-China-Communist Party Regional Headquarters bombed ahead of planning meeting
-China CPI may continue to rise next year but stay below the 3.5% official target-govt
-Indonesia Growth slows to 4 year low
-Germany Calls UK Envoy over secret Berlin ‘listening post’. Brits send Merkels Phone Calls right over to CIA
-Obama holds secret meeting with SP500 Crowd to advance unlimited immigration agenda against the American people
-Man Financial Global Customers to get 100 % Recovery of stolen Commodity Accounts by YE
-De Blasio Wins in New York City; Christie Re-elected In New Jersey;McAuliffe, Democrat, Is Elected Governor of Virginia in Tight Race
-Lawsuits against Anglo-Zionist Dutch and English Crown firms of RDS/BP move forward in USA For rigging Brent
-Crack smoking Anglomason Toronto mayor Rob Ford refuses to resign!!
-Sovereign Bank Debt not included in EU/ECB Bank Stress Test. Spain under investigation for rigging Budgets/Data by Eurostats
-Major PMI Services (France, Germany and Euro Zone) see slight upward revisions in final readings but below previous month data. EZ retail sales tank in Sept.
-TSLA to make own battery technology
-Israel preempts Iran Deal
Why should the fanatists get a vote? They have at last 150 nukes and all types of chemical and biological weapons. I condemn Israel and its war mongering, racist elite.
-GMO Labeling fails In Washington State
Sad. Probably voter fraud.
-’American Nazis’ , Anglosaxons and Flying the Union Jack
This has to be another Anglomasonic put up job, designed to delegitimize any claims of discrimination against European-American, men. Why is it the Nazis in the USA are always Anglosaxons and Jews. Why is some English talk show host making such a big deal out of this?
Markets just ground higher into the close and the DJIA made a new record high close like Bitcoin today. I shorted some more DIA into the close. I think we have about 2-3 % upside risk and 15-30 % downside risk from here. That NAS 4000, SP 1800 and DJIA 16000 make for great monkey , chest beating headlines, so I’m saving some short selling money for the round numbers.
Obama’s in deep political trouble along with his beloved totalitarian agenda. Markets will be run and rigged, econometrics falsified, money printed, and the Wall Street monkey will dance and club.
Bunch of monkeys from GS/JPM running the tape today wall to wall. Hey GOOG is fixing the Obamacare software after his wife and Rahm Emmanuel steered the contract to a Canadian firm where they had friends, so why not, the SP500 is more or less the day to day govt of the USA. Monkeys. Monkey market. Monkeys in the White House. Monkeys on Capitol Hill. Monkeys in the Media. Monkeys in Hollywood.
Here is what we have going on today kids in the markets if you’re a genxyx type and don’t recall Kubricks 2001 Space Odyssey or never saw it. This is America. This is the White House, this is Congress. This is London. This is Israel. Just brutal primitive apes, that love to steal, brutalize and murder. Sure Kubrick’s work is disturbing but so our the London/Washington DC/Tel Aviv/WS Monkeys . Notice how much Avi Lieberman and Obama and Cameron look like the Monkeys. Bunch of primitive big eared, sloped forehead guys with clubs running the worlds govt and the USA markets. They don’t look or act like any of my kin.
-British Girls Big Hit in Halloween Costume. Take First Prize
I wonder if Jane Standley of the BBC was the judge!!? With friends like the English and the Israelis, the USA needs no enemies!
-Lady Gaga, another Anglophile
Fits right in with the English eh. The Jews and the English a 2000 year old love affair.
Notice any resemblance?
-Obamacare, your very painful and neglected death is a hand if you’re old
Still there is a wealth of on-line information on how to cure cancer using vitamin c, etc. This subservience and obedience to the corrupt and evil , death panel doctors is truly shocking. Sheep do get slaughtered. Heartless prick nurses and doctors. Foolish old man to not take charge of his own health.
-England exporting all it’s Masonic Losers to the USA
Why should this porcine Mason get a visa? Oh, yes, Anglosaxons only marry Anglosaxons or Jews in America and too few are ‘straights’. Just one weird Hebraic tribe. I suggest he move to New Jersey where he will be welcomed by the Governor elect and no one will notice!!! How many illegal immigrant parasites can the USA afford? Will this be the cement brick that broke the camel’s back? Stay tuned! Other than the money he will cost all of us, I wish them both well at least if they are not the typical Anglosaxon -satanist that so dominate the political class. If he is, she should move to England. Sure looks like Dick Cheney. Maybe Dick could put his kin?
Paul Mason, who was once believed to be the fattest man in the world, has found love online with Rebecca Mountain. They met today for the first time on This Morning..
We have had good trading action in the DIA (DJIA) on the short side, the SPY has been a tougher nut to crack as SP futures are the primary run and gun target of the FED/UST ESF team. The DAX and SP futures have been in virtual lockstep. I had been waiting for the GS gang to run it the SP to 1800, but put on SPY short near today’s high as I wanted to be loaded Friday, although I currently plan to spread trade the NFP release. I bumped my DIA short as it went vertical. The ECB is bound to disappoint markets tomorrow as is the BOE. All Draghi has is lies until the German courts are coerced into the OMT game. LTROs are functionally forever, but it would be nice to take away Draghi’s OMT rhetoric for bailing out the Southern States as the expense of the Northern States. Either way the Germans have a big incentive to give the Spanish the same credit rates as the USA as without it Spain would implode. The same thing in Italy. Who would loan Spain or Italy money for 10 years at 4 %, given the complete lack of reform and gutting of their industrial bases by the Chinacoms? Those are both 7 % type of countries, or higher.
The DJIA pushed out to all-time highs earlier this morning while the S&P500 matched the all-time highs seen in late October.
Shares of Tesla were down as much as 15% this morning, giving up most of the gains seen over the last week heading into the firm’s quarterly report. On an adjusted basis the firm met expectations, although it reported a steeper-than-expected GAAP loss. Model S sales are headed in the right direction, although some analysts highlight that it left its 40K 2014 unit sales guidance call out of the PR yesterday. Great product, great ethical management. This is not ‘facebook’. All they need is the right LI battery technology to be the next GM. Not a CEO you want to bet against, despite the fact the Crown wants to kill it. Maybe they should force FIAT out of Chrysler. Every time the Europeans touch a USA firm, they loot it and or destroy it. The USA govt should have taken over Chrysler and kept the Jobs in the USA, just like the GM nationalization was okay ex the team they brought in to outsource to Brazil and China.
Reports surfaced that Microsoft has narrowed its short list of candidates for CEO to five candidates, including Ford’s Alan Mulally and former Nokia chief Stephen Elop, as well as former Skype CEO Tony Bates and MSFT’s Satya Nadella. In a note out earlier today, Nomura asserted that Steve Ballmer may decide to leave the board and Microsoft might consider repurchasing his $12B share position. MSFT is up almost 3% this morning.
The USA retail sector slaughter continued this morning. Abercrombie & Fitch is down more than 6% in the morning session after the company released preliminary Q3 results. The Q3 numbers were in line with the lowered estimates, however it cut its FY13 guidance and said it would restructure one of its businesses. Abercrombie warned it would see significant gross margin erosion in Q4 as the company clears through excess inventory.
Time Warner saw a solid 15% y/y profit gain in its third quarter, citing higher earnings from advertising and cable systems. The firm also reiterated its FY13 earnings guidance.
Natural Gas Giant Chesapeake Energy saw a solid profit in its Q3, compared to a loss a year ago. The outlook continues to improve for the company under new CEO Lawler, and ex items the company met expectations in the quarter. Average daily production was a bit lower y/y, on higher realized prices. CHK is in the 3 % range in the morning session.After bottoming out below the $94 level last night around five-month lows, WTI crude has ticked higher this morning before and after the weekly DoE inventories data. Inventories grew less than expected for the first time in about six weeks, while gasoline stocks were drawn down much more than expected, helping send WTI out to $94.75. The energy manipulators at RDS/BP know they have royal impunity. Not until people go to jail and for a long time will this manipulation stop. Lawsuits are just hush money pursuits.
Despite Sebelius speaking the healthcare looters managed to rally as giant Humana reported.
In gold the only thing to note besides the daily rig, is one analyst noted that the draw down in the GLD ETF physical started coincident with the FED’s refusal to ship the Germans their 500 tons of gold and the draw down was nearly five hundred tons. We do know that gold has been moving from London to Switzerland. You wonder if Weidmanm has been making the train trip to Zurich regularly.
Have a great day or evening or morning as the case maybe.
|E-mini S&P 500||1764.25||7.75||0.44%|
|U.S. 10 Year||8/32||2.644|
|German 10 Year||1/32||1.744|
|Japan 10 Year||-3/32||0.615|
-Europe Close and Summary
In most markets of the world when retail sales tank and go negative unexpectedly like they did overnight in the EZ, the respective equity markets crash. But not these days with the ESM/ECB and their pals rigging Italian and Spanish yields every time there is a whiff of bad data. Even with the UST’s ESFS a bad unexpected retail sales print leads to market carnage in the USA markets. Right now Europe is coasting on the big deficits Merkel is running this year for her election, combined with all the other major economies blowing out their deficits. England ‘cleverly’ hides theirs by applying the QE interests to the monthly deficit. England’s economy is driven by a massive housing bubble (which Cameron is threatening to tax for foreign investors), and a Spectacular financial bubble based upon fraud and criminality and is distinctly a different economy than continental Europe. Archly evil of the English to attack Germany as parasites for producing thing and protecting their industry from the Chinacoms, while no one has protected corruption and piracy like the English govt. England is the ultimate global parasite. An Island nation that produces criminals and pirates and war mongers, while ‘feasting’ off the rest of the world mainly the USA and Europe. Yeah, kick the Germans for building stuff that works. The English way.
The Euro-trash took front stage today again as the Joint Anglo-Zionist Crown owned firms of RDS/BP are front in center in USA lawsuits for rigging Brent. I wonder if MSM shill Bill Fleckenstein, is still denying the banksters rig the Gold markets.? You can always find a Goldman Sachs clown in the MSM.
I lightly added to my DAX short. I’m not sure when the shoe will drop in Europe, but I am sure it will.
Right now the Germans are living in a bubble of their own creation. They have squeezed the periphery too hard and driven all the talented Europeans who want to work ,the few that are talented and want to work, and are smart enough to learn German quickly, into their labor force at much lower wages than German engineers or factory workers, some working for as little as $1 euro /hr. Right now only USA’s and China’s demand for high price, but low quality German cars flashed as ‘status’ symbols by the noveau riche are barely keeping the PMIs from tanking in Europe. Even the DT, says there is no real recovery in the UK or Europe. When markets make new highs, and record low spreads on bad news, there is something extraordinary going on behind the scenes.
Sweden Central Bank (Riksbank) Minutes noted that the decision to hold rates steady was not unanimous. Deputy Governors Ekholm and member Floden again advocated for a rate cut Sweden Central Bank Gov Ingves: Hard to justify rate cut based on rate differentials; Economy abroad had largely developed as expected and higher rates needed until “macroprudential tools” were in place.
London says a rate cut is baked in the cake this month or next, and Draghi is worried this is his last bullet and the German High court has not ruled on the OMTs yet it may be at the next meeting. The London gang also sees another LTRO next year.Officials from the European Commission and the ECB appeared in front of the European Parliament’s Economic and Monetary affairs committee yesterday to discuss the eurozone bailouts. The officials admitted to having made errors, particularly in terms of forecasting and the use of multipliers when considering the impact of austerity in struggling eurozone economies. (willful errors made at London’s behest).
European Commission competition authorities are getting ready to levy fines on six banks which formed two cartels and colluded to rig the Euribor and Yen Libor interest rates. The fines could total €800m for each cartel, although precise amounts for each bank are yet to be set. Three of the banks – RBS, Deutsche Bank and Société Générale – are likely to settle next month, which could see their fine reduced. The other three – JP Morgan, HSBC and Crédit Agricole – have so far refused to enter settlement talks and may face formal charges.
European Commission President José Manuel Barroso added his voice to the calls for Germany to reduce its current account surplus to help rebalancing in the eurozone. He also called on Germany to open up its services market to help boost growth across the bloc. I wonder if Martin Wolf of the FT or Nate Rothschilds phones his talking point in to him?
Germany has warned the UK that using its embassy in Berlin to spy would be illegal under international law. The British Ambassador in the German capital was yesterday “invited to talks” at the Federal Foreign Ministry to explain the allegation (arising from the latest leaks from former NSA agent Edward Snowden), that the UK’s embassy was being used as a “top-listening post.”
Die Zeit reports that CSU Executive Secretary Alexander Dobrindt is strongly opposed to a “central European state.” Dobrindt is quoted as saying that, “An extension of competences in favour of the EU is not on the agenda,” and that a “carte blanche” for further shift of powers to the EU-level could “not be given.”Former German President Roman Herzog warns CDU / SPD to take AfD seriously as EU engages in “patronizing” behavior.
CIS poll from Spain: 87.8% and 91.1% of Spaniards have little or no trust in PM Rajoy and opposition leader Rubalcaba respectively.Bank of Spain says Spanish banks would make EUR 161bln of losses between 2013-15 in an adverse economic scenario. Spain Budget Min Montoro stated that he saw more activity in all areas of the economy and that job creation would begin from early 2014 (this guy has been one of the biggest liars in all of Europe) . Sovereign debt holdings of European banks will not count in the ECBs stress tests in 2014 (Spanish press). The EU is probing Spain budget data procedures; Eurostat’s visit in Sept included stops in Madrid and Valencia.
According to Ekathimerini, the Troika is pressing for a cut in the level of social security contributions employers are obliged to pay, and for the closure or streamlining of the state-owned firm Hellenic Defense Systems (EAS).Cyprus Mail reports that the EU/IMF/ECB Troika is stepping up pressure on the Cypriot government to privatise its electricity market, although trade unions from the sector are putting up fierce opposition.
Croatia may seek assistance from the International Monetary Fund as next year’s borrowing needs become “enormous and very risky,” its Finance Minister Slavko Linic said. So now it is PIGSC. Ireland expects to return to the Credit markets shortly and escape the Troika’s grasp, despite Irish pols getting nothing from the EU for bailing out the UK/London crowd.
Late Europe Releases
(PL) Poland Central Bank (NBP) left its Base Rate unchanged at 2.50%, as expected
(DE) Germany Sept Factory Orders M/M: 3.3% v 0.5%e; Y/Y: 7.9% v 5.6%e
(EU) OECD Sept annual inflation Y/Y: 1.5% v 1.7% prior
|UK: FTSE 100||6741.69||-5.15||-0.08%|
|France: CAC 40||4286.93||33.59||0.79%|
|Stoxx Europe 600||323.26||1.37||0.43%|
-USA economic Releases
US) MBA Mortgage Applications w/e Nov 1st: -7.0% v +6.4% prior
(US) Challenger Job Cuts: 45.7K v 40.3K prior; Y/Y: -4.2% v +19.1% prior
(US) Sept Leading Index: 0.7% v 0.6%e
(US) DOE Crude: +1.58M v +2Me; Gasoline: -3.76M v -0.5Me; Distillate: -4.9M v -1e; Utilization: 86.8% v 87.1%e
(CA) Canada Oct Ivey Purchasing Managers Index (Seasonally Adj): 62.8 v 51.5e; PMI unadj: 64.2 v 59.4 prior
(CA) Canada Sept Building Permits M/M: 1.7% v 6.0%e
(MX) Mexico Oct Vehicle Production: K v 241.7K prior; Vehicle Domestic Sales: 285.2K v 78.4K prior; Vehicle Exports: 240.3K v 216K prior
(BR) Brazil Oct Vehicle Production: 323.8K v 332.0K prior; Vehicle Sales: 330.2K v 309.9K prior; Vehicle Exports: 51.8K v 45.5K prior
(BR) Brazil Oct Commodity Price Index M/M: -2.7% v -2.8%e; Y/Y: +0.1% v -0.2%e
-”The Crack Rocks are inside”
- A more than 10% drop in Tesla Motors Inc.TSLA -15.66% shares near the opening bell tripped a short-sale circuit-breaker on the Nasdaq exchange this morning.
-Iran to lead NG Cartel
-BP and Rothschilds/Rockefelller/Windor Gang being sued for rigging Brent Prices
Four longtime traders in the global oil market claim in a lawsuit that the prices for buying and selling crude are fixed — and that they can prove it. Some of the world’s biggest oil companies including BP Plc (BP/), Statoil ASA (STL), and Royal Dutch Shell Plc conspired with Morgan Stanley and energy traders including Vitol Group to manipulate the closely watched spot prices for Brent crude oil for more than a decade, they allege. The North Sea benchmark is used to price more than half the world’s crude and helps determine where costs are headed for fuels including gasoline and heating oil…
Since at least 2002, the suit’s plaintiffs allege, Shell and London-based BP have had enough power in the market to manipulate price trends, an effect they allege was magnified and more disruptive when they used “collusive market power” in acting alongside the others.Lawyers who write class-action complaints often rely on “information and belief,” legal jargon that loosely translates into allegations that don’t necessarily come with hard evidence. In such lawsuits, as with most filed in federal courts in the U.S., plaintiffs must allege sufficient facts that, if believed, would give them a plausible claim.In this lawsuit, the plaintiffs say it is their own, expert analysis that provides proof that the fix was in.“This complaint provides detail about particular conduct not previously known in the market,” said Kovel, a partner at Kirby McInerney LLP. “It’s brought by highly prominent futures traders.”…
These guys have been rigging markets actively for years. Actually it goes all the way back to the 1900. The British Crown has always had a policy that its firms would set global prices. You can read about it here..if you’re interested.
-Obama, still crazy after all these years
Crazy black Hebrew. This guy is off the George W. Bush wall crazy. The ZGR correctly predicted, prior to his nomination for his first term , he would be worse than W. Bush, up to that point the worst POTUS in history, something hard to imagine for such a callow youth. Prince Charles loyal Butler. Count on it.
This is the main driver of the global police state. They only feel ‘safe’ in NYC and Hollywood and Wasington DC it appears. Much like today’s cops, if you make them afraid, they want to shoot you dead with Talmudic/Masonic impunity.
-Israeli Zionist Extremist and uber-Racist FM Avi Lieberman cleared on Corruption Charges, Public Outraged
Getting a conviction of a Zionist in Israel is as hard as convicting one in the USA, Australia, the UK, or New Zealand. One of the most dangerous men in the world. A rabid wolf among the sheeple. Inveterate war monger. Quite literally an insane Talmudic fanatic.
-Rockefeller /Clinton Money and Vote Rigging Machine just barely squeak by in Govt welfare state of Virginia
Likely the ‘Broadbandit’, Terry McAuliffe, with the Rockefeller vote rigging machine was able to sway the vote his way by at least five percent. One thing that has to be unsettling to the Rockefellers is as rigged as this election was for their whore McAuliffe, they barely pulled it off. And of course the evil , and highly stupid and corrupt Feminist, aka misandric LGBT supporters, were the deciding factor. American women just love to murder their unborn babies. The ZGR does not encourage any females to read this blog. You have Oprah and your abortion doctor and horoscope reader. Virginia is Washington DC more or less. So you know they love big govt and the police state and NWO in Virginia. I don’t think he won, but surely the females of that state deserve great punishment.
-Adding on to DAX and DJIA shorts here. ECB/BOE tomrrow. NFP on Friday.
|Japan: Nikkei 225||14337.31||111.94||0.79%|
|Stoxx Europe 600||323.64||1.75||0.54%|
|UK: FTSE 100||6748.35||1.51||0.02%|
- Planned layoffs climbed to 45,730 in October, up 13.5% from September but down 4.2% from the same month of 2012, according to Challenger, Gray & Christmas. The pharmaceutical industry saw the heaviest job cutting in October, with 10,585 job cuts announced, due to planned cuts at Merck & Co. Second to the pharmaceutical industry in October job cuts was the financial sector, which announced 8,717 job cuts during the month, the second-highest since February. Bank of America announced 4,200 cuts.
-Big Evil Shorts Non-Crown firms
Tesla Motors Inc. TSLA -10.34% had its six-month price target increased to $104 a share from $95 by analysts at Goldman Sachs Group Inc.GS + Wednesday after the luxury electric car maker reported third quarter earnings. The Goldman target is still well below where the stock is trading. Shares for the firm fell nearly 12% to $156 after Tesla’s Model S deliveries fell short of some expectations. Goldman analysts said they increased their price target to reflect higher out year earnings estimates. They said the key primary risks are the sustainability of demand longer term. The electric car maker reported approximately 5,500 cars sold in the quarter, however analysts point out that this is above the firm’s guidance of 5,000. “In this context, we view the results as relatively good,” said the report.
- Fed’s Williams (dove, non-voter): Employment growth has been good but not extremely strong; Wants to see improvement in consumer confidence before the taper; Need to see convincing signs that economy can grow well above trend before reducing bond purchases.Two papers to be presented by Fed economists suggest the FOMC could move its unemployment threshold to 6% or even 5.5% (from 6.5%); The papers will be presented at an IMF conference on Nov 7-8.
(EU) Euro Zone Sept Retail Sales M/M: -0.6% v -0.4%e; Y/Y: 0.3% v 0.6%e
(EU) Euro Zone Oct Final PMI Services: 51.6 v 50.9e (confirmed 3rd straight month of growth); PMI Composite: 51.5e
(ES) Spain Oct Services PMI: 49.6 v 49.0e; Second straight contraction and 26th in the last 27 months
(IT) Italy Oct PMI Services: 50.5 v 51.2e; Second straight month of growth
(FR) France Oct Final PMI Services: 50.9 v 50.2e; confirms second straight month of growth
(DE) Germany Oct Final PMI Services: 52.9 v 52.3e; confirmed 6th straight month of growth
(IS) Iceland Oct Preliminary Trade Balance: 7.1B v 8.7B prior
(IS) Iceland Central Bank (Sedlabanki) left its 7-day Lending rate from 6.00% (8th straight pause in its tightening cycle)
(UK) Oct New Car Registrations Y/Y: 4.0% v 12.1% prior
(UK) Sept Industrial Production M/M: 0.9% v 0.6%e; Y/Y: 2.2% v 1.8%e; highest annual pace since Jan 2011
(UK) Sept Manufacturing Production M/M: 1.2% v 1.1%e; Y/Y: 0.8% v 0.8%e
(EU) ECB allotted $0.0M in 7-Day USD Liquidity Tender at fixed 0.58% vs. $0.0M prior
(EU) ECB allotted $131.0M in 3-month USD Liquidity Tender at fixed 0.59% vs. $112.8M prior
|UK: FTSE 100||6749.04||2.20||0.03%|
|France: CAC 40||4290.78||37.44||0.88%|
|Stoxx Europe 600||323.73||1.84||0.57%|
|Japan: Nikkei 225||14337.31||111.94||0.79%|
|German 10 Year||2/32||1.739|
|France 10 Year||2/32||2.212|
|Italy 10 Year||10/32||4.133|
|Spain 10 Year||6/32||4.077|
|U.K. 10 Year||-2/32||2.569|
|U.S. 10 Year||6/32||2.652|
Two Chinese banks that sold nearly $2 billion worth of shares in Hong Kong stock market listings received lukewarm receptions on Wednesday from investors concerned about how China’s financial system would cope with a potential deluge of bad debt that could swamp the country’s economy.The Huishang Bank Corporation, a regional banking group based in eastern Anhui Province, priced its initial public offering at the bottom end of the marketed range on Wednesday, raising 9.2 billion Hong Kong dollars, or $1.19 billion, according to two people with knowledge of the deal, who declined to be identified because the information was not yet public. Also on Wednesday, shares of Bank of Chongqing closed down slightly on their first day of trading in Hong Kong after the company raised 4.2 billion dollars in a share sale.
|Japan: Nikkei 225||14337.31||111.94||0.79%|
|S&P BSE Sensex||20894.94||-79.85||-0.38%|
Japan Dep Econ Minister Nishimura: weaker Yen has overall positive impact on economy
-Satanic English (Martin Wolf) at FT say Germany is burden to the world. No mention about English war mongering, the English heading Dope Inc, and English financial piracy and criminality though. Does anyone take that Sodomite rag seriously?
Tesla shares crashed by over 10% in the extended session as Q3 shipments of 5.5K and Q4 forecast for under 6K took the wind out of the momentum investors’ sails. Overall they beat the street but the growth rate is below expectations.
Asia markets are up broadly overnight.China money market rates ease to 2-week lows goosing mainland markets. The Yen weakening, and great expectations for TM stock are driving the Japanese equity markets higher.
Japan press speculates TM will raise its FY13/14 op profit guidance to ¥2.2T from ¥1.94T prior forecast when it releases results later in the day.Mitsubishi Motors Corp.having just signed a global tie-up accord with Renault SA and Nissan Motors Co. said Wednesday it aims to raise annual vehicle sales by about 30% over the coming three years, while issuing about $2 billion in new shares to allow for dividend payments, a long-time goal.
Prime Minister Shinzo Abe’s Cabinet approved a bill Tuesday to set up “strategic special zones” in which deregulation can be promoted exclusively, a centerpiece for his government’s economic growth strategy.
Bank of Japan board members discussed the potential adverse effects of a U.S. monetary policy shift on global markets at a policy board meeting last month, according to minutes released by the central bank Wednesday, highlighting their concern over its possible impact.Some members said market participants now viewed the direction of U.S. monetary policy as harder to predict, the summary of discussions at the bank’s Oct. 3-4 meeting said. Those members added that “it is necessary to pay attention to the risk that the markets could again become highly volatile depending on the course of U.S. monetary policy.”A few members also noted that if speculation over the U.S. monetary policy outlook heightened, emerging economies could suffer further outflows of funds.
Explosions that left one person dead and eight injured this morning in north China’sShanxi Province were caused by homemade bombs, local police said. The blasts struck at around 7:40am in front of the office building of the Shanxi Provincial Committee of the Communist Party of China, on Yingze Street in the provincial capital of Taiyuan, according to the city’s public security bureau. This ahead of the Politburo’s annual meeting which kicks off this weekend.
China will keep a prudent monetary stance and balance between adjusting its economic structure, undertaking reform and curbing risks, the People’s Bank of China said in its third-quarter currency policy committee report.The PBOC said it will use open market operations, reserve requirement ratio and short-term liquidity operations to adjust interbank liquidity as well as enhance communication with the market and the public to soothe expectations.It will also encourage banks to improve liquidity and risk management to support economic growth to create a stable monetary environment.“The aim of our policy is to adjust structure, encourage reform, and drive industrial upgrading,” the PBOC said yesterday. “The policy will maintain stable overall money supply and improve the structure.”The report was released after the market recovered from a liquidity crunch at the end of October, which sent borrowing costs among banks to a four-month high. In June a similar money crisis caused interbank borrowing rates to surge to a 10-year high as the PBOC did not add money to the market. The central bank resumed reverse repurchase activities on October 29 after a two-week suspension.Premier Li Keqiang said on Monday that monetary policies should not be eased when the market is hit by short-term money crunch.
President Xi Jinping, during an inspection tour to central China, called for deepening of reforms, opening-up drive and implementation of innovation-driven development strategy to achieve the economic and social development targets this year.During the tour, Xi urged governments at all levels to stick to the policy of seeking steady progress and to continue their efforts to stabilize growth, adjust structure, promote reform and improve people’s livelihood.Xi also demanded governments at all levels should speed up transformation of China’s economic growth, implement the innovation-driven development strategy, maintain current economic growth momentum and strive to achieve this year’s economic and social development targets.
China on Tuesday demanded Japan provide “accurate” information on how it is handling new fallout from the Fukushima nuclear disaster.China told the United Nations General Assembly it was worried about radioactive water leaks from the Japanese plant that went into meltdown after being hit by a tsunami in March 2011.“China follows closely the countermeasures to be adopted by Japan,” China’s deputy UN ambassador Wang Min told a debate on the International Atomic Energy Agency (IAEA), the UN nuclear watchdog.“We urge the Japanese side to spare no effort in minimizing the subsequent impact of the accident and provide timely, comprehensive and accurate information to the international community,” Wang added.
Australia posts 3rd consecutive month of trade deficit; exports to China coming in flat on the month while iron ore exports rise just 1.5% m/m.
(AU) AUSTRALIA SEPT TRADE BALANCE (A$): -284M V -500ME (3rd straight month of deficits)
(NZ) NEW ZEALAND Q3 AVERAGE HOURLY EARNINGS Q/Q: 1.6% V 1.4%E; PRIVATE WAGES EX-OVERTIME Q/Q: 0.4% V 0.5%E; PRIVATE WAGES INCL OVERTIME Q/Q: 0.4% V 0.5%E
(NZ) NEW ZEALAND Q3 UNEMPLOYMENT RATE: 6.2% V 6.2%E; EMPLOYMENT CHANGE Q/Q: 1.2% V 0.5%E; Y/Y: 2.4% V 1.6%E; PARTICIPATION RATE: 68.6% V 68.0%E
(ID) INDONESIA Q3 GDP Q/Q: 3.0% V 3.0%E; Y/Y: 5.6% V 5.6%E
(ID) Indonesia Oct Consumer Confidence Index: 109.5 v 107.1 prio
|Japan: Nikkei 225||14341.45||116.08||0.82%|
|S&P BSE Sensex||20999.82||25.03||0.12%|
|UK: FTSE 100||6746.84||-16.78||-0.25%|
|Australia 10 Year||-18/32||4.220|
|China 10 Year||0/32||4.260|
|India 10 Year||-9/32||8.771|
|Japan 10 Year||-2/32||0.614|
|German 10 Year||0/32||1.748|
|U.S. 10 Year||5/32||2.655|
(CH) A series of small explosions kill at least one person outside a provincial office of the ruling Communist Party in northern China, state media report.
(US) Christie (NJ, Rep, Gov) wins, De Blasio (NYC, Dem,, Mayor) wins, McAuliffe (Virignia, Dem, Gov) frauds way to win
(US) Fed’s Williams (dove, non-voter): Employment growth has been good but not extremely strong; Wants to see improvement in consumer confidence before the taper
(US) MF Global customers to recover 100 % of money by year end-NYT
(US) API PETROLEUM INVENTORIES: CRUDE: +871K (lowest build in 6 weeks) v +2Me
TSLA: Reports Q3 $0.12 v $0.12e, R$603M v $553Me; -12.3% afterhours
ANF: Reports prelim Q3 at high-end of $0.40-0.45 v $0.40e, R$1.033B v $1.07Be; Cuts FY13 guidance; -7.3% afterhours
VCLK: Reports Q3 $0.38 v $0.40e, R$134.1M v $167Me; -6.7% afterhours
URS: Reports Q3 $1.20 v $1.20e, R$2.74B v $2.95Be; -6.5% afterhours
JAZZ: Reports Q3 $1.78 v $1.66e, R$232.2M v $228Me; -2.8% afterhours
AGU: Reports Q3 $0.50 v $0.59e, R$2.87B v $2.94Be; -0.1% afterhours
SSS: Reports FFO Q3 $1.01(adj) v $0.97e, R$70.9M v $68.7Me; +0.2% afterhours
FOSL: Reports Q3 $1.58 v $1.38e, R$810M v $773Me; +0.7% afterhours
WYNN: Announces $3.00 special cash dividend; Raises quarterly dividend by 25%; +1.1% afterhours
OPEN: Reports Q3 $0.50 v $0.42e, R$46.7M v $46.0Me; +3.4% afterhours
MSPD: MACOM Enters into definitive agreement to acquire Mindspeed Technologies for $5.05/share cash in $272M deal; +67.0% afterhours
*Smog Blamed as China Clocks Youngest Lung Cancer Victim
*Britan’s spy nest in Berlin exposed by Snowden
*Racist Israelis order destruction of more Palestinian Homes
*Pussy Riot thug gets to cool her heels in Siberia
Punk-Prayer “Virgin Mary, Put Putin Away”-Pussy Riot
Imagine going into a Church and disturbing people at prayer with your blasphemy. They deserved 10 years. Evil feminist witches by their own admission.
Virgin Mary, Mother of God, put Putin away
Рut Putin away, put Putin away
Black robe, golden epaulettes
All parishioners crawl to bow
The phantom of liberty is in heaven
Gay-pride sent to Siberia in chains
The head of the KGB, their chief saint,
Leads protesters to prison under escort
In order not to offend His Holiness
Women must give birth and love
Shit, shit, the Lord’s shit!
Shit, shit, the Lord’s shit!
Virgin Mary, Mother of God, become a feminist
Become a feminist, become a feminist
The Church’s praise of rotten dictators
The cross-bearer procession of black limousines
A teacher-preacher will meet you at school
Go to class – bring him money!
Patriarch Gundyaev believes in Putin
Bitch, better believe in God instead
The belt of the Virgin can’t replace mass-meetings
Mary, Mother of God, is with us in protest!
Virgin Mary, Mother of God, put Putin away
Рut Putin away, put Putin away
*The Main Danger to Peace and Liberty
It’s Hillary Clinton
I know it’s early to talk about the 2016 presidential race, but that’s only true for normal people: ideologues of one sort or another like me and my Twitter followers are already deep into it, and with good reason. That’s because the stakes have never been higher. It’s important who sits in the Oval Office, yes, but this time around it’s crucial – because the survival of our republic, the future of constitutional government in America, and the peace of the world hinges on it. And that dark cloud on the presidential horizon, which is already casting a huge shadow over the political landscape, is none other than Hillary Clinton.
Hillary is bad on … everything. From foreign policy to civil liberties to you-name-it, she’s the ultimate Un-libertarian. And I’m not just talking about her formal positions on the issues, although those are horrific enough: it’s her self-righteous mien in taking those positions, her moralistic preening combined with a sensible-shoes “pragmatism” that really does more than merely irk. Indeed, it points to a fanaticism with religious roots which, as Murray Rothbard pointed out in a trenchant essay, energizes Saint Hillary with a theological fire aimed at remaking the world by stamping out “sin.”
Now you may think this impulse is limited to the Religious Right, and, indeed, they are the most well-known proponents of this faith-through-politics approach, but what our “mainstream” media leaves out of this pat theory is the existence of the Religious Left – an equally fanatic ideology that has its roots in the nineteenth century “Social Gospel” epitomized by the pious Methodism that infused young Hillary when she was just a wee harridan.
Methodism was the chief expression of a peculiarly American religious movement: post-millennial pietism (PMP), which holds that Christ will not return until and unless the thousand-year Kingdom of God is established on earth. Not only that, but it is the duty of all Christians to ensure that the Kingdom is established, and, since failure to do so threatened their own salvation, the PMP’ers did not shy away from using the State to bring about this happy event. Human beings, not God or His Angels, will usher in the Kingdom, they believed, and by their actions provoke the Second Coming. That’s the theology: its political expression was the stamping out of “sin.”
In the old days, this meant, as Rothbard put it, outlawing “virtually any form of enjoyment.” Our modern day secularized version, however, defines it as eradicating any sort of political incorrectness: e.g. “greed,” “inequality,” high-sugar drinks, “racism” (very broadly defined, to be sure). In the foreign policy realm this means a holy crusade against “terrorism” – and indeed any government or non-state actor anywhere on earth that defies Washington’s diktat.
Hillary the crusading harridan is the perfect embodiment of this tenacious evil. It was she who hounded Bill into bombing the Serbs in the name of “humanitarianism,” which resulted in the murder of over 5,000 people – and culminated in the establishment of the very first European state whose chief executive could credibly be charged with organ-trafficking. It was Hillary who carried the banner of the War Party during the 2008 Democratic primaries, refusing to repudiate her avid endorsement of the Iraq war – even when it was politically expedient to do so, and long after the rest of the country had rendered judgment on that unmitigated disaster. Her tenure as Secretary of State was marked by a series of “humanitarian” interventions, not only in Libya – where a phony never-was-going-to-happen “humanitarian disaster” supposedly threatened Benghazi (of all places!) if we failed to overthrow Qadaffi – but also in Syria, where she angled to get the Obama administration to sign on to full-bore regime change. Out of office, she did not disappoint: while Obama was fulfilling her Syrian agenda, or trying to, her quasi-religious post-millennialism came right to the fore:
“The Assad regime’s inhuman use of weapons of mass destruction against innocent men, women and children violates a universal norm at the heart of our global order, and therefore it demands a strong response from the international community, led by the United States.”
Ah yes, Our Global Order – otherwise known as the Kingdom of God on Earth.
And because the Guardians of Our Global Order are charged with such a heavy responsibility – the enforcement of Global Virtue – we’ll have none of this nonsense about “civil liberties,” which is, after all, just shorthand for License to Commit Sin. Hillary quite naturally hates the Internet, as her response to Matt Drudge’s outing of her husband’s dalliances made all too clear:
“We’re all going to have to rethink how we deal with the Internet. As exciting as these new developments are, there are a number of serious issues without any kind of editing function or gatekeeping function.”
Word choices are important: they tell us everything we need to know about what somebody is really thinking, and in this case the word “gatekeeper” veritably leaps off the page at us: it’s Saint Hillary standing guard at Heaven’s Gate, warding off Satan and his legions.
If you thought the NSA was invading your privacy in the Age of Obama, just wait until the Reign of Queen Hillary is inaugurated. The Clinton Restoration will mean the effective end of any effort to “reform” or abolish the NSA’s massive data collection: indeed, the Panopticon is the perfect device for a left-postmillennial pietist like Hillary. How else can we enforce Virtue unless the State knows everything about everyone? When the Snowden controversy arose, she was quick to condemn him and his actions as “outrageous,” even going so far as to berate China’s authoritarian regime for not acting in character and detaining him.
With these illiberal opinions, one wonders how Hillary imagines she’ll get the nomination of a party supposedly dominated by the “left.” The answer is because the left today has nothing to do with liberalism as it’s been understood historically: the movement, renamed “progressivism,” has been taken over by technocrats, Goldman Sachs, and the “left”-wing post-millennial pietists referred to above.
Ditching the old liberalism for identity politics and a neoconnish foreign policy, the Clintonian Democrats are revving up their engines for Hillary’s 2016 run, with the organizational apparatus already being moved into place. Combining an insufferable moralism with mind-boggling corruption, the Clintons and their supporters represent the darkest – and most depressing – future imaginable.
The idea of Hillary’s inevitability as the Democratic nominee seems to me indisputable: there are too many urban “hip” feminists named April and Heather and their multitude of boyfriends who just can’t wait for The First Woman President. This is their idea of “making history” – just as the election of Barack Obama made the kind of history no advocate of peace and civil liberties could possibly celebrate.
As Julian Assange put it:
“The only hope as far as electoral politics… presently, is the libertarian section of the Republican party. The libertarian aspect of the Republican Party is presently the only useful political voice really in the U.S. Congress… [I] am a big admirer of Ron Paul and Rand Paul for their very principled positions in the US Congress on a number of issues.”
Notice how quickly what passes for the “left” dropped Assange after this endorsement. And note how both the Pauls have been subjected to a blizzard of vicious attacks by people who have made a cottage industry out of smearing libertarians. The Rachel Maddows and Jamie Kirchicks of this world have a lot more in common than is readily apparent.
Both the “right” and “left” wings of the War Party are united in their hatred for libertarianism: from the neocons to the neo-liberals, from Jennifer Rubin to Joan Walsh, the libertarian-haters are out in full force, these days – and that’s a good thing.
It’s good because of Raimondo’s First Dictum: By their enemies shall ye know them. Our enemies are some of the worst, most corrupt authoritarians in this country, and their apologists are working day and night to destroy what Assange rightly calls “our only hope.” We ought to wear their undying enmity as a badge of honor – and work tirelessly to mobilize an awakened America against them.