Tuesday, September 1, 2015

IMPORTANT HEADLINES...............

WITH EACH PASSING WEEK OUR WORLD IS BECOMING MORE DANGEROUS AND MORE UNHINGED. YOU CAN'T HIDE FROM REALITY FOLKS!

US Equities Are Crashing Again - Dow Futures Down 430, S&P Down 50, Nasdaq Down 110

US equity futures markets have just pushed to fresh overnight lows, with the last leg down seemingly triggered by the CAD recession print.


Unusually Massive Protests Erupt in Japan Against Forthcoming "War Legislation"


In case you aren't up to speed on your Japanese history, the nation's post WWII Constitution prohibits military action unless it's in self-defense. Clearly a sensible approach, which is why the current Japanese government, led by the demonstrably insane and incompetent Prime Minister Shinzo Abe, wants to get rid of it. Not only will this action increase the likelihood of World War III in the Far East, but it's another important example of a government acting against the will of the people. Democracy is dead. Globally. If we fail to bring it back, history will see us as one of the most inept and spineless generations in history.

Russian Military Forces Arrive In Syria, Set Forward Operating Base Near Damascus

A Russian expeditionary force has already arrived in Syria and set up camp in an Assad-controlled airbase. The base is said to be in area surrounding Damascus, and will serve, for all intents and purposes, as a Russian forward operating base. In the coming weeks thousands of Russian military personnel are set to touch down in Syria, including advisors, instructors, logistics personnel, technical personnel, members of the aerial protection division, and the pilots who will operate the aircraft.

Global Trade In Freefall: South Korea Exports Crash Most Since 2009

While the market's attention overnight was focused on China's crumbling manufacturing and service PMI, data which was already hinted in the flash PMI reports earlier in August, the real stunner came not from China but from South Korea, which last night reported an unprecedented 14.7% collapse in exports, far worse than the -5.9% consensus estimate, and more than 4 times worse than July's 3.4%. 

The number is critical because not only do exports account for about half of South Korea's GDP but because it also happens to be the first major exporting country to report monthly trade data. That makes it the perfect barometer of global trade flows, or as the case may be, the canary in the global trade coalmine. It also confirms  that "Global Trade Is In Freefall."


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.  

In the meantime, there is something scarier than Freddy Krueger: our growth / fiscal outlook. With no growth and no fiscal measures, the primary fiscal figure for 2015 & 2016 will be scarier than Freddy Krueger & Jason together…

Canada Enters Recession

It appears low oil prices are not awesome for everyone. For the second quarter in a row, Canadian GDP dropped (-0.5%) pushing America's northern neighbor back into recession.

China Rocked By Another Massive Chemical Explosion

Seriously, what is going on over there? 3rd Explosion in just 10 days or so?

*BLAST SEEN IN CHEM. IND. ZONE IN SHANDONG, CHINA: PEOPLES DAILY

This is the second explosion in Shandong, which both follow the huge and deadly explosion in Tianjin.

America Should Be On High Alert For A Major Earthquake Along The New Madrid Fault


Did you know that a magnitude 3.5 earthquake hit the New Madrid fault about a week ago? 

According to Fox News, the New Madrid fault line is approximately twenty times larger than the San Andreas fault in California, and it is starting to wake up.  Most people don't realize this, but this fault zone has produced some of the largest earthquakes in U.S. history.  In 1811 and 1812, immensely powerful earthquakes along the New Madrid faultrang church bells in Boston and permanently changed the course of the Mississippi River.  If we had similar earthquakes today, the devastation would be unimaginable.  Unfortunately for us, earthquake activity in the middle part of the country is becoming much more common.  The USGS says that the number of significant earthquakes in the middle part of the country has more than quintupled in recent years, and the USGS has publicly admitted that the New Madrid fault zone has the "potential for larger and more powerful quakes than previously thought".  

According to international insurance giant Swiss Re, if the 1811 and 1812 New Madrid earthquakes were to repeat today, the losses would be in the hundreds of billions of dollars…

A series of big shakes — of the sort last seen in 1811 and 1812 — would cause about $300 billion in damage, Swiss Re says. Houses — especially brick ones — would collapse. Buildings would sink sideways into liquefying earth. Bridges might tumble into the rivers. The route of the Mississippi River could change — as it did in the last big quake.

People would die, perhaps by the thousands. Being mainly a property reinsurer, Swiss Re didn't estimate the human toll.

Could you imagine what that would do to our nation?

The financial markets would collapse, the federal government would simply be unable to aid everyone that was suffering, and transportation on and across the Mississippi River would be brought to a standstill.

And this is a threat that government officials take quite seriously.  In fact, the U.S. Northern Command was just involved in a large scale exercise that simulated a major earthquake along the New Madrid fault…

New Madrid Fault Earthquake Zone

No comments:

Post a Comment