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    A global media aggregator of social, political, economic and market insight.
 

“Whatever it takes” isn’t going to be enough for the EU to survive deflation

Back in April, the European Central Bank President, Mario Draghi, famously said the ECB would do “whatever it takes” to tackle the forces of deflation in the European Union. So far, those    Continue reading »

U.S. hedge funds force Argentina to default on its sovereign debt — again

At 12:01 am last night, July 31, Argentina officially went into default on its country’s debt obligations making this the second time in thirteen years the country has been unable to make    Continue reading »

Which banking system is more at risk from ‘Too Big To Fail’? China or the United States?

The definition of Too Big To Fail is significantly different when comparing U.S. banks versus Chinese banks. So which country’s banking system is the most at risk?    Continue reading »

Knock, Knock. It’s Deflation. Deflation Who?
latest video report from Elliott Wave International

Evidence of creeping deflation continues to mount. Elliott Wave International’s Financial Forecast analysis of the latest revisions to government GDP data indicates that deflationary forces are alive and well in the U.S.    Continue reading »

SEC adopts another legal way to steal your money

The Securities and Exchange Commission voted 3-2 today to implement “gates” on money market accounts in times of financial stress. That is, “money market fund managers will have the option to suspend redemptions    Continue reading »

Retail Money Market Funds Signal Reversal for the Stock Market
latest (video) report from Elliott Wave International

By Elliott Wave International “Cash is Trash”, right? That has been the mantra of nearly every investor and investment firm since the mid-1990s. But as Steve Hochberg of Elliott Wave International explains,    Continue reading »

Anatomy of a bubble – How the Federal Reserve and the U.S. Congress have created a debt crisis of historic proportion

To understand where the stock market is going we first need to understand from where it has come. Let’s start by comparing the currently in vogue macro economic philosophy, Keynesianism, to a    Continue reading »

Inflation vs. Deflation – Part 1
Which one is controlling the fate of America and will it cause the next Great Depression?

By Sannleikur Komist Question: “Most people who believe that we will slip into a depression seem to think it will be caused by inflation brought on by the collapsing of the dollar. Why    Continue reading »

Dow Jones Industrial Average
Baseline Elliott Wave Count from 1964 to 2014

With every great inflation comes an inevitable deflationary correction, economic yin and yang. Elliott Wave Theory is telling us that the point of deflationary reversal has arrived or will very soon. In    Continue reading »

The Creature from Jekyll Island
The End of the Federal Reserve System – Part 1

By Sannleikur Komist Editor I’m going to tell you a story – a story of corruption, deceit, greed and political intrigue. As it turns out, a true story, one stranger than fiction    Continue reading »

 

“Whatever it takes” isn’t going to be enough for the EU to survive deflation

Draghi whatever it takes

Dateline: Luxembourg, 7/31/2014
Media Outlet: Bloomberg
Article Headline: Euro Inflation Slowed to 0.4% in July, Lowest Since 2009
Map View:

Back in April, the European Central Bank President, Mario Draghi, famously said the ECB would do “whatever it takes” to tackle the forces of deflation in the European Union. So far, those efforts don’t seem to be working.

U.S. hedge funds force Argentina to default on its sovereign debt — again

Argentina vs. Paul E. Singer

Dateline: Argentina, 7/30/2014
Media Outlet: New York Times
Article Headline: Argentina Finds Relentless Foe in Paul Singer’s Hedge Fund
Map View:

At 12:01 am last night, July 31, Argentina officially went into default on its country’s debt obligations making this the second time in thirteen years the country has been unable to make payments on its sovereign bonds.

Which banking system is more at risk from ‘Too Big To Fail’? China or the United States?

Too big to fail

Dateline: China, 7/29/2014
Media Outlet: Bloomberg News
Article Headline: Are Chinese banks to big to fail?
Map View:

The definition of Too Big To Fail is significantly different when comparing U.S. banks versus Chinese banks. So which country’s banking system is the most at risk?

Knock, Knock. It’s Deflation. Deflation Who?
latest video report from Elliott Wave International

Deflation knocking

Evidence of creeping deflation continues to mount. Elliott Wave International’s Financial Forecast analysis of the latest revisions to government GDP data indicates that deflationary forces are alive and well in the U.S. economy.

By Elliott Wave International

S&P 500 Index
Elliott Wave update for week ending 7/25/2014

S&P 500 Index Click here to see wave degree labeling key (popups required)


By Sannleikur Komist

The S&P 500 made a new high this week, forcing us to switch to one of the alternate counts. Whether that new high will turn out to be the peak of a reversal is still in question.

Dow Jones Industrial Average
Elliott Wave update for week ending 7/25/2014

Dow Jones Industrial Average

Click here to see wave degree labeling key (popups required)
By Sannleikur Komist

The Dow is still on track, as we’ve been following it  The high of 17151.50 on July 17 remains intact. For this count to be correct, the Dow will need to continue its downward trek this coming week.

Walking the fine line between truth and treason gets harder for whistle blowers

Speak no evil

Dateline: Washington, DC, 7/23/2014
Media Outlet: Washington Post
Article Headline: Intelligence security initiatives have chilling effect on federal whistleblowers, critics say
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Nowhere is former Congressman Ron Paul’s warning, that the truth can become treason in a government determined to shroud itself in secrecy, more evident than in the current administration’s Executive Order 13587, dubbed the Insider Threat Program

SEC adopts another legal way to steal your money

SEC Thief

Dateline: Washington, DC, 7/23/2014
Media Outlet: Reuters
Article Headline: SEC adopts long-awaited reforms for money market funds
Map View:

The Securities and Exchange Commission voted 3-2 today to implement “gates” on money market accounts in times of financial stress. That is, “money market fund managers will have the option to suspend redemptions to allow for the orderly liquidation of fund assets“. Think your money is safe in a money market? Think again.

S&P 500 Index
Elliott Wave update for week ending 7/18/2014

S&P 500 Index Click here to see wave degree labeling key (popups required)


By Sannleikur Komist

The S&P 500 Index may have peaked on July 3, slightly ahead of the Dow. Like the Dow, the wave structure remains muddled but the aging rally is very close to turning down. The coming week should add clarity to the picture.

Dow Jones Industrial Average
Elliott Wave update for week ending 7/18/2014

Dow Jones Industrial Average

Click here to see wave degree labeling key (popups required)
By Sannleikur Komist

There are still multiple interpretations, but the Dow Jones Industrial Average may have peaked this week.  If so, the above count requires that it begin a strong decline on Monday.