MAY 15 SIT EC y POL
ZERO HEDGE
Are
You Ready For The Coming Debt Revolution?. Submitted by Tyler Durden on 05/15/2015. There is a
specter haunting America... and all the developed nations of the world. It
is the specter of a debt revolution. Few in the White House realized
they had made such a calamitous mistake when the president ended the
convertibility of the dollar into gold. And yet it created a world in which
parents and grandparents could prey on their grandchildren... for the next
44 years. And it’s still not over.
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Before
You Buy That Rothko - How The CIA Covertly Nurtured Modern Art As A Cold War
"Weapon". Submitted by Tyler
Durden on 05/15/2015. For decades in art circles it was either a rumour
or a joke, but now it is confirmed as a fact. The Central Intelligence
Agency used American modern art – including the works of such artists as
Jackson Pollock, Robert Motherwell, Willem de Kooning and Mark Rothko – as
a weapon in the Cold War.
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5 Things To Ponder: Reading While Waiting List. Submitted by Tyler Durden on 05/15/2015.
"To critics who warn that pumping trillions of
dollars into the economy in a short period is bound to drive up inflation,
today's central bankers point to stagnant consumer prices and say, 'Look, Ma,
no inflation.' But this ignores the fact that when money is nominally free,
strange things happen, and today record-low rates are fueling an unprecedented
bout of inflation across asset prices."
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Wall
Street Demands Exemption From Punishment In Exchange For Guilty Pleas In FX
Rigging. Submitted by Tyler Durden on 05/15/2015. "Banks
want assurances from U.S. regulators that they will not be barred from certain
businesses before agreeing to plead guilty to criminal charges over the
manipulation of foreign exchange rates, causing a delay in multibillion-dollar
settlements," Reuters reports, reinforcing the idea that 'guilty'
pleas from Wall Street on FX rigging will ultimately mean absolutely nothing
because once the fine print is inserted into the settlements and once the SEC
grants every bank's request for a waiver, it will back to business as usual.
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US
Farmers In "Dire Straits": JPM Warns Of Imminent Liquidity Crunch.
Submitted by Tyler Durden on 05/15/2015. Despite
the government's 'advice' to young debt-laden students, the tragedy
of the American farmer continues with worryingly pessimistic views on
the future of the industry. With farmland prices falling for the first time in
almost 30 years, credit conditions are weakening dramatically and the Kansas
City Fed warns that persistently low crop prices and high input costs
reduced profit margins and increased concerns about future loan repayment
capacity, and JPMorgan concludes, the industry is currently in dire straits
with the potential for a liquidity crunch for farmers into 2016.
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Cold
War 2.0 Caught On Tape: US Military Convoy Crosses Eastern Europe While NATO
Sings Karaoke Peace Ballad. Submitted
by Tyler Durden on 05/15/2015. A day after Kiev
chose hawkish US Senator John McCain to serve on President Poroshenko's
advisory committee (spoiler alert: he had to decline), the US military rolls
through Romania with a "simple message" for Vladimir Putin and
Russia. Meanwhile, European officials hold hands and sing Michael Jackson and
Lionel Richie's "We Are The World" at a NATO dinner. And yes, we
have the video clips.
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The
Big Lie: Serial Retail Sales Downward Revisions Hide Ugly Truth, Submitted by Tyler
Durden on 05/15/2015. Over the last 5 years, over 20% of the initial
gains in Retail Sales have been 'removed' by serial downward revisions in
later months.
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Amtrak
- A National Hazard At Any Speed. Submitted by Tyler
Durden on 05/15/2015. Amtrak should be put out of its misery once and
for all. Otherwise its longstanding hazard to the taxpayers is likely
to be compounded by even more public safety disasters like this
week’s tragic event.
[AMTRACK is my favorite mean of transportation in America
since the headache of airplanes was imposed with the nasty business of violating
our intimacy and “selecting at random” latinos and other minorities for special
tough scrutiny ... this request of
putting Amtrak out of business seems to be related to the crisis of commercial
airplanes .. these should be put out of business, especially the airline that
locked an Asian person in the bathroom during the whole flight because of
talking loud in his native language .. I will of course request modernization
of trains as China and Europeans did .. but no to cancel this mean of transportation ]
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These
Stocks Are Most Likely To Get A Fake "Buyout Offer" Next. Submitted
by Tyler Durden on 05/15/2015. Since yesterday's
fake AVP tender offer was nothing but a targeted attempt to force a short
squeeze in one of the market's most shorted stocks, the best way to be positioned
for future such criminal activity is to go long precisely the most shorted
stocks, the names which in any other universe would be the first to crash, burn
and file bankruptcy, but in this parallel centrally-planned universe may just
be the biggest winners.
Here are the 30 most hated and shorted names, ranked in
order of declining short interest as a percentage of float, for both the
S&P 500...
... and the Russell
2000.
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UK
PM David Cameron Proclaims: It’s Not Enough To Follow The Law, You Must Love
Big Brother. Submitted by Tyler
Durden on 05/15/2015 “the
creepiest thing David Cameron has ever said.”
[ Dicen
que en tierra de ciegos, el tuerto es rey”… este además de tuerto es demente… Qué
pena da la Inglaterra de nuestros dÃas .. solo sirven para bombardear paÃses en
desarrollo y enviar mercenarios y putas en apoyo del ISIL .. que
desgracia! Ese ex imperio
da asco.. Ojala no le ocurra al USA ]
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When
Europe Gets Greece's Jingle Mail: Dealing With Default. Submitted by Tyler
Durden on 05/15/2015 The costs and consequences of Greece exiting
the Eurozone may well dwarf the financial losses triggered by Greece's default.
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House
Passes Massive Defense Bill Which Obama Will Promptly Veto. Submitted
by Tyler Durden on 05/15/2015. [ we hope so ] The US House of Representative just approved (by
a vote of 269 to 151) the $612 billion National Defense Authorization Act
(NDAA) funding moar warmongery for fiscal year 2016. However, the vote came
short of a veto-proof majority and since the administration opposes the defense
policy bill - for its alleged budgeting "gimmicks," as well as its
provisions for arming Ukrainian forces - we suspect President Obama is
preparing to unleash the veto pen.
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Someone
Is Lying: Job Optimism Plummets To Levels Unseen Since Financial Crisis.
Submitted by Tyler Durden on 05/15/2015. The percentage of
respondents to University of Michigan's Consumer Sentiment Survey that "think
they (or their spouse) will lose their job over the next 5 years" soared
to its highest since March 2009.
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UMich
Consumer Sentiment Crashes As Surging Gas Prices Trump Stock Record Highs.
Submitted by Tyler Durden on 05/15/2015. Soaring gas prices
dueled with soaring stock prices to leave University of Michigan Consumer
Sentiment and it appears the former won. Printing at the weakest level since
Oct 2014, UMich dropped to 88.6 (vs 95.9 expectations). This is the biggest
miss on record.. and biggest MoM drop since Dec 2012. Both current
conditons and expectations plunged despite surges in inflation expectations.
Higher income expectations are starting to plunge - at their lowest in 7 months
- and household finances are seenas the worst since July 2014. And
finally, the survey's spokspersonsays that respondents showed "concern
over employment."
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Deutsche
Bank: "No One Knows How To Hedge Or Price Liquidity In This World".
Submitted by Tyler Durden on 05/15/2015. "... some
stressed more than others about it but all concluded that the last few weeks in
rates were eye-opening. No-one really knew how to hedge or price for it in a
world where you need to hit short-term performance targets. This supports
my view that liquidity premiums will never be properly priced in this cycle and
investors will stay in assets too long in order to maximise short-term
performance.... when this cycle does end there is likely to be savage moves
in markets where either investors need to sell or where they are able to sell."
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Saudi
Victory? WTI Crude Tumbles To Key Support (Again). Submitted by Tyler
Durden on 05/15/2015. It appears a slew of dismally disappointing economic
data has finally broken the back of the camel... WTI Crude - on
the heels of Saudi proclamations that they are winning the fight against US
Shale - has tumbled back to the key $59.50 level...
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US
Industrial Production Weakens For 5th Month - Longest Streak Since Great
Recession. Submitted by Tyler
Durden on 05/15/2015. On the heels of the weakest print since May 2009 in
March, April Industrial Production printed -0.3% (against expectations of a
bounce to -0.03% from -0.64% - which was revised higher). This is the 5th
monthly drop in a row - the longest streak since the Great Recession. This
is the 2nd weakest YoY print, at a mere +1.93%, since Feb 2010. To add to the
pain, Capacity Utlization missed expectations falling to its lowest since
Jan 2014 (falling the most YoY since Dec 2009) and Manufacturing production
was unchanged.
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Empire
Manufacturing Misses For 4th Month In A Row As Spending Outlook Plunges To
15-Month Lows. Submitted by Tyler
Durden on 05/15/2015. Having plumbed the depth of 2-year lows in April, May's
Empire Manufacturing printed a disappointing 3.09 (against expectations of a
bounce to 5.00 from -1.19). This is the 4th miss in a row and for context
is the same level as we dropped to in January 2008. Number of employees
and prices paid (and received) tumbled, new orders edged higher but crucially 'hope'
plunged back to 3-month lows. Furtures expectations for CapEx and Tech
Spending also collapsed.
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Is The Dam Bursting?.
Submitted by Tyler Durden on 05/15/2015. It is a
cornerstone of orthodox economics that recessions are not just emotion and
pessimism but spring out of an exogenous “shock.” There is none to be found
here in sharp contrast to 2008 which at least had a deep financial panic.
However, the trajectory of the economy since 2012 has been seeded by a distinct
lack of growth especially in wages and incomes – what economists have been
taking as slow but steady growth was actually much more nefarious. We may find
out that recession shock includes just generic and basic attrition; that “demand”,
despite all the attention and “stimulus” given it, can only hold out for so
long without any actual (as opposed to purely statistical) alleviation.
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Greece
Shows Nazi Video To Commuters In Desperate War Reparations Bid. Submitted
by Tyler Durden on 05/15/2015. An increasingly
desperate Greek government is once again playing the war reparations card, this
time by looping video clips of the Nazi occupation on public transportation
(because no Greek commute is complete without a bit of anti-German agitprop).
Meanwhile, Varoufakis says he wishes Greece would have never entered the
monetary union.
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Submitted by Tyler
Durden on 05/15/2015 - 07:32
- The fake: Avon-Offer Hoax Shows It’s Easy to Put One Over on SEC’s Edgar (BBG)
- And the real: US buyout group TPG snaps up UK discounter Poundworld (FT)
- El Niño near-certain to last through summer: U.S. climate center (Reuters)
- Oil Sands Land Becomes Alberta’s Hot Real Estate as Oil Rebounds (BBG)
- SEC a stumbling block in banks' forex guilty pleas: sources (Reuters)
- Pimco’s Stocks Chief Maisonneuve to Leave as Funds Closed (BBG)
- Bank of America’s Woes Test ‘Fixer’ CEO (WSJ)
- Puerto Rico Governor, Lawmakers Agree on Revenue Proposal (BBG)
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THE 4TH MEDIA
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LATINO NEWS
Brasil cancela un contrato de 2.000 millones de
dólares con una empresa de seguridad israelà para los Juegos OlÃmpicos de 2016. Charlotte Silver
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"¿No nos representan?". Discusión
entre Jacques Rancière y Ernesto Laclau sobre Estado y democracia. Amador Fernández-Savater
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Represión y muertes en conflictos mineros en
Perú. Magali Zevallos. Entre el gobierno de Alan GarcÃa y el de
Ollanta Humala han muerto 253 personas en conflictos sociales
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PRESSTV
Tehran
slams Camp David statement. Fri
May 15, 2015 Iran raps as “contradictory” a recent statement by the US and the
(Persian) Gulf Cooperation Council at Camp David.
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Obama
‘destabilizing’ Persian Gulf area. Fri May 15, 2015 US President Barack
Obama’s new pledge to back Arab allies in the Persian Gulf against Iran is a
“destabilizing” move by the White House.
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‘US-Saudi
ties based on arms deals, oil’. Fri May 15, 2015 A commentator says the
US-Saudi ties are based on weapons deals and oil.
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