Much of Europe is currently Down 1.6 - 2.40%.

Friday Nervous Nellies?

Why This Time Is Completely, Utterly, Totally Different... Like The Difference Between A Hurricane And An Ice Age

A destructive storm like a hurricane can do significant short-term damage and leave long-term issues to be resolved. But when it is done and over, life generally returns to "normal." However, what we are facing economically, financially, societally is not a storm but instead more akin to an ice age. The changes taking place and culminating now have been millennium in the making and will be many decades more before some new "norm" is established.

Why is this important?
The long period of population growth, and specifically of the growth of the core 15-64yr/old population among these nations, which has driven economic activity for millennia and certainly since WWII has come to an end. But not only come to an end but is about to start shrinking significantly. The implications of a pie no longer growing but moving to outright shrinkage will change everything.

To explain why this time truly is different (and why new, entirely different thinking & solutions are necessary), I'm going to use oil consumption as a proxy for general global consumption. Oil consumption is broken down among four groups:

1) The wealthy 34 OECD members (membership HERE)
2) China, Russia, Brazil
3) India, Africa
4) Rest of World

Outlined below are the groupings' 2013 population (% of global total) vs. changing oil consumption. The OECD nations with 17% of global population consume 50% of the oil. China, Russia, Brazil combined are 24% of global population and consume 19% of the oil. India and Africa are 33% of the population and consume 8% of the oil. A growing India and Africa simply haven't the income, savings, access to or utilization of credit to allow their growth to offset the loss of the growth among the OECD, China, Russia, & Brazil.

This is simple arithmetic of adding how many are moving into the core on one side minus how many are exiting on the other. The baby boom was a global phenomenon as is the global baby bust. WWII's destruction and its aftermath of cheap energy collectively brought all these nations onto a shared cycle unlike ever before.

Conclusion:
An economic and financial system premised on growth over sustainability may not have been wise. And for all the Fed's intelligence and intellectual firepower, the Federal Reserve seems to be entirely lacking when it comes to wisdom. It certainly pulled forward decades of consumption with huge advancements made that would not have otherwise come to be.

However, the bill was always going to come and it was simply awaiting the trigger mechanism. Decelerating and outright population declines in many locations were that trigger.

I have made every effort to outline the change and unfortunately, that is the easy part. The hard part is the courage and cohesion to outline a course of corrections and adjustments which allow for a war-free transition from this flawed non-market based (centrally planned economy) to a true free market.

If we will not acknowledge and face the flaws of our current system (with its clear minority of winners and majority of losers), allow an orderly wind-down of debts and the flip-side obligations that cannot be paid... then we are almost sure to end in conflicts (internal and/or external) of which the possible outcomes are truly awful. We still have a chance to do the right thing as hard and painful as the adjustments will be... or a chance to do nothing with almost sure terrible consequence.


http://seekingalpha.com/article/3981221-time-completely-utterly-totally-differen...
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There are a number of "more than interesting charts", which I highly recommend you look at, BUT you will have to look at the article, as the chart address is not transferable to here!

Wall Street has been rocked by an $8 billion hedge fund's implosion

Visium Asset Management, a multibillion-dollar hedge fund, has imploded in the biggest scandal to hit the industry in years.

The fund told investors of its plan to close in a letter Friday. It's the most high-profile shutdown since authorities forced Steve Cohen's controversial SAC Capital to close in 2013.

A slew of factors — from a brewing insider-trading scandal to a contentious investment by Visium's founder that rankled investors and staffers alike — led to Visium's demise.

Just days before Visium announced the shut down, one of its top portfolio managers — Sanjay Valvani — was charged with wire and securities fraud.

Two other former Visium portfolio managers, Christopher Plaford and Stefan Lumiere, were accused of purposefully miscalculating the price of securities so that they could charge investors inflated fees and mislead them about the fund's liquidity.

http://finance.yahoo.com/news/wall-street-rocked-8-billion-150229008.html
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The story reminds me "a little" of the ethics of the Banking industry, who  are still charging 20% + on some Credit Cards, But the Politicians still rarely, if ever, mention it!

So, are the "Nellies getting Nervous Again" OR do TPTB KNOW SOMETHING WE DON'T YET KNOW ABOUT THE BREXIT VOTE or is something else happening???

perceptions_now wrote on Jun 24^th, 2016 at 11:20am:


So, THE "ROLLERCOASTER RIDE CONTINUES", for now!

UP - DOWN & all around!

It is just possible that the Rollercoaster may be coming from the BREXIT VOTE & TPTB trying to intervene?!

Voting, moments ago, according to the BBC, in Brexit is -
To Leave - 6,538,329
To Remain - 6,229,129
http://www.bbc.com/news/live/uk-politics-36570120

perceptions_now wrote on Jun 24^th, 2016 at 1:19pm:


What are the ODDS, of a BIG spurt at the end, FOR THE REMAIN VOTE???

perceptions_now wrote on Jun 24^th, 2016 at 1:43pm:


Well, it seems the time has arrived, I could not see the remains recovering from here, so THE BREXIT (LEAVES) IS THE WINNER!

Voting, in BREXIT moments ago, according to the BBC, in Brexit is -
To Leave -  14,189,206
To Remain - 13,280,308

Markets are already reacting, but there is more to follow!