Reality

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Secret Memo Reveals US Was Aware Of Americans Killing Zimbabwe Lions; Only Concern Was Getting Caught





"One safari operator accused an American, by name, of killing a lion illegally and then smuggling its hide out through South Africa.  Given the rampant smuggling of other animal products across Zimbabwe's southern border (reftel), this is not unlikely.  As reported in reftel, American hunting dollars are vital to Zimbabwe's conservation efforts, but there are also serious risks that Americans could be implicated in smuggling and poaching operations."

 
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Why Do So Many Working Age Americans Choose Not To Enter The Workforce?





You could call it the "Mystery of the Missing Worker" – why do so many people of working age chose not to enter the workforce? Here are the numbers, as of the most recent Employment Situation report: 250 million: the total number of people of working age in the United States; 149 million: the total number of people in that population that have a job; 8 million: the number of people who want a job but do not have one; leaving 93 million: the number of people who don’t work, and don’t want work. To put some context around that last number, it is 30% of the entire U.S. population. Why?

 
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Now It's Personal: Koch Brothers "Freeze Out" Donald Trump





With everyone asking 'what can derail this?', perhaps, there is something. As Politico reports, the massively influential Koch brothers are freezing out Donald Trump from their influential political operation - denying him access to their state-of-the-art data and refusing to let him speak to their gatherings of grass-roots activists or major donors.

 
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Shorting The Buyback Contradiction





“To arrive at a contradiction is to confess an error in one’s thinking; to maintain a contradiction is to abdicate one’s mind and to evict oneself from the realm of reality  ?  Ayn Rand

 
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Brazil's Economy Slides Into Depression, And Now Olympians Will Be Swimming In Feces





Athletes in next year's Summer Olympics here will be swimming and boating in waters so contaminated with human feces that they risk becoming violently ill and unable to compete in the games. An AP analysis of water quality revealed dangerously high levels of viruses and bacteria from human sewage in Olympic and Paralympic venues — results that alarmed international experts and dismayed competitors training in Rio, some of whom have already fallen ill with fevers, vomiting and diarrhea.

 
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3 Things: B2B, Warnings & Confidence





"The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains." The Skousen index suggests that the current economy is significantly weaker than headline statistics state.

 
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The Coming Credibility Hammer





Credibility matters, it will matter even more in the near future when there seems none to be had from those who may have lost – or sold theirs.

 
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The Summation Of All Fears





This negative breadth signal has an ominous long-term track record. The 59 occurrences all took place in 4 distinct periods, though most of them happened within 2 clusters: August 1972 (13), November 1999-March 2000 (44), September 2007 (1), July 2015 (1)

 
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"Say A Little Prayer" Bill Gross Warns, "Zombie Corporations Now Roam The Real Economy"





Having exposed the reality that the world's capital markets are a manipulated shell game, Janus' Bill Gross has a message for the perpetual bulls in his latest letter to investors - "say a little prayer." Gross continues, "low interest rates are not the cure – they are part of the problem," warning that ZIRP has enabled, "a host of zombie and future zombie corporations now roam the real economy. Schumpeter’s 'creative destruction' – the supposed heart of capitalistic progress – has been neutered. The old remains in place, and new investment is stifled." As he previously warned, when the central bank manipulation is removed the likely trajectory of prices is downward...

 
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If Spending Is Our Military Strategy, Our Strategy Is Bankrupt





US global superiority in military affairs is actually the superiority of a rich kid who thinks he’s really smart but in reality is merely just rich. When the seemingly endless flow of money slows (as it inevitably will), the mask of cleverness will fall. Everyone who resented the kid will be waiting at the edge of the playground for this day of reckoning, and because no one else will have been so dependent on spending-as-strategy, the erstwhile rich kid will find it tough going.

 
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The War On Cash: Why Now?





Why are governments suddenly so keen to ban physical cash? The answer appears to be that the banks and government authorities are anticipating bail-ins, steeply negative interest rates and hefty fees on cash, and they want to close any opening regular depositors might have to escape these forms of officially sanctioned theft. The escape mechanism from bail-ins and fees on cash deposits is physical cash, and hence the sudden flurry of calls to eliminate cash as a relic of a bygone age — that is, an age when commoners had some way to safeguard their money from bail-ins and bankers’ control.

 
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Congress Proposes Fraudulent New Law To "Fix" Social Security





When people think about Social Security, they think that all the problems are decades away. Wrong. The Disability Insurance (DI) fund reserves are expected to be depleted by next year. The other trust fund, OAS, is projected to “become depleted and unable to pay scheduled benefits in full on a timely basis in 2034.” Which means that if you’re 47 or younger, you can kiss Social Security goodbye. Not to worry, though. Congress is on the case... the only problem with their solution - it's fraud!

 
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Top Factors Undermining Any Oil Price Recovery





Global oil prices have returned to a state of flux. This is hardly news to any who follow the oil markets closely and yet prices continue to drive international headlines. While oil prices are notoriously difficult to predict, it has failed to deter the speculators. There are those warning that the latest dip is a precursor for $40 a barrel, a catastrophe for oil markets in some minds. On the other end of the spectrum are the optimists betting on a return to $100 by 2020. The World Bank has taken a typically middle-of-the-road approach, with forecasts of $57 a barrel in 2015. That said, given Iran’s potential revitalization, Russia’s murky outlook, and U.S. shale supply limits uncertain, prices will be responsive to supply and demand trends; at least in the short to medium term.

 
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Russell Napier: What Happens When Markets Realize China Is A Forced Seller Of Treasuries





"How would US Treasury bulls in the private sector react if they knew in advance that the second largest owner of Treasuries, the PBOC, was a forced seller of Treasuries. Such compelled selling would be obvious before US markets opened each morning as downward pressure on the RMB exchange rate in Asia forced the PBOC to liquidate foreign currency assets to defend the fixed exchange rate. Would even Treasury bulls stand in the way of such a large and predictable liquidation? If they didn’t then the second phase of The Great Reset would come to pass and the decline of EM external deficits would force tighter monetary policy in both EM and DM."

 
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Pending Home Sales Plunge Most Since 2013, Holdout Buyers Blamed





Following new home sales disappointment, pending home sales dropped 1.8% in June (missing expectations of a 0.9% rise) for the biggest drop sicne Dec 2013. After 5 months of gains, and with median prices at record highs, it appears affordability is crushing hopes of any sustained 'recovery' once again. Modest gains in the Northeast and West were offset by larger declines in the Midwest and South, but Larry Yun has an explanation, hold-out buyers are waiting for a better entry point (in other words - pent up demand is there). Did Chinese buyers just evaporate?

 
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