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Wednesday, July 13, 2016 12:20:39 AM
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Jim's Mindset
MMgys
$UPERMAN'S (Holiday Bumper) Taking Us In Tonight On the graveyard shift.
Thanks Man!
In The News Today
Posted July 12th, 2016 at 10:29 AM (CST) by Jim Sinclair & filed under In The News.
Jim Sinclair’s Commentary
I have seen this explode before. Why not now under an economy that has by passed both groups, globally.
There is a 1% everywhere. This 1% only sees one color – green.
Jim Sinclair’s Commentary
Spot on Ed.
“In the aftermath of the Brexit vote there is an increasing fear of other dominoes falling within the heart of the EU – the eurozone” — Societe Generale’s Albert Edwards
Albert Edwards: Brexit Is Old News, Time To Worry About Italy
Monday, July 11, 2016
There are symptoms and there is core causation to economic events. There are excuses and their area reasons why financial events unfold the way they do. Societie Generale’s Albert Edwards thinks investors need to keep their eye on the ball. Stop bemoaning Brexit. There are bigger fish to fry and issues to tackle, some of which could dramatically impact the economy and markets going forward, he wrote in a July 8 report titled “Brexit is a symptom, not the cause of our problems, but who’s next Italy?” The report comes just days after he said Brexit was an issue in the rear view mirror and pointed to other issues to focus on.
Take emotion out of the Brexit analysis and see the real economic issues
Edwards looks at the 2008 financial crisis and says it was not Lehman Brothers that was causation. Lehman was a symptom of an economic engine already in decline. Likewise there is Brexit, an issue he notes has been accompanied by some of the most emotional ranting he’s seen – on both sides of the argument, including his own. Brexit will be used as an excuse for all sorts of economic ills, but it is only a symptom, a benchmark for a larger trend.
When he takes off the emotional hat, he says the real issue is the continued dismantling of the European Union that is upon which savvy investors should focus. There is a game of dominoes being played out and Brexit was just the latest move in a trend.
“In the aftermath of the Brexit vote there is an increasing fear of other dominoes falling within the heart of the EU – the eurozone,” Edwards wrote. “Italy is bleeping very loudly on most people’s radars with its banking crisis and impending referendum seen as leaving the country on a knife-edge.”
More…
Military Robotics Makers See a Future for Armed Police Robots
BY PATRICK TUCKER
JULY 11, 2016
As military-grade robotics get cheaper and more capable, someone will arm them and put them on American streets.
Robot-maker Sean Bielat says he’s fine with the Dallas Police Department’s apparently unprecedented use of a police bomb-disposal robot to kill a gunman on Thursday. “A robot was used to keep people out of harm’s way in an extreme situation,” said Bielat, the CEO of Endeavor Robotics, a spinoff of iRobot’s military division. “That’s how robots are intended to be used.”
Joergen Pedersen, the CEO of RE2 robotics and the chairman of the National Defense Industrial Association’s robotics division concurred. “If these robots are used in manners for which they were unintended, we would expect that the officers who are there to keep citizens and themselves safe would use good judgment where the application of lethal force is a last resort,” he said.
On Sunday, speaking to Face the Nation, Dallas Mayor Mike Rawlings blessed the operation. “The chief had two options and he went with this one. I supported him completely because it was the safest way to approach it,” he said.
But some ethicists are worried.
More…
Jim Sinclair’s Commentary
Egon von Greyerz paints a very dire picture of where the world is headed. Not the kind of image you would want for you and your family. If you expect to survive at all you need to prepare. There is no turning around. The course was set many, many years ago and it will not be changed.
DANGER: The World Is Now On The Verge Of The Largest Destruction Of Wealth In History
With the price of gold and silver surging once again, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, warned King World News that we are now on the verge of the largest destruction of wealth the world has ever seen.
(King World News) Egon von Greyerz: “Investors worldwide have never faced risk of the magnitude that the world is now exposed to. But sadly, very few are aware of this unprecedented risk. For the ones who understand risk and take the right decisions, it will “lead to fortune.” Only very few will choose that route. Instead, most investors will continue to live in the hope that current trends will go on forever, but sadly these people will end up “in shallows and in miseries.”…
More…
Jim Sinclair’s Commentary
Regardless of what the financial TV talking heads want to communicate to you, gold is off on assumptions of higher rates due to pristine, truthful, honest economic figures from our beloved leaders’ munchkins. All Hail the BLS!
Headline Month-to-Month Payroll and Unemployment Data Are Rubbish, Heavily Skewed by Inconsistent and Not-Comparable Seasonal Adjustments
–Mr. John Williams
Jim Sinclair’s Commentary
I am sure China only made a small navigation error. After hearing this news they are packing their bags and in a hurry to leave the Island.
Beijing’s South China Sea Claims Rejected by Hague Tribunal
By JANE PERLEZ JULY 12, 2016
BEIJING — An international tribunal in The Hague delivered a sweeping rebuke on Tuesday of China’s behavior in the South China Sea, including its construction of artificial islands, and found that its expansive claim to sovereignty over the waters had no legal basis.
The landmark case, brought by the Philippines, was seen as an important crossroads in China’s rise as a global power and in its rivalry with the United States, and it could force Beijing to reconsider its assertive tactics in the region or risk being labeled an international outlaw. It was the first time the Chinese government had been summoned before the international justice system.
In its most significant finding, the tribunal rejected China’s argument that it enjoys historic rights over most of the South China Sea. That could give the governments of Brunei, Indonesia, Malaysia, Taiwan and Vietnam more leverage in their own maritime disputes with Beijing.
The tribunal also said that China had violated international law by causing “irreparable harm” to the marine environment, endangering Philippine ships and interfering with Philippine fishing and oil exploration.
“It’s an overwhelming victory. We won on every significant point,” said the Philippines’ chief counsel in the case, Paul S. Reichler.
More…
More cracks appear in fragile European Union
By Cory Schouten MoneyWatch July 12, 2016, 5:00 AM
With investors still trying to digest the global economic impact of “Brexit,” fears are growing about another potential fault line in the European Union: Italy’s banks.
Italian lenders are carrying some $400 billion in troubled loans, or about 20 percent of the country’s gross domestic product. That is leading some banking industry executives and economists to call for swift European intervention in Italy to avoid a banking crisis that could spread across the continent, feed into political unrest and depress global markets.
Italy’s weak economy — the country’s public debt stands at about 130 percent of GDP — and sagging productivity, coupled with Europe’s growth-stunting austerity policies, have done no favors for Italian banks. An index of Italian banking stocks has tumbled 30 percent since Brexit, as fearful investors flee the sector. Also hampering profitability are historically low interest rates and a glut of bank branches, analysts say.
Complicating any plans by Italy’s government to rescue individual banks is that European banking regulations limit the country’s ability to recapitalize its banks using taxpayer money. A bailout, though no panacea for the Italian economy, could stabilize the banking system as it works through the remnants of the global financial crisis. But the European Central Bank requires investors to accept severe losses — a so-called “bail-in” amounting to 8 percent of banks’ liabilities — before the government can invest taxpayer money.
More…
http://www.jsmineset.com/
Jim's Mindset
MMgys
Good Morning
$UPERMAN'S (Holiday Bumper) Taking Us In Tonight On the graveyard shift.
Thanks Man!
In The News Today
Posted July 12th, 2016 at 10:29 AM (CST) by Jim Sinclair & filed under In The News.
Jim Sinclair’s Commentary
I have seen this explode before. Why not now under an economy that has by passed both groups, globally.
There is a 1% everywhere. This 1% only sees one color – green.
Jim Sinclair’s Commentary
Spot on Ed.
“In the aftermath of the Brexit vote there is an increasing fear of other dominoes falling within the heart of the EU – the eurozone” — Societe Generale’s Albert Edwards
Albert Edwards: Brexit Is Old News, Time To Worry About Italy
Monday, July 11, 2016
There are symptoms and there is core causation to economic events. There are excuses and their area reasons why financial events unfold the way they do. Societie Generale’s Albert Edwards thinks investors need to keep their eye on the ball. Stop bemoaning Brexit. There are bigger fish to fry and issues to tackle, some of which could dramatically impact the economy and markets going forward, he wrote in a July 8 report titled “Brexit is a symptom, not the cause of our problems, but who’s next Italy?” The report comes just days after he said Brexit was an issue in the rear view mirror and pointed to other issues to focus on.
Take emotion out of the Brexit analysis and see the real economic issues
Edwards looks at the 2008 financial crisis and says it was not Lehman Brothers that was causation. Lehman was a symptom of an economic engine already in decline. Likewise there is Brexit, an issue he notes has been accompanied by some of the most emotional ranting he’s seen – on both sides of the argument, including his own. Brexit will be used as an excuse for all sorts of economic ills, but it is only a symptom, a benchmark for a larger trend.
When he takes off the emotional hat, he says the real issue is the continued dismantling of the European Union that is upon which savvy investors should focus. There is a game of dominoes being played out and Brexit was just the latest move in a trend.
“In the aftermath of the Brexit vote there is an increasing fear of other dominoes falling within the heart of the EU – the eurozone,” Edwards wrote. “Italy is bleeping very loudly on most people’s radars with its banking crisis and impending referendum seen as leaving the country on a knife-edge.”
More…
Military Robotics Makers See a Future for Armed Police Robots
BY PATRICK TUCKER
JULY 11, 2016
As military-grade robotics get cheaper and more capable, someone will arm them and put them on American streets.
Robot-maker Sean Bielat says he’s fine with the Dallas Police Department’s apparently unprecedented use of a police bomb-disposal robot to kill a gunman on Thursday. “A robot was used to keep people out of harm’s way in an extreme situation,” said Bielat, the CEO of Endeavor Robotics, a spinoff of iRobot’s military division. “That’s how robots are intended to be used.”
Joergen Pedersen, the CEO of RE2 robotics and the chairman of the National Defense Industrial Association’s robotics division concurred. “If these robots are used in manners for which they were unintended, we would expect that the officers who are there to keep citizens and themselves safe would use good judgment where the application of lethal force is a last resort,” he said.
On Sunday, speaking to Face the Nation, Dallas Mayor Mike Rawlings blessed the operation. “The chief had two options and he went with this one. I supported him completely because it was the safest way to approach it,” he said.
But some ethicists are worried.
More…
Jim Sinclair’s Commentary
Egon von Greyerz paints a very dire picture of where the world is headed. Not the kind of image you would want for you and your family. If you expect to survive at all you need to prepare. There is no turning around. The course was set many, many years ago and it will not be changed.
DANGER: The World Is Now On The Verge Of The Largest Destruction Of Wealth In History
With the price of gold and silver surging once again, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, warned King World News that we are now on the verge of the largest destruction of wealth the world has ever seen.
(King World News) Egon von Greyerz: “Investors worldwide have never faced risk of the magnitude that the world is now exposed to. But sadly, very few are aware of this unprecedented risk. For the ones who understand risk and take the right decisions, it will “lead to fortune.” Only very few will choose that route. Instead, most investors will continue to live in the hope that current trends will go on forever, but sadly these people will end up “in shallows and in miseries.”…
More…
Jim Sinclair’s Commentary
Regardless of what the financial TV talking heads want to communicate to you, gold is off on assumptions of higher rates due to pristine, truthful, honest economic figures from our beloved leaders’ munchkins. All Hail the BLS!
Headline Month-to-Month Payroll and Unemployment Data Are Rubbish, Heavily Skewed by Inconsistent and Not-Comparable Seasonal Adjustments
–Mr. John Williams
Jim Sinclair’s Commentary
I am sure China only made a small navigation error. After hearing this news they are packing their bags and in a hurry to leave the Island.
Beijing’s South China Sea Claims Rejected by Hague Tribunal
By JANE PERLEZ JULY 12, 2016
BEIJING — An international tribunal in The Hague delivered a sweeping rebuke on Tuesday of China’s behavior in the South China Sea, including its construction of artificial islands, and found that its expansive claim to sovereignty over the waters had no legal basis.
The landmark case, brought by the Philippines, was seen as an important crossroads in China’s rise as a global power and in its rivalry with the United States, and it could force Beijing to reconsider its assertive tactics in the region or risk being labeled an international outlaw. It was the first time the Chinese government had been summoned before the international justice system.
In its most significant finding, the tribunal rejected China’s argument that it enjoys historic rights over most of the South China Sea. That could give the governments of Brunei, Indonesia, Malaysia, Taiwan and Vietnam more leverage in their own maritime disputes with Beijing.
The tribunal also said that China had violated international law by causing “irreparable harm” to the marine environment, endangering Philippine ships and interfering with Philippine fishing and oil exploration.
“It’s an overwhelming victory. We won on every significant point,” said the Philippines’ chief counsel in the case, Paul S. Reichler.
More…
More cracks appear in fragile European Union
By Cory Schouten MoneyWatch July 12, 2016, 5:00 AM
With investors still trying to digest the global economic impact of “Brexit,” fears are growing about another potential fault line in the European Union: Italy’s banks.
Italian lenders are carrying some $400 billion in troubled loans, or about 20 percent of the country’s gross domestic product. That is leading some banking industry executives and economists to call for swift European intervention in Italy to avoid a banking crisis that could spread across the continent, feed into political unrest and depress global markets.
Italy’s weak economy — the country’s public debt stands at about 130 percent of GDP — and sagging productivity, coupled with Europe’s growth-stunting austerity policies, have done no favors for Italian banks. An index of Italian banking stocks has tumbled 30 percent since Brexit, as fearful investors flee the sector. Also hampering profitability are historically low interest rates and a glut of bank branches, analysts say.
Complicating any plans by Italy’s government to rescue individual banks is that European banking regulations limit the country’s ability to recapitalize its banks using taxpayer money. A bailout, though no panacea for the Italian economy, could stabilize the banking system as it works through the remnants of the global financial crisis. But the European Central Bank requires investors to accept severe losses — a so-called “bail-in” amounting to 8 percent of banks’ liabilities — before the government can invest taxpayer money.
More…
http://www.jsmineset.com/
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