Submitted by Tyler Durden on 03/28/2016 - 12:58
“We [now] know why Hillary Clinton falsely suggests she didn’t use clintonemail.com account prior to March, 18, 2009 — because she didn’t want Americans to know about her February 13, 2009, email that shows that she knew her Blackberry and email use was not secure.”
It's Official: The Oil Surge Was Driven By The Biggest Short-Squeeze Ever
Submitted by Tyler Durden on 03/28/2016 - 13:21 It is now official: as crude soared 50% since Feb. 11, Bloomberg writes, the number of bets on increased prices has barely budged. "Instead, the upward pressure on prices appears to have come from traders cashing out of bearish wagers at an unprecedented pace. The liquidation of short positions during the last seven weeks covered by data from the U.S. Commodity Futures Trading Commission was the largest on record."
Bid To Cover Plunges, Foreign Central Banks Flee From 2 Year Auction
Submitted by Tyler Durden on 03/28/2016 - 13:10 On the surface, today's 2Y auction was not too bad: pricing at a 0.877% high yield, this stopped 0.5 bps through the 0.882% When Issued. That was as good as it got, because the internals were a disaster: the Bid to Cover plunged from 2.907 to just 2.578, the lowest BTC since Dec 2008 and clearly well below the 12TTM average of 3.17. Almost as if investors are no longer too sure in the short end... which makes sense: neither is the Fed, at least until it too unleashes NIRP.
California Says To Hell With Economics, Will Hike Minimum Wage To $15/Hour
Submitted by Tyler Durden on 03/28/2016 - 10:21 "It's good for workers, but I imagine this is not going to be good news for employers and small businesses Will the cost of things go up? Are employers going to cut back hours because they can't afford it? I worry" -- Miguel Sanchez, tortilla makerIs This Fed President An Idiot? Read These Two Headlines And Decide
Submitted by Tyler Durden on 03/28/2016 - 12:37
The Hits Just Keep On Coming: Valeant CEO To Tesity Under Oath, Following Accusation Of Merger Agreement Violation
Submitted by Tyler Durden on 03/28/2016 - 12:24 It's been a terrible month for investors in Valeant (and Pershing Square) and it is about to get even worse following news that the outgoing CEO of the troubled company, which is under scrutiny for dramatically hiking the price of older drugs, has been summoned to testify at a U.S. congressional hearing on April 27, the panel said on Monday.
Don't Blame It All On Donald Trump
Submitted by Tyler Durden on 03/28/2016 - 12:05 In this “election” season, many remain shocked that a leading candidate for the presidency is a demagogue with a visible authoritarian side and what looks like an autocratic bent. All such labels are pinned on Donald Trump, but the new American system that’s been emerging from its chrysalis in these years already has just those tendencies. So don’t blame it all on Donald Trump. He should be far less of a shock to this country than he continues to be. After all, a Trumpian world-in-formation has paved the way for him.
WTF Chart Of The Day: Without "Pajama Traders", Stocks Have Gone Nowhere In 11 Years
Submitted by Tyler Durden on 03/28/2016 - 11:48 There appears to be two sure-fire ways to make money in these 'efficient' markets - Buy before The Fed speaks... or trade 'em after midnight. The so-called "pajama traders" may be on to something after all?
Q1 GDP Crashes To 0.6%: Latest Atlanta Fed Estimate
Submitted by Tyler Durden on 03/28/2016 - 11:30 Earlier today we said that following today's abysmal January spending data revision, "the Atlanta Fed will have no choice but to revise its Q1 "nowcast" to 1.0% or even lower, which would make the first quarter the lowest quarter since the "polar vortex" impacted Q1 of 2015, and the third worst GDP quarter since Q4 2012. It means one-third of already low Q1 GDP growth has just been wiped away."It was "even lower."
If There Were Truly Growth, Home Builders Would Be Very Busy
Submitted by Tyler Durden on 03/28/2016 - 11:27 There is one part missing from the narrative sketched out in home resales being subjected to monetary imbalance. It is a compelling explanation for what we find as the most striking aspect of existing home sales, namely the curious lack of depth among sellers. It’s as if despite rising prices there is a seller strike where a significant part of what should be that market just will not participate.
Dallas Fed Respondent Sums It Up: "Anyone Saying We're Not In Recession Is Peddling Fiction"
Submitted by Tyler Durden on 03/28/2016 - 10:46 Headlines will crow of the seasonally-adjusted 'beat' of expectations for the Dallas Fed survey (-13.6 vs -25.8 exp) but this is the 15th month in contraction (below 0) - something only seen in recession. Scratching below the surface we see employees, workweek, and capex all in contraction and forward expectations for new orders and employment tumbled. Perhaps that reality is what drove one respondent to rage, "anyone who says the economy is not in recession is peddling fiction."
February Pending Home Sales Surge By Most On Record Amid Midwest Miracle
Submitted by Tyler Durden on 03/28/2016 - 10:12 With stock markets roller-coasting by the most on record, February pending home sales rose 3.5% MoM (seasonally-adjusted) dramatically beating expectations. In fact, sales spiked 29.5% MoM (non-seasonally-adjusted) - the best February spike ever. Price gains have slowed notably, which is being cheered by NAR's Larry Yun, but notably the majority of the sales surge in Feb was driven by an 11.4% spike in The Midwest (biggest since Dec 2008).
How Stupid Do You Have To Be To Let This Happen?
Submitted by Tyler Durden on 03/28/2016 - 09:50 Europe is the birthplace of Western civilization and the source of most of the trends and bodies of knowledge that define modernity. The average European speaks several languages versus sometimes less than one for Americans. They are, in short, a well-schooled people with vast accumulated wisdom. So how do we explain this...
One Third Of Q1 Economic Growth Was Just "Revised" Away
Submitted by Tyler Durden on 03/28/2016 - 09:37 While the February personal consumption expenditures (aka personal spending) - that all important data about the well-being of the US consumer - was in line with expectations rising 0.1%, it was the January revision that was striking. From a 0.5% increase reported a month ago, it was now revised to a paltry 0.1%. In nominal dollar terms, this means that instead of US consumer spending a whopping $67.5 billion more in January, the increase was a paltry $14.7 billion, a delta of $52.8 billion!
Gold Recovers Losses After Overnight "Flash-Crash"
Submitted by Tyler Durden on 03/28/2016 - 09:36 Amid a post-holiday Asian open, gold futures were flash-crashed as someone decided it was an opportune time to trade over $275 million worth of the precious metal. Since hitting those China open lows at $1206, gold has rallied back to unchanged near $1223.
What no financial analyst dares confess is the corporate profits they cheer every quarter have come at a cost that many Americans will soon be unable to bear.
If you work for Corporate America in a managerial or professional capacity, you know all about burnout, because you see it all around you or are experiencing it yourself. Readers describe what they are seeing in the top ranks of S&P 500 corporations, and the stories (anonymous because everyone knows the truth will get them fired/blacklisted) are all about the high personal costs of earning big paychecks by making the numbers–not just revenue but the all-important profits that power the multi-trillion-dollar valuations of U.S. corporations and the stock market that glories in their magnificent and ever-growing profits.
Read More…
by Adam English, Outsider Club:
Social Security is dead.
I hate to say it.
I feel like the Ghost of Christmas Future showing Scrooge his tombstone.
In this case it reads:
SOCIAL SECURITY
Born: August 14, 1935
Died: December 31, 2032
This probably doesn’t come as a surprise to you.
It’s something that’s been widely discussed, and that’s backed by basic math.
Read More
Social Security is dead.
I hate to say it.
I feel like the Ghost of Christmas Future showing Scrooge his tombstone.
In this case it reads:
SOCIAL SECURITY
Born: August 14, 1935
Died: December 31, 2032
This probably doesn’t come as a surprise to you.
It’s something that’s been widely discussed, and that’s backed by basic math.
Read More
by Rory, Solari:
“The Presidency of the United States is not an entry level position.” ~ Don Coxe.
Donald Trump is now enjoying on the job training under the white lights of the governance system in the United States. Governance is a very different place than campaigning.
Trump showed up at the Washington Post with part of his foreign advisory team to speak with the editorial board. His team included retired Lieutenant General Keith Kellogg. Kellogg joined Oracle after leaving the military, then served with Paul Bremmer in Iraq and then went to CACI. The first description I read said he was a Vice President of CACI.
Continue reading Trump’s & Clinton’s High Negative Approval Ratings Likely to Go Higher
“The Presidency of the United States is not an entry level position.” ~ Don Coxe.
Donald Trump is now enjoying on the job training under the white lights of the governance system in the United States. Governance is a very different place than campaigning.
Trump showed up at the Washington Post with part of his foreign advisory team to speak with the editorial board. His team included retired Lieutenant General Keith Kellogg. Kellogg joined Oracle after leaving the military, then served with Paul Bremmer in Iraq and then went to CACI. The first description I read said he was a Vice President of CACI.
Continue reading Trump’s & Clinton’s High Negative Approval Ratings Likely to Go Higher
from Natural News:
..the
[CDC] co-authors scheduled a meeting to destroy documents related to
the [MMR vaccine] study. The remaining four co-authors all met and
brought a big garbage can into the meeting room and reviewed and went
through all the hard copy documents that we had thought we should
discard and put them in a huge garbage can.” (William Thompson, CDC researcher) (Story by Jon Rappoport, republished from JonRappoport.WordPress.com).
On July 29, US Congressman Bill Posey made his last stand on the floor of the House.[1] Granted five minutes to speak, he laid bare the lying of the CDC in a now-famous 2004 study that exonerated the MMR vaccine and claimed it had no connection to autism.
“No connection to autism” was the lie.
Read More
..the
[CDC] co-authors scheduled a meeting to destroy documents related to
the [MMR vaccine] study. The remaining four co-authors all met and
brought a big garbage can into the meeting room and reviewed and went
through all the hard copy documents that we had thought we should
discard and put them in a huge garbage can.” (William Thompson, CDC researcher) (Story by Jon Rappoport, republished from JonRappoport.WordPress.com).On July 29, US Congressman Bill Posey made his last stand on the floor of the House.[1] Granted five minutes to speak, he laid bare the lying of the CDC in a now-famous 2004 study that exonerated the MMR vaccine and claimed it had no connection to autism.
“No connection to autism” was the lie.
Read More
from Hot Air:
The
Democratic Party is the party of the workingman and the
underprivileged, where talk about race relations, income inequality, and
the 2016 election are front and center if you can afford to
come to the party. Lucky contenders will have the high privilege of
sitting next to the former first lady and the Clooneys if you have
$353,400 on you. You also qualify if you have raised that amount as
well. The event will be at the home of venture capitalist Shervin
Pishevar in the San Francisco Bay Area. Another fundraiser event with
the Clooneys and Clinton will occur on April 16 at a $33,400-a-ticket
event in their mansion in Los Angeles (via Politico):
Read More
The
Democratic Party is the party of the workingman and the
underprivileged, where talk about race relations, income inequality, and
the 2016 election are front and center if you can afford to
come to the party. Lucky contenders will have the high privilege of
sitting next to the former first lady and the Clooneys if you have
$353,400 on you. You also qualify if you have raised that amount as
well. The event will be at the home of venture capitalist Shervin
Pishevar in the San Francisco Bay Area. Another fundraiser event with
the Clooneys and Clinton will occur on April 16 at a $33,400-a-ticket
event in their mansion in Los Angeles (via Politico):Read More
from Daily Mail:
Japan stopped using the MMR vaccine seven years ago – virtually the only developed nation to turn its back on the jab.
Government health chiefs claim a four-year experiment with it has had serious financial and human costs.
Of the 3,969 medical compensation claims relating to vaccines in the last 30 years, a quarter had been made by those badly affected by the combined measles, mumps and rubella vaccine, they say.
Read More
Japan stopped using the MMR vaccine seven years ago – virtually the only developed nation to turn its back on the jab.Government health chiefs claim a four-year experiment with it has had serious financial and human costs.
Of the 3,969 medical compensation claims relating to vaccines in the last 30 years, a quarter had been made by those badly affected by the combined measles, mumps and rubella vaccine, they say.
Read More
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