The Fed has created a dead end street for everyone not in their .1% clientele... We’re all muppets to the banking cabal running this morally and financially bankrupt military empire of debt.
The ECB has real policy choices they will have to choose between, and the implications are real. A further foray into negative deposit rates, extension and enlargement of QE, even a less likely change to the main financing rate. Each choice has externalities internally and is also likely to provoke a reaction from other affected countries. The Riksbank and SNB will be watching as closely as EGB traders. The ECB is in easing mode. The Fed plans to tighten. Relative value trades have further to play out
Westerners have a deep history of a culture of myths (see Joseph Campbell). We love to believe in Santa Claus, "The American Dream," the Tooth Fairy, housing market always goes up, and countless others. So it's easy for us to be 'terrorized' by a myth; that hiding behind every corner are evil 'terrorists' waiting to blow themselves up because 'they hate our freedoms.'
The 9 Ways to Stop Terrorism
While await a full blown European version of the Patriot Act, we can say that the second part of the forecast just came true, because this morning The European Commission announced it had adopted a package of measures to strengthen control of firearms across the European Union and meant simply to make it "difficult to acquire firearms."
Stripped of accounting gimmicks, real GDP growth shows economic collapse. And it will culminate in another stock market crash.
Is the US about to go Icelandic (or Chinese) on Wall Street executives for their role in packaging bad mortgages in the lead up to the financial crisis? Probably not, but at least we can pretend...
Sure, the stock market had a great October with the Dow Jones Industrial Average jumping by 8.5%, but the disconnect between Wall Street and Main Street is too stark to ignore, and the Federal Reserve is about to pop the easy-money financial bubble.
In the aftermath of the weekend's horrific attack, several realities have become clear. Taking history into account, three things will undoubtedly occur in response to the terror attacks in Paris.
Here are some of the lessons we in the United States learned too late about allowing our freedoms to be eviscerated in exchange for the phantom promise of security. The over-arching principle is simply this: once you start down the road towards a police state, it will be very difficult to turn back.
The Western world consists of a tyranny in which brainwashed nonentities live in a constructed reality. Can enough of these people be rescued to make a difference? That is the question.
The Baltic Dry Index staged a recovery mid-year, hopefully rising amid promises of stability in China and an 'escape' velocity USA. All that centrally-planned hope and hype faith has been eviscerated on the altar of economic reality. With no ability to directly manipulate the Baltic Dry Index to 'pretend' everything is awesome, it remains among the best 'real' indicators of the state of the global economy... and it's in the toilet...
"The Chinese government has the right and the ability to recover the islands and reefs illegally occupied by neighboring countries"...
According to Bank of America, the smart money is taking advantage of this latest rebound in stocks to sell to who else: the traditionally biggest sucker in the room - retail investors.
The Trade-Weighted US Dollar has risen almost 19% over the past 18 months - the fastest pace of increase on record - and is now at its highest level since 2003. As we noted previously, this is not unequivocally good for American corporate profits... and if you believe The Fed's Stan Fischer - the worst effects of this soaring exchange rate are yet to come... Most of the impact of exchange rate moves come after that first year. So we’re only just getting into the business end of the impact of the dollar’s strength on the US economy. And the Fed are about to hike?