Pokemania: Nintendo Just Became The Most-Traded Stock In Japanese History
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By Tyler Durden
Thanks to the fad-tastic launch of Pokemon GO – more popular than porn – Nintendo stock has exploded over 93% in the last 7 days (the most ever) to 6 years highs. But the Pokemania was really in the trading volume where 476 billion yen changed hands for the highest daily turnover on the Tokyo Stock Exchange this century…
Second-highest turnover for any given day was Tokyo Electric with 446b yen on May 21, 2013, followed by SoftBank with 431b yen on Nov. 29, 2005.
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Seems sustainable, right?
Having second thoughts? Maybe you're right? From Gawker:
“Pokémon Go Is a Government Surveillance Psyop Conspiracy”
Less than a week after Pokémon Go’s launch, our streets are already filled with packs of phone-wielding, Weedle-catching zombies. They’re robbing our teens, filling our churches with sinners, and tricking our children into exercising. But worst of all, Pokémon Go is turning us all into an army of narcs in service of the coming New World Order.
Allow me to explain.
More like Privacy Poli-See Everything
Lots of apps have sketchy privacy policies, that’s nothing new. But the first set of alarms go off as soon as you realize that Pokémon Go’s policy does seem a bit more liberal than most, because not only are you giving Pokémon Go access to your location and camera, you’re also giving it full access to your Google account (assuming you use that to sign in).
We may disclose any information about you (or your authorized child) that is in our possession or control to government or law enforcement officials or private parties.
Source: Pokemania: Nintendo Just Became The Most-Traded Stock In Japanese History
French Government Forced To Admit It "Suppressed News Of Gruesome Torture" At Bataclan Massacre
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By Tyler Durden
Authored by Louise Mensch, originally posted at HeatStreet.com,
A French government committee has heard testimony, suppressed by the French government at the time and not published online until this week, that the killers in the Bataclan appear to have tortured their victims on the second floor of the club.
The chief police witness in Parliament testified that on the night of the attacks, an investigating officer, tears streaming down his face, rushed out of the Bataclan and vomited in front of him just after seeing the disfigured bodies.
The 14-hour testimony about the November attacks took place March 21st.
According to this testimony, Wahhabist killers reportedly gouged out eyes, castrated victims, and shoved their testicles in their mouths. They may also have disemboweled some poor souls. Women were reportedly stabbed in the genitals – and the torture was, victims told police, filmed for Daesh or Islamic State propaganda. For that reason, medics did not release the bodies of torture victims to the families, investigators said.
But prosecutors at the hearing claimed these reports of torture were “a rumor” on the grounds that sharp knives were not found at the scene. They also claimed that maybe shrapnel had caused the injuries.
Q. For the information of the Commission of Inquiry….can you tell us how you learned that there had been acts of barbarism within the Bataclan: beheadings, evisceration, eyes gouged out …?
Investigator: After the assault, we were with colleagues at the passage Saint-Pierre Amelot when I saw weeping from one of our colleagues who came outside to vomit. He told us what he had seen.
Q. Acts of torture happened on the second floor?
Further on the investigator described how this was kept from relatives:
A. Bodies have not been presented to families because there were beheaded people there, the murdered people, people who have been disemboweled . There are women who had their genitals stabbed.
Q. All this would have been videotaped for Daesh !
A. I believe so. Survivors have said so.
Elsewhere, the investigator says, women were sexually tortured, stabbed in the genitals, and their eyes were plucked out. People were decapitated.
The clerk of the inquiry (or “rapporteur”) pressed the chief of committee for clarity on whether victims were decapitated or mutilated. The committee chief replied that the authorities had given out conflicting information that said victims were merely shot or blown up. He then added this damning statement about one victim’s father discovering the gruesome truth in the morgue:
Mr. President Georges Fenech Indeed, the Committee is troubled by this information which has appeared nowhere [in the media]. Thus, the father of one of the victims sent me a copy of a letter he sent to the investigating judge, which I quote in summary: “On the causes of the death of my son A., at the forensic institute in Paris, I was told, and what a shock it was for me at that moment, they had cut off his testicles, had put them in his mouth, and he was disemboweled. When I …read more
Source: French Government Forced To Admit It "Suppressed News Of Gruesome Torture" At Bataclan Massacre
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Friday Humor? Obama’s 11-Point Response To The French Tragedy
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By Tyler Durden
Authored by Yojimbo via The Burning Platform blog,
1. No one needs a commercial truck this large.
2. The Founding Fathers never envisioned large commercial trucks, and did not intend for people to drive them.
3. These “assault trucks” are designed for killing large numbers of people quickly, and that is their only use.
4. We need a “no truck” list immediately, one that does not require due process to get on or off.
5. No where in the Constitution does it mention the freedom to own these killing devices called trucks.
6. Large commercial trucks should only be owned by the police, military, or politicians, NOT normal citizens, who can use horses.
7. We already have licensing, registration, titles, inspection, and multiple taxes on large commercial vehicles, and STILL they are used for mass killing. Enough is enough. We must ban them entirely.
8. We must follow Australia’s example – we must have a massive government buy-back of all trucks currently owned by American citizens, then, they must be destroyed.
9. We must empower the police and military to go door-to-door to forcibly remove these “assault trucks”. Deadly force is reasonable when “disarming” people of these killing devices.
10. If it will save the life of even a single child, we must rid our society of trucks.
11. And lastly, we must continue to resettle enormous numbers of Muslims throughout the United States, primarily in rural, white, Christian areas.
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Ironically, this is exactly what Newt Gingrich expected from The President: “Will Obama Call for New Truck Regulations After Nice Terror?”
Source: Friday Humor? Obama’s 11-Point Response To The French Tragedy
Weekend Reading: If I Was Janet Yellen
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By Tyler Durden
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Janet Yellen, in my opinion, is about to make a critical mistake. She is not going to raise rates in July.
Why is this a mistake? Simple. No matter when you think there will be an economic recession, there will eventually be one. As I have repeatedly stated, the biggest problem for the Federal Reserve has been getting caught at the “zero bound” of interest rates during the onset of a recessionary contraction. Such a combination of events would leave the Fed without a very valuable monetary policy tool.
Come July, Janet Yellen and the FOMC are going to once again “punt” hiking interest rates in favor of waiting for “global instability” due to the “Brexit” to subside. However, as stated this is a mistake for a couple of reasons.
First, with the markets making new all-time highs, there is a “price” cushion available for the markets to absorb a rate hike without breaking important downside support as shown below.
Secondly, with Central Banks globally flooding the markets with liquidity, as discussed yesterday, a further “shock absorber” is currently engaged in softening the impact of a rate hike.
“But, for now, a rash of global Central Banks continue to support asset prices by increasing accommodative policies either through additional reductions in interest rates or direct injections of liquidity. As Matt King from Citi recently noted:
‘It has been a surge in net global central bank asset purchases to their highest level since 2013.’”
Lastly, the economy is likely going to show a bit of “strength” in upcoming reports, with slightly stronger inflationary pressures. This pickup in economic strength will be another inventory restocking cycle following several months of weakness. As has been in the past, it will be transient and that strength will evaporate as quickly as it came.
If I was Janet Yellen, I would hike interest rates by .50 bps immediately in a surprise announcement and use the price and Central Bank liquidity cushions to soften the blow. This would move the Fed towards its goal of reloading its primary policy tool while there is some ability to temporarily control the outcome of the rate hike.
But that is just me. She won’t do it.
Instead, she will pass on hiking rates at the upcoming meeting with promises of rate hikes to come before the end of the year. Unfortunately, for her, this is the “trap.”
The liquidity will dry up, the inventory restocking cycle will end, and the next “crisis” will be on the horizon with Ms. Yellen remaining stuck near the “zero bound.”
The past opportunities to “normalize” interest rate policy have come and gone. This opportunity will likely pass also and, as always, the Fed will realize far too late they are trapped. But by then, it won’t matter much to investors, or what’s left of them, anyway.
For now, here is your reading list for the weekend.
“The stock market is like a wife. When you come home you never know if you will be greeted with …read more
Source: Weekend Reading: If I Was Janet Yellen
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Latina media exec’s secret to success
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Nely Galan’s path to success began when she decided to stand up for herself. Now she’s helping other women do the same thing. …read more
Source: Latina media exec’s secret to success
Housing Bubble 2.0 – Are You Ready For This?
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By Tyler Durden
The mind-numbing Case-Shiller regional charts below are presented without too much comment. As MHanson.com's Mark Hanson adds, the visual says it all.
Bottom line:
Q: If 2006/07 was the peak of the largest housing bubble in history with affordability never better vis a’ vis exotic loans; easy availability of credit; unemployment in the 4%’s; the total workforce at record highs; and growing wages, then what do you call “now” with house prices at or above 2006 levels; worse affordability; tighter credit; higher unemployment; a weakening total workforce; and shrinking wages?
A: Whatever you call it, it’s a greater thing than the Bubble 1.0 peak.
1) Funny (and Demented) Seattle area Realtor anecdote regarding the potential for another housing Bubble: “House prices can’t be in a bubble because they are only 10% greater than the 2006 peak, meaning growth of only 1% per year since 2006. And 1% per year is not the Bubble type gains we saw back in the mid-2000’s”.
DOH! How do you argue with that? You don’t, you just turn the other cheek and pound a drink.
2) Case-Shiller’s most Bubblicious Regions
Bottom line: If these key housing markets hit a wall they will take the rest of the nation with them; bubbles and busts don’t happen in “isolation”.
Not shown in these charts of absolute index levels is the three-straight months of national yy price gain deceleration. Moreover, the CS captures prices up to 7-months old at the tail so conditions are already a lot different than shown here.
3) Notes & Observations on above chart:
• The bubblicious regions above all have one thing in common…STEM. As such, if the tech and biotech sectors hit a wall, which some believe has already begun, so will these housing regions.
• If these key housing markets hit a wall they will take the rest of the nation with them; Bubbles and busts don’t happen in “isolation”.
• House prices have retaken Bubble 1.0 levels on the exact same drivers: easy/cheap/deep credit & liquidity that found its way to real estate. The only difference between both era’s is which cohorts controlled the credit and liquidity. In Bubble 1.0, end-users were in control. In this bubble, “professional”/private investors and foreigners are. But, they both drove demand and prices in the exact same manner. That is, as incremental buyers with easy/cheap/deep credit & liquidity, able to hit whatever the ask price was, and consequently — due to the US comparable sales appraisal process — pushed all house prices to levels far beyond what typical end-user, shelter-buyers can afford. Thus, the persistent, anemic demand.
• Bubble 2.0 has occurred without a corresponding demand surge just like peak Bubble 1.0. As such, it means something other than fundamental, end-user demand and economics is driving prices this time too.
• The end result of Bubble 2.0 will be the same as 1.0; a demand “mix-shift” and price “reset” back towards end-user fundamentals once the speculators finish up, or events force them to the “sidelines”.
• Lower prices will create demand, which …read more
Source: Housing Bubble 2.0 – Are You Ready For This?
Dow 20,000? Don’t laugh. Bulls are alive and well
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The U.S. stock market keeps hitting new highs. Why? Just about every other investment around the world looks awful. So slow and steady growth in America looks a lot more attractive by way of comparison. …read more
Source: Dow 20,000? Don’t laugh. Bulls are alive and well













