What exactly does that mean? The BOJ will scrap the idea that lower rates can spur growth and instead focus on the explicit profitability of their banks, by rigging the actual shape of the yield curve.
Crazy Kuroda, BOJ Chief, announced the board would keep rates at -0.1%, but the $780b stimulus that was designed to control the bond markets would be tweaked in an effort to create a spread between short and long duration credits. This is QE, the newest version.
“The BOJ’s decision to steepen the yield curve showed they are taking into account the situation of financial institutions,” said Takeshi Minami, chief economist at Norinchukin Research Institute. Atsushi Takeda, an economist at Itochu Corp. in Tokyo, said today’s decisions “suggest that the BOJ is reaching its limit to monetary options.”
This is the end of the road for the BOJ. If this doesn’t work, nothing will.
I’d like you to entertain curmudgeon Fly and, if only for a moment, think about the financial tyranny the BOJ is unleashing on their people for the benefit of a select few corporate entities. Free markets are dead. We’re living in an era of command oligarchies that will be remembered as the nascency of a financial dark age.
In a scathing display of oratory excellence, Louis Farrakhan unleashes on Obama for ignoring the black community and instead fighting for the rights of gay, Israel and Obamacare.
Yesterday, Russia bombed out a UN convoy, which was allegedly sending food and supplies to the war stricken areas of Aleppo, killing 20 and scorching 18 UN trucks.
The White House on Tuesday night said it held Russia responsible for the air strike on the convoy. “There only could have been two entities responsible, either the Syrian regime or the Russian government,” Ben Rhodes, White House spokesman, said. “In any event, we hold the Russian government responsible for airstrikes in this space.”
Two US officials had earlier said they had intelligence confirming that two Russian Sukhoi SU-24 warplanes were in the skies above the aid convoy at the precise time it was struck, and that the conclusion was that Russia was to blame.
In a further suggestion of Russian involvement in the attack, its defence ministry said on Tuesday that the convoy had been accompanied by a militants’ pickup truck armed with a heavy mortar gun, Russian news agencies reported.
The ministry uploaded to YouTube what it claimed was drone footage of the convoy which showed “new details” about the incident.
“All the evidence suggests the Russians were involved in bombing the aid convoy as an act of revenge for the coalition air strike at the weekend which killed 60 Syria soldiers,” said a senior coalition official. “If this can be proved, then the Russians could find themselves facing war crimes charges.”
So, the Russians could find themselves facing war charges for bombing a UN convoy that also included Syrian rebels, but nothing comes from the ‘accidental’ bombing of Syrian soldiers by the U.S.? This is intellectual laziness on behalf of the clowns who released this statement.
Due to the bombing, the UN has canceled all humanitarian aid to Syria and one of their officials took this occasion to place ISIS terrorists on a moral and ethical high ground by suggesting the greater evil in the region was Assad’s army.
“The United Nations has been forced to suspend aid convoys as a result of this outrage,” Mr Ban said.
“The humanitarians delivering life saving aid were heroes. Those who bombed them were cowards.”
Mr Ban blamed all the international players backing the warring sides, which would include Russia as well as the US, Turkey and Saudi Arabia.
“Powerful patrons that keep feeding the war machine also have blood on their hands,” he said.
“Present in this hall today are representatives of governments that have ignored, facilitated, funded, participated in, or, even planned, and carried out atrocities inflicted by all sides of Syrian conflict against Syrian civilians.”
But he singled out Syria for a stinging rebuke.
“Many groups have killed many innocents, but none more so than the government of Syria,” Mr Ban said.
Any readers of my site know that I am an avid promoter of the Exodus predictive algorithms. What exactly do they entail? Aside from 500,000 lines of code, we run 125,000 computations per hour, taking in a sundry of data points from both fundamental and technicals schools of thought, alongside a sophisticated forward PE ranking system and using historical market correlations in treasuries, commodities and currencies against the market to produce the world’s best market intelligence platform–hands down.
Having said that, the last Overall market oversold signal occurred in July, before that in March.
On one of the main macro ETFs, QQQ, the last oversold signal was in early March. That’s six months ago, unprecedented.
It’s also worth noting, she’s crushing him in the healthcare donation racket too. Many of you are disillusioned to believe she’ll be tough on big pharma.
WRONG.
When it comes to Wall Street, she’s the Queen Bee, reigning supreme over all others. I wonder why that is?
These hearings are designed to make it look like our government are tough lawmakers and looking out for the small guy. Truth is, the CEO of Wells Fargo left this hearing and went to defecate on Elizabeth Warren’s front lawn.
The banksters own congress and they’ll never do anything to materially hurt them. Sure, they might fine them or introduce regulations to limit their depravity. But at the end of the day, Stumpf and people like him will continue to collect immense bonuses, as his henchmen grind away at the little guy trying to capture a small window of the American dream.
Grant, that was a bit melodramatic. I do have a flair for it, especially when it comes to fuckers like Stumpf–Warren Buffett’s personal catamite.
WFC is higher by 1.6% for the day, straight stuntin’ on the fucktards in Congress.
If the Fed surprises with a rate hike, markets should drop by 500. This is a very low probability trade, but might be worthwhile of a lotto ticket. No one is expecting the Fed to hike and they’ll most likely do nothing. But in the event they do and the black swan even materializes, volatility will skyrocket through the roof, AND MORE.
Some quick back of the envelope trades heading into Thursday are long UVXY, long QQQ puts and if you’re really into this theme, long DUST.
Higher rates means strong dollar, gold down the drain, oil sharply lower, bonds down, stocks down, pain up.
Now if the market really gets hit, there is a chance that TLT will rise, as investors flee for safety. But judging by the recent action, I think everything will go down.
Naturally, the FBI filed this in the circular tray and instead went about their days sipping coffee and taking Instagram photos instead. I think it’s pretty fucking credible when a Father reports that his son is a terrorist.
The father made the statement about his son being a terrorist to New Jersey police in 2014, when Mr. Rahami was arrested after a domestic dispute and accused of stabbing his brother.
The information was passed to the Joint Terrorism Task Force led by the Federal Bureau of Investigation in Newark. Officers opened what is known as an assessment, the most basic of F.B.I. investigations, and interviewed the father, who then recanted.
An official, when asked about the inquiry, said the father made the comment out of anger at his son.
It is not clear if officers interviewed Ahmad Rahami.
On Tuesday morning, outside the family’s restaurant in Elizabeth, the father, Mohammad Rahami, told reporters, “I called the F.B.I. two years ago,” he said, shaking his fingers in the air.
Asked if he specifically meant his son, Mr. Rahami stormed away. A short time later, he responded to a reporter who asked, “Do you think your son is a terrorist?”
“No,” Mohammad Rahami said. “And the F.B.I., they know that.”
Ahmad Rahami spent over three months in jail on charges related to the domestic dispute, according to a high-ranking law enforcement official with knowledge of the investigation. A grand jury, however, declined to indict Mr. Rahami. Assistant Director William F. Sweeney, who heads the F.B.I.’s New York office, alluded on Monday at a news conference to a “domestic incident” in which he said the “allegations were recanted.”
Anyone who has studied the actions of G. Soros over the course of his lifetime knows that he’s satan incarnate. Certain people enjoy his brand of organized chaos, as his money is used to spread deceit and lies and a wrathful world order. Over the past two years, refugees from war stricken areas have fled to the confines of a liberalized Europe, whose men have been neutered through pacifism to the point of self inflicted genocide.
Enter the 86 year old Soros, with a very high powered and well polished PR team, announcing today that he will ‘lead the way’ to help refugees lead a better life by donating $500m to that end.
“We will invest in startups, established companies, social impact initiatives, and businesses started by migrants and refugees. These investments are intended to be successful. But our primary focus is to create products and services that truly benefit migrants and host communities,” the 86-year-old said in an official statement.
“I hope my commitment will inspire other investors to pursue the same mission.”
The pictures and the the rhetoric show hungry babies and desperate women, in search of food and shelter. The truth is the vast majority of the refugees are young men of military age, who give zero fucks about the culture of Europe.
But importantly, more than 20 percent of migrants are minors below the age of 18, and the IOM estimates that more than half of those minors traveling to Europe are traveling as unaccompanied minors—90 percent of whom are males.
source: Politico
According to the Swedish government, upwards of 71% of the refugees swarming into their country are men.
With that in mind, Soros’ Open Society Foundation (OSF) will distribute the funds to these men in order to make sure they remain in Europe, changing the demographics forever. Their charge will be to provide financial and legal services, education and employment opportunities.
The Open Society Foundations (OSF), a non-profit organization owned by Soros, will be in charge of the funds, the statement said. Any profits from the investments would go to the OSF’s migrant and refugee-related programs, which include community centers in Greece and initiatives to provide Syrian refugees with legal advice.
This is fuckery on the largest scale possible. It has gotten so bad in countries like Germany and Sweden, that they’re producing commercials to twist and pervert the symbol of the hajib to be something of a liberal women’s rights issue, in order to convince people to accept and submit.
I’ll say it again, so that you understand clearly. They are trying to sell oppression as something of a right for women and making it appear to be stylish.
