1………….> Aussie Time Bomb: Mortgages
Currently, 40% of all Australian mortgages don’t require any repayment of loan principal, and Royal Bank Of Australia has warned that in four years upon expiration of such contracts borrowers may experience a severe financial stress with continuing rise of interest rates worldwide.
“There is still a large stock of housing debt out there, some of which probably would not meet the more conservative lending standards currently being imposed,” RBA assistant governor Michele Bullock said.
“If housing prices were to fall substantially, therefore, such borrowers [with high LVRs] might find themselves in a position of negative equity more quickly than borrowers with an equivalent starting LVR that had paid down some principal,” Ms. Bullock pointed out that the mortgage-to-debt ratio had risen to 140 percent from 120 percent five years earlier.
2…………> Aussie “Hurtcore” Lunatic: Jailed
An Aussie man named Mathew Falder who was a graduate of Cambridge and currently involved in geophysics research at the University of Birmingham was jailed for 32 years in Britain on charges of encouraging a child rape over the dark web.
Posing as a female artist, Falder was part of a pedophilia subculture called “hurtcore”, admitting to 137 offenses, including blackmail, voyeurism and encouraging the rape of a child.
3………..> Roman Gloves: 2000 Years Later
“I have seen representations of Roman boxing gloves depicted on bronze statues, paintings, and sculptures, but to have the privilege of finding two real leather examples is exceptionally special. What really makes Vindolanda so unique is the range of organic objects that we find. Every one of them brings you closer to the people who lived here nearly 2,000 years ago. But the hairs stand up on the back of your neck when you realize that you have discovered something as astonishing as these boxing gloves,” Vindolanda Trust CEO and director of excavations Andrew Birley said about the unearthing two “extremely rare” Roman boxing gloves during an excavation at the site of a fort on Hadrian’s Wall.
4…………> iPhone Microscope: Clip-On
“This could have huge potential for research in impoverished or remote places because now you can do very simple diagnostics on site and you won’t have to lug around a huge microscope with you. Their use in these areas can be essential for determining water quality for drinking, through to analyzing blood samples for parasites, or for disease diagnosis including malaria. Our mission was to put this technology into as many hands as possible, so we wanted to make it open source so that everyone has access to it,” that is how Research Fellow for RMIT’s Centre for Nanoscale BioPhotonics, Dr. Antony Orth described
5…………> Market Report 02/20/2018, sell stop 24,900, CG(5192), 11/22/17
Short position closed at 24912, triggering cover short stop at 24500 with an indicated gain of 1900 DIA points upon closing the short position. Long DIA position was established at 24500 with a stop at 24600 was closed for a gain of 312 points. A new short position was re-established at 24550 with a cover short stop at 24600 for a loss of 50 points, later indexed down at closing to 24000 for a paper gain of 550 points. A market reversal triggered cover short position close at 24000 for a zero gain, new position long at 24,000, sell stop at 24900 for a paper gain of 900 DIA points.
Stock market old timers have said that “you buy the rumor, and sell the news”, and that is exactly what is happening right now, with Democrats screaming murder as a close look at the new FISA memos that are suggesting an incredible Constitutional crisis brewing, a crisis that may reach the very leaders of the “opposition party”. DIA resistance is in the 27,000 area, with supports at 24135, 21354 and 18900 level, US dollar in a downtrend, resistance at 1.003319 CHF, support at .92 and 0.9: Gold in an uptrend, watch break resistance of 1377 to be taken soon. The massive Fed balance sheet contraction will result in a $600 billion dollars being dumped on the credit markets each quarter, a leftover of the horrendous $4.3 trillion money printing of Obama’s septic tank that will surely exert a severe pressure on stocks and financial assets.
We warned long ago that an organized attempt to remove President Trump from office is underway, and if this activity is not curtailed soon, the market will open on gap below 20,000 with next stop 17300 and 11800 support levels.
Stocks were down 255 to 24,965, DJ futures at -65.
Gold down to 1329.1 and USD/CHF up to 0.9363 due to intervention crosscurrents. Translation? As the dollar goes down, we have to wait and see if the new Fed Chair Jerome Powell will continue pressuring gold and the Eurasian block with it down below $1000/oz in an economic WW3. Watch sell stop at 24,900. We have to wait and see if new Fed chair Powell will attempt to destroy Eurasian block by sending gold prices below 1000, despite the fact both Russia and China have been buying their whole gold production in local gold backed currency instead of money printing machines. In other words, US has lost controls of the precious metals complex, and with Trump’s infrastructure and tax cut campaign the National debt will soon be at, or over 30 trillion dollars, since D.C. swamp alligators have no intention dropping their pet projects. Read “Ziban Must Die” for more details on the coming collision of Trump’s administration with “Deep State” operators funded by the billionaires’ supporters of the New World Disorder.
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