Stocks tumbled on Thursday, with benchmark indexes on track for their first monthly losses since January, as investors worried about Europe’s economy, an Argentine default and a jump in U.S. labor costs prompted concerns about corporate margins.
“We’re a worldwide economy, so the credit of one country effects other countries, and a lot of the bond holders were U.S. based,” said JJ Kinahan, chief strategist at TD Ameritrade.
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter
I need to disclose upfront that I’m biased: I’m a beer lover. And I live in beer-paradise, the crazy state of California. Kicking back with a brewski from a local craft brewer, of which we have over 450, can make even the Fed’s capers less aggravating. But soon that beer-induced smile on my face may dry up.
California’s enduring drought that has turned into [...]
From Chris Kimble via Yahoo! Finance:
CLICK ON CHART TO ENLARGE
“Triple Top” in this Value Index, followed by a break of support?
“It’s not the odds of an event coming true that are important… it’s the impact if it does!!!”
The odds may be low this is a triple top (nothing proven at this time)… yet if it is, the impact could [...]
Atlanta Hospital to Treat Ebola Patient…
The Atlanta Journal-Constitution
Emory University Hospital is expected to receive a patient infected with the deadly Ebola virus within the next several days, the university announced Thursday.
It’s unclear when exactly the patient will arrive, according to a statement from Emory. The Clifton Road hospital has a specially built isolation unit to treat patients exposed to certain serious infectious diseases. Set up in collaboration [...]
by Dave Hodges
The threats posed by a nuclear meltdown are catastrophic. What if the United States was facing 124 nuclear meltdowns, similar in scope to the meltdown at Fukushima, all at the same time?
Lessons Learned From Fukushima
Most aware Americans are cognizant of the fact that because of Fukushima, the fish of the earth are becoming inedible and the ocean currents as well as the prevailing ocean winds [...]
The Chicago purchasing managers index unexpectedly plunged to 52.6 in July from 62.6 in May.
Economists were expecting the index to climb to 63.0.
“A monthly fall of this magnitude has not been seen since October 2008 and left the Barometer at its lowest level since June 2013,” MNI Chicago said in its press release. “In spite of the sharp decline this month, feedback from purchasing managers was that they [...]
Pessimism is a useful prism through which to view the affairs of states. Their ambition to gain, retain, and project power is never sated.
Optimism, toward which Americans are generally inclined, leads to rash predictions of history’s ending in global consensus and the banishment of war. Such rosy views accompanied the end of the Cold War.
They were also much in evidence a century ago, on the eve of [...]
D.C. Cops Conducting FBI-Like Stings to Arrest People They Predetermine as ‘Bad Guys’
Pre-Crime Technology To Be Used In Washington D.C.
by Charles Hugh Smith
The Fed’s substitution of debt for income has only doomed the nation to a deeper, more painful realignment of real income and expenses.
The economic “recovery” has been based on a simple premise: debt can be substituted for income with no ill effects. As real household incomes have declined, the legitimate foundation of additional spending–more income–has eroded for the bottom 90%.
Even the ephemeral foundation of additional debt-based spending–the Fed’s [...]
The United States is preparing to sell the Iraqi government 5,000 Hellfire missiles through a proposed $700 million deal intended to equip Baghdad with additional power as militants from the Islamic State continue to wage a campaign across the region.
Stocks are down across Europe.
Britain’s FTSE is down 0.2%.
France’s CAC 40 is down 0.7%.
Germany’s DAX is down 1.0%.
Spain’s IBEX is down 1.6%.
This comes in the wake of new inflation and unemployment data.
Consumer prices in the euro zone climbed by just 0.4% year-over-year in July, the lowest rate in five years.
Meanwhile, the unemployment rate in the region slipped to 11.5% [...]
On Reality Asserts Itself, Mr. Flassbeck says the stock market bubble can burst at any moment because everybody knows there is no real growth behind it; then we are really in trouble as the whole effect of stabilization will disappear in one moment
By Michael Snyder
If the worst Ebola outbreak in recorded history reaches the United States, federal law permits “the apprehension and examination of any individual reasonably believed to be infected with a communicable disease”. These individuals can be “detained for such time and in such manner as may be reasonably necessary”. In other words, the federal government already has the authority to round people up against their will, take them to detention [...]
Italy’s unemployment is critical and getting worse. Portugal has plunged to 9 month lows. France’s housing industry just collapsed. ADP jobs missed expectations. Manipulated GDP 2nd Quarter number hits 4%, remove sub-prime borrowing and inventory hording the GDP is negative. FED continues to taper keeping up the illusion that the economy is recovering. Australia want to impose a tax to spy on its own people. NY is tracking peoples movements. [...]
July 30 (Bloomberg) — Argentina’s credit rating was cut to selective default by Standard & Poor’s as settlement talks with U.S. hedge funds led by Paul Singer’s Elliott Management continued past the country’s grace period. Bloomberg’s Trish Regan, Matt Miller and Mike McKee have more on “Street Smart.” (Source: Bloomberg)
by Dave Hodges
What will happen first? Will we fall under the specter of martial law and all that entails? Or, will we experience an economic collapse prior to martial law?
In the present state of affairs, it is very easy to focus on the invasion of America through our Southern border as the Fifth column insurgents make their way into the country in the form of [...]
In an interview with Bloomberg’s Betty Liu, former Federal Reserve Chair Dr. Alan Greenspan said the U.S. is “running out of buffer in economy,” “lacks fiscal resources,” and has “no way to find new revenues.”
Greenspan said equity markets will see a decline at some point after surging for the past several years, “The stock market has recovered so sharply for so long, you have to assume somewhere along the line [...]
Doctors fear Ebola victim Patrick Sawyer may have sparked a worldwide spread of the killer disease after being allowed on two flights while infected.
And tonight a desperate race was on to find dozens of passengers who flew on the same jets as the 40-year-old American.
British doctors and border officials have been warned to be on the lookout for people in the UK showing signs of the disease.
He had a stopover in Ghana [...]
Civil liberty groups criticise a new tracking device at Helsinki Airport that can monitor passengers’ footsteps, from arrival at the car park to take-off!
By Paul B. Farrell, MarketWatch
Horror master Stephen King’s “Under the Dome” is a vision of America’s future. Trapped in a massive bubble world warning us to wake up. Get into action. Forget today’s market gurus predicting 40% stock crashes. King’s “Dome” sees how our 21st century America has become a critical mass of bubbles of our own making, guaranteed to self-destruct, unless we listen to the warnings:
BY JOHN WARD
BERLIN/WASHINGTON RELATIONS IN CRISIS
As European citizens head for the August Beach fest, very few of them will be aware that the World may be on the brink of the biggest shift in global power scales since 1938. The reasons for this are various…but they are all, allegedly, giving Mutti Merkel pause for thought.
Last January I posted at some length about how Greece would default on [...]
BY JOHN WARD
Surface to air missile attack ruled out as calibre of cockpit bullet holes puts Ukraine pilots in the frame for MH17 murders
This is what a German pilot-cum-air technology expert Peter Haisenko has just published on the subject of the MH17 disaster (my emphases):
‘The misfortune of the Malaysian MH 017 is known to all. The flight
recorder is in England and is being evaluated. What can come of [...]
Superbugs known as CRE — called “nightmare bacteria” by federal health officials because they are deadly and virtually untreatable — are skyrocketing in the Southeastern USA, new research shows. Experts fear a growing national problem, and some say the spread of such superbugs may portend a “post-antibiotic era.”Cases of the antibiotic-resistant CRE rose fivefold in community hospitals in the region from 2008 to 2012, researchers at Duke University Medical Center [...]
Polling data compiled by Tea Party Patriots and provided exclusively to Breitbart News shows that a majority of Republican voters think Republicans standing strong on immigration is more important than repealing Obamacare, getting to the bottom of the Benghazi or IRS scandals—or anything else for that matter.
When asked by TPP’s pollster which issue they think is the important for Republicans in Congress [...]
HSBC Bank whistleblower Everett Stern, CEO of Tactical Rabbit, says that banks like HSBC not only know, but have admitted to doing business with companies that finance terrorists.
“HSBC is part of the deferred prosecution agreement and JP Morgan and Citibank, they have all admitted to these things,” Stern told Ed Berliner on “MidPoint” on Newsmax TV Wednesday.
“For some reason the mainstream media is not covering the issue, and the [...]
IN THIS INTERVIEW:
- Century of Enslavement: The History of The Federal Reserve ?1:12
- What is the Fed trying to hide? ?3:31
- Who does the Fed benefit? ?6:38
- The Fed created the Great Depression ?11:46
- Banker and politicians using 2008 crisis to consolidate political power ?20:40
- End the Fed? ?24:20
Price tag for Obamacare website approaches $1 billion: http://t.co/D79BH2Wmzh pic.twitter.com/kgLcXpnTcn
— Bloomberg News (@BloombergNews) July 31, 2014