|
Latest Articles: Business/Finance
What If The "Crash" Is as Rigged as Everything Else?
Post Date: 2015-08-27 11:33:59 by christine
3 Comments
Take your pick--here's three good reasons to engineer a "crash" that benefits the few at the expense of the many. There is an almost touching faith that markets are rigged when they loft higher, but unrigged when they crash. Who's to say this crash isn't rigged? A few things about this "crash" (11% decline from all time highs now qualifies as a "crash") don't pass the sniff test. Exhibit 1: VIX volatility Index soars to "the world is ending" levels when the S&P 500 drops a relatively modest 11%. The VIX above 50 is historically associated with declines of 20% or more--double the current drop. When the VIX spiked above 50 in 200 ...
Differing Views on China
Post Date: 2015-08-27 09:14:22 by Stephen Lendman
0 Comments
Differing Views on China by Stephen Lendman Ignore demagogues like Donald Trump claiming “China is taking our jobs…taking our money… They’ll take us down.” Gerald Celente issued a “trend alert” headlined “Market Mayhem: Don’t blame China - It’s the (global) economy, stupid.” China is far from blame-free. Celente calls its economy “the canary in the collapsing global-equity mine.” He forecasts markets plummeting by yearend. Chickens are coming home to roost. Current market turbulence is “more than a…correction,” he stresses. “It’s a global recession” - how severe remains to be seen. The ...
It's Official: China Confirms It Has Begun Liquidating Treasuries, Warns Washington
Post Date: 2015-08-27 08:42:43 by HAPPY2BME-4UM
4 Comments
On Tuesday evening, we asked what would happen if emerging markets joined China in dumping US Treasurys. For months we’ve documented the PBoC’s liquidation of its vast stack of US paper. Back in July for instance, we noted that China had dumped a record $143 billion in US Treasurys in three months via Belgium, leaving Goldman speechless for once. We followed all of this up this week by noting that thanks to the new FX regime (which, in theory anyway, should have required less intervention), China has likely sold somewhere on the order of $100 billion in US Treasurys in the past two weeks alone in open FX ops to steady the yuan. Put simply, as part of China's devaluation ...
THE MAO APPROACH TO MELTDOWN - China Loses All Control: Arrests Journalist, Financial Executive Over Market Crash
Post Date: 2015-08-26 08:42:59 by HAPPY2BME-4UM
3 Comments
For two months, China has been on a quest to control both the stock market itself and the narrative around the stock market. After an unwind in the CNY1 trillion back alley margin lending complex sparked a late June selloff, China cobbled together a plunge protection team run by China Securities Finance (an arm of CSRC) and began intervening in the market. That effort has cost an estimated CNY900 billion so far. On July 20, Caijing magazine suggested that CSF was setting up to scale back the market interventions which many believed had kept the SHCOMP from collapsing altogether. Here's what happened next: That suggestion caused futures to slide in China and in short order, the ...
Misguided Calls for More QE
Post Date: 2015-08-26 06:06:42 by Stephen Lendman
2 Comments
Misguided Calls for More QE by Stephen Lendman Former US Treasury Secretary Larry Summers and other US financial community members urge more money printing madness - duplicitously suggesting current market turmoil conditions warrant it. Reckless monetary policy instituted by the Fed and other major central banks bears full responsibility for what’s unfolding - how severe for how long remains to be seen. More on what Summers said below. Three rounds of Fed quantitative easing (QE) did nothing to create jobs or put money in the pockets of ordinary people who spend it, generate economic growth and create a virtuous circle of prosperity lifting all boats equitably. Just the opposite. ...
Russia removes foreign detergents from shops, citing risks
Post Date: 2015-08-26 05:06:28 by Tatarewicz
0 Comments
MOSCOW (AP) — Russian authorities have begun to remove foreign brands of detergents from stores, claiming that they pose health risks. Click for Full Text!Poster Comment:Alyssa Ingalls... Finally someone is doing something about products that are causing a lot of medical problems for others. I am very picky when it comes to detergents to wash my clothes and soaps to wash my body with. I use a pure and natural soap "African Black Soap" that does not dry out your skin or hair. It smells so nice and clean and doesn't leave any residue on your body either like other soaps do that are sold on the market. 4-7 Goran Well of course they've found high levels of toxic ...
China stock market panic shows what happens when stimulants wear off
Post Date: 2015-08-25 17:08:35 by BTP Holdings
0 Comments
China stock market panic shows what happens when stimulants wear off Larry Elliott Unlike in 2007, this crash could be seen coming. China just provided trigger for sell-off in global financial markets bulked up on quantitative easing US traders work on the floor of the New York Stock Exchange at the start of the trading following ‘Black Monday’ in China. US traders work on the floor of the New York Stock Exchange at the start of the trading following ‘Black Monday’ in China. Photograph: Justin Lane/EPA Monday 24 August 2015 13.52 EDT Last modified on Monday 24 August 2015 20.39 EDT Live/ US markets down at closing bell after midday rally as China woes ...
The Biggest Accounting Hoax Since Enron
Post Date: 2015-08-25 16:44:54 by BTP Holdings
0 Comments
The Biggest Accounting Hoax Since Enron “…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. Once the mainstream media uncovers this deception (possibly in the next six months), it will be too late for anyone to act. Here’re the four steps you need to take to prepare for the coming chaos…” — Jim Rickards, Financial Crises Advisor to the CIA and Pentagon In late 2000, Charles Pearse, 63, retired a millionaire. Just a few months later he was flat broke. With a portfolio worth $1.3 million, he thought he would spend his golden years ...
James Dale Davidson: Current Global Crash Is a 'Rerun of 1929'
Post Date: 2015-08-25 16:29:05 by BTP Holdings
0 Comments
James Dale Davidson: Current Global Crash Is a 'Rerun of 1929' Image: James Dale Davidson: Current Global Crash Is a 'Rerun of 1929' By FJ McGuire | Tuesday, 25 Aug 2015 10:39 AM The current global stock-market crash is eerily reminiscent of the Wall Street crash of 1929, investment expert and author James Dale Davidson told Newsmax TV. “What we're seeing, if I could say it this way, is a rerun of 1929 with the main crash falling in Shanghai rather than in Wall Street,” he told “Newsmax Prime.” “If you're not scared, you're not watching,” he said. “Since the last time I was on Newsmax TV on the 11th of August to discuss ...
Chinese Central Banker Blames Fed For Market Rout
Post Date: 2015-08-25 15:16:57 by HAPPY2BME-4UM
0 Comments
While the western mainstream media meme is that "this is all China's fault" - despite the fact that the real break happened after the FOMC Minutes last week - Xinhua reports that China central bank blames wide-spread expectations of a Fed rate hike in September for the global market rout... demanding The Fed "remain patient." As Xinhua reports, A researcher with China's central bank on Tuesday blamed wide expectation of a Fed rate rise in September for the global market rout. Yao Yudong, head of the People's Bank of China's Research Institute of Finance, said the expected Fed rate hike next month had been the "trigger" for the wild market ...
Dead Cat Bounce Tuesday?
Post Date: 2015-08-25 13:41:04 by Stephen Lendman
0 Comments
Dead Cat Bounce Tuesday? by Stephen Lendman Whether market panic in recent days signals the six-year bull market’s end remains to be seen. Bull and bear markets take time to unfold. They don’t happen overnight. Yet days of global panic with valuations way exceeding fundamentals suggest at minimum a major correction, selloff, down cycle, give it any name you wish is long overdue to rectify significant imbalances and may have begun. Sharp reversal days punctuate all bull and bear markets - profit-taking or buying dips to cash in short term. They can be stunning. The 2008-09 market crisis saw six of the 10 largest ever Dow point advances: 2008-10-13: +936.42 2008-10-28: ...
Forget The Dips, Sell The Rips
Post Date: 2015-08-25 09:12:57 by Ada
0 Comments
Now that was fast! When I posted a piece a week ago noting that the S&P 500 had crossed the 2100 line from below for the 13th time this year, it signified that the market had been thrashing sideways since February 13th. Perhaps that was an omen, but technically speaking it was just further proof that the stock market is driven by Fed-following day traders and algos that reflexively buy the dips. But on Thursday and Friday last week, the casino gamblers got a rude awakening. Not only did they lose their lunch in a violent plunge during the last half-hour of trading two days in a row, but they also gave back another seven months of gains, as well as the crucial chart points that have ...
Why Government Hates Cash
Post Date: 2015-08-25 08:22:42 by Ada
0 Comments
In April it was announced that Greece was imposing a surcharge for all cash withdrawals from bank accounts to deter citizens from clearing out their accounts. So now the Greeks will have to pay one euro per 1,000 euros that they withdraw, which is one-tenth of a percent. It doesn’t seem very big, but the principle at work is extremely big because what they’re in effect doing is breaking the exchange rate between a unit of bank deposits and a unit of currency. Why would they do this? Why would they want to do this? Well, it’s one of the anti-cash policies that mainstream economists have vigorously been promoting. PAVING THE WAY FOR NEGATIVE INTEREST To make the ...
Panic Grips Markets
Post Date: 2015-08-25 06:27:16 by Stephen Lendman
6 Comments
Panic Grips Markets by Stephen Lendman Monday trading showed Dow stocks plunging 1,089 points in minutes at the opening before rebounding sharply, then closing down 588 points - the single largest intraday point move in one of the most volatile trading days in stock market history, the most volatile ever for Nasdaq stocks. The Dow fluctuated in a 7% trading range - an unprecedented 9% for Nasdaq stocks. Volatility was so extreme, the VIX S&P 500 index options volatility measure (the so-called fear index) couldn’t open during the first 30 minutes. Values of options its based on couldn’t be calculated. For the first time ever, the index closed up over 40% two consecutive ...
The U.S. Just Approved One of the World’s Biggest Solar Power Plants
Post Date: 2015-08-25 04:07:12 by Tatarewicz
1 Comments
Yahoo... Solar is going big. Again. The federal government on Monday green-lit a 485-megawatt solar plant that would generate enough carbon-free electricity to power 180,000 homes when it comes online in the Southern California desert. During the Great Recession, that was nothing unusual about billions of dollars in federal stimulus money fueling big green dreams of carpeting the Mojave Desert with giant solar power plants on government-owned land, a cornerstone of the Obama administration’s efforts to fight climate change. That land, however, often turned out to be home to desert tortoises, blunt-nosed leopard lizards, and other endangered wildlife. Many of those projects went ...
PREPPERS PREP - Stock up on canned food for stock market crash, warns former Gordon Brown adviser
Post Date: 2015-08-24 14:33:00 by HAPPY2BME-4UM
11 Comments
A former adviser to Gordon Brown has urged people to stock up on canned goods and bottled water as stock markets around the world slide. Damian McBride appeared to suggest that the stock market dip could lead to civil disorder or other situations where it would be unreasonable for someone to leave the house.“Advice on the looming crash, No.1: get hard cash in a safe place now; don't assume banks & cashpoints will be open, or bank cards will work,” he tweeted.“Crash advice No.2: do you have enough bottled water, tinned goods & other essentials at home to live a month indoors? If not, get shopping.“Crash advice No.3: agree a rally point with your loved ones ...
Apple REGAINS $80 BILLION STOCK PROFIT DURING CRASH - Did Tim Cook Violate Regulation "Fair Disclosure" By Emailing Jim Cramer To Save AAPL Stock This Morning
Post Date: 2015-08-24 14:17:04 by HAPPY2BME-4UM
4 Comments
And for those who may have missed it, this is what AAPL's stock has done today, ever since this clearly market moving letter, helped AAPL regain an unprecedented $80 billion in market cap since the lows. Earlier today, as AAPL stock was plummeting and had lost a whopping $75 billion in market cap, dropping as low as $92/share, CNBC's Jim Cramer pulled a rabit out of a hat, or in this case a previously undisclosed email out of his inbox. An email from AAPL CEO Tim Cook which said the following (as subsequently conveyed by Cramer to CNBC viewers): Jim, As you know, we don't give mid-quarter updates and we rarely comment on moves in Apple stock. But I know your question is ...
BAM! - Households just saw $1.8 trillion in wealth vanish
Post Date: 2015-08-24 12:22:24 by HAPPY2BME-4UM
5 Comments
In other words, a cool $1.8 trillion has been lost between now and the first quarter — and overwhelmingly, those losses occurred in the last few days. This will probably be the worst quarter for stock-market destruction since the third quarter of 2011, when $2.8 trillion was wiped away. It took four quarters for the stock market to bake that wealth back into equities.You may have seen headlines to describe the market carnage like a trillion dollar’s worth of wealth wiped away in a single day. But it’s worth noting just how much is held by Americans in the stock market in the first place. MarketWatch took a look at the Federal Reserve’s financial accounts of the United ...
BYE BYE LUV - BYE BYE HAPPINESS - US stocks plunge in early trading after Chinese stock rout
Post Date: 2015-08-24 11:07:44 by HAPPY2BME-4UM
14 Comments
NEW YORK (AP) — U.S. stock markets plunged in early trading Monday following a big drop in Chinese stocks. The Dow Jones industrial average fell more than 1,000 points in early trading and the Standard & Poor's 500 index fell into correction territory, that's Wall Street jargon for a drop of 10 percent or more from a recent peak. Treasuries surged as investors bought less risky assets. Growing concerns about a slowdown in China had already shaken markets around the world on Friday, driving the U.S. stock market sharply lower. A big sell-off in Chinese stock on Monday caused the rout to continue. The Dow was 668 points, or 4.1 percent, lower as of 9:57 a.m. Eastern time. ...
GREAT FALL OF CHINA SINKS WORLD STOCKS DOW FUTURES -666
Post Date: 2015-08-24 09:19:56 by christine
6 Comments
666?
Black Monday
Post Date: 2015-08-24 09:08:22 by Stephen Lendman
1 Comments
Black Monday by Stephen Lendman As this is written, US financial markets haven’t opened. Dow, S&P and Nasdaq futures indicate steep opening declines. European bourses are down about 3% - following continued sharp Asian market sell-offs - in lockstep with what Reuters called “the Great fall of China.” The Shanghai Composite fell another 8.5% after last week’s steep declines. More on this below. So far, it’s too soon to know if what’s happening is what the late longtime market expert/Progressive Radio News Hour guest Bob Chapman warned listeners and readers about in his twice-weekly International Forecaster reports. “There is absolutely no way a ...
Central Banks Have Become A Corrupting Force
Post Date: 2015-08-24 07:57:43 by Ada
1 Comments
Are we witnessing the corruption of central banks? Are we observing the money- creating powers of central banks being used to drive up prices in the stock market for the benefit of the mega-rich? These questions came to mind when we learned that the central bank of Switzerland, the Swiss National Bank, purchased 3,300,000 shares of Apple stock in the first quarter of this year, adding 500,000 shares in the second quarter. Smart money would have been selling, not buying. It turns out that the Swiss central bank, in addition to its Apple stock, holds very large equity positions, ranging from $250,000,000 to $637,000,000, in numerous US corporations — Exxon Mobil, Microsoft, Google, ...
IT STARTED IN CHINA - "Black Monday" - Shanghai Composite Goes Red For The Year, Wiping Out 60% In Gains, 2000 Stocks Limit Down
Post Date: 2015-08-24 01:11:21 by HAPPY2BME-4UM
0 Comments
Black Monday! #ChinaStocks join global panic selloff, dive 8.5%, worst since Asian financial crisis at midday pic.twitter.com/nLHoFf34bV — China Xinhua News (@XHNews) August 24, 2015FACTS: By midday break, nearly 2000 stocks down 10% daily limit in Chinese market -- only 13 stocks up; Shanghai benchmark index down 8.45% — George Chen (@george_chen) August 24, 2015 But... but... pension funds are "allowed" to buy stocks. Judging by the first few minutes of trading in the first thing to open this evening on the mainland, the CSI 300 Index Futures which immediately tumbled by 4% to 3340, China's attempt to deflect attention from the fact that it did not do a 50 ...
WAIT 'TILL MONDAY - World’s Richest People Lose $182 Billion in Market Rout
Post Date: 2015-08-23 16:55:49 by HAPPY2BME-4UM
3 Comments
The world’s 400 richest people lost $182 billion this week from their collective fortunes as weak manufacturing data from China and a rout in commodities sent global markets plunging. The weekly drop for the Bloomberg Billionaires Index, a group that includes Warren Buffett and Glencore Plc’s Ivan Glasenberg, was the biggest since tracking of the expanded list began in September 2014. The combined net worth of the index members fell by $76 billion on Friday alone, when the Standard & Poor’s 500 Index of U.S. stocks ended its worst week since 2011. “For them that’s a fractional percentage, even though $182 billion is a big number,” said John Collins, ...
US oil firms using EU peers for Iran plans’
Post Date: 2015-08-23 04:00:04 by Tatarewicz
0 Comments
PressTV... Iran’s media say US energy corporations are trying to find ways to set a foothold in the country’s oil projects through front companies. The Persian-language newspaper Aftab-e Yazd says chances are high that US corporations – that are banned from investing in Iran due to a set of sanctions by the Congress as well as the administration - team up with Europeans that are already welcome in Iran’s oil sector. “There exists the possibility that the oil companies that approach Iran are in fact front companies of other major corporations,” Aftab-e Yazd has quoted energy expert Hassan Moradi as saying. “For example, it is possible that a European ...
Latest [Newer] 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 [Older]
|