Daily Archives: April 7, 2014

James Corbett – The Corbett Report – Interview 855 – Faraj Muftah Describes The Fall Of Libya – 7 April 2014

JamesCorbett4Link to podcast

Today we continue last week’s conversation with James and JoAnne Moriarty of LibyanWarTheTruth.com and bring Faraj Muftah into the conversation. Muftah is a spokesman for the Warfalla tribe, the largest Arab tribe in Libya. We discuss the NATO-backed, Al-CIAda mercenary-led invasion of Libya in 2011 and how the very radical terrorists that the US claims to be fighting against are the ones in charge of the country today with the full backing and support of the US government. We also talk about the situation on the ground today and what life is like for the average Libyan.

www.corbettreport.com / link to original article

ZeroHedge – CEO Of Liechtenstein Bank Frick Murdered In Broad Daylight – 7 April 2014

ZeroHedgeOver the weekend the world was gripped by the drama surrounding the mysterious murder-homicide of the former CEO of Dutch bank ABN Amro and members of his family, and whether there is more foul play than meets the eye. However, that is nothing compared to what just happened in the tiny, and all too quiet Principality of Lichtenstein, where moments ago the CEO of local financial institution Bank Frick & Co. AG, Juergen Frick, was shot dead in the underground garage of the bank located in the city of Balzers.

Read the full story at: www.zerohedge.com / link to original article

ZeroHedge – The Chinese Ponzi Continues: Property Developers Buy (Piggy) Banks – 7 April 2014

ZeroHedge“Whatever it takes,” appears to have become the new mantra across global financial systems and with Chinese shadow banks under increasing pressure (as cash-for-commodity deal financing dries up and “hedge” losses mount on ‘surprise’ Yuan weakness), property developers are increasingly desperate for liquidity. The solution, as The FT reports, Chinese property companies are buying stakes in banks and raising fears that the country’s already stretched developers are trying to cosy up to their lenders. 10 Chinese developers, who have been active in recent bank IPOs, have invested an ‘unprecedented’ $3bn in their potential lifeline lenders.

Read the full story at: www.zerohedge.com / link to original article

Laura Bruno – Vandana Shiva : Decolonize The Mind – 7 April 2014

EU Should Recognize Crimea As Part Of Russia – Czech President – 7 April 2014

RT logoCzech leader Milos Zeman has said that the EU should accept the fact that Crimea is now part of Russia, stressing that the former autonomous region won’t return to Ukraine in any foreseeable future.

Zeman described Soviet leader Nikita Khrushchev’s decision to give Crimea to the Ukraine in 1954 as “stupid” in a radio interview.

He also blasted the law of the Ukraine’s state language which deprives the Russian-speaking population of the right to use its language at the state level. He called this situation “idiotic.”

Read the full story at: www.rt.com / link to original article

Underpaid & Under Fire: British Frontline Troops Earn Less Than Minimum Wage – 7 April 2014

RT logoBritish soldiers serving in Afghanistan may be earning less than the minimum wage for their efforts, says a report. The Ministry of Defence says shortfalls in pay are compensated by such benefits as subsidized accommodation and generous pensions.

A report by the Armed Forces Pay Review Body (AFPRB) has revealed that military personnel serving in conflict zones abroad could be being paid less than 6.31 pounds ($10.46) an hour. Soldiers serving abroad are exempt from rules governing the minimum wage, which means they can be left out of pocket if they work overtime, the report notes.

“It is possible for those on the lowest pay level to be earning below NMW levels if they work over 55 hours per week, for those aged 21 or over, or more than 68 hours per week if they are aged between 18 and 20,” states the report. Researchers calculated that troops receiving the starting salary of 17,767 pounds ($29,454) a year would receive less than the civilian minimum wage if they worked more than 54 hours a week.

Read the full story at: www.rt.com / link to original article

Purpose Fairy – Luminita Saviuc – Don’t Believe Everything You Think – 7 April 2014

https://i2.wp.com/static.purposefairy.com/wp-content/themes/purposefairy/images/logo.png“If you realized how powerful your thoughts are, you would never think a negative thought.” ~  Peace Pilgrim

Oh my, oh my. How many of us can’t silence that chatterbox of ours, that goes on and on, and on about all kind of problems that we had, have or might have in the future? Of course, most of these problems will never happen, but what do we know?

Read the full story  at: www.purposefairy.com/ link to original article

ZeroHedge – As The Hedge Fund Slaughter Continues, Here Is Who Is Unwinding And What Stocks To Watch – 7 April 2014

ZeroHedgeLast week we reported that in the aftermath of the vicious high-flying momo, high-beta mauling, hedge funds had their worst week since 2001 (excluding such “end of the world” days as Lehman and the 2011 debt ceiling fiasco). Specifically, we said that the crush was nowhere worse than in the “hedge fund hotel” basket of names most near and dear to the hearts of hedge funds, and respectively those most hated, one which Goldman defines as the long Very Important Positions <GSTHHVIP> vs. short Very Important Shorts <GSTHVISP>. This is how the chart showing the weekly hedge fund P&L of this most popular pair trade looked like.

Read the full story at: www.zerohedge.com / link to original article

ZeroHedge – Frontrunning – 7 April 2014

  • ZeroHedgeThe counter-HFT-attack begins with first target – dark pools: Dark markets may be more harmful than high-frequency trading (Reuters)
  • Malaysia Jet Team Hears Pings Consistent With Black Box (BBG)
  • At Toyota as Humans Steal Jobs From Robots (BBG)
  • ‘Reverse Auctions’ Draw Scrutiny (NYT)
  • Death knell sounds for Brazil’s economic strategy (FT)
  • Technology Traders Head for the Exit as Put Trades Surge (BBG)
  • NSA Uses Corporate News to Spread Propaganda and Silence Dissent (TruthDig)
  • Holcim, Lafarge agree to merger to create cement giant (Reuters)
  • Any minute now: Investment Jump Seen From Macy’s to Berkshire After 2013 Fizzle (BBG)
  • India kicks off world’s biggest election in remote northeast (Reuters)
  • Singapore Urges Companies to Exploit China Consumer Boom (BBG)
  • Credit Suisse Is Said to Be Facing Double-Barreled Inquiries (NYT)
  • #OpIsrael: Anonymous attacks hundreds of Israeli websites (RT)

Continue reading

Mish / Mike Shedlock – Framework For Understanding Market Tops And Bottoms – 7 April 2014

MishMikeShedlockLast week I received an excellent article from Variant Perception on “Market Tops”, and have permission to excerpt some of it.

Here is a link to the summary page of Understanding Market Tops. What follows are a few snips from the full report.

Framework for Understanding Tops

In the following table, we summarize the signs of market bottoms and tops.

The signs can be divided into the following categories: corporate, valuation, economic, market and sentiment. Clearly many signs of a top are in place, but there are many characteristics that are currently missing. In the coming pages we will look at each category separately.

Read the full story at:  www.globaleconomicanalysis.blogspot.com / link to original article