Friday, May 17, 2013

Europe Plans the Confiscation of Depositor Assets / By Martin Armstrong / May 15, 2013
There really is no other word for politicians but brain-dead. They cannot understand that what they are doing is the destruction of the economy. They created the bank instability by failing to create a national debt for reserves. Then the banks have to keep sovereign debt as reserves of all members and then they default.

Please share this article

Bill Gross: “We See Bubbles Everywhere”

from Zero Hedge:
It is only logical that when one of the smarter people in finance warns that he “sees bubbles everywhere” that he should be roundly ignored by those who have no choice but to dance. Because Bernanke and company are still playing the music with the volume on Max, and if not for POMO there is always FOMO. However, if there is any doubt why this “rally is the most hated ever”, here are some insights from the Bond King from an interview with Bloomberg TV earlier today: “We see bubbles everywhere, and that is not to be dramatic and not to suggest they will pop immediately. I just suggested in the bond market with a bubble in treasuries and bubble in narrow credit spreads and high-yield prices, that perhaps there is a significant distortion there. Having said that, it suggests that as long as the FED and Bank of Japan and other Central Banks keep writing checks and do not withdraw, then the bubble can be supported as in blowing bubbles. They are blowing bubbles. When that stops there will be repercussions. It doesn’t mean something like 2008 but the potential end of the bull markets everywhere. Not just in the bond market but in the stock market as well and a developing one in the house market as well.”
Read More @

Please share this article

Canada's Economy Is Entering A World Of Hurt [CHARTS]

Economists have been debating whether Canada's housing market was in a bubble and when that bubble would burst.
In a new report, British Columbia-based Pacifica Partners Capital Management asserts that question is missing some much scarier stuff going on up north.
Yes, housing is now in decline after largely avoiding the 2008 shock, they say. But everything else has also been going haywire: unemployment, credit, stocks, etc. 
That is all the more remarkable, they argue, because Canada emerged from the 2008 crisis appearing a paragon of stability in the world. (more)

Please share this article

Jones Lang LaSalle Inc (NYSE: JLL)

Jones Lang LaSalle Inc., a financial and professional services firm, provides integrated real estate and investment management services to owner, occupier, investor, developer clients worldwide. Its real estate services comprise agency leasing, investment management, tenant representation, real estate investment banking/merchant banking, property management, corporate finance, facilities management/outsourcing, hotel/hospitality advisory, project and development management/construction, energy and sustainability services, valuations, value recovery and receivership services, consulting, logistics and supply chain management, and capital markets. The company offers these services to real estate owners, occupiers, investors, and developers for various property types, including offices, multi-family residential and military housing, hotels, critical environments and data centers, industrial properties, sports facilities, retail properties, cultural facilities, healthcare and laboratory facilities, transportation centers, government facilities, and educational facilities. It also provides a range of real estate investment products and services in the public and private capital markets, as well as indirect public investments primarily in publicly traded real estate investment trusts and other real estate equities.
To review Jones' stock, please take a look at the 1-year chart of JLL (Jones Lang LaSalle, Inc.) below with my added notations:
1-year chart of JLL (Jones Lang LaSalle, Inc.) While trading sideways over the last (3) months, JLL has formed a solid resistance at $100 (red). That resistance would also provide a 52-week high breakout if the stock could manage to break above it. In addition, the stock has been climbing a trendline of support (blue) since last August. At some point, the stock will eventually have to break one of those two levels.
The Tale of the Tape: JLL has an up trending support and a 52-week resistance level to watch. A long trade could be made on a breakout above the $100 resistance or on a pullback to the support, which currently sits near $93. A break below the up trending support could be an opportunity to enter a short trade.
Please share this article

Peter Grandich: Every Sign of a Bottom, Inclucing Pain and Anguish, is Here.

Please share this article

Incredibly Important Developments In Many Key Markets

from KingWorldNews:
Norcini has been stunningly accurate in his predictions of the movement in the gold and silver markets. Now the acclaimed trader discusses these incredibly important developments in key markets: “You cannot create the kind of money the world is printing and not have any repercussions, no impact, no consequences whatsoever. It simply defies everything we have ever learned about economics.
The mindset in the West is that there is no inflation regardless of what the central banks are doing with the money creation. Today lumber futures made a 7 month low. That collapse in price is startling considering the US is supposed to be on the mend with regards to housing.
But as a result of slumping commodity prices such as lumber, demand for paper gold has been falling….
John Embry continues @
Please share this article