http://www.zerohedge.com/fullrss2.xml/wp-login.php/sites/default/files/images/user5/imageroot/2011/09/sites/default/files/images/user3303/imageroot/2012/02/sites/default/files/images/user5/imageroot/2011/09/sites/default/files/images/user5/imageroot/news en Xi Jinping's Speech: "Housing Is For Living Rather Than Speculation" http://www.zerohedge.com/news/2017-10-18/xi-jinpings-speech-housing-living-rather-speculation <p>Xi Jinping delivered a <a href="https://www.pscp.tv/w/1lPKqprYwPlxb">three and a half-hour speech </a>at the opening of China&rsquo;s 19<sup>th</sup> Party Congress, the once in five years mega-Communist Party gathering (<a href="http://www.zerohedge.com/news/2017-10-15/chinas-big-reshuffle-preview-years-biggest-political-event-chinas-19th-party-congres">previewed here</a>), to herald a &lsquo;new era&rsquo; of power (a term he used 36 times), consolidating his position as perhaps the most influential Chinese leader in decades. While he did lay out&nbsp; guidelines to develop China in this &lsquo;new era&rsquo;, bottom line: Heavy in superlatives, light on specifics.</p> <p>It was the year&#39;s most carefully politically-staged global event, best understood by the related trivia gleaned from party officials. The drafting process involves 4,700 individuals, 59 organisations, reports from 25 think tanks, nine research committees and 6 discussion forums, hosted by Xi, to hear suggestions. Xi walked into the Great Hall of the people to marching band music with delegates clapping in time. When highlighted the role of Marxism in 21<sup>st</sup> century China, he was greeted by lots of applause from delegates.</p> <p><iframe allowfullscreen="" frameborder="0" height="281" src="https://www.youtube.com/embed/FaLxmT8I8yo" width="500"></iframe></p> <p>A room where everyone agrees, and nobody argues. In short: Marxism in action.</p> <p><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/10/17/xi1_0.png" style="width: 500px; height: 260px;" /></p> <p>Anyway&hellip;what about policy, economics and China&rsquo;s credit bubble?</p> <p>Obviously, not everything is said explicitly, so we are forced to employ the dark art of interpreting both what&rsquo;s said and what&rsquo;s not said. On that note&hellip;there has been speculation that Xi will take further action to contain the credit bubble after he&rsquo;s solidified his own position at the Congress. Xi vowed to continue to work to reduce the debt load and make further capacity cuts. This follows the head of the People&#39;s Bank of China, Zhou Xiaochuan&rsquo;s comment this week that Chinese companies have too much debt. Perhaps the most interesting question is how much significance should be attached to Xi&rsquo;s comment&nbsp; <strong>&quot;housing is for living rather than speculation&#39;&#39;</strong>&hellip; a soundbite which he reiterated.</p> <p>Talking of what was not said, there has been some discussion regarding the prominent place given to Jiang Zemin. Some journalists noted that Jiang implemented difficult economic reforms in the 1990s, unlike Xi&rsquo;s immediate predecessor, who was the architect of the credit boom. Maybe there&rsquo;s something in it, but it&rsquo;s very tenuous.</p> <p>Xi stated that China will &ldquo;deepen interest rate and exchange rate reform&rdquo; &ndash; which was directionally unhelpful for traders &ndash; and will boost the strength of state companies to defend against systemic risks. The Yuan gapped higher as Xi started speaking, but it probably &ldquo;had to.&rdquo;</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/10/17/xi2.png"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/10/17/xi2_0.png" style="width: 500px; height: 281px;" /></a></p> <p>While the Yuan strengthened, the PBoC was undertaking its largest open market operation since 18 September 20177, injecting RMB 270 billion into the financial system. Xi repeated the government&rsquo;s mantra that (obviously) economic growth is not balanced, or efficient, innovation is poor and the real economy needs to be improved.</p> <p>There was no reference to economic growth targets, although Xi stated that quality of growth, rather than speed, is the priority. Most commentators are taking this to mean no change to 6.5% annual GDP growth. Maybe... but it&rsquo;s not certain.</p> <p>From an overseas perspective, Xi outlined the need to reduce entry barriers for foreign businesses by &ldquo;large scale&rdquo;, which made us wonder whether he&rsquo;s concerned about too little growth going forwards. In a truly bizarre claim, he stated that China wants to &ldquo;contribute to global ecological security&rdquo;, and complimented his nation for leading the global debate on climate change. Debating is one thing, we suppose.</p> <p>Corruption was, unsurprisingly, a major theme in the speech and is the biggest threat for the Communist Party, according to Xi. Having said that, progress has been made &quot;We have taken out tigers, swept flies and hunted down foxes&quot; and the Party will &ldquo;continue to purify, improve and reform itself.&rdquo; The Party members were encouraged &ldquo;resists pleasure seeking, inaction, sloth and problem avoidance.&rdquo;</p> <p>In the wake of Brexit and Catalonia, Xi made the veiled threat that &ldquo;opposing behaviors&rdquo; must be prevented from &ldquo;splitting the motherland.&#39;&#39; China would not allow any separation from China&rsquo;s territory, which obviously includes Taiwan.</p> <p>The longer-term plan is divided into periods. Between now and 2020, Xi said that China would complete the building of a moderately prosperous society. The realization of socialist modernization will be achieved after 15 years of hard work in 2035, with the &ldquo;golden era&rdquo; (our term) of prosperity by 2050. &quot;Socialism with Chinese characteristics is now flying high and proud for all to see.&quot; Xi claimed.</p> <p>Finally, Xi promised that female and ethnic minorities will be elevated in Chinese society, which seemed &ldquo;prescient&rdquo; given the observations of Bloomberg&rsquo;s Pete Martin in the auditorium. &ldquo;`Twelve women in red coats and four men in black coats fanning out to serve tea on stage -- perfectly synchronized. The four men are serving the leaders in the front row and the 12 women are serving those seated behind them.&#39;&#39;</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="625" height="341" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/china%20xi.jpg?1508320787" /> </div> </div> </div> http://www.zerohedge.com/news/2017-10-18/xi-jinpings-speech-housing-living-rather-speculation#comments China China Chinese communists Chinese people Communist Party Communist Party of China Congress Corruption Crown Prince Party Jiang Zemin Moderately prosperous society National Congress of the Communist Party of China People's Bank of China Renminbi Xi Xi Jinping Yuan Wed, 18 Oct 2017 10:07:50 +0000 Tyler Durden 605533 at http://www.zerohedge.com CIA Urges Trump To Delay Release Of 3,000 Never-Before-Seen Documents On JFK Assassination http://www.zerohedge.com/news/2017-10-17/cia-urges-trump-delay-release-3000-never-seen-documents-jfk-assassination <p><a href="http://theduran.com/cia-urges-potus-trump-to-delay-release-of-3000-never-before-seen-documents-on-assassination-of-john-f-kennedy/"><em>Authored by Alex Christoforou via TheDuran.com,</em></a></p> <p>More than 3,000 never-before-seen documents from the FBI, CIA, and Justice Department on the assassination of&nbsp;John F.&nbsp;Kennedy are scheduled be released, with <strong>many experts&nbsp;fearing that such a large release of secret JFK assassination documents will spur &ldquo;a new generation of conspiracy theories.&rdquo;</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/17/20171017_jfk.jpg"><img height="339" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/17/20171017_jfk_0.jpg" width="600" /></a></p> <p>According to Roger Stone, <strong>the CIA is urging President Donald Trump to delay disclosing some of the files for another 25 years.</strong></p> <p>Roger Stone said in a post on his website&hellip;</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>&ldquo;They must reflect badly on the CIA even though virtually everyone involved is long dead.&rdquo;</strong></p> </blockquote> <p><a href="https://www.newsmax.com/Newsfront/national-archives-release-documents-john-f-kennedy/2017/10/16/id/820081/">Newsmax</a>&nbsp;reports:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>More than 3,000 never-before-seen documents from the FBI, CIA, and Justice Department are set to be released, along with 30,000 that have only been partially released in the past. The document dump &ldquo;will simply fuel a new generation of conspiracy theories,&rdquo; write Philip Shenon and Larry J. Sabato.</p> <p>&nbsp;</p> <p>Sabato is the director of the University of Virginia Center for Politics and author of&nbsp;<a href="https://www.amazon.com/Kennedy-Half-Century-Presidency-Assassination-Lasting-ebook/dp/B00CIR97SY/ref=sr_1_1?s=digital-text&amp;ie=UTF8&amp;qid=1508196042&amp;sr=1-1&amp;linkCode=as2&amp;tag=newsmedi9a-20&amp;linkId=JWQX7Q4SOSP2L6BP"><strong>&ldquo;The Kennedy Half-Century&rdquo;</strong></a>&nbsp;and Shenon is a former reporter for the New York Times and author of,&nbsp;<strong><a href="https://www.amazon.com/Cruel-Shocking-Act-History-Assassination-ebook/dp/B00DVE484G/ref=asap_bc?ie=UTF8&amp;linkCode=as2&amp;tag=newsmedi9a-20&amp;linkId=JWQX7Q4SOSP2L6BP">&ldquo;A Cruel and Shocking Act: The Secret History of the Kennedy Assassination.&rdquo;</a></strong></p> <p>&nbsp;</p> <p><strong>The CIA is urging President Donald Trump to delay disclosing some of the files for another 25 years according to friend and political adviser Roger Stone but the National Archives would not say whether any agencies have appealed the release of the documents.</strong></p> </blockquote> <p><a href="http://www.thegatewaypundit.com/2017/10/must-reflect-badly-cia-experts-fear-release-secret-jfk-assassination-documents/" rel="noopener" target="_blank">According to The Gateway Pundit</a>&nbsp;Roger Stone and Gerald Posner, two&nbsp;<em>New York Times</em>&nbsp;bestselling authors who are polar opposites about who killed JFK, have joined together to urge Donald Trump to release all the remaining classified files on Kennedy&rsquo;s assassination.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>About 3,100 files are still sealed in the National Archives. Under the 1992 JFK Records Act, the Archives have until&nbsp;<span>October 26</span>&nbsp;to decide which of those files to publicly disclose.</strong></p> <p>&nbsp;</p> <p>Some of the classified documents include a CIA personality study of Oswald, top-secret testimony of former CIA officers to congressional committees, transcripts of interrogations with Soviet defector and Oswald handler Yuri Nosenko, letters about the case from J. Edgar Hoover and Jackie Kennedy, the CIA file on Jack Wasserman, the attorney for New Orleans mob boss Carlos Marcello, and the operational file of E. Howard Hunt, career spy and Watergate burglar.</p> <p>&nbsp;</p> <p><strong>Roger Stone, in his bestselling 2013&nbsp;<em>The Man Who Killed Kennedy: The Case Against LBJ,&nbsp;</em>set forth the case that LBJ was the mastermind of plot that included the CIA, the Mob and Big Texas Oil to kill Kennedy.</strong></p> <p>&nbsp;</p> <p>Gerald Posner, in his 1993 bestselling finalist for the Pulitzer for History,&nbsp;<em>Case Closed: Lee Harvey Oswald and the Assassination of JFK</em>, concluded that the Warren Commission conclusions are correct and Oswald acting alone had killed Kennedy.</p> <p>&nbsp;</p> <p><strong>While they might not agree on who killed Kennedy, Stone and Posner are longstanding advocates for the release of all the government files on the assassination.</strong></p> <p>&nbsp;</p> <p>&ldquo;These files should have been released long ago,&rdquo; says Posner. &ldquo;The government does this all the time, over classified documents and then holds on to them for decades under the guise of &lsquo;national security.&rsquo; <strong>All the secrecy just feeds people&rsquo;s suspicions that the government has something to hide and adds fuel to conspiracy theories.&rdquo; </strong>Posner is convinced the case will still be closed when the last document is made public.</p> <p>&nbsp;</p> <p><strong>&rdquo;I know CIA Director Pompeo is urging the President to delay release of these records for another 25 years,&rdquo; said Stone. &ldquo;They must reflect badly on the CIA even though virtually everyone involved is long dead.&rdquo; Stone believes the evidence supporting the case in his book is still hidden somewhere in government files.</strong></p> <p>&nbsp;</p> <p>Both authors called on President Trump &ndash; who is empowered to make the final decision should the National Archives or CIA balk on releasing all the files &ndash; to opt for transparency.</p> </blockquote> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="743" height="420" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20171017_jfk.jpg?1508286322" /> </div> </div> </div> http://www.zerohedge.com/news/2017-10-17/cia-urges-trump-delay-release-3000-never-seen-documents-jfk-assassination#comments Assassination of John F. Kennedy Central Intelligence Agency Central Intelligence Agency Department of Justice Donald Trump E. Howard Hunt FBI Federal Bureau of Investigation Films Gerald Posner JFK John F. Kennedy Lee Harvey Oswald national security New Orleans New York Times Politics President John F. Kennedy Assassination Records Collection Act SPY Testimony Transparency United States University of Virginia Center for Politics Warren Commission Warren Commission Yuri Nosenko Wed, 18 Oct 2017 09:25:00 +0000 Tyler Durden 605522 at http://www.zerohedge.com Marc Faber Racist Diatribe Costs Him CNBC, Fox Slots; Sprott Board Seat http://www.zerohedge.com/news/2017-10-17/sprott-demand-marc-fabers-resignation-after-racist-diatribe <p><em><strong>Update: </strong></em>as previewed earlier, Sprott announced that at the request of the Board of Directors and Sprott management, <strong>Marc Faber has resigned as a director of the Company effective immediately.</strong></p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>“The recent comments by Dr. Faber are deeply disappointing and are completely contradictory with the views of Sprott and its employees,” said Peter Grosskopf, CEO of Sprott. “We pride ourselves on being a diverse organization and comments and behavior of this sort will neither be condoned nor tolerated. We are committed to providing an inclusive workplace for all of our employees and we extend the same respect to our clients and investors.”</p> </blockquote> <p>Separately, both CNBC and Fox Business Network, cable channels where he had appeared in the past, said they won't invite him on in the future.</p> <p>* * * </p> <p>Marc "Dr. Doom" Faber is in trouble, only this time it's not for yet another doomsday forecast which hasn't come true, but for launching into a racially charged diatribe telling subscribers to his newsletter that he was glad that “white people populated America, and not the blacks.”</p> <p>The eccentric veteran investor and former Drexel director, who predicted the 1987 stock market crash and has been a fixture on financial television, claimed in his October 3 monthly newsletter that “<strong>the U.S. would look like Zimbabwe</strong>” if the country had been settled by black people instead of whites. In the latest edition of his 15-page investor letter, "The Gloom, Boom &amp; Doom Report," Faber argued against the removal of confederate statues, saying the only crime of the men those monuments honored was to defend slavery and that the controversy distracts from more important <a href="https://www.bloomberg.com/news/articles/2017-10-17/marc-faber-thanks-god-that-the-blacks-didn-t-populate-america">debates, according to Bloomberg</a>. There, inbetween quotes from George Orwell and historian Edward Gibbon and his opinions on universal basic income, Faber wrote the following:</p> <p>"<strong>And thank God white people populated America, and not the blacks. Otherwise, the US would look like Zimbabwe, which it might look like one day anyway, but at least America enjoyed 200 years in the economic and political sun under a white majority</strong>."</p> <p>He then added that <strong>"I am not a racist, but the reality — no matter how politically incorrect — needs to be spelled out."</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/10/14/faber%20statement.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/10/14/faber%20statement_0.jpg" width="500" height="245" /></a></p> <p><em>Source: @<a href="https://twitter.com/beardedmiguel/status/920085045888667648">Beardedmiguel</a></em></p> <p>In the newsletter, Faber's comments also address the confrontation in Charlottesville, Virginia, where violence sparked a national debate over race and monuments that honor prominent Confederate figures that Faber decided to weigh in on. Faber called the monuments "statues of honourable people whose only crime was to defend what all societies had done for more than 5,000 years: keep a part of the population enslaved."</p> <p>Asked for a comment by the WSJ Faber responded in an e-mail: “I am naturally standing by this comment since this is an undisbutable (SIC) fact.”</p> <p>Reached for <a href="https://www.wsj.com/articles/trump-narrows-fed-leader-search-to-five-final-candidates-1508256697?mod=djemalertMARKET">comment by CNBC</a>, Faber similarly did not back away from his statements: "If stating some historical facts makes me a racist, then I suppose that I am a racist. For years, Japanese were condemned because they denied the Nanking massacre." In addition to the brief statement, he sent a link to a USA Today story titled, "Banned in Biloxi, 'To Kill a Mockingbird' raises old censorship debate," focusing on the Harper Lee classic.</p> <p>His comments drew an immediate reaction, and as <a href="https://www.bloomberg.com/news/articles/2017-10-17/sprott-ceo-will-ask-board-to-demand-marc-faber-s-resignation">Bloomberg reports</a>, Sprott CEO Peter Grosskopf said will ask the board to demand the immediate resignation of Marc Faber, who is a director on Sprott's board. Grosskopf added that he had already spoken to the company chairman about Marc Faber.</p> <p>Grosskopf also said that the company is “deeply disappointed” and shocked by Faber’s comments. </p> <p>“We take pride in the fact that we are a global organization with a racially inclusive employee, client and investment base. Our policies in that regard are crystal clear and well known. As such these comments and thinking are completely unacceptable and we will be taking immediate steps to distance ourselves from Mr. Faber and request his resignation from our board."</p> <p><a href="https://t.co/C1NjL9eFPn">According to the WSJ</a>, the comments sparked a broad backlash from investors and market commentators Tuesday. <strong>CNBC and Fox Business Network, cable channels where he had appeared in the past, said Tuesday they don’t intend to book him in the future.</strong></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="800" height="431" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/faber%20teaser.jpg?1508259720" /> </div> </div> </div> http://www.zerohedge.com/news/2017-10-17/sprott-demand-marc-fabers-resignation-after-racist-diatribe#comments Board of Directors and Sprott CNBC Faber Finance Fox Business George Orwell Marc Faber Market Crash Reality Social Issues Surname Television in the United States Wed, 18 Oct 2017 09:10:13 +0000 Tyler Durden 605493 at http://www.zerohedge.com "If Catalonia Fails, We All Fail..." http://www.zerohedge.com/news/2017-10-17/if-catalonia-fails-we-all-fail <p><a href="https://libertyblitzkrieg.com/2017/10/17/if-catalonia-fails-we-all-fail/"><em>Authored by Mike Krieger via Liberty Blitzkrieg blog,</em></a></p> <p><em>While I&rsquo;ve touched on the Catalan independence movement in several recent posts, I want to make one thing clear from the start. I don&rsquo;t have a strong opinion on whether or not independence is the right move for the region and its people. It would be completely inappropriate for me, a U.S. citizen living in Colorado, to lecture people 5,000 miles away on how they should organize their political lives.</em></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/17/20171017_cat.jpg"><em><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/17/20171017_cat_0.jpg" style="width: 559px; height: 288px;" /></em></a></p> <p><strong>While I don&rsquo;t have an opinion on how Catalans should vote, I unwaveringly support their right to decide the issue for themselves. When it comes to the issue of voting and referendums, we&rsquo;ve entered a topic far bigger than Catalonia, Spain, or even Europe itself. When it comes to the issue of political self-determination, we&rsquo;re talking about an essential human right which should be seen as inherent to all of us, everywhere.</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/17/20171017_cat2.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/17/20171017_cat2_0.jpg" style="width: 560px; height: 332px;" /></a></p> <p><strong>The Catalan push for a right for vote on independence should be seen as part of a much larger push toward greater self-determination that humans will demand in increasingly large numbers in the years ahead. The time is ripe for us as a species to insist on a transition toward a more voluntary, sane, peaceful and decentralized process of political organization. </strong>This is an idea whose time has come, and I thank the Catalan people from the bottom of my heart for brining it to the fore, and also for conducting themselves in such a noble, courageous and thoughtful manner. You are leading the way for the rest of us.</p> <p><strong>The key reason Madrid is wrong on this issue relates to its insistence that Spain must sustain itself in its current form forever.</strong> Since Spain is a manmade political creation, this is the modern equivalent of claiming a &ldquo;divine right of kings,&rdquo; but rather than bestowing this archaic conception on individual rulers, it&rsquo;s bestowed upon a nation-state. This is not just an absurd position, it&rsquo;s patently anti-human. As I discussed in the post,<strong>&nbsp;<a href="https://libertyblitzkrieg.com/2017/10/02/its-time-to-question-the-modern-nation-state-model-of-governance/" rel="bookmark noopener" target="_blank" title="Permanent Link to It’s Time to Question the Modern Nation-State Model of Governance">It&rsquo;s Time to Question the Modern Nation-State Model of Governance</a></strong>:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong><em>As things stand today, humans essentially have two choices when it comes to political life. We either accept the nation-state we&rsquo;re born into and play the game to the best of our advantage, or we try to become citizens of another country with values that more align with our own. The only way to really shatter existing political power structures and form new ones is through violent revolution or war, which is an insane way of reorganizing matters of human governance.&nbsp;One of Spanish Prime Minister Mariano Rajoy&rsquo;s key arguments in casting the Catalan referendum as illegal is that Spain is an indivisible nation under the 1978 constitution. Let&rsquo;s think about what this means in practice.</em></strong></p> <p>&nbsp;</p> <p><strong><em>Anyone who&rsquo;s spent any time in Spain understands how culturally and linguistically distinct many of the regions are when compared to Madrid. These are differences that go back centuries and can&rsquo;t be brushed off by a constitution created a few decades ago. The idea that these various regions must be part of a centralized Spain even if the people within the regions want political autonomy is ethically preposterous, as well as authoritarian and evil in every sense of the word. If done properly, human governance should always be a voluntary arrangement. If an overwhelming majority of culturally distinct people within any nation-state decide the super state is no longer working for them, they should have every right to leave. Anything else is bondage.</em></strong></p> </blockquote> <p>If humans are going to evolve into better forms of political organization rooted in voluntary associations, we must first reject the clear authoritarian nature of our current political environments. All of us are randomly born into nation-states which we never chose in the first place and told to accept them as eternal structures. The people of Catalonia have realized the absurdity of this and are taking a brave stand on the issue. Anyone who genuinely believes in human rights must stand with the people of Catalonia and support their right to a referendum should they choose to have one.</p> <p>With political philosophy out of the way, I want to move on to a discussion of strategy and why I think those leading the push for Catalan independence have played their hand brilliantly thus far.</p> <p>First, leadership&rsquo;s emphasis on a peaceful movement in the face of thuggish violence and aggression by the Spanish state is of the utmost importance. For an independence movement to succeed and create a better, more free society afterwards, things must be done in a conscious way. <u><strong>As I&rsquo;ve said many times before, ends never justify the means. The means are everything.&nbsp;</strong></u>Moreover, by exposing the opposition as goons, you foster increased solidarity amongst your neighbors who may have been on the fence when it comes to independence. You also create passionate allies across the world. The Catalan people have succeeded remarkably on all these fronts.</p> <p>Immediately following the October 1st referendum, I was concerned that Catalan President Carles Puigdemont would make a mistake by prematurely declaring independence. This would&rsquo;ve been a huge error since while 90% voted for independence, only 40% or so voted. While such a lopsided result certainly makes the case that Catalans deserve a vote for self-determination, it&rsquo;s not a clear mandate given the low turnout. If the people of Catalonia want to succeed in their push, Madrid must be seen as the unreasonable &mdash; and very public &mdash; aggressor in virtually every move on the chessboard. By not prematurely declaring independence Catalonia pushed the move back into Madrid&rsquo;s court, which is wise since the government there has a habit of making really stupid decisions.</p> <p><strong>Unsurprisingly, it didn&rsquo;t take long for Spain to make yet another blunder with yesterday&rsquo;s imprisonment without bail of two of Catalonia&rsquo;s independence leaders.</strong></p> <p><a href="https://www.reuters.com/article/us-spain-politics-catalonia/catalonia-refuses-to-renounce-independence-anti-government-protests-form-idUSKBN1CM1M3?feedType=RSS&amp;feedName=worldNews&amp;utm_source=Twitter&amp;utm_medium=Social&amp;utm_campaign=Feed%3A+Reuters%2FworldNews+%28Reuters+World+News%29" rel="noopener" target="_blank"><em>Reuters</em></a> reported:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em>Spain&rsquo;s biggest political crisis in decades worsened on Monday night when Madrid&rsquo;s High Court jailed the heads of Catalonia&rsquo;s two main separatist groups pending an investigation for alleged sedition.</em></p> <p>&nbsp;</p> <p><em>The Catalan government accused Madrid of taking &ldquo;political prisoners&rdquo; and one of the groups has called for peaceful demonstrations around Catalonia on Tuesday, with the biggest expected to begin in Barcelona in the evening.</em></p> <p>&nbsp;</p> <p><em>Catalan leader Carles Puigdemont, in a tweet following the detentions, said: &ldquo;Sadly, we have political prisoners again.&rdquo;</em></p> <p>&nbsp;</p> <p><em>The phrase was an allusion to the military dictatorship under Francisco Franco, when Catalan culture and language were systematically suppressed. It carries an emotional resonance given fascism is still a living memory for many Spaniards.</em></p> </blockquote> <p><strong>Knowing that jail was a possibility,&nbsp;Omnium chief Jordi Cuixart had prerecorded a video message. It&rsquo;s short, powerful and inspiring.</strong></p> <p><iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/h1djhPw-vx4" width="560"></iframe></p> <p><strong>If you think you&rsquo;ve seen enough, brace yourselves because it may get far more chaotic in the days ahead. If Spain&rsquo;s Prime Minister Mariano Rajoy goes through with his threat to invoke Article 155 on Thursday should Catalonia refuse to clarify its position on independence (it won&rsquo;t), it&rsquo;ll be the equivalent of a political nuclear bomb going off in Europe.</strong></p> <p>From the <a href="https://apnews.com/f87e8e7dd86240d5a412ba3a7a1a6b2e/The-Latest:-Judge-jails-2-Catalan-independence-leaders?utm_campaign=SocialFlow&amp;utm_source=Twitter&amp;utm_medium=AP" rel="noopener" target="_blank"><em>AP</em></a>:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em>Spain&rsquo;s deputy prime minister says that Catalonia&rsquo;s leader didn&rsquo;t give an adequate response in his letter about the region&rsquo;s independence and has until Thursday to comply with the country&rsquo;s laws.</em></p> <p>&nbsp;</p> <p><em>Carles Puigdemont&rsquo;s letter, issued two hours before a Monday deadline, didn&rsquo;t clarify whether he in fact declared Catalonia&rsquo;s independence from Spain. He called for talks with Spain&rsquo;s government.</em></p> <p>&nbsp;</p> <p><em>Spain&rsquo;s central government wanted a simple &ldquo;yes&rdquo; or &ldquo;no&rdquo; answer from Puigdemont, something that Spanish Deputy Prime Minister Soraya Saenz de Santamaria said that he didn&rsquo;t provide.</em></p> <p>&nbsp;</p> <p><em>Saenz de Santamaria said in an address to reporters that &ldquo;it wasn&rsquo;t very difficult to say yes or no. That was the question that was asked and the response shouldn&rsquo;t be complicated.&rdquo;</em></p> <p>&nbsp;</p> <p><em>She said he has until Thursday morning to fall in line, or faces the possibility of Spain activating Article 155 of the Constitution which would allow the central government to take over parts of Catalonia&rsquo;s self-governance.</em></p> </blockquote> <p><strong>Should the Spanish government activate Article 155, it&rsquo;ll mark the culmination of a perfectly played independence movement by the Catalans. </strong>This isn&rsquo;t to say that the road to independence, or more autonomy, will be smooth or easy from that point forward, but it will create a sense of increased solidarity amongst the Catalan people that wasn&rsquo;t as widespread before October 1st. Many of those who opposed independence before, or were on the fence, will come around to standing with their friends and neighbors in the face of unacceptable aggression from Madrid. The road may be a long one, but invoking Article 155 will mark the beginning of the end for Madrid.</p> <p>As I mentioned at the beginning of this post,<strong> the issue of political self-determination is much bigger than Catalonia and Madrid. </strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/17/20171017_cat1.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/17/20171017_cat1_0.jpg" style="width: 560px; height: 303px;" /></a></p> <p><strong>The Catalan struggle represents just one battle in an overall human push for freedom and voluntary associations. It&rsquo;s a fight in a much larger war that absolutely must be won for liberty and progress to blossom on this planet.</strong> A battle between decentralization, freedom and voluntary action, against centralization, authoritarianism and coercion.</p> <p>You know where I stand.</p> <p>*&nbsp; *&nbsp; *</p> <p><strong><em>If you liked this article and enjoy my work, consider becoming a&nbsp;monthly&nbsp;<a href="https://www.patreon.com/michaelkrieger" rel="noopener" target="_blank"><span style="color: #ff6600;">Patron</span></a>,&nbsp;or visit our&nbsp;<a href="https://libertyblitzkrieg.com/support-liberty-blitzkrieg/" rel="noopener noreferrer" target="_blank">Support&nbsp;Page</a>&nbsp;to show your appreciation for&nbsp;independent content creators.</em></strong></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="703" height="362" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20171017_cat.jpg?1508295176" /> </div> </div> </div> http://www.zerohedge.com/news/2017-10-17/if-catalonia-fails-we-all-fail#comments Autonomous communities of Spain Carles Puigdemont Catalan government Catalan independence Catalan independence movement Catalan independence referendum Catalan language Catalan self-determination referendum Catalonia Fail Generalitat de Catalunya Government of Catalonia Independence referendums Madrid’s court Madrid’s High Court Politics Politics of Catalonia Reuters Spain’s government Spanish government Wed, 18 Oct 2017 09:00:00 +0000 Tyler Durden 605530 at http://www.zerohedge.com "It's Sad As Hell" - Swedish Ambassador Admits, We're "In The Process Of Dismantling Democracy" http://www.zerohedge.com/news/2017-10-17/its-sad-hell-swedish-ambassador-admits-were-process-dismantling-democracy <p>Sweden&#39;s new ambassador to Iceland has sparked a major controversy after warning that <strong>Sweden is &quot;in the process of dismantling democracy&quot; </strong>and could be on a <strong>slippery slope towards technocracy or a dictatorship.</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/17/20171017_swe.jpg"><img height="304" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/17/20171017_swe_0.jpg" width="600" /></a></p> <p>Håkan Juholt, a former leader of the centre-left Social Democrat party and <strong>ambassador to Iceland since September, </strong>made the comments in an interview with the&nbsp;<a href="https://www.svd.se/ambassador-juholt-aker-inte-tillbaka-till-sverige" target="_blank">Svenska Dagbladet </a>newspaper.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em><strong>&quot;How old is your son? Four?&quot; </strong></em>he asks the reporter.</p> <p>&nbsp;</p> <p><em><span style="text-decoration: underline;"><strong>&quot;When he is old he won&#39;t be living in a democracy but in a technocracy, or a dictatorship. It&#39;s sad as hell. I am sorry to say it, but I am 100 percent sure. We are in the process of dismantling democracy.&quot;</strong></span></em></p> </blockquote> <p>Later in the interview, he says:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>&quot;I don&#39;t think the threat is a dictatorship with tanks rolling on Sergel&#39;s Square (a well-known square in central Stockholm), but an expert rule where we do not let the citizens&#39; values govern the country.</strong> Democracy is slipping through our fingers. Fewer people want to be elected, the parties are toning down their ideology.</p> <p>&nbsp;</p> <p><strong>Sure, I see a risk that it may become a dictatorship in the long run.&quot;</strong></p> </blockquote> <p>His brutal honesty in a diplomatic role appears to have ruffled more than a few feathers...</p> <p><a href="https://www.thelocal.se/20171017/sweden-is-in-the-process-of-dismantling-democracy-ambassador-hakan-juholt?utm_source=dlvr.it&amp;utm_medium=twitter"><em>As The Local reports</em></a>, Juholt did not elaborate on the comments, which have sparked criticism in Sweden.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>&quot;It&#39;s remarkable. It is the role of ambassadors, and the role of the government, to deliver an accurate image of our country and promote our country in the world,&quot; </strong>Culture and Democracy Minister Alice Bah Kuhnke told the TT newswire, but said it was up to the Foreign Minister to comment further.</p> <p>&nbsp;</p> <p>Margot Wallström responded she <strong>would not &quot;argue with one of my ambassadors&quot; in public.</strong></p> <p>&nbsp;</p> <p><strong>&quot;He will probably have to explain his thoughts himself,&quot; </strong>she said, speaking to TT at a meeting of EU foreign ministers in Luxembourg.</p> <p>&nbsp;</p> <p><strong>&quot;He will probably also soon learn, I would think, what it means to be an ambassador.&quot;</strong></p> </blockquote> <p>All of which is very odd because the establishment told then-candidate-Trump how utopian Sweden was when he criticized it?</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="634" height="321" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20171017_swe.jpg?1508250860" /> </div> </div> </div> http://www.zerohedge.com/news/2017-10-17/its-sad-hell-swedish-ambassador-admits-were-process-dismantling-democracy#comments Alice Bah Kuhnke Democracy European Union Government Government of Sweden Iceland Margot Wallström Newspaper Politics Politics Social Democrat party Technocracy Wed, 18 Oct 2017 08:15:00 +0000 Tyler Durden 605472 at http://www.zerohedge.com The Countries Most (& Least) Satisfied With 'Democracy' http://www.zerohedge.com/news/2017-10-17/countries-most-least-satisfied-democracy <p>Across the globe, the spread of right- and left-wing populism and authoritarian politics have<strong> shaken the very foundations of democracy.</strong><a href="https://www.statista.com/chart/11508/the-countries-most-least-satisfied-with-democracy/"> </a></p> <p><a href="https://www.statista.com/chart/11508/the-countries-most-least-satisfied-with-democracy/">As Statista&#39;s Niall McCarthy notes,</a> a new survey from&nbsp;<a href="http://www.pewglobal.org/2017/10/16/many-unhappy-with-current-political-system/pg_2017-10-16_global-democracy_1-01/" target="_blank">Pew Research</a>&nbsp;has found that <strong>people across the globe are generally unhappy with the functionality of their political systems, though levels of satisfaction with democracy vary hugely between countries</strong>.</p> <p>As can be seen from the following infographic which shows a selection of countries from the survey, <strong>people in&nbsp;<a href="https://www.statista.com/topics/754/india/" target="_blank">India</a>&nbsp;have tremendous faith in democracy</strong>. 79 percent of those polled said they are satisfied with the way democracy is working in India compared to 11 percent who are dissatisfied.&nbsp;<strong><a href="https://www.statista.com/topics/1903/germany/" target="_blank">Germany</a>&nbsp;also recorded a high level (73 percent) of satisfaction with democracy. </strong></p> <p><a href="https://www.statista.com/chart/11508/the-countries-most-least-satisfied-with-democracy/" title="Infographic: The Countries Most &amp; Least Satisfied With Democracy | Statista"><img alt="Infographic: The Countries Most &amp; Least Satisfied With Democracy | Statista" height="428" src="https://infographic.statista.com/normal/chartoftheday_11508_the_countries_most_and_least_satisfied_with_democracy_n.jpg" width="600" /></a></p> <p><em>You will find more statistics at <a href="https://www.statista.com/">Statista</a></em></p> <p><strong>In many other developed countries, however, faith is waning.</strong></p> <p>In the United Kingdom and Japan, 47 percent of people are not satisfied with how democracy is working in their countries while in the U.S., that rises to 51 percent. France, South Korea and Brazil all recorded dissatisfaction levels of 65 percent or higher... <strong>but Greece tops the charts with only 21% of its citizenry &#39;satisfied&#39; with the weay democracy is working.</strong></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="734" height="401" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20171017_usa1.jpg?1508294565" /> </div> </div> </div> http://www.zerohedge.com/news/2017-10-17/countries-most-least-satisfied-democracy#comments Brazil Classical Greece Democracy Elections France Germany Greece India Japan Political philosophy Politics Politics Populism Thought United Kingdom Wed, 18 Oct 2017 07:30:00 +0000 Tyler Durden 605529 at http://www.zerohedge.com Carney Reveals Europe's Potential Achilles Heel in Brexit Talks http://www.zerohedge.com/news/2017-10-17/carney-reveals-europes-potential-achilles-heel-brexit-talks <p>This morning, BoE Governor Mark Carney discussed the risks of a hard Brexit during his testimony to the UK Parliamentary Treasury Committee. There was renewed weakness in Sterling during his testimony.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/10/17/carne%20hits%20pound.jpg"><img alt="" height="208" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/10/17/carne%20hits%20pound.jpg" width="454" /></a></p> <p>Ironically, given the fall in Sterling, Carney explained why Europe&rsquo;s financial sector is more at risk than the UK from a &ldquo;hard&rdquo; or &ldquo;no-deal&rdquo; Brexit. <strong>We wonder whether Juncker and Barnier appreciate the threat that a &ldquo;no-deal&rdquo; Brexit poses for the EU&rsquo;s already fragile financial system?</strong></p> <p>When asked does the European Council &ldquo;get it&rdquo; in terms of potential shocks to financial stability, Carney diplomatically commented that &ldquo;a learning process is underway.&rdquo; Having sounded alarm bells about clearing in his last Mansion House speech, he noted &ldquo;These costs of fragmenting clearing, particularly clearing of interest rate swaps, would be born principally by the European real economy and they are considerable.&rdquo;</p> <p>Calling into question the continuity of tens of thousands of derivative contracts, he stated that it was &ldquo;pretty clear they will no longer be valid&rdquo;, that this &ldquo;could only be solved by both sides&rdquo; and has been &ldquo;underappreciated&rdquo; by Europe. Moving on to the possibility that there might not be a transition period, Carney had a snipe at Europe for its lack of preparation &ldquo;We are prepared as we should be for the possibility of a hard exit without any transition&hellip;<strong>there has been much less of that done in the European Union.&rdquo;</strong></p> <p>Maybe it&rsquo;s Europe, not the UK, that needs the transition period most.</p> <p>In Carneys view &ldquo;It&rsquo;s in the interest of the EU 27 to have a transition agreement. Also, in my judgement given the scale of the issues as they affect the EU 27, that there will ultimately be a transition agreement. There is a very limited amount of time between now and the end of March 2019 to transition large, complex institutions and activities&hellip;If one thinks about the implementation of Basel III<strong>, we are alone in the current members of the EU in having extensive experience of managing the transition for individual firms of various derivative and risk activities from one jurisdiction back into the UK. That tends to take 2-4 years</strong>. Depending on the agreement, we are talking about a substantial amount of activity.&rdquo;</p> <p>Returning to the theme of financial stability, he stated &ldquo;As a general thing, in an uncooperative outcome, at least initially, the UK will be long financial services. We will have more capacity, capital, individuals, collateral in the UK. The EU will be short of financial services because not all of that capacity will be able to go across. The entire economic impacts are greater for the UK but, from a financial stability perspective, they are greater for the EU.&rdquo;</p> <p>On further questioning, Carney outlined the other two major issues, along with derivatives and wholesale banking, which would be affected, i<strong>.e. cross-border provision of insurance (UK domiciled entities would be unable to pay out) and data protection and transfer (there is more data in the UK which is relevant to the EU than vice versa). </strong></p> <p>Summing up, Carney stated &ldquo;<strong>These issues are bigger for Europe than they are for us, but they&rsquo;re material for us</strong>.&rdquo; That comment prompted the following question <strong>&ldquo;In which case we have much more leverage in order to get a deal</strong>?&rdquo; The diplomatic reply was &ldquo;I wouldn&rsquo;t want to use financial stability issues as leverage. I wouldn&rsquo;t want them to be addressed in a bloodless technocratic way in the interests of all the citizens.&rdquo; Didn&rsquo;t he just describe Juncker&rsquo;s modus operandi.</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="780" height="468" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/carney%20committee.jpg?1508285329" /> </div> </div> </div> http://www.zerohedge.com/news/2017-10-17/carney-reveals-europes-potential-achilles-heel-brexit-talks#comments BOE Brexit Brexit negotiations Currency Derivative Euro Europe European Council European Union European Union European Union Euroscepticism in the United Kingdom Mark Carney Testimony UK Parliamentary Treasury Committee Withdrawal from the European Union Wed, 18 Oct 2017 06:43:33 +0000 Tyler Durden 605520 at http://www.zerohedge.com Could the Next Fed Appointment Crush the Housing Market? http://www.zerohedge.com/news/2017-10-18/could-next-fed-appointment-crush-housing-market <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 14.0pt; line-height: 150%;">As the end of Federal Reserve Chairwoman Janet Yellen’s first term approaches, financial markets are beginning to digest the increased likelihood that US President Donald Trump will opt to appoint a more hawkish individual to the position.&nbsp; Even though the Federal Reserve is largely expected to continue tightening monetary policy over the coming months as it pares down the balance sheet and contemplates a dovish hike, Trump’s appointment could send shockwaves through the housing market.&nbsp; </span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 14.0pt; line-height: 150%;">One of the nastier side effects of operating at or near the zero-bound for interest rates has been the rapid expansion of asset valuations.&nbsp; Lower interest rates encourage individuals and companies to finance their purchases and then reinvest for more aggressive returns. However, this rapid valuation expansion has not been limited strictly to financialized assets, but also physical assets like real estate.&nbsp; When seen in the context of the more hawkish leanings of Trump’s recent Fed Chair interviewees, the Administration’s next Fed appointment could pose the risk of a serious correction across asset classes.</span></p> <p class="MsoNormal" style="line-height: 150%;"><strong><span style="font-size: 14.0pt; line-height: 150%;">Fed Frontrunners Exhibit More Hawkish Bent</span></strong></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 14.0pt; line-height: 150%;">Financial news outlets have been rife with reports covering the potential picks for Fed Chairman, with two of the leading candidates including Economist John Taylor and former <a href="https://www.ft.com/content/070eb6bc-8884-3d22-a93f-69c292aa365a">Federal Reserve Governor Kevin Warsh</a>.&nbsp; Taylor, who currently serves as an economics professor at Stanford University, received high marks from Trump according to a Bloomberg report on the matter.&nbsp; Trump was purportedly very impressed with his credentials, though unlike other candidates, Taylor is among the fiercest advocates of having policy measures closely reflect economic conditions.&nbsp;&nbsp; </span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 14.0pt; line-height: 150%;">The “Taylor Rule”, titled after the economist, stipulates rates should rise when inflation is running at an elevated pace or unemployment is below the “full employment” threshold and should fall in the opposite scenario.&nbsp; Applying this set of rules to current economic conditions indicates that the key <a href="https://www.bloomberg.com/news/articles/2017-10-16/fed-s-rosengren-sees-taylor-as-flexible-in-applying-rules">Fed Funds rate should be 3.74%</a> to reflect high levels of employment and rising prices.&nbsp; At nearly 3 times the present rate, a selection of John Taylor to chair the Fed could rapidly dampen overextended valuations in equities and the housing market.&nbsp; Already his interview with Donald Trump caused a palpable dip in gold prices considering his overtly hawkish stance.</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 14.0pt; line-height: 150%;">By comparison, Kevin Warsh has also advocated for a tighter monetary policy regime, greater deregulation, and a general makeover of the Central Bank.&nbsp; His attitude towards reform has won him positive mentions as well.&nbsp; However, his overall degree of hawkishness and stated desire to overhaul the inflation target could put him at the epicenter of a dramatic policy shift that departs from the more cautious approach of current Chair Janet Yellen.</span></p> <p class="MsoNormal" style="line-height: 150%;"><strong><span style="font-size: 14.0pt; line-height: 150%;">Factors Outside the Fed’s Control</span></strong></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 14.0pt; line-height: 150%;">While easy to label the rebuilding efforts in Texas and Florida as positive for the overall housing market, this deals more with the supply angle than demand.&nbsp; On the buy side, a Fed determined to raise interest rates will assuredly presage rising mortgage costs which could in turn subject buyer interest to some downside as financing costs climb.&nbsp; Though it is tempting to cite the <a href="https://www.prnewswire.com/news-releases/us-foreclosure-activity-drops-to-more-than-11-year-low-in-q3-2017-300535121.html">foreclosure rate</a> at an 11-year low as a sign of strength, it does not necessarily imply that the housing market is on stable footing, especially as prices reach past the realm of affordability.</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 14.0pt; line-height: 150%;">Considering income growth has kept nowhere near the same pace as price growth for homes according to the monthly Case-Shiller home price index, the lack of affordable solutions may be another factor that hurts demand and concurrently weighs on pricing.&nbsp; For the year through July, average hourly earnings climbed by 2.50% while housing prices of 20 major US metropolitan areas increased by 5.80% over the same period. With price growth outpacing wages by such a significant margin, the surge in values should be a worrying sign for prospective buyers thinking about diving in while <a href="https://www.creditloan.com/mortgages/how-to-find-the-best-mortgage/">mortgage rates</a> remain not far from record lows.</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 14.0pt; line-height: 150%;">However, a more concerning indication apart from unaffordability is the degree to which flipping has reemerged.&nbsp; The move is eerily reminiscent of the years leading up to the last financial crisis as lending standards are relaxed.&nbsp; House flipping reached the <a href="http://www.investopedia.com/news/are-we-brink-housing-bubble-20/">highest point since 2007</a> during the second quarter of 2017 and nearly 35% of the transactions were accompanied by mortgages.&nbsp; Even Goldman Sachs is getting into the flipping game with its recent <a href="https://www.wsj.com/articles/goldman-sachs-to-buy-house-flipping-lender-1507826252">acquisition of Genesis Capital</a> LLC, a move designed to help the institution build a bigger presence in the lending sphere.&nbsp; Should mortgage rates rise in tandem with interest rates, it could spell doom for this substantial portion of residential real estate activity.</span></p> <p class="MsoNormal" style="line-height: 150%;"><strong><span style="font-size: 14.0pt; line-height: 150%;">The Fed as the Deciding Factor</span></strong></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 14.0pt; line-height: 150%;">With the shortlist for the next Federal Reserve Chair realistically narrowed down to 5 candidates, those under consideration for the job have significantly more hawkish leanings than current Chair Janet Yellen and her predecessor Ben Bernanke.&nbsp; While ultimately housing prices are a function of the interaction of supply and demand, demand largely behaves inverse to interest rates.&nbsp; As rates climb, mortgage costs will echo the gains, potentially reducing interest.&nbsp; Should demand fall, housing prices are likely to experience a correction as well after a near 8-year unabated rise in values.&nbsp; Considering the unaffordability aspect and the degree of house flipping, the approaching Fed appointment has a higher propensity to cause a downturn compared to another leg of the ongoing housing market rally.</span></p> <p class="MsoNormal" style="line-height: 150%;">&nbsp;</p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 14.0pt; line-height: 150%;">&nbsp;</span></p> http://www.zerohedge.com/news/2017-10-18/could-next-fed-appointment-crush-housing-market#comments Ben Bernanke Ben Bernanke Business Case-Shiller Donald Trump Economy Federal funds rate Federal Reserve Federal Reserve System Fellows of the Econometric Society Finance Florida goldman sachs Goldman Sachs Great Recession Housing Market Housing Prices Interest rates Janet Yellen Janet Yellen Kevin Warsh Monetary Policy Money Mortgage loan Real estate Stanford University The Economist Unemployment United States housing bubble US Federal Reserve Warsh Wed, 18 Oct 2017 06:10:01 +0000 financedude85 605532 at http://www.zerohedge.com Washington: The Bleeder Of The 'Free World'? http://www.zerohedge.com/news/2017-10-17/washington-bleeder-free-world <p><em><a href="https://www.strategic-culture.org/news/2017/10/17/washington-bleeder-of-free-world.html">Authored by Finian Cunningham via The Strategic Culture Foundation,</a></em></p> <p><strong>Among the many self-flattering epithets it gives itself, the US has always claimed to be the &ldquo;leader of the free world&rdquo;. </strong>It&rsquo;s a rather patronizing notion that America views itself as a selfless protector and benefactor of its European allies and others.<strong> This fairytale depiction of the world is coming to a rude awakening as American power buffets against the reality of a multi-polar world.</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/17/20171017_usa.jpg"><img height="396" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/17/20171017_usa_0.jpg" width="600" /></a></p> <p><strong>Less a world leader and more like a blood-sucking leech on international relations.</strong></p> <p>We got a clear view of the contradiction in America&rsquo;s narcissistic mythology with US President Donald Trump&rsquo;s announcement that he was disavowing the multinational nuclear accord with Iran last Friday.</p> <p>Trump didn&rsquo;t axe American participation in the deal just yet, but he has put it on notice that he or the US Congress may terminate the accord over the next two months. How&rsquo;s that for high-handed arrogance?</p> <p>However, there was near-unanimous push back around the world to Trump&rsquo;s disparagement of the Joint Comprehensive Plan of Action (JCPOA), which was originally signed in July 2015 by the US, Russia, China, European Union and Iran. All the signatories uniformly rebuked Trump&rsquo;s attempt to undermine the deal, which is supposed to lift international economic sanctions off Iran in return for curbs on Iran&rsquo;s nuclear program.</p> <p><strong>While Trump accused Iran of &ldquo;multiple violations&rdquo; of the accord, all the other stakeholders asserted satisfaction that Iran has in fact fully implemented its obligations to restrict uranium enrichment and weaponization of its nuclear program. </strong>The UN watchdog, the International Atomic Energy Agency, also responded to Trump&rsquo;s claims by reaffirming that eight consecutive monitoring reports have found Iran to be fully compliant with the JCPOA.</p> <p>Britain, France and Germany, as well as Russia and China, have firmly said that the nuclear deal &ndash; which took two years to negotiate during Barack Obama&rsquo;s tenure in the White House &ndash; is not for renegotiation. A point which was reiterated too by Iranian President Hassan Rouhani.</p> <p>The deal is also written into international law, having been ratified unanimously by the UN Security Council back in 2015. In a stinging admonishment to Washington, the EU&rsquo;s foreign policy chief Federica Morgherini&nbsp;<a href="https://www.reuters.com/article/us-iran-nuclear-eu/eus-top-diplomat-defends-iran-deal-after-trump-speech-idUSKBN1CI2KC">said</a>: &ldquo;This deal is not a bilateral agreement ... The international community, and the European Union with it, has clearly indicated that the deal is, and will, continue to be in place.&rdquo;</p> <p>Russia also denounced Trump&rsquo;s over-the-top aggressive rhetoric towards Iran. The American president was almost foaming at the mouth when he labelled Iran &ldquo;the world&rsquo;s top terror sponsor&rdquo; and accused Tehran of fueling conflict across the Middle East. Moscow said such rhetoric was unacceptable and inappropriate. Iran dismissed Trump&rsquo;s accusations as baseless lies.</p> <p><strong>Evidently, Russia, China and the Europeans do not share America&rsquo;s debased caricature of Iran. </strong>And who in their right mind would? The hackneyed American allegations against Iran are &ndash; as usual &ndash; not backed up with any evidence. They rely on bombastic assertion repeated ad nauseam. It is especially ironic and odious for Washington to accuse others of sponsoring terrorism, given the litany of illegal wars it has launched across the Middle East and the steadily emerging&nbsp;<a href="http://www.reuters.com/article/us-mideast-crisis-syria-russia-usa/russia-accuses-u-s-of-pretending-to-fight-islamic-state-in-syria-iraq-idUSKBN1CF0KN?il=0">evidence</a>&nbsp;of US links to terror groups in Syria&rsquo;s six-year war.</p> <p>Thus, the commitment by all the signatories &ndash; except Washington &ndash; to the Iranian nuclear deal is a stunning rejection of Trump&rsquo;s aggressive stance towards Iran.</p> <p><strong>Ahead of Trump&rsquo;s anticipated disavowal of the JCPOA on Friday, Germany&rsquo;s foreign minister Sigmar Gabriel&nbsp;<a href="http://www.dw.com/en/germany-warns-donald-trump-against-decertifying-iran-deal/a-40933703">warned</a>&nbsp;that such a move would &ldquo;drive a wedge between Europe and the US&rdquo;. Significantly, Gabriel said that Trump&rsquo;s spurning of the accord was &ldquo;driving the EU towards Russia and China&rdquo;.</strong></p> <p>France&rsquo;s finance minister Bruno Le Maire also warned the US not to interfere in Europe&rsquo;s growing commercial ties with Iran. He was quoted as saying: &ldquo;The US must not appoint itself as the world&rsquo;s police man&rdquo;.</p> <p>Trump&rsquo;s hostility towards the Iran nuclear treaty has created dissent within his own cabinet. His secretary of state Rex Tillerson and the defense secretary James Mattis are among those who were urging Trump to uphold the JCPOA. In the Congress, there are also many opponents to Trump&rsquo;s desire to axe the deal, even among his Republican party. It remains to be seen if the Congress will call for new sanctions on Iran over the next 60 days, as Trump has requested. If Congress does, it will mean the US crashing out of the accord.</p> <p><strong>In theory, of course, the EU, Russia and China can continue to uphold the nuclear accord with Iran and conduct international trade and investment without the Americans. Russia and China have signed major oil and gas pacts with Iran over the past two years.</strong></p> <p>The European states have also lined up huge commercial projects and investments with Tehran in sectors of energy, engineering and infrastructure.&nbsp; Germany and France in particular have seen their exports to Iran soar since the signing of the JCPOA. With Iran&rsquo;s 80 million population and vast oil and gas reserves, the Persian nation represents lucrative opportunities for Europe, given too the geographical proximity.</p> <p><strong>But the US is still able to exert tremendous power over international banking to the extent that it is having a chilling effect on other countries doing business with Iran. The European states are particularly vulnerable to American pressure.</strong></p> <p>In a Bloomberg&nbsp;<a href="https://www.bloomberg.com/news/articles/2017-10-12/trump-s-iran-decision-throws-new-uncertainty-into-business-plans">report</a>, it headlined: &lsquo;Trump&#39;s Iran Decision Throws Uncertainty Into Business Plans&rsquo;.</p> <p>The report goes on: &ldquo;Since a landmark nuclear agreement freed Iran&rsquo;s economy from crippling economic sanctions, investors eager to tap the country&rsquo;s energy reserves and its 80 million consumers have waited for signs it was safe to enter the market in full force&hellip; Donald Trump is about to signal that they should keep waiting.&rdquo;</p> <p><strong>The US view of Iran is so warped &ndash; much of it from relentless propaganda demonizing the Islamic Republic &ndash; that it is evidently incapable of normalizing relations as it is obligated to do under the multilateral nuclear deal. Trump ironically accused Iran of &ldquo;not living up to the spirit of the accord&rdquo; when it is the US that has worked assiduously to undermine it.</strong></p> <p>Since Trump took office, he has reportedly cancelled all export licenses to Iran. His administration and the Congress have slapped more &ldquo;secondary sanctions&rdquo; on Iran over allegations that it is destabilizing the Middle East and for its support to Syria&rsquo;s President Bashar al-Assad.</p> <p>These bilateral US sanctions inevitably have a deterrent effect on other nations doing business with Iran out of fear that they may be penalized in the future. Long-term investments over several years are prone to prohibitive risks due to the uncertainty about what Washington&rsquo;s capricious policy towards Iran will be.</p> <p><u><strong>America&rsquo;s unilateral, hegemonic conduct &ndash; accentuated under Trump &ndash; is rapidly alienating other nations.</strong></u> This president seems to operate a &ldquo;withdrawal doctrine&rdquo;, as Richard Haass, president of the DC-based Council on Foreign Relations, commented. Trump&rsquo;s contempt for multilateral obligations peaked with his announcement back in June on backing out of the Paris Climate Accord. It has peaked again with his repudiation of the UN-backed Iran nuclear deal.</p> <p>What is becoming increasingly apparent is that US unilateralism is all about pandering to its own selfish interests. Trump&rsquo;s administration has hit Russia with more sanctions and has warned that European energy companies involved in developing the Nord Stream 2 gas project with Russia&rsquo;s Gazprom will also be sanctioned. The flagrant agenda here is for the US to replace Russia as Europe&rsquo;s gas supplier, selling its own more expensive fuel to Europe.</p> <p><u><em><strong>Likewise US hostility and sanctions on Iran are not just limited to its own perverse policies. </strong></em></u></p> <p>Washington also wants to block others from also doing legitimate business and trade with Iran. For the Europeans struggling to boost their flagging economies, the impediments being thrown in their way by the US over Iran are another source of resentment towards American unilateralism.</p> <p><u><em><strong>This is not the idealized conduct of the self-proclaimed &ldquo;leader of the free world&rdquo;. America is increasingly seen as the &ldquo;bleeder&rdquo; &ndash; a declining power which wants to suck the economic lifeblood from others in order to sustain itself. This untenable American unipolar craving is inevitably hastening the reality of a multipolar world, as Europeans in particular realize that they can no longer afford to prop up America&rsquo;s economic obesity.</strong></em></u></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="652" height="430" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20171017_usa.jpg?1508289869" /> </div> </div> </div> http://www.zerohedge.com/news/2017-10-17/washington-bleeder-free-world#comments Barack Obama China Congress Council on Foreign Relations Donald Trump European Union European Union Foreign policy of the Donald Trump administration Foreign relations of Iran France Germany International Atomic Energy Agency International reactions to the United States presidential election International relations Iran Iran Iran–United States relations Joint Comprehensive Plan of Action Middle East Middle East Nuclear energy in Iran Nuclear program of Iran Politics Politics of Iran Reality Republican Party Rex Tillerson Rude Awakening Sanctions against Iran Strategic Culture Foundation Trump’s administration U.N. Security Council U.S. Congress United Nations Uranium White House White House Wed, 18 Oct 2017 06:00:00 +0000 Tyler Durden 605528 at http://www.zerohedge.com Ethereum (ETHUSD) Daily MACD Trying to Negatively Cross http://www.zerohedge.com/news/2017-10-18/ethereum-ethusd-daily-macd-trying-negatively-cross <h1 style="box-sizing: border-box; margin-top: 0px; margin-bottom: 25px; font-variant-numeric: inherit; font-stretch: inherit; font-size: 24px; line-height: 1.2; font-family: lucida_granderegular, Verdana, sans-serif;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; color: #ff0000;">Ethereum (ETHUSD) Weekly/Daily</span></h1> <p style="box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; font-size: 13px; line-height: 1.3; font-family: lucida_granderegular, Verdana, sans-serif;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: bold; font-stretch: inherit; font-size: 21px; line-height: inherit; font-family: &quot;Source Serif Pro&quot;, serif; color: rgba(0, 0, 0, 0.7);">Ethereum (ETHUSD) sold off sharply yesterday and continues sliding in today's Asia morning, arguably breaking below ascending wedge support (on the weekly/daily chart).&nbsp; ETHUSD is now just a day's volatility away from the psychologically key 300 whole figure level.&nbsp; A ETHUSD break below 300 in the next day or so would likely confirm the first red weekly candle in 5 weeks.&nbsp; Bears will be patiently awaiting any deeper slide in the next few weeks to below the September low, which would signal the start of a downtrend of lower lows.&nbsp; The October high so far is lower than the August high, which was also lower than the June high.&nbsp; Weekly RSI, Stochastics and MACD are showing signs of fatigue, and are increasingly weighed down by the already weak daily equivalents.</span></p> <p style="box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; font-size: 13px; line-height: 1.3; font-family: lucida_granderegular, Verdana, sans-serif;">&nbsp;</p> <p style="box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; font-size: 13px; line-height: 1.3; font-family: lucida_granderegular, Verdana, sans-serif;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: bold; font-stretch: inherit; font-size: 21px; line-height: inherit; font-family: &quot;Source Serif Pro&quot;, serif; color: rgba(0, 0, 0, 0.7);"><img src="http://www.zerohedge.com/sites/default/files/images/user245995/imageroot/2017/10/18/ethusd-weekly-technical-analysis_0.jpg" alt="ETHUSD (Ethereum) Weekly Technical Analysis" title="ETHUSD (Ethereum) Weekly Technical Analysis" width="1200" height="623" /></span></p> <p style="box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; font-size: 13px; line-height: 1.3; font-family: lucida_granderegular, Verdana, sans-serif;">&nbsp;</p> <p style="box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; font-size: 13px; line-height: 1.3; font-family: lucida_granderegular, Verdana, sans-serif;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: bold; font-stretch: inherit; font-size: 21px; line-height: inherit; font-family: &quot;Source Serif Pro&quot;, serif; color: rgba(0, 0, 0, 0.7);"><img src="http://www.zerohedge.com/sites/default/files/images/user245995/imageroot/2017/10/18/ethusd-daily-technical-analysis_0.jpg" alt="ETHUSD (Ethereum) Daily Technical Analysis" title="ETHUSD (Ethereum) Daily Technical Analysis" width="1200" height="623" /></span></p> <p style="box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; font-size: 13px; line-height: 1.3; font-family: lucida_granderegular, Verdana, sans-serif;">&nbsp;</p> <h1 style="box-sizing: border-box; margin-top: 0px; margin-bottom: 25px; font-variant-numeric: inherit; font-stretch: inherit; font-size: 24px; line-height: 1.2; font-family: lucida_granderegular, Verdana, sans-serif;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; color: #ff0000;">Bitcoin (BTCUSD) Weekly/Daily</span></h1> <p style="box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; font-size: 13px; line-height: 1.3; font-family: lucida_granderegular, Verdana, sans-serif;"><strong style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 21px; line-height: inherit; font-family: &quot;Source Serif Pro&quot;, serif; color: rgba(0, 0, 0, 0.7);">Bitcoin (BTCUSD) has defied bears so far, and remains in a strong uptrend.&nbsp; Nevertheless, BTCUSD appears to have made a short-term top just below 6000 as leading Alt Coin Ethereum (ETHUSD) increasingly weakens.&nbsp; The tiring daily RSI and Stochastics, and soon to negatively cross daily MACD do not bode well for BTCUSD bulls today.&nbsp; Nevertheless, upchannel support (on the daily and weekly chart) coincides with the psychologically key 5000 whole figure level and should contain the pullback these next few days assuming the weekly MACD blue line has not flattened and turned lower by then.</span></strong></p> <p style="box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; font-size: 13px; line-height: 1.3; font-family: lucida_granderegular, Verdana, sans-serif;"><img src="http://www.zerohedge.com/sites/default/files/images/user245995/imageroot/2017/10/18/btcusd-weekly-technical-analysis_0.jpg" alt="BTCUSD (Bitcoin) Weekly Technical Analysis" title="BTCUSD (Bitcoin) Weekly Technical Analysis" width="1200" height="631" /></p> <p style="box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; font-size: 13px; line-height: 1.3; font-family: lucida_granderegular, Verdana, sans-serif;">&nbsp;</p> <p style="box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; font-size: 13px; line-height: 1.3; font-family: lucida_granderegular, Verdana, sans-serif;"><img src="http://www.zerohedge.com/sites/default/files/images/user245995/imageroot/2017/10/18/btcusd-daily-technical-analysis_0.jpg" alt="BTCUSD (Bitcoin) Daily Technical Analysis" title="BTCUSD (Bitcoin) Daily Technical Analysis" width="1200" height="623" /></p> <p style="box-sizing: border-box; margin-top: 3.2rem; margin-bottom: 3.2rem; font-variant-numeric: inherit; font-stretch: inherit; font-size: 21px; line-height: 32px; font-family: &quot;Source Serif Pro&quot;, serif; background: transparent; outline: 0px; color: rgba(0, 0, 0, 0.7);"><strong style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; outline: 0px; background: transparent;">Click&nbsp;</strong><a href="https://goo.gl/R8QQkb" target="_blank" style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; word-wrap: break-word; color: #827be9; background: transparent; outline: none; cursor: pointer;"><strong style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; outline: 0px; background: transparent;">here</strong></a><strong style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; outline: 0px; background: transparent;">&nbsp;for today's technical analysis on Cocoa</strong></p> <p style="box-sizing: border-box; margin-top: 3.2rem; margin-bottom: 3.2rem; font-variant-numeric: inherit; font-stretch: inherit; font-size: 21px; line-height: 32px; font-family: &quot;Source Serif Pro&quot;, serif; background: transparent; outline: 0px; color: rgba(0, 0, 0, 0.7);"><a href="https://tradablepatterns.com/" target="_blank" style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; word-wrap: break-word; color: #827be9; background: transparent; outline: none; cursor: pointer;" rel="nofollow noopener"><em style="box-sizing: border-box; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 0.975em; line-height: inherit; font-family: Georgia, &quot;Source Serif Pro&quot;, serif; outline: 0px; background: transparent;">Tradable Patterns</em></a><em style="box-sizing: border-box; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 0.975em; line-height: inherit; font-family: Georgia, &quot;Source Serif Pro&quot;, serif; background: transparent; outline: 0px;">&nbsp;was launched to demonstrate that the patterns recurring in liquid futures, spot FX and cryptocurrency markets can be analyzed to enhance trading performance. Tradable Patterns’&nbsp;</em><a href="https://tradablepatterns.com/newsletter" target="_blank" style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; word-wrap: break-word; color: #827be9; background: transparent; outline: none; cursor: pointer;" rel="nofollow noopener"><em style="box-sizing: border-box; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 0.975em; line-height: inherit; font-family: Georgia, &quot;Source Serif Pro&quot;, serif; outline: 0px; background: transparent;">daily newsletter</em></a><em style="box-sizing: border-box; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 0.975em; line-height: inherit; font-family: Georgia, &quot;Source Serif Pro&quot;, serif; background: transparent; outline: 0px;">&nbsp;provides technical analysis on a subset of three CME/ICE/Eurex futures (commodities, equity indices, and interest rates), spot FX and cryptocurrency markets, which it considers worth monitoring for the day/week for trend reversal or continuation. For less experienced traders,&nbsp;</em><a href="https://tradablepatterns.com/tutorials" target="_blank" style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; word-wrap: break-word; color: #827be9; background: transparent; outline: none; cursor: pointer;" rel="nofollow noopener"><em style="box-sizing: border-box; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 0.975em; line-height: inherit; font-family: Georgia, &quot;Source Serif Pro&quot;, serif; outline: 0px; background: transparent;">tutorials</em></a><em style="box-sizing: border-box; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 0.975em; line-height: inherit; font-family: Georgia, &quot;Source Serif Pro&quot;, serif; background: transparent; outline: 0px;">&nbsp;and&nbsp;</em><a href="https://tradablepatterns.com/workshops" target="_blank" style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; word-wrap: break-word; color: #827be9; background: transparent; outline: none; cursor: pointer;" rel="nofollow noopener"><em style="box-sizing: border-box; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 0.975em; line-height: inherit; font-family: Georgia, &quot;Source Serif Pro&quot;, serif; outline: 0px; background: transparent;">workshops</em></a><em style="box-sizing: border-box; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 0.975em; line-height: inherit; font-family: Georgia, &quot;Source Serif Pro&quot;, serif; background: transparent; outline: 0px;">&nbsp;are offered online and throughout Southeast Asia.</em></p> http://www.zerohedge.com/news/2017-10-18/ethereum-ethusd-daily-macd-trying-negatively-cross#comments Bitcoin Cross-platform software Cryptocurrencies Ethereum Finance Financial economics Futures contract Futures markets MACD MACD Money Southeast Asia Stock market Technical Analysis Technical analysis Volatility Wed, 18 Oct 2017 04:40:45 +0000 Tradablepatterns 605531 at http://www.zerohedge.com