“This was the second shut down within three days at the site.”
In other words, if US inventories, already at record high levels, and with the inventory to sales rising to great financial crisis levels, had not grown by $121.9 billion and merely remained flat, US Q1 GDP would not be 0.2%, but would be -2.6%.
Oh heck, just round it down to -3.0%
Somewhat ironically, given that April 20th is Hitler’s brithday, one of Greece’s most important political trials against current and former MPs and members of neo-nazi Golden Dawn started this morning.
..., the latest grotesque act caught on dashcam is the following video taken on February 19 showing a police cruiser slamming into an alleged crime suspect, Mario Valencia, holding a gun (however not aiming it at anyone and certainly not the police) at a speed of about 50 mph from behind, in what was clearly a move intended to kill the suspect.
Miraculously, the suspect survived. Ironically, the Police in Marana, Arizona, where the dashcam video was taken, claim that they saved the suspect’s life. His lawyer, understandably, strongly disagrees.
Sydney – Australians who refuse to vaccinate their children will no longer receive child care subsidies and family tax benefits, Prime Minister Tony Abbott announced on Sunday.
The widely anticipated government crackdown comes as Australia sees an increase in the number of so-called vaccine objectors.
As the FT reports, “sales of homes worth more than £2m have dropped by 80 per cent in the past year.”… “It is like the 1970s again, when waves of wealthy people left Britain and it was a disaster.”
“This is not going to be a 1921-style two-year recession that we bounce back from after a little bit of pain and unpleasantness. After a 50-year global economic boon involving what is now a $59 trillion expansion of credit in 50 years, this isn’t going to be a one or two-year hard recession. This is going to be a multi-decade global depression and I’m not sure that anyone alive today would live long enough to see the recovery. I mean, it’s like Rome: when Rome fell, there was a recovery, but it was 1,000 years later. This is the kind of depression we’re looking at if we allow this $59 trillion credit bubble of ours to implode.”
“Rep. Trey Gowdy (R-South Carolina), who heads the House Select Committee on Benghazi, issued a subpoena for the private server that hosted Clinton’s emails as the congressional panel investigates the 2012 attacks on the US consulate in Benghazi, Libya that killed four Americans, including Ambassador Christopher Stevens.
On Friday, he announced that Clinton had failed to respond to the subpoena and had wiped her server clean.”
“If you’re unhappy with what you’ve had over the last 50 years, you have an unfortunate misappraisal of life.”
“We wonder how the increasingly disenfranchised Greeks will react when they find their savings (whatever there is left) are now being directly plundered to fund the nation’s transfer payments (via The IMF) to Ukraine.”
China now has the opportunity to take a dominant role in London, without having to direct its order flows through the fixing banks. Therefore, it is no exaggeration to say that from 20th March, China will be able to control the global physical gold market, which will permit her to manage the price. She has the deepest pockets, backed by the largest single stockpile.
“In other words, the deposit outflows will continue until Greek government morale is crushed.”
And the punchline: “The slowdown is already making life difficult, but a shutdown could derail the economy completely.“
“If a militant in Chechnya kills a policeman or any other person, the militant’s family will be immediately banished from Chechnya without the right to return, and their house will be razed to the ground,”
And a stunner just out of of Bloomberg:
PIMCO PAID GROSS $290 MILLION BONUS FOR 2013, DOCUMENT SHOWS
PIMCO PAID FORMER CEO EL-ERIAN ABOUT $230 MLN BONUS IN 2013
Americans spent over $7.5 billion on one drug over a one-year period ‒ more than any other medication. And yet no one knows how the powerful pill works. But that doesn’t keep Big Pharma from marketing it for a multitude of disorders.
“Yet, our political-financial system has gone from the dysfunctional to the failed to the surreal. Speculation, once left to individuals and investors, is now federally sponsored, subsidized and institutionalized. When this sham finally buckles and the next shoe falls and rates do eventually rise, the stock market will tank, liquidity will die, and the broader economy will plunge into a worse Depression than before. We are not there yet because of these coordinated moves and the political force behind them. But we are on a precarious path to that inevitability. “
“I will be happy to send Israel FM Lieberman an IKEA flat pack to assemble. He’ll see it requires a partner, cooperation and a good manual.”