A US drone has killed another senior leader of the Taliban inside Pakistan (don’t worry, they’ll make more)
http://www.bbc.co.uk/news/world-asia-23983388
This comes the same week that the IMF agreed to loan Pakistan $6.8 billion
http://www.imf.org/external/pubs/ft/survey/so/2013/car090413a.htm
“Caution: Cape does not enable user to fly.”
-Warning label on Batman costume
from http://www.zerohedge.com/news/2013-09-03/end-markets-vietnam-moment
The only real question is “who will light the match”. We’re going to find out the doors are padlocked shut.
All those QE dollars are surging into real estate (which creates no jobs until builders can make money again). It would be interesting to know what portion of this is non-US buyers. Most countries only allow citizens to buy land or houses, but we believe in fairness here. Both real estate agents in Chicago and NC say the % of existing listings with a pending sale to a cash buyer is pretty astonishing and nothing they’ve seen before.
All those pending sales to cash buyer’s are by folks who probably speak Chinese and they are cashing in their nearly worthless US Treasury Notes for something of intrinsic value.
There were rumors a month ago Detroit is swarming with Chinese buyers.
Here is the big picture plan – the Chinese buy all our land, businesses and resources, and we ship ourselves to live in all those empty high rise slums that were built in China over the past decade. We can live our final days choking on pollution, eating rice and riding bicycles to our doctor appointments.
“we ship ourselves to live in all those empty high rise slums that were built in China over the past decade.”
Sounds like Paradise to me!!! I have a son in Hong Kong and a niece teaching English in a town about one hour train ride north of HK. So long as the ‘slum’ is near that area, I’m OK.
Wait a minute, my niece was complaining about the heat and humidity, and no AC. Might have to move to a Pacific island at or about the 19.5 degree Latitude area.
Nice weather all year. Then we could live out our days eating fresh vegetables, Wahoo, Mahi Mahi, Yellowfin Tuna, shrimp and spiny lobsters!
Think about it, we leave the non-producers behind to deal with the drones, police force, corrupt public sector workers/retirees and their ObamaCare, and we really do experience Paradise. So long as there is internet access of course!!!
So, the “Drop Dead” date is approaching in Germany and some folks are aware of all the ‘made-up’ numbers being foisted on the markets. The rogue government in Washington, DC has been spewing ‘made-up’ numbers just like the Europeans and others. Of course the rogue government in America could not maintain power very long if it were not for the state-run media who laps up the vomit and then regurgitates the whole sordid mess out to the mass of low information and non-productive voters, who in turn appear to lap it up and think things are going to be OK.
Mark J. Grant, the author of the article ends with this, “Uncertainty” the markets are getting edgy and the swings are becoming more pronounced. I always advise caution and I am advising a good deal of it now.”
So, I suppose one needs to send him money in order to receive instructions of where to ‘hide’ the rest of ones money so that when the Flood arrives they will be able to keep their heads above water.
All this “let’s keep interest rates at 0%” did was wind the spring even tighter. Long term bond investors like insurance companies and pension funds have kept alive the facade of solvency by unloading their pre 2009 bonds and capturing the premium over par. But if they go back into the long term market to reinvest the money, they will be clobbered big time if the 30 year bond yields go up 100 or 200 basis points… And there are lots of interest rate swaps (and currency swaps) that might become worthless overnight (or unpayable obligations if you’re on the wrong side) if the counter party goes under.
BINGO!!!!!!!!!!!!!!!!!!!!!!!!
The pain is coming to a city/town, state/region near you!!!!
We have a winner on B-2. We’ll need to review your card please.