Boeing chases airlines for stretch 737
Boeing is chasing airlines around the globe to launch a new 737 in a bid to win back waning market share for the largest single-aisle airliners. …read more
Source: Boeing chases airlines for stretch 737
Archive for the ‘Uncategorized’ Category
Dollar, Futures Slump; Gold Spikes Over $1,200 After Trump Disappoints Markets
By Tyler Durden
Risk assets declined across the globe, with European, Asian shares and S&P 500 futures all falling, while the dollar slumped against most currencies after a news conference by President-elect Donald Trump disappointed investors with limited details of his economic-stimulus plans, and the Trumpflation/reflation trade was said to be unwinding.
“The risk was always that a president like Trump would end up upsetting that consensus (of faster U.S. growth, stronger dollar) view by introducing more political uncertainty,” said asset manager GAM’s head of multi-asset portfolios Larry Hatheway.
The biggest mover, and perhaps the key driver of risk since the election, was the dollar which tumbled as much as 0.8%, falling below its 50DMA for the first time since the election, and back to where it was during the December 14 Fed rate hike announcement, while Treasuries gained alongside commodities, as Donald Trump’s press conference sent a wake-up call to the market about exalted expectations for fiscal stimulus in the U.S.
“Overall, investors are wary ahead of Trump’s inauguration – a case of buy the talk (Trumpflation), but sell the news,” analysts at Societe Generale said in a note.
However while negative for the US, that Trump did not mention possible tariffs against Chinese exports, was a relief for Asian share markets that have feared the outbreak of a global trade war.
The lack of detail about a potential stimulus also put safety plays such as bonds and gold back in favor, cooling bets that have built in recent months on significantly higher global inflation and series of U.S. interest rate hikes. It was enough to send the dollar tumbling back below 114 yen for the first time in five weeks and brought some welcome relief to Brexit-bruised sterling and Turkey’s lira, which has been badly beaten up this year. The USD/JPY broke below the prior session low of 114.25 to reach its weakest level in a month as broad assets position adjustments after recent rally continues to lower the pair’s range, said Satoshi Okagawa, senior global market analyst at Sumitomo Mitsui Banking Corp. in Singapore. Eventually the pair slid as low as 113.77 shortly after the European open before rebounding to just above 114.
The euro was back at $1.0650 for the first time in a month, shaky sterling climbed above $1.22 and Sweden’s crown hit a four-month high and cracked its 200-day moving average against the euro after pacy inflation data. It was also bliss for bond markets that have been in reverse since Trump’s election fuel led bets on higher U.S. interest rates that tend to set the bar for global borrowing costs.
Gold spiked on the weak dollar, rising above $1,200 since November 23, and at the 38.2% Fibonacci of the Trump-Led slide.
With all eyes on the dollar, the U.S. currency slumped against most major and the 10-year Treasury yield touched the lowest since November as Trump’s first press conference since his election victory gave no details on policy.
European stocks headed for their lowest close since the end of 2016 …read more
Source: Dollar, Futures Slump; Gold Spikes Over $1,200 After Trump Disappoints Markets
Identity Of "Former Intelligence Officer" Who Prepared The Trump Dossier, Has Been Revealed
By Tyler Durden
While we learned earlier that John McCain was responsible for handing over the 35-page “dossier” of compromising, if arguably fake, revelations about Trump’s connections to Russia over to the FBI, the identity of the actual creator, who was said to be an ex-British intelligence service, remained a mystery.
No longer.
Courtesy of the WSJ, we now know his name: the former MI-6 officer, now working for a private security-and-investigations firm “who produced the dossier of unverified allegations about President-elect Donald Trump’s activities and connections in Russia” is Christopher Steele, a director of London-based Orbis Business Intelligence…. and before readers google him, beware, there is a male gay porn star with the same name, who may or may not be into “golden showers.”
The real Chris Steele is profiled below, courtesy of LinkedIn.
Steele, 52 years old, is one of two directors of Orbis, along with Christopher Burrows, 58.
Burrows, reached at his home outside London on Wednesday, said he wouldn’t “confirm or deny” that Orbis had produced the report. A neighbor of Mr. Steele’s said Mr. Steele said he would be away for a few days. In previous weeks Mr. Steele has declined repeated requests for interviews through an intermediary, who said the subject was “too hot.”
According to Steele’s LinkedIn profile, at least before he scrubbed it, he was a counselor in the Foreign and Commonwealth Office, with foreign postings in Brussels and New Delhi in the 2000s. The Foreign Office declined to comment to the WSJ. Furthermore, the LinkedIn profile for Mr. Steele doesn’t give specifics about his career, however notes that intelligence officers often use diplomatic postings as cover for their espionage activities. That, or they are dumb enough to actually reveal where they are stationed.
Some more details courtesy of the WSJ:
Orbis Business Intelligence was formed in 2009 by former British intelligence professionals, it says on its website. U.K. corporate records say Orbis is owned by another company that in turn is jointly owned by Messrs. Steele and Burrows. It occupies offices in an ornate building overlooking Grosvenor Gardens in London’s high-end Belgravia neighborhood.
The firm relies on a “global network” of experts and business leaders, provides clients with strategic advice, mounts “intelligence-gathering operations” and conducts “complex, often cross-border investigations,” its website says.
The dossier consists of a series of unsigned memos that appear to have been written between June and December 2016. Beyond creating the document, Mr. Steele also came up with a plan to get the information to law-enforcement officials in the U.S. and Europe, including the F.B.I., according to a person familiar with the matter.
The WSJ adds that “the author of the report had a good reputation in the intelligence world and was stationed in Russia for years, said John Sipher, who retired in 2014 after 28 years in the CIA’s clandestine service, where he specialized in Russia and counterintelligence.”
Private-intelligence firms like Orbis have a growing presence. Major corporations use them to conduct due diligence …read more
Source: Identity Of "Former Intelligence Officer" Who Prepared The Trump Dossier, Has Been Revealed
China is freaking out bitcoin traders
China has put an end to bitcoin’s euphoric start to the year. The digital currency has plunged more than 30% since last week. …read more
Source: China is freaking out bitcoin traders
Hoover’s Folly
By Tyler Durden
Submitted by 720Global's Michael Lebowitz via RealInvestmentAdvice.com,
In 1930, Herbert Hoover signed the Smoot-Hawley Tariff Act into law. As the world entered the early phases of the Great Depression, the measure was intended to protect American jobs and farmers. Ignoring warnings from global trade partners, the new law placed tariffs on goods imported into the U.S. which resulted in retaliatory tariffs on U.S. goods exported to other countries. By 1934, U.S. imports and exports were reduced by more than 50% and many Great Depression scholars have blamed the tariffs for playing a substantial role in amplifying the scope and duration of the Great Depression. The United States paid a steep price for trying to protect its workforce through short-sighted political expedience.
On January 3, 2017 Ford Motor Company backed away from plans to build a $1.6 billion assembly plant in Mexico and instead opted to add 700 jobs at a Michigan plant. This abrupt reversal followed sharp criticism from Donald Trump. Ford joins Carrier in reneging on plans to move production to Mexico and will possibly be followed by other large corporations rumored to be reconsidering outsourcing. Although retaining manufacturing and jobs in the U.S. is a favorable development, it seems unlikely that these companies are changing their plans over concerns for American workers or due to stern remarks from President-elect Trump.
What does seem likely? Big changes in trade policy occurring within the first 100 days of Trump’s presidency. The change in plans by Ford and Carrier serve as clues to what may lie ahead and imply a cost-benefit analysis. In order to gain better insight into what the trade policy of the new administration may hold, consideration of cabinet members nominated to key positions of influence is in order.
Trump’s Trade Appointments
As we close in on Trump’s inauguration, his cabinet and team of advisors is taking shape. With regard to global trade, there are three cabinet nominations that most capture our attention:
- Peter Navarro is a business professor from the University of California-Irvine. Mr. Navarro has been very outspoken about China and the need to renegotiate existing trade deals in order to put America on a level playing field with global manufacturers. The author of the book, “Death by China”, will lead the newly created White House National Trade Council.
- Wilbur Ross is a billionaire investor who made his fortune by resurrecting struggling companies. In the words of Donald Trump, Mr. Ross is a “champion of American manufacturing and knows how to turn them around”. The long time trade protectionist will now serve as Commerce Secretary.
- Robert Lighthizer is currently a lawyer with a focus on trade litigation and lobbying on behalf of large U.S. corporations. Earlier in his career, he served as deputy U.S. Trade Representative under President Ronald Reagan. Mr. Lighthizer has been very outspoken about unfair trade practices that harm America. In his new role he will serve as Trump’s U.S. Trade Representative.
Donald Trump said that Mr. Lighthizer will work “in close coordination” with Wilbur Ross and Peter …read more
Source: Hoover’s Folly
Warren wants law to force Trump to sell business
Senator Elizabeth Warren insists that President-elect Donald Trump is not doing enough to avoid a conflict-of-interest scandal. …read more
Source: Warren wants law to force Trump to sell business
What Does The Future Hold For ‘Average Joes’? (Spoiler Alert: Feudalism)
By Tyler Durden
It is difficult to say exactly how, or when, the next collapse will be triggered, but, as SHTFPlan.com's Mac Slavo notes, of course all the conditions are ripe for it.
What can be certain is that the technocrats intent on controlling the future are already engineering the post-collapse society. Many of the Davos elite have been pushing “universal basic income” for all countries across the globe, and are leading people not only into a digital grid where cash is banned, but also into a society where private property and ownership are outlawed.
They are designing a future in which you must borrow or rent everything you need from corporations or the government, if you are allowed to have them at all.
You Realize The Universal Basic Income Is Feudalism, Right?
What does the future hold for average people?
Feudalism.
And they’ll welcome it with open arms, convinced that they are embracing a smart, fair system that eliminates poverty. The greed, entitlement, and lack of ambition that seems inherent in many people today will have them slipping on the yoke of servitude willingly.
Here’s what I mean.
Have you ever been around people who say things like,
“I can’t afford it, but I deserve it…”
“Having [fill in the blank with a material object] is a basic right…”
“Losing that right is okay with me because it’s for the greater good.”
But the thing is, what we “deserve” is the right to pursue our dreams freely.
- We deserve what we earn.
- We deserve to be secure in our life, liberty, and property.
- We deserve the freedom to go about our lives and decisions as long as we aren’t harming the life, liberty, and property of others.
No one owes us anything other than that.
But quite a few people are ready to give up their freedom so that someone else can take care of them.
A lot of people disagree with that list of rights.
They feel like they deserve a living just for drawing breath. As Gawker’s headline reads, “A Universal Basic Income Is the Utopia We Deserve.”
The idea of a universal basic income for all citizens has been catching on all over the world. Is it too crazy to believe in? We spoke to the author of a new book on the ins, outs, and utopian dreams of making basic income a reality.The basic income movement got a significant boost this week when the charity GiveDirectly announced that it will be pursuing a ten-year, $30 million pilot project giving a select group of Kenyan villagers a basic income and studying its effects. As an anti-poverty solution, universal basic income appeals to impoverished people in Africa, relatively well-off Scandinavians, and Americans automated out of their jobs alike.
Sure, money for nothing sounds great on the surface.
But what would the real result of a Universal Basic Income be?
Feudalism. Serfdom. Enslavement.
UBI would fast track us back to the feudalism of the Middle Ages. Sure, we’d be living in slick, modern micro-efficiencies instead of shacks. We’d have some kind of modern …read more
Source: What Does The Future Hold For ‘Average Joes’? (Spoiler Alert: Feudalism)
How Globalists Predict Your Behavior
By Tyler Durden
Submitted by Brandon Smith via Alt-Market.com,
The globalists seem to have an overarching obsession with data collection. As we have seen with revelations from multiple government whistle-blowers, the establishment spends most of its time, energy and manpower collecting information not just on known threats to their supremacy, but information on EVERYONE through FISA-based surveillance protocols. This is because the establishment sees every individual as a potential threat.
Thus, the system, without warrant, is programmed to collate data from everywhere, not necessarily to be analyzed on the spot, but to be analyzed later in the event that a specific person rises to a level that poses legitimate harm to the globalist power structure.
There was a time not long ago when this notion was considered “conspiracy theory” by the mainstream, but with multiple exposures from Wikileaks to Edward Snowden it is now common knowledge that the government (and the globalists) spy on us en masse. However, I do not think that many people understand the greater implications or uses for this full spectrum surveillance. This is why you sometimes hear the argument that “if you aren’t doing anything wrong, then you have nothing to worry about…”
The truth is, mass surveillance is not done merely for the sake of surveillance, and it is certainly not undertaken for the sake of public safety. There is a greater purpose, and it is something the elites crave dearly — the purpose of total and PREDICTIVE information awareness.
The establishment is not just hoping to observe our present behavior in detail. No, they hope to use today’s data to predict our behavior tomorrow, and at this very moment, they are extremely close to achieving their goal.
Lets examine some of the methods they use in the pursuit of this goal…
Internet Macro-Analytics
Web analytics are used by almost everyone with a website of their own, and Google is a primary source for this data. Through analytics you can easily measure web traffic for a particular site, but also where in the world the traffic is coming from, how long these people are staying on your site, how many of them are new visitors versus regular visitors, how your traffic has increased or decreased over a span of months or years, etc, etc. That said analytics are not just useful to someone with a web-based business or a blog, they are very useful to the establishment. Why? Because they allow the establishment to view the behavior of most of a population at any given time.
In fact, Eric Schmidt, the former CEO of Google, is notorious for opening his big mouth and letting slip some of the finer intricacies of the establishment’s information war. In 2010 in a videotaped interview with The Atlantic, Schmidt said this:
“With your permission, you give us more information about you, about your friends, and we can improve the quality of our searches. We don’t need you to type at all. We know where you are. We know where you’ve been. We can more or less know what …read more
Source: How Globalists Predict Your Behavior
100% Pure Garcinia Cambogia Extract – Appetite Suppressant – Carb Blocker Capsules – 2100 MG – 90 Caps
Looking for something special ? Find The Lowest Price HERE
Chuck Todd Excoriates Buzzfeed’s Editor in Chief: ‘YOU PUBLISHED FAKE NEWS’
By The_Real_Fly
Democrat shill, Chuck Todd, cannibalized the liberal media tonight by ripping into the Editor in Chief of Buzzfeed, Ben Smith, for publishing a 35 page dossier of laughable content, such as germaphobe Trump having Russian hookers urinate on him, or an irate Donald yelling at Ivanka to respond to her mother, whilst devouring a plate of chicken tenders, saying that if she didn’t her Mother would perish in a horrible accident.
Over the past day, all of the actors involved in leaking the ‘dossier’ to the public have been discredited and humiliated — from John McCain to the CIA and of course to the Buzzfeed reporter, Rick “I’m a spy” Wilson — who published the trite piece of offal — hoping it would derail Trump’s presidency and give solace to the cadre of his fellow Never Trumpsters, who’ve been waiting for the opportunity to discredit and rid themselves of his orangeness.
Unfortunately, for him and his ilk, there are consequences to publishing lies about the President elect of the United States, especially when done in a manner that garnered world wide exposure, galvanizing all of the snowflakes to unite and form into a maniacal Snow Demon set out to devour and crush President elect Donald J. Trump.
Once again, The Donald has proved to be resilient, admonishing his enemies , taking a flame thrower to them — effectively reducing them to a small, sad, pond of liberal misery to be pissed upon whenever he’s in the mood for golden showers.
Todd eats Smith.
Content originally generated at iBankCoin.com
Source: Chuck Todd Excoriates Buzzfeed’s Editor in Chief: ‘YOU PUBLISHED FAKE NEWS’
Why Are Wal-Mart And Boeing Laying Off Workers If The U.S. Economy Is In Good Shape?
The stock market has been on quite a roll in recent weeks, but signs of trouble continue to plague the real economy. Earlier this week, I talked about the “retail apocalypse” that is sweeping America. Major retail chains such as Sears and Macy’s are closing stores and laying off workers, but I didn’t think that Wal-Mart would be feeling the pain as well. Unfortunately, that is precisely what is happening. USA Today is reporting that approximately 1,000 jobs will be cut at Wal-Mart’s corporate headquarters in Bentonville, Arkansas by the end of this month…
Walmart’s plan to lay off of hundreds of employees is the latest ripple in a wave of job cuts and store closures that are roiling the retail industry.
The world’s largest retailer is cutting roughly 1,000 jobs at its corporate headquarters in Bentonville, Ark., later this month, according to a person familiar with the matter who was not authorized to speak about it.
The company is saying that these cuts are necessary because Wal-Mart is always “looking for ways to operate more efficiently and effectively“. But something doesn’t smell right here. You don’t get rid of 1,000 employees at your corporate headquarters if everything is just fine.
I have driven past Wal-Mart’s headquarters in Bentonville a number of times, and it is in a beautiful part of the country. Bentonville and the surrounding areas had been booming, but it looks like times may be changing.
Meanwhile, there are signs of trouble out on the west coast as well. The Los Angeles Times is reporting that there is going to be a new round of engineering job cuts at Boeing…
Boeing Co. has internally announced a new round of employee buyouts for engineers companywide, including in Southern California, and warned that layoff notices will follow later this month to engineers in Washington state, where the company has a large presence.
Management did not cite a target for the number of projected job cuts.
The news comes after company Vice Chairman Ray Conner and the new chief executive of Boeing Commercial Airplanes, or BCA, Kevin McAllister, warned in December of the need to aim for further cuts in 2017.
And according to Boeing spokesperson Doug Alder, similar job cut announcements are coming for other classes of workers as well.
So why is Boeing getting rid of so many employees?
Well, the truth is that Boeing’s business is way down. The following comes from Wolf Richter…
Business has been tough. In 2016, deliveries fell by 14 jets from a year ago, to 748. Net orders dropped 13% from an already rotten level in 2015, to just 668, down 53% from 2014. And the lowest level since 2010!
When the economy is doing well, air traffic tends to rise, and when the economy is doing poorly it tends to go down.
Needless to say, the fact that Boeing is doing so poorly does not bode well for the future.
In addition to Wal-Mart, another major retailer that is letting people go is Petco…
Petco is cutting 180 positions with about 50 …read more
Source: Why Are Wal-Mart And Boeing Laying Off Workers If The U.S. Economy Is In Good Shape?
100% Pure Garcinia Cambogia Extract – Appetite Suppressant – Carb Blocker Capsules – 2100 MG – 90 Caps
Looking for something special ? Find The Lowest Price HERE
