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Trump Tweetstorm Promises Full Hacking Report In 90 Days, Slams "Guilty As Hell" Hillary
"Hillary Clinton should never have been allowed to run - guilty as hell... Totally made up facts by sleazebag political operatives, probably released by "Intelligence" even knowing there is no proof, and never will be... The "Unaffordable" Care Act will soon be history!"
Moments ago DBRS announced that, just as warned earlier in the
week, the rating agency stripped Italy of its last A-rating, when it
downgraded italy from A (low) to BBB (high), in the process raising the
cost of borrowing ECB funds for the country's struggling lenders.
Following the biggest jump in US crude production since May 2015, the US oil rig count trend continues to point to further rises in production. However, the US oil rig count tumbled most since June (-7 to 522) in the latest week.
"The Justice Department announced today that it has found reasonable cause to believe that the Chicago
Police Department (CPD) engages in a pattern or practice of using
force, including deadly force, in violation of the Fourth Amendment of
the Constitution. In addition, the department also identified serious concerns about the prevalence of racially discriminatory conduct by some CPD officers."
More BULLSHIT and LIES...and the Sheeplez will probably believe it...
International investigators have said for the first time that
they suspect President Bashar al-Assad and his brother are responsible
for the use of chemical weapons in the Syrian conflict. As the use of
chemical weapons is banned under international law and could constitute a
war crime, any naming of suspects could lead to their prosecution
A day after the EPA announced their probe of Fiat Chrysler's alleged "cheating" over diesel emissions tests, the company now faces criminal charges as the US department of Justice has joined the probe.
With the mainstream media crowing proudly of the record 14-day winning-streak in Britain's FTSE 100 stock index (up 18 of the 19 days since The Fed hiked rates), we thought it worth a look at just what is going on in good ol' blighty...
The vast majority of market participants are showing a surprising lack of flexibility and adaptability when it comes to the Trumpflation trade. As Bloomberg's Mark Cudmore warns, they may regret it.
Volkswagen has warned its senior managers not to travel to the
United States after six current and former managers were indicted for
their role in the German carmaker's diesel test-cheating scheme. The
company is worried the US may arrest its employees, after US AG Loretta
Lynch said the DoJ would continue to pursue "the individuals responsible
for orchestrating this damaging conspiracy."
Potential Winners: Companies with a majority
of their input costs contained within the U.S; Potentially lower tax
rate of 20% on sales and full deduction for input costs; U.S. Exporters:
as export revenues are not subject to U.S. tax.
Potential Losers:Products,
services, and intangibles imported into the U.S.; Automakers, Oil and
Gas, to Retailers can be impacted; U.S. Multinationals that have relied
on aggressive tax planning to shift earning overseas.
ALL... of the Largest Banks are "Economic Terrorists"...Especially...Central Banks...
Just look at the Derivatives on their books...
Deutsche Bank’s Turkish unit rejected claims that it’s plotting
to undermine the economy, and said it’s “unacceptable” for the lender’s
name to be associated with terrorism. The statement came after the
daily Yeni Safak accused Deutsche Bank and other German institutions of
“economic terror” against Turkey by recalling loans to companies before
their their due dates.
If there is any economic assumption that goes unquestioned,
it's the notion that profits will remain robust for the foreseeable
future. This assumption ignores the tidal forces that are now flowing against profits.
After surging to 12-year highs in December, following Trump's election victory, UMich consumer sentiment faded in January and missed expectations (98.1 vs 98.5 exp). While inflation outlooks picked up modestly off record lows, economic 'expectations' - hope - dipped from 89.5 to 88.9 as the Trump Bump appears to have stalled.
One month ago, Freddie Mac warned that as mortgage rates
continue to surge, "expect mortgage activity to be significantly subdued
in 2017." Wells Fargo did not have to wait that long, and as shown in
the chart below, the biggest US mortgage lender is slready suffering.
Breaking the rules... often and freely...
"The technical evidence contained in the reports doesn’t stand up to scrutiny. This is a crude fake. It’s obvious that the intelligence agencies are deliberately falsifying evidence."
In December, the price of gasoline and heating surged,
brokerage fees jumped, and everything else was largely in line as
airplane tickets dropped while the price of fruits and melons tumbled.
Yesterday's confidence data showed a retracement in the 'Trump Bump' and now, just as BofA had predicted, US Retail Sales disappointed across the board in December.
In a report that was somewhat similar to that of Bank of
America, JPM reported Q4 revenues of $23.4 billion, beating estimates
of $23.1 billion, on EPS of $1.71, far higher than the expected $1.42,
which however like in the case of BofA was due to a cut in expenses,
which came in at $6.87 billion, far below the $7.2 billion, suggesting
even greater expense - i.e. compensation - reductions.
The left goes nuts when a private company is contractually obliged to use its own money to pay off a failed CEO. But
when left-wing politicians collude with their public union supporters
to rack up unpayable pension bills in the trillions, we get... crickets.
Bank of America Corp. said Q4 profit rose 43% as revenue rose
less than expected, however offset by rising cost-cuts. Q4 EPS of $0.40,
beat expectations of $0.38 despite missing on the top line, reporting
revenues of $20.22bn, below consensus of $20.89bn, as trading revenues
missed dragged lower by FICC revenue of $1.96bn which missed estimates
of $2.12bn.
European shares rose as Fiat rebounded on hopes concerns about
parallel to Volkswagen are overblown, Asian stocks were little as
Chinese shares fell to the lowest level of 2017 after poor export data,
and U.S. equity-index futures rose ahead of a deluge of bank earnings.
The dollar is headed for a weekly loss and gold trades at the highest
price in almost two months.
Welcome to “everyone I disagree with works for Putin,” the UK version.
"3% is basically the beginning of the end...
as the business cycle ages, in 2019, 2020 when we could anticipate we
might have another recession, that there will be another deflationary
burst that will bring rates back down if we do get above 3%, but we
haven't violated that trend yet."
A pair of articles by the Financial Times offers quite the take on disinformation hypocrisy. Worse yet, to stop the spread of fake news, the FT editorial board wants restrictions on freedom of speech.
Only a few days after Trump’s inauguration ceremony, the U.S.
National Debt will creep across the important psychological barrier of
$20 trillion. It’s a problem that’s been passed down to him, but it certainly puts the incoming administration in a difficult place.
The “fog of war” erupts in the
confusion caused by the chaos of war. And in the media, it’s an
intentional phenomenon that makes it difficult to separate fact from
fiction. While the battles over war narratives evolve, they all have a common goal: to distort reality on the ground.
How America became 'exceptional'...
This week as Obama gave his self-preening farewell to the nation speech, thousands of new US troops and tanks were dispatched to buttress NATO forces already at unprecedented levels in Germany, Poland and the Baltic states. Only in America, is a warmongering president feted as a 'peace leader'. Whereas his successor, Donald Trump who will be inaugurated next week, is pilloried as a traitor because he has dared to call for restoring better relations with Russia.
With gas prices soaring in Mexico, drug cartels have found a
new, and very profitable, black market to exploit: stolen gasoline. With
a modest upfront capital investment of just $5,000 - $8,000, cartels
have discovered they can tap directly into state-owned pipelines and
steal all the supply they need which has created a booming black market.
Unfortunately the people of this country are not educated, by
their schools, press or even their favorite websites to realize what has
been done, how truly horrible it is, and how based it all is on lies. Fake news is the order of the day. Up
is down, black is white, Russia is the aggressor, the U.S. is the
victim. The new president must be a team-player, and for God’s sake,
understand that Putin is today’s Hitler... or else.
The New York Times would like for you to know that,
after attending the annual meeting of the American Economic Association
where they sat in on multple presentations on the economic impacts of
minimum wage, they can now confirm what most of us have known for most
of our adult lives, namely that basic economic supply/demand models actually work.
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