‘Bill Clinton is a Rapist’ Sign at Bill Clinton Speech!

In a utopian society, we could all traverse the planet, drinking from leather bags filled with wine, laughing and eating until our stomachs explode. In the real world, however, there are retrogrades who’ve taken the most perverse part of Islam and weaponized it to ferment a holy war. While the people committing these acts of terrorism aren’t representative of the vast majority of muslim people, they certainly are on the rise and their followers are growing by the hour.

Enter the catamites at the EU and their solution to solve the inconvenient issue of islamic terrorism.

Ready for it?

Simply stop reporting on it. Bang, presto, problem solved!

Unfortunately, applying psych 101 methods, which has largely defeated streakers at baseball stadiums from interrupting ball games, — that probably won’t work with people who couldn’t give a shit about teevee exposure or a headline in a local rag. The very essence of the people who commit these acts is to either kill or convert others to islam. The reporting of said events in the local newspapers only serve to protect citizens and to build awareness of the threats that face them.

To that point, if the media had done with the EU is asking of Britain now, countless terrorist attacks that were thwarted, thanks to alert citizens advocating on behalf of law enforcement, would’ve been successfully implemented by the terrorists — leading to the deaths of  hundreds, if not thousands, of innocent people.

A report from the European Commission against Racism and Intolerance (ECRI) found there was an increase in hate speech and racist violence in the UK from 2009 to March 2016.

Blaming the press, ECRI Chair Christian Ahlund, said: “It is no coincidence that racist violence is on the rise in the UK at the same time as we see worrying examples of intolerance and hate speech in the newspapers, online and even among politicians.”

The report makes a whopping 23 recommendations to Theresa May’s Government for changes to criminal law, the freedom of the press, crime reporting and equality law.

And despite the report not analyzing coverage of the historic Brexit vote, Mr Ahlund saw fit to comment on the UK’s decision to leave the EU.

In a sweeping statement, he said: “The Brexit referendum seems to have led to a further rise in ‘anti-foreigner’ sentiment, making it even more important that the British authorities take the steps outlined in our report as a matter of priority.”

The report lays into the British press and urges the government to “give more rigorous training” to reporters.

In the 83-page report, the Commission said: “ECRI considers that, in light of the fact that Muslims are increasingly under the spotlight as a result of recent ISIS-related terrorist acts around the world, fuelling prejudice against Muslims shows a reckless disregard, not only for the dignity of the great majority of Muslims in the United Kingdom, but also for their safety.

“In this context, it draws attention to a recent study by Teeside University suggesting that where the media stress the Muslim background of perpetrators of terrorist acts, and devote significant coverage to it, the violent backlash against Muslims is likely to be greater than in cases where the perpetrators’ motivation is downplayed or rejected in favour of alternative explanations.”

Despite the creation of the Independent Press Standards Organisation (IPSO) in 2014 as an independent regulator for newspapers and magazines, the “ECRI strongly recommends that the authorities find a way to establish an independent press regulator according to the recommendations set out in the Leveson Report. It recommends more rigorous training for journalists to ensure better compliance with ethical standards.”

These are truly staggering and delusional recommendations. Not only do they want the government to explicitly ‘train’ reporters on how to interrupt the news, they also want them to ensure that when reporting on terrorist attacks that newspapers do not mention it was done by persons of the islamic persuasion — in order to battle the true enemy of the west — racism.

Unbelievable.

In light of BREXIT and whispers of a Deutsche Bank meltdwon, who has $50t in notional derivative exposure, the EU is moving quickly to create a mechanism that will protect and backstop clearinghouses — a move that was roundly opposed by EU banks until now.

Central counterparties (CCPs), such as EMCF, LCH.Clearnet, SIX x-clear and EuroCCP Eurex Clearing, will be provided a backstop that will be funded by member banks.

“Resolution does not aim to prevent the failure of inefficent institutions, rather it aims to maintain the critical functions of an institution, while allowing the remaining parts to be wound down in an orderly manner.”

All clearing houses will have to draw up plans showing how they would recover from a major financial shock. Regulators would be in charge of deciding when to intervene to resolve or close down or restructure the entity, the draft law said.

The draft EU law sets out how regulators should deal with a failing or collapsed clearing house in a way that shields taxpayers without disrupting markets.

It is in the form of a regulation, meaning it will be directly binding on the bloc’s member states, leaving little wiggle room for local regulators. This differs from a similar EU law for handling failing banks which gave countries more leeway.

“Considering their central and growing role in financial markets, all CCPs in the EU are therefore considered to be systemic,” the draft law said.

“As the systemic importance of a CCP failure cannot be determined with full certainty in advance, the proposed framework should apply in principle to all CCPs, irrespective of their size and complexity.”

“This is an area in which there is real UK particularism but with Brexit one can suddenly envisage EU-level supervision, which would be one step against fragmentation in how clearing houses are overseen,” said Nicolas Véron, a senior fellow at the Bruegel think-tank.

“The neat solution would be to have an international level of supervision,” he said, adding though that at present this idea is “about as utopian as it was to talk about European bank supervision 10 years ago”.

Alas, the evergreen joys of record highs, fueled by a mechanism that has produced more debt to GDP in the history of mankind. Naturally, if you all went out and maxed out your credit cards and spent all of your money on stuff, you’d look and feel rich too. But eventually the stuff you bought would begin to rot and get old and then you’d need more stuff. By then, it’d be too late. Credit would’ve dried up and you’d need to restructure your balance sheet in order to start anew.

The global debt burden is of an unprecedented quality. But with markets at new highs and the status quo drifting on like a summer breeze, anyone who dares to mention this very real, and very dangerous set of circumstances are castigated out for spreading insipid intellectual fare.

This pablum is out of the IMF this morning.

Gross debt in the non-financial sector has more than doubled in nominal terms since the turn of the century, reaching $152 trillion last year, and it’s still rising, the International Monetary Fund said. The figure includes debt held by governments, non-financial firms and households.

Current debt levels now sit at a record 225 percent of world gross domestic product, the IMF said Wednesday in its semi-annual Fiscal Monitor, noting that about two-thirds of the liabilities reside in the private sector. The rest of it is public debt, which has increased to 85 percent of GDP last year from below 70 percent.

Slow global growth is making it difficult to pay off the obligations, “setting the stage for a vicious feedback loop in which lower growth hampers deleveraging and the debt overhang exacerbates the slowdown,” said the Washington-based fund.

“Excessive private debt is a major headwind against the global recovery and a risk to financial stability,” IMF fiscal chief Vitor Gaspar said in prepared remarks. “History has taught us that it is very easy to underestimate the risks associated with private debt during the upswing.”

There’s no consensus on what levels of debt-to-GDP should be the considered alarming, the IMF said. However, financial crises tend to be associated with excessive private debt in both advanced and emerging economies, the fund said. In addition, research has shown that high debt is linked with lower growth, even when a crisis is avoided.

If companies postpone paying off debt, they could become “very sensitive to shocks, increasing the risk of an abrupt deleveraging process,” the IMF said.

Depressed economies with weak banking systems should avoid premature tightening of fiscal policy, the fund said.

The IMF flagged the euro area and China as economies where it’s particularly important for deleveraging to occur.

Markets continue to grind higher, effectively and absolutely ignoring the headwinds that are coming.

Wall Street doesn’t like the idea of a company that sells lead organization software buying a hugely expensive information cyber railroad that is bleeding out losses on a regular basis.

Shares of CRM are getting lit the fuck up on news that they’re the main suitor bidding for social piece of shit, Twitter. The stock is off nearly $5.

Mizhuo is out with a note saying “we think any deal“ (with $TWTR) will likely destroy $12-$17 bln (20-25% of $CRM value).”

I think the CEO of Salesforce, M. Benioff, has finally lost his marbles. For years he’s been saying and doing stupid shit. By acquiring Twitter, he will obtain the crown jewel of stupid shit, effectively plunging his shareholders into red hell — as he tries to sort out the fuckery that Jack built. It’d be a truly horrible deal.

Shares of TWTR are sharply higher on the news of potential bag holders stepping in to save the company.

Now the stock is just $1.60 away from its ipo price.

In a Bloomberg interview this morning, Jeff Currie from Goldman Ballsachs, says there is a fucking wall, mind you, of supply coming to oil markets in 2017. He cites assholes in the shale, to Russia and all the way to Libya as being impediments to capricious price gains and associates these indelible facts as the reason why OPEC chose to freeze oil production at RECORD FUCKING LEVELS.

“We’re still seeing a lot of oil enter this market,” Currie said in an interview with Tom Keene and Francine Lacqua. “It’s hard for this market to go above $55.”

“The sweet spot is 2017” for supplies coming from new projects reaching world markets, Currie said. The outlook for an oversupplied market next year drove OPEC’s announcement in Algiers last week that it will cap production at 32.5 million to 33 million barrels a day, he added.

Shale producers are hedging their output as soon as prices climb to a range of $50 to $55 a barrel, allowing them to continue drilling, Currie said. The number of rigs targeting crude in the U.S. has risen for a fifth week to the highest since February, Baker Hughes Inc. said Sept. 30.

While investment in new oil supply has been cut, any shortage in the market is “years off,” Currie said. A “bull state,” where output shortfalls push prices above $100 a barrel, couldn’t happen before 2019 or 2020, he said. Oil futures haven’t traded above $100 since 2014.

I know, this is scandalous blasphemy, especially with WTI kicking ass this morning. Take it up with Goldman and leave me out of it.

I wonder if he really believes the shit that spews from his mouth, or is he simply obsfucating for the benefit of his global masters who want to enslave the planet through fear mongering over controlling the sun?

In this forum, accompanied by DiCaprio, Obama, essentially, puts more blame on climate change than ISIS and radical Islam for the events transpiring in Syria. I suppose it’s a good narrative for him to follow, especially when the truth is the war was started by the Pentagon using weapons that were delivered to terrorists in Libya.

But this makes the whole Islamic terrorist threat seem so minor in the vast celestial scheme of things. The next time your fucking subway car blows up, thanks to a deranged lunatic wearing a suicide vest, blame it on the sun.

There are two things the market needs in order to truly get going. The financial system needs to mend. To do that, the negative rate situation in Europe has to change. Anytime you see a spike in German bund yields, that’s a great things for stocks.

We’re seeing heavy selling in bunds this morning.

The other pillar for a sustained market rally is for there to be strength in crude. We’re getting that this morning too, with WTI nearing $50 — the highest level since June.

Twitter is in talks of being acquired and futures have bounced, now up 30.