Author's posts
Jan 04
Today’s News 4th January 2016
China Halts Stock Trading For Day After Entire Market Crashes Following the initial halt in CSI-300 Futures at the 5% limit down level, the afternoon session opened to more carnage and amid the worst 'first day of the year' in at least 15 years, Chinese stocks collapsed further to a 7% crash. At 1334 local …
Jan 03
Today’s News 3rd January 2016
ISIS: The 'Enemy' The US Created, Armed, & Funded Submitted by Robert Fantina via TheAntiMedia.org, Out of nowhere, it seems, Daesh, also commonly referred to as ISIL or ISIS, spontaneously formed, a group that perverts aspects of Islam for its own violent ends, and threatens, we are told, all that the civilized world holds dear. …
Jan 02
The Keynesian Recovery Meme Is About To Get Mugged, Part 2
From David Stockmans Contra Corner Our point yesterday was that the Fed and its Wall Street fellow travelers are about to get mugged by the oncoming battering rams of global deflation and domestic recession. When the bust comes, these foolish Keynesian proponents of everything is awesome will be caught like deer in the headlights. That’s because they view the world …
Jan 02
Today’s News 2nd January 2016
Why Did The Pentagon Falsify Reports About Military Successes In Fight Against ISIS? Via tamarlomidze blog, December 11, 2015 Republicans from the House of representatives of the U.S. Congress announced the creation of a special task team that will investigate the facts of distortion of data about the operations of the coalition in Iraq and …
Jan 01
Today’s News 1st January 2016
HaPPY NeW FeaR 2016 . Slope's Best Posts of 2015 Slope of Hope celebrated its 10th anniversary last March, and during the course of 2015, thousands of interesting charts and articles were published. Here’s a sampling of the best of them: The Charlie X Solution – my response to the Charlie Hebdo killings. I …
Dec 31
The Keynesian Recovery Meme Is About To Get Mugged, Part 1
From David Stockman’s Contra Corner – davidstockmanscontracorner.com Yellen said at least one thing of importance last week, but not in a good way. She confessed to the frightening truth that the FOMC formulates its policies and actions based on forecasts of future economic developments. My point is not simply that our monetary politburo couldn’t forecast its way …
Dec 31
Today’s News December 31, 2015
Swiss Army Chief Warns Of Social Unrest, Calls Upon Citizens To Arm Themselves Swiss army chief André Blattmann warned, in a Swiss newspaper article on Sunday, the risks of social unrest in Europe are soaring. Recalling the experience of 1939/1945, Blattman fears the increasing aggression in public discourse is an explosively hazardous situation, and advises …
Dec 30
Today’s News December 30, 2015
China Suspends Foreign Banks' FX Trading As Offshore Yuan Spread Signals Massive Outflows For the first time since the August collapse, Offshore Yuan is trading over 1000 pips weaker (relative to the USDollar) than onshore Yuan, signalling outflows are once again escalating. Following the chaos in HIBOR money-markets, Offshore Yuan has crashed to 6.5970 (below …
Dec 29
Today’s News December 29, 2015
Falling Interest Causes Falling Profits by Keith Weiner Most people assume that prices move as a result of changes in the money supply. Instead, let’s look at the effect of changes in interest. To start, consider a hamburger restaurant. Suppose that the average profit in the burger business is ten percent of invested capital. …
Dec 28
Today’s News December 28, 2015
Something Just Snapped Again In China We have seen this pattern before. In August, the first thing to tumble was Yuan FX rates, then money market rates exploded, and then the stock market tumbled. While it is a little premature, today's sudden plunge in Chinese stocks (as the afternoon session opens) following last week's spike …
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