As with cars, a look under the hood always lets you find the problem.
Unfortunately today’s kids don’t even know what a hood is!
They most likely believe it’s an area of a city, like a “neighborhood”.
Not 10 minutes after the ‘rosey” release, the truth emerges.
CIGA Wolfgang Rech
‘Goldilocks’ Jobs Print Sparks Dollar Dump, Bond & Stock Buying
July 6, 2018
Update: Maybe not so Goldilocks after all…
Amid the low liquidity of a holiday week, US equity futures continue to kneejerk up and down (up in this case) after a so-called ‘Goldilocks’ jobs print that was just bad enough to leave The Fed on its slow path to normalization. Bond yields and the dollar are also sliding…
Quite wild ride for Dow futures in the last 12 hours…
A closer look and certain assumptions can reasonably be made.
I’m sure much as to do with advance preparations for the upcoming tariffs.
Such as soybeans:
“Overall exports increased 1.9 percent to $215.3 billion as soybean shipments overseas almost doubled to $4.1 billion.”
Could be other countries are also preparing for the worst by doing their “Christmas shopping” early.
I think that following comment is more “tongue in cheek” as we all know trade sanctions haven’t really begun yet. And those “of particular persuasion” is more of a reference to manipulators and political ideologists.
“Confirming the advance trade balance, it could be argued – by those of a particular persuasion – that Trump’s trade policies are working”
Take it all with a grain of salt. The worst is yet to come.
Nobody today turns the other cheek when slapped in the face.
CIGA Wolfgang Rech
US Trade Deficit Plunges Most In 10 Years – Is Trump Winning?
July 6, 2017
Confirming the advance trade balance, it could be argued – by those of a particular persuasion – that Trump’s trade policies are working as the US trade deficit has collapsed to its lowest since September 2016.
The US trade balance for May printed a smaller deficit than expected at $43.1 bn (vs $43.6bn exp) and well down from the revised $46.1bn in April.
Courtesy of Dave.
‘Confiscation Is Coming’ As Iranian Cops Crackdown On “Gold Hoarder” Who Collected 250,000 Coins
June 6, 2018
As the collapse of the Iranian rial has led to soaring inflation, leading to protests and civil unrest, authorities are beginning to crack down on “gold hoarders” as Iranians scramble to preserve their wealth by swapping rials for gold, which has the added effect of exacerbating the already troubled currency’s decline.
In a move that will send a message to others who’ve buying up large quantities of gold, Iranian police have arrested a man they accused of hoarding two tonnes of gold coins with the intention of manipulating the local market. Tehran Police Chief Gen Hossein Rahimi said the unnamed 58-year-old had collected an estimated 250,000 coins over the past 10 months, working in concert with several accomplices. Police dubbed him “Sultan of Coins.”
China To Breathe New Life In Venezuelan Oil Company Despite Ire Of US
July 5, 2018
China is lending its helping hand to Venezuela to stabilize the country’s oil sector, analysts told Sputnik, adding that Beijing’s economic activities in Latin America are apparently getting on Washington’s nerves.
China is about to breathe new life into Venezuela’s collapsing oil sector regardless of Washington’s displeasure: On July 4, 2018, Bloomberg reported that the China Development Bank is going to invest more than $250 million in the country’s crude production.
Liu Qian, analyst at the China Institute of Strategic Energy Studies, hailed Beijing’s move, stressing that Venezuela has long been one of China’s largest oil suppliers: “China’s direct investment of $250 million in Venezuelan national oil company [Petróleos de Venezuela, S.A.] will positively affect the stabilization of oil production in Venezuela and ensure delivery of crude oil to China,” he told Sputnik China.
However, according to Liu, Venezuelan economic difficulties could hardly be resolved by a one-time financial injection: “China does not exclude the provision of loans or other types of assistance to stabilize and boost oil production [in Venezuela] within the framework of a ‘loan-for-oil’ model of energy cooperation,” he highlighted.
Courtesy of Dave.
Book Review – Losing Military Supremacy By Andrei Martyanov
July 5, 2018
[This article was written for the Unz Review]
The fact that the USA is facing a profound crisis, possibly the worst one in its history, is accepted by most observers, except maybe the most delusional ones. Most Americans definitely know that. In fact, if there is one thing upon which both those who supported Trump and those who hate him with a passion can agree on, it would be that his election is a clear proof of a profound crisis (I would argue that the election of Obama before also had, as one of its main causes, the very same systemic crisis). When speaking of this crisis, most people will mention the deindustrialization, the drop in real income, the lack of well-paid jobs, healthcare, crime, immigration, pollution, education, and a myriad of other contributing factors. But of all the aspects of the “American dream”, the single most resilient one has been the myth of the US military as “the finest fighting force in history”. In this new book, Andrei Martianov not only comprehensively debunks this myth, he explains step by step how this myth was created and why it is collapsing now. This is no small feat, especially in a relatively short book (225 pages) which is very well written and accessible to everyone, not just military specialists.
Martyanov takes a systematic and step-by-step approach: first, he defines military power, then he explains where the myth of US military superiority came from and how the US rewriting of the history of WWII resulted in a complete misunderstanding, especially at the top political levels, of the nature of modern warfare. He then discusses the role ideology and the Cold War played in further exacerbating the detachment of US leaders from reality. Finally, he demonstrates how a combination of delusional narcissism and outright corruption resulted in a US military capable of wasting truly phenomenal sums of money on “defense” while at the same time resulting in an actual force unable to win a war against anything but a weak and defenseless enemy.
Courtesy of CIGA Bob.
“For those of you that Trust the Unseen because of all you have already seen.”
– Jim Sinclair
Astrologically the Earth is rising in potential to a profound crescendo coming in at 2 a.m. PDT 6 July 2018, Friday, when Sun conjoins 14.25 degrees of Cancer where star Sirius currently is. At this time there is the last quarter Moon and there is a well the water trine of Sun, Jupiter and Neptune, plus Sun-Saturn are in parallel declination. Something decisive brewing! O yes. -r, mt. shasta,