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Keyword: collapse

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  • "I Don't Trust Deutsche Bank" David Stockman Unleashes Truth Bomb

    02/09/2016 4:33:25 PM PST · by SkyPilot · 7 replies
    Zero Hedge ^ | 9 Feb 16 | Tyler Durden
    "I Don't Trust Deutsche Bank" David Stockman Unleashes Truth Bomb: "When The Crunch Comes, Bank CEOs Lie" Following this morning's proclamation by Deutsche Bank co-CEO John Cryan that Germany's largest bank is "rock solid," David Stockman exposed the ugly truth that everyone appears to have forgotten from just 7 years ago... "in my experience is that when the crunch comes, bank CEOs lie" Stockman details the Morgan Stanley, BofA, Lehman, and Bear Stearns bullshit that occurred before exclaiming... "I don't trust Deutsche Bank. I don't trust what they're saying. And there's reason why the banks are being sold all across...
  • U.S. bank stocks and bonds clobbered by recession worry

    02/09/2016 4:31:58 AM PST · by EBH · 15 replies
    Yahoo Finance ^ | 2/9/2016 | Caroline Valetkevitch and Will Caiger-Smith
    NEW YORK (Reuters/IFR) - U.S. bank stocks and bonds took a pounding on Monday as recession fears compounded concern about their exposure to the energy sector and expectations that global interest rates are unlikely to rise quickly.... Meanwhile, bonds issued by U.S. banks extended their decline, with the yield premium demanded by investors to hold these securities, rather than safer U.S. Treasury debt, climbing to the highest in three-and-a-half years, according to Bank of America Merrill Lynch Fixed Income Index data. "Investors' attitudes seem to be worsening relative to the likelihood of a global recession. I think that's what financials...
  • Day Of Reckoning: The Collapse Of The Too Big To Fail Banks In Europe Is Here

    02/08/2016 6:01:55 PM PST · by SkyPilot · 110 replies
    Economic Collapse ^ | 8 Feb 16 | Michael Snyder
    There is so much chaos going on that I don't even know where to start. For a very long time I have been warning my readers that a major banking collapse was coming to Europe, and now it is finally unfolding. Let's start with Deutsche Bank. The stock of the most important bank in the "strongest economy in Europe" plunged another 8 percent on Monday, and it is now hovering just above the all-time record low that was set during the last financial crisis. Overall, the stock price is now down a staggering 36 percent since 2016 began, and...
  • Tea Party Revolts Against Obama’s Budget as Debt Exceeds $19 Trillion

    02/06/2016 7:08:26 PM PST · by Lorianne · 14 replies
    Fiscal Times ^ | 04 February 2016 | Eric Pianin
    n what appears to be an extraordinary snub of White House budget director Shaun Donovan, the Republican chairs of the House and Senate Budget Committees announced on Thursday they would not host Donovan’s testimony on President Obama’s final budget submission next week. Obama will unveil his fiscal 2017 budget request next Tuesday, just barely meeting the statutory deadline for submitting a new budget to Congress. But Senate Budget Committee Chair Mike Enzi (R-WY) and House Budget Committee chief Tom Price (R-GA) issued a joint statement tonight saying Donovan wasn’t welcome to testify because the administration wasn’t serious about addressing the...
  • Debt, defaults, and devaluations: why this market crash is like nothing we've seen before

    02/06/2016 6:42:17 AM PST · by SkyPilot · 61 replies
    The Telegraph ^ | 6 Feb 16 | Mehreen Khan,
    A pernicious cycle of collapsing commodities, corporate defaults, and currency wars loom over the global economy. Can anything stop it from unravelling? A global recession is on the way. This truism of economics holds at any point in which the world is not in the grips of a contraction. The real question is always when and how deep the upcoming downturn will be. "The crash will come, but it would be nice if it came two years from now", Thomas Thygesen, head of economics at SEB told over 200 commodity investors and analysts in London last month. His audience was...
  • Construction crane collapses in lower Manhattan, killing at least one person

    02/05/2016 6:40:07 AM PST · by SMGFan · 29 replies
    Daily news MSN ^ | February 5, 2016
    One person was killed and another was critically injured when a construction crane tumbled onto a Tribeca street Friday morning, officials said. The crane fell on a row of parked cars when it toppled over on Worth St. near Church St. about 8:30 a.m. as heavy snow fell onto the city. One person died at the scene, officials. A second person was trapped inside a vehicle and was freed by responding firefighters.
  • Venezuela is on the brink of a complete economic collapse

    01/29/2016 5:48:57 PM PST · by NRx · 61 replies
    WaPo ^ | 01-29-2016 | Matt O'Brien
    The only question now is whether Venezuela's government or economy will completely collapse first. The key word there is "completely." Both are well into their death throes. Indeed, Venezuela's ruling party just lost congressional elections that gave the opposition a veto-proof majority, and it's hard to see that getting any better for them any time soon — or ever. Incumbents, after all, don't tend to do too well when, according to the International Monetary Fund, their economy shrinks 10 percent one year, an additional 6 percent the next, and inflation explodes to 720 percent. It's no wonder, then, that markets...
  • PETER SCHIFF: We're Going To Have An Economic Collapse And Negative Rates Before The Election

    01/29/2016 12:01:58 PM PST · by blam · 82 replies
    BI ^ | 1-29-2016 | Bob Bryan
    Bob BryanJanuary 29, 2016 Based on today's GDP release, it appears that the US economy is slowing but not near any sort of massive collapse. Peter Schiff begs to differ. The CEO and chief global strategist for Euro Pacific Capital, and noted perma-bear, said that serious economic destruction is just a few months away. "I think the Fed is going to have negative interest rates before the election because we're going to be in a serious recession," Schiff told Business Insider on Friday. In fact, Schiff said that we may already be in recession and this one is going to...
  • OPEC Economies On Their Last Legs

    01/28/2016 1:08:17 PM PST · by Citizen Zed · 15 replies
    oilprice.com ^ | 1-27-2016 | Euan Mearns
    In November 2014 the OPEC countries met in Vienna and agreed to keep pumping oil to maintain their market share rather than cut production to support the oil price. In a post written a month later I addressed the question of how these countries were positioned to withstand an extended period of low oil prices and high budget deficits. More than a year has now passed, so it's time to take a look at how they have done so far and to see what their actions presage for the future. Results to date: OPEC is known to have suffered economic...
  • Digital Currency: The Key Tool of 21st Century Monolithic Nanny State Tyranny

    01/28/2016 6:57:35 AM PST · by amorphous · 4 replies
    SurvivalBlog.com ^ | 28 Jan 2016
    Digital Currency: The Key Tool of 21st Century Monolithic Nanny State Tyranny   January 28, 2016 - 6:47 am | Current Events & Politics, Economics & Investing There has been talk of doing away with paper currency for several decades, but up until now that has mostly been idle conjecture and mostly bluster. Gradually, however, the building blocks of such a system have indeed been developed. These enabling technologies include: Credit cardsDebit cardsPostal metersCredit and debit card enabled pay phonesCredit and debit card enabled vending machinesCredit and debit card enabled “pay before you exit” parking garage kiosksGrocery and warehouse...
  • Economic Activity Is Slowing Down Much Faster Than The Experts Anticipated

    01/25/2016 5:44:17 PM PST · by SkyPilot · 65 replies
    The Economic Collapse ^ | 25 Jan 16 | Michael Snyder
    We have not seen global economic activity fall off this rapidly since the great recession of 2008. Manufacturing activity is imploding all over the planet, global trade is slowing down at a pace that is extremely alarming, and the Baltic Dry Index just hit another brand new all-time record low. If the "real economy" consists of people making, selling and shipping stuff, then it is in incredibly bad shape. Here in the United States, the dismal economic numbers continue to stun all of the experts. For example, on Monday we learned that the Texas general business activity index just...
  • Saudis 'will not destroy the US shale industry'

    01/24/2016 11:17:44 PM PST · by Cincinatus' Wife · 34 replies
    The Telegraph ^ | January 24, 2016 | Ambrose Evans-Pritchard, International Business Editor, Davos
    "...Daniel Yergin, founder of IHS Cambridge Energy Research Associates, said it is impossible for OPEC to knock out the US shale industry though a war of attrition even if large numbers of frackers fall by the wayside over coming months. Mr Yergin said groups with deep pockets such as Blackstone and Carlyle will take over the infrastructure when the distressed assets are cheap enough, and bide their time until the oil cycle turns. "The management may change and the companies may change but the resources will still be there," he told the Daily Telegraph. "It takes $10bn and five to...
  • Recession Indicators Flashing Red

    01/24/2016 1:37:44 PM PST · by EBH · 29 replies
    Wall Street Journal ^ | 1/24/2016 | Josh Zumbrun
    successfully navigated, global growth could be derailed." Of the warning signs, the decline in U.S. industrial production has one of the best track records. The output from mines, factories and utilities has always begun to decline before recession strikes. "Manufacturing tends to lead the economic cycle and it tends to be an indicator of the swings," said Thomas Costerg, senior economist at Standard Chartered. "Manufacturing is struggling." A strong U.S. dollar and weak economies internationally are taking a toll. But unlike past declines in industrial production, today's decline has been driven primarily by the collapse in the oil industry. The...
  • 'Worse than 2007': Top banker warns of looming wave of worldwide bankruptcies

    01/20/2016 11:44:23 AM PST · by Roman_War_Criminal · 27 replies
    Business Insider ^ | 1/20/2016 | David Scutt
    The world's financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, according to a leading global banker. William White, chairman of the OECD's review committee and former chief economist of the Bank for International Settlements, suggests the stresses in the financial system are "worse than it was in 2007." Speaking with the UK Telegraph's Ambrose Evans-Pritchard before the start of the World Economic Forum in Davos, Switzerland, White warned that macroeconomic ammunition to fight further economic downturns was essentially "all used up."
  • Canadians Panic As Food Prices Soar On Collapsing Currency

    01/13/2016 4:11:35 PM PST · by Kartographer · 148 replies
    Zerohedge ^ | 1/13/16 | Tyler Durden
    The currency's decline is having a pronounced effect on Canadians' grocery bills. As Bloomberg reminds us, Canada imports around 80% of its fresh fruits and vegetables. When the loonie slides, prices for those good soar. "With lower-income households tending to spend a larger portion of income on food, this side effect of a soft currency brings them the most acute stress," Bloomberg continues. Of course with the layoffs piling up, you can expect more households to fall into the "lower-income" category where they will have to struggle to afford things like $3 cucumbers, $8 cauliflower, and $15 Frosted Flakes. Have...
  • When stripper wells are stripped away, oil may rise

    01/12/2016 12:57:29 PM PST · by thackney · 49 replies
    Midland Reporter-Telegram ^ | January 8, 2016 | Collin Eaton
    Crude oil has become so cheap it could speed the oil market to a recovery. U.S. crude plunged on Thursday to a 12-year low, an ominous milestone for Houston's oil hub, which already has shed thousands of jobs in the 19-month oil downturn. With crude now fetching less than $34 a barrel, about half the nation's scattered collection of 400,000 aging, nearly depleted wells may have to be shut in as their product becomes less valuable than their operating costs. Called stripper wells, these produce a negligible amount of oil individually but together account for about a tenth of U.S....
  • Tumbling oil trades below $30 a barrel for first time in 12 years

    01/12/2016 12:38:57 PM PST · by familyop · 13 replies
    Reuters, Yahoo News ^ | Jan 12, 2016 | Catherine Ngai
    NEW YORK (Reuters) - Oil fell briefly below $30 a barrel on Tuesday, extending a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint.
  • Half of US shale drillers may go bankrupt: Oppenheimer's Gheit

    01/11/2016 7:59:35 PM PST · by familyop · 18 replies
    CNBC ^ | Jan 11, 2016 | Tom DiChristopher
    Half of U.S. shale oil producers could go bankrupt before the crude market reaches equilibrium, Fadel Gheit, said Monday...By then it will be too late for many marginal U.S. drillers, who must drill into and break up shale rock to release oil and gas through a process called hydraulic fracturing. Fracking is significantly more expensive than extracting oil from conventional wells.
  • This investor called the financial crisis - and is predicting market falls again

    01/07/2016 4:19:53 PM PST · by SkyPilot · 24 replies
    The Telegraph ^ | 7 Jan 16 | Kyle Caldwell
    Martin Gray, one of a handful of fund managers who made money during the financial crisis, is concerned global equity stock markets are ripe for a fall An investor who delivered a 12.3pc return for investors during the financial crisis despite global stock markets falls has said he is moving into cash again and "cannot help but feel bearish" about shares. Martin Gray, formerly of fund firm Miton but now running his own business, Coram Asset Management, is concerned that "overvalued" stock markets are ripe for a fall. Mr Gray's former fund, Miton Cautious Multi Asset, was one of just...
  • The Ghost Empire - Climate Change, Global Warming, Drought and Desertification

    06/09/2013 7:45:49 AM PDT · by blam · 16 replies
    TMO ^ | 6-9-2013 | Richard Mills
    The Ghost Empire - Climate Change, Global Warming, Drought and Desertification Commodities / Climate Change June 08, 2013 - 07:29 PM GMT By: Richard Mills Drought is a normal recurring feature of the climate in most parts of the world. It doesnt get the attention of a tornado, hurricane or flood. Instead, its a slower and less obvious, a much quieter disaster creeping up on us unawares. Climate change is currently warming many regions, overall warmer temperatures increase the frequency and intensity of heat waves and droughts. We can prepare for some climate change consequences with public education, water conservation...
  • Be Prepared!

    12/26/2015 1:22:24 PM PST · by amorphous · 5 replies
    JSMineset.Com ^ | 26 Dec 2015 | Jim Sinclair
    JSMineset is an educational site which presents information throughout the year for your consideration. The information provided can be about precious metals, the markets, geopolitical events and other topics and articles of general information. Today, I would like to share with you an outline and some suggestions to consider about general emergency preparedness. We have written about getting out of the system (GOTS). Getting out completely isn't possible for most people. Whether you are in the system, and to what degree, and having precious metals isn't going to be enough to keep you safe in an emergency situation. Being prepared...
  • China’s Renminbi Is Approved by I.M.F. as a Main World Currency [Video behind link.]

    11/30/2015 12:48:55 PM PST · by familyop · 34 replies
    New York Times ^ | NOV. 30, 2015 | KEITH BRADSHER
    HONG KONG--The International Monetary Fund on Monday designated the Chinese renminbi as one of the world's elite currencies, a major milestone that underscores the country's rising financial and economic heft. The decision will help pave the way for broader use of the renminbi in trade and finance, securing China's standing as a global economic power. Just four other currencies--the dollar, the euro, the pound and the yen--have the I.M.F. designation...Many central banks follow this benchmark in building their reserves, which countries hold to help protect their economies in times of trouble. By adding the renminbi to this group, the I.M.F....
  • Global Trade In Freefall:

    11/04/2015 2:11:03 PM PST · by amorphous · 38 replies
    Zero Hedge ^ | 4 Oct 201 | Tyler
    Over the past year we have regularly contended that a far greater threat to the global economy than either corporate earnings, currency devaluations, rate cuts (or hikes), reserve outflow, or even the stock market, is the sudden, global trade crunch which has been deteriorating rapidly since late 2014 and has seen an even more dramatic drop off as 2015 is winding down. Actually, that is incorrect: global trade is merely a manifestation of the true state of the above listed items. ... We have in the past joked that the only thing that could possibly save the world from what...
  • Jeb Bush and his family 'are set to attend meeting that will consider the Republican 2016 hopeful's

    10/24/2015 2:07:14 PM PDT · by jimbo123 · 109 replies
    Daily Mail ^ | 10/24/15 | ZOE SZATHMARY
    Jeb Bush and his family 'are set to attend meeting that will consider the Republican 2016 hopeful's finances and his candidacy'. Republican presidential candidate Jeb Bush will reportedly be in Houston, Texas, for a finances meeting. CBS News reported that Bush, along with his brother and both of his parents, are going to be at the Sunday and Monday meeting. The website reported it is 'designed to assess where Bush's candidacy stands in the face of large-scale staff cutbacks and underwhelming poll numbers.'
  • Multiple injuries after massive scaffolding collapse in Houston

    A large amount of scaffolding collapsed Friday outside a building under construction in Houston, causing multiple injuries, a city agency said. Video from the scene showed piles of metal lying on the ground outside a roughly seven-story building. The collapsed scaffolding appeared to cover a large section of a city block. Houstons Office of Emergency Management reported the injures from the collapse, which happened near the corner of Crawford and Preston streets an area not far from Minute Maid Park, the home of Major League Baseballs Houston Astros. People were urged to steer clear of the area so emergency...
  • Unusual happenings with inactive radio stations, signaling something big about to happen?

    10/15/2015 6:33:13 AM PDT · by Enlightened1 · 125 replies
    On SKYKING (8992 or 11175 kHz USB) a call sign called COLLAPSE which has not been heard since 2001 has just broadcasted 4 messages to numbered stations/units in the last few minutes. FUXEBOX and Reykjavik, have also broadcast in the last few days and they havent been heard since 1991 (collapse of the Soviet Union). COLLAPSE has sent 3 messages in the last few minutes. COLLAPSE message one: http://vocaroo.com/i/s1hGyA2GR6HI Collapse message Two: http://vocaroo.com/i/s1ETZ3l9fp0G Collapse message Three: http://vocaroo.com/i/s03ZI6ui70LY Message Four from FLATTOP! (ANOTHER STATION NOT HEARD IN YEARS!): http://vocaroo.com/i/s01smhgkyNDL We do not know what these codes mean, but it considered These...
  • Rand Paul: I Wouldnt Be Doing Dumbass Livestreaming if I Wasnt Still Running

    10/14/2015 7:17:06 PM PDT · by cripplecreek · 42 replies
    Breitbart.com ^ | 14 Oct 2015 | Breitbart TV
    On Tuesday, Sen. Rand Paul, a candidate for the 2016 Republican presidential nomination, took some questions on a livestream about his campaign. One of the questions he fielded was one that was the third-most popular on Google, which was, Is Rand Paul still running for president? Uh, I dont know, Paul replied. Wouldnt be doing this dumbass livestreaming if I werent. So yes, I still am running for president. Get over it.
  • America to Collapse As Dollar Dies: You Cannot Stop What Is Coming

    10/07/2015 10:20:56 AM PDT · by amorphous · 60 replies
    SHTF Plan ^ | 7 Oct 2015 | Mac Slavo
    A collapse is coming but not as quickly as many are expecting. There are many people high up in the power structure who not only see an end to the dollar coming soon, but an economic collapse that could trigger the death of tens of millions of Americans rendered vulnerable by the lack of services and the stopping of checks, and harmed by the resulting looting, starvation and violence that is likely to occur. According to an anonymous source who claims to have high level insider sources, everything from the power grid to the grocery store, to the government...
  • Stage backdrop COLLAPSES on Carly Fiorina in front of screaming crowd but she brushes it off...jokes

    09/27/2015 7:19:20 PM PDT · by sheikdetailfeather · 69 replies
    Daily Mail ^ | 9-27-2015 | Chris Pleasance
    Carly Fiorina narrowly escaped injury this evening after a stage backdrop collapsed on her during a campaign event in San Antonio, Texas. Fiorina, who is ranked third in the Republican Presidential nomination race alongside Marco Rubio, was taking part in a Q&A session for female business owners when the accident happened. Midway through the event at the Marriott Hotel, the stage backdrop, made up of curtains held in place with metal poles, dropped forward to cries from the crowd.
  • China shares lead losses in Asia on growth fears (Shanghai Composite loses 3.55% overnight)

    09/15/2015 2:41:29 AM PDT · by SkyPilot · 2 replies
    CNBC ^ | 15 Sep 15 | Staff
    <p>Chinese shares took another tumble on Tuesday amid persisting worries about the health of the world's second-biggest economy.</p> <p>Other bourses in the region also wobbled as cautious sentiment prevailed ahead of the Federal Reserve's highly-anticipated meeting, alongside other risk events such as a sudden leadership change down under.</p>
  • Hillary addresses a virtually empty room during campaign stop in Ohio

    09/10/2015 11:53:58 PM PDT · by InMemoriam · 27 replies
    Daily Mail ^ | September 10, 2015 | Wills Robinson
    Hillary Clinton made a campaign stop in the crucial swing state of Ohio on Thursday. But it seems the hall she spoke in was mostly empty. The Democratic presidential hopeful arrived in downtown Columbus to talk about women's issues, but only around 200 people showed up. The modest-sized ballroom was half empty for her event, with supporters herded into a cordoned-off area to give the impression of a packed crowd. While pictures taken at the 'Women for Hillary' event show her smiling and giving a thumbs up to those in the crowd, others, including The Washington Post's Karen Tumulty, captured...
  • 698K Native-Born Americans Lost Their Job In August

    09/07/2015 4:55:41 PM PDT · by SkyPilot · 36 replies
    Zero Hedge and Drudge ^ | 7 Sep 15 | Tyler Durden
    698K Native-Born Americans Lost Their Job In August: Why This Suddenly Is The Most Important Jobs Chart After the Fed admitted over a year ago that the US unemployment rate (which in 2012 was supposed to be a rate hike "threshold" once it hit 6.5% and is now at 5.1%) has become irrelevant in a country where a record 94 million people have left the labor force, and with the Fed poised to hike rates even though US hourly wages have not only not increased for the past 7 years, but for the vast majority of the labor force continue...
  • Second Largest US Pension Fund To Sell 12% Of Stocks Holdings In Advance Of "Another Downturn"

    09/05/2015 8:03:02 PM PDT · by SkyPilot · 9 replies
    Zero Hedge ^ | Submitted by Tyler Durden on 09/02/2015 17:49 -0400 | Tyler Durden
    While many continue to debate if what with every passing day increasingly looks like a global recession, one from which the US will not decouple no matter how many "virtual portfolio" asset managers claim the contrary, there are those who without much fanfare are already taking proactive steps to avoid the kind of fallout that the markets have hinted in the past month of trading, is inevitable. Some such as Calstrs: the nation's second largest pension fund with $191 billion in assets (smaller only than Calpers), which as the WSJ reports is "considering a significant shift away from some stocks...
  • Vladimir Putin seeks to dump the dollar in regional trade

    09/02/2015 12:46:19 PM PDT · by Tolerance Sucks Rocks · 22 replies
    The Washington Times ^ | September 1, 2015 | David R. Sands
    Russian President Vladimir Putin has a new target in the revived cold war with Washington the U.S. dollar. The website Russia Today* reported Tuesday that Mr. Putin has drafted a bill to block the use of both the American greenback and the euro in trade between the bloc of countries that used to be part of the Soviet Union, including Russia, Armenia, Belarus, Kazakhstan and Tajikistan. The measure would help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets, the Kremlin said in a...
  • How farmers from rural China bet on the stock market and lost

    08/30/2015 7:02:14 AM PDT · by SkyPilot · 18 replies
    The Washington Post ^ | 29 Aug 15 | Emily Rauhala
    Nobody has seen the village chief. Just months ago, his courtyard home at the edge of the orchard was a makeshift trading floor where local farmers gathered to share tips and track the Shanghai Composite. Now, the gates are closed, a security camera stands watch, and nobody wants to talk about the stock-trading local party secretary. Out for the whole day, ventured a neighbor. Who? said another. Maybe he flew away in a plane, joked a third. It is a scene playing out across China. This spring, the country was gripped by stock fever, a frenzy of borrowing and...
  • It Is Time To Kick Prepping Into Overdrive, Because This Stock Market Crash Is Just The Beginning

    08/25/2015 6:54:50 PM PDT · by SkyPilot · 114 replies
    News with Views, End of the American Dream ^ | 24 Aug 15 | Chuck Baldwin, Michael Snyder
    If you have not been preparing for what is coming, you need to get off your sofa and you need to start prepping right now. Just remember what happened back in 2008. That crisis took most people totally by surprise. Millions of Americans lost their jobs, and because most of them were living paycheck to paycheck, all of a sudden most of them couldnt pay the rent or the mortgage either. Large numbers of families that were once living a comfortable middle class lifestyle suddenly found themselves destitute. Well, this coming crisis is going to be even worse by...
  • Dow, Nasdaq plunge 3% into correction

    08/21/2015 1:18:44 PM PDT · by SkyPilot · 64 replies
    CNBC ^ | 21 Aug 15 | Evelyn Cheng
    U.S. stocks closed deep in the red on Friday as global growth concerns accelerated selling pressure to push the Dow into correction territory. The Dow Jones industrial average closed at session lows, off 531 points and in correction territory for the first time since 2011 as all blue chips declined. The last time the index closed more than 500 points lower was on Aug. 10, 2011. In the last five years, the index has only had four instances with closing losses of more than 400 points. "For investors the momentum and the drive of the market is now lower (than)...
  • S&P erases gains for year as stocks plunge 2% on Fed, growth concerns

    08/20/2015 5:18:45 PM PDT · by SkyPilot · 31 replies
    CNBC ^ | 20 Aug 15 | CNBC staff
    U.S. stocks closed near session lows on Thursday, off more than 2 percent, as investors weighed continued uncertainty about the timing of a rate hike and concerns about global growth headed by slowing in China. The S&P 500 and Dow Jones industrial average both had their worst day since Feb. 3, 2014. "I think the markets are overly pessimistic," said Anthony Valeri, investment strategist at LPL Financial. "I think this sentiment is panicking over news from China, the Fed (and) oil at six-year lows." Weakening in emerging market currencies on the heels of China's yuan devaluation last week added to...
  • Big Stocks Are Last Hope for a Decaying Market

    08/19/2015 7:42:30 PM PDT · by SkyPilot · 23 replies
    Barron's ^ | 19 Aug 15 | stocks, economy, collapse, markets
    Big Stocks Are Last Hope for a Decaying Market The Nasdaq is a dead man walking, small-caps are weak, more stocks are falling than rising in the S&P 500. When considering stock performance, most analysts and money managers and certainly retail investors focus on the twists and turns of the benchmark Standard & Poors 500 index. Beat the S&P 500 and collect a nice check for your investing acumen. In todays market this index is even more important, because it is now the last man standing. I say that even though the Nasdaq is officially in a rising...
  • 12 Signs That An Imminent Global Financial Crash Has Become Even More Likely

    08/16/2015 4:24:40 AM PDT · by SkyPilot · 49 replies
    Economic Collapse ^ | 11 Aug 15 | Michael Snyder
    Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were rattled. The Dow fell 212 points on Tuesday, and Apple stock plummeted another 5 percent. As we hurtle toward the absolutely critical months of September and October, the unraveling of the global financial system is beginning to accelerate. At this point, it is not...
  • China Devalues Its Currency as Economic Slowdown Raises Concerns

    08/11/2015 3:04:44 AM PDT · by SkyPilot · 24 replies
    The New York Times ^ | 10 Aug 15 | NEIL GOUGH and KEITH BRADSHERAUG
    As China contends with an economic slowdown and a stock market slump, the authorities on Tuesday sharply devalued the countrys currency, the renminbi, a move that could raise geopolitical tensions and weigh on growth elsewhere. The central bank set the official value of the renminbi nearly 2 percent weaker against the dollar. The devaluation is the largest since Chinas modern exchange-rate system was introduced at the start of 1994. Chinas abrupt devaluation is the clearest sign yet of mounting concern in Beijing that the country could fall short of its goal of roughly 7 percent economic growth this year. Growth...
  • Hillary Clinton Operatives Bracing For Clinton Collapse

    07/26/2015 5:37:18 AM PDT · by Zakeet · 107 replies
    DC Whispers ^ | July 24, 2015
    Earlier, D.C. Whispers reported on federal investigators request to initiate a full on CRIMINAL investigation into the Hillary Clinton email scandal due, at least in part, to Mrs. Clintons alleged and purposeful destruction of classified material she kept on a private email server. Apparently this development is but one of several now plaguing a Hillary Clinton campaign that has a candidate who often appears lost, confused, tired, and angry. The term Clinton Collapse is apparently an increasingly common one these days for those whose job it is to continue insulating their candidate from media scrutiny and try and push Mrs....
  • Greece is a victim of its own cronyism and corruption

    07/13/2015 3:22:29 AM PDT · by familyop · 9 replies
    The Telegraph ^ | 10 Jul 2015 | Pavlos Eleftheriadis
    Starting in the Eighties populist spending and cronyism became the norm for both main parties, PaSoK and the conservative New Democracy party, which followed Papandreous practices when it returned to power in the 1990s. The civil service became part of the spoils of government. There was no room for universal benefits or long-term strategies of assisting the poor. Everyone was out to secure the best short-term outcome for themselves. The big winners were the public sector unions, the utility companies unions and the professionals: doctors, lawyers, engineers, pharmacists. The economy remained closed and protectionist, working largely for the benefit of...
  • Stewart Rhodes calls for emergency summits by state, in preparation for economic collapse

    07/08/2015 5:49:21 AM PDT · by Whenifhow · 8 replies
    https://www.youtube.com ^ | July 5 2015 | You Tube
    AMERICA RUNNING OUT OF TIME. SUPPORT TEAMS URGED. Albany, NY. June 24, 2015 Founder and Director of Oath Keepers Stewart Rhodes urges all Oath Keeper chapters across the country to hold an Emergency Summit by state, in order to prepare for an economic collapse. 'Assume the worst' and formulate support teams. Food storage the most crucial.
  • Hillary: The Collapse Of The Imperial Candidacy Dick Morris TV: Lunch Alert!

    07/07/2015 10:24:25 AM PDT · by Signalman · 15 replies
    Dick Morris ^ | 7/7/2015 | Dick Morris
    In this video commentary, I discuss how Hillarys campaign signifies the collapse of the imperial candidacy. Tune in!
  • The Greeks should vote no!

    07/04/2015 10:27:15 AM PDT · by Tolerance Sucks Rocks · 61 replies
    The Washington Times ^ | July 2, 2015 | Peter Morici
    Sunday, Greeks should vote “no”!Hellenic voters are being asked whether they accept the terms offered by the European Union, European Central Bank and International Monetary Fund to extend the bailout for Athens‘ troubled finances or give Prime Minister Tsipras a mandate to insist on a better deal.Those conditions include more cuts in government supported pensions, higher taxes and labor market reforms other European governments’ are often not inclined to accept in the conduct of their own affairs.Urging a Yes vote, European leaders and their supporters in private institutions claim more austerity would reinvigorate the Greek economy and permit Greeks to...
  • Progressive Paradise Lost

    07/04/2015 10:07:58 AM PDT · by Tolerance Sucks Rocks · 20 replies
    The Daily Signal ^ | July 1, 2015 | Salim Furth
    It’s a progressive paradise.Public employees get 30 vacation days a year. Anyone who works over eight hours in a day gets paid time-and-a-half. Employees have strong rights.The minimum wage is high: 77 percent of the median wage.Environmental regulations are settled beyond the pressure of local economic interests. The forests and mountains are pristine destinations for ecotourism.Energy costs are kept high, pushing consumption down to a level deemed “socially beneficial”. Utilities have strong public backing and provide jobs to thousands.Union jobs in shipping are protected from outsourcing to cut-rate foreign competitors.The social safety net is buoyant and provides a solid working-class standard...
  • How will the National Socialist Lefts excuse the failure of socialism in Greece?

    07/01/2015 2:37:24 PM PDT · by Voice of Reason1 · 38 replies
    Its axiomatic that when a socialist regime hits the skids, the left will generally try to claim that such regime is right wing somehow. Such claims can and will be completely irrational on their face, but for the national socialist Left its all about talking points and a simplistic ( but superior) mentality that favors headlines and shallow thought on the subject And before you complain that I dare use the word national next to the word socialist I would ask that you please explain in detail (with documentation) Just how in Hades the word national modifies the meaning of...
  • U.S. debt headed toward Greek levels [Psalms 9:17]

    07/01/2015 9:11:48 AM PDT · by Jan_Sobieski · 10 replies
    Washington Examiner ^ | 6/30/2015 | Jason Russell
    United States' projected debt over the next 25 years looks a lot like Greece's over the past 25. With all the chaos unravelling in Greece, Congress would be wise to do what it takes to avoid reaching Greek debt levels. But it's not a matter of sticking to the status quo and avoiding bad decisions that would put the budget on a Greek-like path, because the budget is on that path already. A quarter-century ago, Greek debt levels were roughly 75 percent of Greece's economy about equal to what the U.S. has now. As of 2014, Greek debt...
  • China Makes It Official, Launches The Bank That Humiliated Washington

    06/30/2015 10:22:19 AM PDT · by aMorePerfectUnion · 13 replies
    Zero Hedge ^ | 6-30-15 | Tyler Durden
    In March, China was handed a propaganda coup (to use WSJs words), when the UK decided, in the face of loud protestations from Washington, to support Beijings efforts to launch a new development bank aimed at filling the gaps left by traditional post-war multilateral institutions such as the IMF and the ADB. The US claims it has concerns about governance and adherence to international norms around corruption and environmental protocol, but as even the most casual observers are well aware, the real concern in Washington (and in Tokyo) is that China will use the bank as an instrument of...