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Refugee Crisis: Using Chaos To Build Power

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By Tyler Durden

Submitted by Alex Newman via TheNewAmerica.com,

A European Union military force with power to intervene in member states. A new “Marshall Plan” to radically redesign whole regions of the world and impose regional government. A United Nations empowered to manage it all. Christendom under siege. And the end of nationhood as it is understood today. That is where the “refugee crisis” is heading, as the engineered disaster wreaks havoc across Europe and beyond. Despite the appearance of chaos, though, it is all by design, with a series of radical goals in mind.

While the establishment’s demands on Europe to accept millions of Middle Eastern refugees have been couched in “humanitarian” rhetoric, the real agenda is nothing of the sort. Rather than helping out their fellow human beings, globalist forces actually created the refugee crisis and the suffering behind it. And they are using it to advance multiple, related agendas — primarily globalism and statism. That the crisis is being exploited to undermine Western culture, national sovereignty, and even nationhood itself is now beyond dispute. Top globalists are openly bragging about it.

“I will ask the governments to cooperate, to recognize that sovereignty is an illusion — that sovereignty is an absolute illusion that has to be put behind us,” declared former Goldman Sachs chairman Peter Sutherland, an ex-member of the Bilderberg Steering Committee who currently “serves” as the UN special representative of the secretary-general for international migration. “The days of hiding behind borders and fences are long gone. We have to work together and cooperate together to make a better world. And that means taking on some of the old shibboleths, taking on some of the old historic memories and images of our own country and recognizing that we’re part of humankind.”

Billionaire globalist and open-borders zealot George Soros, in denouncing European officials trying to control the human tsunami coming across their borders, similarly declared, “Our plan treats the protection of refugees as the objective and national borders as the obstacle.”

In essence, then, the engineered refugee crisis was created and is being used, at least in part, to advance what globalists often refer to in public as “global governance” and their “new world order.” As part of that, even the idea of nationhood is under fire — everybody is just part of “humankind,” as Sutherland put it. And as such, people must be governed by the “Parliament of Humanity,” as UN Secretary-General Ban Ki-moon referred to the dictators club known as the UN last year.

Already, the UN manages a global refugee program via the UN High Commissioner for Refugees (UNHCR). This agency decides which refugees will be settled where, including those destined to be settled in the United States at U.S. taxpayer expense. Further clues about the agenda can be found in the fact that the UN refugee outfit was until very recently led by António Guterres, the former president of the powerful global socialist-government-promoting Socialist International, as senior editor William Jasper documented in an October 19, …read more

Source: Refugee Crisis: Using Chaos To Build Power

    

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For The Average American, Owning A Home Is Increasingly Unaffordable

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By Tyler Durden

One month ago, in its traditionally cheerful assessment of the US housing market, the NAR’s Larry Yun snuck in an unexpected

That may not sound like much but it means that marginal “bubble” conditions of the type the NAR was warning about, have returned. It means that home buyers need to spend more of their incomes on housing, leaving less money for other purchases.

But where this home inflation is most evident is in the clear disconnect between home prices which are rising faster than wages in most of the United States, making homeownership increasingly difficult for average Americans.

The report found that home price growth exceeded wage growth in nearly two thirds of the nation’s housing markets so far this year, with urban centers like San Francisco and New York City among the least affordable.

This is what the RealtyTrac report found:

Annual change in median home prices in Q1 2016 outpaced annual change in average weekly wages in Q3 2015 (the most recent county-level wage data available from BLS) in 276 of the 456 counties analyzed for the report (61 percent).

The top five most-populated county housing markets where price growth outpaced wage growth were Los Angeles County, California (5 percent median home price growth and 3 percent average wage growth); Maricopa County, Arizona in the Phoenix metro area (8 percent median home price growth and 2 percent average wage growth); San Diego County, California (5 percent median home price growth and 4 percent average wage growth); and Orange County, California (5 percent median home price growth and 2 percent average wage growth).

Other markets where median home price growth outpaced average wage growth included counties in Miami, Brooklyn, Dallas, Seattle and Las Vegas.

“I’m sure it comes as no surprise to anyone in Seattle that it’s getting harder and harder to afford a home,” said Matthew Gardner, chief economist at Windermere Real Estate, covering the Seattle market. “Thanks in part to strong income growth and intense competition, home prices continue to escalate at rates that are negatively impacting affordability. Something else pushing up prices is the Washington State Growth Management Act, which continues to limit developable land and is holding back many builders from adding much-needed inventory to the market.”

More troubling is that at the national level, prevailing home prices have now risen faster than average wages for four consecutive years.

It is this troubling trend – which is leading to declining demand as well as even bubblier, debt-fueled conditions for the rest – that the NAR is worried about.

So is RealtyTrac: “While the vast majority of housing markets are still affordable by their own historic standards, home prices are floating out of reach for average wage earners in a growing number of U.S. housing markets,” said Daren Blomquist, senior vice president at RealtyTrac, which monitors housing market trends.

Well, …read more

Source: For The Average American, Owning A Home Is Increasingly Unaffordable

    

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NBA hints North Carolina could lose 2017 All-Star game over anti-LGBT law

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The NBA suggested Thursday North Carolina could lose the 2017 All-Star game over an anti-LGBT law that was signed this week.

…read more

Source: NBA hints North Carolina could lose 2017 All-Star game over anti-LGBT law

    

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Presenting The Complete Brussels ISIS Cell Org Chart

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By Tyler Durden

Earlier today and on several occasions since Tuesday morning when the Bakraoui brothers blew themselves up at the Brussels airport and city metro, we’ve documented the connection between the Brussels attacks, the brazen assault on Paris in November, and other terror-related events that have unfolded in Belgium over the past 14 months.

Here are some bullet points worth noting:

  • In January 2015, two men are killed in a police raid on a flat in Verviers; the men are later pictured with Paris ringleader Abdelhamid Abaaoud in a cover story for Islamic State magazine Dabiq
  • In September, one “Soufiane Kayal” was seen with Salah Abdeslam at a Hungary-Austria border checkpoint; Kayal would later turn out to be bomb maker Najim Laachraoui whose DNA was found on explosive material in Paris and also in two residences (one in Auvelais that was raided on November 26 and one on Rue Henri Bergé, in the Schaerbeek section of Brussels that was searched in December); he is now thought to have blown himself up on Tuesday at the Brussels airport
  • A November 30 raid on a home in Auvelais where Abaaoud may have met with suicide bombers turns up a 10-minute surveillance tape apparently filmed at the home of a senior Belgian nuclear official; reports later suggested the camera was set up and retrieved by the Bakraoui brothers
  • A March 14 raid on an apartment in Forest rented to one of the Bakraoui brothers leaves one gunman dead, but two other presumed jihadis escape; Paris fugitive Salah Abdeslam’s fingerprints are found in the apartment

And the list goes on. The takeaway seems to be that beginning some years ago, Abdelhamid Abaaoud (who allegedly became Emir of War in Deir ez-Zor after Omar the Chechen was transferred to Iraq) established the Brussels cell and it’s been growing and building its operational capabilities ever since.

For those interested in understanding how it all fits together, we bring you the following org chart

…read more

Source: Presenting The Complete Brussels ISIS Cell Org Chart

    

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Ford CEO to Trump: We’re adding U.S. jobs

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Ford CEO Mark Fields told CNN’s Poppy Harlow that he is committed to adding U.S. jobs, but he also plans to bolster the company’s presence abroad.

…read more

Source: Ford CEO to Trump: We’re adding U.S. jobs

    

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3 Things: 80% Or Bust, Mind The Gap, It’s A Bunny

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By Tyler Durden

SP500-MarketUpdate-032416

Further, the majority of the “Best-10” and “Worst-10” days are contained primarily within those 80% spans.

So, yes, I am absolutely going to be “wrong” at the tops of markets and at the bottoms while I await confirmation of a longer-term “trend” to emerge. For those that are inherently “bullish” who choose “hope” over what prices are “actually” doing, the historical outcomes have been brutal, to say the least.

As I have said before, my methodologies are my own. They are not new ideas. They are not innovative. They are simply the lessons I have been repeatedly taught over the last 30-years of managing money. If the markets reverse the current long-term sell signals, I will happily put a lot more money to work. Until then, I will wait rather than trying to “draw to an inside straight.”

Think about it this way – if betting in the markets was really the way to build wealth, wouldn’t the vast majority of Americans be wealthy versus just the top 1%? Just a thought.

Mind The Gap

I have discussed the problems with earnings and earnings estimates in the past stating:

“In a 2010 study, by the McKinsey Group, they found that analysts have been persistently overly optimistic for 25 years. During the 25-year time frame, Wall Street analysts pegged earnings growth at 10-12% a year. Unfortunately, earnings only grew at 6% which, as we have discussed in the past, is the growth rate of the economy.”

Yardeni-EPS-123115

“The McKenzie study also noted that on average “analysts’ forecasts have been almost 100% too high” which leads investors to make much more aggressive bets on the financial markets. “

My friend Salil Mehta from Statistical Ideas recently published a great piece on this issue.

“The gap between the 2016 forecasts and the YTD returns through January is 13% (8% target minus the -5% YTD). Annual returns have a nearly 20% standard deviation (or 19% if you only look from the end of January onward). So it is still plausible — though rather unlikely, with only a one in five probability — to reach the 8% target gain for 2016. (For statistics wonks, the test statistic decomposes the 13% gap to a ~9% move in addition to the typical 4.5% annualized return, and then factors in a 19% standard deviation.) Now that we are further into the year (mid-March), euphoria and complacency are back to extreme market top levels.

It’s also worth noting that strategists at major firms are consistently bullish, year after year. The sources of the most optimistic prognostications also don’t change. Sorted from most to least bullish, they are Federated Investors, JP Morgan, Prudential, Bank of America, and Columbia.”

SalilChart-1

“In the table below, two pieces of …read more

Source: 3 Things: 80% Or Bust, Mind The Gap, It’s A Bunny

    

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Emory Students "Scared, In Pain" After Safe-Space Violated By Word "Trump" Written In Chalk

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By Tyler Durden

Seriously!!

Had enough… there is more!!

Emory's student newspaper, The Wheel, said Wagner outlined four steps that administrators plan to take in order to address the issues raised by the protesters who said they were in pain in a campus-wide email.

Wagner added that the Freedom of Expression Committee is meeting to address whether the person or people responsible for the chalking were in compliance with Emory’s policy.

He said that they would debate technical issues, such as whether or not the chalkings were done on an appropriate surface.

However, he believes that the broader concern motivating the protests had to do more with the ideas the chalkings stood for than how they were done.

The Wheel also reported that the students this week chanted, 'You are not listening! Come speak to us, we are in pain!' shortly before Wagner agreed to meet with them.

Poor babies. Social media responded…

'The crybaby students forfeited any expectation of an open discussion with their demands that any talk or chalk of Trump should be banished from their fantasyland.'

'I have no idea how you kids will survive once you get out into the real world. People have different opinions than you. You need to grow up, and fast.'

One person also wrote: 'Within a year I am ashamed of both my undergraduate college (Yale) and my graduate university (Emory Law, '77).

'I am a liberal supporter of Clinton and Sanders (the former by a shade) and I want to shout at the thin-skinned crybabies on these campuses who are so obsessed with 'safe spaces' and so dismissive of free speech values: “GROW THE F*** UP !”

As we summed up recently, no matter where you go in life, someone will be there to offend you. Maybe it’s a joke you overheard on vacation, a spat at the office, or a difference of opinion with someone in line at the grocery store. Inevitably, someone will offend you and your values. If you cannot handle that without losing control of your emotions and reverting back to your “safe space” away from the harmful words of others, then you’re best to just stay put at home.

111315-RickMcKee2

Remember, though: if people in the outside world scare you, people on the internet will downright terrify you. It’s probably best to just accept these harsh realities of life and go out into the world prepared to confront them wherever they may be waiting.

…read more

Source: Emory Students "Scared, In Pain" After Safe-Space Violated By Word "Trump" Written In Chalk

    

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U.S. corporate debt ratings near 15-year low

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U.S. corporate debt rating hit a 15-year low, prompting concerns that defaults could spike for low-grade companies.

…read more

Source: U.S. corporate debt ratings near 15-year low

    

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Cool cars from the New York Auto Show

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These are some of the most interesting new cars and concepts at the Big Apple’s car show.

…read more

Source: Cool cars from the New York Auto Show

    

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These Are The 8 Biggest Barriers To Economic Growth

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By Tyler Durden

Submitted by John Mauldin via MauldinEconomics.com,

Last month I ran across a fascinating study by economist John Cochrane. He is a senior fellow at the Hoover Institution, former University of Chicago professor, and adjunct scholar with the Cato Institute.

Cochrane wrote a paper on economic growth last year as part of a project to design presidential debate questions where he took a matter-of-fact approach to the growth problem.

What are the barriers to productivity growth, and what can we do to remove them? Not surprisingly, most barriers are the result of counterproductive government policies. I’ll highlight here a few from Cochrane’s paper.

Barrier #1: Government Interference

The government interferes in just about every segment of the economy. Sometimes it brings benefits like traffic safety and clean air. More often, regulation simply slows growth in order to transfer wealth from one group to another.

It interferes with growth by impeding competition and distorting economic incentives. It distorts the signal that individuals send markets about their preferences and adds a great deal of noise and cost, which distorts economic activity from being its most efficient.

Barrier #2: The Dodd-Frank Financial Regulations

The Dodd-Frank financial regulations had the laudable goal of preventing future bank crises, but in reality, they simply work against other government policies. Washington encourages and subsidizes debt and then tries to prevent the inevitable consequences.

We wouldn’t need Dodd-Frank if the government were not rewarding excessive debt. Excessive, unproductive debt of the type we are generating in the US and Europe actually inhibits growth.

Barrier #3: Obamacare

We’re all frustrated by Obamacare and health insurance generally. What we need is simple, portable, catastrophic health insurance. Instead of promoting it, the government makes it illegal.

Barrier #4: Energy Subsidies

Here again the government works at cross-purposes with itself. It subsidizes energy so that it costs less, then tries to prevent us from using too much of it. Cochrane says the ethanol mandate helps no one but the large corn-producing companies. Ditto for solar subsidies.

Barrier #5: Taxes

Taxes should raise revenue, but instead we use them to redistribute income and encourage/discourage behavior. A simpler tax code would remove massive economic distortions, and it would be far better to tax consumption instead of income.

Barrier #6: Income-Based Social Programs

Cochrane sees no need to be stingy with helping people in genuine need. Welfare programs are far less costly than the many subsidies we give the middle class and large corporations.

The problem is that perverse incentives trap people and make them permanently dependent. He suggests consolidating all the aid programs and making them time-based, like unemployment benefits, rather than income-based.

Barrier #7: Immigration Terms

We can end illegal immigration overnight, says Cochrane, by making it legal. The question is the terms we apply to legal …read more

Source: These Are The 8 Biggest Barriers To Economic Growth

    

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