You’ve got to be fucking kidding me. Is this going to be an actual topic or will the media pretend it doesn’t exist?
Look at this email from a DNC official.
Comments »You’ve got to be fucking kidding me. Is this going to be an actual topic or will the media pretend it doesn’t exist?
Look at this email from a DNC official.
Comments »Just in time for the DNC convention. Over 20,000 emails have been leaked by Wikileaks showing wanton disregard for the democratic process. They discuss collusion with Chuck Todd, MSNBC, Politico and a willingness to toss Bernie Sanders under the bridge, all for the benefit of Hillary Clinton.
Your votes meant nothing.
Comments »It is widely being reported that the Munich attacks were purported by ‘right wing’ extremists, who were mad over the influx of migrants. Using that logic, one has to ponder why they’d shoot up a German shopping mall and not a heavily migrant-populated neighborhood. One eyewitness said one of the killers had ‘neo-nazi’ boots on.
Nevertheless, there are conflicting reports coming out. One woman, who was there, said she saw terrorists targeting children who were eating, screaming ‘Allah Akbar.’
“I come out of the toilet and I hear like an alarm, boom, boom, boom,” she told CNN’s Dugald McConnell. “He’s killing the children (…) The children were sitting to eat. They can’t run.”
Loretta said the gunman was right behind her but had his back to her. She sd her 8-year-old son had been in the bathroom with the shooter, whom she described as heavyset and wearing dark clothing. She said the man yelled “Allahu akbar!”
The jury is out. However, the media seems to be convinced this was not an islamic inspired attack.
Police are reporting 8 people are dead.
Comments »It is being reported on Sky News that was, in fact, a ‘right wing’ attack. Talk about a black swan event. My head is now going to explode.
Six people are killed and no one has been apprehended, thus far.
Comments »An eyewitness, who happens to be a Sky News employee, said one of the shooters was wearing ‘neo nazi’ boots. Moreover, he was ranting and raving about being a German and something or another about mistreatment of foreigners.
Some crazy person actually had a conversation with one of the shooters. BEHOLD.
The majority of the media I am consuming now suggests a ‘right wing’ nazi attack, nothing to do with the animals from ISIS.
‘IT’S TOO EARLY TO SPECULATE. We need to reserve judgement. It could be a jihadist or right wing attack.’ -SKY NEWS, 2016
Comments »I’d like to remind you, terror is good for stocks. It gets people riled up, forcing more QE. Bear in mind, we’re all gonna end up in pods, like in the matrix, powering robots. But, in the interim, the virtual reality, created by our central banks, is all that matters.
Does it make sense for eatery stocks to trounce higher after a gunman shoots up a Mcdonald’s in Munich? Of course not. But if you try to understand the pretzel logic of all this, your heads might explode. It’s perverse and done almost in a mocking manner.
This is the ultimate wall of worry. Nothing can surpass the menace of Islamic terrorism at malls, beaches, celebrations of life. As such, stocks are rallying, squeezing the heads of all those shorting into this news flow. This is the very worst dislocation of stock prices with reality I’ve ever seen.
Comments »These are horrible people, the very worst people in the world.
Police are telling people to avoid all public places and to lock themselves up at home.
Comments »Reports suggest at least a dozen are dead. German officials aren’t giving many details at the moment.
All we know now, multiple shooters, at least 3, killing innocent people. First thing that comes to mind is tet offensive. The barbarians from ISIS are conducting operations on a wide scale.
The men, who are still at large, were wearing all black and black mask. Although the identity of the killers hasn’t been revealed yet, dollars to donuts, the religion of peace has inspired these lunatics to kill in the name of their God.
Comments »Americans have never been richer. Household wealth stands at $20 trillion, mostly in the well to do coastal cities of this great steak’d nation. There are some who believe this peak wealth statistic is a harbinger of doom, one that speaks to excess in the financial cycle, disconnected from the economics.
Since 2009, households have seen their holdings of stock and mutual funds nearly double, to $20.6 trillion. Only 6 percent of that gain can be ascribed to new flows of money into the funds or share purchases, according to calculations by Carson, director of global economic research at AllianceBernstein LP in New York. The rest is due to price appreciation.
As a share of disposable personal income, household net worth hit a record high 652.7 percent in the first quarter of last year. (For comparison purposes, the high during the housing boom was 648.3 percent at the end of 2006.) It’s since slipped, to 640.4 percent on March 31 of this year, as equity and house price gains have slowed
Does this graph mean anything? Trying to not be such an intolerable cynic here, isn’t it entirely possible that household wealth, the very thing the Fed has been trying to buoy, might continue to surge upwards to new levels? Or, does that way of thinking fall into the ipso facto world of ‘this time is different’, which we both know rarely happens?
Comments »Some might argue the data points Joe Lavorgna are worried about are completely useless stuff, backward looking subterfuge. However, Joe wants all of us to give recession a chance.
Hey, anything can happen, right?
According to the firm’s Chief U.S. Economist Joseph LaVorgna, looking at the index of leading economic indicators — a measure by the Conference Board that includes economic indicators believed to change before the broader business cycle — brings cause for concern.
“While consumer spending was relatively sturdy in the second quarter and nonfarm payroll growth rebounded solidly last month, the downward trend in the growth rate of the LEI indicates that near-term risks to growth remain to the downside,” he writes.
Here’s a chart from the note, where recessions are shaded in grey. “As the chart below illustrates, in the past two business cycles, an outright year-over-year decline in the LEI after a prolonged period of growth has presaged recession,” LaVorgna says.
As of right now, recession doesn’t look likely. However, should we dive lower towards the end of 2016, fueled by energy prices falling to levels that place a sundry of American oil companies in financial distress, the narrative will quickly change from one of recovery to wrought with panic.
Comments »