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Today’s News 19th May 2016

EU-Turkey Migrant Deal Unravels Turning Greece Into Massive Refugee Camp Submitted by Soeren Kern via The Gatestone Institute, "It can be expected that, as soon as Turkish citizens will obtain visa-free entry to the EU, foreign nationals will start trying to obtain Turkish passports … or use the identities of Turkish citizens, or to obtain …

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Today’s News 18th May 2016

The Fed Needs to Raise Rates at the June and December Meetings (Video) By EconMatters   It is obvious that the unintended consequences of ZIRP have destroyed financial market structure which ultimately flows through to the broader economy. All the financials, the layoffs on Wall Street, and the way assets are trading in the financial …

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Today’s News 17th May 2016

BofA Research Analyst Paul Ciana Stopped Out on Oil Short Call (Video) By EconMatters Technical Analysis is a tool that requires a lot of Art in its application compiled with the mathematical science underlying the craft. © EconMatters All Rights Reserved | Facebook | Twitter | YouTube | Email Digest | Kindle   Belgian Police Warn …

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Today’s News 16th May 2016

"We're Going To Do It, F**k It" – Venezuela's Maduro Orders Military Exercises For Next Weekend Over the past several days, things in Venezuela have not only taken a palpable turn for the worse, but now seem to be moving at an accelerating pace toward the inevitable endgame for the Maduro regime and whatever happens …

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Today’s News 15th May 2016

Recession Watch: Freight Volume Drops to Worst Level since 2010 By Wolf Richter of Wolf Street Freight shipments by truck and rail in the US fell 4.9% in April from the beaten-down levels of April 2015, according to the Cass Transportation Index, released on Friday. It was the worst April since 2010, which followed the worst …

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Today’s News 14th May 2016

Facebook and Exxon Mobil are both Overvalued Stocks for Different Reasons (Video) By EconMatters   XOM is trading as a Bond in this yield chasing QE inspired Central Bank World, and FB is your classic momentum stock. The first lesson of modern investing is that everything is a trade in financial markets. Avoid being the bag …

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Today’s News 13th May 2016

Arizona Governor Ducey Vetoes Gold by Keith Weiner   In my testimony in support of the gold legal tender bill this year, I discussed failing pension funds. Retirees who count on their pension checks are being told that their monthly check will be reduced by up to 60%. This is devastating to them, obviously. What …

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Today’s News 12th May 2016

Should the Gold Price Keep Up with Inflation? by Keith Weiner   The popular belief is that gold is a good hedge against inflation. Owning gold will protect you from rising prices. Is that true? Most people define inflation as rising prices. Economists will quibble and say technically it’s the increase in the quantity of …

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Today’s News 11th May 2016

Introducing The London Kleptocracy Bus Tour Submitted by Mike Krieger via Liberty Blitzkrieg blog, The City is a semi-offshore state, a bit like the UK’s crown dependencies and overseas territories, tax havens legitimised by the Privy Council. Britain’s financial secrecy undermines the tax base while providing a conduit into the legal economy for gangsters, kleptocrats and drug barons. …

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Today’s News 10th May 2016

Caught On Tape: This Is What Happened When An MEP Tried To Read The TTIP Text Submitted by Mike Krieger via Liberty Blitzkrieg blog, TTIP is just one of several phony “trade” deals written by corporate lawyers and lobbyists, and negotiated in secret between the Obama administration and various world leaders. This particular scam involves the …

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