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3 Things: The Fed Is Screwed
Submitted by Tyler Durden on 10/15/2015 13:41 -0500The Federal Reserve is quickly becoming trapped by its own "data-dependent" analysis. Despite ongoing commentary of improving labor markets and economic growth, their own indicators are suggesting something very different. As we have stated previously, while the Federal Reserve may hike interest rates simply to "save face," there is indeed little real support for them doing so. Tightening monetary policy further will simply accelerate the time frame to the onset of the next recession. Of course, the Fed knows this which is why they recently floated the idea of "negative interest rates" out into the markets. In other words, they already likely realize they are screwed.
Ignore The Media Bullsh!t - Retail Implosion Proves We Are In Recession
Submitted by Tyler Durden on 10/15/2015 11:38 -0500The fact of the matter is that year over year retail sales at these levels only happen during recessions. It’s really that simple. Without the crutch of subprime auto loans and student loan debt being spent by pretend University of Phoenix students on iGadgets, fitbits, hookers and blow, this economy would already be in free fall. Look no further than what happened to Wal-Mart today for confirmation we are in the midst of a worldwide recession, if not depression. The only people who refuse to acknowledge recession reality are the Wall Street hucksters, looking to fleece a few more muppets before their party is over. Propaganda and lies can’t stop this recession.
Oct 15 - US 10-year yields fall below 2% amid weak economic data
Submitted by Pivotfarm on 10/14/2015 16:57 -0500News That Matters
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Bonds & Bullion Jump As Stocks Dump After Post-Payrolls-Pump
Submitted by Tyler Durden on 10/14/2015 15:04 -0500Oct 14 - Ex-Fed's Fisher: "FOMC has egg on its face"
Submitted by Pivotfarm on 10/13/2015 16:48 -0500News That Matters
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Is This 2000, 2007 Or 2011?
Submitted by Tyler Durden on 10/13/2015 15:30 -0500One of the primary arguments by the more "bullish" media is that the current setup is much like that of 2011 following the "debt ceiling" debate and global economic slowdown caused by the Tsunami in Japan. While there are certainly some similarities, such as the weakness being spread from China and a market selloff, there are some marked differences.
Fortress Confirms Novogratz-Led Macro Fund Closure After Bad Brazil, China Bets
Submitted by Tyler Durden on 10/13/2015 10:17 -0500“After careful consideration and analysis, we have decided to close the Fortress Macro Funds and return cash to our investors... But we have had an extremely challenging two years, and I do not believe the current environment is conducive to achieving our best results."
Meet The Ghostly Iranian Spymaster Running Every Mid-East Proxy War: "He Is Everywhere But Nowhere"
Submitted by Tyler Durden on 10/12/2015 22:45 -0500
Thousands Of Angry Unpaid Chinese Workers Protest Shocking Bankruptcy Of Major Telecom Supplier
Submitted by Tyler Durden on 10/12/2015 18:13 -0500Major Chinese telecom supplier Fu Chang Electronic Technology Co. (also known as Fosunny), shocked its 3,800 employees when instead of going public, the company announced it would be going dark instead when it issued a statement saying it was ceasing operations due to liquidity problems resulting from legal and debt issues.
Oct 13th - Fed's Evans's expects 3 hikes by end of 2016
Submitted by Pivotfarm on 10/12/2015 16:57 -0500News That Matters
SCOTUS' "Assault Weapons Ban" Decision Looms
Submitted by Tyler Durden on 10/12/2015 13:00 -0500With the latest swarm of mass shootings still in the headlines, and of course the ubiquitous call for gun control/prohibition, the Supreme Court's decision this week on whether it will hear a challenge to a suburban Chicago law banning firearms commonly known as assault weapons seems more critical than ever. As NBC News notes, if the court agrees to hear the case, it would cast a shadow over similar bans in seven states; but declining to take it up would boost efforts to impose such bans elsewhere.
Massive Fire Burns After Another Explosion Rocks Tianjin Warehouse
Submitted by Tyler Durden on 10/12/2015 12:50 -0500As RT and others report, "a major fire broke out in a deposit in the Chinese city of Tianjin. The fire was caused by a leak of alcohol"
The Fed's "Communication Strategy" In Just Three Headlines
Submitted by Tyler Durden on 10/12/2015 10:56 -0500Chinese Stocks Rally On Confusion Whether PBOC Finally Launched QE; US Futures Flat In Holiday Mode
Submitted by Tyler Durden on 10/12/2015 05:55 -0500With the "adult supervision" of US markets gone today as bond markets are closed for Columbus day, and the USDJPY tractor beam also missing with Japan also offline for Health and Sports day, stocks took their cues from China where speculation was rife that in lieu of cutting RRR, the PBOC has unleashed even more incremental QE by expanding its Collateral Asset Refinancing Program (CAR). Specifically, the central bank said this weekend it will expand a program allowing lenders to use loan assets as collateral for borrowing from the central bank, opening it up to nine more cities from the program's test in Shandong province and Guangdong. The new areas for the program include Beijing and Shanghai. According to some estimates released several trillions in liquidity into the market, and not only sent government bond futures to new highs, but pushed the Shanghai Composite up over 3% overnight.
"It's Over For Me" Matt Drudge Warns Public "You're A Pawn In The 'Ghetto-isation'" Of The Web
Submitted by Tyler Durden on 10/10/2015 19:15 -0500The very foundation of the free Internet is under severe threat from copyright laws that could ban independent media outlets, according to Matt Drudge. "I had a Supreme Court Justice tell me it’s over for me,” said Drudge, warning web users that they were being pushed "pawn-like" into the cyber "ghettos" of Twitter, Facebook and Instagram.




