BANKS CLOWN-HAMMERED IN EUROPE

Welcome to September, officially.

The winds are brisk and futures are tumbling. Over in Euroland, stocks are getting their faced kicked in. Collectively, they’re down around 2%, with the Italians ‘enjoying’ the brunt of the sell off.

Leading the charge lower are the banks.

Unicredit -5%
Soc Gen -3.6%
Santader -3.5%
AXA -3.5%
Deutsche Bank -3.5%
Credit Suisse -3.3%
Lloyds -4%
Standard Chartered -4%

It’s worth mentioning, commodity related names are getting poleaxed too, with heavy losses found in E.on,BHP, Rio and Glencore.

Well, this is refreshing. Someone had the balls to call China’s property market a bubble. And guess what, he’s the fucking Chief Economist at the PBOC!

Unlike our Central Bank, who likes to shroud their statements with smoke and mirrors, riddles and stupid statements filled with misdirection, Ma Jun gives zero fucks and is telling you the fucking bubble is dangerous is a risk to the financial system.

“Measures should be taken to put a brake on the excessive bubble expansion in the property sector, and we should curb excessive financing into the real estate sector,” Ma Jun, chief economist of the People’s Bank of China’s research bureau, said in an interview with China Business News. A third of the financial-system leverage added over the past decade has come from the surge of housing prices, Ma said.

In case you’re unfamiliar with China’s bubbling debt situation, you might want to read this, this and of course this.

Like him or not, a D. Trump presidency is the antithesis of the Wall Street Journal led demand for open borders, and upsets the central apple cart that has scorned and beaten middle America into submission.  A Trump presidency upsets the globalist’s vision for the world, where one government presides over an underclass of slaves, producing cheap goods for fellow wards of the state.

Following the most newsworthy events of the Presidential campaign in months, seeing H. Clinton collapse at a 9/11 event,  exposing a young girl to pneumonia, then comical rumors of her body double emerged online, not to mention her calling 50% of Trump’s supporters ‘deplorable’, the market is beginning to price in a potential end to the status quo.

With Trump in office, Yellen and her band of fuckheads are out of there. U.S. trade deals will be canceled and rewritten. Taxes will be levied upon asshole companies shipping factories abroad, who then attempt to import cheaply made goods back into the country. It will be transformative, not to mention THE WALL.

Dow futs are off by 150.

DAX futs are off by 2.1%

WTI is off by 1.6%

Gold is catching a bid, now down by just 0.2%

Bonds are rallying and the Hang Seng is off by 2.75%

I cannot do better justice than Paul J. Watson’s video, who was first to discuss this pressing topic. Our media has been castrated.

Watch and enjoy.

Because Hillary is constantly lying about all sorts of shit, from what she had for dinner to Benghazi, people are naturally skeptical about everything she says or does. In my last post, I posited the idea that taking a photo opp with a small girl, when showing extreme symptoms of pneumonia, is probably a bad idea.

Agree?

Ok.

ENTER THE FUCKING INTERNETS.

What if I told you that the woman taking the photo opp was in fact a body double?

Look at the nose.

OOPS! Hillarys body double forgets which side H likes to carry her purse. #HillarysDouble#HillarysHealthpic.twitter.com/H4vGUnuRKm

— Pharoah Klap (@KlapBoss) September 12, 2016

Body double, yea or nay?

NOTE: A woman named Teresa Barnwell quit her job several months ago to impersonate Clinton full time.

UPDATE: And then there’s this, Hillary’s body double’s tweet.

Or maybe I was in NYC today…you never know! pic.twitter.com/B4bclMD1lA

— Teresa Barnwell (@teresa_barnwell) September 11, 2016

Pneumonia is contagious for a minimum of 3 days after taking anti-biotics. Some virile strains of the virus are contagious for as long as two weeks. After today’s event where H. Clinton collapsed after a 9/11 ceremony, the Clinton team put out a statement–blaming the episode on pneumonia, which they claim was diagnosed on Friday.

Not being a dick here, but if I was diagnosed with pneumonia, I wouldn’t be having fundraisers, exposing my most loyal sycophants to a potentially life ending virus.  Note, the deplorables comments linked above was made at a fundraiser after she was allegedly diagnosed on Friday.

Secondly, I would never have permitted my moronic staff to have a little girl run out to meet me, following a fainting episode, which is without question a sign that the alleged pneumonia was showing strong symptoms and was 100% contagious. I am sure the future leader of the free world had a physician on staff to alert her to the dangers of her ailment, no?

So, parents out there, now having the benefit of hindsight, if you were the parents of this little girl, would you be pissed off that H. Clinton exposed your young one to her sickness or not?

By the way, contracting pneumonia is no laughing matter and isn’t something that should be held back from the public. It would’ve explained all of her odd ball behavior and I am certain the public would’ve empathized with her. The problem with her story is that it’s all a fucking lie.

That title might be a bit extreme. Japan is off a little more than 1.5% and Australian stocks are off about 2%. All in all, the Asian session is an organized mess.

DAX futures are indicating down 1.7%.

Dow futures are off by 80, hardly anything to worry about thus far.

But, underneath the surface, there are a few things for you to start panicking over–much of which has to do with seasonality. ‘Tis the season for sharply lower markets. Right now, WTI crude is off by 1.2% and bonds are rallying.

All eyes on CNH, as it nears 6.7. Should the yuan break 6.7, I promise you will hear about people worrying about Chinese capital flight, bearing witness to centaurs in Beijing kicking people in the chest for their dollars.

Gold is lower again by 0.45% and silver is down 2.5%.

Copper is continuing the path of least resistance, lower–now off by 0.7%

UPDATE: DAX futs -2.1%. The Hang Seng is off by 2.75%

Just as the price of crude began to swoon, out comes a fucking insane Libyan commander seizing control of two important oil ports–totally hating on the US led UN power apparatus currently not running things.

Forces loyal to east Libyan commander Khalifa Haftar on Sunday seized at least two key oil ports from a rival force loyal to the U.N.-backed government, risking a new conflict over the OPEC nation’s resources.

Ahmed al-Mismari, a spokesman for Haftar’s self-styled Libyan National Army (LNA), said its fighters had full control of Es Sider, Ras Lanuf, Brega and Zueitina after launching an early morning military operation on the eve of the Muslim holiday of Eid.

The attacks on Libya’s major oil ports by Haftar, who opposes the U.N.-backed Government of National Accord (GNA), could derail efforts to restart production. Those efforts are seen as critical to saving Libya’s economy and helping the GNA survive.

Ever since we fomented civil war in Libya, oil production has plunged from 1.6m bps to just 200k.

Thus far, this isn’t having much of an effect on crude prices, currently down 1.2% for the session.

You cannot have a worse launch than your fucking phone literally catching fire and exploding in the hands of consumers. US regulators and Samsung itself are asking consumers to shut their fucking phones off and turn them shits in, otherwise risk burning your whole village down during recharge.

“We are asking users to power down their Galaxy Note 7s and exchange them as soon as possible,” said Koh Dong-jin, Samsung’s mobile president. “We are expediting replacement devices so that they can be provided through the exchange program as conveniently as possible.”

Consumers can visit Samsung’s service centres to receive rental phones for temporary use. Samsung plans to provide Galaxy Note 7 devices with new batteries in South Korea starting Sept. 19, but schedules for other countries vary.

Earlier this month, Samsun issued a recall for more than 2.5m note 7s.

To date, Samsung has documented 35 fires due to their piece of shit phones. In one case, a family was charging their little Korean phone inside of their jeep. That shit caught fire and burned the fucking car to a cinder.

Tim Cook is reportedly super-duper happy about this shit and has been celebrating by partaking in homosexual speed dating festivals.

Shares of Samsung are down more than 5% in Korean trading.

Quit talking about the symbolism of a Presidential candidate collapsing at a 9/11 ceremony, 15 years after those heinous attacks. Where you see weakness and frailness, H. Clinton’s personal physician sees strength.

In a press release given by her campaign, Clinton’s Doctor reassured America that she is fit to serve as Commander in Chief and only suffers from a mild form of hyperthyroidism and seasonal allergies.

It’s worth noting, thyroid ailments often lead to the afflicted turning fucking nuts.