"We as a company are neutral - we have not and will not use our products in a way that attempts to influence how people vote." That is a quote from a Facebook spokesperson given in response to a leaked internal poll which asked what responsiblity Facebook had in preventing Donald Trump from becoming the next president. In light of the fact that a former employee is now admitting Facebook routinely suppresses conservative news stories from its trending news section, we're curious if that same response will be used.
In reality, it will not be a single factor but an unexpected concatenation of events, that result in a financial crisis, driving global contagion and an economic slowdown.
Poland Refuses To Accept Any Refugees "As They Pose A Threat To Security", Will Not Comply With European "Blackmail"Submitted by Tyler Durden on 05/09/2016 13:17 -0400
Seemingly unfazed by the recent European Commission proposal to punish countries which refuse to comply with "fair" refugee allocation quotas with fines as high as €250,000 per asylum seeker, the head of Poland’s ruling Law and Justice party and former PM Jaroslaw Kaczynski said that no refugees will be accepted in Poland "as they pose a threat to security" adding that Poland will oppose any law forcing EU members to pay €250,000 per refused refugee.
Labour Party politician Sadiq Khan has been sworn in as mayor of London. He is the first Muslim to lead a major European capital. Khan - who won 57% of the ballot, or 1.3 million votes, a number which happens to be roughly equal to Muslim population of London - has promised to be "the British Muslim who takes the fight to the extremists." Others are not so sure. During the election campaign, Khan faced a steady stream of allegations about his past dealings with Muslim extremists and anti-Semites.
Real demand for steel in China dropped at least 7% in April from the year before, according to Citigroup’s Tracy Liao estimates, so it should not be a total surprise that the frenzied speculative buying in Iron Ore, Rebar, and various other industrial metals in China has crashed back to reality as volumes plunge, dragging The Baltic Dry Freight Index with it as yet another government-manipulated 'signal' collapses into a miasma of malinvestment and unintended consequences.
China's Crashing - Stocks, Commodities Plunge After "Top Authority" Implies "Abandoning Loose Policy"Submitted by Tyler Durden on 05/09/2016 01:04 -0400
"After comprehensive judgment, our economic recovery cannot be U-shaped, cannot be V-shaped, but will be L-shaped," warns an 'authoritative' person according to a shocking report published by Government mouthpiece People's Daily. The report, explaining why investors should not expect growth to pick up soon or expect more stimulus to come soon further sets expectations for China to "face the issue of rising non-performing loans" and not continue to create zombie companies. The result - a bloodbath in stocks and commodities...
We are all living in Hybrid War time. From R2P (“responsibility to protect”) to color revolutions, from currency attacks to stock market manipulations. From judicial-financial-political-media enabled “soft” coups – as in Brazil – to support for “moderate” jihadis, multiple stages of Hybrid War now cross-pollinate and generate a vortex of new mutant viruses. This is the new normal; Cold War 2.0, 24/7.
The situation in hyperinflating socialist paradise Venezuela just moved one step closer to chaotic totalitarianism. With President Maduro clinging to power (thanks to his military 'assistance') amid growing social unrest (1.8 million signatures gathered seeking a referendum to remove him), FoxNews Latino reports German Mavare, leader of the opposition UNT party, died Friday after being shot in the head, asassinated in the western state of Lara, according to his organisation. Maduro has appeared on State TV tying Mavare to "armed groups" and suggested that more right-wing politicians are potential targets.
The dollar's recent rapid slide has been accompanied by a constant backdrop of dovish cooing from the Fed. Until this week, SocGen's Albert Edwards notes that both equity and commodity markets had embraced the weak dollar as the elixir to solve all their ills. That relief, however, has now proved fleeting as fear of weak economic activity has reasserted its influence on investors. The weak dollar, Edwards warns, should be seen as merely a shuffling of deckchairs on the Titanic before the global economy sinks below the icy waves.
Scott Adams - creator of the infamous Dilbert cartoons - believes Donald Trump will win the presidency in a landslide. Trump's "meticulously plotted domination," as Adams explains to The Washington Post, stems from his running on our emotions and sly appeals to our own human irrationality. as the following six points make clear, Adams views Trump as "a master persuader" who will rhetorically dismantle Clinton’s candidacy next.
According to Deutsche Bank the worst kind of a recession, an "endogenous one" in which labor demand plunges as "corporations are not just tired of negative profit growth, but also because they are drawing a line in the sand from the perspective of defending margins" may be imminent... or is already here because based on "payroll reports like last week’s suggest it could be around here."
"It’s definitely Global Risks the Fed is concerned about, not the S&P..." /sarc
Our awful elites gutted America. Now they dare ring alarms about Trump, Sanders — and cast themselves as saviors. Both parties ignored workers, spewed hate, enriched themselves, hollowed out democracy... And now the problem's populism?
On 23 June the British will vote in a referendum to decide whether their country should remain in or leave (BREXIT) the European Union (EU). The importance of this event cannot be overstated, since it will impact the future of the UK – and very likely that of Europe – for decades to come. The polls suggest that this will be a close contest. This means that a significant proportion of the population will be deeply unhappy with the outcome of the referendum, not really an encouraging sign given its profound implications. But why on Earth are the Brits questioning their membership of the EU in the first place? Why can’t they just settle down like everyone else?