"I worked without sleep or rest. After Prime Minister Abe put my self at the helm of Abenomics, I put my life on the line for my national duty over the past three years."
- Unease over Fed rate path dents European stocks (Reuters)
- Global Stocks Pressured After Fed Statement (WSJ)
- Japan's Economy Minister Amari to Resign Over Graft Scandal (BBG)
- Authorities working to clear remaining protesters in Oregon occupation (Reuters)
- China Sharpens Efforts to Halt Money Outflow (WSJ)
- Eurozone January Economic Sentiment Falls Sharply, Hits 5-Mth Low (MNI)
Following the Fed's disappointing "dovish, but not dovish enough" statement which effectively admitted Yellen had committed policy error by hiking just as the US economy "was slowing down" which in turn lowered the odds of a March rate hike to just 18%, it was up to oil to pick up the correlation torch, and so it did, rising in an otherwise mixed session which has seen European stocks slide on continued weakness surrounding Italian banks, many of which have been halted limit down, while Asia was treading water following news of the resignation of Japan’s "Abenomics" minister Akira Amari to over a graft scandal, and yet another day of Chinese stock dropping.
“It was messy, of course, a crime scene with blood"...
"They're ready to recommend an indictment and they also say that if the attorney general does not indict, they’re going public..."
Stop buying into the lie that your vote matters. The only thing you’re accomplishing by taking part in the “reassurance ritual” of voting is sustaining the illusion that we have a democratic republic. What we have is a dictatorship, or as political scientists Martin Gilens and Benjamin Page more accurately term it, we are suffering from an “economic élite domination.” Of course, we’ve done it to ourselves. The American people have a history of choosing bread-and-circus distractions over the tedious work involved in self-government.
... Rothschild’s Penney wrote that the U.S. “is effectively the biggest tax haven in the world.” The U.S., he added in language later excised from his prepared remarks, lacks “the resources to enforce foreign tax laws and has little appetite to do so.”
During the calendar year to December 2015, the Bundesbank claims to have transported 210 tonnes of gold back to Frankfurt, moving circa 110 tonnes from Paris to Frankfurt, and just under 100 tonnes from New York to Frankfurt.
The PBOC FX intervention team continue to be busy in offshore Yuan this week as for the 4th time in 3 days, a mysterious panic-buyer lifted CNH between 5 and 10 handles higher for no good reason other than to show George Soros (and Bill Ackman) who is boss (i.e. drive away the shorts). In keeping with the recent "stability" the Yuan fix was flat but another 340bn Yuan was injected - except China CDS pushes to Aug 2015 wides indicating severe stress and suggesting devaluation looms.
Donald Trump (or Bernie) is a sign of how frustrated the electorate has become. It will be the first shot fired against the Empire. It will be ineffective but will be the first signal that the process of citizens taking back their country has begun. Voters don’t know how to stop what is happening to them and their country but they are mad as hell and are not going to take this anymore. The ballot box will be ineffective in satisfying the public. Other means will be tried. The Empire will not stand idly by while its power is threatened. Thomas Jefferson knew as much when he stated: Every generation needs a new revolution.
You can add DeVry students to the list of those who will very shortly be sending the Education Department a mountain of discharge requests because the FTC has now accused the school of deceiving prospective students about the employment success of graduates. “In a suit filed in a California federal court, the FTC is asking a judge to provide monetary remedies to allegedly deceived students, including refunds and restitution," WSJ reports.
There is reason for the saying "never say never", as demonstrated vividly by these two energy experts: