"If This Goes Well, I'll Use It At Goldman Sachs Next Year" - Obama Mocks Everyone At His Final "Nerd Prom"Submitted by Tyler Durden on 05/01/2016 09:39 -0400
In his final address to the White House correspondents dinner also known as "nerd prom", Obama embraced his last chance at a snarky, hyperbolic, comic monologue and used the stage to unleash a series of one-liners at 2016 presidential candidates in both parties, the media and his own career as president.
A CSX freight train has derailed in Washington D.C.., near the Rhode Island Avenue Metro station Sunday morning leaving several cars overturned and resulting in a leak of hazardous materials. Doug Buchannan, a spokesman for the D.C fire department, said as many as nine cars have derailed and at least three are leaking hazardous material. The incident happened at 6:40 a.m. Sunday.
In the next 20 years, total US debt would reach 50 trillion dollar. That’s right, 50,000 billion dollar!
US-Created System In Iraq Is Collapsing: Protesters Storm Parliament, State of Emergency Declared - Live WebcastSubmitted by Tyler Durden on 04/30/2016 23:19 -0400
Less than two years ago, the US set up another puppet government in the mid-east this time in the state of Iraq when following substantial US pressure, on August 14, 2014 then prime minister al-Maliki agreed to stepped down and be replaced with Haider al-Abadi. Today, the regime is in chaos and the system set up in Iraq by the US is collapsing when protesters loyal to popular Shiite cleric Muqtada al-Sadr breached the heavily fortified Green Zone, home to government buildings and foreign embassies, and stormed the Iraqi parliament forcing MPs to flee and unleashing a state of emergency for all of Baghdad.
The ugly unspoken truth is that the War on Drugs is a massive jobs and funding program for law enforcement that is operated under the guise of saving people from the evils of substance abuse. More than 40 years after it was started, we know that it has been a colossally-expensive epic failure on its stated goals, was intentionally designed to further disenfranchise marginalized groups, and has become a full-fledged assault on our civil liberties.
Like many controversial topics in investing, there is no real professional consensus on market timing. Academics claim that it’s not possible, while traders and chartists swear by the idea. That said, as VisualCapitalist's Jeff Desjardins notes, one thing that everyone can probably agree on is that markets are cyclical and that securities do have recurring chart patterns. They aren’t predictable all of the time, but learning the fundamentals around market cycles can only help an investor in furthering their understanding of how things work.
Chinese President Xi Jinping recently announced that he would take command of all of China’s armed forces, including the People’s Liberation Army (PLA). Xi is already chairman of the Central Military Commission that oversees the army. He is now taking a more direct role as head of the new Joint Operations Command Center, which puts him in operational command of the PLA in times of war. The new title in all likelihood means little in terms of actual command, but it has tremendous political significance. Officially, the Chinese are reforming their military, which is logical (read why here). The roots of this change, however, lie in China’s economic crisis and the need to preserve the regime.
First sign of disorderly market: widening bid-offer spreads
Second sign: gapping
In extreme cases, dealers stop answering their phones
While the Arab countries floated themselves on oceans of petro-dollars forty years ago, they have little need for them now. So we must now turn our attention to China, which is well positioned to act as white knight to Saudi Arabia. China’s SAFE sovereign wealth fund could easily swallow the Aramco stake, and there are good strategic reasons why it should. A quick deal would help stabilise a desperate financial and political situation on the edges of China’s rapidly growing Asian interests, and keep Saudi Arabia onside as an energy supplier. China has dollars to dispose, and a mutual arrangement would herald a new era of tangible cooperation. The US can only stand and stare as China teases Saudi Arabia away from America’s sphere of influence.
We (the people) love the smell of 'free stuff' in the morning...
"We exist, beyond any shadow of any doubt, in an environment of absolute fakery where nothing is real... All of this is being played in a way to keep people believing, once again, that the system is working and will continue to work."
The probability of The Donald becoming the Republican Presidential nominee has surged up to a record high 85% this week (as the odds of a brokered convention collapse) as a more mild-mannered and "can't we all get along" Trump begins to creep out of the shadows. As the inevitable event looms - no matter what the establishment tries - increasing numbers of #NeverTrump-ers are slowly but surely moving over to what they pictured before as the dark side. The latest, as The Hill reports, is none other than Marco Rubio who said "[Trump's] performance has improved significantly," urging GOP "let’s not ignore the will of the people or they’re going to be angry." Additionally, Rep. Jimmy Duncan (R-Tenn.) on Saturday endorsed Donald Trump for president, giving the GOP front-runner his 12th lawmaker endorsement.
Comparing the growth in the number of full time jobs versus the growth in new home sales starkly illustrates both the horrible quality of the new jobs, and how badly ZIRP has served the US economy.