PIMCO’s Bill Gross – Dow 15,000: Don’t Fight the Fed, But Be Afraid
It’s hard to know what to make of this week’s record Dow performance except to say, “Don’t fight the Fed.” More than four years after the peak of the financial crisis, quantitative easing—the Federal Reserve strategy of buying up assets like bonds and mortgage-backed securities in order to goose the economy – is still going strong, and so is the [...]
Video footage allegedly showing Kindergarten-aged children firing an arsenal of heavy firepower at a terrorist training camp in Pakistan’s tribal area has surfaced online.
Young children garbed in shalwar kameez can be seen lined up in neat rows, straining under the recoil as they fire semi-automatic pistols.
Moments later, footage shows a kneeling child who is dwarfed by his AK47. The boy struggles with all of his might to pull back the [...]
ECB prepared to let Cyprus go, protect others
20 Mar, 2013, 10.19PM IST
FRANKFURT: The European Central Bank is prepared to cut off funding to Cyprus and let the Mediterranean island succumb to financial meltdown if it has to, confident it has unlimited firepower to protect the rest of the euro zone.
Cyprus propelled the 17-nation bloc into uncharted waters on Tuesday by rejecting a proposed levy on bank deposits as a condition [...]
February 4th, 2013
Speculation abounds surrounding the 2 billion rounds of ammunition purchased by the Department of Homeland Security and other national alphabet agencies in recent years. Moreover, as the White House and their cohorts in Congress contemplate the disarming of American citizens, the very assault weapons purported to be so dangerous in the hands of law abiding gun owners are being purchased in mass quantities by local and federal law enforcement agencies.
So what is the [...]
If only American soldiers in Afghanistan were unemployed Democratic voters in Chicago, then they might be getting three square meals a day from the government.
But the military is the one place that Obama feels comfortable slashing expenses. While spending at an uncontrollable rate unseen since the last days of the Roman Empire in every other area, Obama has been cutting “waste” in the military like 20,000 Marines, Tricare healthcare for [...]
This video shows why gun owners do not agree with the assault weapons ban…it makes no sense at all! It is just an excuse to begin banning guns…plain and simple.
If the colonists had been limited to crossbows that they had registered with the king’s government in London, while the British troops used gunpowder when they fought us here, George Washington and Jefferson would have been captured and hanged.
We also defeated the king’s soldiers because they didn’t know who among us was armed, because there was no requirement of a permission slip from the government in order to exercise the [...]
Enhanced firepower sought to fend off ‘radiological sabotage’ at nuclear sites
The Nuclear Regulatory Commission is moving forward with plans to outfit security guards protecting spent fuel storage sites at power plants with machine guns and other high-capacity weapons.
A supplemental proposed rule to be published Thursday in the Federal Register amends a 2011 regulation giving personnel at the sites “an expanded arsenal of weapons, including machine guns and semi-automatic, large capacity, [...]
This is getting even more serious by the minute!
Israel blames Iran for Gaza terror
Israel points finger at Islamic Republic for arming, subsidizing Gaza terror organizations
Published: 11.19.12, 18:27 / Israel News
For the first time since the beginning of Operation Pillar of Defense, Israel has placed the blame on Iran for all aspects of weapons’ smuggling to the Gaza Strip.
The Prime Minister’s Office’s public relations unit said that, “Gaza is Iran’s [...]
PRINCE Harry has returned to the Afghan frontline to battle the Taliban as an Apache helicopter pilot.
The royal, 27, touched down today and will spend more than four months in Helmand.
The deployment — which Harry has dreamed of since qualifying in February — will cover his 28th birthday and Christmas.
He now has his finger on the trigger of an awesome arsenal of firepower including Hellfire missiles and a 30mm cannon [...]
Sep. 7, 2012
Markets are loving the ECB’s new bond-buying plan announced yesterday. Many Wall Street strategists have expressed cautious optimism since ECB President Mario Draghi revealed the details of the rescue program designed to bring government borrowing costs down in Italy and Spain.
Morgan Stanley rates strategist Laurence Mutkin is one of them – at least, for now. In a note today titled OMT – OMG!, Mutkin wrote that the ECB’s new plan provided “ample [...]
by Phoenix Capital Research
Swing by www.gainspainscapital.com for more market commentary, investment strategies, and several FREE reports devoted to help you navigate the coming economic and capital market changes safely.
The stock market is closed today for Labor Day.
A few thoughts on the preceding week:
The US Federal Reserve disappointed in a big way during its annual Jackson Hole meeting. It was in 2010 that Fed Chairman Ben Bernanke hinted at QE 2, which kicked off [...]
SEPTEMBER 12TH…THIS IS THE MOST IMPORTANT COURT CASE YOU WILL SEE…WHAT IS DECIDED HERE HOLDS UP OR DESTROYS THE EURO…THE GERMAN COURT TO DECIDE WHETHER IT IS LEGAL FOR GERMANY TO BAILOUT THE REST OF EUROPE. IF THEY RULE NO..THE EURO WILL CRASH AND THE US DOLLAR WILL BE HIT SHORTLY AFTER. I HOPE GERMANY SAYS NO! LET THIS FINANCIAL PYRAMID SCHEME FALL ONCE AND FOR ALL SO WE CAN [...]
Comments made by ECB President Mario Draghi at his August 2 press conference have given European markets a major lift, while reducing borrowing costs in Spain and Italy.
It took awhile for the market to come to a conclusion on what Draghi’s message was, but by the following day, the gist was basically this: If countries in Europe make a commitment to reform, the ECB will commit to reducing borrowing costs.
Today King World News is pleased to share with its global readers the investment recommendations of 40 year veteran Don Coxe. Coxe believes, “This schizophrenic period of gold and gold stock valuation is unsustainable.” He feels very strongly that “Investors need to invest where the demand is—and will be for coming decades.”
Coxe, who is Global Strategy Advisor to BMO ($538 billion in assets), also warned, “We remain of the view that [...]
The European rescue fund ESM should be capable of following the will of the leading euro-zone countries apparently unlimited credit at the Federal Reserve ECB. According to the “Süddeutsche Zeitung”, the fund would get to a bank license. Federal government and the Bundesbank reject the advance.
The ESM should be allowed to stock up at the ECB with unlimited credit
The ESM should be allowed to stock up at the ECB with [...]
The euro jumped and European shares turned higher today after a European Central Bank policymaker said there were reasons to boost the firepower of the euro zone’s new bailout fund to tackle the region’s deepening debt crisis.
Governing council member Ewald Nowotny said there were arguments for giving Europe’s permanent rescue fund a banking licence which would allow it to borrow unlimited ECB money, an idea that the central bank has [...]
Today MEP (Member European Parliament) Nigel Farage gave King World News an extraordinary interview. Farage told KWN, “As we speak we’re doing this interview live, the Spanish 10-Year bonds are trading back over 7% again. Nothing has been solved.” Farage also said, “But the other point that I was making this week was that this bailout fund, this European Stability Mechanism, which is supposed to have firepower of up to 700 [...]
“We now perceive the eurozone crisis as a long-term threat to the South Korean economy,” says the finance minister. “We need to store up enough fiscal measures to endure this long journey.”
South Korea indicated that it’s preserving fiscal firepower for worsening economic conditions after Europe’s debt crisis triggered a cut to the nation’s growth forecast.
The government’s 8.5 trillion won ($7.4 billion) of economic support measures announced yesterday, including assistance [...]
From Citi’s Willem Buiter…
After Spain’s still-to-be-finalised euro area bank bail-out, we expect it to be in a troika programme with sovereign conditionality, quite possibly soon.
After Spain’s bank bail-out, Cyprus or Italy will be the next euro area countries to apply for a troika bail-out, in our viewWe believe the need for a sovereign bail-out for Spain and Italy will be driven by a lack of affordable access to market funding and [...]
Suggestions by former prime minister Silvio Berlusconi that Italy could benefit from leaving the euro have been flatly rejected by the technocrat government that replaced him last November as well as business leaders.
Mr Berlusconi, whose centre-right party is the largest in parliament but has been hammered in local elections and opinion polls, said on Wednesday that if “Berlin keeps insisting on its negative positions?.?.?.?then it could happen that individual countries could [...]
by Phoenix Capital Research
As I’ve assessed in earlier pieces, neither the Fed, nor the IMF, nor the EFSF, nor the ECB has the firepower or the political backing to prop up Spain or the EU.
This ultimately leaves the ESM, the permanent European Stability Mechanism… which technically doesn’t even exist yet (it’s supposed to be ratified by July 2012).
That’s right… the bailout fund which is meant to SAVE Europe doesn’t even exist yet. And [...]
ATHENS—Greeks began voting Sunday in crucial national elections that are widely seen as a de facto referendum on the country’s future inside the euro, the outcome of which risks setting off a new bout of panic in global financial markets already frayed by Europe’s two-year-long sovereign debt crisis.
At stake isn’t just control of Greece’s 300-member parliament but potentially the fate of Europe’s fragile 17-member currency bloc. The raging crisis has [...]
he Bank for International Settlements (BIS) said cross-border loans fell by $799bn (£520bn) in the fourth quarter of 2011, led by a broad retreat from Italy, Spain and the eurozone periphery.
Lending to banks in the eurozone fell $364bn or 5.9pc, with drastic reductions of 9.8pc in Italy and 8.7pc in Spain.
The BIS’s quarterly report said the decline in lending was “largely driven by banks headquatered in the euro area facing [...]
Investors are excused if they’re experiencing a strange case of déjà vu.
Here we are again, staring down scary European headlines, a sagging equities market and wilting investor confidence. These days, it seems like this happens every few months or so.
It is quite hard to look away. Greece seems poised to leave the eurozone after elections next month, exposing the rest of Europe to a number of evils—contagion, recession and [...]
We have half joked about this on Friday after a ton of the Facebook traded around its IPO price of $38 and no doubt many of the shares came back to the Street. Oliver Stone couldn’t write a better script.
Far fetched and unlikely as it is, but imagine a scenario where the leads of the Facebook IPO take down so much stock trying to protect the $38 syndicate price it puts them at risk. The markets [...]
A weekend gun buyback event in Los Angeles has yielded some unexpected weaponry, including a pair of rocket pistols and a military rocket launcher – sans rocket – that were turned in for gift cards.
Los Angeles Police Department Chief Charlie Beck and Mayor Antonio Villaraigosa displayed the 1,673 firearms that were brought in during the fourth annual buyback, among them rifles, handguns, shotguns and assault weapons.
As part of the program [...]