Recovery? 50% More New Yorkers Sleeping In Shelters Than In 2010

Homeless_NYC

Recovery? 50% More New Yorkers Sleeping In Shelters Than In 2010 (ZeroHedge, March 10, 2015):

On Friday we enthusiastically pointed out that in February, the US economy added nearly 60,000 new waiters and bartenders, the largest increase since August 2013, in what is obviously a sure sign that US economic growth has finally reached “escape velocity” (nevermind that real GDP growth is tracking around 1.2%). We also noted that even as the unemployment rate ticks lower, the number of Americans not in the labor force just hit a fresh high of nearly 93,000,000 while the labor force participation rate sits at a nearly four decade low. Finally, we thought it worth mentioning that February’s auto sales numbers and the rising rate of repeat foreclosures in January suggest that perhaps autos and housing aren’t doing as well as the media would have you believe.

It is against this backdrop that we present the following, which should serve as further evidence of the underlying strength in the US economy…

Read moreRecovery? 50% More New Yorkers Sleeping In Shelters Than In 2010

Next Mega-Bailout On Deck: White House Studying “New Bankruptcy Options” For Student-Loan Borrowers

Obama signs a presidential memorandum, a Student Aid Bill of Rights to Help Ensure Affordable Loan Repayment, in the Oval Office in Washington

Next Mega-Bailout On Deck: White House Studying “New Bankruptcy Options” For Student-Loan Borrowers (ZeroHedge, March 10, 2015):

It appears that just as the administration is finally figuring out what HFT is, it also decided to take a look at the charts above and has made a decision: the next bailout is about to be unveiled, and it will involve a “streamlined” bankruptcy law allowing students to discharge their student debt.

EURUSD Tumbles To 1.06 Handle, Swissy Slides To USD Parity … When Does The Euro Become The Ruble?

EURUSD Tumbles To 1.06 Handle, Swissy Slides To USD Parity (ZeroHedge, March 10, 2015):

When does the Euro become the Ruble?

This is the weakest for the Euro since April 2003…

20150310_chf1

And swissy is back at parity – *USD/CHF AT PARITY FOR FIRST TIME SINCE SNB REMOVED FRANC CAP

Read moreEURUSD Tumbles To 1.06 Handle, Swissy Slides To USD Parity … When Does The Euro Become The Ruble?

Recession Alarm: Wholesale Sales Plunge Alongside Factory Orders, Worst Since Lehman

 – Recession Alarm: Wholesale Sales Plunge Alongside Factory Orders, Worst Since Lehman (ZeroHedge, March 10, 2015):

 For the first time since Lehman, Wholesale Trade Sales dropped for a 3rd month in a row in January. Plunging 3.1% MoM (against -0.5% expectations), this is the biggest drop since March 2009. Excluding auto sales, wholesale sales fell 3.5%. Wholesale inventories rose 0.3% (beating expectations) with only a very modest -0.1% drag from oil.

This has sent the inventory-to-sales ratio soaring as the “Field Of Dreams” economy is back – but as one wise trader noted, we are now 10bps higher in inventory/sales than when we entered the recession in Dec 2007.

Wikipedia Founder Sues NSA, Demands “End To NSA’s Dragnet Surveillance Of Internet Traffic”

 obama-big-brother

Wikipedia Founder Sues NSA, Demands “End To NSA’s Dragnet Surveillance Of Internet Traffic” (ZeroHedge, March 10, 2015):

By Jimmy Wales, the founder of Wikipedia, is a board member of the Wikimedia Foundation, of which Lila Tretikov is the executive director, first posted in the NYT.

Stop Spying on Wikipedia Users

TODAY, we’re filing a lawsuit against the National Security Agency to protect the rights of the 500 million people who use Wikipedia every month. We’re doing so because a fundamental pillar of democracy is at stake: the free exchange of knowledge and ideas.

Our lawsuit says that the N.S.A.’s mass surveillance of Internet traffic on American soil — often called “upstream” surveillance — violates the Fourth Amendment, which protects the right to privacy, as well as the First Amendment, which protects the freedoms of expression and association. We also argue that this agency activity exceeds the authority granted by the Foreign Intelligence Surveillance Act that Congress amended in 2008.

Read moreWikipedia Founder Sues NSA, Demands “End To NSA’s Dragnet Surveillance Of Internet Traffic”

In Great Britain, Powerful Pedophiles are Seemingly Everywhere and Totally Above the Law

Related info:

The sinister treatment of dissent at the BBC: The whistleblowers who broke the Jimmy Savile story have seen their careers nosedive


 jimmy-savile-prince-charlesjimmy-saville-666Jimmy-Savile-Margaret-Thatchertony-blair-jimmy-saville 

In Great Britain, Powerful Pedophiles are Seemingly Everywhere and Totally Above the Law (Liberty Blitzkrieg, March 9, 2015):

A newspaper editor was handed startling evidence that Britain’s top law enforcement official knew there was a VIP pedophile network in Westminster, at the heart of the British government. What happened next in the summer of 1984 helps to explain how shocking allegations of rape and murder against some of the country’s most powerful men went unchecked for decades.

Less than 24 hours after starting to inquire about the dossier presented to him by a senior Labour Party politician, the editor was confronted in his office by a furious member of parliament who threatened him and demanded the documents. “He was frothing at the mouth and really shouting and spitting in my face,” Don Hale told The Daily Beast. “He was straight at me like a raging lion; he was ready to knock me through the wall.”

Despite the MP’s explosive intervention, Hale refused to hand over the papers which appeared to show that Leon Brittan, Margaret Thatcher’s Home Secretary, was fully aware of a pedophile network that included top politicians.

The editor’s resistance was futile; the following morning, police officers from the counter-terror and intelligence unit known as Special Branch burst into the newspaper office, seized the material and threatened to have Hale arrested if he ever reported what had been found.

– From the Daily Beast article: How Thatcher’s Government Covered Up a VIP Pedophile Ring

Sexually molesting extremely small children is one of the most heinous acts a person can commit while existing as a human being on this planet. Since 99% of humanity agrees with this assessment, the incredibly small group of predators who get off on this sort of behavior understand they need to occupy the most elite levels of esteemed institutions in order to safely get away with their vile behavior. This is precisely why so many of the worst pedophiles tends to be very powerful businessmen, politicians and higher ups in organized religion.

This is a topic I’ve explored previously. For example, in the post, In Great Britain, Protecting Pedophile Politicians is a Matter of “National Security”, I wrote:

Read moreIn Great Britain, Powerful Pedophiles are Seemingly Everywhere and Totally Above the Law

Venezuela’s Maduro Mocks Obama, Grants Himself “Special Powers” To Defend Against “Imperialist Aggression”

 – Venezuela’s Maduro Mocks Obama, Grants Himself “Special Powers” To Defend Against “Imperialist Aggression” (ZeroHedge, March 10, 2015):

Maybe it is because the soap-opera factor of the puppet proxy civil war in east Ukraine is dying down, it is time for another major geopolitical diversion, and it appears that the administration’s attention this time has fallen on Venezuela.

Perhaps he was tired of being accused for being too soft and engaging in a detente with not only Iran but Cuba, and so he decided to turn his attention on the one country he knew had absolutely no way of retaliating especially now that Venezuela’s only asset, has become a liability and all production at current prices is a loss maker for Caracas.

Whatever the reason, as Reuters reported yesterday, the United States on Monday yesterday declared Venezuela a national security threat and ordered sanctions against seven officials from the oil-rich country in the worst bilateral diplomatic dispute since socialist President Nicolas Maduro took office in 2013.

Read moreVenezuela’s Maduro Mocks Obama, Grants Himself “Special Powers” To Defend Against “Imperialist Aggression”

The 17 Elements of Martial Law

 – The 17 Elements of Martial Law (SHFTplan, March 8, 2015):

This article was originally published by Dave Hodges at The Common Sense Show.

martial-law-in-effect

The term “Martial Law” is thrown around with reckless disregard. “Is America under martial law?” is a question that is often discussed in the Independent Media.

Martial law occurs when the prevailing regime feels threatened by the message being offered by the loyal opposition. When normal means of censorship and marginalization fail, despotic regimes resort to martial law with all intended brutality of a violent crackdown on all of those being perceived as the “enemy”.

Seventeen Martial Law Characteristics

Most experts agree that hard core martial contains the following 17 essential elements:

Read moreThe 17 Elements of Martial Law

Venezuela To Start Fingerprinting Supermarket Shoppers

Digital-Fingerprint-Scan-Identity

 – Venezuela To Start Fingerprinting Supermarket Shoppers (ZeroHedge, March 9, 2015):

Back in August, when we wrote about the latest instance of trouble in Maduro’s socialist paradise, we cautioned that as a result of the economic collapse in the Latin American nation (and this was even before the plunge in crude made the “paradise” into the 9th circle of hell), Venezuelans soon may need to have their fingerprints scanned before they can buy bread and other staples. This unprecedented step was proposed after Maduro had the brilliant idea of proposing mandatory grocery fingerprinting system to combat food shortages. He said then that “the program will stop people from buying too much of a single item”, but did not say when it would take effect.

Read moreVenezuela To Start Fingerprinting Supermarket Shoppers

US May Run Out Of Oil Storage Space As Soon As June

US May Run Out Of Oil Storage Space As Soon As June (ZeroHedge, March 10, 2015):

Oil storage capacity in the US is now at 60% and is set to be completely exhausted in just three months. With storage at a premium, the contango breakeven trade will become increasingly more unprofitable and come June, each incremental barrel will have to be dumped on the market forcing prices lower.

Scientists question rush to build controversial Nicaragua canal

nicaragua_canal

 – Scientists question rush to build controversial Nicaragua canal (The Watchers, March 9, 2015):

A consortium of environmental scientists has expressed strong concern about the impact of a controversial Central American canal to be built across Nicaragua. The 172-mile long (276 km) Nicaragua Interoceanic Grand Canal is suppose to connect the Atlantic and Pacific oceans through Lake Nicaragua (Lake Cocibolca), Central America’s main freshwater reservoir and the largest tropical freshwater lake of the Americas.

Read moreScientists question rush to build controversial Nicaragua canal

Consumer Spending Tumbles: BofA Blames Snow, Oil; Claims Its Models Are Right, Reality Is Wrong

 – Consumer Spending Tumbles: BofA Blames Snow, Oil; Claims Its Models Are Right, Reality Is Wrong (ZeroHedge, March 10, 2015):

Stick a fork in the now proven wrong theory that plunging gas prices would boost consumer spending. Why? Because 4 months after the full impact of tumbling gas price was said to become apparent, consumer spending is not only not picking up, it is in fact slowing down more, especially in those places where there was snow in the winter, and gasp, where oil price actually fell the most!

Ridiculous? No. This is what the latest Bank of America card data survey reveals. To wit:

Read moreConsumer Spending Tumbles: BofA Blames Snow, Oil; Claims Its Models Are Right, Reality Is Wrong

Sheldon Adelson – The Dangerous American Oligarch Behind Benjamin Netanyahu

 – Sheldon Adelson – The Dangerous American Oligarch Behind Benjamin Netanyahu (Liberty Blitzkrieg, March 9, 2015):

“What are we going to negotiate about? What I would say is, ‘Listen, you see that desert out there? I want to show you something,’” Adelson said at Yeshiva University. “You pick up your cellphone, and you call somewhere in Nebraska, and you say, ‘okay, let it go.’ So there’s an atomic weapon goes over — ballistic missiles — in the middle of the desert that doesn’t hurt a soul.”

Adelson continued: “Then you say, ‘See? The next one is in the middle of Tehran.’ So, we mean business. You want to be wiped out? Go ahead and take a tough position and continue with your nuclear development.

– From the Washington Post article: Adelson: Obama Should Fire Nuke to Send Message to Iran

That a handful of extraordinarily rich and powerful oligarchs as well as mega-corporations have completely hijacked the American political process is hardy news. It’s been the key topic of discussion here at Liberty Blitzkrieg and elsewhere for many years (see: New Report from Princeton and Northwestern Proves It: The U.S. is an Oligarchy).

Read moreSheldon Adelson – The Dangerous American Oligarch Behind Benjamin Netanyahu

Same delusional people who say vaccines are safe also insist GMOs, glyphosate, aspartame, mercury and radiation are safe, too

 – Same delusional people who say vaccines are safe also insist GMOs, glyphosate, aspartame, mercury and radiation are safe, too (Natural News, March 9, 2015):

If vaccines are perfectly safe as we’re all told by the “institutional liars” of our delusional era, then why did Congress create a Vaccine Injury Compensation Program which has paid out nearly $3 billion in financial compensation to families of children who were provably injured by vaccines?

If vaccines don’t harm anyone as we are constantly told, then why does this government vaccine injury table exist which explains:

Read moreSame delusional people who say vaccines are safe also insist GMOs, glyphosate, aspartame, mercury and radiation are safe, too

GM Authorizes $5 Billion Stock Buyback, Will Return All Cash Over $20 Billion To Shareholders

 GM

GM Authorizes $5 Billion Stock Buyback, Will Return All Cash Over $20 Billion To Shareholders (ZeroHedge, March 9, 2015):

Doubting if the growth ahead of GM is now over, and the great post-bankruptcy “success story” is rapidly fading as the company has been pushed to resort to the kind of financial engineering which has pushed the S&P higher for all of 2014, and follows a record month of stock buyback announcements? Then doubt no more: moments ago GM announced it is authorizing an immediate $5 billion stock buyback, and plans to return all cash above a $20 billion floor to shareholders.

From the Press Release:

Read moreGM Authorizes $5 Billion Stock Buyback, Will Return All Cash Over $20 Billion To Shareholders

Sinister Sites – Astana, Khazakhstan

topastan

Sinister Sites – Astana, Khazakhstan (Vigilant Citizen, March 7, 2009):

Astana is the first capital being built in the 21st century and it perfectly represents  where the world is headed. It is truly one man’s vision: Nursultan Nazarbayev, the president of Kazakhstan (yes Borat’s country, I know). Backed by billions of petrodollars, the city is being built from scratch in a remote and deserted area of  the Asian steppes. The result is astonishing: a futuristic occult capital, embracing the New World Order while celebrating the most ancient religion known to man: Sun Worship. The city is still a huge construction site, but the buildings that are already completed already sum up Nazarbayev’s occult vision.

The De-Dollarization Axis: China Completes SWIFT Alternative, May Launch As Soon As September

A clerk counts Chinese 100 yuan banknotes at a branch of China Construction Bank in Hai'an, Jiangsu province

The De-Dollarization Axis: China Completes SWIFT Alternative, May Launch As Soon As September (ZeroHedge, March 9, 2015):

One of the recurring threats used by the western nations in their cold (and increasingly more hot) war with Russia, is that Putin’s regime may be locked out of all international monetary transactions when Moscow is disconnected from the EU-based global currency messaging and interchange service known as SWIFT (a move, incidentally, which SWIFT lamented as was revealed in October when we reported that it announces it “regrets the pressure” to disconnect Russia).

Read moreThe De-Dollarization Axis: China Completes SWIFT Alternative, May Launch As Soon As September

7 Signs That A Stock Market Peak Is Happening Right Now

Stock-Market-Crash

7 Signs That A Stock Market Peak Is Happening Right Now (Economic Collapse, March 9, 2015):

Is this the end of the last great run for the U.S. stock market?  Are we witnessing classic “peaking behavior” that is similar to what occurred just before other major stock market crashes?  Throughout 2014 and for the early stages of 2015, stocks have been on quite a tear.  Even though the overall U.S. economy continues to be deeply troubled, we have seen the Dow, the S&P 500 and the Nasdaq set record after record.  But no bull market lasts forever – particularly one that has no relation to economic reality whatsoever.  This false bubble of financial prosperity has been enjoyable, and even I wish that it could last much longer.  But there comes a time when we all must face reality, and the cold, hard facts are telling us that this party is about to end.

The following are 7 signs that a stock market peak is happening right now:

#1 Just before a stock market crash, price/earnings ratios tend to spike, and that is precisely what we are witnessing.  The following commentary and chart come from Lance Roberts

The chart below shows Dr. Robert Shiller’s cyclically adjusted P/E ratio. The problem is that current valuations only appear cheap when compared to the peak in 2000. In order to put valuations into perspective, I have capped P/E’s at 30x trailing earnings. The dashed orange line measures 23x earnings which has been the level where secular bull markets have previously ended. I have noted the peak valuations in periods that have exceeded that 30x earnings.

markets-are-cheap

At 27.85x current earning the markets are currently at valuation levels where previous bull markets have ended rather than continued. Furthermore, the markets have exceeded the pre-financial crisis peak of 27.65x earnings. If earnings continue to deteriorate, market valuations could rise rapidly even if prices remain stagnant.

#2 The average bull market lasts for approximately 3.8 years. The current bull market has already lasted for six years.

#3 The median total gain during a bull market is 101.5 percent.  For this bull market, it has been 213 percent.

#4 Usually before a stock market crash we see a divergence between the relative strength index and the stock market itself.  This happened prior to the bursting of the dotcom bubble, it happened prior to the crash of 2008, and it is happening again right now

The first technical warning sign that we should heed is marked by a significant divergence between the relative strength index (RSI) and the market itself. This is noted by a declining pattern of lower highs in the RSI as stocks continue to make higher highs, a sign that the market is “topping out”. In the late ‘90s this divergence persisted for many years as the tech bubble reached epic valuation levels. In 2007 this divergence lasted over a much shorter period (6 months) before the market finally peaked and succumbed to massive selling. With last month’s strong rally to new records, we now have a confirmed divergence between the long-term relative strength index and the market’s price action.

#5 In the past, peaks in margin debt have been very closely associated with stock market peaks.  The following chart comes from Doug Short, and I included it in a previous article

Margin-Debt

#6 As I have discussed previously, we usually witness a spike in 10 year Treasury yields just about the time that the stock market is peaking right before a crash.

Well, according to Business Insider, we just saw the largest 5 week rate rally in two decades…

Lots of guys and gals went home this past weekend thinking about the implications of the recent rise in the 10-year Treasury bond’s yield.

Chris Kimble notes it was the biggest 5-week rate rally in twenty years!

#7 A lot of momentum indicators seem to be telling us that we are rapidly approaching a turning point for stocks.  For example, James Stack, the editor of InvesTech Research, says that the Coppock Guide is warning us of “an impending bear market on the not-too-distant horizon”

A momentum indicator dubbed the Coppock Guide, which serves as “a barometer of the market’s emotional state,” has also peaked, Stack says. The indicator, which, “tracks the ebb and flow of equity markets from one psychological extreme to another,” is also flashing a warning flag.

The Coppock Guide’s chart pattern is flashing a “double top,”  which suggests that “psychological excesses are present” and that “secondary momentum has peaked” in this bull market, according to Stack.

“All of this is just another reason for concern about an impending bear market on the not-too-distant horizon,” Stack writes.

So if we are to see a stock market crash soon, when will it happen?

Well, the truth is that nobody knows for certain.

It could happen this week, or it could be six months from now.

In fact, a whole lot of people are starting to point to the second half of 2015 as a danger zone.  For example, just consider the words of David Morgan

“Momentum is one indicator and the money supply. Also, when I made my forecast, there is a big seasonality, and part of it is strict analytical detail and part of it is being in this market for 40 years. I got a pretty good idea of what is going on out there and the feedback I get. . . . I’m in Europe, I’m in Asia, I’m in South America, I’m in Mexico, I’m in Canada; and so, I get a global feel, if you will, for what people are really thinking and really dealing with. It’s like a barometer reading, and I feel there are more and more tensions all the time and less and less solutions. It’s a fundamental take on how fed up people are on a global basis. Based on that, it seems to me as I said in the January issue of the Morgan Report, September is going to be the point where people have had it.”

Time will tell if Morgan was right.

But without a doubt, lots of economic warning signs are starting to pop up.

One that is particularly troubling is the decline in new orders for consumer goods.  This is something that Charles Hugh-Smith pointed out in one of his recent articles…

The financial news is astonishingly rosy: record trade surpluses in China, positive surprises in Europe, the best run of new jobs added to the U.S. economy since the go-go 1990s, and the gift that keeps on giving to consumers everywhere, low oil prices.

So if everything is so fantastic, why are new orders cratering?New orders are a snapshot of future demand, as opposed to current retail sales or orders that have been delivered.

Posted below is a chart that he included with his recent article.  As you can see, the only time things have been worse in recent decades was during the depths of the last financial crisis…

Charles-Hugh-Smith-New-Orders

To me, it very much appears that time is running out for this bubble of false prosperity that we have been living in.

But what do you think?  Please feel free to contribute to the discussion by posting a comment below…

“There Are Huge Gaps” In Clinton’s Email Release, Benghazi Probe Chief Blast

Related info:

Hillary Clinton Bombshell: Whistle Blower Tells Investigators That State Department Shredded Benghazi Records


Hillary

“There Are Huge Gaps” In Clinton’s Email Release, Benghazi Probe Chief Blast (ZeroHedge, March 9, 2015):

“There are gaps of months and months and months,” exclaims Rep. Trey Gowdy (who leads the committee investigating Hillary Clinton’s handling of the Benghazi attack in September 2012) as the ‘transparent’ release of Clinton’s email includes no emails at all from a seemingly critical Tripoli visit (where she has been photographed using her Blackberry). Gowdy ranted on CBS “Face The Nation” yesterday that “it strains credibility to believe if you’re on your way to Libya to discuss Libyan policy that there is not a single document to turn over to Congress.” Clinton, for now, is staying very quiet on this matter…

Read more“There Are Huge Gaps” In Clinton’s Email Release, Benghazi Probe Chief Blast

Alan Greenspan Warns Of Explosive Inflation: ‘Tinderbox Looking For A Spark’ – The Collapse Of The Dollar, An Inevitability

Greenspan

– Alan Greenspan Warns Of Explosive Inflation: “Tinderbox Looking For A Spark” (SHFTplan, March 8, 2015):

Last month it was revealed that former federal reserve Chairman Alan Greenspan, the architect of U.S. monetary policy under four Presidents, is anticipating a significant market event as a result of the trillions of dollars that have been pumped into the system over the last several years. According to Greenspan, something big is coming.

His comments were shared by well known resource analyst Brien Lundin, who joined Greenspan for private discussions at last year’s New Orleans Investment Conference. In his latest interview Lundin further clarifies Greenspan’s private thoughts on current economic and monetary policy and sheds light on the former Fed Chairman’s suggestion that ‘something big is coming.

Greenspan made some good points to me… He was concerned about inflation… He was specifically concerned in relation to the outstanding, or excess, reserves which are close to three trillion dollars being held on the Fed balance sheet now… That money is just hanging over the U.S. economy like a big water balloon of liquidity and it’s just searching for a pin.

In fact, Greenspan referred to it as a tinderbox of explosive inflation looking for a spark.

Watch the full insider interview:

Read moreAlan Greenspan Warns Of Explosive Inflation: ‘Tinderbox Looking For A Spark’ – The Collapse Of The Dollar, An Inevitability

How Christy Turlington Cost Apple $17 Billion: The Annotated Apple Watch Event

aapl

How Christy Turlington Cost Apple $17 Billion: The Annotated Apple Watch Event (ZeroHedge, March 9, 2015):

Well that escalated quickly.

AAPL stock surged exuberantly on news of a gold Macbook – ran Friday’s high stops… then started to tumble on the Apple Watch release, but things got really bad once the Christy Turlington cheesey infomercial kicked in:

Christy Turlington

Read moreHow Christy Turlington Cost Apple $17 Billion: The Annotated Apple Watch Event

Nearly At ‘Full Employment’? 10 Reasons Why The Unemployment Numbers Are A Massive Lie

Nearly At ‘Full Employment’? 10 Reasons Why The Unemployment Numbers Are A Massive Lie (Economic Collapse, March 8, 2015):

On Friday, we learned that the official “unemployment rate” has fallen to 5.5 percent. Since an unemployment rate of 5 percent is considered to be “full employment” by many economists, many in the mainstream media took this as a sign that the U.S. economy has almost fully “recovered” since the last recession.  In fact, according to the Wall Street Journal, some Federal Reserve officials believe that “the U.S. economy is already at full employment“.  But how can this possibly be?  It certainly does not square with reality.  Personally, I know people that have been struggling with unemployment for years and that still cannot find a decent job.  And I get emails from readers all the time that are heartbroken because they are suffering through extended periods of unemployment. 

Read moreNearly At ‘Full Employment’? 10 Reasons Why The Unemployment Numbers Are A Massive Lie

Presenting The Buyers Of More Than 100% Of New German And Japanese Bond Issuance

Mario-Draghi-laughingkuroda_0

Presenting The Buyers Of More Than 100% Of New German And Japanese Bond Issuance (ZeroHedge, March 9, 2015):

We already know that the Bank of Japan will monetize 100% or just over of all Japanese gross sovereign bond issuance (source). As for Germany, on a run-rate basis, and assuming allocation based on the abovementioned capital key, it means that for the next 12 month period, assuming no major funding changes in Germany, the ECB will swallow more than a whopping 140% of gross German issuance! Or, said otherwise, the entities who will buy more than all gross German and Japanese issuance for the next 12 months, are the ECB and the Bank of Japan, respectively.

Read morePresenting The Buyers Of More Than 100% Of New German And Japanese Bond Issuance

ISIS Unveils Video To Recruit Deaf & Mute Jihadists

ISIS Unveils Video To Recruit Deaf & Mute Jihadists (ZeroHedge, March 9, 2015):

While some may ISIS is ‘deaf’ to the new world as it spreads its message of Shariah Law across The Middle East, the terrorist organization appears to be trying to broaden the appeal of the militant group. As Newsweek reports, ISIS has released a video in which a pair of disabled sibling militants use sign language in an apparent bid to recruit fighters from the (apparently under-served) deaf and mute community. The video shows the brothers directing traffic in a busy road saying: “We will strike you soon, by Allah’s permission,” and ends with a scene of the brothers setting up rockets.

Deaf? Mute? ISIS Wants You!!

As Newsweek reports,

Read moreISIS Unveils Video To Recruit Deaf & Mute Jihadists

Greece Folds (AGAIN); Ready To Propose “New” Reforms Immediately

Yanis Varoufakis, Greek finance ministerchange-we-can-believe-in

Greece Folds (Again); Ready To Propose “New” Reforms Immediately (ZeroHedge, March 9, 2015):

Following earlier comments from various Eurogroup members – after yesterday’s dismissal of Greece’s proposed “reforms” – ranging from Slovakia’s “Greece needs to face the naked truth,” to Dijsselbloem’s “we seem to be losing time on Greece,” and Schaeuble’s “not a lot has happened on Greece,” it appears Greece has quickly folded once again and acquiesced to EU’s demands for harsher cuts. With cash unlikely to last more than 3 weeks and being unlikely to get the EU1.9bn in bond profits from the ECB (according to EU officials), Greek officials have stated that they are “willing to enrich” the list of reforms.

Some helpful comments as leaders arrived at today’s Eurogroup meeting:

Read moreGreece Folds (AGAIN); Ready To Propose “New” Reforms Immediately