Category: Aggregated

Remember when the Fed’s dots – less than a month ago – suggested there would be 4 rate hikes in 2016? Ah, the memories. Well, you can not only forget that (now that the market is estimating the next rate hike will come in October if ever), but it appears that the Fed will follow Kocherlakota’s advice after all and not only cut rates (the possibility of a January rate cut now is 10%), but will pass go, and collect negative rates: DUDLEY: IF ECONOMY WEAKENED, WOULD CONSIDER NEGATIVE RATES After today’s atrocious, recessionary data, one can be certain that … Continue reading →

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Matthew 7: 15 “Watch out for false prophets. They come to you in sheep’s clothing, but inwardly they are ferocious wolves. 16 By their fruit you will recognize them. Divination is the attempt to gain insight into a question or situation by way of an occultic, standardized process or ritual. A charlatan (also called swindler or mountebank) is a person practising quackery or some similar confidence trick in order to obtain money, fame or other advantages via some form of pretense or deception. “We really can’t forecast all that well, and yet we pretend that we can, but we really … Continue reading →

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To awaken Thursday to front-page photos of U.S. sailors kneeling on the deck of their patrol boat, hands on their heads in postures of surrender, on Iran’s Farsi Island, brought back old and bad memories. In January 1968, LBJ’s last year, 82 sailors of the Pueblo were captured by North Korea and held hostage with Captain Lloyd “Pete” Bucher, and abused and tortured for a year before release. In the final 444 days of the Carter presidency, 52 Americans were held hostage in Tehran, and released only when Ronald Reagan raised his hand to take the oath. In 2001, under … Continue reading →

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An avalanche that left three skiers dead in the French ski resort of Les Deux Alpes on Wednesday has served as a tragic reminder of the risks of off-piste skiing and the need to be prepared when disaster strikes. While avalanches may be difficult to predict and can happen quickly, experts have revealed their top tips for skiers to improve their chances of avoiding or surviving one. They include everything from carrying essential gear, including a locator beacon, at all times and ‘swimming’ or rolling while you’re carried down the mountain. What is the avalanche danger rating? The Association of … Continue reading →

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