Don't forget to add some of these as the SHTF.
Meanwhile gold, a traditional and historical safe haven when things such as these happen continues to SLOWLY creep higher as the banksters throw every piece of naked paper gold they can at the paper market to try and maintain control. "YAWN"
Firefight Underway As Russian "Rebels" Cross Border Into Ukraine
Submitted by Tyler Durden on 06/12/2014 - 09:40
While all eyes are affixed on Iraq (and record highs for stocks), the situation in Ukraine continues to re-escalate. Ukraine's interior minister Arseniy Avakov, speaking at a news conference, exclaimed:
- *UKRAINE SAYS RUSSIA FAILED TO STOP REBEL CONVOY AT BORDER
- *UKRAINE SAYS ARMORED REBEL VEHICLES CROSSED BORDER FROM RUSSIA
- *UKRAINE SAYS REBEL CONVOY INCLUDES 3 TANKS, NUMBER OF APCS
- *UKRAINE MILITARY IN FIREFIGHT WITH REBEL VEHICLES NEAR BORDER
Unconfirmed reports note 3 T-72 tanks in the Snezhnoye region. Time for some more sanctions.
May Retail Sales Miss, Core Retail Sales Unchanged, Control Group Declines
Submitted by Tyler Durden on 06/12/2014 - 08:47
 Another swing and a miss for the so-called Q2 GDP surge. After April data was revised higher, with headline retail sales pushed from 0.1% to 0.5%, and core retail sales ex-autos and gas boosted from -0.1% to 0.3%, May showed a big drop in whatever momentum may have resulted from the March spending spree. As a result May headline retail sales missed expectations of a 0.6% increase, printing at 0.3%, with the entire positive print due to auto and gas sales. Indeed, when looking at core retail sales excluding autos and gas, these were unchanged from April, printing at 0.0%, far below the 0.4% expected.
Initial Claims Rise, Miss Expectations For 2nd Week In A Row
Submitted by Tyler Durden on 06/12/2014 - 08:36
 At 317k, initial claims remain close to cycle lows but it is noteworthy that this is the 2nd week in a row of rising claims (missing expectations) when all we hear about is how great things are and how Q2 will be the big swing back. Continuing claims rose for the first time in 7 weeks but remains just off cycle lows (the biggest rise in 2 months). Perhaps the celebration of escape velocity job creation was - once again - premature.
Summer Gas Prices Highest Since 2011 As Oil Hits 9-Month Highs
Submitted by Tyler Durden on 06/12/2014 - 08:17
 It seems, as we noted earlier, that the machines running the crude oil pricing algos are running on a 24-hour delay but as ISIS pushes on towards Baghdad, takes Tikrit and images of burning refineries hit YouTube, crude oil prices have shot up. WTI Crude is back over $106, a level not seen since Sept 2013 and is the highs for this time of year since 2008's consumer-sapping levels. This recent strength has already leaked into gas prices (though there is more to come if the normal lag is anything to by) as regular gas prices have not been higher for this time of year since 2011. So there we have it - the excuse for Q2 GDP consumption weakness....
|
