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Something Is Seriously Broken
Presented with no comment...
Courtesy of Brad Wishak of NewEdge
and then there's this... The other decoupling
* * *
And here is today's schizophrenia...
Stocks played catch down to bonds 3 times... (just look at the stock 'market' movements... do they look in any way normal?)
Driven by oil prices - today higher oil was a good thing, lower a bad thing again...
Charts: Bloomberg
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The first rule of Ponzi is that there is no Ponzi.
never discuss the rules of ponzi.
O O O CHOOSE (D), whenever you get this kind of a question on a Test you always choose (D).
Crocodile jaws bithez!
Either you are all seriously in the grey-goo , or the system is operating as it is meant to and discounting major new technogical deus-ex-machina expectations .
See
http://andreswhy.blogspot.com/2014/09/rogue-swan-tech.html
Hence the dramatic drop in oil prices , as majors try to offload an asset that will soon be rapidly decreasing .
What you see is panic , not calculation . An Hysterical Focus on oil .
See https://www.academia.edu/8942403/The_Hysterical_Focus_is_your_friend_
It might be clathrates . And the Japanese are doing an all-or-nothing Energy Attack .
See http://andreswhy.blogspot.com/2013/04/petroleum-price-and-clathrates.htm...
This deserves an LOL
Sure is nice of all the producers to lower their commodity prices during an economic boom.
exactly
all part of some "grand strategy"
or not
Diving oil prices can only mean one thing! Obama has established WORLD PEACE... He will annouce it right after the close today and before the voting machines open tomorrow.
Wednesday we all go back to warrring.
As all here know and understand, we (the people) are under attack and need to run from the false promises being made and into safety. My holdings in PM's and mining stocks have tumbled but I am not upset or troubled for I see the game being played and will not play with the bad guys.
it's called corruption at all levels
NSA controls the computers where trading takes place and overrides everybody else at central command orders
Revelation after Nov4.....
Where's the Ponz?
No Ponzi?
Market lifted in US markets and Japan, Europe still lagging, oh wait, that will be it after Nov4 "election" , Draghi steps up..
The Ponz jumped the shark......
Bubba says no QE for the Frogs, check to China.......
double
free markets for free men
It used to be broken...now it's fixed
it's called DEEP CAPTURE
DEEP CRAPTURE
fixed.
"Keep everybody busy and focused elsewhere while we "adjust" these voting machines."
the Diebold tech
Did you all know? This economy doesn't require energy. It's all mental... fantasy.
http://www.funnyordie.com/videos/83609486f9/between-two-ferns-with-zach-...
.
STEVIE WONDER - Big Brother (Lyrics)
http://www.youtube.com/watch?v=Y3cAsASTTdw
.
"Big Brother"
Your name is big brother
You say that you're watching me on the tele,
Seeing me go nowhere,
Your name is big brother,
You say that you're tired of me protesting,
Children dying everyday,
My name is nobody
But I can't wait to see your face inside my door
Your name is big brother
You say that you got me all in your notebook,
Writing it down everyday,
Your name is I'll see ya,
I'll change if you vote me in as the pres,
The President of your soul
I live in the ghetto,
You just come to visit me 'round election time
I live in the ghetto,
Someday I will move on my feet to the other side,
My name is secluded,
we live in a house the size of a matchbox,
Roaches live with us wall to wall,
You've killed all our leaders,
I don't even have to do nothin' to you
You'll cause your own country to fall
.
Dark Legacy: .....the nazis and fascists, etc ...
corporate monopolist dealers.
http://www.youtube.com/watch?v=-NlJQJUUqR4
Only god knows where this market is headed. I think an extreme move either up or down is coming and if it's going to be up it's going to be up for all the wrong reasons. Cash is most definitely king right now.
Who ever is manipulating Vix didnt get the memo today.... been a long time to see a 5% vix move on an interday half percent market....
Where did all of the money and resources go?
The plan works perfectly?
Nobody panic, just a rogue commodity Algo.... Its program will be terminated shortly....
Not broken. It is easily explainable as part of policy.
S&P is high as a gift to the elitists to make them feel wealthy and to defraud the non-connected who bet against the market.
WTI crude is down to give a break to the little guy in terms of gasoline prices so that they do not feel completely broke and discouraged at election time.
The 10 year yield is up a nominal amount that is part of normal noise. It serves no macro purpose at these levels.
Also Saudi is trading with the US to keep oil low in exchange for US continuing to push against Asad and perhaps to get a pipeline to europe from Saudi.
Not broken. It is easily explainable as part of policy.
S&P is high as a gift to the elitists to make them feel wealthy and to defraud the non-connected who bet against the market.
WTI crude is down to give a break to the little guy in terms of gasoline prices so that they do not feel completely broke and discouraged at election time.
The 10 year yield is up a nominal amount that is part of normal noise. It serves no macro purpose at these levels.
doop
The Smoking gun of Clathrate mining .
http://arctic-news.blogspot.com/2014/08/horrific-methane-eruptions-in-ea...
See also
http://andreswhy.blogspot.com/2014/09/rogue-swan-tech.html
http://andreswhy.blogspot.com/2013/04/petroleum-price-and-clathrates.html
http://andreswhy.blogspot.com/2010/09/mexican-gulf-oil-spill.html
Theyr'e using tailored archaeobacteria to release methane in a controlled fashion .
We're just seeing the leakage .
The Japanese Yen is going to laugh last .
This news is already breaking .
Tora! Tora! Tora!
According to a article at Der Spiegel today the ECB is seriously fighting back door with the Germans to start QE in Europe their actually saying look it worked in the USSA. LOL!!!!!!!!!!!!!!!
It did wonders for the 1 percent...
While Russia is building towards being the energy capital of the world.
What your looking at are virtual markets, computer simulated and manipulated by the wizards. The real market has been dead for years, God rest its soul. /Tin hat off.
The money tyrants are dealing in paper. The growth of civilization is based on things of value; otherwise it doesn’t grow.
America is a growth economy; it’s based on real production, real products, and the real value of goods and services. Otherwise, it won’t grow….
America's free enterprise supply and demand economy was never based on banking or accounting tricks. The stock market is up because of two reasons only: 1) the money the money changers have stolen from the citizens directly or indirectly, and 2) accounting tricks that make corporations look as if they’re making money when they aren’t.
In short, the banking sector is headed for collapse because it has taken on the economy; economic factors will, if necessary, force abandonment of the Fed and the current monetary system.
Will the international bankers back off? No! As outlined by Janet Yellen's recent remarks: the American Dream and the chances to get ahead are dead unless you are lucky enough to have been born with inheritance or, if you're poor, find some way of getting assets. And so, the tightening of the screws on sound money, retirees, savers, small businesses, and students and the middle class by the Fed will continue unabated for the benefit of the well-connected.
But I have news for Yellen; the economy is hard on her heels...
When gold hits $1140 I am backing up the semi. I hadda dream.
Is that gold line the Alligator Tongue?
Fun to watch if you are prepared.
I’m loaded up on marinade and am prepared to eat the neighbors first. Canned goods last.
My strategy as well. I'm hoping Michelle's lunch program adds an organic flavor, but I recognize a good fat layer keeps the meat moist.
you mean collapsing global trade and commodity prices aren't always good for stocks?
market goes up when full stealing is in effect...if middle class is allowed to have money...the market goes down. Simple!
Collapsing global demand and economic activity should be bullish for stocks ... because ..
?
Adam Smith (remember him? Author of The Wealth of Nations) looked for inflation or deflation in the price of corn denominated in silver, which just so happened to be the coin of the realm.
Well, were he around today and saw both silver and corn prices collapsing, but corn falling faster, he'd likely advise buying silver, because it will just buy more and more corn down the line. I'm sticking with him. Screw Keynes and all the other assholes that came after him - Yllen, Bernanke, Greenshit, etc.
Also, this just in, if the Republicans take control of the Senate tomorrow, look for new highs in stocks Wednesday, just because rich, fat-assed banksters like rich fat-assed, criminally-inclined Republicans better. And, like why dogs lick their balls, because THEY CAN!
RIP, Jerry Goodman. The curmudgeon remains insightful.
The price over spot for SEs is $2.159.
Last week the premim was about $2.41.
Actually, everythng seems to be going as tracked here...
Dow
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
Gold
http://www.globaldeflationnews.com/gold-elliott-wave-update-for-october-...
U.S. Dollar
http://www.globaldeflationnews.com/u-s-dollar-indexelliott-wave-update-f...
$1 in QE for every $0.01 in economic growth.
Good job Fed.
This is just a guess, but it must be close?
Before & After Buyback Fraud.
I've read where the QE economic growth actually turned negative some time ago, but then saw something akin to your very low + estimate. Either way, we are a long way from the days of getting + $5 of economic growth from $1 of stimulus. Too much fat lazy debt soaking it all up.
Nothing is broken -- it's just that we are running out of cheap to extract oil:
THE PERFECT STORM (see p. 59 onwards)
The economy is a surplus energy equation, not a monetary one, and growth in output (and in the global population) since the Industrial Revolution has resulted from the harnessing of ever-greater quantities of energy. But the critical relationship between energy production and the energy cost of extraction is now deteriorating so rapidly that the economy as we have known it for more than two centuries is beginning to unravel. http://ftalphaville.ft.com/files/2013/01/Perfect-Storm-LR.pdf
OIL BECOMING TOO EXPENSIVE TO EXTRACT
It emerged this week that the drilling of wells in the North Sea has crashed by around 50% this year, compared to the year-ago period. The reason for this is simple: the cost of extracting oil in North Sea has quintupled over the last decade, discouraging companies from investing within the region. http://www.fool.co.uk/investing/2014/07/18/surging-north-sea-project-costs-are-putting-the-regions-future-at-risk-tullow-oil-plc-premier-oil-plc-xcite-energy-limited/
Oil and gas company debt soars to danger levels to cover shortfall in cash
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/11024845/Oil-and-gas-company-debt-soars-to-danger-levels-to-cover-shortfall-in-cash.html
Oil and gas will very much receive a bailout. Even if it means killing bankers.
Is it too late for banking reforms?
Austerity will work.
LOL!!!!!!!!!!!!
After-Fiat epoch (AF).
We will move into their empty banks, and store our Gold there.
Sure beats building your own mansion.
Maybe the guards will still be there...
Looks like the -1 freak is doing its thing...
{sigh}
Silver is $16/oz.
BUY THE FUCKING DIP, BITCHEZ!
Didit
if dollar decouples from interest rate it will completely defy all logic.
Simultaneous inflation and deflation is called INEQUALITY.
Inequality increases the purchasing power of the rich, so high quality goods and services experience inflation due to higher demand, while it decreases purchasing power of the poor, thus decreasing the price or the quality of the lower priced goods, creating direct or overt deflation respectively.
This behavior can be studied using economies that have a high inequality index, like Argentina and looking a the bimodal distribution of the prices of the same goods. For instance a litter of champagne can cost either 5 dollars (cheap garbage type champagne) or 5000 dollars, for a bottle of high quality champagne.
The novelty for the USA is that this phenomena wasn't observable when our middle class was large and strong, but now... It is there for all to see...
According to Sprott Global Resource Investments Limited:
http://sprottglobal.com/thoughts/articles/what-greenspan-latest-talk-means-for-gold/
Friday, October 31, 2014
I traveled last week to the New Orleans Investment Conference, previously known as the ‘Gold Show.’ Jim Blanchard, a man known for promoting the right to own gold during the Nixon era, started the conference in 1974.
Early on, the conference was a gathering place for investors in precious metals. Speakers such as Rick Rule broke out into the investment scene through conferences like this one.
I’ll report later on the many speakers who attended the conference - and try to boil down some of the salient points from the highly valuable conference (attendees took nearly a week away from their regular lives to attend).
For now, I’ll confine myself to the headline speaker of the show – former Fed Chairman Alan Greenspan – and what his comments could mean for gold investors.
We did, though, learn a few important things about the Fed.
First off, Greenspan claims he has always remained true to Austrian economics and the principle of sound money. He fell into his role as Fed Chairman purely by accident, he claimed, and what he did there, he did it because he had to.
He explained that the capital needs of the Federal government were so massive that the only way to prevent disaster for the rest of the economy was to keep feeding the beast with cheap money. If the Fed hadn’t created and circulated new money, the Treasury’s insatiable demand for capital would certainly have ‘crowded out’ the rest of the economy, wrecking the entire private credit system.
Political realities, he explained, in the form of entitlement spending and off-balance sheet obligations of the US government, trump the need for sound money every time. It wasn’t his fault – that’s just how the system works. It’s set up to redistribute income from savers, who lose income because of low interest rates, to spenders.
In other words, Greenspan was a man who was forced by circumstance to go against his beliefs. Coming to the show, I had expected to disagree with Greenspan, but what I found was that the Fed Chairman was saying exactly what we have believed all along. Sound, stable currency is incompatible with the welfare state. Greenspan may have slipped away from the path, but he’s a great spokesperson for our message.
The Fed is unlike any other business in the world. It’s the only one that we know of that literally creates ‘something from nothing.’
The Fed wills new currency into existence, which it can then ‘sell’ by charging interest. Every dollar comes into existence as a debt due to the Fed; the more dollars are out there, the more money the Fed makes. The interest it receives is ‘pure profit.’ So it’s no surprise that as the government’s demand for capital has increased, the Fed has ‘accommodated’ that demand. Even if the Fed has to lend the government the money to pay its interest, that new money costs nothing to create, and it adds to the bottom line.
We did get one striking admission out of Greenspan. The Fed is not independent of the government, he said, calling suggestions to the contrary ‘naïve.’
Greenspan didn’t speak much to role of the Fed. He didn’t talk about inflation targets, or comment on how the Fed could help grow the economy, as he would have if it had been a New York Times interview I’m sure.
Hidden in his answers, however, was a big prediction for how the Fed will likely act in the future.
It’s not about juicing the economy or keeping the currency stable, although those are certainly justifications that are used.
The truth is, the Fed is merely adjusting supply to meet demand. That’s what he meant when he said that the Fed had to increase the supply of debt to avoid the private sector being ‘crowded out’ of the market.
Its mission isn’t to keep the currency stable, it’s to help fund the spending of the US government, and to defend the banking system.
This suggests that as long the US government resort to high levels of debt, the Fed isn’t likely to decrease the supply of money.
Greenspan might have an inkling of something he’s not telling.
Here’s what the former Fed Chairman had to say about the direction of gold and interest rates:
“Gold – measurably higher. Interest rates – measurably higher.”
There you have it from Professor Bubbles himself... WTF, Sprott is always searching for reason for gold to go up, very desperate if they are quoting that quack. They won't ring a central Bankers Bell at the bottom for Gold.
It is the unprecedented collapse of price discovery in markets and the disconnect of market prices with real economies.
Yet muppets still not getting it by spewing trillions of words in arguments of correlation and causation.
There is no law that paper prices should reflect physicals now and in the coming days. Only the volatility is welcome by traders and their algos.
RIGGED response to broken foundation, tipping point to follow.