Syria Crisis Escalates, Global Unrest Spreading [SCG Live 6.18.13]
Syria Crisis Escalates, Global Unrest Spreading [SCG Live 6.18.13]
PIMCO co-CIO Bill Gross appeared on Bloomberg TV’s “Street Smart” with Trish Regan and Adam Johnson today, where he said that investors who are selling Treasuries on expectations that the Federal Reserve will scale back QE are missing the influence of inflation on the Fed’s decision. He said, “The market basically has misinterpreted the growth and the unemployment targets while leaving out the inflation targets going forward…This is a combined [...]
Jun 19, 2013
On CNBC and all the channels that cover business, we have person after person after person, buy side, sell side, upside, downside.
How is the economy? Economy is great.
What about stocks? You got to buy them.
What if they break? You have to buy the dips.
What’s wrong with the economy? I don’t hear these people saying anything is wrong with the economy.
So what’s wrong, Ben? Why can’t we get out of [...]
I’m NOT interested in arguing over this. I just want you to know it is happening. Sort of feel a duty to share the info…debaters are a waste of my time. Those who have been watching will know what this is about. This is for you. Get your preps in order, it’s going to hit hard:
Largest methane seep in the world found off the eastern coast of U.S.
June 19, 2013 [...]
Marc Faber – People With Assets Are All Doomed
“People with assets are all doomed,” he began, “because prices are grossly inflated globally for stocks, bonds and collectibles.” Faber warns the Fed’s low interest rates could lead to a global crash.
The Market Is Falling More, And Interest Rates Are Really Starting To Shoot Higher
It’s not a huge move, but the market is falling during the Ben Bernanke press conference.
In the immediate aftermath of the Fed statement (@ 2 PM) markets fell modestly.
Now the Dow is down 138, and interest rates are spiking. Yield on the 10-year bond has hit 2.33% (!), which is the highest level since early 2012.
Read more: http://www.businessinsider.com/the-market-is-falling-after-fed-statement-2013-6#ixzz2Wh06zTzT
*BERNANKE: FOMC MAY `MODERATE’ [...]
by Phoenix Capital Research
We’re now five years into the worst recovery in the post-WWII period.
Based simply on historical business cycles, we should already be out of recovery and into a “growth” stage for the US economy. This should have happened even with barely any stimulus from the Fed.
Instead, the Fed has spent TRILLIONS of Dollars and failed to deliver anything resembling economic growth. The number of people who are of working age who [...]
BOB JANJUAH: Ben Bernanke Is Scared
He will be forced to taper.
Nomura’s bear Bob Janjuah believes the “why” is fear.
From his note last week:
So for me, ‘tapering’ is going to happen. It will be gentle, it will be well telegraphed, and the key will be to avoid a major shock to the real economy. But the Fed is NOT going to taper because the economy is too strong or because we have [...]
Moderate earthquake – Coquimbo, Chile on June 19, 2013
Magnitude : 4.1
Local Time (conversion only below land) : 2013-06-19 09:48:37
GMT/UTC Time : 2013-06-19 13:48:37
Depth (Hypocenter) : 50 km
Minor earthquake – France on June 19, 2013
Magnitude : 3
Local Time (conversion only below land) : 2013-06-19 16:04:34
GMT/UTC Time : 2013-06-19 14:04:34
Depth (Hypocenter) : 15 km
Moderate earthquake – Lumsden on June 19, 2013
Magnitude : 4.6
Local Time (conversion only below land) : 2013-06-20 02:10:24
GMT/UTC Time : 2013-06-19 14:10:24
Depth (Hypocenter) : 200 km
Minor earthquake – Puerto Rico Region [...]
Conservative activists are planning to storm Capitol Hill on Wednesday for what they are predicting will be “the largest Tea Party protest since 2010.”
The protest — drawing tea partiers like TV host Glenn Beck and Kentucky Sen. Rand Paul — is in response to the Internal Revenue Service’s recent admission that it has been specifically targeting conservative groups for extra scrutiny.
The gathering on the West Lawn of the Capitol is [...]
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter
Fed Chairman Ben Bernanke and his ilk refuse to see the connection. They’re too busy ogling inflation in the US that is suspiciously low. But China has its eyes riveted on the revolt in Brazil. Like all revolts, it’s about deep-seated issues and inequalities, but the spark that lit it – after price and asset inflation had made life too expensive for the middle class [...]
Colorado’s Black Forest fire crews focus on clean up; cost to fight fire hits $8.5 million
509 homes lost in Colorado’s Black Forest Fire; 28 partially damaged; fire remains at 85% containment - @CBSDenver
Colorado wildfire destroys more than 500 homes, new blazes menace West http://reut.rs/1bTw5wx
Colorado wildfire snuffs over 500 homes; California fire a threat http://reut.rs/10v39eo
Wildfire task force considering tougher limits for homeowners in burn zones http://huff.to/19N72i8
TRC Affiliate chaser, Eric Duncan, Streaming live [...]
PBoC refused to inject liquidity into the market
Short-term interbank lending rates surged 200 basis points to an all-time high of almost 8% on Wednesday after the PBoC refused to inject liquidity into the market. “The only explanation is that the central bank wants to send a warning signal to commercial banks and other credit issuers that unchecked credit expansion, particularly through the shadow banking system, will not be accommodated,” says CNC Asset [...]
Kyle Bass covers three critical topics in this excellent in-depth interview before turning to a very wide-ranging and interesting Q&A session.
The topics he focuses on are Central bank expansion (with a mind-numbing array of awe-full numbers to explain just where the $10 trillion of freshly created money has gone), Japan’s near-term outlook (“the next 18 months in Japan will redefine the economic orthodoxy of the West”), and most importantly since, [...]
Today’s AM fix was USD 1,366.00, EUR 1,019.86 and GBP 874.91 per ounce.
Gold fell $16.60 or 1.2% yesterday and closed at $1,367.10/oz. Silver finished down 1.01%.
Gold’s weakness continues and gold is now near the lowest level in four weeks, as a liquidity driven rally in stocks and investor caution over the Federal Reserve’s monetary policy is contributing [...]
by Phoenix Capital Research
The Fed will announce its moves today at 2PM.
There’s really no telling what will happen. The markets have become truly schizophrenic. For instance, stocks continue to rally as though more QE is coming.
However, Gold, which has lead stocks into every major Fed program, continues to fall…
Moreover, Treasuries continue to fall, which indicates that less bond buying is coming…
In simple terms, the markets are all over the place. Some [...]
http://usawatchdog.com/robert-wiedeme… - In his latest book, “The Aftershock Investor,” Bob Wiedemer says to get out of stocks and bonds. He predicts, “Between now and 2014, I think you’re going to fall out of bed. . . . Stock investors could take a very big hit—well over 50%.” Wiedemer calls gold “the once and future king” and goes on to predict “gold will go to $6,000 to $7,000 per ounce.” Join Greg [...]
Federal Reserve Chairman Ben Bernanke is on the way out the door, but the consequences of the bond bubble that he has helped to create will stay with us for a very, very long time. During Bernanke’s tenure, interest rates on U.S. Treasuries have fallen to record lows. This has enabled the U.S. government to pile up an extraordinary amount of debt. During his tenure we have also seen mortgage [...]
When a central bank like the Federal Reserve turns itself into a hedge fund, you know the lunatics have fully taken over the asylum. leverage is leveraged again. madness is the meme.
The Greenspan put has been around at least since 1998 when LTCM was so conveniently bailed out by the Reverend ” free money ” Al. Bernanke has continued the tradition.
The result has been a set of incredible bubbles around [...]
Ray Kurzweil, director of engineering at Google, believes we will be able to upload our entire brains to computers within the next 32 years – an event known as singularity
In just over 30 years, humans will be able to upload their entire minds to computers and [...]
In the Saudi cluster that was investigated, certain patients infected many more people than would be expected, Perl said. One patient who was receiving dialysis treatment spread MERS to seven others, including fellow dialysis patients at the same hospital. During SARS, such patients were known as “superspreaders” and effectively seeded outbreaks in numerous countries.
Perl and colleagues also concluded that symptoms of both diseases are similar, with an initial fever and [...]
Federal Reserve Chairman Ben S. Bernanke said the central bank may start dialing down its unprecedented bond-buying program this year and end it entirely in mid-2014 if the economy finally achieves the sustainable growth the Fed has sought since the recession ended in 2009.
The Federal Open Market Committee today left the monthly pace of bond purchases unchanged at $85 billion, while saying that “downside risks to the outlook for the economy and [...]
Here is the trailer which introduces us to the series. Following that are the episodes that have been aired.
Published on Jun 16, 2013
Published on Jun 15, 2013
NewsBreaker ‏@NewsBreaker 6m
Sao Paulo to suspend planned increase in public transportation fares after protests across Brazil - @ReutersWorld
Sao Paulo to suspend planned increase in public transportation fares after Brazil protests: officials #breaking
REPORT: Brazil Caves On Bus Fare Hikes
Rio De Janiero and Sao Paolo will reduce public transit fares in response to the massive protests that met [...]
Piers Morgan interviews Ron Paul on whistle blowers and the spying on of Americans by Obamas administration.
PLEASE SPREAD THIS TO ANYONE YOU KNOW WHO USES AT&T
* My reason for spreading this info below..
The Wall Street Journal is reporting that AT&T Mobility, the second-largest wireless carrier in the U.S., has added a new monthly administrative fee of 61 cents to the bills of all of its contract wireless lines as of May 1, a move that could bring in more than a half-billion dollars in annual revenue [...]
There is a fierce fighting going on in the Syrian capital, Damascus, as the government forces are trying to recapture territory lost to rebels.
Fighters from the Lebanese group Hezbollah are assisting the government troops in the battle.
using Russian rockets…
200 Russian new weapons etc… look video
America Falls Behind in Creating Rich Entrepreneurs
The creation myth of American wealth is almost always rooted in the entrepreneur.
It’s the two kids who start a computer company in their garage or dorm room. Or the former standup comic who creates form-shaping undergarments, or the South African immigrant who creates a new electric car and private space program.
But despite the high-profile examples, America may actually be falling behind the rest of [...]
NewsChannel5.com | Nashville News, Weather
LEIPER’S FORK, Tenn. - A Williamson County gun dealer recently learned a credit card processing company no longer wants to do business with him.
“We go through all the hoops and all the steps and at the end of the day it’s still a struggle to get the same services anybody else would,” said Nick McMillan.
From Carpe Diem:
The National Association of Home Builders is reporting this week that:
“This is the first time the HMI has been [...]
U.S. Department of Housing and Urban Development Secretary Shaun Donovan joined Bloomberg TV’s Adam Johnson and Alix Steel on “Lunch Money” and said the U.S. government will keep working to ensure mortgage services are doing enough to improve treatment of borrowers at risk of foreclosure. He said that no progress will be “100% perfect.”
On interest payment rates rising to 4-percent: “We had a rise over the last 15 months of [...]
A $0.09 hike in the price of a single bus fare in Sao Paulo ignited the biggest protests to hit Brazil in over 20 years. As we noted earlier today, the bus fare hike was merely the last straw in a long list of public grievances about the shaky Brazilian economy.
But it’s worth noting that Sao Paulo’s bus riders are being majorly squeezed by fares. A fare price that sounds pretty minuscule in dollar [...]
So I am guessing 78 million American adults and 12 million children will soon be forced into an obamacare treatment program, or face the consequences of an armed IRS agent looking to enforce a substantial fine~!! Good times eh?
It won’t be long now before a vaccine comes out to prevent this disease, I mean there is a couple hundred million dollars for Big Pharma right there, that is unless they [...]
Brazilian police fired rubber bullets at demonstrators in the northeastern city of Fortaleza hours before a soccer match against Mexico as week-long protests over inflation and public policy spread.
Police also fired tear gas and used mace to disperse a crowd that had broken through a barrier around the stadium where the Brazilian national team plays this afternoon. Some of the protesters, who gathered to express their discontent over public spending on stadiums, [...]
This may seem like something out of a science fiction movie: researchers have designed microparticles that can be injected directly into the bloodstream to quickly oxygenate your body, even if you can’t breathe anymore. It’s one of the best medical breakthroughs in recent years, and one that could save millions of lives every year.
The invention, developed by a team at Boston Children’s Hospital, will allow medical teams to keep patients [...]
The luckiest man in America: Factory worker wins the lottery TWICE in 24 hours after winning $200,000 on a scratchcard as he went to collect his $55,000 windfall
Winning $55,000 on the lottery would be enough for most people.
But within 24 hours, Cary Collings bought another scratchcard on the way to cashing in his ticket – and won another $200,000.
The 61-year-old can count himself among the luckiest men in America after [...]
$9,000,000,000,000 Missing From The Federal Reserve. Why should any American pay their taxes.
Rep. Alan Grayson questions the FED inspector General where $9 TRillion dollars went… and Inspector General Elizabeth Coleman hasn’t a clue… Dunno whether to laugh or cry – I am still getting over the shock and have watched 4 times – LISTEN carefully to what she says – “THEY HAVE NO JURISTRICTION” to investigate the fed!!! Only their [...]
Egypt appoints member of terror group that once massacred tourists to run tourism region
It was only 16 years ago, in 1997, that members of an Egyptian militant group called Gamaa Islamiya stormed the ancient Temple of Hatshepsut in Luxor, a tourism magnet, and massacred 62 tourists before killing themselves, part of their insurgent campaign against the government. This week, Egyptian President Mohamed Morsi swore in Adel Mohamed al-Khayat, a former [...]
Work on Guangzhou Metro Line 6 destroys five ancient tombs
Guangzhou Metro is facing a public outcry after contractors destroyed a group of ancient imperial tombs in the Menggang district during construction of Line 6 of its subway system.
The tombs, ranging from 2,200 to more than 3,000 years old and still being studied by archaeologists, were wrecked by excavators on Friday night.
The protected site, on the eastern slope of Da Gong [...]
All eyes are on the release of the Federal Reserve’s monetary policy statement from its latest FOMC meeting at 2 PM ET and Fed Chairman Ben Bernanke’s subsequent press conference and Q&A, which begins at 2:30.
That Cheap Stuff You Buy At Wal-Mart? It Cost $6,000 More Than You Thought.
According to a Congressional study, $6,000 is the average amount taxpayers are being dinged per employee.
Walmart’s wages and benefits are so low, it forces workers to go on Medicaid and receive housing assistance, childcare subsidies, food stamps, and more.
Yes, it’s totally insane, but it’s true.
Just who owns Wal-Mart?
96% of the stuff you buy at Wal-Mart is Made [...]