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Risk On After Ukraine's "Convoy Shelling" Hoax Forgotten

Tyler Durden's picture




 

Friday's main event, Ukraine's alleged attack of a Russian military convoy, has come and gone, and as we mused on Friday has promptly faded into the memory of all other fabricated headlines released by the country engaged in a major civil war and an even more major disinformation war. To be sure, Germany's DAX has recovered virtually all losses, US futures are up about 9 points, and the 10 Year is back to 2.37%. One wonders what algo-slamming headline amusement Ukraine has in stock for us today, although anyone hoping for a quick "de-escalation" (there's that word again) will have to wait following yesterday's meeting of Russian, Ukraine, German and French ministers in Berlin where Russia's Lavrov said he saw no progress on Ukraine cease-fire, Foreign Minister Sergei Lavrov says in Berlin, adding that a cease-fire should be unconditional.

"As long as they’re betting on a military solution, and as long as the authorities in Kiev are using military victories over their own people to shore up their position in Kiev, I don’t think there’s any point to what we’re trying to do now." He also said that Russia takes full responsibility for ensuring there are no illegal border crossings and  Russia doing all it can to control border, sees progress. He concluded that he expects humanitarian aid to be delivered soon. In other words, nothing new.

Asian equities are a bit of a mixed bag this morning following a fairly volatile session for US and European markets on Friday. Chinese stocks are the notable outperformers overnight despite headlines of weaker home prices in China. Indeed new home prices fell in 64 of the 70 Chinese cities in July, the most since January 2011. Beijing (-1%) also posted its first decline since April 2012. The CSI 300 and Shanghai Composite are both up about six tenths of a percent as we type. Elsewhere, the Hang Seng and KOSPI are moderately lower whilst the Nikkei is flat on the day. Asian IG credit spreads are mostly unchanged overnight amid the absence of major news flows and supply. Bond investors of China’s first onshore corporate defaulter Chaori Solar meets in Shanghai today so we’ll see anything interesting comes out from that.  Asian stocks little changed with the Sensex outperforming and the Kospi underperforming MSCI Asia Pacific at 148. Nikkei 225 little changed, Hang Seng up 0%, Kospi down 0.5%, Shanghai Composite up 0.6%, ASX up 0.4%, Sensex up 1.1%. 6 out of 10 sectors rise with energy, telcos outperforming and consumer, tech underperforming

European equity futures gapped higher at the open, however are still yet to test Friday's best levels, indicating markets still remain somewhat nervy despite modest progress made between Russia and Ukraine. The top gainers today include airlines and steelmakers (some of last week’s poorest performers), however UK supermarket name Tesco (TSCO LN) has fallen sharply on fears the Co. could cut their dividend. US stock futures indicate a higher open on Wall Street, with earnings season looking to come to a close as of this week. German 10yr bond yields rise; French yields increase.  19 out of 19 Stoxx 600 sectors rise; autos, chemicals outperform, insurance, utilities underperform. 92.5% of Stoxx 600 members gain, 7% decline. Eurostoxx 50 +1.1%, FTSE 100 +0.6%, CAC 40 +1.1%, DAX +1.4%, IBEX +1.1%, FTSEMIB +1%, SMI +0.9%.

Away from Russia, we can expect more coverage on the Israel-Hamas negotiations in Cairo as we approach a 5-day temporary truce which expires at midnight on Monday. Leaders from both sides traded some fairly aggressive rhetoric over the weekend and it looks like there is still a sizeable gap between the two sides to bridge before a deal could be reach before the deadline. A member of the Palestinian delegation told the AP on Sunday that he is less optimistic than before on a deal. A key sticking point remains Hamas's insistence that Israel pledge to end its Gaza blockade before the talks conclude.

Looking at the week ahead, we also expect a fairly eventful week for data watchers. In Europe the focus will likely be on the flash August PMI readings. The readings for the Euro area, Germany and France are due on Thursday. Markets are expecting a modest 0.4pt decline for the Euro area composite PMI but we suspect plenty of focus will be on the flash manufacturing PMI reading for Germany given the softening data momentum over there. The other notable European releases this week also include the Euroarea trade balance today, UK inflation tomorrow, and German PPI on Wednesday. In the US, we will get the NAHB housing market index today, July CPI and housing permits/starts on Tuesday and the Philly Fed survey on Thursday. We will also get the latest FOMC and BoE's meeting minutes on Wednesday. In Asia, the focus will be on China's HSBC flash manufacturing PMI for August on Thursday. Still, all eyes (and minds) will be on Jackson Hole this week.

Market Wrap

  • S&P 500 futures up 0.5% to 1961.5
  • Stoxx 600 up 1% to 333.2
  • US 10Yr yield up 2bps to 2.36%
  • German 10Yr yield up 4bps to 1%
  • MSCI Asia Pacific little changed at 148
  • Gold spot down 0.2% to $1302.6/oz

Bulletin Headline Summary

  • Prospects of peace in eastern Ukraine increase as Russian and Ukrainian foreign ministers hold discussions on a potential ceasefire that could be effective within weeks
  • BoE governor Carney throws another curveball, stating the BoE will not wait to see real wage growth before hiking the bank rate from historic lows
  • Treasuries decline, with markets focused on Wednesday’s release of Fed’s July meeting minutes for possible indications of timing of first rate increase after end of QE.
  • Yellen has a stubborn warning light blinking on her labor market dashboard: A group of Americans larger than Washington state’s population can find only part-time work
  • Economists in a Bloomberg Survey cut their estimate of the take-up of funds under an ECB program designed to boost bank lending, signaling concern that the outlook for bloc may be too weak to drive demand for loans
  • Non-financial foreign direct investment in China fell 17% in July to $7.81b and Jan.-July foreign direct investment fells 0.35% to $71.14b, according to the Ministry of Commerce
  • China new home prices fell m/m in July in 64 out of 70 cities tracked by China’s statistics bureau, compared with 55 cities in June, according to a statement posted to the bureau’s website today
  • Holders of China’s first corporate bond to default onshore met today in Shanghai, as investors look for clues on how the government will balance market liberalization with steps to maintain stability
  • London home sellers cut asking prices by the most in more than six years this month, adding to signs that the property market in the U.K. capital is coming off the boil
  • Israeli and Palestinian negotiators showed little movement from long-held positions ahead of a midnight deadline to extend talks that have kept the Gaza Strip free from military conflict for a week
  • Kurdish forces took control of most of Iraq’s largest dam as the largest U.S. deployment of air power in the campaign helped reverse some of the gains made by Islamic State militants in the north
  • The Ukraine crisis is pushing European governments to review the role of the weapon that dominated Cold War defenses as the strength of Russian ground forces stirs political concerns: the battle tank
  • The best chance for an immediate treatment for Ebola patients in the worst outbreak ever may be readily available, in the blood of survivors
  • An attack on an Ebola clinic in Liberia’s capital city is complicating already strained efforts there to contain the virus’s spread
  • Missouri Governor Jay Nixon ordered the National Guard to restore peace after a third straight night of violence in the St. Louis suburb rocked by protests over killing of an unarmed black teenager by a police officer; organized groups attacking police officers with firearms and gasoline bombs
  • Texas Governor Rick Perry’s indictment, initially seen as a political dagger in his 2016 presidential aspirations, could turn into an asset -- especially if he beats the abuse-of- power charges
  • The New York Yankees are getting a jump on a Major League Baseball mandate that all stadiums install metal detectors before the 2015 season
  • Sovereign yields mostly higher. Euro Stoxx Banks +1.03%. Asian and European equities higher, U.S. stock futures gain. WTI crude and gold lower, copper little changed
  • Monday’s calendar particularly quiet ahead of central bank releases
    later this week, including the Fed & BoE minutes and the Jackson
    Hole monetary policy symposium

US Event Calendar

  • 10:00am: NAHB Housing Market Index, Aug., est. 53 (prior 53) Central Banks
  • 11:00am POMO: Fed to purchase $950m-$1.15b notes in 2036-2044 sector

ASIAN HEADLINES

The Asia-Pacific session was relatively muted, as the Shanghai Composite (+0.4%) advanced on monetary easing hopes from the PBoC after Chinese property prices fell for a third consecutive month. The Nikkei 225 traded on little domestic newsflow, but was supported by the healthcare sector after Chugai Pharma (+16%) gained on M&A prospects, with Roche said to be considering a bid.

FIXED INCOME

Core fixed income markets trade negatively as Bund futures and T-notes fall on the back of brightening prospects for a Russian rebel/Ukraine ceasefire. The Russian foreign minister Lavrov met with his Ukrainian, French and German counterparts over the weekend in order to discuss the situation - no conclusions were met as of Sunday evening, however Lavrov stated progress had been made on many issues. Negotiations are to continue both today as well as tomorrow. In peripheral Europe, Irish debt modestly outperforms, with the IR/GE spread tighter by around 2bps after Fitch upgraded the Irish sovereign rating late on Friday. Elsewhere, Gilts sharply underperform after Carney struck a hawkish tone in his interview with the Sunday Times.

EQUITIES

European equity futures gapped higher at the open, however are still yet to test Friday's best levels, indicating markets still remain somewhat nervy despite modest progress made between Russia and Ukraine. The top gainers today include airlines and steelmakers (some of last week’s poorest performers), however UK supermarket name Tesco (TSCO LN) has fallen sharply on fears the Co. could cut their dividend. US stock futures indicate a higher open on Wall Street, with earnings season looking to come to a close as of this week.

FX

GBP/USD opened above 1.6700, with EUR/GBP looking to break 0.8000 after the BoE governor Carney provided threw another curveball in an interview with the Sunday Times. Last week's Quarterly Inflation Report showed the Bank of England paying heed to the poor pay growth in the UK, however the BoE governor stated that real wage growth will not have to turn positive before the Bank can hike rates from historic lows of 0.5%. Looking ahead, the session remains quiet, with focus shifting to the central bank events later this week (BoE, Fed minutes and Jackson Hole Symposium).

COMMODITIES

Brent crude futures trade markedly softer and sit just above the USD 102/bbl mark after Kurdish forces regained power over Iraq's Mosul dam, signalling the Islamic State militants' largest losses to date in the northern regions of the country. The somewhat more benign geopolitical risk in the area has pushed OPEC's basket of crudes below USD 100/bbl for the first time in 14 months. Spot gold came under pressure in early Asia-Pacific trade as markets eyed the discussions between Ukraine and Russia, nonetheless, palladium rose to multi-decade highs and above USD 900/oz as Russian press Vedomosti reported that car imports to Russia could be the next target of sanctions.

* * *

DB's Jim Reid completes the summary of most recent events

The main focal point of the week may actually come just as the Europeans are starting to think about heading out the door for the weekend as Yellen's long awaited speech at the Jackson Hole 3-day symposium arrives. I say it every year but I love the word symposium. I plan to host one one day! The theme of this year's symposium is entitled "Re-Evaluating Labour Market Dynamics" and Yellen is expected to deliver her keynote address on Friday morning US time. Our US economists think she will likely highlight that the alternative measures of labour market slack in evaluating the ongoing significant under-utilisation of labour resources (eg, duration of employment, quit rate in JOLTS data) have yet to normalise relative to 2002-2007 levels. Any sound bite that touches on the debate of cyclical versus structural drivers of labour force participation will also be closely followed. Unlike some of the previous Jackson Hole symposiums, this is probably not one that will serve as a precursor of any monetary policy changes but the tone of Yellen's speech may still have a market impact and set the mood for busier times ahead in September. Interestingly Mr. Draghi will also be attending this time and is expected to deliver a luncheon speech at 12.30pm local time on the same day. Other participants at the symposium also include BoJ’s Governor Mr. Kuroda, Central Bank of Brazil’s Governor Mr. Tombini and BoE’s Deputy Governor Mr. Broadbent.

Back to markets, Asian equities are a bit of a mixed bag this morning following a fairly volatile session for US and European markets on Friday. Chinese stocks are the notable outperformers overnight despite headlines of weaker home prices in China. Indeed new home prices fell in 64 of the 70 Chinese cities in July, the most since January 2011. Beijing (-1%) also posted its first decline since April 2012. The CSI 300 and Shanghai Composite are both up about four tenths of a percent as we type. Elsewhere, the Hang Seng and KOSPI are moderately lower whilst the Nikkei is flat on the day. Asian IG credit spreads are mostly unchanged overnight amid the absence of major news flows and supply. Bond investors of China’s first onshore corporate defaulter Chaori Solar meets in Shanghai today so we’ll see anything interesting comes out from that.

Recapping Friday’s session, headlines that Ukraine troops had destroyed part of Russia’s armed convoy drove the Stoxx 600 (-0.40%) to close at the day’s lows (updates on this below). Risk sentiment recovered steadily during the US trading session though which helped the S&P 500 recover all of its earlier losses to close the day unchanged. Geopolitics aside, the Empire Manufacturing and UofM Consumer Sentiment print for August were softer though the Industrial Production reading for July was firmer although data flow was pretty much on the backseat on Friday.

The big moves on Friday were really in Rates though with government bond markets rallying strongly on both sides of the Atlantic. The 10-year Treasury and Bund closed 6-7bps lower on the day at 2.34% and 0.95% respectively. This marks yet another record low for the Bund and the lowest closing level for Treasuries since 18 June 2013. The 10yr Gilts enjoyed its best single day performance since late August 2013 closing 12bps lower at 2.33%.

With the 10-year UST yield currently at about the half-way point between the pre-taper lows in May last year and the post-taper tantrum highs at the end of 2013, the key question is where do we go from here? Our US rates strategist Dominic Konstam thinks much depends on the cyclical outlook for growth in 2H and (related) geopolitical concerns. But his inclination is that positioning still offers investors better risk reward for applying rates from the long side. He notes that there has been some short capitulation but it is in no way overwhelming.

As we wrote last Friday, the HY flow picture is starting to stabilize despite some mixed signals reported last week between EPFR and Lipper. Friday was a continuation of that trend. The iShares iBoxx $ High Yield Corporate Bond ETF (+0.2%) rose for its third consecutive day as well as net receiving US$37m of inflows. The SPDR Barclays High Yield Bond ETF (+0.07%) was a smidgen higher on and also recorded US$82m of inflows on Friday. We’ve updated the US and European HY fund flow charts in last Friday’s EMR for those who’ve missed.

The weekend news flow has been fairly quiet for most part barring an intensified diplomatic effort by Europe to de-escalate the Russian/Ukraine situation following Friday’s incident. The foreign ministers of Russia and Ukraine were invited to a four-way talk in Berlin overnight with their German and French counterparts. The meeting lasted for five hours and ‘some progress’ had been apparently made on important issues (per RT.com). German’s FM Frank-Walter Steinmeier informed the press following the talks that the negotiations will continue next week emphasizing that the ministers will use any possibility to ease the humanitarian situation in Ukraine and avoid further victims. Away from the peace talks in Berlin, the UK Telegraph reported that the Ukrainian army pushed into a key city controlled by Russia-backed separatists on Sunday. Kiev also admitted the rebels had shot down one of its fighter aircraft, while accusing the separatists of bringing three missile launchers onto Ukrainian territory from Russia.

Away from Russia, we can expect more coverage on the Israel-Hamas negotiations in Cairo as we approach a 5-day temporary truce which expires at midnight on Monday. Leaders from both sides traded some fairly aggressive rhetoric over the weekend and it looks like there is still a sizeable gap between the two sides to bridge before a deal could be reach before the deadline. A member of the Palestinian delegation told the AP on Sunday that he is less optimistic than before on a deal. A key sticking point remains Hamas's insistence that Israel pledge to end its Gaza blockade before the talks conclude.

Elsewhere, Ireland’s upgrade last Friday to A-/Stable from BBB+ by Fitch feels a bit of a catch-up play given S&P is already at A-/Pos and Moody’s at Aa3/Stable. The more interesting part though was FT’s front page article overnight which noted that US banks are drawing preliminary plans to move some London-based activities to Ireland to address concerns that the UK is drifting apart from the EU. The plans were still in very early stages though for most.

Looking at the week ahead, we also expect a fairly eventful week for data watchers. In Europe the focus will likely be on the flash August PMI readings. The readings for the Euro area, Germany and France are due on Thursday.

Markets are expecting a modest 0.4pt decline for the Euro area composite PMI but we suspect plenty of focus will be on the flash manufacturing PMI reading for Germany given the softening data momentum over there. The other notable European releases this week also include the Euroarea trade balance today, UK inflation tomorrow, and German PPI on Wednesday. In the US, we will get the NAHB housing market index today, July CPI and housing permits/starts on Tuesday and the Philly Fed survey on Thursday. We will also get the latest FOMC and BoE's meeting minutes on Wednesday. In Asia, the focus will be on China's HSBC flash manufacturing PMI for August on Thursday. Still, all eyes (and minds) will be on Jackson Hole this week.

 

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Mon, 08/18/2014 - 07:11 | 5107838 GetZeeGold
GetZeeGold's picture

 

 

They sent in a line of trucks.....and I didn't even get a damn Snickers bar out of the deal.

Mon, 08/18/2014 - 07:14 | 5107843 sunnydays
sunnydays's picture

Just as MH17 accusations have disappeared.  You never hear about that anymore.  So it must have been proven on the inside Ukraine did it. Otherwise we would still hear war drums from it.

Mon, 08/18/2014 - 07:26 | 5107857 Squid-puppets a...
Squid-puppets a-go-go's picture

indeed - and the wardrums from the West would be the Least of it

Mon, 08/18/2014 - 08:00 | 5107939 Latina Lover
Latina Lover's picture

Why worry about an Ukrainian attack on a Russian convoy that never happened in the first instance?

Mind you, I may still buy a pair of extra dark welders googles, and sunscreen SPF 10,000, you know, just in case...

Mon, 08/18/2014 - 08:05 | 5107964 tonyw
tonyw's picture

if it is allowed to go silent then the sheeple will think russia has invaded ukraine, shot down MH17, sneaking in military under the guise of humanitarian aid .......

 

Mon, 08/18/2014 - 08:11 | 5107981 813kml
813kml's picture

For MSM that means "mission accomplished".  TPTB can blame Russia for an economic collapse even if they don't get a full blown war.

Mon, 08/18/2014 - 09:00 | 5108146 MalteseFalcon
MalteseFalcon's picture

Since there is absolutely no penalty for making things up, they'll keep throwing shit at the wall until something sticks.

Mon, 08/18/2014 - 07:28 | 5107862 Sandmann
Sandmann's picture

Yes journalists seem to be in the fiction business nowadays - wearing virtual reality helmets

Mon, 08/18/2014 - 07:50 | 5107909 GetZeeGold
GetZeeGold's picture

 

 

I remember when journalists use to report the news and take kickbacks from intelligence services on the side.

 

Now they just work for intelligence services and put out whatever crap is handed to them.

Mon, 08/18/2014 - 08:01 | 5107950 Latina Lover
Latina Lover's picture

Journalists always were in the fiction business.

Mon, 08/18/2014 - 09:42 | 5108314 swmnguy
swmnguy's picture

There was no concept of "Objective" journalism until corporations started buying media outlets in the 1920s and 1930s, lured by the ad revenues.  That's when business partnered with universities to create schools of journalism, to give a professional and objective veneer to the craft of journalism.  The goal was to make a media outlet appear to be "Objective" and "Balanced" so any potential advertiser would not avoid the media outlet for ideological reasons, and to allow the best-funded media outlet to take over an entire media market.

Before then, nobody thought for a minute the media was "Objective."  You bought the paper you wanted to read.  You knew which one was the Establishment paper, the pro-business paper, the Fascist paper, the Commie paper, the religious nut paper; whatever; you read a few different perspectives and made up your mind yourself.  You probably favored the paper that came closest to your own views, or maybe the paper that seemed to do the most exhaustive research in its stories and gave you the most verifiable facts and the widest range of opinion.  That was considered to be up to you, to inform yourself.

I like it better the old way.  Now all we have are variants on the Corporate Elite Agenda in the widely-distributed media.  Fox News is very clear about their agenda, though they have to go through the "Fair and Balanced" charade.  I don't share Fox's viewpoint, but I respect the ideological approach.  We all know it's there in every media; I'd prefer to have it right out in the open.

With the US media in the state it's in, we're back to the old Soviet-era joke about how you can learn the facts about any situation from reading Pravda, but only if you know how to read Pravda.

Mon, 08/18/2014 - 11:38 | 5108937 Ventnor
Ventnor's picture

"Fox News is very clear about their agenda, though they have to go through the "Fair and Balanced" charade.  I don't share Fox's viewpoint, but I respect the ideological approach."

What gets me is when Bret Baier of Fox News says "fair, balanced and unafraid."  They are never fair, never balanced and what on earth would they have to be afraid of as they are perfect statist shills.

You say you like the fact that they are "out in the open" about their views. I am not sure they are.  They have Mr. and Mrs. America believing they are conservative and patriotic when they are nothing the kind.  Also, they misrepresent my old boss, Ronald Reagan, outrageously in an effort to bambaboozle the public into believing he would have carried out the murderous, militarized foreign policy we've had since the Serbian war.


Mon, 08/18/2014 - 09:08 | 5108178 MalteseFalcon
MalteseFalcon's picture

Not Uncle Walter, man.  No way.

Mon, 08/18/2014 - 07:17 | 5107846 junction
junction's picture

At least Ukrainian authorities were truthful in saying their jets did not shoot down flight MH-17.  And you notice, the same lames who put "bitchez" in all their comments are still with us. 

Mon, 08/18/2014 - 07:27 | 5107859 Sandmann
Sandmann's picture

Really ? You thought you would just slide that in did you ? How many R-60s have they fired in the past year, should have been zero since they are in no aerial combat. Who trusts Ukrainians any way, they seem to be Communists telling lies with the same Secret Police and a lot of bull-headed thugs with private armies and rich sugar daddies not all of them in Ukraine. Just how much money are Canadian Ukies with grand'daddies in the 14th Waffen-SS funnelling to Right Sektor ? Just how many Neo-Nazi groups in the West are funnelling men and money into Ukraine and how much help is SIS/CIA giving them with no doubt BND shovelling a few in from Croatia and the Ustashe

Mon, 08/18/2014 - 08:04 | 5107958 Latina Lover
Latina Lover's picture

So tell me, did the  MH17 flight recorders and released Air Traffic Control tapes from the Ukie towers prove Russian guilt?

You mean, they've never been released yet? I wonder why....

Mon, 08/18/2014 - 07:28 | 5107863 Squid-puppets a...
Squid-puppets a-go-go's picture

i junked ya, junction - i reckon the evidence is credible that it was shot down by machine gun fire

if you disagree, find me one image of the enormous smoke trail a BUK had to have left

Mon, 08/18/2014 - 07:31 | 5107871 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

At least Ukrainian authorities were truthful in saying their jets did not shoot down flight MH-17.

Ah hah, made me laughing with the much vigourous. Joke with absurdity of humour good way to start on week Monday bitchez.

Mon, 08/18/2014 - 07:53 | 5107918 Rakshas
Rakshas's picture

has anybody seen Boris lately ...........I find myself checking behind doors lately.........

Mon, 08/18/2014 - 08:08 | 5107978 tonyw
tonyw's picture

so far i have seen nothing truthful from the ukraine "authorities", every week they seem to say russia has invaded or will invade tonight, freedom fighters being eliminated - so why do they need another round of call-up?

Mon, 08/18/2014 - 08:20 | 5108015 smacker
smacker's picture

"At least Ukrainian authorities were truthful in saying their jets did not shoot down flight MH-17"

lol. Too bad that your assertion is overruled by physical evidence which is near-certain and points to Ukraine being 100% responsible.

Why else do you think the story has dropped off Western MSM headlines?? Why else do you think the lying politicians have stopped publicly accusing Russia?? Why else do you think the Bitish govt has buried the contents of MH-17 black boxes??

The answer of course being that - given Poroshenko is "our" fascist puppet - it all became a tad too embarrassing for us.

Mon, 08/18/2014 - 09:45 | 5108337 swmnguy
swmnguy's picture

I don't know what happened to MH-17.  But I have yet to see one single thing the "Ukrainian Authorities" (if that's what you want to call the coup junta in Kiev) have said that turned out to be true.  When every thing they have said that can be qualified turns out to have been false, I consider the burden of proof to be on them on things that have not yet been qualified.  In short, lie to me enough times and I'm gonna need proof the next time you want to tell me something.  And when I know you are holding evidence and not releasing it, I am going to err on the side of assuming you're lying.

Mon, 08/18/2014 - 07:13 | 5107841 negative rates
negative rates's picture

Soft economy bitches!*

Mon, 08/18/2014 - 07:19 | 5107847 PR Guy
PR Guy's picture

 

 

All that matters is profit... as this guy points out (he's even got a short section on Russia!):

 

https://www.youtube.com/watch?v=7QPxDugs0Nw

 

Mon, 08/18/2014 - 07:28 | 5107854 SpanishGoop
SpanishGoop's picture

"will have to wait following yesterday's meeting of Russian, Ukraine, German and French ministers"

 

Mmm, i am missing one shooting party here.

 

Mon, 08/18/2014 - 09:47 | 5108346 swmnguy
swmnguy's picture

Only one?

Mon, 08/18/2014 - 07:29 | 5107864 peterpilot9
peterpilot9's picture

ZH'ers should know by now that anytime Tyler has a headline that includes the words "market crashes" the opposite is going to happen.  Of course the National Guard has been deployed to Ferguson so that should be good for some end of the country articles.  And yes, we all know the Mossad is behind this decision as well.  I understand they also determine the daily Krispy Kreme menu offerings?  Seems they are responsible for pretty much everything else.

I suppose this is where one should insert the obligatory "buy gold bitchezs."

Mon, 08/18/2014 - 08:16 | 5108003 UselessEater
UselessEater's picture

Oh stop it.

Headlines, one line grabs and long articles...you like the rest of us, find something great or something sh*t whether its the truth or a new meme or an old meme - you lnow that you have to personally work out if reading it will be useful and once read, has it shaped your thinking correctly or via manipulation.... we should not ever put trust into any source for our thinking, we choose sources for our information.

We read books and other sources as well.... ZH is a good source, if its your only source and ZH commenters guide ones thoughts, then your whinging post works; and most of us have had a similar whinge - so I have concluded life is still about checking many sources, reading widely and not getting overly focused with one site -it is about effort into staying as informed and as balanced as you can possibly be, we can but try.

Mon, 08/18/2014 - 07:29 | 5107865 Tarshatha
Tarshatha's picture

"In The West Respect for Truth No Longer Exists -- Paul Craig Roberts"

 

http://www.paulcraigroberts.org/2014/08/17/west-respect-truth-longer-exists-paul-craig-roberts/

Mon, 08/18/2014 - 07:36 | 5107881 overmedicatedun...
overmedicatedundersexed's picture

  hmm "metal detectors at all ball parks per fed mandate" cought my eye..why the fear?

seems tossing a pack over a fence, going thru the metal detector and then pick up pack might occur to the so inclined, just say'n

Mon, 08/18/2014 - 08:27 | 5108032 Majestic12
Majestic12's picture

Given that this country was formed in 1776 by Zionist Freemasons, was there ever any respest for the truth?  man, I really hate getting old and learning how revisionist "history" really is....I should have taken the blue pill....

Mon, 08/18/2014 - 07:47 | 5107901 SoDamnMad
SoDamnMad's picture

overmedicatedun

Same as having the ICRC inspect the 200 half full trucks and then 3 days later they cross the border into Ukraine.

Of course they are heavier cause cereal absorbs moisture (and rockets, ammo, grenades, Manpads and stuff)

Humanitarian stuff.

Mon, 08/18/2014 - 09:01 | 5108150 conscious being
conscious being's picture

Re. Half full trucks.

They are crossing a war zone on roads that are bad in peace time. They announced that if a truck breaks down, they don't want to leave goods behind. Good plan.

Mon, 08/18/2014 - 07:58 | 5107944 Ivan Nokabolokov
Ivan Nokabolokov's picture

Why are the French involved in ceasefire talks? Are they there to apologise to the Russians on behalf of Mr Napoleon?

Mon, 08/18/2014 - 08:22 | 5107987 813kml
813kml's picture

The French are there to offer expert advice on unconditional surrender.

Mon, 08/18/2014 - 08:28 | 5108034 falak pema
falak pema's picture

it balances well the "fuck you EU" of US's Nuland.

Diplomacy is successfully walking the wire above the void.

And not repeating the errors of the past. Something the US NEVER learned from Nam disaster !

Your analogy with Nappy is well placed. 

As for unconditional surrender isn't that what Fergusen is all about? 

Mon, 08/18/2014 - 08:55 | 5108120 oudinot
oudinot's picture
  • Unlike the American 'conditional surrenders' in Vietnam,Iraq and soon, Afghanistan.
Mon, 08/18/2014 - 09:02 | 5108156 giggler321
giggler321's picture

they r about 2 give the Russians a large boat they've been building 4 years.  I guess they r seen as a Russian supporter.

Mon, 08/18/2014 - 08:07 | 5107971 Quinvarius
Quinvarius's picture

I watched quite a few videos from Ukraine this weekend.  The Western Ukrainians are getting their asses handed to them by the East.  They are losing badly.

Mon, 08/18/2014 - 08:22 | 5108016 Majestic12
Majestic12's picture

I like the "casual" mention of "Hoax"....noteworthy, is that this propaganda "hoax" involved "the Guardian", David Cameron, NATO and "PResident" Porkyshenko....not exactly your average "pranksters"...not to mention ZH running with it, to my surprise...and everyone yawns anyway....carry on.

Mon, 08/18/2014 - 08:50 | 5108105 rayban
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At 8:48 EST DAX futures are still 100 points lower than before the "news" broke out on Friday.

Mon, 08/18/2014 - 08:53 | 5108117 smacker
smacker's picture

"Friday's main event, Ukraine's alleged attack of a Russian military convoy, has come and gone, and as we mused on Friday has promptly faded into the memory of all other fabricated headlines released by the country engaged in a major civil war"

It's good that Tyler reminds us of this.

We went from a full-on in-your-face Poroshenko allegation that Russia had sent a military convoy into Ukraine, wall-to-wall support from Western MSM, Britain's Cameron and every other talking head with ready-access to the TV News mics with Poroshenko claiming to have "eliminated" it, to a complete abandonment of the story after Poroshenko failed to produce a shred of evidence and the eventual conclusion that it was all a pack of lies. All in the space of 2-3 days.

The sort of lies and propaganda from the Goebbels era.

Mon, 08/18/2014 - 09:41 | 5108159 mikem54321
mikem54321's picture

Unfortunately what lingers forever on the minds of sheep is still..."Russia invades Ukraine!" ZH played a part in spreading that lie too. Wish the ZH retraction was a stand alone story front and center. You know Reuters, CNN, ABC, CBS, etc...won't even bother with a retraction. At least ZH made a half-hearted attempt. 

Mon, 08/18/2014 - 09:04 | 5108164 mastersnark
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Remember, my dear Ukrainian running dog lackies of the imperialist global NWO, that crying "wolf" worked out poorly for the boy in the fable.

Mon, 08/18/2014 - 09:12 | 5108189 loonyleft
loonyleft's picture

On Friday, Ukraine says they destroyed a convoy from Russia of military vehicles. 

 

Monday, Ukraine says Russia has destroyed a convoy of refugees.

 

Hmmm.....1+1 is what again? 

 

http://www.dailymail.co.uk/news/article-2727685/NATO-respond-militarily-...

Mon, 08/18/2014 - 11:17 | 5108795 robertocarlos
robertocarlos's picture

Of course real estate in China went down. Unlike most countries, China is making new land.

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