Archive for the ‘World truth’ Category

Unhinged ‘White Nationalist’ Helps ADL Justify Hate Crime Laws By Threatening Jews On Instagram

James Reardon, 20, was being held on $250,000 bond on Sunday on charges of aggravated menacing and online harassment, according to records from the Mahoning County Sheriff’s Office, for allegedly threatening a local jewish community center in Youngstown, Ohio: Authorities found weapons, ammunition, body armor and a gas mask at his house, local media reported. […]

PIMCO Starts Dumping Bonds, Fears "Helicopter Money" Around The Corner

Amid a collapse in global bond yields (to record lows) and soaring aggregate volumes of central-bank-created negative-yielding debt, at least one big bond shop is dumping sovereigns. Source: Bloomberg “We’re a lot more defensive,” warned PIMCO’s Daniel Ivascyn, group CIO at the massive bond manager, noting that after the best year-to-date performance since 2003, the […]

"Impossible" Events Are Becoming A Daily Occurrence

Submitted by Monday Morning Macro “Impossible” Events Are On The Rise… A 4-sigma event would be expected to happen once or twice in a trading lifetime – according to the most popular VaR-based risk models. We’ve seen 10 of those this month in Treasuries. What we should have learned from the GFC has been all […]

Italy’s Conte Announces Resignation, Setting The Stage For Prime Minister Salvini

Until today, Italy has had 61 governments since World War II. We can now make that 62. Moments ago, during a scathing speech that slammed his his deputy premier, Matteo Salvini of the League who is also Italy’s most popular politicians and defacto leader, said Salvini’s decision to spark a political crisis was “irresponsible,” motivated […]

"This Is Still A ‘Sellable’ Rally"

Authored by Lance Roberts via RealInvestmentAdvice.com, In last Tuesday’s “Technical Update,” I wrote that on a very short-term basis the market had reversed the previously overbought condition, to oversold. “This could very well provide a short-term ‘sellable bounce’ in the market back to the 50-dma. As shown in the chart below, any rally should be used to reduce […]

China Warns Trump It Won’t Make Trade Concession If US "Plays Hong Kong Card"

Just days after Trump for the first time linked the ongoing Hong Kong protests with his assessment of the US-China trade war, Beijing has issued an ultimatum to the White House: the United States should not link trade negotiations with China to the Hong Kong protests, denouncing such a move as a miscalculation. In a […]

UPS Quietly Using Self-Driving Trucks For Months

Authored by Mike Shedlock via MishTalk, UPS teamed up with TuSimple in May for autonomous delivery of cargo. Gizmodo reports UPS Has Been Delivering Cargo in Self-Driving Trucks for Months And No One Knew. UPS announced on Thursday that its venture capital arm has made a minority investment in TuSimple. The announcement also revealed that since […]

The "Trade War" Is Over, Trump Just Doesn’t Realize It Yet!

Authored by Lance Roberts via RealInvestmentAdvice.com, On Tuesday, the markets bid higher following a statement from the U.S. Trade Representative’s office that tariffs will commence on September 1st, but that some products will be delayed until December 15th. To wit: “…some tariffs will take effect on Sept. 1 as planned, ‘certain products are being removed from […]

Turkey-Syria War On The Horizon: Airstrikes Target Invading Turkish Army Convoy

Turkey and Syria could be headed for war as their armies increasingly clash on front lines in southern Idlib, also amid a heavy aerial bombardment by Syrian and Russian jets of al-Qaeda held Khan Sheikhoun. On Monday a Turkish convoy came under attack by Syrian airstrikes while traversing a highway headed toward Khan Sheikhoun. Damascus has […]

Here Comes The Short Gamma "Crash Up"

There is a palpable tension between the two “quant” teams over at Nomura. On one hand, you have the Japanese team led by Masanari Takada, who as we reported last week, is the cause of many a trader nightmares with its predictions of a September “Lehman shock” event in the market. On the other, there […]

Mass Exodus: Near Record Outflows For Financial Service Funds

According to new data from Lipper Alpha Insight, Financial Services Funds (including both mutual funds and exchange-traded funds) saw two of their most significant outflows of 2019 during the first half of August. Financial Services Funds recorded $1.7 billion and $1.3 billion net outflow for the weeks ended Wednesday, August 7 and Wednesday, August 14. […]

‘Con’-fidence

Authored by Sven Henrich via NorthmanTrader.com, Markets are subject to a giant con game. The game of CONfidence. Confidence must be maintained under all circumstances or we’re heading into a global recession first and then a US recession to follow. Consider the macro context here: Nine major economiesare either in recession or on the verge of […]

Which Hedge Funds Are Making A Killing As Yields Collapse

There’s no question that, when it comes to analyzing massive droves of data at lightning speeds, computers are far superior to humans. But when it comes to other deeply complicated skills like, say, composing a symphony or penning a critical essay, humans have the upper hand. Why? Because these tasks require higher levels of judgment […]

Checkmate! Corbyn’s Please Make Me "Temporary PM" Scheme Fails Already

Authored by Mike Shedlock via MishTalk, The Liberal Democrats and key Tories both rejected Corbyn’s scheme to make him a caretaker PM to stop Brexit. Two days ago I noted Corbyn Seeks to Stop Brexit Via “Make Me Temporary PM” Pretty Please Offer. My ending comment was “There is little chance Corbyn’s ‘Make Me PM Pretty […]

America’s Chernobyl, Three Mile Island, Set To Finally Close Its Doors

Few people know that sitting across from the reactor that suffered a partial meltdown on Three Mile Island in 1979 – is another unit that still remains one of the region’s largest power sources. In fact, the second unit has provided power for 45 years without incident. Now, according to Bloomberg, that unit is finally […]

British Colonialism Laid The Ground For The Crises In Hong Kong & Kashmir

Authored by John Wight, Though distance-wise Hong Kong and Kashmir may be about 4,000km (2,485 miles) apart, they have in common a history of being scarred by the crimes of British colonialism. This history and those scars cannot be abstracted when it comes to grasping the nettle of the crises that have engulfed both places […]

Trump Renews License Allowing US Companies To Do Business With Huawei

After unexpectedly conceding to China last week, when Trump announced he would delay imposing the bulk of the 10% tariffs on $300BN in mostly consumer-focused goods from September 1 until mid-December, a move that surprised analysts as it was not based on any concessions from Beijing but was merely a panicked response to the tumbling […]

Twitter Briefly Bans Scaramucci For Calling Trump "Fattest President Since Taft"

Now that the BFF affair between President Trump and former communications director Anthony Scaramucci clearly over,  Trump appears to be getting the best of Scaramucci from a social media standpoint at least for now according to the Daily Mail. Scaramucci found himself briefly suspended from Twitter on Friday after he posted an insult about the […]

Climate Activist Greta Thunberg’s Yacht Trip To America More Harmful To Environment Than Flying

Authored by Paul Joseph Watson via Summit News, Climate activist Greta Thunberg’s virtue signalling trip on a $4 million dollar yacht to lecture Americans about climate change will be more harmful to the environment than if she had flown via aircraft. Thunberg and her team set sail on the Malizia II for a voyage that […]

Midwest Farm Loan Repayment Issues Hit Highest Level Since 1999

Reuters examined a new farm survey by the Federal Reserve Bank of Chicago on Thursday that detailed farm loans at Midwest banks are having the most repayment difficulties in 20 years in 2Q19. Following six years of falling farm income and rising debt levels, and the recent addition of record floods across the Farm Belt and […]

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