FEB 11 16 SIT EC y POL
ZERO HEDGE
ECONOMICS
Is This
The Biggest Crisis In History?. Submitted by Tyler
Durden on 02/11/2016 : The previous "biggest crisis in history"
was in 1893 when a
serious economic depresion hit America... we just topped that in
terms of "crisis"
----
----
The
Crash In US Bank Stocks Is Only Half-Way Through. Submitted by Tyler
Durden on 02/11/2016 : It appears by the total lack of coverage that the
utter collapse of Europe's banking system is entirely irrelevant to the
"fortress-like" balance sheets of US banks... but it is not. Once
again today, US financials saw bonds dumped across the senior and subordinated
segments and while US financial stocks have fallen hard year-to-date, if
credit is right - and it usually is on a cyclical basis - US bank stocks have a
long way to go (as believe in book values is battered).
----
----
Janet
Yellen Admits Fed Is Evaluating Possibility Of Negative Rates. Submitted
by Tyler Durden on 02/11/2016 : "We had
previously considered them and decided that they would not work well to foster
accommodation back in 2010. In light of the experience of European countries
and others that have gone to negative rates, we’re taking a look at them
again because we would want to be prepared in the event that we needed to add
accommodation."
----
----
It's
Not Just Deutsche Bank.... Submitted by Tyler
Durden on 02/11/2016. While broad-based contagion from Deustche Bank's
disintegration is clear in European, US, and Asian bank risk, there is another
major financial institution whose counterparty risk concerns just went
vertical...
----
----
Why
Markets Are Crashing: "Faith In Central Banks Fails". Submitted
by Tyler Durden on 02/11/2016 :
According to Bloomberg:
Financial markets are signaling that investors have lost
faith in central banks’ ability to support the global economy.
And some more:
“The notion that central banks
and regulators could not act if the financial panic were to turn into a serious
threat to the real economy and hence to jobs looks wrong,” said Holger
Schmieding, chief economist at Berenberg Bank in London. “Central banks can
bolster confidence if they really have to in order to support the real
economy.”
"The period of central bank
‘shock and awe’ operations is likely to be behind us," Stephen Jen,
co-founder of SLJ Macro Partners LLP in London and a former International
Monetary Fund economist, wrote in a note on Friday. "This will be the
year that ‘gravity’ will overwhelm the central bank policies," he said,
recommending selling equities during rallies.
Perhaps hope, as
promulgated by this recent Bloomberg addition, was not such a good strategy
after all...
----
----
Lines
Around The Block To Buy Gold In London; Banks Placing "Unusually Large
Orders For Physical".Submitted by Tyler
Durden on 02/11/2016. [most currencies are down ..gold is up ]
----
----
Canada
Sells Nearly Half Of All Its Gold Reserves. Submitted by Tyler
Durden on 02/11/2016
[ They want to save their dollar ..by putting down the price of
gold ]
----
----
If
Credit Is Right, The S&P Is Facing A 40% Crash. Submitted by Tyler
Durden on 02/11/2016 : ...and credit is always right in the end! ..SEE
GRAPHIC
----
----
JPM's
Kolanovic Warns Upcoming Recession Could Be Comparable To 2008 Crisis; Says
"Buy Gold, Cash And VIX". Submitted by Tyler
Durden on 02/11/2016 : "Gglobal markets are now facing a significant ‘negative
wealth effect’ that has a potential to result in a recession. This negative
wealth effect of low commodity prices and a strong USD combined with the
slowdown in China could be comparable to that of the 2008/2009 crisis (it
involves diverse effects ranging from layoffs in the Global Energy sector to a
lack of EM Sovereign wealth flowing into developed market equity hedge funds).
While the economists were debating if the low-priced oil is good or bad for the
economy, the equity markets never had any doubts – Oil and Equities were moving
down together."
----
----
The
War On Cash - The Central Banks' Survival Campaign. Submitted by Tyler
Durden on 02/11/2016 : "The preservation of an insolvent
currency system requires that the owners of currency have no way to protect
it..."
----
----
JPM:
"Things Have Gotten Out Of Control: People Have More Confidence In Gold
Than In Paper Money" Submitted by Tyler
Durden on 02/11/2016 : "...gold at $1,200 an ounce, what does that
tell you? It tells you that in a flight to quality, in a safe haven, people
have more confidence in gold than in bank deposits or paper money. I think
things have gotten out of control." By Bob Michele, Global CIO
& Head, Global Fixed Income, Currency & Commodities Group"
----
----
If
You Want To Be Wealthy, Don't Buy A House - Build A Business. Submitted
by Tyler Durden on 02/11/2016 : The key
take-away: focus on owning income-producing assets, not a primary residence. Don't
finance your assets with debt; finance your income-producing assets with
savings and sweat equity, not borrowed money.
----
----
Through
The Looking Glass On Rates. Submitted by Tyler
Durden on 02/11/2016 : Negative interest rates act effectively as a
hidden tax funneled directly to banks. They are inherently unhealthy.
Currently, they could indicate also a measure of unease among two of the four
most powerful central banks. If so, that could well escalate.
----
----
This
Is What Central Bank Failure Looks Like (Part 3) Submitted by Tyler
Durden on 02/11/2016 : First,
it was The BoJ's utter collapse from omnipotence to impotence. Then came
the collapse
of The Fed's credibility in the short-term. And now, in the most egregious
example of total central bank failure - the 'market' has priced out any chance
of a rate hike through 2018... and in fact, there
is now a greater chance of a rate-cut (than rate-hike) into 2017.
----
----
POLITICS
Millennials
Now Prefer Socialism To Capitalism.
Submitted by Tyler Durden on 02/11/2016
EXTRACTS:
On Tuesday, Bernie Sanders swept to victory in the New
Hampshire primary over rival Hillary Clinton.
To be sure, Sanders was expected to win. Handily.
Still, there’s something surreal about the fact that
America is edging ever closer to a situation that will see an avowed socialist
square off against one of the country’s quintessential capitalists for the keys
to The White House.
As we and others have documented, the American electorate is
fed up with politics as usual in Washington. Many voters have no hope that the
system can be changed as long as both parties continually field mainstream,
establishment candidates all of whom are connected to powerful lobbyists, Wall
Street, and corporate America.
The capitalist and the socialist.
Against that backdrop we present the following interesting
chart from a recent YouGov survey and brief color from WaPo. As you can see, respondents
younger than 30 now rate socialism more favorably than capitalism. We
suppose it’s all that good will towards Wall Street.
From WaPo's
Catherine Rampell:
In my column today,
I mentioned that one reason millennials prefer Bernie Sanders to
Hillary Clinton is that they’re not just willing to look past Sanders’s
socialism — they actually like his socialism. It’s a feature, not
a bug.
….
----
----
MIDDLE EAST & WORLD ISSUES
Saudi
Arabia Makes "Final" Decision To Send Troops To Syria As US, Russia
Spar Over Aleppo Strikes. Submitted by Tyler Durden on 02/11/2016 : As Saudi
Arabia readies a Syrian ground invasion, there are competing accounts of just who
destroyed 9 targets in Aleppo on Wednesday. While The Pentagon says Moscow hit
the city's two main hospitals, The Kremlin claims two US Air Force A-10 attack
planes carried out the strikes which raises the following question: is the US
set to conduct airstrikes in support of the rebels, thus marking a fresh and
exceptionally dangerous escalation of hostilities in the country?
----
----
Liberty
Activists And ISIS Will Soon Be Treated As Identical Threats. Submitted
by Tyler Durden
on 02/11/2016 : When all is said and
done, who is the greater threat to you and your freedoms? A psychotic theocrat that has taken his
religion so far into the forbidden zone that any evil, no matter how heinous,
is justified through the circular logic of zealotry? .. every
once in a while they talk to you about 9/11? Come on, think about it…
----
----
Russian
Prime Minister Warns There Will Be A "Permanent World War" If Saudis
Invade Syria. Submitted by Tyler
Durden on 02/11/2016 : "Do they really think they would win such a war
very quickly? That's impossible, especially in the Arabic world. There everyone
is fighting against everyone... everything is far more complicated. It could
take years or decades."
----
----
"Forget
It": Turkey Throws Up On EU Refugee "Plan" As NATO Sends Ships
To Nab "People Smugglers". Submitted by Tyler
Durden on 02/11/2016 : “We’re surprised that the Europeans should say we
should open the borders to Syrians from Aleppo when we’ve been doing that for
five years. It is all unfolding, another tsunami. How are we going to cope?”
----
----
Submitted by Tyler
Durden on 02/11/2016 - 07:52
- Gold Roars to One-Year High as Turmoil Drives Safe Haven Demand (BBG)
- Banking Stocks Pummeled in Europe (WSJ)
- Dollar, stocks plunge sparks scramble for safety (Reuters)
- Nymex Crude Slips Below $27 a Barrel (WSJ)
- No Respite for S&P 500 as U.S. Stock Futures Join Global Selloff (BBG)
----
----
GLOBAL RESEARCH
----
----
----
----
Can
the Establishment Fix Its Bernie Sanders Problem? . The trump card of the Party
elites is their control of “superdelegates.” But overplaying your best cards is
risky too. Imagine Sanders winning the popular vote by wide margins in
state after state, only to have the Party machine give the delegates to
Clinton. Acting this undemocratically could trigger a deep crisis and
destroy the veneer of democracy.
INFORMATION CLEARING HOUSE
Russia Warns
Gulf Intervention in Syria Risks World War. By Agencies.. Moscow warned
Thursday that any move by Gulf nations to send in troops to support the rebels
in Syria would risk a “new world war.”
----
Saudi
Arabia Makes "Final" Decision To Send Troops To Syria By Tyler Durden.
“Their victory in Aleppo is not the end of the war. It’s the beginning of a new
war,”
----
Are We on
the Eve of War?. Is the US Leading Saudi Arabia Down the Kuwaiti
Invasion Road?. By JC Collins. Except this time the aerial bombardment will
come from Russian forces and the mop up crew will consist of Iranian and
Hezbollah forces.
----
Rumors of
War. By
CrossTalk. The Pentagon has requested
an unprecedented budget. What threatens the United States and its allies the
most?.
----
“Intelligent
People Know that the Empire is on the Downhill”. By Patrick L. Smith. A veteran CIA
agent spills the goods on the Deep State and our foreign policy nightmares.
----
Decoding the US Empire of Chaos. The Global
Reversal of the Social Evolution of Humanity. By
Prof. John McMurtry and Biljana Ðorovic. The depth of the abyss into which the world is falling
is ever clearer to people, but not the cause or the way out.
----
WASHINGTON BLOG
The
Increasingly Fragile Upper-Middle Class. Posted on February 11, 2016 by Charles Hugh Smith . Since
the top 10% takes home 50% of all household income, it follows that this top
slice has most of the discretionary cash, i.e. net income left after taxes,
servicing debt and paying for essentials such as food, utilities and housing.
It also follows that the discretionary spending of the top
10% is supporting much of the economy that is dependent on discretionary
spending: tourism, eating out, personal trainers, etc.
----
----
Central
Banks Are Trojan Horses, Looting Their Host Nations. Posted on February 11, 2016 by WashingtonsBlog . A Nobel prize
winning economist, Joseph
Stiglitz says that the International Monetary Fund and World Bank loan money
to third world countries as a way to force them to open up their markets and
resources for looting by the West. Do central banks do something similar?
Economics professor Richard Werner – who created the concept
of quantitative easing – has documented that central
banks intentionally impoverish their host countries to justify economic and
legal changes which allow looting by foreign interests. ⇒
Keep Reading
----
----
NOTICIAS IN SPANISH
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
PRESS TV
ISIL
used chemical weapons: CIA chief. Y quien se los dio
sino los Turcos, su aliado.
----
----
Ministers
agree to ‘expand' aid in Syria. The US war is against Syria
----
----
Iowa,
NH votes ‘not a good predictor’ the business of prediction is run by big
corp
----
----
----
‘Turkey
waging terror war against Syria’ all that Turkey does is ours, they’re our
puppets
----
----
===
No hay comentarios:
Publicar un comentario