-CIA starts arming Al Qaeda/FSA in earnest even as Kerry Pretends to talk Peace
-Gold dumped on massive sell order out of london (GS/Banque De France?)
-Putin Oped in NYT shames American Ruling Elite, MSM, Politco class on the Hill go ballistic
-ECB considered another LTRO to prop up EU banks
-Secretive BOE lead Basel IV requirements start to emerge
-Berlusconi toppled by London or wanting to Leave EU
-EU and Italian Industrial Production Tanks, Greece Unemployment grows, Slovenia to join PIIGS at ESM trough.
-Greece Youth Unemployment near 60 %.
-MEPs vote to give ECB SSB authority by 559 to 62.
-Katic Couric Gets her Corrupt WS Jew Husband
The Jew trades luxury in this life through corruption for hell in the next. Her first husband was an Irish Jew. This one is fully Ashkenazi. War monger, liar, freak, slut. Amero-trash. WS and the Media a marriage made in hell like the Pentagon and London.
-Zionist Jew Kaplan fails to block Development of Massive Monterey Shale
The Zionist Jew really hates Californians and Americans. Drill baby drill. The Shale is deep enough to pose ZERO environmental risk. That said these drillers can screw up the completions and need to be watched like a hawk. Ever fracker should have to disclose volumes and ‘ingredients’ in frac or acid job. The shale is rich enough, hydraulic fracs won’t even be used just basic acid injection. Hydraulic fracs can pose minor earthquake risks. Of course, Al Gore/Prince Charles/Rothschilds firm Occidental Petroleum has most of the good land. So the Jews in Sacramento got their orders to go ahead.
-Pope reveals himself as anti-Christ.
Assures Pagans they can go to heaven without Christ. Jesuits. What a communist-Jew-antichrist leader order.No wonder the order was outlawed by the Catholic Church.
Recall we posted GS’s intention to take gold down for the taper. And according to one Jew I was listening to on the MSM when the Feds/Congress pass a budget gold will go down as well. So gold and oil were in the take-down mode as the war rhetoric has died down. Overnight trading on was halted briefly after the submission of a huge sell order in gold clearly coming from Europe/London, the rigged jobless claims data continued to embolden black boxes running the USDX and shorting gold, and there have been huge decelerations in India gold buying on continued INR weakness, although that has been more than offset by Chinese and Japanese gold demand.
You can read from an Oxbridge PHD in history, and Tory MP, in “Ghosts of Empire”, the English started WW1 to get at the same oil being fought for today now that 50 billion barrels or more has been confirmed by BP’s Tony Hayward, now working for the Rothschilds/Windsors in that neck of the woods. The English started two world wars over control of the middle east oil, they won’t hesitate to start a third. The mentally sick Windsors/MI6 /Rothschilds/Rockefellers always see themselves as the ‘winners’ in Wars especially with the British-Israelite traitors and co-religionist that control the New England Seaboard body politic from Boston (John Kerry) to NYC (name just about any big WS Jew or Anglo) to Washington DC where the Senate is over 70 % Anglosaxons and Jews with many of Prince Charles or Rothschilds kin in power like Larry Summers or Lindsey Graham or their loyal blades like John McCain.
The will of the American people does not matter. Likely Prince Wills retired from his show job as Helicopter pilot for the RAF to start helping his Dad and his cousins run the war in Syria /Arab Spring in greater depth. I wonder if the real Prince Charles has been seen in Public for years? Certainly London forcing the war upon the American and Syrian people will cause a massive dumping of UST and a rush for gold as the conflict will spread.
The CIA arming the rebels will only lead to more support for Iran and Syria from Russia and China.
London gold shorts have to be defecating in their pants and maybe the ‘sanity’ behinds backing the war off. Gold stocks are cheap as gold is at the price it takes to get it out of the ground, find a replacement oz pay for the depreciation cost of the mine and we could well see Nationalization of mines soon. Unlike oil, gold miners are not making a profit at current prices.
The BOE is lead by Rothschilds own boy Mark Carney and the BOE lead the last gold smash on a lease/sale of 1300 tonnes. Likely the Banque De France gold is being mobilized through leasing through london today. Hollande is clearly in a panic as France’s budget is blowing up, and his economy is melting down. French Oats are one of the great shorts of all time. Holland is one of the greatest short sales of all times.
US coal names are down 1-3 % today on continuing circulation of the Obama Administrations latest plan to curb CO2 emissions from power plant. The latest EPA proposal would limit emissions to 1,100 lbs of CO2 per megawatt hour for coal plants and 1,000 lbs for large gas-fired plants. These rules would effectively ban construction of new coal plants and are a stepping-stone for the administration’s forthcoming emissions standards for existing power plants. The EPA is unconstitutionally making law. This power needs to be taken away from the Obama Administration.
Grocery name Kroger is up more than 3% on solidly in-line Q2 results and a better SSS forecast for the full year. Lululemon is down 6% after cutting its FY13 outlook. On the conference call, executives warned of a weak start to Q3 due to late deliveries of Fall products. Men’s Warehouse fell as much as 14% in aftermarket trading on a big Q2 miss and lowered FY13 guidance. MW has recovered approximately half its losses in the early going today.
The U.S. government recorded a budget deficit of $148 billion in August, the Treasury Department reported Thursday, but remains on course for its first full-year shortfall below $1 trillion since 2008.The August budget gap brings the deficit for the 2013 fiscal year so far to $755 billion — 35% below the $1.16 trillion for the first 11 months of fiscal 2012. The government’s fiscal year runs from October to September.The deficit has been falling mostly thanks to increased revenues due to higher inflation, as well as modestly lower government spending partly due to the automatic budget cuts known as the sequester.Treasury Secretary Jack Lew said last month that the U.S. would hit its borrowing limit in mid-October, and the White House has urged Congress to raise the $16.7 trillion debt ceiling without conditions.Republicans, meanwhile, have said they won’t raise the debt limit without conditions including spending cuts. Another option is demanding a delay in all or part of President Barack Obama’s health-care law, popularly known as Obamacare, which is currently under discussion on Capitol Hill.
BOE Gov Carney with members Fisher, Miles and McCafferty attend Treasury Select Committee hearing on inflation .Gov Carney: Expected yield curve would steepen after forward guidance has introduced. Market expectations for jobless numbers have come in. Forecasts for jobless threshold now further out . Member Fisher: Unemployment to fall back only gradual. Would have to think hard about BOE reaction if oil price spiked . Member McCafferty: Inflation knockout very crucial to forward guidance. Voted for forward guidance to prevent overreaction to improving economy; upside risk to inflation.
I just slowly bumped my DIA short.
|Japan: Nikkei 225||14387.27||-37.80||-0.26%|
|Stoxx Europe 600||310.74||-0.14||-0.05%|
|UK: FTSE 100||6588.98||0.55||0.01%|
|Australia $ (AUD/USD)||0.9268||-0.0061|
|Swiss Franc (USD/CHF)||0.9304||0.0000|
|WSJ Dollar Index||73.77||-0.02|
|E-mini S&P 500||1685.75||-3.00||-0.18%|
|U.S. 10 Year||7/32||2.887|
|German 10 Year||12/32||1.952|
|Japan 10 Year||1/32|
-General Petraeus , Quad Pension Dipper has rough first day on the Job
Vile, war mongering Crypto Jew married into English Blue-blood East Coast family.British-Israel shock troop. Military Industrial complex whore. Traitor, Tinkerer, Spy, and terrorist.
Loves Jewish Pussy!! Infidelity a USA Army and CIA Virtue!!!
Redcoat, Traitor!! Bows and Grovels to the English Royal family whom he works for !!
-Berlusconi Toppled for wanting to leave EU
-The United States has officially announced it is now delivering “lethal aid” to the “rebels” engaged in attacks against the Syrian government. In addition to sophisticated communications equipment and advanced combat medical kits sent by the CIA, the State Department is sending vehicles and other munitions, according to the Washington Post.
Out tax dollars hard at work supporting Al Qaeda.
-USA troops have orders to ‘protect’ Israel and deploy to Egypt and Syria says WS insider
-Under Age Prostitute User, and Crypto Jew Senator Menendez Says Putin’s Oped made him want to vomit
Does not point out Bush Sr was head of the CIA. Nor Bill Clinton/Obama were MI6/CIA recruits. That this Paedophile is still given a moral perch is truly vomit inducing. He’s part of a Congress with a 9 % approval rating. Putins approval rating is near 70 %. Notice Alex Jones and Jeff Rense never go after this Crypto Jew and paedophile. Jeff Rense and his 8-10 wives and penchant for high school girl volley ball players per Henry Makow makes me want to vomit!! No wonder Jeff does not go near Menendez!
-Anglo-Zionist War Criminal Harry Reid Calls Tea Party Terrorist for Demanding Congress /Staff sign up for Obama Care
I added to my DAX short position. We had the ESM clearly active during some key bond auctions today to cap rates, as Italy is in political melt down, the EU had another horrific economic data -set and the ECB was out celebrating MEPs voting it single supervisor status of EU banks. So the Fox is guarding the chicken coop in Europe much like in the USA. EU markets are far more rigged than USA markets. If you have ever trade sovereign bonds in a pre-central bank dominated era you would know what is going on with the ESM/ECB during these bond auctions.
European lawmakers have established centralized oversight for Europe’s largest banks. This marks creation of the first of 3 pillars of the bloc’s planned banking union – a cornerstone of the policies to turn the tide on the area’s 3-year-old debt crisis.The centralized bank supervision authority, which will be anchored by the European Central bank, is due to be up and running from 2014, following a thorough stress-test of the banks’ balance sheets.“Today marks a real step forward in setting up a banking union,” as Associated Press quotes ECB President Mario Draghi. He added that the new supervisor would “contribute to the restoration of confidence in the banking sector.”With the new watchdog in place, it’ll take up the job of rescuing struggling banks, rather than leaving weaker member states to fend for themselves. In the past failing banks dragged down government finances and forced European Union countries such as Ireland or Cyprus into seeking bailouts.The European banking supervisor authority will directly oversee some 130 banks representing about 80 percent of all bank assets in the 17-country eurozone. Members of the wider 28-country EU that do not use the euro currency, like Britain or Poland, can opt to join later.Anyway, the establishment of the banking union’s remaining pillars – setting up a joint deposit guarantee and an authority to restructure or wind down banks complete with a common financial backstop – is still a long way from being agreed upon.Lawmakers appeared content with the solution, saying it guarantees necessary democratic oversight without jeopardizing financial stability.“It’s a supervision of the ECB, without in any way undermining the ECB’s independence” or endangering a level of banking secrecy required “to protect the markets from unnecessary shocks,”European Parliament President Martin Schulz said Tuesday.Lawmakers overwhelmingly approved the ECB as the supervisor, with 559 voting for, 62 against and 18 abstaining. News wire
|UK: FTSE 100||6588.98||0.55||0.01%|
|France: CAC 40||4106.63||-12.48||-0.30%|
|Stoxx Europe 600||310.74||-0.14||-0.05%|
|Japan: Nikkei 225||14387.27||-37.80||-0.26%|
-Certainly the Hyper-Corrupt, Anti-American, Anti-Constitution, Department of War, aka Pentagon and the Spooks were rewarded well for their part in 911.
If you ultimately want to know who was responsible for 911, it was the USA military for standing down if not actively attacking the USA for war promotions. The Pentagon is a rouge agency like the NSA, and CIA. They work for the Royal Institute of International affairs. The Dutch and English East India trading companies had their own private armies. So does Wall Street and London , Prince Charles and King Willem and King Juan Carlos, aka Dope Inc.
Agrees to give up weapons if USA and allies give up threat of military terrorism.
Calls out USA Hypocrisy that Chemical/Biologica WMD agreement was scuttled in the past in the Middle East as the USA backed Israel (and itself and England having Chemical /Biological weapons) having them.
“If we want stability in the Middle East, all the countries in the region should stick to [international] agreements,” Assad said. “And Israel is the first state that should do so, since Israel possessed nuclear, chemical, biological and all other kinds of weapons of mass destruction.”
Weekly unemployment claims during the back to school month of September are always suspect. Unfortunately this a very unreliable month for accurate employment statistics do the legendary statistical ‘adjustments’ in the monthly report.
In addition the BLS said there were ‘faulty’ upgrades in two reporting unnamed states, that may have skewed the number of today’s weekly report.
This is more GIGO (Garbage In, Garbage Out) by our highly over paid, and political govt servants. The reason the govt does not release the list of their employees is ‘gentile’ America would be shocked at how the WASP and Jews hold most all of the 23 million govt jobs in the USA. Truly the tyranny of the minority.
(US) Initial Jobless Claims: 292K v 330Ke; continuing Claims: 2.871M v 2.97Me
(US) Aug Import Price Index M/M: 0.0% v 0.5%e; Y/Y: -0.4% v +0.4%e
(US) Weekly EIA Natural Gas Inventories: +65 bcf v +65-70 bcf expected range
(BR) Brazil July Retail Sales M/M: 1.9% v 0.2%e; Y/Y: 6.0% v 3.0%e ; Retail Sales Broad Y/Y: 3.7% v 1.2%e
(CA) Canada July New Housing Price Index M/M: 0.2 v 0.1%e; Y/Y: 1.9% v 1.9%e
(CA) Canada Aug Teranet/National Bank HPI M/M: 0.6% v 0.3%e; Y/Y: 2.3% v 1.9% prior; House Price Index: 159.12 v 158.16 prior
-Late Europe and Asia releases
(IE) Ireland Aug CPI M/M: +0.1% v -0.1% prior; Y/Y: 0.0% v 0.7% prior
(IE) Ireland Aug CPI EU Harmonized M/M: 0.1% v 0.5%e; Y/Y: 0.0% v 0.5%e
(RU) Russia Gold and Forex Reserve w/e Sept 6th: $503.9B v $510.8B prior
(IN) India Aug CPI Y/Y: 9.5% v 9.6%e
(IN) India July Industrial Production Y/Y: +2.6% v -0.8%e
-Another Bad ‘Jones’ family member
What a bunch of satanic, Anglo-mason whack- jobs the Jones of the USA are. I’ve never met a Jones personally and don’t want to. Such attention whores and ne’er-do-well these Jones are. Almost as bad as the American Kagins.
-Antichrist Prince to Become House Hubby
Prince William is to leave the military after more than seven years of service, Kensington Palace has announced. The Duke of Cambridge completed his final shift as an RAF search and rescue pilot on Tuesday.BBC
-British-Israel Cultistists Part.
English Neocon whack job Lady Tina Brown fired by greasy Zionist Jew Barry Diller.
Does not look like MI6 wants her to come home. The ancient partnership of the English and Jews to destroy the USA with their lies and intrigues.
The only thing these City of London sponsored so called ‘indy’ rags like the Huffpo and Daily Beast have going for them is ‘insiders’ in Washington DC and London and NYC leak what they want leaked to them which is most often lies or disinfo or propaganda which they then make you think is the ‘truth’ since it is from Washington/NYC ‘insiders’. Huffington is from London/Oxbridge. Tina Brown hails from the same place and is a House of Lords type. Big coincidence there like their mutual Anglo-Jewish money backers.
Huff is a greek Jew formerly married to queer Anglomason. Tina Brown is is a closet Dyke I think like Ariana Huffington. Tina is your typical hyper evil, ethicless whore of an Englishman. English society is so, so evil.
No one takes Huffpo or Newsweek/Daily Beast seriously. They are well known Crown propaganda organs like the FT/DT.
-War Monger and War Criminal of the Day Award
American Syria ‘Curveball’ now busted, Elizabeth O’bagy
War Monger and War Criminal Kimberly Kagan, her boss also now busted.
The evil Neocon Jew Kagin family of War Mongers and Terrorists from Yale. Don’t forget the other Brother, Robert and the Father.
-Europe and The Eurotrashed
Jose Barroso the EC head looks like a feckless dick after insisting to the MEP that the EU had turned the corner yesterday after the EU industrial production figures, Italian industrial production and Greek unemployment prints today say he is either misinformed or a liar. This is ‘the’ guy who put Portugal into Troika receivership. He’s doing it again for the EU. Like no one but him and the ESM/ECB know the dirty games in the dark being played with the yield curves to prop up the financial markets in Europe. At least in the USA when markets get bad economic news they go down. In the EU they typically rally or are flat like today on bad news. You can run but you can’t hide Jose Bozo..er Barroso.
Russia Foreign Min Lavrov called on Syria to join chemical weapons convention. France Foreign Min Fabius reiterates that all options remain on the table regarding Syria and plan must be rapid, credible and verifiable. The English Crown told David Cameron to take a back seat and not be so visible on this issue in an editorial in the DT a couple of days ago. We had not heard a peep out of him since. White House Press Sec: Have no timeline yet for any future vote on Syria; assessing the proposal from Russia will take time. US State Dep spokesperson Psaki: Russia’s plan for Syria comprises is an idea right now, rather than a developed proposal.
Russia President Putin said military strike would unleash new wave of terrorism – NYTimes op/ed; Although chemical weapons were undoubtedly used, there is every reason to believe it was used by the opposition forces, not the Syrian Army, to provoke intervention.
..My working and personal relationship with President Obama is marked by growing trust. I appreciate this. I carefully studied his address to the nation on Tuesday. And I would rather disagree with a case he made on American exceptionalism, stating that the United States’ policy is “what makes America different. It’s what makes us exceptional.” It is extremely dangerous to encourage people to see themselves as exceptional, whatever the motivation. There are big countries and small countries, rich and poor, those with long democratic traditions and those still finding their way to democracy. Their policies differ, too. We are all different, but when we ask for the Lord’s blessings, we must not forget that God created us equal…
(Ironically it was Jewish Communists from Russia, most noted Stalin who first spoke of American ‘exceptionalism’, although it had more to do with our geographical isolation, constitution, and abundant natural resources and general lack of class restrictions. I don’t buy Americans are exceptional at anything these days except military violence and financial criminality, and racism-AngloZionism, and at naivete )
Secretary of State John Kerry is to meet Thursday and Friday in Geneva with his Russian counterpart, Sergei Lavrov after a less than successful meeting at the UN Wednesday with Samantha Powers and the UK and French ambassador trying to toss spanner into the works by insisting on military force. Even the Washington Post was forced to admit the CIA had no evidence that Assad ordered the Chemical weapons attacks.
The Anglo-Zionist NGO, IFW, the lead ‘theoretician’ that provided the intelligence for the proposed strike was discredited as the lead author , Elizabeth O’bagy was found to have lied about her PHD. The IFW is controlled by the Cheney family, (Rockefellers personal hatchet men), William Kristol the notorious homosexual neocon Jew, and the notorious Kagan family of neocon Jews from Yale. Its a front for the City of London Royal Institute of International Affairs, now known as Chatham House and the Council of Foreign Affairs. These institutes are in reality just the reconstituted Dutch and English East Indies Trading Companies pursuing European and Dutch Crown mercantilism and trade through war and political intrigue. Neither the CFR or Chatham house have anything to do with American National interests. In fact being Royalist lead they are more bent on destroying the USA constitution and reputation of the USA while ‘preserving’ Europe’s supposed good reputation. Basically the USA is run by Eurotrash with close blood and business links to the English and Dutch Crown and the CFR/Chatham House are the ‘shadow govt’ of the USA. Many of these Chatham House/CFR people like Henry Kissinger, Soros, Samantha Powers, Madelaine Albright are from the UK or Europe and no more Americans than Jacob Rothschilds or Prince Williams. They are lobby groups much like AIPAC is for Israel, for the English/Dutch Crowns, both of which are very Jewish crowns.
ECB’s Hansson said The ECB has discussed another LTRO, but believe current policies seem appropriate. ECB’s Asmussen: Reiterates it is too early to tighten easy monetary policy; France must continue to conduct its reforms; its no secret inflation will probably stay below 2% through 2015.
ECB’s Praet said Single resolution mechanism is needed in a timely manner; ECB cannot be responsible for giving equity support to banks.
EU’s Dijsselbloem said Ireland may need access to facility to help its orderly exit from aid program, Portugal’s exit will be even more difficult; Economic issues in Cyprus are not as bad as previously thought . German Fin Min Schaeuble said Portugal could still have problems following the conclusion of their program.
In a joint letter, 136 German economists claim that the ECB’s OMT bond-buying programme is “illegal and an economic failure”. FAZ reports that the appeal was initiated by Roland Vaubel, one of the complainants in the German Constitutional Court case against ECB’s OMT program, and signed by Hans-Werner Sinn, President of the Ifo Institute for Economic Research, among others.
The European Commission has begun an informal investigation into illegal tax sweeteners for multinational corporations and has asked the governments of Ireland, the Netherlands and Luxembourg to provide details of their specific tax systems and deals with large international firms.
KPMG’s team of banking consultants argues that, “The relentless introduction of more and more regulation may already have taken many economies, especially in Europe, beyond the ‘tipping point’ to a position where the costs of regulation exceed the benefits.” (Shills for less bank regulation and paid whores of the banksters).
Italy Senator Stefano said the Panel to hold first vote on Berlusconi next week after another fail today.
CDU’s General Secretary Hermann Gröhe has explicitly excluded a “toleration by or cooperation with the AfD”, responding to calls by the opposition for Merkel’s CDU to rule out any potential coalition with the anti-euro AfD.
Downing Street said David Cameron believed Europe needed to fundamentally change and that support for the EU in Britain was “wafer-thin”.
Handelsblatt reports that, according to unnamed sources, eurozone finance ministers will discuss a potential bailout for Slovenia at their meeting tomorrow as concerns grow that the country will not be able to close an estimated €7.5bn (21% of GDP) capital shortfall in its banking sector. The article suggests the ECB is particularly keen for Slovenia to ask for assistance from the ESM, the eurozone’s bailout fund. Discussions are also likely to examine the prospect of giving further aid to Greece, Portugal and Ireland as they look to exit their current bailout programs.
According to a new Public Issue poll, Greek opposition party Syriza is in the lead with the backing of 29% of voters. New Democracy was in second with 28% while the far right Golden Dawn was third with 13%. Additionally, while 60% said snap elections should be avoided, 57% said they still expected them to happen. Separately, new data from Greece’s national statistics office ELSTAT show that the unemployment rate reached 27.9% in June 2013, up from 27.6% in May. Youth unemployment (people aged 15-24) reached 58.8%.
Spanish government is considering allowing Spanish banks to reclassify deferred tax assets as tax credits, which would make their balance sheets look significantly stronger. The move could take place before the end of the year.
EuroStoxx50 Sectors Utilities -1%, Consumer Non Cyclical -0.80% Consumer Cyclical -0.30%, Energy -0.30%, Industrials -0.10%, Basic Materials ;Telecom +1.5%, Technology +1.3%, Financials +0.2%
(EU) Euro Zone July Industrial Production M/M: -1.5% v -0.3%e; Y/Y: -2.1% v -0.2%e -
(DE) Germany Aug Wholesale Price Index M/M: -0.6% v -0.3% prior; Y/Y: -1.7%v 0.0% prior
(FI) Finland July Final Retail Sales Volume Y/Y: -0.2% v -0.2%
(FR) France Aug CPI M/M: 0.5% v 0.5%e; Y/Y: 0.9% v 0.9%e; CPI Ex-Tobacco Index: 125.90 v 125.93e v 125.35 prior
(FR) France Aug CPI EU Harmonized M/M: 0.5% v 0.5%e; Y/Y: 1.0% v 1.0%e
(ES) Spain Aug CPI M/M: 0.3% v 0.3%e; Y/Y: 1.5% v 1.5%e
(ES) Spain Aug CPI EU Harmonized M/M: 0.2% v 0.2%e; Y/Y: 1.6% v 1.6%e
(ES) Spain Aug Core CPI M/M: +0.1% v -1.0% prior; Y/Y: 1.6% v 1.7% prior
(NL) Netherlands July Retail Sales Y/Y: +1.2% v -3.7% prior
(SE) Sweden Aug CPI M/M: 0.1% v 0.1%e; Y/Y: 0.1% v 0.1%e; CPI Level: 313.84 v 313.55 prior
(SE) Sweden Aug CPI CPIF (Underlying) M/M: 0.1% v 0.1%e; Y/Y: 1.2% v 1.1%e
(SE) Sweden Aug Unemployment Rate: 7.3% v 7.3%e; Unemployment Rate Seasonally Adj: 8.0% v 7.9%e
(SE) Sweden Aug Average House Prices (SEK): 2.182M v 2/139M prior
(IT) Italy July Industrial Production M/M: -1.1% v +0.3%e; Y/Y: -1.4% v -5.1% prior; Industrial Production WDA Y/Y: -4.3% v -2.7%e
(IT) Italy Aug Final CPI (incl tobacco): M/M: 0.4% v 0.3% prelim; Y/Y: 1.1 v 1.1% prelim; CPI Ex Tobacco: 107.6 v 107.2 prior
(GR) Greece Jun Unemployment Rate: 27.9% v 27.6% prior
(IT) Italy Aug Final CPI EU Harmonized: M/M: 0.0% v 0.0% prelim; Y/Y: 1.2% v 1.2% prelim
(ZA) South Africa July Mining Production Y/Y: +0.6% v -6.1%e v -6.2% prior; Gold Production Y/Y: +0.9% v -14.1% prior
(TR) Turkey July Current Account Balance: -$5.8B v -$5.5Be v -$4.5B prior
EU official: Consensus view that Cyprus aid program is on track; disbursement planned for end-Sept. Mission to go to Portugal next week with Troika report to go to Eurogroup in Oct. Saw Portugal measures to offset expected shortfalls
Troika technical mission arrives in Greece. The Review to assess whether Greece meets conditions to allow payment of €1.0B in early Oct
Slovenia may need to use the ESM for its banks
Czech Govt see faster economic growth in 2014 above its +0.8% forecast
OECD cuts Ireland 2013 GDP growth forecast to 0.0% from 1.0% prior
(EU) ECB €0.0 borrowed in overnight loan facility vs. €1.5B prior; €68.6B parked in deposit facility vs. €86.0B prior – Daily Eurosystem Liquidity Conditions
(IT) Italy Debt Agency (Tesoro) sells total €5.5B vs. €5.5B indicated in 2016 and 2028 BTP Bonds
Sold €4.0B vs. €3.0-4.0B indicated range in new 2.75% Nov 2016 BTP Bonds; Avg Yield 2.72% (highest since Oct 2012) v 2.33% prior; Bid-to-cover: 1.52x v 1.34x prior
Sold €1.5B vs. €1.5B indicated in 4.75% Sept 2028 BTP; Avg Yield: 4.88% v 4.67% prior; Bid-to-cover: 1.36x v 1.73x prior
(IT) Italy Debt Agency (Tesoro) sells total 2.0B in 2018 CCTeu auction
(SE) Sweden sold SEK1.0B in 2017 I/L Bonds; Yield: 0.2346%
(HU) Hungary Debt Agency (AKK) sold HUF50B vs. HUF50B indicated 12-Months Treasury Bills; Avg Yield: 3.84% v 3.97% prior; Bid-to-cover: 2.12x v 1.60x prior
(UK) DMO sold £3.75B in 2.25% 2023 Gilts; Avg Yield: 2.976% v 2.584% prior; Bid-to-cover: 1.59x v 1.76x prior; Tails: 0.4bps v 0.2bps prior
|UK: FTSE 100||6566.98||-21.45||-0.33%|
|France: CAC 40||4101.52||-17.59||-0.43%|
|Stoxx Europe 600||309.90||-0.98||-0.32%|
|Japan: Nikkei 225||14387.27||-37.80||-0.26%|
|Swiss Franc (USD/CHF)||0.9308||0.0003|
|Australia $ (AUD/USD)||0.9249||-0.0080|
|WSJ Dollar Index||73.79||-0.01|
|German 10 Year||12/32||1.952|
|France 10 Year||13/32||2.539|
|Italy 10 Year||-6/32||4.556|
|Spain 10 Year||1/32||4.482|
|U.K. 10 Year||11/32||2.786|
|U.S. 10 Year||7/32||2.886|
Ex-PBOC adviser Li Daokui: Sees no big impact from US QE taper
Japan Vice Fin Min Yamaguchi: Japan not in a position to sell more bonds to stimulate the economy
Israel claims two shells have been fired from Syria and have hit southern Golan. Initial evidence shows shelling was ‘errant.’
(ID) Indonesia Central Bank (BI) raised Reference Rate by 25bps to 7.25%; not expected
(PH) Philippines Central Bank (BSP) leaves Overnight Borrowing Rate unchanged at 3.50%; as expected
(HK) Hong Kong Q2 Industrial Production Y/Y: 0.3% v 0.5% prior
(HK) Hong Kong Q2 PPI Y/Y: -2.4% v 0.6% prior
Asia Closing Prices
|Japan: Nikkei 225||14387.27||-37.80||-0.26%|
|S&P BSE Sensex||19781.88||-215.57||-1.08%|
|UK: FTSE 100||6568.44||-19.99||-0.30%|
-NSA/GCHQ Spying on Petrobras for London Oil Cartel
-Oxfam: IMF Fail in EU
Asia markets are mixed on Central Bank statements and govt comments.
Reserve Bank of New Zealand on hold but issues its most hawkish policy statement yet. Solidifies expectations of the start of tightening campaign in 1H of 2014 and also raises its 90-day bill interest rate projections by about 50bps relative to prior statement, sending NZD/USD to 3-week highs.Bank of Korea also on hold at 2.50% in another unanimous decision; Upbeat statement foreshadowing revision in economic outlook next month and acknowledges domestic economy on recovery path; Still concerned over global risks and spillover from the start of the US QE taper.Australia jobs figures disappoint with a 2nd consecutive double-digit drop in employment change; participation rate decline to multi-year low particularly telling of a peak in the resources sector. Japan squashes press speculation that PM Abe has made up his mind on raising sales tax and would offer a fiscal stimulus to numb the impact.
In China, the press reports some banks have stopped issuing mortgage loans. An ominous sign. The state propaganda organ was urging the govt to expand the property tax ‘trial’. One of the state researchers emerged to say debt was the govt biggest problem in China and could amount to 38 % of GDP. BAC-ML raises China 2013 GDP target to 7.7% from 7.6% prior; Reiterates 2014 GDP 7.6%; To be on alert for China’s tight liquidity situation to return in late Sept.
Japan PM Abe to raise sales tax in April 2014, as scheduled; Abe is also to announce a ¥5T stimulus measures in conjunction with the sales tax increase – Yomiuri press. Japan Chief Cabinet Sec Suga: Not true PM Abe has made a decision on sales tax increase; size of economic package yet to be decided -medioa. Japan plans to increase tax breaks for small and medium enterprises.
ASB Bank forecasts New Zealand Q2 GDP to contract 0.2%.
(JP) JAPAN JUL MACHINE ORDERS M/M: 0.0% V 2.4%E; Y/Y: 6.5% V 7.7%E
(JP) JAPAN AUG TOKYO AVERAGE OFFICE VACANCIES: 8.2 V 8.3 PRIOR
(JP) Japan investors sold net ¥66.5B (4th consecutive week of net sales) in Foreign Bonds last week vs sold net ¥530.9B prior week; Foreign Investors bought net ¥185.4B in Japan stocks last week vs sold net ¥175.0B in prior week
(KR) BANK OF KOREA (BOK) LEAVES 7-DAY REPO RATE UNCHANGED AT 2.50% (AS EXPECTED); fourth straight pause
(NZ) RESERVE BANK OF NEW ZEALAND (RBNZ) LEAVES OFFICIAL CASH RATE UNCHANGED AT 2.50% (AS EXPECTED)
(AU) AUSTRALIA AUG EMPLOYMENT CHANGE: -10.8K V +10.0KE; UNEMPLOYMENT RATE: 5.8% V 5.8%E; Participation Rate: 65.0% v 65.2%e (lowest since Jan 2007)
(AU) AUSTRALIA SEPT CONSUMER INFLATION EXPECTATION: 1.5% V 2.3% PRIOR (multi-year low; Below RBA’s 2-3% target range for the first time in 9 months)
(AU) AUSTRALIA JUL CREDIT CARD BALANCES: A$49.2B V A$49.9B PRIOR; CREDIT CARD PURCHASES: A$23.0B V A$20.3B PRIOR
|Japan: Nikkei 225||14357.64||-67.43||-0.47%|
|S&P BSE Sensex||19880.88||-116.57||-0.58%|
|UK: FTSE 100||6588.43||4.44||0.07%|
|Australia $ (AUD/USD)||0.9254||-0.0075|
|S. Korean Won (USD/KRW)||1084.41||-1.80|
|Chinese Yuan (USD/CNY)||6.1197||0.0003|
|WSJ Dollar Index||73.78||-0.02|
|Australia 10 Year||1 3/32||4.053|
|China 10 Year||0/32||4.200|
|India 10 Year||-12/32||8.493|
|Japan 10 Year||1/32||0.730|
|German 10 Year||0/32||1.997|
|U.S. 10 Year||8/32||2.884|
(SY) Russia President Putin said military strike would unleash new wave of terrorism – NYTimes op/ed
(SA) Saudi Arabia Oil Minister Naimi: Market fundamentals are good; oil market is well balanced
OPEC Gen Sec El-Badri: OPEC watching oil market “very carefully”
MW: Reports Q2 $1.01 adj v $1.15e, R$647.3M v $675Me; -14.2% afterhours
VRA: Reports Q2 $0.37 v $0.33e, R$125M v $125Me; lowers FY14 guidance; -8.6% afterhours
-RCL: Increases dividend by 100% to $0.25; flat afterhours
QCOM: $5.0B Stock Repurchase Program; +1.1% afterhours
-American “Curveball” Outed as Academic Fraud
‘Obagy’ -Crown sellout, Cheating Gentile, Front for Zionist Jews and London.
The Syria researcher whose Wall Street Journal op-ed piece was cited by Secretary of State John Kerry and Sen. John McCain during congressional hearings about the use of force has been fired from the Institute for the Study of War for lying about having a Ph.D., the group announced on Wednesday.
“The Institute for the Study of War has learned and confirmed that, contrary to her representations, Ms. Elizabeth O’Bagy does not in fact have a Ph.D. degree from Georgetown University,” the institute said in a statement. “ISW has accordingly terminated Ms. O’Bagy’s employment, effective immediately.”
Kimberly Kagan, who founded the ISW in 2007, said in an interview that while she was “deeply saddened” by the situation, she stands by O’Bagy’s work on Syria.
Master Mind antiChrist, War Monger, Liar, Kimberly Kagan.
The British-Israel, Academic -War Complex. The Usual suspects, Cheney, the fag William Kristol (Mr. Neocon) and the Military Industrial Complex
Agitating for a US war on Syria are, of course, the usual suspects: Jewish neocons William Kristol and Robert Kagan of the Foreign Policy Initiative (wife above), a reincarnation of the Project for the New American Century which lobbied for the genocide of the Iraqi people.