http://market-ticker.org/

An Impending Shooting Civil War

It's amusing to watch the daily smarmy-talking-heads on Tout-TV (otherwise known as CNBS around this blog and here's looking at you, Cramer) shouting with joy as the markets make new highs on the bubble-infused schemes fueled by trillion dollar deficits that are returning less GDP expansion than the monetary expansion as a percentage of the economy. That is, said alleged "expansion" is factually false; the economy in real terms is contracting! This is basic math; if you expand the money supply by 5% ($1 trillion on a $20 trillion economy) and GDP expands by 3% then the actual result is a 2% contraction in economic output measured in the production of goods and services. Put in household terms that you can run up your credit card by an additional $2,000 when you have $40,000 of income does not make you $2,000 richer; you are in fact $2,000 poorer for doing so, plus the cost of interest! Never mind that if the current political situation continues the S&P 500 won't matter since it won't be trading anymore and all of those SJW-infused companies that make up the majority of its market cap will be laying in literal ashes. "What is Zero, Alex?"

There are those who think there could be some sort of "peace" in this regard but they're cracked in the head. We have a schism now, more-or-less, among the states – there are those areas that are deep "red" and those that are deep "blue." While the "Reds" mostly leave the "Blues" alone the converse is not true. Witness the PA AG who has sought and gained national injunctions issued all the way across the country in Washington State! He's not content to remain inside Pennsylvania and deal with whatever admixture of political process exists there – no, he wants to exert what he sees as "his power" all the way across the country, everywhere, even though by law he lacks any jurisdictional ability to do so. He makes a direct point of bragging about this all over Twitter too – daily. Indeed his positions are only thinly disguised as part of a formal "#resist" movement.

https://schiffgold.com/key-gold-news/high-consumer-confidence-shouldnt-make-us-confident/

High Consumer Confidence Shouldn’t Make Us Confident

It was the best reading since September 2000, bringing the index close to the all-time high of 144.7 reached that same year.

The mainstream touted soaring consumer confidence as another sign of a booming economy. But it’s not clear that consumer sentiment is a good gage of actual economic conditions. It often has more to do with perception than reality. You do remember what else happened in 2000, don’t you? The dot-com bubble burst.

As we pointed out in a recent article, there are certainly a lot of things that look really good right now. But there is a rotten underbelly to this booming economy. Your average consumers don’t hear about the dark side. They’re bombarded with the same message every day. Everything is great. No wonder they think everything is great.

https://schiffgold.com/key-gold-news/the-rotten-underbelly-of-todays-booming-economy/

The Rotten Underbelly of Today’s “Booming” Economy

In a recent article published at The Sovereign Man, Simon Black reflects on the 10-year anniversary of the Lehman Brothers bankruptcy. As the global financial system unraveled, Black recollects that the overriding emotion was fear.

A decade later, that fear is all but forgotten. The consensus among mainstream economists, talking heads, politicians and central bankers is that the economy has come roaring back. As Black points out, there is certainly evidence to support this notion.

Financial markets around the world have hit all-time highs.

Real estate values are at record highs.

US median household income is up.

Governments around the world are seeing strong tax revenue.

Economies are growing globally.

US GDP has increased 38% since the Lehman collapse.

So, why should we be concerned about the economy? Why should we worry?

Because if you recall, there was this same kind of unbridled optimism in the months leading up to the 2008 collapse. And there was some very similar financial rot that nobody was paying attention to.

https://www.sovereignman.com/trends/ten-years-after-the-crisis-theyre-doing-the-same-thing-and-expecting-different-results-24125/

Ten years after the crisis… they’re doing the same thing and expecting different results

It’s now officially been a decade since the collapse.

And the typical sentiment among economists, politicians, and central bankers is that the economy has come roaring back.

There’s certainly a lot of evidence to support this assertion—

Sure, financial markets have increased. Wages have (barely) increased. Economic output has increased.

But what’s really increased?

DEBT.

Look at the Land of the Free as a classic example: US GDP is up 38% over the past decade. Great.

But over the same period, the US national debt has increased 122%!

In other words, in the last ten years, the US national debt increased by more than $3 for every $1 increase in GDP. It’s brilliant!

https://www.nakedcapitalism.com/2018/09/calpers-ceo-marcie-frosts-history-embellishment-poor-management-goes-back-washington.html

CalPERS CEO Marcie Frost’s History of Embellishment and Poor Management Goes Back to Washington

Posted on September 26, 2018 by Yves Smith

The CalPERS board has decided to fight the inevitable by backing CEO Marcie Frost even though her days are clearly numbered. The board’s Performance, Compensation & Talent Management authorized a 4% salary increase and a $85,000 bonus payment yesterday which is sure to be ratified by the full board today.1

But as our story today shows more and more people are disturbed that Frost continues to get away with misrepresentations and performance exaggerations that go back much earlier than her time at CalPERS. People who have worked closely with Frost for many years in Washington are coming forward with first hand accounts of her poor performance and cover-ups.

https://www.thebalance.com/rehypothecation-investment-disaster-357232

What is Rehypothecation?

Hypothecation and rehypothecation are among the esoteric topics that many investors and traders don't encounter in day-to-day conversation very often but that, due to changes in the regulatory system and financial industry over the past decade, could have devastating consequences under the wrong set of circumstances.

It is not an exaggeration to say that certain investors, traders, and speculators (and perhaps even you) could one day log into a brokerage, commodities, or futures account only to discover that the assets they had spent a lifetime accumulating were gone, seized by the firm's creditors because the broker pledged client funds as collateral and defaulted on the debt.

https://jessescrossroadscafe.blogspot.com/

"Most American investors unaware rehypothecation is widely practiced inside US, but more limited. Rehypothecation will be the problem!

US law permits moving US client accounts from parent company to subsidiaries in other nations,which enables their use as collateral for loans usable to invest in other securities. Now, clients can specify their assets may not be transferable to a foreign jurisdiction.

Jon Corzine used MF Global to transfer US client accounts to a subsidiary entity in London, where UK rules permitted much higher levels of rehypothecation (i.e .leverage up to 4X, US rule less than 1.5X). A iming to build giant enterprise w/other people's money, it blew up."

Dr. Harald Malmgren

FOMC Statement

Fed raises rates by 0.25%Removes "accomodative" policy

https://www.forexlive.com/cryptocurrency/!/fomc-full-statement-from-the-september-2018-meeting-20180926

Information received since the Federal Open Market Committee met in August indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Household spending and business fixed investment have grown strongly. On a 12-month basis, both overall inflation and inflation for items other than food and energy remain near 2 percent. Indicators of longer-term inflation expectations are little changed, on balance.

EURUSD gains erased. Back to where it all started

https://www.forexlive.com/technical-analysis/!/eurusd-gains-being-erased-20180926

The 1.1762 was the price just before the headlines

The EURUSD has now erased the gains seen on the headlines and inital reaction. Just prior to the decision, the pair was trading just above the 100 hour MA at 1.17598 (at 1.1762). The high moved up to 1.17975- short of the high from last Friday at 1.1802.

>>3195320

Aye, captain

>>3195781

infowars report. Interdasting, no?

>>3195717

Bots get lost without it.