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Latest Articles: Business/Finance
Weak Ruble Drives Russian Car Production Boom
Post Date: 2015-08-29 04:53:08 by Tatarewicz
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PravdaMainForum... Volkswagen and Hyundai representatives have announced unprecedented plans to increase the production of their cars in Russian factories, for eastern export markets August 26th (Sputnik) - Volkswagen and Hyundai are planning to take advantage of the weak ruble and boost production in their Russian factories of vehicles for export markets in the Middle East and Far East, company representatives announced this week. In the coming weeks, Hyundai will begin delivering the Solaris, produced in its Russian factory, overseas to Egypt and Lebanon, the company's Russian head office stated on August 25. By the end of August, the carmaker's Russian factory will have ...
Transocean cuts stock dividends on slumping revenue
Post Date: 2015-08-29 02:05:14 by Tatarewicz
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PressTV... Transocean, one of the world's largest operators of offshore platforms, has announced plans to slash stock dividends, citing the company’s falling revenues amid global oil market turbulence as the reason. According to a statement issued on Wednesday, the worsening situation of the oil market has wreaked havoc on the Switzerland-based company’s earnings, prompting its managers to cut shareholders’ dividends, AFP reported. The company announced the decision for scrapping of shareholder payments and an asset impairment of 2.0 billion Swiss francs (USD 2.1 billion, 1.8 million euros) overnight, adding that the decision will be formalized at an extraordinary ...
BUY! The Daily’s hot stock tip of the day: Waffles, tasty waffles…
Post Date: 2015-08-28 15:20:25 by BTP Holdings
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BUY! The Daily’s hot stock tip of the day: Waffles, tasty waffles… By J. Reeves August 28, 2015 If there’s one theme we’ve driven home this week, it’s this: Don’t panic. Snap decisions made from fear (or greed) never end well. Here’s a little levity on market irrationality to help drive this home… Poster Comment:Recall the movie, "Trading Places". LOL
JPMorgan's Kolanovic: Quantitative Traders May Trigger Market Crash
Post Date: 2015-08-28 15:13:32 by BTP Holdings
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JPMorgan's Kolanovic: Quantitative Traders May Trigger Market Crash Thursday, 27 Aug 2015 04:51 PM Volatility in the U.S. equity market is being whipped up by traders who don’t care what stocks are worth, according to an analyst at JPMorgan Chase & Co. Selling by “price insensitive” investors employing strategies that take their cue from recent trends in stocks is worsening this week’s swings, according to Marko Kolanovic, a derivatives strategist at the New York-based bank. In particular, he cited forced selling by traders who hold positions known on Wall Street as “short gamma,” a bet that prices won’t move much. The research comes about a ...
Proof: A Woldwide Recession id Just Around the Corner
Post Date: 2015-08-28 15:08:30 by BTP Holdings
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As we enter the weekend, investors everywhere are breathing a small sigh of relief. The tumult, volatility and emotional rollercoaster ride in the markets that wiped out trillions of dollars in wealth across the globe during the past week appear to be over ... for now. But when you look at the cold hard facts you'll quickly see that a massive global crisis has not been averted at all. It's only been delayed. And we have the evidence to prove it. You see, the wave of selling that rippled from Asia to Europe to Wall Street is only a drop in the bucket compared to a monstrous bubble hidden in plain sight, right here at home. A new crisis that is now ... 15 times larger than the ...
Wall Street Rally: Hold the Cheers
Post Date: 2015-08-28 12:43:16 by Stephen Lendman
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Wall Street Rally: Hold the Cheers by Stephen Lendman Days of market turbulence likely haven’t ended. They’ve been more severe than any time since late 2008/early 2009. Hindsight may show upswing days were classic dead-cat bounces - a combination of short- covering and market manipulation. An August 26 Wall Street Journal article should give investors pause - headlined “Margin Calls Bite Investors, Banks,” saying: “Loans backed by investment portfolios have become a booming business for Wall Street brokerages. Now the bill is coming due - for both the banks and their clients.” Bank of America and other lenders are issuing margin calls. Investors either ...
Schwab online trading is offline
Post Date: 2015-08-28 09:12:58 by Jethro Tull
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Schwab is the largest online trader in the world and it appears it is offline and unavailable for the opening bell. Good luck to anyone trying to sell into what will be a triple digit down opening.
SAME STRAGETY AT THE OUTSET OF GREAT DEPRESSION - Lies You Will Hear As The Economic Collapse Progresses
Post Date: 2015-08-27 23:42:31 by HAPPY2BME-4UM
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It is undeniable; the final collapse triggers are upon us, triggers alternative economists have been warning about since the initial implosion of 2008. In the years since the derivatives disaster, there has been no end to the absurd and ludicrous propaganda coming out of mainstream financial outlets and as the situation in markets becomes worse, the propaganda will only increase. This might seem counter-intuitive to many. You would think that the more obvious the economic collapse becomes, the more alternative analysts will be vindicated and the more awake and aware the average person will be. Not necessarily... In fact, the mainstream spin machine is going into high speed the more negative ...
DEPENDENT NATION - Welfare Is the Highest Paying Entry-Level Job in 38 States
Post Date: 2015-08-27 23:39:17 by HAPPY2BME-4UM
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How many people have been diverted from the workforce thanks to our welfare system? There are obvious problems with giving people “free” money. We could list the fact that the money is taken from the people who earned it, or that the debt pyramid that funds the “free” money is unsustainable and will end in crisis. We could point out that people drop out of the labor market because the free money makes it possible, thus lowering productivity at the same time that we are increasing obligations. That is a looming economic disaster for the country. But in my opinion the greatest evil of the system is how it degrades human beings and encourages them to decay into perpetual ...
What If The "Crash" Is as Rigged as Everything Else?
Post Date: 2015-08-27 11:33:59 by christine
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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 ...
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