Non-Relational News Roundup

48
Sun, Apr 13, 2014 - 5:07am

Over a year ago, Argentus Maximus started a thread entitled ‘The setup for the big trade’. Besides wishing I had acted on his observations on PM prices, these passages stuck with me from his first weeks of writing:

“Now an interesting item for discussion right now is what fundamental news is being prepared to make the markets jump next week.

It may sound crazy, but I expect some or all of the following to tick a few boxes : invasion of a country, assassination or death of political leaders, corporate leadership resignation, rise of new parties, natural disaster events, mass public protest on the streets to demand political-social change, fall of a power. You know, the sort of random significant events the average person could never predict, and the markets will have to revalue prices violently when said information comes out ......... off the charts, ... soon to be on the charts!”

“Now if anybody thinks we are getting average daily news items this week, I will not try to differ with them, as this is an admittedly subjective side to what I do, but just allow the rest of this week bring us whatever it will.”

It seems his observations hold just as true now, if not more so. To be honest, I am having trouble keeping all of the global, regional and nation-level geopolitical developments all in frame as a single interconnected whole – there are simply too many simultaneous events. It certainly feels like the time remaining on the clock is rapidly running out for at least one of the players, and the little buttons on top are getting whacked at an ever more furious pace.

Speed Chess Game

So below is a little collection of (un)connected news items from the last few weeks. Along with the ongoing/escalating situation in Ukraine, the soon-to-emerge results of the Indian elections, the recent reelection of a decidedly anti-IMF, cool-towards-EU government in Hungary, the first frenzied, now sidelined MH370 story, there is certainly a lot going on out there. A lot of expensive lead crystal balls in the air at the moment.

March 19, 2014

Kyrgyzstan's leader accepts government's resignation

"The prime minister holds extensive executive powers in Kyrgyzstan, a mountainous country that neighbors China and lies on a drug trafficking route out of Afghanistan."

Funny that Reuters would choose THESE specific national characteristics to highlight the essence of the country. One also wonders who selected the successor cabinet and head of government.

April 2, 2014

Kazakhstan prime minister Akhmetov resigns

“His successor will face a major task of preparing Kazakhstan's integration into the Eurasian Economic Union which will unite Russia, Kazakhstan and Belarus. The union, to be formed by 2015, is widely seen as a regional counterbalance to the European Union.

Kazakhstan is the second-largest post-Soviet oil producer after Russia.” <-- 'Nuff said

Dreams dashed... or simply a ride into the sunset with a saddlebag so large and heavy that requires a robotic steed to carry all that weight?

Bloomberg, April 11, 2014

"The existence of a probe surrounding JPMorgan’s role in the energy market has been known since August, when it was reported by several news organizations, including Bloomberg News, and subsequently disclosed by the New York-based bank. What wasn’t known was prosecutors’ interest in Masters. "

But perhaps Ruprecht will still join her in (a now slightly destabilized) Caracas to wade knee-deep as she considers her career options.

https://www.youtube.com/user/TFMetals/videos

I don't want to get Turd in trouble, but could he have made the ultimate sacrifice on behalf of PM advocates worldwide in a bid to single-handedly free the markets from manipulation?

(h/t to Pining, of course, for this skillful bit of photojournalism)

“She informed “us of her intention to leave the firm, take some well-deserved time off and consider future opportunities,” Chief Executive Officer Jamie Dimon and investment-banking head Daniel Pinto said in a memo on April 2.”

One half of the dynamic duo managing the largest ponzi coupon... err... I mean bond funds has left the building, leaving a visibly irate (to say the least) Mr. Gross.

Bloomberg, April 11, 2014

"In an internal memo to employees in January, El-Erian said he was looking forward to something different and had no plans as of then. He plans to write a book about the rise and fall of central banks, a person familiar with the matter said on March 31. "

In a single-story dwelling, with no hot tubs or nailguns, I hope.

April 8, 2014

Apparently a nasty (?) computer/connectivitybug is going around, and someone seems to want to make sure to raise concerns over the security of financial institutions specifically, and all internet users in general:

Heartbeat Heartbleed Bug Breaks Worldwide Internet Security Again

U.S. Regulators Warn Banks About Heartbleed Bug

NSA Abused Heartbleed Bug For Years, Left Consumers Exposed To Attack (ZH)

Government Denies It Knew About, Abused Heartbleed Bug (ZH)

Kathleen Sibelius is apparently leaving... perhaps to also reflect, and consider future career options. Perhaps write a book on the rise and fall of central planning...

...to be replaced by Sylvia Mathews Burwell, current director of the Office of Management and Budget. Sylvia gave the order to shut down the federal government in a budget dispute with republicans in October. She seems like a charming and competent administrator, I'm sure she'll make everything all better.

Apparently, jail is only for 'little people':

Italian Court Weighs Community Service for Berlusconi

"Mr. Berlusconi, 77, had originally been sentenced to four years in prison, but that was reduced to one year under a law aimed at controlling prison overcrowding. Because of his age, he is unlikely to face any time behind bars. Instead, the court may choose to place him under house arrest or allow him to do community service, as his legal team has requested."

And the rich keep getting richer...

Strauss-Kahn Seeks to Start $2 Billion Hedge Fund

Just because one is framed for something does not necessarily mean they are not guilty...

I am pretty sure this gentleman has learned some valuable lessons on the value of allegiances and the cost of enemies over the last few years. There is also a high likelyhood that his fortune was amassed with the tacit toleration (if not blessing) of the larger, more powerful benefactors who supported Yanukovych's regime.

This guy certainly appears a little less confident than he was just 6 months ago…

The example set by Khodorkovsky and other fallen oligarchs further to the east did not go unnoticed, surely. The idea seems tempting that the jailed Russian tycoon was set free in part to deliver an ultimatum to his expatriate and satellite-country colleagues. The newly freed, significantly less rich (but still breathing) ex-oligarch certainly settled in a central location that many people of many different backgrounds visit:

Mikhail Khodorkovsky granted residency in Switzerland

One would think that with Berezovsky and Litvinenko serving as examples, oligarchs would wise up, and not do things like "lambasting Moscow's interference in Ukraine." Or if they do, one might wonder if it's not at the behest of the stage manager with a passion for hunting and gold bars.

I mean for crying out loud, even Dave is leaving?

Stephen Colbert says he has 'huge shoes to fill' replacing Letterman

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buzlightening
Apr 14, 2014 - 11:02am

What I don't know about the Universe

but have enough of an opened mind, hopefully my brains don't spill out. This article on astrology is intriguing:

All Hell (And Heaven) Breaks Loose In 2014 from Cosmic Convergence . . . spend some time with this! ~J

https://jhaines6.wordpress.com/2014/04/13/all-hell-and-heaven-breaks-loo...

...........................................................................................................................................................

What I do know is options expiration week begins 8 out of 10 times with a misdirection. As today is positive on the US indices you can expect the week to end down or just neutral; churn and burn options into worthlessness the whole week with a slow bleed downward. Sometime you may have a huge downside. This may be one of the huge downside index weeks, although the vix signals little volatility now? https://www.brotherjohnf.com/archives/288428

................................................................................................................................

Blood moon and all other astro signs in the heavens say Easter is coming and the world wants God dead! Hint on month where great chunks of chaos is unleashed. Keep filling your economic life boats while the filling is still in our favor.

Urban Roman
Apr 14, 2014 - 10:18am

Kunstler has a nice rant this week ...

https://kunstler.com/clusterfuck-nation/all-this-and-world-war-too/

"Hence my plea: will parties in the USA (including Obama camp “progressives”) stop cheerleading for a showdown over this hapless doormat of a faraway nation whose destiny is not entwined with the people of Ohio, Nebraska, Rhode Island, or any of the other fifty states? We have enough to do in our own country to adjust to the new realities of the unraveling turbo-industrial global economy — and, by the way, we are not doing a damn thing to address any of it. Our domestic political conversation at all levels is juvenile and idiotic. I’d rather see US troops shut down WalMart, which has been way more destructive to the US economy (and the livelihoods of our people) than the bandits in any central Asian rat-hole. I’d rather see the US spend its dwindling capital restoring our passenger railroads than paying off the debts of strangers half a world away."

Turlock
Apr 14, 2014 - 9:43am

Made in America

Would someone please contact Pat Buchannan and Ross Perot and thank them for telling the truth about manufacturing jobs and the wages and taxes that went with them being vaporized. We gave it away. We have been betrayed.

silver66
Apr 14, 2014 - 8:07am
ivars
Apr 14, 2014 - 6:31am

Another Fibo check on EUR RUB

Another Fibo check on EUR RUB bubble ( due to events in Ukraine) . Now it looks that resolution ( Russia Chinese mega deal) may come as late as July, or rather , latest in July; it can of course happen earlier. Also, by that time all nasty things in Ukraine would be already counted in in rubble value. Basically, Russia has to secure East and South Ukraine ( and west will step back) as soon as July. By South I mean separating West Ukraine from the Black sea totally, connecting East Ukraine-Herson-Crimea-Odessa-Transdnistria. It may be that Russians will Federalize Ukraine into East Ukraine as far as Kiev- left bank of Dnieper.

The nasty thing about this Ukraine stuff is that the USA provoked this action KNOWING it will lose, without the support from EUR, so it was a deliberate step by Obama administration to further damage the USA international image and power projection. How nice for Roths and planned Chinese debt Empire No 2.

Boswell
Apr 14, 2014 - 6:21am
Apr 14, 2014 - 12:43am

IBEW

Since 1978. Still payin the dues, holding onto a retirement plan that will likely be nationalized.

Magpie
Apr 13, 2014 - 8:41pm

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

sierra skier
Apr 13, 2014 - 8:32pm

I was forced into a union once

For a seasonal 5 month job. That would have been back in the late '70s or '80s. In my neck of the woods there is little reason for unions.

Mr. Fix
Apr 13, 2014 - 7:44pm

@ AlienEyes

I've never been in a union, I've never seen much of a need for one.

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Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

Key Economic Events Week of 11/2

11/2 9:45 ET Markit Manu PMI
11/2 10:00 ET ISM Manu PMI
11/2 10:00 ET Construction Spending
11/3 U.S. Election Day
11/4 November FOMC begins
11/4 8:30 ET ADP jobs report
11/4 8:30 ET US Trade Deficit
11/4 9:45 ET Markit Services PMI
11/4 10:00 ET ISM Services PMI
11/5 8:30 ET Productivity & Unit Labor Costs
11/5 2:00 ET FOMC Fedlines
11/5 2:30 ET Chief Goon Powell presser
11/6 8:30 ET BLSBS
11/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/26

10/27 8:30 ET Durable Goods
10/27 10:00 ET Case-Shiller home prices
10/27 10:00 ET Consumer Confidence
10/27 10:00 ET Richmond Fed
10/28 8:30 ET Advance Trade in Goods
10/28 8:30 ET Wholesale Inventories
10/29 8:00 ET ECB monetary policy stmt
10/29 8:30 ET Q3 GDP first guess
10/30 8:30 ET Personal Income and Spending
10/30 8:30 ET Core Inflation
10/30 10:00 ET UMich Consmer Sentiment

Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Key Economic Events Week of 10/12

10/13 8:30 ET CPI and Core CPI
10/14 8:30 ET PPI
10/14 9:00 ET Goon Chlamydia
10/15 8:30 ET Philly Fed
10/15 8:30 ET Empire State Idx
10/15 8:30 ET Import Price Idx
10/16 8:30 ET Retail Sales
10/16 9:15 ET Cap Ute & Ind Prod
10/16 10:00 ET Business Inv

Key Economic Events Week of 10/5

10/5 9:45 ET Markit Svc PMI
10/5 10:00 ET ISM Svc PMI
10/5 10:45 ET Goon Evans
10/6 8:30 ET Trade Deficit
10/6 10:00 ET JOLTS job openings
10/6 10:45 ET Chief Goon Powell
10/7 2:00 ET Sept FOMC minutes
10/7 3:00 ET Goon Williams
10/8 8:30 ET Initial jobless claims
10/9 10:00 ET Wholesale Inventories
10/9 12:10 ET Goon Rosengren

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

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