Sep 052018
 


Henri Matisse Luxury, calm and pleasure 1904

 

JP Morgan Warns Next Crisis To Have Flash Crashes And Social Unrest (CNBC)
Share Buybacks Boost Earnings (Roberts)
Mueller To Accept Written Answers From Trump In Russia Probe (Ind.)
Senior Diplomat Exposes US Meddling In Russian Election (ZH)
Google Bosses Expected To Snub Senate (BBC)
Mervyn King Attacks ‘Incompetent’ Brexit Approach (BBC)
Angela Merkel Admits Collapse Of Brexit Talks Cannot Be Ruled Out (G.)
Mark Carney Willing To Stay On As BoE Governor To Help ‘Smooth’ Brexit (Ind.)
US ‘Could Have Forced A Greek Debt Haircut’ – Ashoka Mody (K.)
Eight Bird Species Are First Confirmed Avian Extinctions This Decade (G.)

 

 

Yeah, I know, the Woodward book. No objective views available. Lots of sensational quotes subject to interpretation. Tons of voices saying for instance that Trump wanted Mattis to kill Assad, even ordered him to. But Woodward writes that Trump said: “Let’s fucking kill him! Let’s go in. Let’s kill the fucking lot of them..”. That doesn’t sound like an order. That’s a first reaction from someone who’s been fooled by his own staff into believing Assad was responsible. Normal first reaction. Not an order. We’ll get some more balance, but it won’t come from the MSM.

 

Liquidity, volatility, fighting in the streets.

JP Morgan Warns Next Crisis To Have Flash Crashes And Social Unrest (CNBC)

Sudden, severe stock sell-offs sparked by lightning-fast machines. Unprecedented actions by central banks to shore up asset prices. Social unrest not seen in the U.S. in half a century. That’s how J.P. Morgan Chase’s head quant, Marko Kolanovic, envisions the next financial crisis. The forces that have transformed markets in the last decade, namely the rise of computerized trading and passive investing, are setting up conditions for potentially violent moves once the current bull market ends, according to a report from Kolanovic sent to the bank’s clients on Tuesday. His note is part of a 168-page mega-report, written for the 10th anniversary of the 2008 financial crisis, with perspectives from 48 of the bank’s analysts and economists.

Kolanovic, a 43-year-old analyst with a Ph.D. in theoretical physics, has risen in prominence for explaining, and occasionally predicting, how the new, algorithm-dominated stock market will behave. The current bull rally, the longest in modern history by some measures, has been characterized by extended periods of calm punctuated with spasms of selling known as flash crashes. Recent examples include a nearly 1,600 point intraday drop in February and a 1,100 point decline in August 2015. “They are very rapid, sharp declines in asset values with sharp increases in market volatility,” Kolanovic, the bank’s global head of macro quantitative and derivatives research, said in a recent interview. But those flash crashes occurred during a backdrop of a U.S. economic expansion; the new market hasn’t been tested in the throes of a recession, he said.

“If you have these liquidity-driven sharp sell-offs that come at the end of the cycle, or maybe even causes the end of the cycle, then I think you can have a much more significant asset price correction and even more significant increase in market volatility,” Kolanovic said. [..] Kolanovic closes his report on an ominous note: “The next crisis is also likely to result in social tensions similar to those witnessed 50 years ago in 1968.”

Read more …

Tyler labeled it the graph of the decade. That may be a bit much, but it’s good to point out that earnings rise ONLY because there are so many fewer outstanding shares. Buybacks don’t only raise share prices, they raise earnings numbers too.

Share Buybacks Boost Earnings (Roberts)

[..] while top line SALES fell, bottom line revenue expanded as share buybacks and accounting gimmickry escalated for the quarter. The question is whether sales dramatically expanded in Q2? Given some of the recent economic data, we have our doubts and expect a smaller increase. (I will update this chart when S&P updates the sales/share figure for Q2) As shown in the chart below, the biggest support for earnings expansion in Q2 continues to be the dramatic decline in shares outstanding.

Of course, such should not be a surprise. Since the recessionary lows, much of the rise in “profitability” have come from a variety of cost-cutting measures and accounting gimmicks rather than actual increases in top-line revenue. While tax cuts certainly provided the capital for a surge in buybacks, revenue growth, which is directly connected to a consumption-based economy, has remained muted. Since 2009, the reported earnings per share of corporations has increased by a total of 353%. This is the sharpest post-recession rise in reported EPS in history. However, the increase in earnings did not come from a commensurate increase in revenue which has only grown by a marginal 44% during the same period and declined from 49% in Q1.

The reality is that stock buybacks create an illusion of profitability. If a company earns $0.90 per share and has one million shares outstanding – reducing those shares to 900,000 will increase earnings per share to $1.00. No additional revenue was created, no more product was sold, it is simply accounting magic. Such activities do not spur economic growth or generate real wealth for shareholders. However, it does provide the basis for with which to keep Wall Street satisfied and stock option compensated executives happy.

Read more …

if Mueller does anything in the public eye before the mid terms are over, expect chaos.

Mueller To Accept Written Answers From Trump In Russia Probe (Ind.)

Special Counsel Robert Mueller will accept written answers from President Donald Trump on whether his campaign conspired with Russia to interfere in the 2016 US election, but Mr Mueller is not ruling out a follow-up interview on that issue, Mr Mueller’s offer to accept written responses from the president on questions about possible collusion was contained in a letter that Mr Trump’s lawyers received on Friday, a person familiar with the matter said on Tuesday. Mr Trump’s legal team and Mr Mueller’s investigators have been negotiating for months over whether the president will be formally interviewed in the probe.

The president’s team have not yet answered the letter. After receiving the written responses, Mr Mueller’s investigators would decide on a next step, which could include an interview with Mr Trump, the person said. The letter was first reported by the New York Times. It was not immediately clear what those conditions mean for other avenues Mr Mueller is exploring, including whether the president sought to obstruct the Russia investigation through actions such as the firing last year of former FBI Director James Comey.

Read more …

And there is Google.

Senior Diplomat Exposes US Meddling In Russian Election (ZH)

As Russian citizens prepare to head to the polls on Sunday to vote in regional elections, a senior Russian diplomat has revealed that Moscow has uncovered a US interference effort involving a Silicon Valley tech giant and activists opposed to the government of Russian President Vladimir Putin. Following a briefing on the matter, senior Russian diplomat Andrey Nesterenko told Russia’s Interfax news agency that the US “certainly does” meddle in the Russian electoral processes, as RT reported. The revelation followed reports that Russia has resumed a major airstrike of a reputed terrorist stronghold in Idlib province over the objections of President Trump, who warned that such a strike would be a humanitarian disaster.

“Our collective opinion is that electoral sovereignty is a principle that all civilized nations should respect” the diplomat said, adding that Moscow will notify “our American partners that the actions of their media outlets allow us to state that they are close to breaking Russian law.” Specifically, Nesterenko was referring to a possible violation of Russian election laws by Google parent Alphabet, which hosted advertisements for an illegal campaign rally organized by Russian opposition leader Aleksey Navalny. Navalny is calling for protests to denounce the vote, which he believes is biased. To help spread the word, Navalny’s public movement is using paid ads on Google services like YouTube. However, holding an event dedicated to an election campaign on the same day as the vote goes against Russian law.

The Russian Central Election Commission, media watchdog Roskomnadzor, and the Russian Anti-monopoly Service have reportedly informed Google about these illegal activities being carried out on its platform. “Living in a proper law-abiding nation, we expect every actor to play by the rules. Especially an informed player. If the opposite happens, I believe we have tools at our disposal [to address that],” Andrey Kashevarov, the deputy head of FAS, said.

Read more …

It’s like an all-out power game.

Google Bosses Expected To Snub Senate (BBC)

When Silicon Valley companies once again appear in front of the US Senate on Wednesday, there will be one major absentee: Google. The Senate Intelligence Committee wanted to hear from Sundar Pichai, Google’s chief executive, or his boss Larry Page, the chief executive of Google’s parent firm, Alphabet. Barring a dramatic, last-minute change of plan, the BBC understands neither will attend. It would mark the first time a technology firm has refused to comply with the wishes of Congress since the wide-reaching inquiries into misinformation and meddling began in the wake of the 2016 election. Google had instead hoped to send Kent Walker, one of its top lawyers. The offer was abruptly shut down by the committee.

Its vice chairman, the Democratic Senator Mark Warner, said an empty chair would be left out to represent Google’s non-appearance. Eventually, senators may issue a subpoena, forcing an appearance under the threat of prosecution. “If Google thinks we’re just going to go away, they’re sadly mistaken,” said Senator Warner, speaking to Wired magazine. The hearing, scheduled to begin at 09:30 (13:30 GMT), is entitled “Foreign Influence Operations’ Use of Social Media Platforms”. As well as Google, Twitter and Facebook have been called to appear. Twitter will be represented by its chief executive, Jack Dorsey, while Facebook is sending its chief operating officer, Sheryl Sandberg. It will be the first time either executive has faced a congressional committee.

[..] The affair risks becoming a public relations crisis for Google, which just last week was doing its best to bat back claims from President Donald Trump that it was censoring conservative news outlets in its search results. The White House did not provide any evidence to support the president’s complaints, but the topic may well come up at Wednesday’s hearing. “I don’t know if it’s because [Page] wants to avoid being asked about those things or because they think they’re so important and so powerful that they don’t need to provide congressional testimony,” said Republican Senator Marco Rubio, speaking to the Washington Post. He also told the newspaper: “They should be careful with that. When a company gets too big to become accountable, they become a monopoly.”

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No kidding.

Mervyn King Attacks ‘Incompetent’ Brexit Approach (BBC)

Former Bank of England governor Lord King has blasted Brexit preparations as “incompetent”. The Brexit supporter said it “beggared belief” that the world’s sixth-biggest economy should be talking of stockpiling food and medicines. This left the government without a credible bargaining position, he said. “A government that cannot take action to prevent some of these catastrophic outcomes illustrates a whole lack of preparation,” he said. “It doesn’t tell us anything about whether the policy of staying in the EU is good or bad, it tells us everything about the incompetence of the preparation for it.” Lord King said the 11th-hour preparation for a no-deal Brexit had undermined the government’s negotiating position.

He added: “We haven’t had a credible bargaining position, because we hadn’t put in place measures where we could say to our colleagues in Europe, ‘Look, we’d like a free-trade deal, we think that you would probably like one too, but if we can’t agree, don’t be under any misapprehension, we have put in place the measures that would enable us to leave without one.'” He predicts that we will find ourselves with what’s been dubbed as Brino – Brexit in name only – which he said was the worst of all worlds. It’s also a state of affairs that he fears could drag on for years. “I think the biggest risk to the UK, and this is what worries me most, is that this issue isn’t going to go away, you know the referendum hasn’t decided it, because both camps feel that they haven’t got what they wanted.”

Lord King expressed regret and surprise that it was more difficult for a single country to present a united front than the other 27 EU members. He said: “They must have been really worried that they had 27 countries to try to corral, how could they have a united negotiating position, they were dealing with a country that was one country, made a clear decision, voted to leave, it knew what it wanted to do, how on earth could the EU manage to negotiate against this one decisive group on the other side of the Channel? “Well, the reality’s been completely the opposite. The EU has been united, has been clear, has been patient and it’s the UK that’s been divided without any clear strategy at all for how to get to where we want to go.”

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Maybe at this point Merkel should be more outspoken?

Angela Merkel Admits Collapse Of Brexit Talks Cannot Be Ruled Out (G.)

Angela Merkel has warned her country’s business leaders that the Brexit negotiations are in danger of collapse. With talks in Brussels at an impasse with just months to go before a deal needs to be agreed, the German chancellor made a rare intervention at a conference in Frankfurt. She told major players in the world of German finance on Tuesday: “We don’t want the discussions to break down. We will use all our force and creativity to make sure a deal happens. We don’t want these negotiations to collapse. But we also can’t fully rule that out because we still have no result.” The EU says it needs a deal to be struck on the withdrawal agreement covering citizens’ rights, the £39bn divorce bill and the Irish border, along with the political declaration on the future deal, by November at the latest.

The German chancellor has generally played a backseat role in the talks, preferring to intervene only at crunch points at EU summits. EU leaders are due to meet in Brussels in October, but an emergency summit is being pencilled in for 13 November in case the negotiations require an extra few weeks for agreement to be made. The leaders will be gathering at a summit in Salzburg later this month where the EU27 are planning a “carrot and stick” approach to Brexit, offering Theresa May warm words on the Chequers proposals to take to the Conservative conference alongside a sharp warning that they need a plan for Northern Ireland within weeks.

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Using the words ‘Brexit’ and ‘smooth’ in one sentence is just comedy. Wonder what they had to promise him. Knighthood?

Mark Carney Willing To Stay On As BoE Governor To Help ‘Smooth’ Brexit (Ind.)

Mark Carney told MPs on Tuesday that he was willing to stay on as governor of the Bank of England beyond his planned departure date in order to “smooth” the Brexit process. Mr Carney had planned to step down in June 2019 after six years in Threadneedle Street’s top job, two years fewer than BoE governors normally serve. But, asked by MPs on the Treasury Committee whether he would stay, Mr Carney said: “Even though I have already agreed to extend my time to support a smooth Brexit, I am willing to do whatever else I can in order to promote both a smooth Brexit and effective transition at the Bank of England.”

“The chancellor and I have discussed this. I would expect an announcement to be made in due course.” The comments come after mounting speculation in recent days that the Treasury would like Mr Carney to stay on in his role, providing more continuity during uncertain economic times. There are fears that few candidates will put themselves forward for the job as the Brexit negotiations reach a critical stage.

Read more …

“What was the basic demand of SYRIZA? To tie debt repayments to GDP and so reduce the level of austerity. Any good economist will tell you that was a very reasonable starting point for the negotiation.”

US ‘Could Have Forced A Greek Debt Haircut’ – Ashoka Mody (K.)

“The fundamental reason why the Greek crisis lasted so long was the extreme level of austerity that was imposed.” That is the verdict of Ashoka Mody, visiting professor in International Economic Policy at Princeton University, a former deputy director of the IMF’s European Department and one of the most eloquent critics of the policies of the troika in Greece and elsewhere. Mody, who recently published a long-form version of these critiques in his book “EuroTragedy: A Drama in Nine Acts”, spoke to Kathimerini about the Greek crisis and those to blame for it. We began by discussing what many consider the original sin of the bailout period: the decision not to restructure Greece’s debt in May 2010. What should the IMF have done?

“It should have insisted, it should have made the restructuring a condition of its participation,” the Indian-born economist said, mentioning that the staff report all but admitted the debt was unsustainable and that Dominique Strauss-Kahn later said he was in favor of debt relief. “The reason it didn’t happen was the ideological opposition of the European Central Bank – in this case supported by the US Treasury. Strauss-Kahn did not want to offend either the Americans or the Europeans. The stance of the US Treasury was critical – if its representative on the Executive Board had come out in favor of a restructuring, it would have happened. Instead, it sided completely with the European viewpoint – the Treasury secretary, Tim Geithner, believed that there should never be a restructuring in the midst of a crisis.”

Regarding the argument that the problem in Greece (compared with other bailout countries) was there was no ownership of reforms, Mody said: “It is indeed the case that IMF programs only succeed when there is ownership. The question is what were Greeks asked to own. The arithmetic of austerity was relentless, cruel. Whatever the Greeks did, with austerity on such a scale they could not have escaped the collapse in gross domestic product. And then things became even worse, because the recession led to targets being missed, which led to more measures! The IMF published studies at the time showing what a terrible idea it was to impose further austerity in a recession, how it worsens the debt-to-GDP ratio. Yet the IMF kept doing it in Greece, ignoring all its internal studies!”

[..] The conversation turned to 2015. How does he think the creditors should have handled SYRIZA differently? “Look, even before SYRIZA came to power, Wolfgang Schaeuble said that elections do not matter. On January 31, 2015, six days after the election, Erkki Liikanen, the head of the Finnish central bank, says that if the new government does not accept the program, the ECB will cut liquidity support for Greek banks. Four days later, the ECB withdraws the waiver [which allowed the banks to borrow cheaply from it, using Greek government bonds as collateral]. And in June, the Europeans close down the banks. What was the basic demand of SYRIZA? To tie debt repayments to GDP and so reduce the level of austerity. Any good economist will tell you that was a very reasonable starting point for the negotiation.”

Read more …

More of my friends are leaving every day. Some don’t even say goodbye.

Eight Bird Species Are First Confirmed Avian Extinctions This Decade (G.)

Spix’s macaw, a brilliant blue species of Brazilian parrot that starred in the children’s animation Rio, has become extinct this century, according to a new assessment of endangered birds. The macaw is one of eight species, including the poo-uli, the Pernambuco pygmy-owl and the cryptic treehunter, that can be added to the growing list of confirmed or highly likely extinctions, according to a new statistical analysis by BirdLife International. Historically, most bird extinctions have been small-island species vulnerable to hunting or invasive species but five of these new extinctions have occurred in South America and are attributed by scientists to deforestation.

Stuart Butchart, BirdLife International’s chief scientist, said the new study highlighted that an extinction crisis was now unfolding on large continents, driven by human habitat destruction. “People think of extinctions and think of the dodo but our analysis shows that extinctions are continuing and accelerating today,” he said. “Historically 90% of bird extinctions have been small populations on remote islands. Our evidence shows there is a growing wave of extinctions washing over the continent driven by habitat loss from unsustainable agriculture, drainage and logging.” More than 26,000 of the world’s species are now threatened, according to the latest “red list” assessment, with scientists warning that humans are driving a sixth great extinction event.


The Brazilian Spix’s macaw, as seen in the children’s movie Rio, is one of the eight birds to become extinct Photograph: Al Wabra Wildlife Preservation

Read more …

Home Forums Debt Rattle September 5 2018

This topic contains 6 replies, has 5 voices, and was last updated by  seychelles 2 weeks, 4 days ago.

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  • #42709

    Henri Matisse Luxury, calm and pleasure 1904   • JP Morgan Warns Next Crisis To Have Flash Crashes And Social Unrest (CNBC) • Share Buybacks Boos
    [See the full post at: Debt Rattle September 5 2018]

    #42710

    Nassim
    Participant

    More MSM excerpts plus pithy ironic comments.

    Here is a bit of more spicy stuff:

    Let’s start with Israel and Lebanon. How are things between Israel and Lebanon since 2006 to date, in 2018? It is clear that Israel is deterred (from any aggression against Lebanon). This Israel who, all his life, was attacking Lebanon for the most trivial reasons –its planes were bombing the south, the Bekaa, the North, Mount Lebanon, even the heart of the capital. You all remember the situation before 1982 and after 1982. But things have changed, and Israel does no such thing today. And it’s not because of good manners (allegedly acquired by) Israel, but thanks to the (deterrent) equation imposed by the Resistance.

    Today, Israel, since 2007 to date, continually rebuilds and refounds itself in the light of its (2006) defeat and of the consequences of this defeat. They reviewed their combat doctrine, their military strategies and tactics –each time a new Chief of staff takes office, he writes a new strategy for the Israeli army–, their structure, the training of their forces, they have reconsidered their facilities and equipment and weapons, they continually hold maneuvers since 2006 and until yesterday, yesterday, there were maneuvers in the north.

    Why? Why all these maneuvers, these reconsiderations, etc.? Because they consider that in Lebanon, there is a force that worries them (greatly), and that is to them, in their words, a “great threat” the “main threat”, and they are preparing to face it (at their best). (Throughout its history), when did we find Israel behaving this way towards Lebanon? (Never before 2006).

    Israel hides itself behind the walls (it erected at the border) with Lebanon. They work constantly on their home front, and set out their fears at this level. Today, in every action –and I am not revealing secrets, even their media speak of it–, Israel considers (the risks of strikes against) the electricity, gas, oil, its gas facilities, the colonies, the depth, etc., because they know that in front of them, there is a serious, powerful and capable enemy. And I will conclude on this in a decisive sentence.

    Hassan Nasrallah: Resistance Axis triumphs, US’ & Israel’s Wars are Over

    It takes no genius to realise that the map of the Middle East is going to revert to something close to what it was 100 years ago. Where the Jews will go, I have no idea. It is not the problem of the people of the region. It is a problem for those who imposed them on the region. All those British aristocrats and prime ministers who were in their pay have a lot to answer for.

    It is really quite amazing to watch the Jews claiming control of the British Labour party as though they represent what remains of the British working class.

    #42711

    Nassim
    Participant

    Here is the NYT delivering moral support to mostly foreign terrorists – because that is what Israel wants.

    ‘Aid-Delivering’ Syrian Rebels: The New York Times Shows Warm, Fuzzy Side of Al-Qaeda

    #42712

    Dr. D
    Participant

    “The White House did not provide any evidence to support the president’s complaints…”

    I’ve seen this journalistic ‘aside’ in several articles, which is unusual. The journalist is reporting evidence of what is, then stops to point out, it isn’t. Except it is, again, fake news. The President took screen shots of Google search and posted them with his comments. Is that somehow not evidence now? No doubt the gentleman (or in his case, ‘man) who has direct access to the highest secrets and clearance is promoting “conspiracy theories”. Because that’s what we say about the person who can and does directly read all those secrets we can’t: he doesn’t read them, he doesn’t know what he’s talking about, and he knows less than a 1st year reporter from Buzzfeed, who’s going to tell him how it is, I kid you not. Many times now saying the man with highest clearance doesn’t know, but they, a reporter in San Bernardino, does. That Vice reporter knows the inner workings of DARPA and DJT doesn’t. Hey, he can be liar, and often is, but I don’t think he can credibly be a conspiracy theorist, because he’ll just call down the NSA and say, “deliver the records.’ How far we’ve come. So if it’s this looking-glass, when is the word used now and why?

    In any case, that leaves BBC and NYT saying “presented no evidence of this foolishness” when the 40 million on his Twitter feed saw the screen pic of the bent results. And that’s aside from how it couldn’t be more obvious, except that each side is saying it’s them, instead of recognizing that they’re equally ecstatic to bend and suppress the Progressives, because their goal is the status quo at all costs. For instance:

    “We do not shadow ban. You are always able to see the tweets from accounts you follow (although you may have to do more work to find them, like go directly to their profile). And we certainly don’t shadow ban based on political viewpoints or ideology.” -Twitter

    So when a person is undiscoverable even by a direct name search, that’s not shadowbanning. Got it.

    Says Olinda Hassan, a Policy Manager for Twitter’s Trust and Safety:
    “Yeah. That’s something we’re working on. It’s something we’re working on. We’re trying to get the shitty people to not show up. It’s a product thing we’re working on right now.”

    Who decides who’s ‘shitty’? Read on.

    “Twitter Content Review Agent Mo Nora explains that Twitter doesn’t have an official written policy that targets conservative speech, but rather they were following “unwritten rules from the top”:

    “A lot of unwritten rules, and being that we’re in San Francisco, we’re in California, very liberal, a very blue state. You had to be… I mean as a company you can’t really say it because it would make you look bad, but behind closed doors are lots of rules…There was, I would say… Twitter was probably about 90% Anti-Trump, maybe 99% Anti-Trump.”

    Pranay Singh says Twitter digs into your profile to determine whether or not you’re a “redneck” and therefore worthy of being banned:

    “Yeah you look for Trump, or America, and you have like five thousand keywords to describe a redneck. Then you look and parse all the messages, all the pictures, and then you look for stuff that matches that stuff.” When asked if the majority of the algorithms are targeted against conservative or liberal users of Twitter, Singh said, “I would say majority of it are for Republicans.”

    “[I] Must admit that when some [Republican] sources have complained about this to me I mocked them to their face as conspiracy theorists,” said Axios’ Jonathan Swan. He said the Vice report had caused him to rethink the issue.”

    But that’s not evidence according to NYT and BBC. How about this?
    Twitter head Jack Dorsey said, “We do not look at content with regards to political viewpoint or ideology… I think we need to constantly show that we are not adding our own bias, which I fully admit is left, is more left-leaning,”

    So his bias, which is doesn’t have, is a bias he has that doesn’t matter that he has it. Not like his engineers and staff are voluminously quoted as admitting overwhelming bias and banning, as reported by anti-conservative outlets like Vice and Buzzfeed or anything.

    Hey BBC, you know what we call that? “Censoring conservative news outlets in its search results.”

    (P.S. plus Progressives who are antiwar or not corporatist enough)

    While this example is Twitter and not Google, Google is both worse and easier to prove. Recently a report showed they could swing segments of voters 12%, far over the margins of error, and it was reported today that they in fact did this in Russia, for (yet another) example of election tampering. I know this is Breitbart, but it’s just screen shots, did you really think BBC or NYT would assemble this?

    HRC
    https://www.breitbart.com/tech/2016/09/13/hillary-google-bias-confirmed-experiment/

    Wow, what a coincidence, right in the middle of an election. But I’m sure the search results for DJT were just as universally laudable, right?

    Yup, no evidence here. And there’s no fake news. The guy with access to all, plus posting screen shots any one of us can duplicate, is just an unhinged conspiracy theorist. OMG, why do they report such false stuff that they force me to defend him/it? Nobody wants that.

    #42713

    Dr. D
    Participant

    Brexit Gone Wild: What a prefect excuse to install that Totalitarianism you always wanted.

    Never let a crisis go to waste: create one on purpose instead.

    #42714

    V. Arnold
    Participant

    We’ll see…

    #42718

    seychelles
    Participant

    Social unrest not seen in the U.S. in half a century. That’s how J.P. Morgan Chase’s head quant, Marko Kolanovic, envisions the next financial crisis.

    Well, certain situations (upcoming mid-term elections) ethically require certain actions. Self-serving engineered actions by the folks who always know what’s best for us.

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