"Tick... Tock"
• http://www.zerohedge.com, by Tyler Durden8 years to fix the malfunctioning heart of the world's financial and legal systems but nothing was actually done … and now the clock is ticking and there is hardly any time left.
Contents Pages by Subject
Economy - International
Dependence On Central Banks Is "Unrealistic And Dangerous", BIS Warns
• http://www.zerohedge.com, by Tyler DurdenTo be sure, there's something terribly ironic about the central bank for central banks telling the world that the market is too dependent upon central banks, but then again, the Bank for International Settlements isn't exactly shy...
Equity Markets, Credit Creation, & The Central Bank's Ultimate Priority
• by Alasdair MacleodThere is one class of money that is constantly being created and destroyed, and that is bank credit.
The 'next subprime' is getting ready to blow
• Business InsiderDow down 239 points yesterday -- or 1.5% -- after Japan posted its biggest one-day gain in seven years. (More below on this in today's Market Insight …)
Ex-NYSE Chief Admits "It's Not A Fair Market... It's Bad For The Country"
• http://www.zerohedge.comWhen a digital dickweed exposes the reality "the equity markets are broken," it can be shrugged off as the rantings of a kid in his mom's basement.
Don't fret about the data, China's GDP forecast to be good news
• FT.comChina's economic data for September will not be collated until early next month, but the ruling Chinese Communist party has already decided they will bring cheering news.
Oil could plunge to $20 in doomsday scenario, Goldman says
• usatoday.comMarket observers have been waiting to see whether any major producers will lower production to preserve pricing.
Jim Rogers to Sputnik: China Outperforms US, Other World Markets
• LewRockwellChina's market has performed better than any other in the world, including the United States, over the past year despite recent stock market turbulence, veteran US investor Jim Rogers told Sputnik.
Why the Greeks Should Repudiate Their Government's Debt
• https://mises.org, Simon WilsonIn apportioning blame for the Greek government debt crisis, it would be difficult not to lay the major share on Greece itself.
Venezuelans turn to homemade products as shortages drag on
• yahoo.comFrom makeup to insect repellent, Venezuelans are looking to natural and homemade products in response to the chronic shortages resulting from a deepening economic crisis in the socialist-ruled country.
This Is EXACTLY What The Early Phases Of A Market Meltdown Look Like
• http://theeconomiccollapseblog.com...during the financial crisis of 2008. 9 of the 20 largest single day declines in stock market history happened that year, but 9 of the 20 largest single day increases in stock market history also happened that year.
Justice At Last: Spain Is Forcing Banks To Pay Fines For Empty Homes
• True ActivistBarcelona's new mayor has kept her promise to go after the banks who started the crisis, and other cities are doing the same
The Massive Debt Bomb is Going to Explode: "We Are Reaching a Limit"
• http://www.shtfplan.comPersonal and household debt is at unprecedented historical levels. Many Americans are stretched many times past their limit with no hope of getting out of the black. Student loan debt is its own huge bubble, waiting to burst
Asian shares get lift from Wall St., dollar steadies
• ReutersAsian shares rose on Friday thanks to gains on Wall Street, while the dollar steadied after facing pressure from a rallying yuan and U.S. data that offered no clarity on whether the Federal Reserve might raise interest rates next week.
Brazil's Cut to Junk Sends Bonds Sliding as Petrobras Tumbles
• BloombergBrazil's currency led global declines, stocks tumbled and bonds yields surged after Standard & Poor's cut the nation's credit rating to junk with a negative outlook, deepening the selloff for this year's worst-performing major emerging market
Are We Silently at War with China? 4th Explosion Rocks Country After Currency Devaluation
• TruthStreamMediaNow a FOURTH series of explosions has hit China after it very purposefully devalued its currency a few weeks ago…
This Is EXACTLY What The Early Phases Of A Market Meltdown Look Like
• http://www.prisonplanet.comThere is so much confusion out there. On the days when the Dow goes down by several hundred points, lots of people pat me on the back and tell me that I "nailed" my call for the second half of this year.
Global Stocks Retreat Amid Renewed Rate Concerns; Oil Advances
• BloombergGlobal stocks slipped as signs of resilience in the U.S. labor market and comments from the Bank of England rekindled concern the Federal Reserve will raise interest rates even as China's slowdown threatens global growth.
Why The Greeks Should Repudiate Their Government's Debt
• http://www.zerohedge.com, by Simon WilsonIn apportioning blame for the Greek government debt crisis, it would be difficult not to lay the major share on Greece itself.
Revolution on the Ranch
• bonnerandpartners.comGlobal stock markets had a strong day of gains yesterday. Bloomberg reported that the Dow rose 390 points – or 2.4% – "on optimism over China." We're amazed.
Why Did China Invite Blackrock's Larry Fink For Advice How To Manipulate...
• http://www.zerohedge.com, by Tyler DurdenWhy Did China Invite Blackrock's Larry Fink For Advice How To Manipulate Its Stock Market?
Krugman Joins Goldman, Summers, World Bank, IMF, & China...
• http://www.zerohedge.com, by Tyler DurdenKrugman Joins Goldman, Summers, World Bank, IMF, & China: Demands No Fed Rate Hike
Wall St. opens higher on hopes of more stimulus in China
• www.reuters.comChina's Ministry of Finance said the government will strengthen fiscal policy, boost infrastructure spending and speed up reform of its tax system, adding to other steps to reenergize sputtering growth.
U.S. oil exports: Coming soon?
• CNN MoneyA powerful combination of forces, starting with the massive United States shale oil boom, cheap gas prices and the Iranian nuclear deal is propelling this move much quicker than anybody expected.
This only happens about once in a decade…
• http://www.sovereignman.com, bySimon BlackBy late 2002, the national currency of Brazil (known as the "real") was practically in free fall.
The Case for Outlawing Cash
• https://www.lewrockwell.comGUALFIN, Argentina - September is here. As expected, market volatility is increasing. The Great Zombie War is intensifying. And investors are getting scared.
China has spent $236 billion on its stock market bailout
• http://money.cnn.comThe Chinese government has spent 1.5 trillion yuan ($236 billion) trying to prop up the country's plunging stock market, according to analysis by Goldman Sachs.
Bond Market Sends Fed All-Clear to Raise Interest Rates
• http://www.bloomberg.comJanet Yellen has the fixed-income market just where she wants it: ripe for the first increase in U.S. interest rates since 2006.
U.S. Stocks Follow Gains in Global Equity Markets After Holiday
• http://www.bloomberg.comU.S. stocks rose, after the Standard & Poor's 500 Index's second-biggest weekly retreat this year, after a late rally in Chinese stock markets led global equities higher.
Podcast: "US Dollar: Interest Rate Hike Is Priced In" (Peter Schiff)
• Schiff on the MarketsPeter Schiff considers the U.S. Dollar may indeed trade down even if the Fed raises interest rates next week.
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