After last week’s warning by Ray Dalio that a 100 bps rise in yields could lead to trillions in cross-asset losses, it was Goldman’s turn to pick up the bearish torch with a note in which it warned that stock markets are set for volatility in the remainder of the year as a result of potential “growth shocks” which continue to loom until year-end as political risks remain elevated, given the upcoming US presidential elections and Italian referendum, and the UK government’s plan to trigger Article 50 by March 2017.
WASHINGTON, D.C — In an exclusive video interview at the presidential suite of the historic Watergate Hotel, the victims of Bill Clinton’s alleged sexual assault — Juanita Broaddrick, Kathleen Willey, and Paula Jones — got together for the first time in person to express their personal fear of Hillary Clinton and to warn voters that Clinton does not stand for women’s issues.
One of the biggest reasons why investors consistently underperform over the long-term is primarily due to the extremely flawed advice promoted by Wall Street, because they have a product or service to sell you, and the media, because they don’t know better.
The latest bit of advice that you should immediately hit the “delete” key on is from Simon Moore via Forbes. The article, while it certainly fits the “buy and hold” narrative, is rife with flawed assumptions and analysis.
During the 2001 US invasion, the Americans allied themselves to the heroin and opium-dealing Tajik Northern Alliance, to former Communist allies of the Soviets, and to the northern Uzbeks, blood foes of the Pashtun and former Soviet Communist allies…….Taliban, which had absolutely nothing to do with 9/11, had shut down 90% of Afghanistan’s heroin and opium trade. The US-allied Northern Alliance restored it, making Afghanistan again the world’s leading supplier of heroin and opium. US occupation forces, backed by immense tactical airpower, allied themselves with the most criminal elements in Afghanistan and installed a puppet regime of CIA assets. The old Communist secret police, notorious for their record of torture and atrocities, was kept in power by CIA to fight Taliban.
This week, with its fresh new $38 billion commitment in hand, the Israeli government announced the approval of an all new settlement in the West Bank, one that is particularly hostile to ostensible U.S. policy, the international consensus, and any prospects for an end to occupation. The new settlement, “one of a string of housing complexes that threaten to bisect the West Bank,” as the New York Times put it this morning, “is designed to house settlers from a nearby illegal outpost, Amona, which an Israeli court has ordered demolished.” This new settlement extends far into the West Bank: closer to Jordan, in fact, than to Israel.
What’s really going on in Aleppo? Are Assad and Putin exterminating the population for sport? Is it a war against US-backed “moderates”? That is what the mainstream media would have us believe. …….Ron Paul Liberty Report’s Daniel McAdams speaks with Vanessa Beeley, a journalist who just returned from Aleppo for the real story…
Talk About Crimes Against Humanity: Saudi Air Strike Kills At Least 82, Injures 534 At Yemen Funeral
While the US and western powers condemn Russian airstrikes conducted in Aleppo, to the point where yesterday John Kerry accused Russia of “crimes against humanity”, a parallel campaign waged by Saudi Arabia in Yemen gets little press coverage.
Perhaps as a test how far it can go without provoking a diplomatic rebuke, earlier today an air strike by the Saudi-led coalition on mourners in Sanaa on Saturday killed at least 82 people, the acting health minister in the Houthi-led administration in the Yemeni capital said. Ghazi Ismail told a news conference in Sanaa the number of people wounded in the attack was 534, Reuters adds.
Italians are rightly afraid of bail-ins. That fear is leading them to withdraw their savings as cash and also to buy gold. This further drains the banks’ capital, making it more likely they’ll need to do a bail-in to remain solvent, which fuels even more withdrawals. It’s like a self-fulfilling prophecy…….The thought of potentially many more old, struggling pensioners committing suicide because they got wiped out from bail-ins has enormous emotional power in Italy. It’s like political nitroglycerin.
The claim that this is all just about trying to help people in need should not even pass a laugh test, let alone rational scrutiny. To see how true that is, just look at who some of the biggest donors are….. the Saudi regime by itself has donated between $10 million and $25 million to the Clinton Foundation, with donations coming as late as 2014, as she prepared her presidential run. A group called “Friends of Saudi Arabia,” co-founded “by a Saudi Prince,” gave an additional amount between $1 million and $5 million. The Clinton Foundation says that between $1 million and $5 million was also donated by “the State of Qatar,” the United Arab Emirates, and the government of Brunei. “The State of Kuwait” has donated between $5 million and $10 million.
… it would only take a 100 basis point rise in Treasury bond yields to trigger the worst price decline in bonds since the 1981 bond market crash. And since those interest rates are embedded in the pricing of all investment assets, that would send them all much lower.