While we assume NATO's Rasmussen's appearance in Kiev is not responsible, Kiev is burning once again. As RT reports, activists and police have clashed in the Ukrainian capital’s center after communal workers tried to dismantle an activist camp, following a months-old conflict over the camp with the city administration.
Nigeria Declares State Of Emergency: "Everyone In The World Is At Risk" From Ebola, CDC Issues Level 1 "All-Hands Call"Submitted by Tyler Durden on 08/07/2014 10:15 -0500
With over 932 dead, the US Centers for Disease Control and Prevention has issued its highest level alert for an all-hands on deck response to the crisis in West Africa (that is spreading across the world). While President Obama proclaimed we are prepared and itis "not easily transmitted," it appears that is not entirely true. Meanwhile, CDC Director Frieden's "deep concerns" have been confirmed as Nigeria’s health minister has declared a health emergency as the deadly Ebola virus gained a foothold in Africa’s most populous nation, according to news reports. Nigerian authorities moved quickly late Wednesday, gathering isolation tents as five more cases of the Ebola Virus were confirmed in Lagos (the world's 4th most populous city with 21 million people). Most international flights from West Africa are also now screening passengers.
Yesterday, the Wall Street Journal published an article highlighting the surge in what it calls “ultralong” bonds, defined as having a maturity of more than 30 years. The findings are simply stunning. In what may seem counterintuitive, bond yields at hundred year plus lows in many countries has led major investment firms to rush into ever riskier and longer duration fixed income securities just to earn some income. This has opened the floodgates to governments and corporations looking to lock in low yields on debt they won’t have to pay back for a generation. Just to name a few, this year we have already seen a 100-year bond sale by Mexico, two separate 50-year bond issuances by Canada, and wait for this one, Spain of all countries is set to try to sell a 50-year bond!
The worst possible approach is to give Putin more credibility at home...
What will it be this time? Grab your popcorn and tune in.. and don't forget, he "will not rest" until whatever 'it' is, is fixed...
The last time the Ticonderoga-class guided-missile cruiser USS Vella Gulf (CG 72) crossed the Bosphorus was three weeks ago to depart the Black Sea, following the end of the Bulgaria-led NATO exercise Breeze 2014. Back then, the departure of the cruiser left no American ship in the Black Sea but the numbers of NATO ships have been on the rise since March. Ahead of Vella Gulf’s departure, there were nine NATO ships in the Black Sea on July 9, according to Russian state news service RIA Novosti. So following a rest in the Mediterranean and as a result of the most recent deterioration in second Cold War, the USS Vella Gulf has re-entered the Black Sea, the ship's third trip to the Black Sea. The reason: "to promote peace and stability in the region."
No headlines on the tape for now but suddenly the world wants out of Dollars... (world's FX traders searching for Sikorski and Putin's "sell" button)... It appears led by major JPY buying as someone just puked a huge carry trade (25,000 JPY futures contracts or around $3 billion notional).
Nearly 80% of Americans have lost faith in the American political system, according to a new Wall Street Journal poll. Despite record highs in stocks (and consumer confidence?) - and a President proclaiming that as victory - 60% of Americans are dissatisfied with the economy and 70% believe the nation is heading in the wrong direction. Who is to blame for this? President Obama's overall approval rating has collapsed to a new low at 40%, with only 42% approving of his handling of the economy. "Americans are cranky, unhappy… It is with everything going on the world," and 57% are pissed off enough to carry a protest sign. But don't worry, as President Obama has reiterated during his tenure, he "will not rest..."
Regular readers will recall that earlier this year we highlighted how the U.S. government covertly created a “Cuban Twitter” called ZunZuneo in a failed attempt to overthrow the island nation’s regime. The elaborate plot was implemented under the umbrella of the U.S. Agency for International Development (USAID), which is responsible for overseeing billions of dollars in U.S. humanitarian aid. Well we now know that USAID went a lot further than that. Another scheme to unseat the Cuban government has now been revealed. This time with even more immoral foundations, and which could disrupt genuine humanitarian relief efforts the world over. Incredibly, the U.S. government used an HIV program as a front to foster dissent amongst Cuba’s youth. The HIV-prevention workshop was even referred to as the “perfect excuse to recruit political activists.” Despicable.
Investors often choose investment vehicles or make trades based upon faulty assumptions...
Yesterday, the S&P and Nasdaq bounced hard off the pre-payrolls level from Aug 1st. From the moment US cash equity markets closed yesterday, stocks have been dropping back. But now, thanks to this:
SIKORSKI: RUSSIAN UNITS POISED TO PRESSURE OR INVADE UKRAINE
The Dow, S&P and now Nasdaq have tumbled below yesterday's lows, eradicating all the post-payrolls gains in stocks. Treasury yields are tumbling (5bps off highs) and gold and silver and rising.
While in the US there has been nothing but political propaganda and a constant Obama defense of John Kerry over his disastrous, to date, handling of the deteriorating situation in the middle east, in the UK the internal discord has finally moved beyond merely posturing and has claimed the first political career, when overnight a minister in the Foreign Office, Baroness Warsi, announced she has resigned from the government, saying its policy on the crisis in Gaza is "morally indefensible", is not in Britain's national interest and will have a "long term effect on our reputation internationally and domestically".
The Commodities Futures Trading Commission (CFTC) has been long viewed as one of the most corrupt of American institutions – and that’s saying a lot... when a retiring judge accuses the other remaining judge of being a total bought and paid for Wall Street crony, you know something is wrong. And sure enough, today we learn the CFTC will impose a meager $650,000 fine on JP Morgan, despite years of warnings about fraudulent data reports. You gotta love American justice. In the same week that an NYPD officer’s illegal and fatal chokehold was ruled a homicide (incredibly the man who shot the video has now been arrested), JP Morgan gets off with another slap on the wrist. As Glenn Greenwald noted, it’s Liberty and Justice for Some.