Failed Projections Or Just Another Government Lie? You Judge! [View article]
Now all Government projections and "official statistics" are but propaganda designed to create a matrix of deception and delusion that traps a majority of citizens and clouds their reason.
There was never a genuine "run up" nor a real "correction" but egregious market manipulation designed to benefit the few at the expense of the many. Inevitably the perversions and corruption of credit and currency "markets" has now become endemic to equity markets as well. Once financial debasement begins the elites have no incentive and ordinary people no power to end it.
Stocks look to open the week with big gains, S&P 500 (SPY) futures +0.9% and Nasdaq 100 (QQQ) futures +1%. The Nikkei gained 2.7% overnight and Europe is sharply higher as well, the Stoxx 50 +1.6%. [View news story]
This is obviously engineered volatility designed to create trading profits for Wall St at the expense of Main St
Both the sudden rise and sudden fall of the Japanese market are frauds: engineered volatility that benefits the Big Money trading operations. It is not only credit and currency markets that the collusion between Big Government and Big Money has perverted , aided by Big Media, but now also equity markets.
The news from Japan is what it has been for a generation now: inexorable demographic, material and geo strategic decline; a slow, graceful unfolding of a suicide pact between the citizens and the governments of that country.
Asian stocks fall sharply and then recover some but not all of their losses a day or so later. That seems to have been a recurring pattern over the past few weeks since the great global sell-off began and the past couple of days have been no different. Shares bounced back today, helped by decent retail sales data in the U.S. yesterday and a report that the Fed's QE tapering will be so gentle you won't even feel it. Japan (DXJ) +1.9%, Hong Kong (EWH) +0.4%, China (FXI) +0.6%, India (INDY) +1.5%, Australia (EWA) +2%, Philippines (EPHE) +2.1%, Thailand (THD) +3.6%. [View news story]
This volatility is entirely an engineered phenomenon designed to profit inside Big money at the expense of outside small money. Just as Bad governments use currency debasement to engage in mass, repeat, organized theft so Bad Money uses fake volatility and manufactured turbulence.
In its report of quarterly GDP for 1Q13 across the G20 countries, the OECD says that while GDP growth grew slightly in the aggregate (0.7% vs. 0.6% in 4Q12), the actual patterns across the world's 20 largest economies diverge significantly. Four countries' economies moved in the wrong direction - India, China, South Africa and Mexico. GDP continued to contract in France and Italy, though at a slower pace. (PDF) [View news story]
Much of the West is now stagnant and the real purchasing power of most people in West is declining. Only money illusion keeps them from grasping this. The prosperity of the past 20 years was a fraud spawned by unsustainable public debt and by fiat money.
Power Generation Trends: Natural Gas And Coal [View article]
The real secular bull market for US coal is in exports.
Even as natural gas displaces coal as a secular trend in the US; so the displaced coal goes to Europe and displaces Russian natural gas. Moreover India offers US coal a strategic opportunity as its power generation expands and will continue to expand for decades.
India has been grossly incompetent in developing its domestic energy resources and has little choice but to rely on imported coal for power generation for many years.
Annals Of Market Manipulation, FX Edition [View article]
Without consistent manipulation aided and abetted by the systematic perversion of credit markets, by oceans of fake money and bad public debt how would Inside Big Money make vast profits from "trading'?
Engineered volatility is now the norm and financial trading is just another form of repeat organized theft on a global scale. Big Money revels in it; Big Government fosters it and Big Media glorifies it.
European shares (FEZ) follow Asia lower as the great global sell-off continues. "Low volumes and high volatility will remain the order of the day at least until next week's FOMC meeting, with technical considerations set to dominate," says Peel Hunt equity strategist Ian Williams. EU Stoxx 50 -1.3%, London -1%, Paris -1%, Frankfurt -1.7%, Madrid -1.1%, Milan -1%. [View news story]
The asymmetry between inside Big money and outside little money is now so great that global volatility can be manufactured at will by the former to transfer wealth from the outside many to the few.
This is the age of kleptocratic oligarchs in the world and all major economies display very similar traits of concentration of wealth and power.
Byron King: Forget OPEC. North American Energy Plays Bring Profits Home [View article]
The domestic E&P and midstream infrastructure companies are now the single greatest source of net wealth creation in the economy and powerful drivers of real increases in income via the creation of hundreds of thousands(soon millions) of good, real jobs.
Trim Tabs: Almost Every Single Asset Class Is Overvalued [View article]
The vile combination of bad debt and bad money coupled with the massive perversion of credit and currency markets almost always creates bubbles ....although some of these are not real bubbles but merely the resetting of the exchange rates of real assets versus the debasing dollar. There is, for example, no bubble in energy assets or in the stocks of scores of energy companies.
The U.S. Equal Employment Opportunity Commission filed a lawsuit agaisnt BMW (BAMXY.PK) in which it alleges the automaker used criminal background checks in a discriminatory manner. The agency is seeking a court order to force BMW to make changes with its hiring practices. [View news story]
... This from a vast criminal Regime that systematically destroys the personal and property rights of ordinary citizens?
MSCI has cut Greece's classification to emerging market from developed market, making the country the first to suffer such a demotion. MSCI attributed the move to Greece not meeting requirements related to securities borrowing and lending facilities, short selling, transferability and stock-index size. MSCI's decision follows similar action from Russell Investments in March. [View news story]
A more accurate descriptor would be "submerging " market. Emerging markets are net wealth creators; Greece is a net wealth destroyer.
A Record Iron Ore Shipment As Prices And The Australian Dollar Plunge [View article]
Since Australia is mainly a natural resource exporter , the declining domestic purchasing power of the Australian dollar will, in the near term anyway, lead to stronger demand for Australian exports and help that country maintain its market share in iron ore and increase its share in global LNG trade and coal.
The Drag Of Fiscal Policy On The U.S. Economy [View article]
While fiscal and regulatory policies are egregiously bad in the US it is the systematic destruction of personal and property rights for ordinary citizens and small business owners and the criminal concentration of wealth and power that prevents real growth in the productive economy.
Were it not for the remarkable achievements of the oil and gas industry the economy would have no net increases in real jobs for real people. The polity and the economy can become more like Texas and the Southeast and be both prosperous and strong or become more like Bicoastal US and stagnate and Europeanize and become, increasingly, an object of contempt not just for China and Russia but the Global South as well.
Failed Projections Or Just Another Government Lie? You Judge! [View article]
Is The Correction Over? [View article]
Inevitably the perversions and corruption of credit and currency "markets" has now become endemic to equity markets as well. Once financial debasement begins the elites have no incentive and ordinary people no power to end it.
Stocks look to open the week with big gains, S&P 500 (SPY) futures +0.9% and Nasdaq 100 (QQQ) futures +1%. The Nikkei gained 2.7% overnight and Europe is sharply higher as well, the Stoxx 50 +1.6%. [View news story]
Japan: No News Is Bad News [View article]
The news from Japan is what it has been for a generation now: inexorable demographic, material and geo strategic decline; a slow, graceful unfolding of a suicide pact between the citizens and the governments of that country.
Asian stocks fall sharply and then recover some but not all of their losses a day or so later. That seems to have been a recurring pattern over the past few weeks since the great global sell-off began and the past couple of days have been no different. Shares bounced back today, helped by decent retail sales data in the U.S. yesterday and a report that the Fed's QE tapering will be so gentle you won't even feel it. Japan (DXJ) +1.9%, Hong Kong (EWH) +0.4%, China (FXI) +0.6%, India (INDY) +1.5%, Australia (EWA) +2%, Philippines (EPHE) +2.1%, Thailand (THD) +3.6%. [View news story]
Just as Bad governments use currency debasement to engage in mass, repeat, organized theft so Bad Money uses fake volatility and manufactured turbulence.
In its report of quarterly GDP for 1Q13 across the G20 countries, the OECD says that while GDP growth grew slightly in the aggregate (0.7% vs. 0.6% in 4Q12), the actual patterns across the world's 20 largest economies diverge significantly. Four countries' economies moved in the wrong direction - India, China, South Africa and Mexico. GDP continued to contract in France and Italy, though at a slower pace. (PDF) [View news story]
The prosperity of the past 20 years was a fraud spawned by unsustainable public debt and by fiat money.
Power Generation Trends: Natural Gas And Coal [View article]
Even as natural gas displaces coal as a secular trend in the US; so the displaced coal goes to Europe and displaces Russian natural gas.
Moreover India offers US coal a strategic opportunity as its power generation expands and will continue to expand for decades.
India has been grossly incompetent in developing its domestic energy resources and has little choice but to rely on imported coal for power generation for many years.
Annals Of Market Manipulation, FX Edition [View article]
Engineered volatility is now the norm and financial trading is just another form of repeat organized theft on a global scale. Big Money revels in it; Big Government fosters it and Big Media glorifies it.
European shares (FEZ) follow Asia lower as the great global sell-off continues. "Low volumes and high volatility will remain the order of the day at least until next week's FOMC meeting, with technical considerations set to dominate," says Peel Hunt equity strategist Ian Williams. EU Stoxx 50 -1.3%, London -1%, Paris -1%, Frankfurt -1.7%, Madrid -1.1%, Milan -1%. [View news story]
This is the age of kleptocratic oligarchs in the world and all major economies display very similar traits of concentration of wealth and power.
Byron King: Forget OPEC. North American Energy Plays Bring Profits Home [View article]
Trim Tabs: Almost Every Single Asset Class Is Overvalued [View article]
There is, for example, no bubble in energy assets or in the stocks of scores of energy companies.
The U.S. Equal Employment Opportunity Commission filed a lawsuit agaisnt BMW (BAMXY.PK) in which it alleges the automaker used criminal background checks in a discriminatory manner. The agency is seeking a court order to force BMW to make changes with its hiring practices. [View news story]
MSCI has cut Greece's classification to emerging market from developed market, making the country the first to suffer such a demotion. MSCI attributed the move to Greece not meeting requirements related to securities borrowing and lending facilities, short selling, transferability and stock-index size. MSCI's decision follows similar action from Russell Investments in March. [View news story]
Emerging markets are net wealth creators; Greece is a net wealth destroyer.
A Record Iron Ore Shipment As Prices And The Australian Dollar Plunge [View article]
The Drag Of Fiscal Policy On The U.S. Economy [View article]
Were it not for the remarkable achievements of the oil and gas industry the economy would have no net increases in real jobs for real people.
The polity and the economy can become more like Texas and the Southeast and be both prosperous and strong or become more like Bicoastal US and stagnate and Europeanize and become, increasingly, an object of contempt not just for China and Russia but the Global South as well.