Junk Bonds – Bullish wicks form after rare performance spread!

from kimblechartingsolutions:

 

CLICK ON CHART TO ENLARGE

If one likes the idea of buying low and selling higher, junk bonds might come to mind due to how hard they’ve been hit of late! The chart below highlights that an unusual and large performance spread between JNK and the S&P 500. Its not often that these two see a 10% return difference in just 60 days. This differential wasn’t the only thing that got […]

Global Currency War: Many central banks outside of the Federal Reserve, including the Bank of Japan and European Central Bank, are engaged in major easing programs to boost their economies and depress their currencies.

‘We don’t need a war when we can have a currency war‘- guest @sjderrick, Chief Currency Strategist, BNY Mellon

‘We don’t need a war when we can have a currency war’- guest @sjderrick, Chief Currency Strategist, BNY Mellon #Russia #Rouble @CNBC

— Louisa Bojesen (@louisabojesen) December 17, 2014

  Currency war hots up as China prepares to bail out Russia

Does Putin & Co have a card up their sleeve amid the huge changes […]

Housing Bubble 2 Goes Nuts: San Francisco Home Sales Plunge 20%, Prices Soar 27%

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter

San Francisco is known for its mindboggling booms and breathtaking busts as the hot money from all over the world ebbs and flows amidst startup frenzies and IPO manias.

And now the hot money is flowing. It has created a delirious craziness in the housing market, surrounded by an environment where app makers without revenues but with big dreams and the word “disrupt” in their description are worth […]

$2 Trillion High-yield Debt Market On The Verge Of Default, Goldman Sachs Says 1 Trillion In Investments Just Went Poof Due To The Collapse Of Oil, Debt Defaults Have Already Begun To Hit In The North American Shale Oil/gas Industry!

AND their analysis didn’t even touch on Shale Oil Projects in the U.S.A. (Because they have too much invested in that).

Enjoy your $2.00 gas while it lasts…

SNIP

In a stunning analysis this week, Goldman Sachs found almost $1 trillion in investments in future oil projects at risk. They looked at 400 of the world’s largest new oil and gas fields — excluding U.S. shale — and found projects representing $930 billion […]

The US national debt has broken all the records in American, 41% of the national debt of the US has accrued during this administration… Cost of big biz not paying taxes, rich offshore tax havens, bailouts of Wall St…

The US national debt has broken all the records in American.. – pic.twitter.com/9vihekfcQy

— 9GAG Tweets (@9GAGTweets) December 17, 2014

 

(CNSNews.com) – The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.

That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is […]

There Is Hope In Understanding That A Great Economic Collapse Is Coming

By Michael Snyder

If you were about to take a final exam, would you have more hope or more fear if you didn’t understand any of the questions and you had not prepared for the test at all?  I think that virtually all of us have had dreams where we show up for an exam that we have not studied for.  Those dreams can be pretty terrifying.  And of course if […]

We Are Witnessing A Spectacular Event Of How Incredibly Dense The Population Of Sheep Are.

by onpoint

 

Either we have some incredibly narrow reporting on the part of UK’s Mail Online, or we are witnessing a spectacular event of how incredibly dense the population of sheep are.

MOSCOW (AP) — Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the value of the ruble in recent days.

Russia’s currency has been collapsing 15-20% in […]

Greece Might Be Hit With Cyprus Style Bail-Ins. Euro Crisis Getting Worse. Us Mortgage Applications Declined, A Sign That Real Estate Is Collapsing.

Greece might be hit with Cyprus style bail-ins. Euro crisis getting worse. US mortgage applications declined, a sign that real estate is collapsing. Obama signed the 1.1 trillion spending bill. Russia is opening an investigation into the central bank actions. Corporate media polls show that the America people support torture. Police will be scanning social media sites to predict crime. U.S. and Cuba are reestablishing diplomatic relations. U.S. advisers are […]

Files of More Than 40000 Federal Workers Breached

The computer files of more than 40,000 federal workers may have been compromised by a cyberattack at federal contractor KeyPoint Government Solutions, the second breach this year at a major firm handling national security background investigations of workers at federal agencies, the government confirmed Thursday.

Concerned that some data might have been exposed, the Office of Personnel Management has begun notifying the workers that their files were in jeopardy. Nathalie Arriola, […]

The world hangs on every word uttered by Grandma Yellen as if she controls the world. Why doesn’t the average American see through the smoke and mirrors?

by James Quinn

The world hangs on every word uttered by Grandma Yellen as if she controls the world. Why doesn’t the average American see through the smoke and mirrors? The current monetary policy of the Federal Reserve is beyond ridiculous based upon history and the economic numbers being pumped out by the government. The world is so fucked up and the people so delusional or ignorant, they don’t realize the […]

LA To San Fran In 5 MINUTES? Developers Working On ‘Speed Tube’… Reaches 760 MPH…

PLAYA VISTA (CBSLA.com) — It takes about six hours to drive from Los Angeles to San Francisco – depending on your speed – and more than an hour to fly.

But in the future, the trip may take a matter of minutes.

Designers of the speed tube called Hyperloop say they are one step closer to making that happen.

Tesla founder Elon Musk says the technology is being developed with the help of […]

ATHENS SOURCES: Prime Minister Samaras seeks more aceptable Greek Presidential nomination

BY JOHN WARD

I have to come clean here and say that I am unable to stand up this story in full – but it’s based on two separate Athenian sources I have come to trust.

It seems that the fingernails of Antonikis Samaras are so desperately clinging to power, the New Democracy olive-stone from Kalamata now seeks a “more acceptable” Presidential name, in the hope of winning more MPs round to […]

SOROS MAY BECOME TOP UKRAINE BANKSTER

The State Department installed coup government in Ukraine may soon appoint a top financial kingpin to run its central bank.

The Azerbaijan Press Agency reports today George Soros is at the top of the list.

The information was released by Ukraine’s Channel 112, quoting sources in the Verkhovna Rada, the Ukrainian parliament, and people connected to former confectionary magnate and current president Petro Poroshenko.

In November, Soros penned an op-ed for The New […]

AMAZON Unveils One-Hour Delivery Service

Amazon.com Inc. on Thursday introduced Prime Now, a service in Manhattan promising delivery in as soon as one hour.

The service, first reported by The Wall Street Journal, is available in parts of New York, though Amazon said it would expand to other cities next year. Amazon will charge $7.99 for delivery within an hour, though two-hour delivery is free, according to a statement.

Amazon said more than 25,000 items are eligible […]

Is A Russian Default On The Cards? – Jim Rickards

Jim Rickards, Chief Global Strategist at West Shore Funds, says the Russian central bank may not have enough reserves beyond 2015 to pay off its corporate debts.

The IRS is considering its own temporary shutdown, warns TAX REFUND DELAYS (b/c 3% budget cut). If a 1-day shutdown of the IRS would save $29M, a year shutdown would save $10B. I’m OK with this

The IRS is considering its own temporary shutdown due to recent budget cuts enacted by Congress, its chief said Thursday.

IRS Commissioner John Koskinen said furloughs — forced unpaid days off for employees as part of an IRS closure — is one idea reluctantly being tossed about to save money, though they are hoping they will not have to go there.

“There is no way we can say right now that that […]

Global Financial Calamity! US economic collapse imminent – James Rickards

Bots Outnumber Humans On Web… Neuroscientist Working On Uploading Brain To Computer

BOTS OUTNUMBER HUMANS ON WEB…

Diogo Mónica once wrote a short computer script that gave him a secret weapon in the war for San Francisco dinner reservations.

This was early 2013. The script would periodically scan the popular online reservation service, OpenTable, and drop him an email anytime something interesting opened up—a choice Friday night spot at the House of Prime Rib, for example. But soon, Mónica noticed that he wasn’t […]

Switzerland still holds half of the Dutch gold looted by the Nazis

Nearly half of the gold looted by the Nazis from the Dutch central bank during the Second World War remains to this day in Switzerland, a reminder of the Alpine nation’s controversial role as a financial conduit for Hitler’s regime. About 61,000kg of Dutch war gold, currently value at about €2bn, is believed to be still in Swiss possession.

http://osnetdaily.com/2014/12/switzerland-still-holds-half-dutch-gold-looted-nazis/

California November home sales slowest since November 2007: Year-over-year sales are down 8 percent and market grinds to low volume as year closes.

Apparently home buyers didn’t get the memo about buying California real estate.  November home sales tumbled to their lowest November showing dating back to 2007.  When real estate markets turn, you will always see sales volume dry up first before any price changes.  We are already seeing marginal areas throwing out some properties with lower prices.  The drop in sales volume was to be expected given that investors are largely […]