The left-wing globalist moonbats, and the movement they represent, has found a common enemy, Russia. Their ideological avoidance knows no boundary. Not content to simply blame Russia for the failu…
Source: Russian Conspiracy Theory Spreads To U.K Parliament – Putin Now Blamed For Brexit…
Putin is running the entire world now … WOW
As The Fed and quad-witch looms (and Dow 20k is within reach), the relationship between US equity and volatility complex appears to breaking down again…
Just as we saw last week, VIX and stocks are rising together…
But, here’s a reminder what happened the last time The Fed hiked into Quad Witch…
The Dow was down 700 points from post-Yellen exuberance… Nasdaq broke 5,000; Dow nears 17,000; and S&P 2,000 was defended with valor…
Leaving everything Red for the week…
It’s different this time though.
With the Dow Jones less than 100 points away from 20,000, it is moot to say that the only sentiment driving the market here, with the S&P trading at 25x actual GAAP P/E, is adrenaline and pure euphoria.
Just last night, we showed that the Dow was the most overbought in the past 20 years, while options traders have never been more bullish. Today, following the Dow’s surge right out of the gates, it is safe to say that the “Industrial” average, where Goldman Sachs has been the star performer, and which as of last night, was more overbought on just 4 previous occasions in the past century, is at record euphoria.
Putting similar RSI levels in comparison: August 1927, June 1944, July 1955, November 1996, and now December 2016… after each of the previous spikes, stocks fell back 4 to 5% within days.
Trump’s string of ‘anti’-status quo appointments continues with his selection of former Texas governor Rick Perry to lead the Energy Department, which it is worth noting he wanted to do away with in 2011.
Perry twice ran for his party’s presidential nomination, including against Trump, presenting himself as pro-business candidate.
Perry’s selection is amusingly ironic, because five years ago, Perry wanted to eliminate the Energy Department: in an infamous 2011 Republican primary debate, Perry forgot that the Energy Department was one of the three federal government agencies he wanted to do away with. The other two were the Commerce and Education Departments. According to some pundits, the gaffe may have cost him a shot at the party’s 2012 nomination.
Perry, Texas’ longest-serving governor, was indicted in 2014 for abuse
of power and coercion after threatening to veto funds for a Travis
County office that investigates corruption unless the district attorney,
who had pleaded guilty to driving while intoxicated, resigned. Another
potential conflict of interest: Perry serves on the board of Energy Transfer Partners LP, the
company whose pipeline project has drawn opposition in North Dakota and
has become a rallying cry from environmentalists. While the Obama
administration has stalled the project, Trump has said federal approvals
for energy infrastructure need to come quicker.
Finally, those curious about Rick Perry’s policies, we bring your an
interview from June, where Perry questioned the science behind global
warning. Here are the details:
During his 2012 presidential campaign, Perry regularly questioned climate science, saying that it hadn’t been settled. “There
are a substantial number of scientists who have manipulated data so
that they will have dollars rolling into their projects,” Perry
claimed during one New Hampshire campaign stop. He called the EPA a
“cemetery for jobs.” In his pre-campaign book, Fed Up!, Perry referred
to efforts to tackle global warming as “hysteria” and described the
science a “contrived phony mess.” He even wrote that “we have been experiencing a cooling trend.”
Perry’s 2012 campaign collapsed when, during a debate, he forgot which
three cabinet-level departments he wanted to eliminate. He called for
axing Commerce and Education, but he famously couldn’t remember that
Energy was also on the list of federal agencies he’d proposed
eliminating. “Oops,” he finally said when he was unable name the
department.
At the Conservative Political Action Conference this in February
0215, Perry touted his record fighting smog. But he sidestepped climate
change and called for the Keystone XL Pipeline to be built. “The point
is, you can have job creation, and you can make your environment
better,” he said. “That ought to be our goal in this country, and it all
starts with energy policy. Open up the XL pipeline, create jo
Until now, Iran’s angry outbursts in response to alleged breaches of Obama’s nuclear deal as well as extensions of the Iran sanctions, have been relegated to verbal outbursts, culminating most recently with the threat by Iran’s defense minister Denghan that should Trump end Obama’s landmark arrangement with Iran, it would result in a war which “would mean the destruction of the Zionist regime (Israel) … and will engulf the whole region and could lead to a world war.”
Overnight, however, Iran moved beyond the merely verbal and in its first concrete response to last month’s decision by the US Congress to extend legislation making it easier for Washington to reimpose sanctions on Tehran, Iran’s President Hassan Rouhani ordered scientists from the national nuclear agency, and specifically Ali Akbar Salehi, the head of the Atomic Energy Organization of Iran, to prepare a project for development of both reactors for maritime use and fuel production for this purpose in three months.
“The United States has not fully delivered its commitments in the Joint Comprehensive Plan of Action (the nuclear deal),” Rouhani wrote in a letter published by state news agency IRNA. “With regards to recent (U.S. congress) legislation to extend the Iran Sanctions Act, I order the Atomic Energy Organization of Iran to … plan the design and construction of a nuclear propeller to be used in marine transportation to be used in marine transportation.”
Rouhani described the technology as a “nuclear propeller to be used in marine transportation,” but did not say whether that meant just ships or possibly also submarines. Iran said in 2012 that it was working on its first nuclear-powered sub.
While the technology is different from nuclear weapons, banned by last year’s nuclear deal, it has a definite military leaning. The only operator of nuclear-powered civilian vessels at the moment is Russia, mostly due to its fleet of icebreakers. The US and Germany had nuclear-propelled merchant ships in the past, while the Japanese ship ‘Mutsu’ was finished but never carried commercial cargo.
U.S. Congress members have said the extension of the bill does not violate the nuclear deal agreed last year to assuage Western fears that Iran is working to develop a nuclear bomb. The act, Congress added, only gave Washington the power to reimpose sanctions on Iran if it violated the pact. Washington says it has lifted all the sanctions it needs to under the deal between major powers and Iran.
But Iran’s Supreme Leader, Ayatollah Ali Khamenei said last month that the extension was a definite breach and Iran would “definitely react to it”.
The Iran nuclear deal was negotiated by Tehran and six leading world powers, and sought to address concerns that Iran may have a clandestine project to develop nuclear weapons. Iran denied the accusation, but agreed to restrict its nuclear industry in exchange for the lifting of economic sanctions imposed by the UN Security Council, the US and the EU. The deal also allowed Iran to resume oil exports, leading to this year’s Saudi relent over oil production cuts, after it started losing market share to Tehran.
The deal was hailed as a breakthrough at the time of its signing in 2015 by all parties involved, despite dissenting voices from Republicans in the US, hardliners in Iran and Israel in the Middle East. Iran has since held its part of the bargain and is complaining that the US continues its anti-Iranian policy and imposes new sanctions under different pretexts.
* * *
While it is debatable whether Congress breached the terms of the Iran deal, Iran’s actions will certainly stoke tensions with Washington, already heightened by comments from Donald Trump who has vowed to scrap the deal, under which Iran agreed to curb its nuclear activities in exchange for lifted sanctions. It is certain that Trump will see Iran’s escalation as further evidence of Iran non-compliance with the terms of the agreement, potentially leading for a stronger push to pull the US out of the atomic deal.
Meanwhile, there was no immediate reaction from the Vienna-based International Atomic Energy Agency, which monitors Iran’s nuclear work.
Iran always argued its nuclear program was for peaceful purposes.
US Import Prices have declined for 28 straight months with November’s 0.1% decline disappointing versus an unchanged expectation. Thanks to some downward revisions however, this is the smallest decline in import prices since July 2014.
Auto prices declined 0.1% after rising 0.3% in Oct, and while Asia Near-East exported the most deflation to US, China exported the most deflation to US since June 2010.
Notabl
Overnight Media Digest
WSJ
– President-elect Donald Trump will name Exxon Mobil Chief Executive Rex Tillerson as his secretary of state, a transition official said. http://on.wsj.com/2hrXfG8
– Momentum to pursue investigations into alleged Russian hacking in the U.S. presidential election picked up steam Monday, with the Senate’s top Republican joining Democrats, the White House and other GOP leaders in calls for a probe. http://on.wsj.com/2hrXh0I
– The Syrian regime has gained control of almost all of Aleppo, according to the government and an opposition monitoring group, as a proposal for the safe passage of all rebels from the city awaits approval from Russia, the regime’s main military backer. http://on.wsj.com/2hrSHzE
– Donald Trump’s attacks on F-35 fighter jet costs shed light on the ballooning expense and delays of big military programs, but experts say there are limits to what he will be able to do as president to fix them. http://on.wsj.com/2hrXuAZ
– Sumner Redstone’s National Amusements is pulling its support for a merger of CBS and Viacom, which would have reunited the two media firms amid an increasingly challenging landscape. http://on.wsj.com/2hrUp3K
– Microsoft Corp co-founder Bill Gates said he and other business leaders are launching a $1 billion clean-technology fund that will start investing next year in companies developing low-cost, low-carbon technologies. http://on.wsj.com/2hrWexS
– Aetna Inc executives on Monday jousted with Justice Department lawyers over the health insurer’s reasons for sharply cutting its participation in Affordable Care Act exchanges, a potentially important issue in the antitrust trial over Aetna’s proposed merger with Humana Inc. http://on.wsj.com/2hrXIIl
– Antony Jenkins, the former chief executive of Barclays, has joined the board of Blockchain, a London-based startup that provides services related to bitcoin and cryptocurrencies. http://on.wsj.com/2hrUjZV
– Blackstone is exploring a new infrastructure investing business at a time when more money than ever is being committed to funds that aim to invest in ports, pipelines and other public works. http://on.wsj.com/2hrVzMX
– Alphabet Inc’s Google completed a deal with Cuba to place computer servers on the island to speed Google services there, a pact that officials hurried to complete before President Barack Obama leaves office next month. http://on.wsj.com/2hrTgct
FT
– Senior International Monetary Fund officials rejected claims that the organisation is seeking to impose more austerity on Greece. Director of the IMF’s European department Poul Thomsen and the fund’s Chief Economist Maurice Obstfeld said in a blog post that their main worries are that Greece is pursuing policies that are “unfriendly to growth” and that country’s debt is “highly unsustainable.”
– The European Union and the United States have imposed sanctions on senior Congolese security and intelligence officials following a violent suppression of anti-government protests in September in which dozens of people died. EU diplomats said the move is also meant to act as a deterrent ahead of big demonstrations planned for Monday next week against President Joseph Kabila’s refusal to step down despite his second and final term ending that day.
– Sumner Redstone and daughter Shari scrapped Viacom-CBS merger plans amid disagreements about the valuation and management of both media companies. The companies were unable to agree on a valuation for Viacom, owner of Paramount Pictures and MTV.
– Prudential Financial said it would reimburse any customers concerned they were charged for policies they did not ask for as it reviews how Wells Fargo had sold the coverage. Prudential’s move came after three of its former employees alleged in a lawsuit that low-income Wells customers, mainly with Hispanic surnames, had been signed up for policies without their consent.
NYT
– President-elect Donald Trump settled on Rex Tillerson, the chief executive of Exxon Mobil, to be his secretary of state, transition officials said. In naming him, the president-elect is dismissing bipartisan concerns that Tillerson, the globe-trotting leader of an energy giant, has a too-cozy relationship with Vladimir Putin, the president of Russia. http://nyti.ms/2gBx7vh
– Christine Lagarde, the managing director of the International Monetary Fund, went on trial in Paris on Monday, facing criminal charges that when she was France’s finance minister, her negligence resulted in the misuse of hundreds of millions of euros in public money. http://nyti.ms/2gU8KFj
– A business tax overhaul championed by a Berkeley professor could advance President-elect Donald Trump’s job-creation agenda without tariffs or presidential deal-making. http://nyti.ms/2guYJx5
– President-elect Donald Trump said on Monday that the cost of building the military’s next-generation fighter jet, the F-35 Joint Strike Fighter, had spiraled “out of control”, and he vowed to save billions of dollars on military programs once he enters office next month. http://nyti.ms/2hyji0y
– In a sign of widening fallout from Wells Fargo’s sales scandal, Prudential Financial Inc said it was suspending sales of its life insurance policies through Wells Fargo & Co until it completed an investigation into the bank’s sales tactics. http://nyti.ms/2gG5jnP
– Donald Trump officially asked Goldman Sachs Group Inc President and Chief Operating Officer Gary Cohn to serve as director of his National Economic Council, removing a crucial impediment for Goldman’s next generation of leaders. http://nyti.ms/2gBHXBf
– Boeing Co announced a $16.6 billion deal to sell planes to Iran, which for decades had been economically blacklisted by the United States. The company instead chose to emphasize how many jobs the sale would support. http://nyti.ms/2hodXWi
– Bill Gates, co-founder of Microsoft Corp, has started a fund to invest in energy research to reduce the causes of climate change, work that would build on efforts that may be threatened by a Trump administration. http://nyti.ms/2hyjjBN
Canada
THE GLOBE AND MAIL
** The federal government has unveiled a series of measures aimed at curtailing Canada’s booming underground market in fentanyl, just as the death toll climbs and more communities sound the alarm about illicit drugs. tgam.ca/2gGAsHI
** Canadian Prime Minister Justin Trudeau acknowledged Monday that people lobby him at Liberal Party cash-for-access fundraisers, but said he ultimately makes up his own mind on what is good for Canada. It is the first time he has admitted that government business is being discussed at partisan Liberal money-raising events. tgam.ca/2hr5S3B
** Canadian Finance Minister Bill Morneau has agreed to remove controversial changes to the Bank Act from his latest budget bill in response to strong objections from Quebec and some senators. tgam.ca/2hIjuGH
NATIONAL POST
** The New Democratic Party said they want the Liberals to turn their party’s ethics guidelines into law, after Prime Minister Justin Trudeau admitted on Monday that people attending Liberal Party fundraising events bend his ear about “things that are important to them.” bit.ly/2hsHbEd
** The Bank of Montreal is the latest Canadian bank seeking a settlement with regulators after discovering some retail fund clients were charged “excess” fees over a period of years. bit.ly/2hhLUuf (Compiled by Kanishka Singh in Bengaluru)
Britain
The Times
* A DNA analysis company Oxford Nanopore has raised £100 million ($126.77 million) in a private placing, giving it a valuation of £1.25 billion ($1.58 billion). The investment will cement the company’s status in Europe as one of just a handful of biotech unicorns, private, fast-growing companies valued at more than a billion dollars or pounds. http://bit.ly/2hxw6V1
The Guardian
* Lloyds Banking Group Plc is failing to meet “fee-free” guidelines for millions of its basic bank accounts, which are typically held by people on low incomes, according to data published by the Treasury. http://bit.ly/2hxvsH5
* Households in Britain face further pressure from rising inflation as experts predicted a surge in petrol prices following an agreement by oil producers to cut global output. http://bit.ly/2hxz6R8
The Telegraph
* Barclays Plc has sold-off its retail banking operations in Europe with a deal to offload its French consumer businesses to private equity firm AnaCap. http://bit.ly/2hxEnYY
* Brexit minister David Davis met on Monday with representatives of Britain’s leading automotive businesses including Jaguar Land Rover and Ford Motor Co on what the future holds for the sector which directly employs 170,000 in the United Kingdom in manufacturing and supports more than 800,000 jobs. http://bit.ly/2hxyICb
Sky News
* British Culture Minister Matt Hancock has said that the government will be “scrupulously fair and impartial” in its handling of 21st Century Fox Inc’s takeover bid for Sky Plc, the owner of Sky News. http://bit.ly/2hxxSWr
* Post Office workers in Britain are to stage five days of strikes in the week leading up to Christmas. The strike next week follows a dispute with management over job losses, the closure of a final salary pension scheme and branches being shut. http://bit.ly/2hxzgIk
The Independent
* Sky shareholders have demanded a higher takeover price from Rupert Murdoch’s Fox and reassurances over the independence of the media mogul’s son. Fox tabled a £10.75 ($13.63) per share offer on Friday, valuing Sky at £18.5 billion ($23.45 billion). http://ind.pn/2hxtS88
* The online fashion retailer Asos Plc will hire an extra 1,500 people over the next three years as it plans to expand its London operation. http://ind.pn/2hxoHF8
QUESTION: Marty; You have been emphasizing not to buy gold bullion but US gold coins such as the $20. You have said that the last time they confiscated gold coin collections were exempt. With the drastic action in India, and the war on currency in Turkey, is this why you have said stocks and collectibles are a safer bet?
ANSWER:There are no safe bets. However, we are in the collapse of socialism. The left is always the most dangerous because they see themselves as victims. Narendra Damodardas Modi is proving to be a very dangerous radical who is extremely misguided. His demonetization of the currency was carried out without even asking the Reserve Bank. His BJP party advocates social conservatism and a foreign policy centered on nationalist principles. Generally, Modi has focused on a largely neoliberal economic policy prioritizing globalization and economic growth over social welfare. In sum, he is subjugating the people to his goal of globalization.
China and Russia saw their revolutions from the left led by the youth. India is trying to eradicate the underground economy. They first eliminated cash, which is preventing small businesses from paying employees. Unemployment will now soar. They are now attacking gold and this is all about creating a forced above ground economy so it can be regulated and taxed. People are reduced to using rice for money.
Turkey is doing the same thing. Recep Tayyip Erdoğan has begun his war on foreign currency because the Turkish lira is being devastated in international markets. His dream of recreating the Ottoman Empire will fail. He has lost the confidence of the people as well as the world. He is saying anyone who has $1 bills is a traitor. He is telling the population to convert their foreign currency to Turkish lira out of patriotism.
The lobbying is off and running is super-high gear to stop the Fed from raising rates once again. Governments all over the world have a very myopic view and focused only on the next quarter, or the next election. The Reserve Bank of India also fears that the US Fed’s impending interest rise would affect the external value of the rupee. Again the IMF behind the curtain is on its needs. Any depreciation of the rupee as a result of capital outflows would only worsen the balance of payments for India and expose the insane policies of Modi who did not even consult the RBI before demonetizing the currency.
Anyone with half a brain in economics knows that the worst thin you can do to create a depression is cause the velocity of money to decline. If people hoard and do not spend, the economy implodes. Modi is trying to end the cash economy, but he has ensured unemployment will now soar because small businesses cannot pay their people.Expect at least another 400,000 people to lose their jobs and people are forced to use rice as money.
Additionally, a rate hike in USA will send the rupee down and that will be feeding inflation due to rise in prices of imported commodities. Inflationary expectations are real keeping food prices high posing a threat to domestic price stability and external value of rupee. The RBI declined to lower rates looking at the prospects that the USA may raise rates so high rates are necessary to try to stem the outflow of capital.
The EU is just insane. They cannot comprehend how to run an economy. The abuse on taxation assessments in the EU has led to McDonalds relocating its international headquarters from Luxembourg to the UK. The U.S. fast food chain announced last week that a new holding company was being established in the UK, where most of the licensing fees would come from stores outside the U.S. McDonalds is restructuring to save costs and the EU taxation is just anti-business.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
De Oppresso Liber
A group of Americans united by our commitment to Freedom, Constitutional Governance, and Civic Duty.
Share the truth at whatever cost.
De Oppresso Liber
Uncensored updates on world events, economics, the environment and medicine
De Oppresso Liber
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Australia's Front Line | Since 2011
See what War is like and how it affects our Warriors
Nwo News, End Time, Deep State, World News, No Fake News
De Oppresso Liber
Politics | Talk | Opinion - Contact Info: stellasplace@wowway.com
Exposition and Encouragement
The Physician Wellness Movement and Illegitimate Authority: The Need for Revolt and Reconstruction
Real Estate Lending
Centinel2012 