell me, future boy, who's President of Brazil in 2016? Then who's vice president?"
Italian Central Bank Chief (And ECB Council Member) Probed Over Corruption, Fraud, & Abuse Of OfficeSubmitted by Tyler Durden on 10/21/2015 07:43 -0500
As the world places its 'life' in the hands of a few unelected members of ivory tower trusting them to centrally plan the global utopia, that faith may be shattered by Bank of Italy Governor Ignazio Visco. As Bloomberg reports, Visco and seven other people were place under investigation according to chief prosecutor. While the statement does not list allegations, court documents reveal alleged corruption, fraud, and abuse of office.