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From Kimble Charting Solutions: While the world often keeps its eye on the S&P 500, the Wilshire 5000 is a much broader index, reflecting a story of how large and small cap stocks are doing. The Wilshire 5000 faced two resistance lines recently, created off several key highs and lows over the past 13 years. The Wilshire 5000 over the past two weeks broke above… Read full article… From All Star Charts: I think it’s important to put things into perspective as often as we can. Where has the money been flowing so far this year? We know that within the United States, defense has been the key: Healthcare, Staples and Utilities. But what about the rest of the world? Today’s chart of the day compares the U.S. to other regions around the Globe. I think it’s clear that… Read full article… A Ministry of Foreign Affairs (MFA) “urgent bulletin” being sent to Embassies around the world today is advising both Russian citizens and companies to begin divesting their assets from Western banking and financial institutions “immediately” as Kremlin fears grow that both the European Union and United States are preparing for the largest theft of private wealth in modern history. According to Kremlin sources, though, President Obama’s sudden visit to Israel this [...] Citigroup CEO Michael Corbat discussed compensation, growth and underperforming assets with Bloomberg TV’s Erik Schatzker at the World Economic Forum in Davos. Corbat said that he expects the environment for investment banking will remain “challenging” and weigh on compensation. Corbat said: “People recognize the times we are in, these are challenging times…Things will remain challenging going forward for a period of time. Our people recognize that.” He also said: “I think [...] LONDON, JAN 18: New astonishing pictures by the European Space Agency have revealed a 1500 km long and 7 kilometre wide river that once ran across Mars. The agency’s Mars Express imaged the striking upper part of the remnants of Reull Vallis river on Mars with its high-resolution stereo camera, ESA said in a statement. New analogies are giving planetary geologists tantalising glimpses of a past on the Red Planet not too dissimilar [...] By Michael Once upon a time, Detroit was one of the greatest cities in the entire world. Today, it has become a desolate wasteland where the lawless reign. Once upon a time, Detroit was a teeming metropolis of about 2 million people. Today, it has become a rotting war zone with a population that is down to about 700,000. Once upon a time, Detroit was known for good paying manufacturing jobs [...] From Alex Daley, Chief Technology Investment Strategist, Casey Research: Genome sequencing has gone from a cost of $3 billion to $10,000 – within just nine years, says Alex Daley, Chief Technology Investment Strategist at Casey Research. And that’s only one example of how fast new technologies are now being implemented and made affordable to the public. Watch this eye-opening speech from the just-concluded Casey/Sprott Summit to find out where today’s and tomorrow’s big [...] In the days of the Soviet Union a tourist in Moscow could pay for his or her entire trip by selling a suitcase full of smuggled Levi’s jeans. Now, one could make substantially more sneaking a handbag full of the latest Apple products into Russia. In this image conscious city, where Bentleys are so common that many owners simply curb park them, plenty of people are willing to plunk down some [...] Hyperinflationary episodes have appeared several times over the past century – 55, to be exact – as the world’s nations have experimented with fiat currencies backed by the full faith and credit of the governments that issue them.At times, that full faith and credit has been misplaced – and holders of unstable currencies have been caught empty-handed in countries all over the world. Often, this is can be a recurring theme among developing [...] From clevelandleader: A black Islamic flag is currently flying over the U.S. embassy in Tunisia after it had been stormed by an angry mob of protesters, who were upset over an anti-Islam film that was made by Americans. This is just one of many incidents occurring around the world today, in which Americans are being targeted. … Despite the near multi-year record highs in stock indices, which have typically correlated tick-for-tick with the-wealthy-people’s view of the world, today’s Bloomberg Consumer Comfort index sub-data has a rather nasty surprise in its tail. Those earning over $100k, the highest bracket interviewed in their survey, saw their ‘comfort’ plunge to its lowest of the year – massively diverging from the incessant rise in equity markets (and its supposed ‘wealth effect’ transmission channel).
This is [...] From Bloomberg: Federal Reserve Bank of Chicago President Charles Evans urged easier monetary policy around the world, including in China, to guard against economic shocks, broadening his call for more stimulus in the U.S. “I don’t need to see any more data to know that I think we should have more accommodation,” Evans said to reporters today in Beijing, referring to the U.S. “I certainly would applaud anybody who takes action in order to strengthen their [...] Known as ‘Bok-Nal’, South Koreans eat dog meat during the hottest days of summer because they believe it increases their stamina Animal rights activists staged international protests against the tradition The South Korean belief that eating dog helps beat the heat in the summer months has angered animal rights [...] KWN With stock markets trading in the red around the world, today King World News interviewed 40 year veteran, Don Coxe. Coxe told King World News, “The situation (in Europe) has gone from worse to truly awful in the last week.” He also warned that “… by the end of the summer we might be facing two of the PIIGS going into default.”
Coxe, who is Global Strategy Advisor to BMO ($538 billion in [...] Last month the United Nations Office on Drugs and Crime (UNODC) released it’s World Drug Report 2012. We covered where drug use is rising, the top marijuana-using countries and the countries with the highest prevalence of cocaine-users around the world. Today the UNODC launched a new awareness campaign about global organized crime, and the video below breaks down how transnational organized crime makes about $870 billion per year. The video doesn’t cover all $870 billion but does highlight major sources of illicit funding such as [...] KWN
With remarkable precision, Michael Pento correctly predicted that there would be central bank fireworks in hisKWN July 4 piece. The world immediately witnessed a series of major moves by central banks around the world. Today Michael Pento, of Pento Portfolio Strategies, writes exclusively for King World News to put global readers ahead of the curve, once again, on the next major move by central planners.
Pento is now calling for another [...] KWN
With tremendous volatility in global markets around the world, today King World News interviewed Ben Davies, CEO of Hinde Capital. Davies told KWN, “it would have been lovely to have had an extreme event happen so that we get to the end of this process.” Here is what Davies had to say about what is taking place: “I think the mini-boom that we had in the nominal gold price, up to [...] KWN
With mounting fears regarding escalating bank runs around the world, today King World News interviewed James Turk out of Europe. Turk told KWN, “I think people should be worried because many banks around the world are largely insolvent.” Here is what Turk had to say about the accelerating crisis: “The key driver of course is the economy. Unemployment is still growing in most places around the world. The European economy, in nearly [...] I remember seeing pictures of child miners in old pictures from the late 1800s, early 1900s. Then of course, I did some searching because I recall that child labor is still common in the world today… In Northeast In India Coal Towns, Many Miners Are Children (May 15, 2011) kingworldnews
With so much fear and uncertainty in markets around the world, today King World News reached out to Ben Davies, CEO of Hinde Capital. Davies told KWN that “Bank capital is scarce” and “the ECB will react with a 3rd LTRO as their is no alternative for them.” He also said, “the FED will power up the US dollar Swap lines.” Davies also discussed gold, but first, here is what [...] From Natural News: Unless the rice you buy is certified organic or comes specifically from a farm that tests its rice crops for genetically modified (GM) traits, you could be eating rice tainted with actual human genes. The only known GMO with inbred human traits in cultivation today, a GM rice product made by biotechnology company Ventria Bioscience is currently being grown on 3,200 acres in Junction City, Kansas – and possibly elsewhere – and [...] “The big banks are buying up what they call fixed income instruments (bonds and other debt backed paper) and at the same time offering CDS insurance on the same. Just like they bought and sold protection on mortgages…” This is a fairly good description of why the policies of Bush and Obama have failed to effect an economic recovery. The policy of ‘saving the banks’ first and foremost, and of stuffing them [...] The economy is falling apart, the fabric of society is starting to come apart at the seams, war in the Middle East could erupt at any moment and the planet itself is shaking in unprecedented ways. All you have to do is look at a population chart to realize that we are living during an absolutely unprecedented time…. Back in 1800, there were about 1 billion people in the world. Today, there are about 7 billion. Do [...] by Simone Foxman In an hours-long interview with CNBC this morning, Warren Buffett admitted that his biggest fear for the U.S. economy is not growth, public debt, Europe, or any of the many threats that generally top economists’ worry lists. It’s actually a nuclear, biological, or chemical attack. Even so, an American baby is probably the luckiest person in the world today. From the interview: CNBC’s Becky Quick: Overall you are very optimistic about the future not only of [...] by The Economic Collapse The global financial system is not a game of checkers. It is a game of chess. All over the world today, news headlines are proclaiming that this new Greek debt deal has completely eliminated the possibility of a chaotic Greek debt default. Unfortunately, that is simply not the case. Rather, the truth is that this new deal actually “sets the table” for a Greek debt default. When I [...] by The American Dream Are we raising the stupidest generation in American history? The statistics that you are about to read below are incredibly shocking. They indicate that U.S. high school students are basically as dumb as a rock. As you read the rest of this article, you will be absolutely amazed at the things that U.S. high school students do not know. At this point, it is really hard to argue [...] Benjamin Franklin was already an elder statesman at the time of the American Revolution. And his years had certainly brought him wisdom, for he knew of the Jews’ nature, and he had the courage to warn his fellows about them. Benjamin Franklin’s warning to the Constitutional Convention in 1789 concerning the Jews has been called a marvel of prophecy. But, really, Franklin was only giving voice to an opinion, informed [...] |
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