Helping share Absolute Data from Toronto
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The Venus Project Debunked By By David Zwolski Complete Text.
What you are reading here is not just any rebuttal written by some teenage schmuck who has just seen The Venus Project website. I am neither a disgruntled former Venus Project fanatic nor a troll, and I am certainly not a neoclassical economist who is outraged by what he has seen of the Venus Projec…
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In a few days, we will all have an opportunity to peacefully inflict a major psychological blow on the rapidly coalescing police state by the simple but powerful act of refusing to play along with the absurd pantomime on the 4th of July that we live in an even nominally free country – one with the rule of law, an operative Constitution and respect for individual rights. One that isn’t a thugocracy.
Vía Veterans Today http://www.veteranstoday.com/2013/06/30/turn-your-back-this-fourth-of-july/?utm_source=rss&utm_medium=rss&utm_campaign=turn-your-back-this-fourth-of-july
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by Preston James Has the Department of Homeland Security (DHS) assembled “Top Secret” Assassination Squads in every Major American City? If so, do these squads now employ the use of a special Lapua .338 Magnum bolt action sniper rifle with silencers and are they part of a sophisticated plan featuring the use of ”decapitation lists” to assassinate top politicians, […]
Vía Veterans Today http://www.veteranstoday.com/2013/06/30/dhs-secret-assassination-squads/?utm_source=rss&utm_medium=rss&utm_campaign=dhs-secret-assassination-squads
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Dichloroacetate: University of Alberta Doctors Discover A Cure For Cancer
Dr Evengelos Michelakis, associate chair and medical researcher at the University of Alberta’s faculty of medicine and his team of researchers have discovered a cure for cancer. Long after his work was published in the Journal of Clinical Investigation (JCI) (3)(4), Circulation (2002, 2006), Circula…
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Lol… Only in Byron bay with
Marta Lebrusant, Lucrezia Rinaldi and Nick Forster-Jones
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The Fed has managed to remove some of the complacency in financial markets for now, but we would also argue that financial markets have managed to remove any complacency the Fed (and any other central banks) may have had regarding how easy the exit strategy from QE was going to be. As we discussed here, the market and the Fed are trapped in a prisoner’s dilemma, and, as Citi notes, the events over the past three weeks make it clear that ‘collaboration’ is the best strategy – i.e. a non-complacent market and no hawkish surprises from central banks. There is a big risk to this scenario though. As Citi explains, a risk that we fear not even the recent dovish messages by central banks may be able to do much about.
The recent sell-off has, unlike the previous sell-offs this year, managed to trigger outflows in funds and ETFs; as we mentioned above, our credit survey reports the first outflows since 2008. The negative feedback loop which has been triggered around fund and ETF outflows has gained a momentum of its own and the following four charts suggest bonds are in fact primed for the perfect storm.
Via Citi,
The credit market may have never been more vulnerable to rising Treasury yields.
MTM investors make up a much higher proportion of credit investors now than normal,
and MTM risk itself is near all-time high.
amid record low breakevens (i.e. a need to reach increasingly for yield)
and extremely crowded positioning
In the last few days, the market has calmed down, but the ball is not now so much in the Fed’s or institutional investors’ courts, but in those of retail investors.
Whilst institutional investors will likely be happy to “collaborate”, in our view, we’re not sure if retail investors will. They will likely be receiving their quarterly statements in the next few weeks – how will they react to the recent negative performance on their funds? If the outflows continue, we see more downside in cash (vs. in synthetics) and in low beta credits (vs. higher beta credits) – the proxy hedging via indices and unwinding of what investors perceive to be their riskiest trades we’ve seen so far would be overshadowed by selling down those positions which (i) make up most of investors’ portfolios and (ii) are easier to dispose of in a capitulating market
BUT –
What drew investor attention this week most notably – as we discussed all week was Cash lagging CDS. As Citi explains, in general, we are seeing cash bonds underperforming CDS in our sectors in the most recent market volatility. The rate-fear driven selloff, which led to substantial outflows in HY funds including ETFs, are putting more pressure on cash prices as investors are selling bonds to raise cash.
The bottom line is that we have 4 extreme charts that signal a perfect storm that is increasingly out of the hands of both institutional investors and the Federal Reserve as retail flows (once the darling of yield/spread compression) force unwinds in a vicious circle with hedging (via CDS) impossible given the redemptions.
Charts: Citi
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via Zero Hedge Read More Here..
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Pots, Pans and Other Solutions (movie) | TruthTheory
In Iceland, the first European country to wake up to an economic crash, people became aware that they could and should intervene in society and started demanding more democratic participation. The payment of bank debts by citizens went to referendum. The government was forced to create a Council to…
Vía Collective Evolution FB http://www.facebook.com/131929868907/posts/10151670508933908
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Canada Day, July 1st, is an opportunity for Canadians to reflect on issues of national sovereignty.
Territorial control over Canada has been part of Washington’s geopolitical and military agenda since the 1860s, following the end of the American civil war.…
Vía Global Research http://www.globalresearch.ca/reflecting-on-canadas-sovereignty-americas-plan-to-annex-and-invade-canada/5341097?utm_source=rss&utm_medium=rss&utm_campaign=reflecting-on-canadas-sovereignty-americas-plan-to-annex-and-invade-canada
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Wikileaks Cables Confirm Existence of Extraterrestrial Life
We’re already halfway through 2013 and the world continues to wake up to the fact that we are not alone in the universe. This year alone we’ve seen a tremendous step forward regarding UFO disclosure. In early May, researchers, activists, political leaders and high ranking military/agency personnel…
Vía Collective Evolution FB http://www.facebook.com/131929868907/posts/10151670334673908
