The Traderszone Network

Eerily reminiscent of the determinedly evil oil baron from the movie ‘There Will Be Blood’, Reuters reports the growing tensions amid California’s drought-stricken wineries are boiling over: “There is way too much demand. I blame a lot of vineyards like other people do… It’s a matter of who has the longest straw at the bottom of the bucket.” No one should worry though, because the government is here to help – with a new water management agency…

read more

More and more insiders are warning of a potential systemic event.

The first sign of real trouble concerned a number of investment legends choosing to close shop and return investors’ capital.

The first real titan to bow out was Stanley Druckenmiller. Druckenmiller maintained average annual gains of nearly 30% for 30 years. He is arguably one of if not the greatest investor of the last three decades.

In 2010, he chose to close shop, foregoing billions in management fees.

read more

Cigna’s board of directors rejects a $47.5 billion takeover offer from Anthem, saying in a letter they are “deeply disappointed” in Anthem’s actions.
read more

Submitted by John Browne via Euro Pacific Capital,

read more

Anthem’s offer for smaller rival Cigna is part of a daisy chain of potential deals in the health insurance sector. Cigna Chairman Isaiah Harris, Jr. and Chief Executive David Cordani wrote a letter to Anthem’s board outlining reasons why the company was rejecting Anthem’s stock and cash offer. Anthem, the second-largest U.S. health insurer, said in a statement on Saturday that had made four offers for Cigna in June.

Cigna once again rejected a merger bid by Anthem, saying it wasn’t enough.

Ron Paul articulates the gripes many people have with the Fed. So why isn’t the market listening?