Hannover Police Warn "Find Safety, Don't Stay In Groups" After Explosives Allegedly Discovered, Football Game EvacuatedSubmitted by Tyler Durden on 11/17/2015 15:56 -0500
Hannover chief of police: "There was a device intended to be detonated inside the stadium... You don't know what a perpetrator is possibly planning. Don't stay in groups. Find safety."
Reports that German police have discovered a truck bomb disguised as an ambulance near football stadium in Hannover.
Editor’s Note: Last week gold price fell to 5 year lows and weakness again saw canny buyers accumulate on the dip. Sales of U.S. Mint gold coins jumped the most in nearly three months. The 2015 $10 American Gold Eagles actually sold out.
Count us incredulous at this point (and we're sure we aren't the only ones), but it looks as there has been yet another explosion at a Chinese chemical facility, this time in Liaoning.
Editor’s Note: The tragic events in Paris, terrorism and war throughout the world, show geopolitical risk remains high. These risks will likely impact economies and financial markets and will see continuing safe haven demand for gold. “The future is uncertain and gold is the most effective insurance against that.”
Stocks Jump On Hope For More Central Bank Intervention After Japan's Quintuple Recession, Syrian StrikesSubmitted by Tyler Durden on 11/16/2015 07:03 -0500
As so often happens in these upside down days, was the best thing that could happen to the market, because another economic slowdown means the BOJ, even without sellers of JGBs, will have no choice but to expand its "stimulus" program (the same one that led Japan to its current predicament of course) and buy up if not government bonds, then corporate bonds, more ETFs (of which it already own 50%) and ultimately stocks. Because there is nothing better for the richest asset owners than total economic collapse.
The already laughable story that the passport of a Syrian refugee had been found next to the bodies of one of the dead terrorists took an even more surreal twist when we learned hours ago that according to both French and US sources, the passport was most likely a fake.
Presented with little comment, aside to say, WTF!!!
Over the past few years when it’s come to any criticism of business models, valuations, or other concerns encompassing the social media space, along with other dubious “hacking” inspired businesses emanating from Silicon Valley, the immediate rebuttal posed fell along the lines of first being looked as “you just don’t get it” (or just crawled out from under some rock) followed with, “It’s different this time.” But there are a growing number of clues that this won't end well...We’re going to find out much sooner than later. That we're sure of.
"I really hope I am wrong about everything I wrote. I hope those advocating for positive statements and solidarity will win the day. I hope EU politicians change course before it’s too late. I hope all of those things, but hope is not going to save Europe... Because if not, the backlash against Muslims generally, and refugees specifically, is likely to be sustained and unjustifiably harsh."
The global economy is in dire straits and China can push it into a fierce recession!
Passport Found Next To Paris Suicide Bomber Belongs To Syrian "Political Refugee" Who Entered GreeceSubmitted by Tyler Durden on 11/14/2015 23:28 -0500
The trifecta has emerged: just as expected, the link between Syrian refugees, ISIS, and Terrorism has now been set in stone.
While the saying goes "good fences make good neighbors," it appears the leadership of The EU is starting to get frustrated with the lack of acquiescence among some of the 'union's' newer or more marginal members. In a somewhat stunning statement, following ongoing and contentious meetings to discuss solutions to the migrant 'problem', EU Commissioner Timmermanns appeared to warn disagreeable member states, "There is an alternative to everything. I believe in EU cooperation because of all other forms in history have been tried to help Europeans get on better, and with the exception of this one, all other forms have led to war - so let's stick to this one."
There's been no shortage of discussion about the weather among economists this year as "snow in the winter" took the blame for a bevy of bad data in H1 while summer is Citi's new scapgoat for any weakness in August and September payrolls. Meanwhile, unseasonably mild temps took the fall for poor October retail sales and now, going into the winter, it's all about El Nino.
In the next financial crisis, physical gold held outside the banking system in safe vaults in safe jurisdictions will prove to be a “financial cushion” to individuals, companies, pension funds, family offices, and indeed nations.