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EUR Surges, Bund Yields Tumble As Draghi Sends Conflicting Messages

By   /  September 7, 2017  /  Zerohedge  /  No Comments

After a kneejerk move lower in the Euro, tumbling briefly as low as 1.1930 when Mario Draghi made an explicit reference to the strength of the Euro in his prepared remarks, stating that “the recent volatility in the exchange rate represents a source of uncertainty which requires monitoring with regard to its possible implications for […]

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Two Nuclear Power Plants In Florida Are Directly In The Path Of Hurricane Irma

By   /  September 7, 2017  /  Zerohedge  /  No Comments

Authored by Michael Snyder via The American Dream blog, Hurricane Irma is more powerful than all of the other major Atlantic storms this year combined, and it has an eye as large as the entire Detroit metro area. It is being reported that “upwards of 90%” of Barbuda has already been destroyed by the storm, […]

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Is the High Cost Of Housing Crushing Wages?

By   /  September 7, 2017  /  Zerohedge  /  No Comments

Authored by Charles Hugh Smith via OfTwoMinds blog, The authors' thesis doesn't explain the 47-year downtrend of labor's share of the economy. A provocative essay, Don't Blame the Robots, makes the bold claim that "Housing Prices and Market Power Explain Wage Stagnation." (Foreign Affairs) In other words, the stagnation of the bottom 95% of wages […]

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What Wage Growth? Unit Labor Costs Decline Despite So-Called Tight Labor Market

By   /  September 7, 2017  /  Zerohedge  /  No Comments

Despite all the hope for higher incomes spewing from within the various soft-surveys of individuals and businesses across America, Q2 saw unit labor costs decline 0.2% year-over-year – the second YoY drop in the last 3 quarters. Despite all the great news about lowe eunemployment rates and solid payrolls prints, aggregate unit labor costs for […]

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Jobless Claims Spike Most Since 2005 Amid Harvey Hangover

By   /  September 7, 2017  /  Zerohedge  /  No Comments

Initial jobless claims spiked 62k last week – thanks to a 51k surge in Texas – as the impact of Hurricane Harvey ripples (transitorily) through economic data. This 26% spike in claims is the largest since 2005 (and biggest absolute rise since 2012). The 298k print is the highest since April 2015. The results are […]

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Watch Live: Mario Draghi Explains How Great Europe;s Doing ( Why You Should Sell The Euro)

By   /  September 7, 2017  /  Zerohedge  /  No Comments

The last few weeks have seen anescalation in the leaks and comments aimed at jawboning the Euro lower, despite crowing about the success of The ECB's program to save the EU and its inability to decide whether 'enough is enough' for 'whatever it takes' policy. A day after Europe's largest commercial bank tells him to […]

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King Of Saudi Arabia To Visit Russia In October

By   /  September 7, 2017  /  Zerohedge  /  No Comments

Authored by Peter Korzun via The Strategic Culture Foundation, Despite differences over Syria and the Iranian nuclear deal, current Russia-Saudi Arabia relations are arguably at an apex, both in terms of shared interests and mutual understanding. It has just been announced that King of Saudi Arabia Salman Bin Abdulaziz Al Saud will visit Russia in late October. Kremlin […]

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What Country Is This? Forced Blood Draws, Cavity Searches, And Colonoscopies

By   /  September 7, 2017  /  Zerohedge  /  No Comments

Authored by John Whitehead via The Rutherford Institute, “The Fourth Amendment was designed to stand between us and arbitrary governmental authority. For all practical purposes, that shield has been shattered, leaving our liberty and personal integrity subject to the whim of every cop on the beat, trooper on the highway and jail official.” – Herman […]

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Britain;s Top Priest Slams Rich-Poor Divide In Britain;s Broken Economy

By   /  September 7, 2017  /  Zerohedge  /  No Comments

While the world has grown used to The Pope sticking his papal nose in the world's business ("horrrific" borders, "grave risks" of libertarians, and the virtues of socialism); Britain's most senior clergyman, the Archbishop of Canterbury, has now decided that it is not enough to preach His word, but better to use his position of […]

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Did Benjamin Netanyahu Just Panic?

By   /  September 7, 2017  /  Zerohedge  /  No Comments

Authored by Alistair Crooke via ConsortiumNews.com, Is Israeli Prime Minister Netanyahu pushing the panic button over the collapse of the Saudi-Israeli jihadist proxies in Syria and now threatening to launch a major air war… A very senior Israeli intelligence delegation, a week ago, visited Washington. Then, Israeli Prime Minister Benjamin Netanyahu broke into President Putin’s summer […]

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