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Brazil Faces Unemployment “Crisis”, As Retail Sales Plunge, Rousseff Blasts “Coup-Mongers”

Brazil Faces Unemployment “Crisis”, As Retail Sales Plunge, Rousseff Blasts “Coup-Mongers” Brazilian President Dilma Rousseff got a rare bit of respite on Tuesday when a Supreme Court justice granted an injunction that delays a lower house vote which could have paved the way for impeachment proceedings. House speaker Eduardo Cunha has remained defiant, vowing to […]

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The G-30 Group Of Central Bankers Warn They Can “No Longer Save The World”

The G-30 Group Of Central Bankers Warn They Can “No Longer Save The World” In a detailed report by the Group of Thirty, central bankers warned that ZIRP and money printing were not sufficient to revive economic growth and risked becoming semi-permanent measures. As Reuters reports, the flow of easy money has inflated asset prices like stocks and […]

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Moscow Demands Britain Explain “Green Light To Shoot Down Russian Jets”

Moscow Demands Britain Explain “Green Light To Shoot Down Russian Jets” The chances of escalation from a proxy war to outright war just went to 11 on the Spinal Tap amplifier of sabre-rattling. A day after British and NATO pilots were reportedly given the green light to take drastic action against Russian fighter jets if they come under threat […]

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Snowden Has A Simple Solution To Get To The Bottom Of The US Afghan Bombing “War Crime”

Snowden Has A Simple Solution To Get To The Bottom Of The US Afghan Bombing “War Crime” Overnight, Medecins Sans Frontiers, or the “Doctors without Borders” medical group which suffered a tremendous loss of life at the hands of US bombardment this past Saturday, stepped up its criticism of what it has previously called a […]

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Russian Warships Launch Missile Attack On Syrian Targets, Clearing Way For Iran Ground Invasion

Russian Warships Launch Missile Attack On Syrian Targets, Clearing Way For Iran Ground Invasion In case it wasn’t clear enough what was set to happen soon after the Russian air force had spent a few days softening up anti-regime positions on the ground, allow us to spell it out: with the opposition on the run […]

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Saudi Oil Minister Puts On Brave Face Amid Severe Headwinds: “Eventually, Economic Producers Will Prevail”

Saudi Oil Minister Puts On Brave Face Amid Severe Headwinds: “Eventually, Economic Producers Will Prevail” As the EM world looks on helplessly while Saudi Arabia’s war with the US shale complex (and, by extension, with the Fed) serves to keep crude prices depressed putting enormous pressure on commodity currencies and accelerating emerging market outflows, the […]

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Heading Toward a Collision: Syria, Saudi Arabia and Regional Proxy Wars

Heading Toward a Collision: Syria, Saudi Arabia and Regional Proxy Wars A recent Guardian article (“Saudi Arabia says there is no future for Assad in Syria”) Saudi Foreign Minister Adel al-Jubeil is quoted saying, “This [the Syrian civil war] could be a more lengthy process and a more destructive process but the choice is entirely that of Bashar […]

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UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal

UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal With countless settlements documenting the rigging of every single asset class, it was only a matter of time before the regulators – some 10 years behind the curve as usual – finally cracked down on gold manipulation as well, even though as we have […]

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Now What?

Now What? September 18 – Reuters: “The world’s leading central banks are facing the risk that their massive efforts to revive economic growth could be dragged down again, with some officials arguing for bold new ideas to counter the threat of slow growth for years to come. A day after the U.S. Federal Reserve kept […]

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The Petroyuan Cometh: Launch Of Renminbi-Denominated Oil Futures Contract Imminent

The Petroyuan Cometh: Launch Of Renminbi-Denominated Oil Futures Contract Imminent Whenever one talks about the death of the petrodollar, the unspoken question lurking just beneath the surface is this: is the rise of the petroyuan just around the corner? This year, we’ve gotten quite a bit of evidence to suggest that the answer to that question […]

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Puerto Rico To Run Out Of Cash By Year End, Faces $13 Billion Shortfall

Puerto Rico To Run Out Of Cash By Year End, Faces $13 Billion Shortfall Remember when two months ago Schauble jokingly offered Jack Lew to “trade” Greece for Puerto Rico? Something tells us in the interim period the German finmin changed his mind because while the Greek can has been kicked again, if only for the […]

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China Takes “10 Steps Back,” Slaps 20% Reserve Requirement On Currency Forwards

China Takes “10 Steps Back,” Slaps 20% Reserve Requirement On Currency Forwards Overnight, China decided to take steps to reduce “macro financial risks.” And by that they mean “do something quick to help ease pressure on the yuan” and by extension, on the PBoC’s rapidly depleting FX reserves. To that end, starting October 15 banks will […]

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Brazil Throws In Towel On Budget; Citi Compares Fiscal Outlook To “Bloody Terror Film”

Brazil Throws In Towel On Budget; Citi Compares Fiscal Outlook To “Bloody Terror Film” Late last week, Brazil officially entered a recession as the economy contracted 1.9% in Q2, a quarter in which Brazilians suffered through the worst stagflation in over ten years. What was perhaps worse than the GDP print however, was budget data […]

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Ukraine Reignites – 50 Injured After Grenade Attack On Parliament

Ukraine Reignites – 50 Injured After Grenade Attack On Parliament Amid the Ukraine government’s vote for constitutional changes to give its eastern regions a special status(that it hopes will blunt their separatist drive) protests have turned deadly as RT reports 50 Ukrainian nation guards have been injured in a greande blast near parliament in Kiev. The clashes began […]

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Greece reverts back to a BARTER economy as global financial system unravels

Greece reverts back to a BARTER economy as global financial system unravels Greece’s finances and its national economy have both deteriorated so dramatically that now average citizens are being forced to do something they haven’t had to do since the country was occupied by Nazi Germany: Barter for their basic needs and essentials. As reported […]

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Olduvai II: Exodus
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