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Latest Articles: Business/Finance
August Crash Lows Tested … Bonds Soar … Yen Surges … Oil Plumbs New Depths
Post Date: 2016-01-21 06:35:04 by BTP Holdings
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August Crash Lows Tested … Bonds Soar … Yen Surges … Oil Plumbs New Depths Mike Larson | Wednesday, January 20, 2016 at 4:20 pm Now THAT was ugly. Virtually every market tanked around the world, except for those that surge in times of worry and panic. To briefly recap: The Standard & Poor’s 500 Index knifed through its lows from the August crash at 1,867 earlier today, before staging a partial recovery this afternoon. The Dow Jones Industrial Average and Nasdaq Composite Index also sold off sharply, but didn’t quite get through their intraday August lows at 15,370 and 4,292, respectively. On the other hand, the Dow Transports and Russell 2000 Index bid adieu ...
David Stockman: The Sleepwalkers Awaken
Post Date: 2016-01-21 00:16:30 by Horse
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A host on bubblevision this afternoon noted that the S&P 500 is now down $2 trillion for the year and wondered if his panel could explain “what’s happened since January 1st?” The implication, of course, was that since no new recessions have started—- nor have any new wars been declared, polar glaciers melted or Wall Street banks gone down for the count——that the market’s worst ever start of the year was surely overdone. Maybe it was even BTFD time again. Then again, maybe the outlook is just as bad as it was before January 1st, but that the outlookers have acquired a new outlook. Stated more baldly, perhaps the sleepwalkers have finally awakened. ...
Like sheep to slaughter: You still aren't grasping the systemic risk in the stock market (or else you would have sold everything already)
Post Date: 2016-01-20 19:44:40 by BTP Holdings
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Like sheep to slaughter: You still aren't grasping the systemic risk in the stock market (or else you would have sold everything already) Wednesday, January 20, 2016 by Mike Adams, the Health Ranger (NaturalNews) If you still own stocks and mutual fund shares, you still aren't grasping the systemic risk in the stock market. No matter what you claim to BELIEVE, it is your ACTIONS that actually determine your true grasp of reality. Failing to sell all your stock holdings right now could result in massive losses as the world's bubble markets continue with an implosion that could wipe out 50% of current valuations for many stocks. The massive market bubble currently in place ...
Justice Ginsburg Leads Supreme Court Majority To Deliver Blow To Big Business
Post Date: 2016-01-20 18:47:18 by Ada
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Corporations won't be able to head off class action lawsuits by simply making a money offer to plaintiffs. Justice Ruth Bader Ginsburg wrote the lead opinion in a case that sought to curtail class action lawsuits against corporations. WASHINGTON -- The U.S. Supreme Court on Wednesday issued the first decision in a series of class action cases this term that are widely viewed as attempts by business interests to shut the courthouse door to consumers and everyday plaintiffs. In a 6-to-3 opinion in Campbell-Ewald v. Gomez, a case testing the limits on federal courts considering class-action disputes, the justices ruled that businesses can't just "moot" a case by simply ...
Bitcoin is a failed experiment, says major Bitcoin developer
Post Date: 2016-01-19 20:14:09 by BTP Holdings
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Bitcoin is a failed experiment, says major Bitcoin developer Mike Hearn, a major Bitcoin developer, says the cryptocurrency is a failure on the brink of technical collapse. By Jared Newman |PC World | 15 Jan 16 Fissures in the Bitcoin community appear to be turning to chasms, with one prominent developer abandoning the cryptocurrency for good. Mike Hearn, a longtime developer who often speaks about Bitcoin to the press and in presentations, wrote on Medium that he’s sold all his coins and will no longer participate in development. “What was meant to be a new, decentralised form of money that lacked ‘systemically important institutions’ and ‘too big to ...
Oil Bust Could End Dollar Domination
Post Date: 2016-01-19 10:59:42 by christine
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The US dollar survived the collapse of Bretton Woods in the ‘70s because its use in crude oil transactions made it the king of reserve currencies, but can it survive a collapse of petro dollars? Can the world survive the catastrophic geopolitical consequences that would follow? There is an overriding belief that the U.S. dollar can hold onto its status as the world’s king reserve currency simply because of petro dollars. But in recent years, a serious threat to this system has developed—and the risk of the dollar being dethroned is very real. The U.S. dollar has reigned supreme since the end of WWII, when the Bretton Woods system gave it is initial power. With Bretton ...
The North Dakota Crude Oil That's Worth Less Than Nothing
Post Date: 2016-01-18 09:02:53 by Ada
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General Economic Imagery From North Dakota Ahead Of The Republican Primary Negative energy prices are rare but not unprecedented. Propane traded at a negative value in Edmonton, a key pipeline hub in oil-rich Alberta province, for about three months last year. Photographer: Daniel Acker/Bloomberg Flint Hills values North Dakota Sour crude at -$0.50 a barrel Crude prices based on sulfur content and transport costs Oil is so plentiful and cheap in the U.S. that at least one buyer says it would need to be paid to take a certain type of low-quality crude. Flint Hills Resources LLC, the refining arm of billionaire brothers Charles and David Koch’s industrial empire, said it would pay ...
What Happened to the Wall Street Sheriff?
Post Date: 2016-01-18 07:00:34 by Ada
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Elizabeth Warren is a no-good, stinkin’ fraud. Yes, we’re all familiar with her embellishing her family bloodline by claiming to be a descendant of Native Americans to get favorable treatment as a tenured professor at Harvard Law School. But let’s not focus on her red-skinned fable. Elizabeth Warren has spent her congressional career raging against big-bank bogeymen. She was elected from the People’s Republic of Massachusetts based primarily upon her tough stance against the financial industry. “Wall Street CEOs—the same ones who wrecked our economy and destroyed millions of jobs—still strut around Congress, no shame, demanding favors and acting like we ...
New Stimulus Program Surrenders Your Savings to the Banks
Post Date: 2016-01-18 06:37:58 by BTP Holdings
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New Stimulus Program Surrenders Your Savings to the Banks By Damon Geller We’ve had two epic market collapses in the last 15 years. In response, the Fed desperately tried to prop up the markets by severely cutting interest rates. Cutting rates to zero badly devalued the U.S. currency, sent us spiraling into record debt, and killed savers by lowering the savings rate to zero. But with the global economy still on terribly shaky ground and interest rates already at zero, do the gov’t & banks have any ammo left? Shockingly, yes. Central banks already have plans to impose negative interest rates – in other words, you get taxed on your savings! And in order to prevent you ...
Gulf States Equity Markets Plunge After Iranian Sanctions Lifted
Post Date: 2016-01-18 05:40:25 by Stephen Lendman
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Gulf States Equity Markets Plunge After Iranian Sanctions Lifted by Stephen Lendman Rogue Gulf States Saudi Arabia, Bahrain, Kuwait, Qatar and the UAE are implacable Iranian enemies - notorious for horrific human rights abuses, along with supporting ISIS and other takfiri terrorist groups. On Sunday, their equity markets plunged following international sanctions on Iran lifted, as well as oil prices continuing to fall. Iran able to sell more oil contributes to over-supply in the face of weakening demand. Global economic conditions are precarious at best. Oil contributes over 80% to Saudi and other Gulf states’ revenues. Prices plunged from their all- time high over $147 a barrel ...
Saudi Arabia Is Buying Up American Farmland To Export Agricultural Products Back Home
Post Date: 2016-01-18 03:50:15 by HAPPY2BME-4UM
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Saudi Arabia is Buying Up American Farmland to Export Agricultural Products Back Home Michael Krieger | Posted Saturday Jan 16, 2016 at 9:55 am 53 Comments Just what we need, cornfield crucifixions. Seriously though, this is very troubling. The Saudis are explicitly conserving their own resources at home, while exploiting land and water supplies here in America. CNBC reports: Saudi Arabia and other Persian Gulf countries are scooping up farmland in drought-afflicted regions of the U.S. Southwest, and that has some people in California and Arizona seeing red. Saudi Arabia grows alfalfa hay in both states for shipment back to its domestic dairy herds. In another real-life ...
Iran sanctions: Middle East stock crash wipes £27bn off markets as Tehran enters oil war
Post Date: 2016-01-17 12:13:17 by Ada
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Sanctions on Iran and its oil exports can now be lifted Prospect of the Islamic Republic pumping an additional 500,000 barrels a day sends stock markets in Dubai and Saudi Arabia into tailspin Stock markets across the Middle East saw more than £27bn wiped off their value as the lifting of economic sanctions against Iran threatened to unleash a fresh wave of oil onto global markets that are already drowning in excess supply. All seven stock markets in the Gulf states tumbled as panic gripped traders. London shares are now braced for a second wave of crisis to hit when they open on Monday morning after contagion from China sent the FTSE 100 to its worst start in history last week. ...
Time Is Running Out for the January Barometer
Post Date: 2016-01-17 10:29:19 by BTP Holdings
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Time Is Running Out for the January Barometer Mike Burnick | Thursday, January 14, 2016 at 5:30 am We’d better have a rally soon or we’re in trouble … at least according to one key barometer of the markets. Why am I so nervous so early in the year? Given the facts we have in hand so far in 2016, the historical record provides many clues to the way ahead – and it indicates we’re running out of time. First consider these facts: The New Year swan dive of more than 1,000 Dow points in the first week of this year marks the worst start of ANY year in history for stocks. With 2016 just eight trading days old, the Dow and S&P 500 are already down more than 5%, ...
Obama orchestrated a massive transfer of wealth to the 1 percent
Post Date: 2016-01-17 09:44:44 by Ada
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When people use the term Great Recession, they are playing into the charade laid out by Federal Reserve and the Treasury Department. The years 2008 through 2015 should be known as the Great Fleecing. During that time, the greatest transfer of wealth in the history of the world occurred. Some $4.5 trillion was given to Wall Street banks through its Quantitative Easing program, with the American people picking up the IOU. “If liberals are angry about inequality, they should look no further than President Obama.” This is the primary reason the US economy has not been able to recovery from the bank implosion of 2008. Surely if you inject $4.5 trillion into the economy, you will ...
This is the biggest accounting hoax since Enron...
Post Date: 2016-01-17 06:51:36 by BTP Holdings
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This is the biggest accounting hoax since Enron... Dear Reader, In 1977, before most of today's Wall Street analysts were even born, I was doing complex tax and accounting work at Citibank. Thanks to my accounting background, I've just uncovered the biggest accounting hoax since Enron… One that could wipe out millions of Americans. The fallout will be 525 times bigger than Enron, and is sure to affect all American citizens -- no matter where you live, what you do for a living or how much money you have. The mainstream media could uncover this deception anytime now. Once you hear this story on the evening news, it will be too late for anyone to act. Which is why I've ...
Jim Rickards is predicting a major currency shock as early as next week (even bigger than China).
Post Date: 2016-01-16 11:16:28 by BTP Holdings
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We haven’t received your RSVP. Jim Rickards is predicting a major currency shock as early as next week (even bigger than China). Your stock holdings could be in serious jeopardy. Jim has more details, below… In the meantime, you need to act quickly and RSVP to his FREE live training event scheduled for Monday evening. This may be the one way to prepare for the danger ahead. But your RSVP is still outstanding, and the door is closing tomorrow at midnight. So this is may be your LAST CHANCE to sign up. Click here now to RSVP. Regards, Addison Wiggin Founder, The Daily Reckoning Massive Currency Shock Coming as Soon as Next Week By: Jim Rickards Another surprise attack ...
Message of the Markets: Chickens Coming Home to Roost
Post Date: 2016-01-16 07:29:54 by Stephen Lendman
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Message of the Markets: Chickens Coming Home to Roost by Stephen Lendman Black Friday may be signaling big trouble ahead. What can’t go on forever won’t and never will. Eventually day of reckoning time arrives. Whether now is the moment of truth remains to be seen. Paul Craig Roberts calls the US economy “a house of cards.” Phony government data created “the illusion of recovery.” Monied interests never had it better for years, profiting hugely from Wall Street-orchestrated casino capitalism and manipulated markets, creating an unprecedented, unsustainable wealth effect, an open-ended near zero-interest rate climate money grab - doing nothing to create jobs ...
PANIC!! (Is What We Need)
Post Date: 2016-01-15 21:24:25 by BTP Holdings
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PANIC!! (Is What We Need) Mike Larson | Friday, January 15, 2016 at 4:22 pm No, I’m not yelling “Fire” in a crowded theater with that headline. I’m merely pointing out that the one major missing ingredient to this ugly, nasty start to the year has been panic. Aggressive, unadulterated selling that results from primal fear of losses. Don’t believe me? Then just look at the S&P Volatility Index, or VIX. In August, it soared to more than 53 when the market melted down. In October 2014, it jumped to more than 31. Want to go back even further? In the summer of 2011 when the debt ceiling debacle unfolded, it surged into the mid-to-high-40s multiple times over a ...
Forget $20 - Oil Prices At $8 Per Barrel In Canada
Post Date: 2016-01-15 08:10:08 by Ada
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Where is the cheapest crude oil in the world? And how low can you get that barrel of oil? Canada heavy crude prices slump below $20, lowest in over a decade Reuters Why Canadian Oil Companies Are Doing Better Than You Might Think Motley Fool Oil at $33: how much lower can it go? The price for a barrel of bitumen, the tar-like oil sands that comes from Alberta, fell to just over $8 per barrel this week. That is not a typo. Bitumen traded at $8.35 per barrel on Tuesday. In fact, Amazon.com sells oil drums – just the barrel, not the oil – for $78, almost ten times the cost of the actual bitumen. To be fair, that drum holds 55 gallons instead of the industry-usual 42 gallons. But ...
"Nothing Is Moving," Baltic Dry Crashes As Insiders Warn "Commerce Has Come To A Halt"
Post Date: 2016-01-14 11:55:13 by christine
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The continued collapse of The Baltic Dry Index remains ignored by most - besides we still have Netflix, right? But, as Dollar Vigilante's Jeff Berwick details, it appears the worldwide 'real' economy has ground to a halt!! Last week, I received news from a contact who is friends with one of the biggest billionaire shipping families in the world. He told me they had no ships at sea right now, because operating them meant running at a loss. This weekend, reports are circulating saying much the same thing: The North Atlantic has little or no cargo ships traveling in its waters. Instead, they are anchored. Unmoving. Empty. You can see one such report here. According to it, ...
Proven & Probable David Morgan Pt 2 (silver)
Post Date: 2016-01-10 16:54:51 by BTP Holdings
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Proven & Probable David Morgan Pt 2 silverinvestor.com Published on Jan 8, 2016 Maurice Jackson interviews one of the most respected and trusted names in the Natural Resource Space, David Morgan. Gain a perspective on precious metals, the stock market, and mining companies and how to employ the thesis of each into your portfolio. Please subscribe to this channel and share with your friends--- Youtube: www.youtube.com/user/silverguru Resources: Automatically save in gold and silver. Plus you can make money when you promote buying gold and silver with this affiliate program: www.Silver123.net The Silver Manifesto: Buy the book to enhance your knowledge and investing skill. ...
Proven & Probable- David Morgan Pt 1 (silver)
Post Date: 2016-01-10 16:45:53 by BTP Holdings
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Proven & Probable- David Morgan Pt 1 silverinvestor.com Published on Jan 8, 2016 Maurice Jackson interviews one of the most respected and trusted names in the Natural Resource Space, David Morgan. Gain a perspective on precious metals, the stock market, and mining companies and how to employ the thesis of each into your portfolio. Please subscribe to this channel and share with your friends--- Youtube: www.youtube.com/user/silverguru Resources: Automatically save in gold and silver. Plus you can make money when you promote buying gold and silver with this affiliate program: www.Silver123.net The Silver Manifesto: Buy the book to enhance your knowledge and investing skill. ...
Saudi Arabia considers selling Aramco share
Post Date: 2016-01-10 02:31:41 by Tatarewicz
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PressTV... Saudi Arabia announced on Thursday that it is considering to sell shares in the state-owned oil giant Saudi Aramco. Saudi deputy crown prince Mohammed bin Salman has told The Economist that a decision to the same effect will be made within the next few months. "Personally I'm enthusiastic about this step. I believe it is in the interest of the Saudi market, and it is in the interest of Aramco, and it is for the interest of more transparency, and to counter corruption, if any, that may be circling around Aramco," said the prince. Saudi Aramco is the world's largest oil company in terms of crude production and exports. The decision to sell the company comes ...
Stockman: Only 11,000 Jobs Last Month, Not 292,000
Post Date: 2016-01-09 18:15:04 by BTP Holdings
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Stockman: Only 11,000 Jobs Last Month, Not 292,000 Image: Stockman: Only 11,000 Jobs Last Month, Not 292,000 (Getty Images) By David Stockman | Saturday, 09 Jan 2016 01:07 PM Here’s a newsflash that CNBC didn’t mention. According to the BLS, the US economy generated a miniscule 11,000 jobs in the month of December. Yet notwithstanding the fact that almost nobody works outside any more, the BLS fiction writers added 281,000 to their headline number to cover the “seasonal adjustment.” This is done on the apparent truism that December is generally colder than November and that workers get holiday vacations. Of course, this December was much warmer, not colder, than ...
Last Night at Janet Yellen's...
Post Date: 2016-01-09 10:29:31 by BTP Holdings
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“Oh, no, what have I done?!” At around 3 this morning, Janet Yellen was jolted out of a terrible nightmare. Her heart was ‘thump-thumping’ away like boots in a dryer. Her breath was a mile a minute, and as shallow as her mind. Icy sweat poured off her in streams... “I’m just a nice Jewish girl from Brooklyn. How’d I get myself into this mess?” We’ve often wondered the same. And boy, Janet’s December rate hike has really flustered the fish! This week was the Dow’s worst to open a new year… ever. The thing puked up about 900 points on the week. No wonder she can’t sleep. Did her rate hike trigger the demise of “the era ...
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