Thursday, August 7, 2014

Two newsbits

BI - David Zervos asks why we use the word "correction"? I am always happy to carry a Business Insider article from Mamta Badkar. She's the best one working there. Here's a quote:
On Friday, we learned that the U.S. economy added 209,000 jobs in July. This number missed estimates but Zervos points out that the three-month, six-month, and 12-month moving averages are 245,000, 244,000 and 214,000. "This is an achievement, not a problem," he writes.

We also learned that the U.S. economy expanded 4% in the second quarter and the FOMC's language barely changed.

"Sounds like risk asset bliss right?" asks Zervos in the note, which is titled 'Why do we call these corrections'.

"But the markets are reacting to this good fortune as if someone threw a Baby Ruth in the swimming pool," he says.
So quit piddling your panties, Barry, and buy the fucking dip.

der Spargel - about all the bullshit lies from Donetsk. I don't need to comment, except that Mish is a fucking clown who's being played for a gullible fool by Russian agents like Zerohedge:
Yet again, Putin repeated his allegation that "neo-fascist, fundamentalist forces had used arms to seize power in Kiev." He went on to describe the separatists as a "part of the population" that disagrees with the developments in Ukraine.

The disgruntled segment of the Ukrainian population that Putin refers to is represented near Grabovo by the woman in the summer dress and the 10 heavily armed men of the "People's Republic," who, while claiming to be protecting OSCE staff, are more likely present to keep watch over them. The armed men are wearing brand new camouflage uniforms with patches that read "Sevastopol, City of Heroes," and "The Crimean Spring." One, a young man with a headband and long hair holding a Kalashnikov in his hands and carrying a pistol in his waist belt, tells a Russian television team that he's also from Moscow. When asked where, he says he's from the city's Cheryomushki district. When asked what he does there, he responds by saying he sings in the church choir -- and he has the voice and looks to back it up. He means it seriously. But then he adds, "I'm here voluntarily."

He's just as Ukrainian as Alexander Borodai, the self-proclaimed prime minister of the "People's Republic of Donetsk" who also hails from Moscow. When Borodai handed MH 17's flight recorder over to the Malaysia Airlines experts, they referred to him as "your excellency," just to play it safe. For some time now, it has been leaders from Moscow and not local forces who have been calling the shots in the separatist republic. It's a subject that neither Putin nor the Russian media have shown much interest in addressing. Instead, the public defamation of Ukraine by Russia has reached new heights in the wake of the MH 17 crash.
The separatists and Moscow alike have indignantly denied that a Buk surface-to-air missile shot MH 17 down. They have also vehemently denied that rebels could even have been in possession of the air defense system. They claim that evidence in the form of photos and recordings of conversations have been fabricated by the Ukrainians and the Americans.

But on Wednesday, Alexander Khodakovsky, a rebel leader in Donetsk and commander of the notorious Vostok battalion, told Reuters that rebels did in fact possess the Buk missile system and that it could have come from Russia. Khodakovsky later retracted his statements, but the recording of the interview shows that it is in fact precisely what he said.
Then again, maybe der Spiegel is part of the conspiracy to discredit Mother Russia.

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