Tuesday, September 27, 2016
Home / Uncategorized

Uncategorized

WTO: WORST YEAR FOR GLOBAL TRADE SINCE FINANCIAL CRISIS

marc-faber

In spite of Obama telling us the economy is in epic condition, alongside some Fed officials who want higher rates to slow down this barn burner, the WTO is warning of global trade and also made reference to policies that might make things worse — such as protectionism. As our Asian partners make a mockery of America through unfair trade policies, their spokespeople at the WTO begin to panic –worried the gravy train might soon end.

Global trade will expand at the slowest pace since the financial crisis this year, the World Trade Organization said, as weakness in key regions and rising protectionism take a toll.

The Geneva-based organization forecasts that trade will expand 1.7 percent in 2016, down from an April estimate of 2.8 percent. It predicts real GDP growth of 2.2 percent, marking the weakest performance since 2009.

Worryingly, the WTO sees a risk that trade won’t pick up next year, cutting its 2017 projection to a range of 1.8 percent to 3.1 percent, down from 3.6 percent previously. It said with increasing wariness of globalization, governments and authorities must do more to support open trading that’s more inclusive.

“The dramatic slowing of trade growth is serious and should serve as a wake-up call,” WTO Director General Roberto Azevedo said in a statement Tuesday. “This is a moment to heed the lessons of history and re-commit to openness in trade, which can help to spur economic growth.”

The revision follows a sharper than expected decline in trade volumes in the first quarter and a smaller than expected rebound in the second quarter as emerging economies such as Brazil and China remained under pressure. North America was also a disappointment, the WTO said, noting a deceleration there this year compared with 2014-2015.

“We need to make sure that this does not translate into misguided policies that could make the situation much worse,” Azevedo said.

Comments »

JITTERS: Deutsche Bank Continues to Slide

image

Earlier on, markets were rejoicing in the effervescent youth of Hillary Clinton last night, as she methodically completed the debates last night without incident. Futures were sharply higher and Europe was ripping tits, until Deutsche Bank started to head lower again.

This is definitely starting to feel 2008 ish. The lower the stock goes, the worse off their capital situation becomes, the greater need for them to execute a dilutive rights offering.

The stock is off another 3% this morning and German bunds are sinking in yield again — down 2bps to -0.13%.

image

Comments »

And Here is the Best Moment of the Presidential Debate

image

Without question, Lester Holt was in the tank for Clinton. That’s not bias speaking, for I couldn’t give two shits about the victor. But where were the questions about the Clinton Foundation and her ties to the women hating regime of Saudi Arabia , the DNC Leaks, Benghazi, her health records, her foreign policy disasters and of course the emails?

Via Heat street:

While ignoring these issues, Holt grilled Trump on stop-and-frisk, the birther story, his comments about women, his many bankruptcies, why he hasn’t released his tax returns — and a host of other issues the media sees as unfriendly to the Republican candidate.

Holt also repeatedly attempted to “fact check” on some of Trump’s positions, such as his claim to have opposed the Iraq War from the beginning. Holt interrupted Trump several times to interject, but rarely succeeded (and may have come across as weak and impotent).

So here was the most transparent and telling moment of the night, like a boss.

Comments »

Hillary Won the Debate Because She Didn’t Die

clinton2

For those of us who’ve already made up our minds, the debate was an exercise in futility. With our confirmation bias going strong, barring some sort of debacle, there was nothing either Trump or Hillary could say to sway our opinions. Regarding the content of the debate, I think both Trump and Clinton made some good attacks, with the better ones coming from Trump.

But, considering all of the drama that has been circulating the internets regarding Clinton’s health and her coughing and apparent seizures, I think she won today’s debate, simply by not dying. I fully expected her to either seize up and get carted off in a wheeled chair, or die in an apoplectic fit.  Neither of that happened, fortunately, which tips the Clinton camp over the line towards debate winship.

A big shout out to the Clinton medical support team for properly concocting the medicinal cocktails that kept their candidate both lucid and effectively conscious throughout the duration of the 90 minute melee.

NOTE: Everyone will have an opinion on what should’ve been said and how one of them missed a good attack. Debates are fluid and hindsight is 20/20. My only question is, why the fuck wasn’t the topic of the Clinton Foundation mentioned during tonight’s debate, but Holt felt it necessary to press the all important birther issue topic?

It’s worth noting that my polls are typically 70% pro-Trump. When asked about who won the debate, it was evenly split tonight.

Comments »

Pre Debate Shit Show: Glenn Beck Snaps, says ‘Why Not Cover Me in a Bucket of Blood’

beck

Long time fan boy of faux conservative Ted Cruz, Glenn Beck went on air today and lost his shit –mainly upset that Cruz caved after months of prayer and endorsed Trump — and maybe because Trump has been surging in the polls, especially in the all important swing states.

Observe as the beta male, Glenn Beck, loses his shit pre-debate, uncomfortable under the glow of D.J. Trump’s golden hue.

 

Comments »

BEHOLD: The Great and Wonderful iBankCoin Presidential Debate Page is Here

4237880-america

Ladies and Gentlemen of the United States of America, both legal and illegal folks traversing these lands,

Starting tonight, at 9pm sharp, “The Fly” will undergo a metamorphosis, from the world’s best finance writer to the world’s best real-time political commentator. I will live Tweet the debates and would also like you to enjoy the splendour of it on iBC, in favor of the oppressive and ugly Twitter.

Ergo, we’ve developed a page of sorts, one that will serve as a wall — separating the dignified renaissance seekers from the rot that permeates and infects the internet on Twitter.

You’re all cordially invited to attend.

We’re still adding a few bells and whistles, such as a comments section, Pepe the Frog, and of course a Hillary Clinton cough meter. For those of you willing to partake in a drinking game, an exercise in energetic juvenile spirits, I will be taking one shot of vodka per H. Clinton cough. I do not expect to leave the debates alive.

The markets have gone lower, negating last week’s bizarre melt up; but all of that silliness is behind us now. Exodus will offer succor in a time of uncertainty and Le Fly will offer a sageness (extra Thanksgiving) unseen in the political arena since the peerless President Reagan sent an anonymous note to Mike Dukakis — telling him that taking a photo shot inside of a tank was a very good idea.

Respectfully and with vigor,

Le Fly

Comments »

Now an Idiot Navy Sailor Won’t Stand for Pledge of Allegiance

u-s-navy-marine-corps-and-coast-guard-personnel-unfurl-an-american-flag-on-the-flight-deck-of-the-intrepid-sea-air-space-museum-at-a-memorial-day-ceremony-during-fleet-week-new-york

Because a multi millionaire star in the NFL decided to defecate on the American flag, others of a weak minded, who aren’t multi millionaires, decided to copy his ‘activism.’ For this Naval sailor, unfortunately, that’s against the law.

According to the Uniform Code of Military Justice, Janaye Ervin, could face imprisonment for failing to obey a lawful general order.

This is her explanation on Facebook.

moron

How stupid is this social justice warrior? The culture has denigrated to the point of rot, as all of the Eddie Barzoons run around taking selfies of one another — trying to outstrip each other.

What these people fail to understand is the flag and its pledge doesn’t belong to the government. It belongs to the people, the ladies and gents who’ve fought under its banner and shed blood during the many wars this country found it appropriate to engage in. Those who refuse to honor it aren’t disrespecting the government, but the people who’ve sacrificed for the flag — especially those who made the ultimate sacrifice. It’s unbelievably absurd to me to see this level of intellectual laziness permeate the culture, let alone our armed forces. You’d think if there was one place where patriotism and honor for the flag would be above all, it’d be the military. Apparently, morale isn’t too good and our personnel is bereft of the proper leadership that should’ve instilled a sense and honor and dignity for country in navy sailors like Ms. Ervin.

Comments »

Pre-Debate Poll: Who Will You Vote For?

obama

All of my previous polls ended with Trump at 70%. This one is running at 75%, pretty much in line with the recent surge of Trump in polls. I realize my audience isn’t representative of America, since my followers are intelligent and not beholden to government to feed their families. Welfare folks aside (incredibly insensitive), I need some participation from as many of you as possible, especially the silent Never Trumpers and Hillary catamites.

Comments »

Twitter to Block Account of Turkish Journalist on Behalf of Erdogan Regime

image

When did Twitter explicitly become the Stasi for oppressive regimes on the internet? A widely followed journalist who writes for Huffpo, a true liberal in the sense he wants freedom for his people, was contacted by Twitter and told his account was to be blocked for ‘instigating terrorism’, a complaint levied by the Turkish government.

image

Really Jack?

Most leftists relished in the censorship when it only targeted conservatives. The unfortunate evolution of oppression is that it eventually encompasses all. The left will devour itself in its never ending quest to censor out the non-chic.

Comments »