We, the public, have been visiting Peter Jackson’s cinematic Middle-earth on and off for 14 years. But Mr. Jackson has been immersed in the process of adapting author J.R.R. Tolkien’s fantastical world for the better part of the last 18 years, since he first convinced Hollywood to trust his vision […]
The US Senate has pushed back a vote on a $1.1tn (£700bn) budget to Monday, after the bill cleared the House of Representatives in a close and contentious vote.
While it may seem like the crisis is dragging on, it’s important to remember that it took nearly half a century to free Eastern Europe. Those countries are now the economic engines of Europe. It’s only a matter of time before Ukraine, a country of over 40 million hard working and highly skilled people, becomes one as well.
Courtesy of the Cronybus(sic) last minute passage, government was provided a quid-pro-quo $1.1 trillion spending allowance with Wall Street’s blessing in exchange for assuring banks that taxpayers would be on the hook for yet another bailout, as a result of the swaps push-out provision, after incorporating explicit Citigroup language that allows financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp, explicitly putting taxpayers on the hook for losses caused by these contracts. Recall:
Five years after the Wall Street coup of 2008, it appears the U.S. House of Representatives is as bought and paid for as ever. We heard about the Citigroup crafted legislation currently being pushed through Congress back in May when
In 2015, cloud technology will go beyond tech geeks and become a true revolution for the rest of us.
We leave it to Jack to explain what happened this week…
Quite a week!!
WTI's 2nd worst week in over 3 years (down 10 of last 11 weeks) Dow's worst worst week in 3 years Financials worst week in 2 months Materials worst week since Sept 2011 VIX's Biggest week since Sept 2011 Gold's best week in 6 months Silver's last 2 weeks are best in 6 months HY Credit's worst 2 weeks since May 2012 IG Credit's worst week in 2 months 10Y Yield's best week since June 2012 US Oil Rig Count worst week in 2 years The USDollar's worst week since July 2013 USDJPY's worst week since June 2013 Portugal Bonds worst week since July 2011 Greek stocks worst week since 1987
Some serious intraday volatility this week as hope kept shining through but in the end, reality won. Despite spiking euphoria among US Consumers, concerns over Greek elections, Japanese elections, the GDP-plunge-driven collapse in oil prices (with neither OPEC nor non-OPEC willing to blink yet on cutting production), and contagion to high-yield finallly caught up with stocks after they blindly followed the mainstream media narrative that low oil prices are unequivocally good for every muppet.
First things first… 2014 so far… “why would you buy a Treasury bond when you can buy stocks with dividends?”
At the moment election campaigns are being carried out in Japan for the upcoming national election on Sunday, December 14th. As we have been repeatedly told by Prime Minister Shinzo Abe, the election is about the survival of Abenomics, which consists of three “arrows”: bold monetary policy, flexible fiscal policy, […]
When many people hear the word trend, their mind first goes to fashion. Even though the cultural phenomena that I like to call Future Headlines exist in every discipline, many of us don’t recognize them as trends. A suddenly popular food, like the dressed-up biscuits that are the latest “it” […]
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
Decency, security, and liberty alike demand that government officials shall be subjected to the same rules of conduct that are commands to the citizen. In a government of laws, existence of the government will be imperiled if it fails to observe the law scrupulously. Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. To declare that in the administration of the criminal law the end justifies the means — to declare that the government may commit crimes in order to secure the conviction of a private criminal — would bring terrible retribution. Against that pernicious doctrine this court should resolutely set its face.