Business

Boston Fed's Eric Rosengren spewed forth more attempts to define the narrative as an improving one in which The Fed hikes rates to "save the world." Unfortunately, almost every word he uttered is pure propaganda and utterly false based on his "guess" - which has been so spot on for years.

First he utters...

• *ROSENGREN: LIKELIHOOD OF FED RATE HIKES HIGHER THAN MKT PRICING

Seems The Fed knows so much better than the 'market'...

Then he proclaimed...

2015 was the year of M&A: some $5 trillion in global merger and acqusition deals were announced, the highest level ever, topping even pre-crash 2007. In fact, last year there were more mega-deals, those valued at $20 billion or above, than ever. In all, there were 17 deals at or above that value compared with 35 such deals in the five years from 2010 through 2014. Such was the cheap debt-fuelled boom in large deals that the average size of all M&A valued at $500 million or above was $3.3 billion, up from $2.2 billion in 2014.

Kill TTIP Now

Paul Craig Roberts

In his May 9, 2016, speech to European medical professionals, Michael Hudson points out that the result of TTIP for Europe will be the privatization of health care systems with the associated much higher costs.

Hudson’s accurate description of TTIP shows that politically powerful corporations have gained the power in Western “democracies” to sacrifice the welfare of all populations to corporate greed for profit regardless of the cost to peoples, countries, and societies.

Submitted by Thad Beversdorf via First Rebuttal.com,

If one steps back and simply looks at the accuracy of the world’s prominent PhD economists and market pros’ predictions over the past 7 years one can’t help but shake one’s head. And I believe investors have become wise to their ignorance.  We’ve seen a record 15 consecutive weeks of net selling of equities despite these expert pundits continuing on in their attempt to deceive investors into believing we are just one or two quarters away from that (now) proverbial recovery.

Well that de-escalated quickly...

It appears once humans read the IEA report that "price gains wil be limited" due to storage concerns, the driver of the overnight equity strength disappeared...