” While we will have more to say about the disastrous December TIC data shortly, which was released early today, and which showed a dramatic plunge in foreign purchases of US securities in December – the month when the S&P soared to all time highs and when everyone was panicking about the 3% barrier in the 10 Year being breached and resulting in a selloff in Tsy paper – one thing stands out. The chart
below(above) shows holdings of Chinese Treasuries (pending revision of course, as the Treasury department is quite fond of adjusting this data series with annual regularity): in a nutshell, Chinese Treasury holdings plunged by the most in two years, after China offloaded some $48 billion in paper, bringing its total to only $1268.9 billion, down from $1316.7 billion, and back to a level last seen in March 2013! “
Not exactly confidence inspiring Barack , especially when you consider that the Japanese shed billions in US treasuries in December as well . Read more at Zero Hedge .
” Six European far-right parties joined forces Thursday to combat immigration and European bureaucracy ahead of 2014 elections, French newspaper Liberation reported.
The parties, which include France’s Front National, are teaming up against two common enemies: Brussels and Islam, the newspaper said. The Netherlands’ PVV, Belgium’s Vlaams Belang, Italy’s Liga Norte, Swedish democrats and Austria’s Freedom Party met at a hotel in Vienna to discuss the outlines of their collaboration.
The meeting happened in secret so as not to attract the attention of possible demonstrators, the paper said, and to be able to devote their time to strategizing about the future of the far-right in Europe.
But Andreas Molzer, the organizer of the meeting and an Austrian member of the European Parliament, confirmed the meeting took place. “The points that unite us are more important than those that separate us,” he told Liberation.”
The “extreme right” of Europe seems to be very similar to the Tea Party on this side of the pond . In typical leftist controlled media fashion those with a divergent viewpoint must be “extreme” . More power to the nationalists . Who really wants their country to be turned into Islamic slums even as the original citizens are forced top foot the bill ?
Having a laugh: Two old friends share a few jokes while smoking their pipes in Vietnam captured by Huu Hung Truong
” These stunning pictures represent just a handful of the thousands of entries submitted to the 2013 Sony World Photography Awards – with this year’s competition looking set to become one of the most impressive to date.
From brilliant nature shots to moving real life portraits, photographers both amateur and professional have submitted the very best of their work in the hope of scooping some of the $30,000 (£19,000) of prize money on offer.
And it’s not too late to enter. Anyone can submit a picture but with just a week left until the deadline, the judges are keen that nobody should miss out on the chance to win. “
Wallflower: A member of Ethiopia’s Hamer tribe shows off her brilliantly colourful costume as she poses for Belgium photographer Pascal Mannaerts in Harar, a Muslim enclave in the very Christian Ethiopia