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Articles by Max UK
Another Sexual Assault Gets Refugees Banned From Pools In Austria
Earlier this year we reported that a town in Germany had banned adult male asylum seekers from the public pool after receiving complaints that some women were sexually harassed. As a result, Germany created a leaflet that it handed out to "sexually frustrated" immigrants at local swimming pools to teach them proper poolside etiquette.
Silver ETF Holdings Soar To Record Highs
With precious metals prices soaring this week, month, and year on the back of flailing Fed credibility, it is not entirely surprising that assets in exchange-traded funds backed by silver have swelled as investors seek a haven from global economic and political risk. In fact, as of today, Silver ETF holdings have never been higher... As Bloomberg adds, Prices of the white metal have advanced 28 percent in 2016, outperforming gold.
Forget "Ghost Cities", China Turns To "Ghost Screenings" To Boost Box Office
As the world came to depend increasingly on China for growth in the wake of the financial crisis, scrutiny around the economic numbers emanating from Beijing began to build. Despite the contention from the NBS that Chinese data “reflect the real situation,” virtually no one trusts the numbers and as we’ve documented extensively, it’s not even clear, when it comes to GDP at least, that the misleading numbers are all China’s fault.
Winning The Hillary Way
Submitted by Jim Quinn via The Burning Platform blog, The corporate MSM pundits are ignoring the YUUGE upset yesterday in Michigan. Bernie Sanders pulled off an epic upset and it barely gets a mention by the in-the-bag-for-Clinton corporate media. If you ever needed more proof that polls conducted by these morons are as worthless as an Obama promise, see the polls below regarding Michigan. Clinton can’t beat a died in red socialist when she has more money than the Vatican supporting her.
What Could Go Wrong? Saudis Want To Give Surface-To-Air Missiles To Syrian Rebels
When the Russians started flying from Latakia on September 30 it put the Syrian opposition in a decisively precarious situation. Whereas the Syrian air force was largely out of date and relied on replacement parts and continual maintenance to remain viable, Moscow brought one of the most formidable sky attacks on the planet to a fight against rebels with zero air capability and exceptionally limited capacity to defend themselves against an aerial assault.
Freddie Mac, Bank Of America Launch Another 3% Down Mortgage Program
Back in October we posted the following image on the way to introducing a new mortgage product co-sponsored by Quicken and Freddie Mac. In what the companies billed as “a new effort dedicated to building a better American housing system,” Quicken and Freddie announced what they called an “innovative solution” to “meet the needs of emerging markets, including millennials, first-time homebuyers and middle-class borrowers.” What’s “innovative” about Quicken and Freddie’s “solutions”, you ask?
As Foreign Central Banks Quietly Park $250 Billion In Cash At The Fed, A Mystery Emerges
When the Fed unveiled its reverse repo program several years ago, it was meant to be a means for the Federal Reserve to soak up excess liquidity from domestic financial institutions when the Fed eventually proceeded to hike interest rates, as it did in mid-December.
A "Nervous" NATO Fears Turkey, Russia May Soon Go To War
If you want our take - and let’s face it, you must because that’s why you’re here - we wouldn’t put too much faith in today’s announced Syrian “ceasefire” agreement. Although the deal calls for the cessation of hostilities as of Saturday at midnight, you shouldn’t expect the Russians and the Iranians to halt their advance on Aleppo and likewise, you shouldn’t expect Turkey to stop shelling the Azaz corridor in a largely transparent effort to keep the supply lines to the rebels open.
Wikileaks Releases Proof Of NSA Spying On Merkel, Netanyahu, Berlusconi And Others
In a shocking new set of cables released by Julian Assange's Wikileaks organization, highly classified documents show that the NSA bugged meetings between UN Secretary General Ban Ki-Moon's and German Chancellor Angela Merkel (over climate change); between Israel prime minister Netanyahu and Italian prime minister Berlusconi (begging for help to deal with Obama); between key EU and Japanese trade ministers discussing their secret trade red-lines at WTO negotiations; as well as details of a...
Frontrunning: December 1
- The average amount Americans spent on some key product categories declined on Thanksgiving and Black Friday, as mobile shopping drove smaller orders and aggressive discounts pushed down prices, according to First Data Corp. (http://on.wsj.com/1NF13AX) - U.S. regulators cut annual requirements for how much ethanol must be mixed into the nation's fuel supply. But the reductions were smaller than originally proposed, softening the blow to ethanol companies and their Farm Belt supporters.
China Manufacturing Slumps To 3-Year Lows And Soars To 5-Month Highs
Following the earlier onslaught of weak (and strong) economic data, China has revealed its official and Caixin-based PMI surveys for Manufacturing and Services. Sure enough, while China's official manufacturing data missed (to Aug 2012 lows), Ciaxin's survey beat, jumping to June 2015 highs. even as China's official Services PMI beat expectations, bouncing off 15-month lows.
Meanwhile In Greece, The Price Of A Prostitute Drops To €4 Per Hour
Six years of crippling financial crisis have sent Greek students to the streets. However, not for anti-austerity protests but for sex.
800 Shotguns Headed To Belgium From Turkey Seized In Italy
Following the ISIS assault on Paris that left 130 dead prompting Francois Hollande to declare that France is “at war,” authorities quickly established a link to the infamous Brussels suburb of Molenbeek. The working class, immigrant neighborhood - which is separated from the historical district by a canal and is but a 20 minute subway ride from Brussels' European Quarter - has become synonymous with radicalization and terror.
Frontrunning: October 27
- A U.S. Navy destroyer sailed within 12 nautical miles of artificial islands claimed by China, in a direct challenge to Beijing that raises the stakes in an expanding, multination territorial dispute.(http://on.wsj.com/1H5uNi9) - A state banking regulator is poised to fine Goldman Sachs Group Inc $50 million for a former employee's alleged obtaining and sharing of confidential supervisory materials from the Federal Reserve Bank of New York.(http://on.wsj.com/1H5yBjE) - Valeant...
BofA Says It's Time To Sell WTI Crude With A Price Target As Low As $35; Here's Why
Following this weekend's news that the massive Calgary fire, while still spreading, may soon be under control courtesy of some wet weather and favorable winds, as well as the stunner from Saudi Arabia that Ali al-Naimi was out, replaced with a puppet of the hawkish deputy drown prince Mohammed bin Sultan - a succession many saw as bearish for future oil prices - algos had refused to give up on recent momentum, and pushed WTI just why of $46/bbl overnight.
Snow In The Summer? Card Data Shows Unexpected, "Disappointing" Drop In June Retail Spending
Even as volatility around the globe has soared in many cases to record levels (see China), one of the reasons why the S&P has desperately defended the 200 DMA with US stocks vol barely budging from multi year lows is that pundits, for some inexplicable reason project that Q2 earnings season will be good. It won't be.
Where The Greeks Are Hiding Their Cash
While today surprised some with its lack of images of Greeks standing in line furiously pulling cash from bank ATMs, as Bloomberg reports, Greeks are anxiously stashing cash in the most unusual places... As Bloomberg reports, in the days after Tsipras’s election, the nation’s banks found themselves busy again... The teller at National Bank of Greece SA leaned forward to tell one customer something he’s noticed over the past few days.
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