JEWISH KING JESUS IS COMING AT THE RAPTURE FOR US IN THE CLOUDS-DON'T MISS IT FOR THE WORLD.THE BIBLE TAKEN LITERALLY- WHEN THE PLAIN SENSE MAKES GOOD SENSE-SEEK NO OTHER SENSE-LEST YOU END UP IN NONSENSE.GET SAVED NOW- CALL ON JESUS TODAY.THE ONLY SAVIOR OF THE WHOLE EARTH - NO OTHER.
1 COR 15:23-JESUS THE FIRST FRUITS-CHRISTIANS RAPTURED TO JESUS-FIRST FRUITS OF THE SPIRIT-23 But every man in his own order: Christ the firstfruits; afterward they that are Christ’s at his coming.ROMANS 8:23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.(THE PRE-TRIB RAPTURE)
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
UPDATE-AUGUST 27,2015-12:00AM
DOW MARKET THURSDAY-AUG 27,2015
09:30AM-196.95
10:00AM-157.50
10:30AM-209.07
11:00AM-289.32
11:30AM-267.67
12:00PM-282.84
12:30PM-323.89
01:00PM-366.27
01:30PM-365.01
02:00PM-359.49
02:30PM-240.71
03:00PM-111.43
03:30PM-213.45
04:00PM-369.26+ 16,654.77
LOW +111 HIGH +382
TSX +356.12 13,737.71-GOLD $1,122.90 -1.70-OIL $42.40 +3.80
US stocks end sharply higher after Chinese market surges-US stocks jump after Chinese market surges, US economy grew faster than previously estimated-Associated Press By Alex Veiga, AP Business Writer-AUG 27,15-YAHOONEWS
U.S. stocks are closing sharply higher after China's main stock index logged its biggest gain in eight weeks. A report also showed that the U.S. economy expanded at a much faster pace than previously estimated.The Dow Jones industrial average climbed 369.26 points, or 2. 3 percent, to 16,654.77 on Thursday. That took the two-day gain for the index to almost 1,000 points.The Standard & Poor's 500 index gained 47.15 points, or 2.4 percent, to 1,987.66. The Nasdaq composite gained 115.17 points, or 2.5 percent, to 4,812.71.Energy stocks surged as the price of oil jumped 10 percent.Bond prices were little changed from Wednesday, keeping the yield on the benchmark 10-year Treasury note at 2.18 percent.
Oil Surges Most in Six Years on Faster U.S. Economic Growth-Mark Shenk-Updated on August 27, 2015 — 3:29 PM EDT-BLOOMBERG
Oil jumped the most in more than six years, caught up in a relief rally that swept the globe as the U.S. economy grew more than predicted.West Texas Intermediate futures rose 10 percent, the biggest gain since March 2009. U.S. gross domestic product grew at a 3.7 percent annualized rate in the second quarter, exceeding all estimates of economists surveyed by Bloomberg. The Standard & Poor’s 500 Index headed for its biggest two-day gain since 2009 as Chinese shares snapped a five-day losing streak.Prices extended gains after Royal Dutch Shell Plc issued a force majeure on Bonny Light exports from Nigeria as it worked to repair two crude pipelines shut because of thefts and a leak.Oil had slumped below $40 this week as concern over slowing demand in China fueled volatility in global markets. Prices are down about 31 percent from this year’s closing peak in June on speculation that a world supply glut will be prolonged. OPEC members are sustaining output while U.S. stockpiles remain more than 90 million barrels above the five-year seasonal average."We’re getting whiplash moves," Matt Sallee, who helps manage $17.7 billion in oil-related assets at Tortoise Capital Advisors in Leawood, Kansas, said by phone. "The shorts are skittish and whenever there’s any positive data they cover very quickly."-WTI, Brent-West Texas Intermediate for October delivery climbed $3.96 to settle at $42.56 a barrel on the New York Mercantile Exchange. The contract touched $37.75 on Monday, the lowest level since February 2009. Prices have decreased 20 percent this year.Brent for October settlement advanced $4.42, or 10 percent, to end the session at $47.56 a barrel on the London-based ICE Futures Europe exchange. It was the biggest gain since December 2008. The European benchmark crude closed at a $5 premium to WTI.Crude’s gain triggered increases in shares of oil and gas producers. Chevron Corp., the second-largest U.S. energy company, surged 4.8 percent to $76.59 at 2:52 p.m.Last quarter’s GDP growth exceeded the 2.3 percent gain the Commerce Department reported last month. The report comes as Federal Reserve policy makers debate whether growth is strong enough to withstand the first increase in the benchmark interest rate since 2006.-Bottomed Out-"We were due for a rebound after the huge selloff," Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts, said by phone. "Some good economic news ands we were ready to rally. The market may have bottomed out."Saudi Arabia led the Organization of Petroleum Exporting Countries in its decision to maintain its crude output target unchanged at 30 million barrels a day in June to preserve market share amid rising production from the U.S. to Russia.U.S. crude stockpiles fell 5.45 million barrels to 450.8 million last week, the Energy Information Administration reported Wednesday. Stockpiles at Cushing, Oklahoma, the nation’s biggest oil-storage hub and the delivery point for WTI futures, expanded for a second week to 57.7 million barrels.The Bloomberg Commodity Index of 22 raw materials surged 3 percent, the most since June 2012. The index sank to the lowest since 1999 on Monday."The market has fallen very quickly," Michael Hiley, head of over-the-counter energy trading at New York-based LPS Partners Inc., a futures brokerage, said by phone. "You run out of sellers, and the market goes back up. Fundamentals just don’t change that fast in commodities."
Money Pours Out of Emerging Markets at Rate Unseen Since Lehman-Elena Popina-August 27, 2015 — 3:20 PM EDT-BLOOMBERG
This week, investors relived a nightmare.As markets from China to South Africa tumbled, they pulled $2.7 billion out of developing economies on Aug. 24. That matches a Sept. 17, 2008 exodus during the week Lehman Brothers went under. The collapse of the U.S. investment bank was a seminal moment in the timeline of the global financial crisis.The retreat from risky assets, triggered by concern over a slowdown in China and higher interest rates in the U.S., has taken money outflows from emerging markets to an estimated $4.5 billion in August, compared with inflows of $6.7 billion in July, data compiled by Institute of International Finance show.It's lower stock prices that people are most worried about.Equity outflows from developing nations increased to $8.7 billion this month, the highest level since the taper tantrum of 2013 when the prospect of higher rates in the U.S., making riskier assets less attractive, first shook emerging markets.Debt inflows softened this month while remaining positive at $4.2 billion, the IIF says."Emerging market investors have been spooked by rising uncertainty about China, and stress has been exacerbated by a combination of fundamental concerns about EM economic prospects and volatility in global financial markets," Charles Collyns, chief economist at the IIF, said in an e-mailed comment.
Question for U.S. Stock Bulls Is When Valuations Start to Matter-Anna-Louise Jackson Joseph Ciolli-August 27, 2015 — 12:00 AM EDT-BLOOMBERG
Four months ago, Janet Yellen pronounced U.S. equity-market valuations “quite high.” Now Citigroup Inc. and Stifel Nicolaus & Co. say they could have the power to stanch the bleeding in American equities.They were “screamingly attractive” to Tobias Levkovich, Citigroup’s chief U.S. equity strategist, when he spoke on Bloomberg Radio just before the Standard & Poor’s 500 Index staged its biggest rally in four years. Chad Morganlander, a money manager at Stifel Nicolaus in Florham Park, New Jersey, said that they had fallen almost enough for investors to feel safe buying.Prior to Wednesday’s rebound, the selloff that wiped out $2 trillion in market value brought the price-earnings ratio on the Standard & Poor’s 500 Index down 11 percent to 16.5. Whether that had anything to do with the rally may depend on how you view history. As recently as May, Federal Reserve Chair Yellen said shares were the opposite of cheap.“There are dozens of ways to torture the numbers to make any number of cases regarding valuations,” Morganlander, whose firm oversees about $170 billion, said by phone. “Eventually the reality that valuations have come off so much will come into play.”At the center of one of the biggest bull cases on U.S. equities is an assessment incorporating bonds that is sometimes referred to as the Fed Model. The theory is that cash flows from fixed-income investments can be compared with profits generated by companies to arrive at a relative value for each.Using that, American stocks have been inexpensive relative to Treasuries for the duration of the bull market -- and remain so now. The S&P 500’s earnings yield, calculated as its overall earnings divided by price, is about 5.8 percent. That’s 3.65 percentage points more than the 10-year note pays out, compared with an average difference of 0.32 point in 53 years of data compiled by Bloomberg.Yellen noted the bonds comparison when she spoke at a forum on finance in Washington on May 6.“I would highlight that equity-market valuations at this point generally are quite high,” Yellen said in response to a question. “Now, they’re not so high when you compare the returns on equities to the returns on safe assets like bonds, which are also very low. But there are potential dangers there.”High or not, valuations have seldom put a brake on the bull market before 2015. The S&P 500 rose almost 30 percent in 2013, a year in which its price-earnings ratio got as high as 17.9, more than a point above the average over the last 10 years. It climbed another 11 percent in 2014 when the ratio averaged 17.7.At Tuesday’s close, the market multiple of 16.5 was the lowest since February 2014.Based on Levkovich’s models at the start of Wednesday, the markets were “sitting at one-to-two standard deviations below the weekly average going back to 1971,” he said, implying a “96 percent probability of markets being higher a year from now.” He cautioned that fundamentals need to support a price recovery, particularly in industries such as raw materials and energy, which are at multi-year low valuations.-‘Near Value’-The entire S&P 500 has a lot more to decline should the market play out according to past bottoms. When the index hit a 12-year low in March 2009, it was trading at 11 times annual profit. In October 2011, at a 13-month low, the S&P 500’s price-earnings ratio was 12.3.“We’re not in the camp that valuations are screaming buy at these levels,” said Tom Manning, chief investment officer from Boston Private Wealth, which oversees about $9 billion in assets. “Valuations are likely to go higher but that is not to say they are exceedingly cheap, or cheap for that matter. They’re somewhere near value.”An obsession with historical comparisons seems misguided to Laszlo Birinyi, the investor whose bullish calls have repeatedly come true since 2009. Sentiment is as likely to drive prices as anything else, the 72-year-old former Salomon Brothers Inc. analyst wrote in an Aug. 5 note to clients.He cited the cyclically adjusted price-earnings ratio championed by Robert Shiller, which compares index levels to 10 years of earnings instead of just one. Going by its signals since 1926, Birinyi wrote, the S&P 500 should have returned less than 1 percent a year in the decade after the dot-com bust. It returned almost five times as much.“Our bottom line is that many market metrics and indicators are based on acyclical environment which no longer exists,” he wrote.One lesson from history does hold for when the market eventually rebounds.“Those that get nervous here and move to the sidelines are going to lose twice, on the way down and then because they weren’t able to participate in the bounce,” Jonathan Golub, chief strategist at RBC Capital Markets LLC, said in an interview on Bloomberg Television. “Those things that you probably liked before you should like now at cheaper prices.”Markets Standard & Poor's Earnings Janet L Yellen S&P 500 Citigroup Inc Bonds Bull Market Chad Money Manager
US stocks gain in midday trading after Chinese market surges-Associated Press By ALEX VEIGA-aug 27,15-yahoonews
U.S. stocks are rising in midday trading after China's main stock index logged its biggest gain in eight weeks. A report also showed that the U.S. economy expanded at a much faster pace than previously estimated.The Dow Jones industrial average climbed 298 points, or 1.8 percent, as of 12:06 p.m. Eastern time on Thursday.The Standard & Poor's 500 index gained 39 points, or 2 percent, to 1,980. The Nasdaq composite gained 99 points, or 2.1 percent, to 4,796.Freeport-McMoRan jumped after the copper producer said it is cutting spending, production and jobs as it deals with declining copper prices.Bond prices were little changed from Wednesday, keeping the yield on the benchmark 10-year Treasury note at 2.18 percent.
Greek judge appointed caretaker PM up to elections-Reuters By Renee Maltezou and Deepa Babington-aug 27,15-yahoonews
ATHENS (Reuters) - Greece's top Supreme Court judge was named caretaker prime minister on Thursday to lead the country to elections next month, ending a week of political deadlock after leftist leader Alexis Tsipras resigned.Vassiliki Thanou, an anti-austerity advocate who has argued against wage cuts for judges and court officials, will be sworn in as the country's first female prime minister at 8 p.m. local (1700 GMT). Her administration will take office on Friday, when Sept. 20 is expected to be set as the election date.Her appointment ends a week of fruitless negotiations as top opposition party leaders took turns in attempting to form a government, exercising a constitutional right that takes effect if a prime minister resigns within a year of being elected.The process dragged on for a week as the main conservative opposition and then the far-left Popular Unity party both used their allotted three days in full despite having no chance of success, hoping to delay the election.The conservatives said all must be done to avoid a new round of elections that Greece did not need.Popular Unity leader Panagiotis Lafazanis - who broke his rebel far-left faction away from Tsipras's Syriza party last week, taking a sixth of its lawmakers with him - used his three days to air his anti-bailout message before handing back the mandate on Thursday.Tsipras remains hugely popular in Greece despite making a U-turn to accept a bailout program, and opposition parties feel a longer campaign period offers a better chance of denting his popularity as austerity cuts from the bailout start kicking in.-NO COOPERATION-No major polls have been published in recent weeks but Syriza is expected to once again emerge as the biggest party in parliament when the snap election is held. But Tsipras is not expected to secure an absolute majority, forcing him to find a coalition partner, failing which a second round of elections could be held.In an interview with Alpha TV on Wednesday, Tsipras stood by previous comments that his party would not cooperate with New Democracy and the Socialist PASOK, which took turns ruling Greece for decades before Syriza swept to power this year.He also ruled out a tie-up with the new centrist To Potami party that espouses a strong pro-euro message, effectively leaving his current coalition partner - the right-wing Independent Greeks - as the only potential ally."Our differences are very significant," Tsipras said. "I believe all these three parties express the old party system. Certainly, I will not be the prime minister."The comments prompted criticism from opposition figures on Thursday, who accused Tsipras of blackmailing voters with the dilemma of choosing either him or facing a political deadlock."Yesterday Mr. Tsipras made a huge provocation, saying to citizens whatever you vote I will not cooperate," Stavros Theodorakis, leader of To Potami, told Mega TV."...In other words what? Elections again in October, if the Independent Greeks do not make it to parliament?"(Writing by Deepa Babington; editing by John Stonestreet)
China Intervened Today to Shore Up Stocks Ahead of Military Parade-Bloomberg News-Updated on August 27, 2015 — 7:31 AM EDT
China’s government resumed its intervention in the stock market on Thursday and has been cutting holdings of U.S. Treasuries this month to support the yuan, according to people familiar with the matter.Authorities want to stabilize equities before a Sept. 3 military parade celebrating the 70th anniversary of the World War II victory over Japan, said two of the people, who asked not to be identified because the move wasn’t publicly announced. Treasury sales allow policy makers to raise dollars needed to bolster the yuan after a shock devaluation two weeks ago, according to different people familiar with the matter.China revived its equity purchases after the government’s absence from the market earlier this week contributed to the biggest two-day selloff since 1996. Under a new exchange-rate regime announced Aug. 11, the central bank relies on intervention to manage the yuan instead of its daily fixing. China’s surprise policy shifts have jolted markets worldwide as investors struggle to gauge their impact on the world’s second-largest economy.“The Chinese are not being very consistent in their communication to the markets,” said Andrew Sullivan, head of sales trading at Haitong International Securities Group Ltd. in Hong Kong. Investors are “frustrated by the flip flop.”-IMF Endorsement-China’s November 2013 pledge to let markets play a decisive role in the economy is being put to the test after a record-long boom in the Shanghai Composite Index turned into a bust.The country’s interventionist response to the equity tumble last month spurred foreign investors to withdraw funds at a record pace and prompted the International Monetary Fund to urge Chinese officials to eventually unwind the measures. China is seeking an IMF endorsement of the yuan as a reserve currency, a goal that some analysts have said is being used by reformist policy makers to reduce the state’s role in markets.The Shanghai Composite swung from a loss of 0.7 percent to a 5.3 percent gain in the last hour of trading on Thursday, ending a rout that erased more than $5 trillion of value since mid-June. The government bought large-company stocks, according to one of the people.China had halted its stock-market intervention in the first two days of this week as policy makers debated the merits of an unprecedented rescue package, according to people familiar with the situation. The China Securities Regulatory Commission didn’t immediately respond to a faxed request for comment.-Chaotic Market-“The stock market is getting chaotic and difficult to invest in amid speculation about whether the government is intervening,” said Wu Kan, a Shanghai-based fund manager at JK Life Insurance. A gauge of 50-day volatility on the Shanghai Composite surged to its highest level since 1997 this week.The intervention to prop up shares is part of a broader effort to ensure nothing detracts from the parade, an event the government will use to demonstrate its rising military and political might. The ruling Communist Party has also closed thousands of factories to curb pollution and ordered some vehicles off the road.The parade has been planned for months and will provide President Xi Jinping his first opportunity to publicly present himself to the world as China’s commander in chief. Such events, usually held on major anniversaries of the country’s founding, serve as a key ritual in establishing the Communist Party chief’s supreme authority over the country.-State Media-What happens in China’s stock market has had a growing influence on public perceptions of the leadership’s economic management since millions of Chinese traders opened stock accounts over the past year. Encouraged by a series of articles in state-run media that endorsed equity investment, more than 90 million individual investors now have stock accounts, a constituency that’s bigger than the Communist Party.The Shanghai Composite has tumbled 40 percent from its mid-June peak as margin traders closed out bullish bets and concern deepened that valuations are unjustified by the weak economic outlook. China’s financial markets will be shut on Sept. 3 and 4 for national holidays marking the end of the war.China’s channels for cutting Treasury holdings include direct sales, as well as through agents in Belgium and Switzerland, said one of the people, who asked not to be identified as the information isn’t public. China has communicated with U.S. authorities about the sales, said another person. They didn’t reveal the size of the disposals.-Reserve Assets-Sales of dollar assets have contributed to a $315 billion drop in China’s foreign-exchange reserves over the last 12 months. The $3.65 trillion stockpile will fall by some $40 billion a month in the remainder of 2015 because of the intervention, according to the median estimate in a Bloomberg survey.The latest available Treasury data and estimates by strategists suggest that China controls $1.48 trillion of U.S. government debt, according to data compiled by Bloomberg. That includes about $200 billion held through Belgium, which Nomura Holdings Inc. says is home to Chinese custodial accounts.The PBOC has sold at least $106 billion of reserve assets in the last two weeks, including Treasuries, according to an estimate from Societe Generale SA.The yuan rose 0.08 percent to 6.4053 per dollar on Thursday in Shanghai, trimming this month’s decline to 3.1 percent. Daily fluctuations have averaged less than 0.1 percent in the past two weeks as the PBOC intervened to bring stability following the Aug. 11 devaluation.Two-year Treasuries erased an earlier advance, with their yield little changed at 0.68 percent as of 7:10 a.m. in New York. It fell as much as two basis points. The 10-year yield declined one basis points to 2.16 percent, near its average for the past month.China selling Treasuries is “not a surprise, but possibly something which people haven’t fully priced in,” said Owen Callan, a Dublin-based fixed-income strategist at Cantor Fitzgerald LP. “It would change the outlook on Treasuries quite a bit if you started to price in a fairly large liquidation of their reserves over the next six months or so as they manage the yuan to whatever level they have in mind.”
Oil Industry Needs Half a Trillion Dollars to Endure Price Slump-Luca Casiraghi Rakteem Katakey-Updated on August 27, 2015 — 8:27 AM EDT-bloomberg
At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt. Some might not make it.The number of oil and gas company bonds with yields of 10 percent or more, a sign of distress, tripled in the past year, leaving 168 firms in North America, Europe and Asia holding this debt, data compiled by Bloomberg show. The ratio of net debt to earnings is the highest in two decades.If oil stays at about $40 a barrel, the shakeout could be profound, according to Kimberley Wood, a partner for oil mergers and acquisitions at Norton Rose Fulbright LLP in London. West Texas Intermediate crude was up 3.8 percent to $40.06 a barrel at 8:13 a.m. in New York.“The look and shape of the oil industry would likely change over the next five to 10 years as companies emerge from this,” Wood said. “If oil prices stay at these levels, the number of bankruptcies and distress deals will undoubtedly increase.”Debt repayments will increase for the rest of the decade, with $72 billion maturing this year, about $85 billion in 2016 and $129 billion in 2017, according to BMI Research. About $550 billion in bonds and loans are due for repayment over the next five years.U.S. drillers account for 20 percent of the debt due in 2015, Chinese companies rank second with 12 percent and U.K. producers represent 9 percent.In the U.S., the number of bonds yielding greater than 10 percent has increased more than fourfold to 80 over the past year, according to data compiled by Bloomberg. Twenty-six European oil companies have bonds in that category, including Gulf Keystone Petroleum Ltd. and EnQuest Plc.Pressure Builds-Gulf Keystone can “satisfy all its obligations to both its contractors and creditors” after authorities in Kurdistan, where the company operates, committed to making monthly payments for crude exports from September, Chief Financial Officer Sami Zouari said in an e-mail.An EnQuest spokesman declined to comment.Slumping crude prices are diminishing the value of oil reserves and reducing borrowing power, even as pressure builds to find replacement fields.Some earnings metrics are already breaching the lows of the 2008 financial crisis. The profit margin for the 108-member MSCI World Energy Sector Index, which includes Exxon Mobil Corp. and Chevron Corp., is the lowest since at least 1995, the earliest for when data is available.“There are several credits which simply won’t be able to refinance and extend maturities and they may need to raise additional equity,” said Eirik Rohmesmo, a credit analyst at Clarksons Platou Securities AS in Oslo. “The question is: Would they be able to do that with debt at these levels?”-Credit Ratings-Some U.S. producers gained breathing space by leveraging their low-cost assets to raise funds earlier this year and repay debt, Goldman Sachs Group Inc. wrote in a Aug. 6 report. This helped companies shore up their capital and reduce debt-servicing costs.That may no longer be an option because energy companies have been the worst performers in the past year among 10 industry groups in the MSCI World Index.Credit-rating downgrades are putting additional strain on the ability of oil companies to raise money cheaply. Standard & Poor’s cut the rating of Eni SpA, Italy’s biggest oil company, in April while Moody’s Investors Service downgraded Tullow Oil Plc’s debt in March.Spokesmen for Eni and Tullow declined to comment.The biggest companies, with global portfolios that span oil fields to refineries, will probably emerge largely intact from the slump, Norton Rose’s Wood said. Smaller players, dependent on fewer assets, could have problems, she said.“Clearly, those companies with debt to pay will have one eye firmly on oil prices,” said Christopher Haines, a senior oil and gas analyst at BMI in London. “With revenues collapsing and debt soon to mature, a growing number of companies may find themselves unable to meet repayment schedules.”
BIGGEST CRASHES
http://www.bloomberg.com/news/articles/2015-08-26/in-history-of-global-stock-tumults-china-still-in-back-of-pack#media-1
China Doesn't Look That Bad Compared With Past Market Meltdowns-Volatility in Shanghai shares is lower than in other major market selloffs-Ye Xie Belinda Cao-August 26, 2015 — 6:15 PM EDT-bloomberg
Losing $5 trillion in China’s equity-market rout in just two months is bad. But measured by the intensity of the price swings, the selloff still fails to stand out among past market meltdowns.China has the world’s most volatile stocks right now after Greece, yet the fluctuations are 30 percent lower than the average of six financial market crashes, including the ones in 1929 in the U.S., Japan in the early 1990s and Thailand in 1997. The 43 percent decline so far in the Shanghai Composite Index looks modest when compared with a 78 percent peak-to-bottom retreat during the bursting of the dot-com bubble in 2000 and an 84 percent slump in the Russian market following the 1998 default.While the declines have destroyed wealth equivalent to the combined economic output of Germany and Italy and forced unprecedented government intervention, the fallout is unlikely to be as severe as other global economic debacles. Most of the previous stock frenzies were caused by banking crises and debt defaults, China’s stock slump is largely a price adjustment to a frothy valuation following a more than 150 percent surge.“The big distinction is that there’s a market correction in China, but there’s no financial crisis,” said David Loevinger, a former China specialist at the U.S. Treasury who is now an analyst at fund manager TCW Group Inc. in Los Angeles.The economic impact will be limited because the stock market, dominated by individual investors, plays only a marginal role for companies to raise funds, according to Loevinger. Equity accounted for about 3 percent of total financing this year, compared with 67 percent from bank lending, according to data from the People’s Bank of China.The Shanghai Composite Index has lost 23 percent over the past five days, the steepest decline since 1996, deepening the two-month rout on concern that valuations are unjustified by the worsening economic outlook. The stock benchmark’s 60-day historical volatility, a measure of the price swings, has surged to an 18-year high of 58 percent, data compiled by Bloomberg show.While the turmoil is still unfolding and the speed of the selloff has been swift, the magnitude is less than other major crises. Russia’s Micex Index tumbled over a 12-month period as volatility jumped to 154 percent in October 1998, two months after President Boris Yeltsin’s administration defaulted on $40 billion of ruble debt.Historical price swings on the Standard & Poor’s 500 Index rose to 75 percent in December 2008 as the collapse of Lehman Brothers Holdings Inc. deepened the global financial crisis. The stock gauge lost 57 percent in less than two years through March 2009.Clem Miller, an investment strategist at Wilmington Trust, said the Chinese market turmoil is similar to the burst of the dot-com bubble -- a financial market correction with limited economic damage.“We do not believe there will be a significant negative impact on the Chinese economy,” he said.The U.S. economy sank into a brief recession in 2001 following a slump in the Nasdaq Composite Index. The growth contraction only lasted eight months. By the end of the year, the economy had rebounded.The Shanghai Composite’s history since trading began in 1990 has been marked by extreme swings. The gauge surged fivefold between the end of 2005 and its peak in October 2007, before tumbling 72 percent through November 2008. The measure doubled in less than a year from the 2008 low, then lost more than 40 percent by June 2013. Over the past month, the benchmark is still up 33 percent.“Even though it was a big meltdown, it wasn’t necessarily a meltdown that would have wide-ranging effects globally,” said Brian Jacobsen, who helps oversee $250 billion as chief portfolio strategist at Wells Fargo Advantage Funds in Menomonee Falls, Wisconsin.
CHINA DEVALUES CURRENCY FOR AMERICAN INTEREST RATE RISE SPECULATION
http://israndjer.blogspot.ca/2015/08/yesterday-dow-was-up-440-points-and.html
http://israndjer.blogspot.ca/2015/08/i-believe-this-china-devaluing-of-its.html
http://israndjer.blogspot.ca/2015/08/see-how-stock-markets-fare-today-at-ok.html
http://israndjer.blogspot.ca/2015/08/asian-stock-markets-crash-badly-to.html
http://israndjer.blogspot.ca/2015/08/stock-market-crash-was-inevitable-and.html
http://israndjer.blogspot.ca/2015/08/imf-its-premature-to-say-china-is.html
http://israndjer.blogspot.ca/2015/08/10-currencies-that-may-follow.html
http://israndjer.blogspot.ca/2015/08/11-chinese-banks-ask-for-bailouts.html
http://israndjer.blogspot.ca/2015/08/north-korea-threatens-us-what-china.html
http://israndjer.blogspot.ca/2015/08/what-kinda-story-is-this-america-used.html
http://israndjer.blogspot.ca/2015/08/112-now-dead-722-injured-in-china-port.html
http://israndjer.blogspot.ca/2015/08/china-devalues-currency-for-3rd-day.html
http://israndjer.blogspot.ca/2015/08/china-currency-wars-angers.html
http://israndjer.blogspot.ca/2015/08/china-devalues-currency-for-second-day.html
http://israndjer.blogspot.ca/2015/08/china-devalues-its-currency-stocks-fall.html
GREECE NEWS
http://israndjer.blogspot.ca/2015/08/typhoons-fires-koreas-talk-planned.html
http://israndjer.blogspot.ca/2015/08/tsipras-resigns-for-greece-elections.html
http://israndjer.blogspot.ca/2015/08/china-says-it-arrested-15000-people-for.html
http://israndjer.blogspot.ca/2015/08/russia-and-nato-rehearsing-for-war.html
http://israndjer.blogspot.ca/2015/08/at-least-56-dead-720-injured-in-chinese.html
http://israndjer.blogspot.ca/2015/08/greece-lenders-clinch-bailout-deal.html
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
UPDATE-AUGUST 27,2015-12:00AM
DOW MARKET THURSDAY-AUG 27,2015
09:30AM-196.95
10:00AM-157.50
10:30AM-209.07
11:00AM-289.32
11:30AM-267.67
12:00PM-282.84
12:30PM-323.89
01:00PM-366.27
01:30PM-365.01
02:00PM-359.49
02:30PM-240.71
03:00PM-111.43
03:30PM-213.45
04:00PM-369.26+ 16,654.77
LOW +111 HIGH +382
TSX +356.12 13,737.71-GOLD $1,122.90 -1.70-OIL $42.40 +3.80
US stocks end sharply higher after Chinese market surges-US stocks jump after Chinese market surges, US economy grew faster than previously estimated-Associated Press By Alex Veiga, AP Business Writer-AUG 27,15-YAHOONEWS
U.S. stocks are closing sharply higher after China's main stock index logged its biggest gain in eight weeks. A report also showed that the U.S. economy expanded at a much faster pace than previously estimated.The Dow Jones industrial average climbed 369.26 points, or 2. 3 percent, to 16,654.77 on Thursday. That took the two-day gain for the index to almost 1,000 points.The Standard & Poor's 500 index gained 47.15 points, or 2.4 percent, to 1,987.66. The Nasdaq composite gained 115.17 points, or 2.5 percent, to 4,812.71.Energy stocks surged as the price of oil jumped 10 percent.Bond prices were little changed from Wednesday, keeping the yield on the benchmark 10-year Treasury note at 2.18 percent.
Oil Surges Most in Six Years on Faster U.S. Economic Growth-Mark Shenk-Updated on August 27, 2015 — 3:29 PM EDT-BLOOMBERG
Oil jumped the most in more than six years, caught up in a relief rally that swept the globe as the U.S. economy grew more than predicted.West Texas Intermediate futures rose 10 percent, the biggest gain since March 2009. U.S. gross domestic product grew at a 3.7 percent annualized rate in the second quarter, exceeding all estimates of economists surveyed by Bloomberg. The Standard & Poor’s 500 Index headed for its biggest two-day gain since 2009 as Chinese shares snapped a five-day losing streak.Prices extended gains after Royal Dutch Shell Plc issued a force majeure on Bonny Light exports from Nigeria as it worked to repair two crude pipelines shut because of thefts and a leak.Oil had slumped below $40 this week as concern over slowing demand in China fueled volatility in global markets. Prices are down about 31 percent from this year’s closing peak in June on speculation that a world supply glut will be prolonged. OPEC members are sustaining output while U.S. stockpiles remain more than 90 million barrels above the five-year seasonal average."We’re getting whiplash moves," Matt Sallee, who helps manage $17.7 billion in oil-related assets at Tortoise Capital Advisors in Leawood, Kansas, said by phone. "The shorts are skittish and whenever there’s any positive data they cover very quickly."-WTI, Brent-West Texas Intermediate for October delivery climbed $3.96 to settle at $42.56 a barrel on the New York Mercantile Exchange. The contract touched $37.75 on Monday, the lowest level since February 2009. Prices have decreased 20 percent this year.Brent for October settlement advanced $4.42, or 10 percent, to end the session at $47.56 a barrel on the London-based ICE Futures Europe exchange. It was the biggest gain since December 2008. The European benchmark crude closed at a $5 premium to WTI.Crude’s gain triggered increases in shares of oil and gas producers. Chevron Corp., the second-largest U.S. energy company, surged 4.8 percent to $76.59 at 2:52 p.m.Last quarter’s GDP growth exceeded the 2.3 percent gain the Commerce Department reported last month. The report comes as Federal Reserve policy makers debate whether growth is strong enough to withstand the first increase in the benchmark interest rate since 2006.-Bottomed Out-"We were due for a rebound after the huge selloff," Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts, said by phone. "Some good economic news ands we were ready to rally. The market may have bottomed out."Saudi Arabia led the Organization of Petroleum Exporting Countries in its decision to maintain its crude output target unchanged at 30 million barrels a day in June to preserve market share amid rising production from the U.S. to Russia.U.S. crude stockpiles fell 5.45 million barrels to 450.8 million last week, the Energy Information Administration reported Wednesday. Stockpiles at Cushing, Oklahoma, the nation’s biggest oil-storage hub and the delivery point for WTI futures, expanded for a second week to 57.7 million barrels.The Bloomberg Commodity Index of 22 raw materials surged 3 percent, the most since June 2012. The index sank to the lowest since 1999 on Monday."The market has fallen very quickly," Michael Hiley, head of over-the-counter energy trading at New York-based LPS Partners Inc., a futures brokerage, said by phone. "You run out of sellers, and the market goes back up. Fundamentals just don’t change that fast in commodities."
Money Pours Out of Emerging Markets at Rate Unseen Since Lehman-Elena Popina-August 27, 2015 — 3:20 PM EDT-BLOOMBERG
This week, investors relived a nightmare.As markets from China to South Africa tumbled, they pulled $2.7 billion out of developing economies on Aug. 24. That matches a Sept. 17, 2008 exodus during the week Lehman Brothers went under. The collapse of the U.S. investment bank was a seminal moment in the timeline of the global financial crisis.The retreat from risky assets, triggered by concern over a slowdown in China and higher interest rates in the U.S., has taken money outflows from emerging markets to an estimated $4.5 billion in August, compared with inflows of $6.7 billion in July, data compiled by Institute of International Finance show.It's lower stock prices that people are most worried about.Equity outflows from developing nations increased to $8.7 billion this month, the highest level since the taper tantrum of 2013 when the prospect of higher rates in the U.S., making riskier assets less attractive, first shook emerging markets.Debt inflows softened this month while remaining positive at $4.2 billion, the IIF says."Emerging market investors have been spooked by rising uncertainty about China, and stress has been exacerbated by a combination of fundamental concerns about EM economic prospects and volatility in global financial markets," Charles Collyns, chief economist at the IIF, said in an e-mailed comment.
Question for U.S. Stock Bulls Is When Valuations Start to Matter-Anna-Louise Jackson Joseph Ciolli-August 27, 2015 — 12:00 AM EDT-BLOOMBERG
Four months ago, Janet Yellen pronounced U.S. equity-market valuations “quite high.” Now Citigroup Inc. and Stifel Nicolaus & Co. say they could have the power to stanch the bleeding in American equities.They were “screamingly attractive” to Tobias Levkovich, Citigroup’s chief U.S. equity strategist, when he spoke on Bloomberg Radio just before the Standard & Poor’s 500 Index staged its biggest rally in four years. Chad Morganlander, a money manager at Stifel Nicolaus in Florham Park, New Jersey, said that they had fallen almost enough for investors to feel safe buying.Prior to Wednesday’s rebound, the selloff that wiped out $2 trillion in market value brought the price-earnings ratio on the Standard & Poor’s 500 Index down 11 percent to 16.5. Whether that had anything to do with the rally may depend on how you view history. As recently as May, Federal Reserve Chair Yellen said shares were the opposite of cheap.“There are dozens of ways to torture the numbers to make any number of cases regarding valuations,” Morganlander, whose firm oversees about $170 billion, said by phone. “Eventually the reality that valuations have come off so much will come into play.”At the center of one of the biggest bull cases on U.S. equities is an assessment incorporating bonds that is sometimes referred to as the Fed Model. The theory is that cash flows from fixed-income investments can be compared with profits generated by companies to arrive at a relative value for each.Using that, American stocks have been inexpensive relative to Treasuries for the duration of the bull market -- and remain so now. The S&P 500’s earnings yield, calculated as its overall earnings divided by price, is about 5.8 percent. That’s 3.65 percentage points more than the 10-year note pays out, compared with an average difference of 0.32 point in 53 years of data compiled by Bloomberg.Yellen noted the bonds comparison when she spoke at a forum on finance in Washington on May 6.“I would highlight that equity-market valuations at this point generally are quite high,” Yellen said in response to a question. “Now, they’re not so high when you compare the returns on equities to the returns on safe assets like bonds, which are also very low. But there are potential dangers there.”High or not, valuations have seldom put a brake on the bull market before 2015. The S&P 500 rose almost 30 percent in 2013, a year in which its price-earnings ratio got as high as 17.9, more than a point above the average over the last 10 years. It climbed another 11 percent in 2014 when the ratio averaged 17.7.At Tuesday’s close, the market multiple of 16.5 was the lowest since February 2014.Based on Levkovich’s models at the start of Wednesday, the markets were “sitting at one-to-two standard deviations below the weekly average going back to 1971,” he said, implying a “96 percent probability of markets being higher a year from now.” He cautioned that fundamentals need to support a price recovery, particularly in industries such as raw materials and energy, which are at multi-year low valuations.-‘Near Value’-The entire S&P 500 has a lot more to decline should the market play out according to past bottoms. When the index hit a 12-year low in March 2009, it was trading at 11 times annual profit. In October 2011, at a 13-month low, the S&P 500’s price-earnings ratio was 12.3.“We’re not in the camp that valuations are screaming buy at these levels,” said Tom Manning, chief investment officer from Boston Private Wealth, which oversees about $9 billion in assets. “Valuations are likely to go higher but that is not to say they are exceedingly cheap, or cheap for that matter. They’re somewhere near value.”An obsession with historical comparisons seems misguided to Laszlo Birinyi, the investor whose bullish calls have repeatedly come true since 2009. Sentiment is as likely to drive prices as anything else, the 72-year-old former Salomon Brothers Inc. analyst wrote in an Aug. 5 note to clients.He cited the cyclically adjusted price-earnings ratio championed by Robert Shiller, which compares index levels to 10 years of earnings instead of just one. Going by its signals since 1926, Birinyi wrote, the S&P 500 should have returned less than 1 percent a year in the decade after the dot-com bust. It returned almost five times as much.“Our bottom line is that many market metrics and indicators are based on acyclical environment which no longer exists,” he wrote.One lesson from history does hold for when the market eventually rebounds.“Those that get nervous here and move to the sidelines are going to lose twice, on the way down and then because they weren’t able to participate in the bounce,” Jonathan Golub, chief strategist at RBC Capital Markets LLC, said in an interview on Bloomberg Television. “Those things that you probably liked before you should like now at cheaper prices.”Markets Standard & Poor's Earnings Janet L Yellen S&P 500 Citigroup Inc Bonds Bull Market Chad Money Manager
US stocks gain in midday trading after Chinese market surges-Associated Press By ALEX VEIGA-aug 27,15-yahoonews
U.S. stocks are rising in midday trading after China's main stock index logged its biggest gain in eight weeks. A report also showed that the U.S. economy expanded at a much faster pace than previously estimated.The Dow Jones industrial average climbed 298 points, or 1.8 percent, as of 12:06 p.m. Eastern time on Thursday.The Standard & Poor's 500 index gained 39 points, or 2 percent, to 1,980. The Nasdaq composite gained 99 points, or 2.1 percent, to 4,796.Freeport-McMoRan jumped after the copper producer said it is cutting spending, production and jobs as it deals with declining copper prices.Bond prices were little changed from Wednesday, keeping the yield on the benchmark 10-year Treasury note at 2.18 percent.
Greek judge appointed caretaker PM up to elections-Reuters By Renee Maltezou and Deepa Babington-aug 27,15-yahoonews
ATHENS (Reuters) - Greece's top Supreme Court judge was named caretaker prime minister on Thursday to lead the country to elections next month, ending a week of political deadlock after leftist leader Alexis Tsipras resigned.Vassiliki Thanou, an anti-austerity advocate who has argued against wage cuts for judges and court officials, will be sworn in as the country's first female prime minister at 8 p.m. local (1700 GMT). Her administration will take office on Friday, when Sept. 20 is expected to be set as the election date.Her appointment ends a week of fruitless negotiations as top opposition party leaders took turns in attempting to form a government, exercising a constitutional right that takes effect if a prime minister resigns within a year of being elected.The process dragged on for a week as the main conservative opposition and then the far-left Popular Unity party both used their allotted three days in full despite having no chance of success, hoping to delay the election.The conservatives said all must be done to avoid a new round of elections that Greece did not need.Popular Unity leader Panagiotis Lafazanis - who broke his rebel far-left faction away from Tsipras's Syriza party last week, taking a sixth of its lawmakers with him - used his three days to air his anti-bailout message before handing back the mandate on Thursday.Tsipras remains hugely popular in Greece despite making a U-turn to accept a bailout program, and opposition parties feel a longer campaign period offers a better chance of denting his popularity as austerity cuts from the bailout start kicking in.-NO COOPERATION-No major polls have been published in recent weeks but Syriza is expected to once again emerge as the biggest party in parliament when the snap election is held. But Tsipras is not expected to secure an absolute majority, forcing him to find a coalition partner, failing which a second round of elections could be held.In an interview with Alpha TV on Wednesday, Tsipras stood by previous comments that his party would not cooperate with New Democracy and the Socialist PASOK, which took turns ruling Greece for decades before Syriza swept to power this year.He also ruled out a tie-up with the new centrist To Potami party that espouses a strong pro-euro message, effectively leaving his current coalition partner - the right-wing Independent Greeks - as the only potential ally."Our differences are very significant," Tsipras said. "I believe all these three parties express the old party system. Certainly, I will not be the prime minister."The comments prompted criticism from opposition figures on Thursday, who accused Tsipras of blackmailing voters with the dilemma of choosing either him or facing a political deadlock."Yesterday Mr. Tsipras made a huge provocation, saying to citizens whatever you vote I will not cooperate," Stavros Theodorakis, leader of To Potami, told Mega TV."...In other words what? Elections again in October, if the Independent Greeks do not make it to parliament?"(Writing by Deepa Babington; editing by John Stonestreet)
China Intervened Today to Shore Up Stocks Ahead of Military Parade-Bloomberg News-Updated on August 27, 2015 — 7:31 AM EDT
China’s government resumed its intervention in the stock market on Thursday and has been cutting holdings of U.S. Treasuries this month to support the yuan, according to people familiar with the matter.Authorities want to stabilize equities before a Sept. 3 military parade celebrating the 70th anniversary of the World War II victory over Japan, said two of the people, who asked not to be identified because the move wasn’t publicly announced. Treasury sales allow policy makers to raise dollars needed to bolster the yuan after a shock devaluation two weeks ago, according to different people familiar with the matter.China revived its equity purchases after the government’s absence from the market earlier this week contributed to the biggest two-day selloff since 1996. Under a new exchange-rate regime announced Aug. 11, the central bank relies on intervention to manage the yuan instead of its daily fixing. China’s surprise policy shifts have jolted markets worldwide as investors struggle to gauge their impact on the world’s second-largest economy.“The Chinese are not being very consistent in their communication to the markets,” said Andrew Sullivan, head of sales trading at Haitong International Securities Group Ltd. in Hong Kong. Investors are “frustrated by the flip flop.”-IMF Endorsement-China’s November 2013 pledge to let markets play a decisive role in the economy is being put to the test after a record-long boom in the Shanghai Composite Index turned into a bust.The country’s interventionist response to the equity tumble last month spurred foreign investors to withdraw funds at a record pace and prompted the International Monetary Fund to urge Chinese officials to eventually unwind the measures. China is seeking an IMF endorsement of the yuan as a reserve currency, a goal that some analysts have said is being used by reformist policy makers to reduce the state’s role in markets.The Shanghai Composite swung from a loss of 0.7 percent to a 5.3 percent gain in the last hour of trading on Thursday, ending a rout that erased more than $5 trillion of value since mid-June. The government bought large-company stocks, according to one of the people.China had halted its stock-market intervention in the first two days of this week as policy makers debated the merits of an unprecedented rescue package, according to people familiar with the situation. The China Securities Regulatory Commission didn’t immediately respond to a faxed request for comment.-Chaotic Market-“The stock market is getting chaotic and difficult to invest in amid speculation about whether the government is intervening,” said Wu Kan, a Shanghai-based fund manager at JK Life Insurance. A gauge of 50-day volatility on the Shanghai Composite surged to its highest level since 1997 this week.The intervention to prop up shares is part of a broader effort to ensure nothing detracts from the parade, an event the government will use to demonstrate its rising military and political might. The ruling Communist Party has also closed thousands of factories to curb pollution and ordered some vehicles off the road.The parade has been planned for months and will provide President Xi Jinping his first opportunity to publicly present himself to the world as China’s commander in chief. Such events, usually held on major anniversaries of the country’s founding, serve as a key ritual in establishing the Communist Party chief’s supreme authority over the country.-State Media-What happens in China’s stock market has had a growing influence on public perceptions of the leadership’s economic management since millions of Chinese traders opened stock accounts over the past year. Encouraged by a series of articles in state-run media that endorsed equity investment, more than 90 million individual investors now have stock accounts, a constituency that’s bigger than the Communist Party.The Shanghai Composite has tumbled 40 percent from its mid-June peak as margin traders closed out bullish bets and concern deepened that valuations are unjustified by the weak economic outlook. China’s financial markets will be shut on Sept. 3 and 4 for national holidays marking the end of the war.China’s channels for cutting Treasury holdings include direct sales, as well as through agents in Belgium and Switzerland, said one of the people, who asked not to be identified as the information isn’t public. China has communicated with U.S. authorities about the sales, said another person. They didn’t reveal the size of the disposals.-Reserve Assets-Sales of dollar assets have contributed to a $315 billion drop in China’s foreign-exchange reserves over the last 12 months. The $3.65 trillion stockpile will fall by some $40 billion a month in the remainder of 2015 because of the intervention, according to the median estimate in a Bloomberg survey.The latest available Treasury data and estimates by strategists suggest that China controls $1.48 trillion of U.S. government debt, according to data compiled by Bloomberg. That includes about $200 billion held through Belgium, which Nomura Holdings Inc. says is home to Chinese custodial accounts.The PBOC has sold at least $106 billion of reserve assets in the last two weeks, including Treasuries, according to an estimate from Societe Generale SA.The yuan rose 0.08 percent to 6.4053 per dollar on Thursday in Shanghai, trimming this month’s decline to 3.1 percent. Daily fluctuations have averaged less than 0.1 percent in the past two weeks as the PBOC intervened to bring stability following the Aug. 11 devaluation.Two-year Treasuries erased an earlier advance, with their yield little changed at 0.68 percent as of 7:10 a.m. in New York. It fell as much as two basis points. The 10-year yield declined one basis points to 2.16 percent, near its average for the past month.China selling Treasuries is “not a surprise, but possibly something which people haven’t fully priced in,” said Owen Callan, a Dublin-based fixed-income strategist at Cantor Fitzgerald LP. “It would change the outlook on Treasuries quite a bit if you started to price in a fairly large liquidation of their reserves over the next six months or so as they manage the yuan to whatever level they have in mind.”
Oil Industry Needs Half a Trillion Dollars to Endure Price Slump-Luca Casiraghi Rakteem Katakey-Updated on August 27, 2015 — 8:27 AM EDT-bloomberg
At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt. Some might not make it.The number of oil and gas company bonds with yields of 10 percent or more, a sign of distress, tripled in the past year, leaving 168 firms in North America, Europe and Asia holding this debt, data compiled by Bloomberg show. The ratio of net debt to earnings is the highest in two decades.If oil stays at about $40 a barrel, the shakeout could be profound, according to Kimberley Wood, a partner for oil mergers and acquisitions at Norton Rose Fulbright LLP in London. West Texas Intermediate crude was up 3.8 percent to $40.06 a barrel at 8:13 a.m. in New York.“The look and shape of the oil industry would likely change over the next five to 10 years as companies emerge from this,” Wood said. “If oil prices stay at these levels, the number of bankruptcies and distress deals will undoubtedly increase.”Debt repayments will increase for the rest of the decade, with $72 billion maturing this year, about $85 billion in 2016 and $129 billion in 2017, according to BMI Research. About $550 billion in bonds and loans are due for repayment over the next five years.U.S. drillers account for 20 percent of the debt due in 2015, Chinese companies rank second with 12 percent and U.K. producers represent 9 percent.In the U.S., the number of bonds yielding greater than 10 percent has increased more than fourfold to 80 over the past year, according to data compiled by Bloomberg. Twenty-six European oil companies have bonds in that category, including Gulf Keystone Petroleum Ltd. and EnQuest Plc.Pressure Builds-Gulf Keystone can “satisfy all its obligations to both its contractors and creditors” after authorities in Kurdistan, where the company operates, committed to making monthly payments for crude exports from September, Chief Financial Officer Sami Zouari said in an e-mail.An EnQuest spokesman declined to comment.Slumping crude prices are diminishing the value of oil reserves and reducing borrowing power, even as pressure builds to find replacement fields.Some earnings metrics are already breaching the lows of the 2008 financial crisis. The profit margin for the 108-member MSCI World Energy Sector Index, which includes Exxon Mobil Corp. and Chevron Corp., is the lowest since at least 1995, the earliest for when data is available.“There are several credits which simply won’t be able to refinance and extend maturities and they may need to raise additional equity,” said Eirik Rohmesmo, a credit analyst at Clarksons Platou Securities AS in Oslo. “The question is: Would they be able to do that with debt at these levels?”-Credit Ratings-Some U.S. producers gained breathing space by leveraging their low-cost assets to raise funds earlier this year and repay debt, Goldman Sachs Group Inc. wrote in a Aug. 6 report. This helped companies shore up their capital and reduce debt-servicing costs.That may no longer be an option because energy companies have been the worst performers in the past year among 10 industry groups in the MSCI World Index.Credit-rating downgrades are putting additional strain on the ability of oil companies to raise money cheaply. Standard & Poor’s cut the rating of Eni SpA, Italy’s biggest oil company, in April while Moody’s Investors Service downgraded Tullow Oil Plc’s debt in March.Spokesmen for Eni and Tullow declined to comment.The biggest companies, with global portfolios that span oil fields to refineries, will probably emerge largely intact from the slump, Norton Rose’s Wood said. Smaller players, dependent on fewer assets, could have problems, she said.“Clearly, those companies with debt to pay will have one eye firmly on oil prices,” said Christopher Haines, a senior oil and gas analyst at BMI in London. “With revenues collapsing and debt soon to mature, a growing number of companies may find themselves unable to meet repayment schedules.”
BIGGEST CRASHES
http://www.bloomberg.com/news/articles/2015-08-26/in-history-of-global-stock-tumults-china-still-in-back-of-pack#media-1
China Doesn't Look That Bad Compared With Past Market Meltdowns-Volatility in Shanghai shares is lower than in other major market selloffs-Ye Xie Belinda Cao-August 26, 2015 — 6:15 PM EDT-bloomberg
Losing $5 trillion in China’s equity-market rout in just two months is bad. But measured by the intensity of the price swings, the selloff still fails to stand out among past market meltdowns.China has the world’s most volatile stocks right now after Greece, yet the fluctuations are 30 percent lower than the average of six financial market crashes, including the ones in 1929 in the U.S., Japan in the early 1990s and Thailand in 1997. The 43 percent decline so far in the Shanghai Composite Index looks modest when compared with a 78 percent peak-to-bottom retreat during the bursting of the dot-com bubble in 2000 and an 84 percent slump in the Russian market following the 1998 default.While the declines have destroyed wealth equivalent to the combined economic output of Germany and Italy and forced unprecedented government intervention, the fallout is unlikely to be as severe as other global economic debacles. Most of the previous stock frenzies were caused by banking crises and debt defaults, China’s stock slump is largely a price adjustment to a frothy valuation following a more than 150 percent surge.“The big distinction is that there’s a market correction in China, but there’s no financial crisis,” said David Loevinger, a former China specialist at the U.S. Treasury who is now an analyst at fund manager TCW Group Inc. in Los Angeles.The economic impact will be limited because the stock market, dominated by individual investors, plays only a marginal role for companies to raise funds, according to Loevinger. Equity accounted for about 3 percent of total financing this year, compared with 67 percent from bank lending, according to data from the People’s Bank of China.The Shanghai Composite Index has lost 23 percent over the past five days, the steepest decline since 1996, deepening the two-month rout on concern that valuations are unjustified by the worsening economic outlook. The stock benchmark’s 60-day historical volatility, a measure of the price swings, has surged to an 18-year high of 58 percent, data compiled by Bloomberg show.While the turmoil is still unfolding and the speed of the selloff has been swift, the magnitude is less than other major crises. Russia’s Micex Index tumbled over a 12-month period as volatility jumped to 154 percent in October 1998, two months after President Boris Yeltsin’s administration defaulted on $40 billion of ruble debt.Historical price swings on the Standard & Poor’s 500 Index rose to 75 percent in December 2008 as the collapse of Lehman Brothers Holdings Inc. deepened the global financial crisis. The stock gauge lost 57 percent in less than two years through March 2009.Clem Miller, an investment strategist at Wilmington Trust, said the Chinese market turmoil is similar to the burst of the dot-com bubble -- a financial market correction with limited economic damage.“We do not believe there will be a significant negative impact on the Chinese economy,” he said.The U.S. economy sank into a brief recession in 2001 following a slump in the Nasdaq Composite Index. The growth contraction only lasted eight months. By the end of the year, the economy had rebounded.The Shanghai Composite’s history since trading began in 1990 has been marked by extreme swings. The gauge surged fivefold between the end of 2005 and its peak in October 2007, before tumbling 72 percent through November 2008. The measure doubled in less than a year from the 2008 low, then lost more than 40 percent by June 2013. Over the past month, the benchmark is still up 33 percent.“Even though it was a big meltdown, it wasn’t necessarily a meltdown that would have wide-ranging effects globally,” said Brian Jacobsen, who helps oversee $250 billion as chief portfolio strategist at Wells Fargo Advantage Funds in Menomonee Falls, Wisconsin.
CHINA DEVALUES CURRENCY FOR AMERICAN INTEREST RATE RISE SPECULATION
http://israndjer.blogspot.ca/2015/08/yesterday-dow-was-up-440-points-and.html
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GREECE NEWS
http://israndjer.blogspot.ca/2015/08/typhoons-fires-koreas-talk-planned.html
http://israndjer.blogspot.ca/2015/08/tsipras-resigns-for-greece-elections.html
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http://israndjer.blogspot.ca/2015/08/greece-lenders-clinch-bailout-deal.html
MURDERER BRYCE WILLIAMS-STAGE NAME-Vester Flanagan -real name-pic-wbdj7
A screenshot of the suspect (WDBJ)