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Americans are all giddy about the drop in gas prices because they can't see economic logic beyond the shadow of its immediate effect on their wallets. Little do they know that much of the nearly 1.2 quadrillion dollars of dodgy derivatives, the liability for which Citigroup masterfully managed to dump [...]
Thu, Dec 18, 2014, Continue reading at the source
An attorney for the SHAKA Movement in Hawaii that has been trying to uphold a democratically voted moratorium on GMOs on the island of Maui reports that residents and activists have won. An intervention in a federal lawsuit that was brought on by Monsanto and Dow trying to push their genetically [...]
Thu, Dec 18, 2014, Continue reading at the source
“What emerges is an understanding of TTIP as the political project of a transatlantic corporate and political elite which, on the unfounded promise of increased trade and job creation, will attempt to reverse social and environmental regulatory protections, redirect legal rights from citizens to corporations, and consolidate US and European [...]
Thu, Dec 18, 2014, Continue reading at the source
The bad news for Israel keeps on coming, and judging by the reactions of Israeli and U.S. politicians, more is yet to come. The Israelis were aghast at the news that a European court found that Hamas should be removed from the EU's terror list. Benjamin Netanyahu reacted with his predictable [...]
Thu, Dec 18, 2014, Continue reading at the source
As the fighting was continuing at the school in Peshawar, there were reports on Pakistani TV that eyewitnesses to the attack heard some of the assailants speak in Arabic and central Asian languages, rather than local languages such as Pashto or Urdu. [...]
Thu, Dec 18, 2014, Continue reading at the source
Unknown attackers fired dozens of bullets at the facade of the Israeli embassy in Athens without causing any injury in a pre-dawn, drive-by attack Friday on one of the Greek capital's best-guarded buildings. [...]
Thu, Dec 18, 2014, Continue reading at the source
Search for “Malaysian Airlines Flight 17? on the New York Times website and you'll find a page promoting three articles from July, two hyping the idea that Russia did it and one just focused on the horror of it. Below that you'll find 109 articles arranged from newest to oldest. The [...]
Thu, Dec 18, 2014, Continue reading at the source
It was reported recently that Germany's broadcaster Deutsche Welle (DW) investigated what turned out to be hundreds of trucks a day carrying billions of dollars in supplies, flowing into Syria and directly into the hands of the so-called “Islamic State” (ISIS). Turkey, a NATO member since 1952, has played a [...]
Thu, Dec 18, 2014, Continue reading at the source
A news agency attached to the Shafaq Foundation for Culture and Media of Faili Kurds reports U.S. ground troops engaged in a battle with IS fighters. The battle allegedly occurred near the Ain al-Asad base in western Ramadi, Iraq. According to sources, the U.S. soldiers were equipped with light and medium weapons [...]
Thu, Dec 18, 2014, Continue reading at the source
The US government now reportedly believes that North Korea is directly to blame for the devastating and unprecedented attack on Sony, The New York Times reports. The massive Sony data hack is likely retaliation for the controversial comedy "The Interview," which depicts the assassination of North Korean dictator Kim Jong Un. US [...]
Thu, Dec 18, 2014, Continue reading at the source
Submitted by Erico Matias Tavares via Sinclair & Co., There are some signs of trouble in emerging markets. And the money at risk now is bigger than ever. The yield spread between high grade emerging markets and US AAA-rated corporate debt has jumped, almost doubling in less than three [...]
Thu, Dec 18, 2014, Continue reading at the source
Yesterday, moments before the North Korea "hacking" tragicomedy escalated into full retard mode with Sony pulling The Interview, or a movie that absent the attention would certainly be a flop, Wired released an article titled: "North Korea Almost Certainly Did Not Hack Sony" (title subsequently changed to the one below [...]
Thu, Dec 18, 2014, Continue reading at the source
Below is an excerpt from my last research note entitled "Outlook 2015: Deflation Remains the Dominant Theme" Happy holidays! Chris Outlook 2015: Deflation Remains the Dominant Theme KBRA December 16, 2014 Since the start of the 2008 financial crisis, central banks around the world have been [...]
Thu, Dec 18, 2014, Continue reading at the source
The Many Phases of Silverfrom: The Victory Report and silver.com [...]
Thu, Dec 18, 2014, Continue reading at the source
Because "fun-durr-mentals." Oil prices are now lower on the day, and significantly off the highs... but energy stocks are surging... And while energy credit spreads are tighter, the move in energy stocks is exuberant to say the least. We are sure [...]
Thu, Dec 18, 2014, Continue reading at the source
Saudi Oil Minister al-Naimi says it is "difficult, if not impossible" for OPEC or Saudi to give up market share by cutting crude production, and data confirmed Saudi crude oil exports rose to 6.897mln bpd in October, up from 6.722mln bpd in September. This was then followed by the UAE [...]
Thu, Dec 18, 2014, Continue reading at the source
What a farce. After printing 40.8 in November - a 21 year high - Philly Fed collapsed back to 24.5 (missing expectations of 26.0). New Orders, employment (lowest since April), and the workweek plunged as The Philly Fed notes the survey suggests a slower pace of expansion of the region's [...]
Thu, Dec 18, 2014, Continue reading at the source
Stocks are rallying hard for three main reasons: 1) Janet Yellen's press conference managed to confuse everyone into thinking that the Fed might prop stocks up longer. 2) The Swiss National Bank cut interest rates to negative in an effort to depreciate the Franc. [...]
Thu, Dec 18, 2014, Continue reading at the source
"Another bumper month of non-farm payroll growth looks unlikely in December, with private sector payroll growth unlikely to breach the 200,000 mark," warns Markit after The US Services PMI plunged to 53.6, missing expectations of 56.3 by the most on record. This is the 6th straight month of declines. Job [...]
Thu, Dec 18, 2014, Continue reading at the source
Everyone thought that any major monetary policy surprises and/or capital controls today would come from Putin during his annual press conference. Boy were they wrong: just after 2 am Eastern, none other than the Swiss National Bank joined the ranks of the ECB in scrambling to stem the wave of [...]
Thu, Dec 18, 2014, Continue reading at the source

Written by Rod

September 27th, 2013 at 9:27 pm

Posted in