In one of the most comical expressions of failed Keynesian logic, two months ago, Deutsche Bank boosted its German GDP forecasts as a result of the "surge in immigration" - because no crisis can be wasted, the record influx of Syrian (and ISIS?) refugees...
... was to be immediately spun as being for the greater good. This is what DB predicted would happen:
Crude is at the lows of the day. Credit markets are at the lows of the day. Treasury yields are near the lows of the day. So it makes perfect sense that as Europe closed, "someone" would take the monkey-hammer to VIX ETFs (in particular UVXY - the Ultra-VIX ETF) and that rips stocks higher. What is most odd is that VIX (the underlying index) is not falling (as the ETFs appear driven more by futures out-months shifts and position-squaring).
Stocks rip as UVXY dips...
Moments before today's 2 Year auction we made a simple prediction:
2Y trading super special: should price well through WI
— zerohedge (@zerohedge) December 28, 2015
Everything Is Disintegrating — Interview With PCR
http://thedailycoin.org/?p=55858
The post Everything Is Disintegrating — Interview With PCR appeared first on PaulCraigRoberts.org.
DNA Analysis of the famous Paracas Skulls from Peru has proven that they are not human. The skulls were found by Peruvian archaeologist Julio Tello in the barren landscape of the desert peninsula of Paracas, on Peru’s southern coast. Researchers believe that the skulls are significantly different from any known to man and could only be the result of interbreeding between alien species and humans. There have always been suggestions that alien species influenced the ancient civilizations, such as those in south America or the Pharaohs of Egypt.