Mario Draghi Admits Global QE Has Failed: “The Slowdown Is Probably Not Temporary”

“The conditions in the economies of the rest of the world have undoubtedly proved weaker compared with a few months ago, in particular in the emerging economies. Global growth forecasts have been revised downwards. This slowdown is probably not temporary.”


Draghi Satan

Mario Draghi Admits Global QE Has Failed: “The Slowdown Is Probably Not Temporary”:

Undoubtedly, the most amusing this about the prospect of more easing from the ECB (as telegraphed by Mario Draghi last week) and the BoJ (where Haruhiko Kuroda just jeopardized his status as monetary madman par excellence by failing to expand stimulus) is that both Europe and Japan both recently slid back into deflation despite trillions in central bank asset purchases. 

In other words, the market expects both Draghi and Kuroda to double- and triple- down on policies that clearly aren’t working when it comes to altering inflation expectations and/or boosting aggregate demand. Indeed, both Goldman and BofAML said as much last week. For those who missed it, here’s Goldman’s take

Read moreMario Draghi Admits Global QE Has Failed: “The Slowdown Is Probably Not Temporary”

29 people arrested on sex trafficking charges in 13 cities, 8 states

29 people arrested on sex trafficking charges in 13 cities, 8 states:

Federal authorities arrested 29 people in 13 cities across eight states on sex trafficking charges, as part of a sweeping southern states operation called “Safe Haven,” according to US officials.

The undercover operation involved a loosely affiliated operation that coordinated the movement of Latino females throughout the southeast of the US, according to authorities. The traffickers within the operation were independent operators who coordinated the delivery of women for sexual purposes.

Read more29 people arrested on sex trafficking charges in 13 cities, 8 states

Dead comet with skull face to hurtle by Earth on Halloween

comet

Dead comet with skull face to hurtle by Earth on Halloween:

A massive space rock that will shave by Earth on Halloween looks like a dead comet with a skull face, NASA said after gaining a closer look at the spooky space object.

Astronomers initially thought the object was an asteroid when they spotted it in early October, and named it Asteroid 2015 TB145.

But using the US space agency’s Infrared Telescope Facility (IRTF) on Mauna Kea, Hawaii, experts “have determined that the celestial object is more than likely a dead comet that has shed its volatiles after numerous passes around the sun,” NASA’s Jet Propulsion Laboratory said in a statement late Friday.

Scientists have also spotted an eerie skull-like resemblance on the face of the rock, based on radar data from the National Science Foundation’s 305-meter (1,000-foot) Arecibo Observatory in Puerto Rico.

Read moreDead comet with skull face to hurtle by Earth on Halloween

More Than 13 Feet Of Snow Mount Rainier, WA By Monday Evening

More than 13 feet of snow Mount Rainier, WA by Monday evening:

Four meters of snow in just four days!

As of yesterday morning, NOAA was predicting between 122 and 162 inches of snow (10 to 13½ FEET!) on Mt. Rainier at higher elevations.

Combined with 65 mph winds and temperatures in the 20-30 degree Fahrenheit range, wind chills will drop to near zero Fahrenheit.

Read moreMore Than 13 Feet Of Snow Mount Rainier, WA By Monday Evening

Russia’s Putin Says Global Warming Is ‘A Fraud’

Putin Defies The West, Leads BRICS Alliance Away From NWO Reservation

Russia’s Putin Says Global Warming Is ‘A Fraud’:

Russian President Vladimir Putin believes global warming is a “fraud” — a plot to keep Russia from using its vast oil and natural gas reserves.

Putin believes “there is no global warming, that this is a fraud to restrain the industrial development of several countries, including Russia,” Stanislav Belkovsky, a political analyst and Putin critic, told The New York Times.

Read moreRussia’s Putin Says Global Warming Is ‘A Fraud’

Withdrawals Of Gold From NY Fed Jump To 20 Tons In September, Total 276 Tons Since 2014

Withdrawals Of Gold From NY Fed Jump To 20 Tons In September, Total 276 Tons Since 2014:

In September, the total physical gold held in custody at the NY Fed dropped another 19.9 tons in September, down to 5,919.5 tons. This was a doubling in gold withdrawals from 10 tons in August, and is the highest withdrawal since January. At just under 5,920 total tons in NY Fed inventory, this is the lowest amount of gold held in NY Fed custody in decades.

Obama Announces “Boots on the Ground” in Syria, Despite Promising “No Boots on the Ground” 16 Times

Obama-Foreign-Policy

Obama Announces “Boots on the Ground” in Syria, Despite Promising “No Boots on the Ground” 16 Times:

The following was reported by Reuters earlier today.

The United States will deploy dozens of special operations forces to northern Syria to advise opposition forces in their fight against Islamic State, a major policy shift for President Barack Obama and a step he has long resisted to avoid getting dragged into another war in the Middle East.

Read moreObama Announces “Boots on the Ground” in Syria, Despite Promising “No Boots on the Ground” 16 Times

Pentagon Commits To Doling Out $80 Billion For Another Bomber

Pentagon Commits To Doling Out $80 Billion For Another Bomber:

So much for the ‘age of austerity.’ While in the middle of dealing with the trillion-dollar boondoggle known as the F-35 project, the Department of Defense has committed to spend another $80 billion on bomber it does not need. The next generation long range strike bomber (LRS-B) will be the first new bomber since the Cold War.

The contract from the US Air Force was awarded to Northrop Grumman, who beat out Lockheed Martin and Boeing to build a bomber that is not expected to be operational until the 2020s. The current estimated cost for the bombers is $564 million each (and you can expect that number to go up).

Read morePentagon Commits To Doling Out $80 Billion For Another Bomber

Russia: US may have delusion of winning war with Russia

Russia: US may have delusion of winning war with Russia:

A senior Russian government official says some in the U.S. may have a delusion of winning a war with Russia with new conventional weapons without resorting to nuclear arms.

Dmitry Rogozin, a deputy prime minister in charge of military industries, said in remarks carried Friday by Russian news agencies that “for the first time ever, the American strategists have developed an illusion … that they may defeat a nuclear power in a non-nuclear war.” He added that “it’s nonsense, and it will never happen.”

Read moreRussia: US may have delusion of winning war with Russia