Friday, February 26, 2016


News Links, February 27, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global Trade Is Collapsing—-Chinese Exports To Brazil Down 60% In January Y/Y; All Containerized Shipments To LatAm Down 50%
Rough seas for dry bulk shipbrokers as commissions tank
While it's a matter of life and death for the dry bulk shipowners, who are struggling to cover even their operational expenses, the current crisis is pushing shipbrokers to the edge.
Short sellers hitting energy at near-crisis levels
Short sellers are piling into energy stocks at a rate nearly equal to what banks were seeing during the financial crisis.
The $400 Billion Money-Fund Exodus With Banks in Its Crosshairs
This is why you can expect another global stock market meltdown: Stocks and other investments are wildly overvalued
Gold Defies Headwinds; Demand Surges in Last Half of 2015
Dutch Central Bank Considers To Relocate Gold Vault And Publish Gold Bar List
Saudi inflation soars to five-year high on subsidy cut
Brazil Faces Double Squeeze of Inflation and Recession
Investors, Creditors Getting Demolished by this Global Renewables Giant
Ontario cracks down on underground economy, goes after tax cheats
"Buy Gold" As "Insurance Is Warranted" – Deutsche Bank
South Korea Inc.: Deflationary pressures pose threat across industries
Bond Vigilantes Push $258 Billion of Oil Debt Past Junk

## Cut, baby, cut! ##
Halliburton to cut 5,000 jobs in new round of layoffs
Slashing Start for European Energy Sector
After closing out 2015 with a string of upstream investment reductions, the European oil and gas sector opened the year in a similar fashion, announcing numerous job and expenditure cuts and taking the steam out of various projects.
Apache Slashes 2016 Budget By More Than Half, Sees Lower Output
Oil and gas producer Apache Corp cut its 2016 capital budget by more than half on Thursday and said output would dip as it weathers a 70 percent slide in crude prices.
Caterpillar, Deere cut 170 more jobs as sales slump

## War on cash/cashless society ##
Negative Rates In The U.S. - Pt.1 Why They Are On The Table
In defense of killing the $100 bill (Washington Post)
War on cash to pump up silver, wine, art, gold
[I]f cash becomes harder to get in large size, look for money to flow to art, wine and precious metals, as investors lawful and of other stripes seek alternatives.
An Escalating War On Cash
Europe's Banknote Furor Becomes Front Line on Future of Cash

## Airline death spiral ##
Could Cheap Oil Ground Airbus?
Iceland's 'air hooligan' problem
Drunk and disorderly air passengers are such a problem in Iceland that there's even a word for them.
Airlines worry Zika may be hurting Americas travel: IATA CEO
Woman says United Airlines opened her luggage — and peed in it
Horrible people applaud as 7-year-old is removed from plane because of allergic reaction to pets
Russia Fears More Airlines to Go Bust on Plunging Demand
Chinese Tourists Start Fighting at Tokyo's Narita Airport

## Fault lines/flashpoints/powder kegs/military/war drums ##
US, Russian Officials Close To Completing Draft UNSC Resolution Backing Syrian Ceasefire
Israel Air Defense Commander: Russians Are Not An Enemy
How US Helps Al Qaeda in Yemen
The Obama administration, eager to assuage Saudi Arabia's anger over the Iran nuclear deal and the failure to achieve "regime change" in Syria, has turned a blind eye to Riyadh's savaging of Yemen, even though that is helping Al Qaeda militants expand their territory.
Europe's leading armed forces are so hollowed out they are incapable of conducting major rapid-response operations, raising questions about NATO's overall readiness to respond to a more aggressive Russia, a study re-leased Friday by the Atlantic Council concludes.
Europe's free travel will end unless Turkey halts migrant flow, officials say
Europe's cherished free-travel zone will shut down unless Turkey acts to cut the number of migrants heading north through Greece by March 7, European Union officials said on Thursday.

## UAVs ##

## Energy/resources ##
World outside US and Canada doesn't produce more crude oil than in 2005
Shale Oil Architect Predicts Doom for Some Drillers Amid Slump
Shale explorers will be "decimated" in coming months amid a wave of restructurings and bankruptcies, fallout from the 70 percent drop in oil prices since mid-2014.
The Allure Of Shale Is Wearing Off
Investment in U.S. shale continues to dwindle, with several large companies raising eyebrows with plans to slow drilling plans much further than expected.
Build all you can now. But renewables (i.e., real-time energy) won't save industrial civilization. -- RF
UK energy supply forecasts 'into the red' for first time next winter
Britain will be forced to rely on imports and costly emergency measures to prevent blackouts, official data suggests

## Got food? ##

## Environment/health ##
World's Carbon Budget is Only Half As Big As Thought
Climate scientists have bad news for governments, energy companies, motorists, passengers and citizens everywhere in the world: to contain global warming to the limits agreed by 195 nations in Paris last December, they will have to cut fossil fuel combustion at an even faster rate than anybody had predicted.

## Intelligence/security/internet/cyberwar ##
An attack such as this one has long been a nightmare scenario for top U.S. officials. National Security Agency and U.S. Cyber Command chief Adm. Michael Rogers has previously warned that it's not a matter of if, but when attackers will also target U.S. power systems.

The mountain of cash in Japan amounts to almost 100 trillion yen ($890 billion), equivalent to about a fifth of the size of the economy. And last year the number of 10,000-yen notes, the biggest bill, increased by 6.2 percent, the largest jump since 2002.
Panasonic to cut 50 jobs at solar ingot plant in Oregon
Panasonic Corp. will cut 50 jobs in April at a factory that makes solar ingots in Oregon amid slowing demand for photovoltaic panels in Japan.

## UK ##
Britain heading for power cuts next winter, say 60 local authorities
A group representing 60 local authorities has warned that recent closures of large power stations have left Britain heading for power cuts next winter, despite assurances to the contrary from the government.
Austerity: George Osborne set to double down on spending cuts in Budget
Chancellor talks of likely 'further reductions in spending' forced on him by deterioration in global economic outlook

## US ##
For 2015, the government reports $3.2 trillion in total assets... Curiously, the single biggest line item amongst these listed assets is the $1.2 trillion in student loans that are owed to the government by the young people of America.
Subprime Auto Loan Delinquencies Jump to Highest Level Since 2010
Remember: It's not a recession, but another leg down in a continuing collapse. -- RF
Turner: Sustaining Force Posture Could Require Over $1 Billion
Sustaining the current force posture for the Army and Marine Corps would likely require over $1 billion, Rep. Mike Turner, the chairman of the House Armed Services Tactical Air and Land Forces subcommittee, said.
Now It's Even Worse Than it Was When Lehman Collapsed, But It's "Contained"
The pile of toxic corporate bonds in the US, euphemistically called "distressed" debt, ballooned 15% in the single month of February to $327.8 billion, up 265% from a year ago, according to S&P Capital IQ. The number of S&P rated US companies with distressed debt rose 9% in February to 353, up 128% from a year ago.

## The candidates ##

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