Archive for 2016

27-Year-Old Syrian Suicide Bomber Behind German Music Festival Attack That Injured 12

Courtesy of ZeroHedge. View original post here.

Update 2: The suspect behind an explosion that injured 12 people in Bavaria was a 27-year-old asylum seeker from Syria, Bavarian Interior Minister Joachim Herrmann says early Monday. The suspect, who arrived in Germany two years ago, died in the blast. He had been refused asylum, Bavarian authorities told a press conference. His application was rejected a year ago but the man was allowed to stay in Germany temporarily, due to ongoing hostilities in Syria.

Police say they do not yet known if the attacker had any radical Islamist background. The investigations is currently focused on attacker’s communications.

*  *  *

Update 1: “A man, according to our current knowledge the perpetrator, died” in the blast they said in the short statement. Further details weren’t immediately available and they did not pick up their telephone lines.

*  *  *

As we detailed earlier, capping an awful week for Germany (and France), an explosion in the city of Ansbach, originally reported as a gas leak, has been confirmed as being caused by “an explosive device.

As The Telegraph reports, one person is dead (believed to be the bomber) and at least 11 more injured as the explosion occured shortly after 10pm outside a wine bar near the entrance to an open-air music festival, where there were some 2,500 people in attendance. The festival was shut down as a precaution.

With Germany already on high alert following the events in Reutlingen and Munich.

On Sunday, 21-year-old asylum-seeker from Syria killed a woman, reported to be pregnant, with a meat cleaver in the southern German town of Reutlingen.

Only two days earlier an 18-year-old man killed nine people in a shooting near a shopping centre in Munich, before turning the gun on himself.

One person has been killed and another 11 injured in an explosion at a cafe in the Bavarian city of Ansbach. (via The Telegraph)

A spokesman for the Bavarian Interior Ministry said the explosion was not an accident and appears to have been intentional.

Bavarian Interior Minister Joachim Herrmann was en route to the site, the spokesman said.

The blast killed one person and injured 11 others in the Bavarian city, police confirmed late on Sunday. It said the cause of


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Attacker Dead, 10 Injured After Blast “From Explosive Device” At Major German Music Festival

Courtesy of ZeroHedge. View original post here.

Update 1: “A man, according to our current knowledge the perpetrator, died” in the blast they said in the short statement. Further details weren’t immediately available and they did not pick up their telephone lines.

*  *  *

As we detailed earlier, capping an awful week for Germany (and France), an explosion in the city of Ansbach, originally reported as a gas leak, has been confirmed as being caused by “an explosive device.

As The Telegraph reports, one person is dead (believed to be the bomber) and at least 11 more injured as the explosion occured shortly after 10pm outside a wine bar near the entrance to an open-air music festival, where there were some 2,500 people in attendance. The festival was shut down as a precaution.

With Germany already on high alert following the events in Reutlingen and Munich.

On Sunday, 21-year-old asylum-seeker from Syria killed a woman, reported to be pregnant, with a meat cleaver in the southern German town of Reutlingen.

Only two days earlier an 18-year-old man killed nine people in a shooting near a shopping centre in Munich, before turning the gun on himself.

One person has been killed and another 11 injured in an explosion at a cafe in the Bavarian city of Ansbach. (via The Telegraph)

A spokesman for the Bavarian Interior Ministry said the explosion was not an accident and appears to have been intentional.

Bavarian Interior Minister Joachim Herrmann was en route to the site, the spokesman said.

The blast killed one person and injured 11 others in the Bavarian city, police confirmed late on Sunday. It said the cause of the blast was unknown.

The blast a at Eugene’s Wine Bar triggered a large-scale police operation involving police, rescue workers and one helicopter, Sky News said.

The blast was initially reported to have been caused by a gas leak.

News agency Dpa reports that an open-air concert nearby with some 2,500 in attendance was shut down as a precaution after the explosion.

Additionally,  AP reports that

Police in the southern German city of Ansbach say the man was killed when an explosive device he was believed to be carrying went off near an open-air music festival,

The only question left now is how long before an otherwise patient German population react after three apparent mass attacks in one week?





Top Ten Videos – July 25

Courtesy of John Rubino.

Jim Rickards, Egon von Greyerz, and Ronald-Peter Stoeferle on gold. Craig Hemke on negative interest rates. Brexit remains an issue, stocks are headed for a fall, and the Clinton Foundation is accused of corruption.

Visit John’s Dollar Collapse blog here





“It’s Not Panicking If You’re First” – China Devaluation Is Closer Than Anyone Thinks

Courtesy of ZeroHedge. View original post here.

Once again – ahead of the G-20 meetings – China’s currency mysteriously abated its incessant plunge suggesting ‘stability’. As Bloomberg notes, history shows that the Chinese currency usually strengthens ahead of major political or economic events, such as President Xi Jinping’s state visits to the U.S. and the Boao Forum.

The People’s Bank of China raised its daily reference rate for the yuan in each of the last three days, spurring speculation it is acting to limit losses in the currency.

Howeber, as Mark St.Cyr notes, lately there have been quite a few warning signs pertaining to China. Yet, concern seems anathema to not only the “markets,” but the media in general. However, I’m of the opinion that is all about to change. And that “change” is not years away, but rather, sooner (and much sooner at that) than later.

To use an analogy, I don’t think there’s a better one than the old “Bull in a china shop.” Sure there’s no broken dishes currently, but that’s because the bull has yet chosen an aisle to venture down. That is – if he chooses to use an aisle at all. And the “markets” are behaving as if the bull can somehow read or cares about the “you break it – you own it!” sign. This pretty much sums up the absurdity of complacency now taking place in the “markets.”

Last week China’s GDP figure was reported to be 6.7, beating consensus by just a tick. However, there was some concern that the print might come in (heaven forbid) below consensus. Why the need for any concern one might ask? After all, when your GDP figure is basically announced well in advance (e.g., 6.5 – 7.0) then hit with statistical precision, report, after report, after report as announced by the politburo of a communist controlled economy. Again, why sweat it? The so-called “smart crowd” weren’t.

Easy: Today, in a market so utterly adulterated and carry trade sensitive via central bank meddling, just a tick lower of the expected 6.6, as opposed to their tick higher beat, has ominous implications. For any movement lower is now suspect or viewed by the outside world as “just how bad is it if they reported lower?” An inline, or even just a tick higher beat


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Obama’s “Deeply Disappointed” Half-Brother Will Vote Trump Because “He Speaks From The Heart”

Courtesy of ZeroHedge. View original post here.

“Mr. Trump is providing something new and something fresh,” explains Malik Obama – President Obama’s half brother – while wearing his resplendent red ‘Make America Great Again’ cap. Describing his “deep disappointment” in his brother Barack’s administration, The NY Post reports, has led him to recently switch allegiance to “the party of Lincoln.”

As The New York Post reports, President Obama’s Kenyan half-brother wants to make America great again — so he’s voting for Donald Trump…

“I like Donald Trump because he speaks from the heart,” Malik Obama told The Post from his home in the rural village of Kogelo. “Make America Great Again is a great slogan. I would like to meet him.”

Obama, 58, a longtime Democrat, said his “deep disappointment” in his brother Barack’s administration has led him to recently switch allegiance to “the party of Lincoln.”

The last straw, he said, came earlier this month when FBI Director James Comey recommended not prosecuting Democratic presidential candidate Hillary Clinton over her use of a private e-mail servers while secretary of state.

“She should have known better as the custodian of classified information,” said Obama.

Obama plans to trek back to the US to vote for Trump in November. Obama used to live in Maryland, where he worked for many years as an accountant and is registered to vote there, public records show.

Malik Obama, the eldest, is the director of the Barack H. Obama Foundation, a controversial Virginia charity named for his father.

He says he started the charity in 2008 because he wanted to make a difference in the family’s hardscrabble village in Kenya.

But the charity came under fire when The Post revealed in 2011 that it was an off-the-books operation that hadn’t registered with the state of Virginia or, as it claimed, had tax-exempt status from the IRS.

Shortly after The Post report, the IRS gave its stamp of approval, leading to speculation that the president had intervened.

Lately, family ties seem to be frayed. Obama, who was best man at the president’s wedding, said he spoke to his brother a year ago and was miffed that he did nothing to help his own foray


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Anti-US Sabotage Suspected After Massive Fire Breaks Out Near NATO Headquarters In Turkey

Courtesy of ZeroHedge. View original post here.

A massive fire erupted near a NATO base in the Buca district, near Izmir, Turkey. The fire broke out on Sunday evening in western Turkey. The fire blew through the grassy wooded area and is now perilously near NATO’s military base pushed forward by strong winds.

The NATO base in proximity to the inferno is Allied Land Command (LANDCOM), the standing headquarters for NATO land forces in the region. The Commander LANDCOM is the prime land warfare advisor to the Alliance. From its Wikipedia page we learn that “when directed by the Supreme Allied Commander Europe, it provides the core of the headquarters responsible for the conduct of land operations. The command is based at Sirinyer (Buca), ?zmir in Turkey.

Large fire in Izmir Buca, near the NATO base in Turkey. Fire is approaching base pic.twitter.com/TNYSmZYf9n https://t.co/NmjWEC5rmn

— Dreaming of Peace (@cjsienna55) July 24, 2016

VIDEO: Massive fire near NATO base in Izmir, Turkeypic.twitter.com/C0mqhWY9qe #TECH #News #Technology #aws #startup #Breaking

— TGVIA (@TGVIA) July 24, 2016

According to CNN Turk, the fire is threatening a number of populated areas, and has already impacted a home for the elderly and its adjacent garden.

?zmir Buca’da ki Yang?n Kontrol Alt?na Al?nam?yor!

?hmal+Sabotaj:?zmir Yan?yor! pic.twitter.com/9byk2Onamn

— Göztepe Life (@GoztepeLife) July 24, 2016

In a surprising twist, local authorities are investigating the fire as a possible act of anti-American sabotage.

The fire erupted shortly after Erdogan’s leading Islamist paper headline officially targeted a US commander as coup leader adding his name & picture, in what local commentators dubbed as an “all out war” by Erdogan on the US.

#OMG: leading Erdo?an’s Islamist paper headline targets US commander as coup leader w name & picture.
all out war? pic.twitter.com/fcRkrQ5UR5

— ilhan tanir (@WashingtonPoint) July 24, 2016

It remains to be seen if anti-US sentiment in Turkey – allegedly for housing Fethullah Gulen and being the “mastermind” behind the coup, is on the rise.

Under the NATO nuclear weapons sharing program, Washington maintains its largest overseas nuclear arsenal in Turkey, consisting of up to 50


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“Champagne Supernova” – IceCap Asks What Happens When The Bond Bubble Finally Pops

Courtesy of ZeroHedge. View original post here.

Submitted by Keith Decker of IceCap Asset Management

Don’t Look Back in Anger

ENGLAND (Knebworth Park, 1996) – Owning the front of the stage, Liam Gallagher closed his eyes and liked what he saw. Thousands of screaming, pushing and kicking fans positioning themselves for the what would be THE concert of the year.

For Liam, it was total chaos and he loved it.

Twenty feet away, Noel Gallagher also closed his eyes but what he saw wasn’t chaotic at all. Instead of small pockets of rebellious concert goers, Noel saw a sea of 250,000 people strong. They ebbed and flowed and sang together – all eyes and hearts were focused on the stage gifting Oasis the energy to make THE concert of the year.

For Noel, it was total harmony and he loved it.

The concert turned into an instant classic in the music world. Both Liam and Noel, strummed together one of the best evenings of 90s rock ever to be recorded. As for the evening being chaotic or harmonious – it really depended upon your perspective.

Today, the Gallagher brothers no longer speak to each other, let alone play music together.

Perhaps Liam was right after all – the entire Oasis experience was complete chaos. Or maybe, Noel was correct – when all of the chaos was combined, the ending was both harmonious and predictable.

As music imitates life, today many people are trying to make sense of the chaos swamping the world.

Yet, if one looked at the world from a slightly different perspective, perhaps you too will see a world of harmony and one with a certain outcome.

* * *

Everything in the world is connected – political, social, economic, fiscal, monetary and financial markets are all intricately linked. Yet, what’s extremely interesting today is that for the first time in our lifetime, they are all converging toward extreme levels simultaneously. And once you see it, be prepared for a champagne supernova smile to wrap around your face and all your troubles to be half the world away.

Chaos or Harmony

To really grasp the enormity of the chaos around the world today, spend a few minutes on our Chart 1.

As we’re an investment management firm, we ultimately


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Here’s Why The New DNC Chair Is About To Make Bernie Supporters Just As Angry

Courtesy of ZeroHedge. View original post here.

Meet Donna Brazile – interim party chair after Debbie Wasserman Schultz (DWS) resignation over Wikileaks-email-leaked proof confirming months of accusations that she had put her thumb on the scales in favor of presumptive nominee Hillary Clinton…

The only problem is… a quick search of Wikileaks leaked DNC email database shows… Brazile is exactly the same as DWS – clearly demonstrating bias against the Sanders’ camp…

And rejecting Sanders’ efforts to battle the rigged super-delegate system as “another lunacy”…

So now, following Bernie’s statement with regard DWS’ resignation…

JUST IN: Bernie Sanders statement on the resignation of DWS: pic.twitter.com/QsZPYmie4f

— Kyle Griffin (@kylegriffin1) July 24, 2016

We suspect, Sanders’ supporters will be screaming for more blood (and rightfully so) and the deeply-rigged nature of today’s body politik spews to the surface once again.

Donna Brazil swiftly corrects Jake tappert when wrongly suggests she supports #HillaryClinton WHOOPS!! Awkward???? pic.twitter.com/VzT4Gt8heL

— DCSportNut (@DCSportNut) January 24, 2016





Presenting “Putin’s Useful Idiot”: Anyone Who Disagrees With The Establishment

Courtesy of ZeroHedge. View original post here.

This weekend we once again got confirmation that any time the generic narrative spectacularly falls apart, and the “establishment” is caught with its pants down (or, in the case of the DNC, engaging in borderline election fraud leading to what the FT just described as “Democrats in turmoil“) what does it do? Why blame Putin of course, and more specifically his “useful idiots”, and hope the whole thing blows over quickly.

Not convinced? Here is the proof.

And of course:

h/t @Bryan MacDonald





Celebrating 45 Years Of Phony Money

Courtesy of ZeroHedge. View original post here.

Authored by Bonner & Partners’ Bill Bonner (annotated by Acting-Man’s Pater Tenebrarum),

$300 Trillion in Debt

After our trip to Las Vegas, we spent one night in Baltimore and then got on another airplane. Standing in line, unpacking bags, getting zapped by X-ray machines – it has all become so routine we almost forget how absurd it is.

A TSA agent waits for passengers to pass through a magnetometer at Los Angeles International Airport (LAX) on November 22, 2010 in Los Angeles, California. Some passengers are subjected to Advanced Imaging Technology AIT scanners that see through clothing to photograph the entire body to reveal undisclosed objects. Increasing use of the scanner at airports by the Transportation Security Administration (TSA) is being met with outrage by many US travelers. Passengers who refuse an X-ray scan are required to undergo an intimate pat down by TSA agents.

Get ready to be invaded, citizen…

 

While armies of TSA agents pat down grandmothers and Girl Scouts, ex-soldiers take aim at the police… nutcases run down tourists with delivery trucks… and a fellow with a grudge against gays nearly wipes out an entire nightclub.

We feel so lucky. It is not every generation that gets to witness so many grotesque things at once. Stocks are at an all-time high. Bond yields are at an all-time low. And never have so many people owed so much to so few.

Dear readers may accuse us of “belaboring the subject.” Or of “beating a dead horse.” But in today’s Diary, we’re going to lay on the whip again. This horse isn’t dead at all. He’s got the bit in his teeth – and is running wild. Stick with us here…

According to our friend Richard Duncan’s latest estimate over at Macro Watch, world debt has climbed to $300 trillion. That’s up from roughly $200 trillion before the 2008 financial crisis. In the world’s five major economies, it has doubled since 2002.

Now, the whole shebang depends on debt. All of this debt is calibrated in “money,” which is the most extraordinary thing of all. The key to understanding today’s economy is to realize that money isn’t wealth and today’s dollar isn’t even money.

1-debt distribution

G-10 distribution of debt as a percentage of GDP (note that a lot of UK debt is financial debt, which is partly a result of London’s importance as a global financial center) – click to enlarge.

Real Limits

Normally, money is just a way of keeping track of wealth. It’s like a clock. A clock isn’t the same as time; it just measures it. The Parasitocracy – led by central banks – pretends that adding more money to the system will make people richer.

That’s why they have lowered interest rates to zero and


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Zero Hedge

Trapped (When Will We Know 'They' Lost Control?)

Courtesy of ZeroHedge View original post here.

Authored by Sven Henrich via NorthmanTrader.com,

What? You thought a 850+ point drop in the $DJIA would result in a down week? No Sir. The unholy alliance has struck again. Massive jawboning by multiple administration officials about how well the China trade deal was going, a favorable jobs report and above all, the US Federal Reserve, all contributed to a furious rally to make markets green for the week on (whe...



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Phil's Favorites

The Portfolio Gap

 

The Portfolio Gap

Courtesy of 

Dalbar is known for publishing a study on returns from equity funds compared to the returns that investors capture in those same funds. Every year reveals the same message: The average investor, with remarkable consistency, underperforms their own investments, ostensibly by buying and selling at inopportune times.

The methodology behind the study has been under assault for at least the last 15 years. Here is ...



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Digital Currencies

Visualizing The New Cryptocurrency Economy

Courtesy of ZeroeHedge

Over a decade ago, the birth of Bitcoin sparked a revolution in the digital world - and just last year, the number of active cryptocurrencies jumped from roughly 1,600 to over 3,000 worldwide.

As Visual Capitalist's Ashley Viens details below, cryptocurrencies have now evolved past simple digital currencies, offering solutions to meet the complex needs of modern financial markets.

Today’s graphic from Abra visualizes the complex, ever-evolving cryptocurrency ecosys...



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Kimble Charting Solutions

Gold Miners Indicator Attempting Multi-Year Breakout, Says Joe Friday

Courtesy of Chris Kimble

Are Gold Mining stocks about to be sent a bullish signal they haven’t received in years? Possible says Joe Friday.

This chart looks at the Senior Miner/Junior miner (GDXJ/GDX) ratio over the past few years. Historically when the ratio is heading up, miners tend to do very well.

The ratio has created a series of lower highs just below the falling line (1), since the summer of 2016. The ratio is currently testing the strong falling resistance line and the June 2019 highs at (2).

Joe Friday Just The Facts Ma’am; If the ratio succeeds in a double breakout at (2), it sends miners a long-awaited bullish message.

...

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Insider Scoop

Scott Galloway Calls For Twitter's Board To Replace 'Part-Time CEO' Jack Dorsey Amid Africa Move Plans

Courtesy of Benzinga

A shareholder in Twitter Inc. (NASDAQ: TWTR) and New York University business professor wrote an open letter Friday to the company's board calling for the replacement of CEO Jack Dorsey.

What To Know

Scott Galloway, who owns more than 330,000 shares of Twitter stock a...



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Lee's Free Thinking

Chart Shows the Fed Ramping Up Not QE - Funding Almost All Treasury Issuance

 

Chart Shows the Fed Ramping Up Not QE – Funding Almost All Treasury Issuance

Courtesy of Lee Adler, Wall Street Examiner 

The Fed is ramping up “Not QE” .

The Fed bought $2.2 billion in notes today in its POMO, “not QE,” operations. Actually $2.15 billion because they sold back a whole $50 million. Must have been a little glitch in the force.

This brings the Fed’s total outright purchases of Treasuries to $170 billion since it started Not QE, on September 17.

It also did $107 billion in gross new repo loans to Primary Dealers to buy Tre...



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Chart School

Silver stock taking the sector higher

Courtesy of Read the Ticker

As the US economy begins to show late cycle characteristics like: GDP slowing, higher inflation, higher wage costs, CEO confidence slump. 

Previous Post: Gold Stocks Review

The big players in the market are looking for the next swing off good value lows. This means more money is finding it way into the gold and silver sector, and it is said gold and silver stocks actually lead the metal prices.

The cycle below shows prices are ready to move in the months ahead (older chart re posted).


Click for popup. Clear your browser cache if image is not showing...



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Members' Corner

Sacha Baron Cohen Uses ADL Speech to Tear Apart Mark Zuckerberg and Facebook

 

Sacha Baron Cohen Uses ADL Speech to Tear Apart Mark Zuckerberg and Facebook

By Matt Wilstein

Excerpt:

Sacha Baron Cohen accepted the International Leadership Award at the Anti-Defamation League’s Never is Now summit on anti-Semitism and hate Thursday. And the comedian and actor used his keynote speech to single out the one Jewish-American who he believes is doing the most to facilitate “hate and violence” in America: Facebook founder and CEO Mark Zuckerberg.

He began with a joke at the Trump administration’s expense. “Thank you, ADL, for this recognition and your work in fighting racism, hate and bigotry,” Baron Cohen said, according to his prepared...



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The Technical Traders

VIX Warns Of Imminent Market Correction

Courtesy of Technical Traders

The VIX is warning that a market peak may be setting up in the global markets and that investors should be cautious of the extremely low price in the VIX. These extremely low prices in the VIX are typically followed by some type of increased volatility in the markets.

The US Federal Reserve continues to push an easy money policy and has recently begun acquiring more dept allowing a deeper move towards a Quantitative Easing stance. This move, along with investor confidence in the US markets, has prompted early warning signs that the market has reached near extreme levels/peaks. 

Vix Value Drops Before Monthly Expiration

When the VIX falls to levels below 12~13, this typically v...



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Biotech

Why telling people with diabetes to use Walmart insulin can be dangerous advice

Reminder: We are available to chat with Members, comments are found below each post.

 

Why telling people with diabetes to use Walmart insulin can be dangerous advice

A vial of insulin. Prices for the drug, crucial for those with diabetes, have soared in recent years. Oleksandr Nagaiets/Shutterstock.com

Courtesy of Jeffrey Bennett, Vanderbilt University

About 7.4 million people ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

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Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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