Tyler Durden's picture

"The Biggest Protest This Country Has Seen In Years" - Quarter Million Germans Protest Obama "Free Trade" Deal

250,000 Germans marched in Berlin today in protest against the planned "free trade" deal between Europe and the United States which they say is anti-democratic and will lower food safety, labor and environmental standards.  "This is the biggest protest that this country has seen for many, many years," Christoph Bautz, director of citizens' movement Campact told protesters in a speech.

Marc To Market's picture

Dollar Struggles; More Losses Likely Before Better Demand is Found

Gains in the foreign currencies appears to be mostly short-covering rather than bottom-picking per se.  In bigger picture the dollar is consolidating its earlier gains.

Tyler Durden's picture

Caught On Video: Bomb Attacks At Turkey Peace Rally Leave 86 Dead, 186 Injured

Earlier today, around 10am local time, Turkey’s capital Ankara, was rocked by two blasts which according to NBC killed over 52 demonstrators, who had gathered for a peace march, as the country grapples with mounting security threats just three weeks before snap elections. The explosions also wounded more than 120 people, the Turkish Interior Ministry said. The cause of the blasts was unclear, the ministry said, adding that it had launched an investigation.

Tyler Durden's picture

The Deep State: Source Of All Negativity

The Deep State is destructive, but it’s great for the people in it. And, like any living organism, its prime directive is: Survive! It survives by indoctrinating the fiction that it’s both good and necessary. However, it’s a parasite that promotes the ridiculous notion that everyone can live at the expense of society. The American Deep State rotates around the Washington Beltway. It imports America’s wealth as tax revenue. A lot of that wealth is consumed there by useless mouths. And then, it exports things that reinforce the Deep State, including wars, fiat currency, and destructive policies. This is unsustainable simply because nothing of value comes out of the city.

Tyler Durden's picture

Another Petro-State Throws In The Towel: The Last Nail In The Petrodollar Coffin

While record mainland deficits covered by the petroleum sector is nothing new in Norwegian budget history, on the contrary it is closer to the norm, the 2016 budget did raise some eyebrows. The other side of the ledger, the net inflow to the SWF from activities in the North Sea will, again according to budget, be lower than the required amount to cover the deficit. This has never happened before and is testimony of the sea change occurring in the world of petrodollar recycling. 

Tyler Durden's picture

Gun Control: Fashionable Prohibition For Modern Lawmakers

With the latest school shooting, all humane people are expected to jump up and do something to stop the next shooting. The most popular response among media pundits and national policymakers right now is an expansion of the various prohibitions now in place against guns. For anyone familiar with the history of prohibitions on inanimate objects, however, these appeals to prohibition as a “common sense” solution are rather less convincing.

Tyler Durden's picture

The Real Reason Belgium Sold 1,098 Tonnes Of Gold

As part of a global investigation into how much physical gold central banks have stored at what location and how much is leased out, we submitted the local equivalent of a Freedom Of Information Act (FOIA) request at the central bank of Belgium (NBB) to obtain information about the amount of Belgian official gold reserves, the exact location of all gold bars, the type of gold accounts NBB holds at the Bank Of England (BOE) and how much is leased out and to whom. The outcome of this research was not what we had expected...

Tyler Durden's picture

The Dumbest Thing You Will Read Today... Maybe Ever

Dear Americans, meet your venerable central planners:


So, according to the Fed's academic experts, the US economy is not, well, the US economy, it's not Y = C + I + G + NX, it's not the product of all goods and services created in the United States...  it's this:

Tyler Durden's picture

Brazil Bank Interest Rates At 20-Year High

Brazil's overdraft interest rates reached 12.28% in October, the highest since September 1995 when the rate was 12.58%, according to research conducted by consumer protection group Procon. Of the seven financial institutions included in the research, five increased their overdraft rates and one upped its rate for personal loans. The average overdraft rate of 12.28% per month was higher than that registered in September, 11.90%.

Tyler Durden's picture

The War On Islamic State: A New Cold War Fiction

The Islamic State group is little more than the proxy bastard child of a New Cold War that looks set to escalate...

Tyler Durden's picture

This "Unlivable $350,000 Shack" Is The Cheapest Home In San Francisco

This worn-down, decomposing wooden shack that was built in 1906, and the interior is unlivable in its current condition. The San Francisco house is also selling for $350,000.

Tyler Durden's picture

Summing Up Obama's Economy In 8 Words

Tyler Durden's picture

Weekend Reading: Is The Correction Over?

This past week saw the markets rebound off their lows which has brought the "bulls" rushing back claiming the correction is over. However, is that really the case?

Syndicate content
Do NOT follow this link or you will be banned from the site!