Wednesday, January 11, 2017

Trump Slams BuzzFeed As "Failing Pile Of Garbage", Tells CNN "You Are Fake News"

Moments after Donald Trump called BuzzFeed a "failing pile of garbage" Trump lased out at CNN's Jim Aacosta, telling him that "your organization is terrible. You are fake news." 

Trump Unveils 'Conflicts Of Interest' Solution: No Divestment, Hands Business Over To Sons And "Ethics Officer"

"I could actually run my business and run government at the same time.  I don’t like the way that looks, but I would be able to do that if I wanted to.  Over the weekend, I was offered $2 billion to do a deal in Dubai with a very, very amazing man, a great developer from the Middle East.  I turned it down."

Fire Breaks Out At The Watergate

In what may be a very symbolic, if not necessarily humorous flame out, D.C. Fire and EMS are working to put out a blaze Wednesday afternoon in the Watergate complex. The fire is on the 13th floor at a building in the 700 block of New Hampshire Avenue NW, officials said. Several floors have smoky conditions.

To RBC, This Is The Single Largest Risk To The Market Right Now

The US Dollar is the “grand unifying theory asset” for nearly any and all “profile” global macro or thematic equities trades in the marketplace right now, as it represents investors being long this “new” version of “economic growth.”  As such, performance is significantly tied to the direction in the US Dollar.

Forget Free College! German Green Party Pledges To Pay For 'Pros' For Those Needing "Sexual Assistance"

The happy hookers union will be happy with this proposal: Germany's Green Party pledges to pay for free sex with prostitutes for anyone who needs ‘sexual assistance’ and can’t afford it.

Gold Nears $1200 As The Dollar Tumbles To 2017 Lows

Gold is now up almost 4% year-to-date, approaching $1200 - 8 week-highs - as the USD Index plunges to 2017 lows after Trump's disappointing press conference...

Yuuge 10Y Auction: Stops Through By 1.8bps; Foreign Buyers Surge To 71%

There is only one word to describe today's 10Y auction, which took place just as the dollar was tumbling after the Trump press conference provided virtually no detail on his fiscal stimulus plans, sending all risk assets lower: "Yuuge."

Trump Presser Ends, Details Underwhelm: Gold Gains As Dollar, Dow, & Drug Stocks Drop

The USD Index whipsawed higher and lower as Trump teased and un-teased comments on trade policies, only to tumble to the day's lows by the end. This rippled through risk assets, leaving gold higher, stocks lower, peso higher (after initial crashing), but idiocyncratic issues slammed drug stocks, and aircraft makers.

CNN Responds To Trump's "Fake News" Attack

"CNN's decision to publish carefully sourced reporting about the operations of our government is vastly different than Buzzfeed's decision to publish unsubstantiated memos. The Trump team knows this. They are using Buzzfeed's decision to deflect from CNN's reporting, which has been matched by the other major news organizations"

Protests In Mexico Push Country To Brink Of Revolution And Nobody's Talking About It

"...a lot of people think it’s only the gasoline prices, but the price of gas is just the straw that broke the camel’s back. It all started with Ayotzinapa..."

These Are The Top Global Risks For 2017 According To The World Economic Forum

Dollar Rebounds As Trump Talks Trade: "Major Border Tax" Is Coming

"There will be a major border tax on these companies that are leaving and getting away with murder and if our politicians had what it takes they would've done it years ago.''

NYT Accuses CNN, BuzzFeed Of Peddling "Fake News" Over Russia Report

"Of particular interest was the use of unsubstantiated information from anonymous sources, a practice that fueled some of the so-called fake news — false rumors passed off as legitimate journalism — that proliferated during the presidential election."

VIX Jumps, Stocks Dump As Trump Fails To Discuss Stimulus

Drug stocks, Boeing, Lockheed, and automakers under pressure but the whole market appears to be derisking as Donald Trump's press conference which so far has not had any discussion of a border tax, a stimulus, or anything else dollar positive which risk bulls had expected.

Pharma Stocks Crash Most Since Brexit After Trump Warns Drug Companies "Getting Away With Murder"

After six straight days higher and the best start to a year ever, Biotech/Pharma stocks were just crashed lower on the heels of comments from president-elect Trump promising more competitive drug pricing.

Peso Crashes Above $22/$ As Trump Starts

Not entirely unexpected as Trump discusses building "big big factories" in America...

Tillerson Protests Break Out As Chants Of "Reject Rexx" Fill D.C.

Before Rex Tillerson's Senate confirmation hearing even got started this morning, America's disaffected, Hillary-supporting snowflakes took to the streets of Washington D.C. in protest of his inevitable appointment as Secretary of State.  If only they could work so hard at finding a job it would be easy to "Make America Great Again."

Trump Team Slams Buzzfeed, CNN's "Sad, Pathetic Attempt To Get Clicks" - Press Conference Live Feed

"For all the talk lately about 'fake news,' this political witchhunt by some in the frankly shameful & disgraceful.... Highly irresponsible for a left-wing blog... to drop highly salacious and flat out false information on the Internet."

Crude Dumps'n'Pumps Despite Massive Inventory Builds, Biggest Jump In Production In 20 Months

After last week's massive product builds (and crude draw), API suggested additional builds ahead of DOE data which confirmed even bigger than expected builds in Crude, Gasoline, and Distillates. WTI gapped lower on the print then accelerated lower as US crude production rose by the most since May 2015. Then the algos decided it was time to rip oil prices higher (perhaps on indications of stronger demand)...

McCain Admits He Gave Dossier Containing "Sensitive Information" On Trump To The FBI

"Late last year, I received sensitive information that has since been made public. Upon examination of the contents, and unable to make a judgment about their accuracy, I delivered the information to the director of the FBI. That has been the extent of my contact with the FBI or any other government agency regarding this issue."

Tom DeMark Says Put Your "Dow 20,000" Hats Away

"We’ve been confident the last three weeks we would not break 20,000... it’s so unanimous, it’s almost as if the election were being replayed within the market. Everyone’s confident the market’s going to break 20,000. If it does break, it may go quite a bit higher. But I don’t think it’s going to happen.”

Rex Tillerson Confirmation Hearing: Live Webcast

Tillerson's confirmation hearing, in which the former Exxon CEO will seek to distance himself from Putin and say that Russia "must be held accountable for its actions" adding that "Russia today poses a danger, but it is not unpredictable in advancing its own interests." begins at 9am Eastern, and can be watched below.

“Most Transparent Admin Ever”: Team Obama Busy Destroying Public Records Before Leaving Office

by Mac Slavo, SHTF Plan:
History is routinely made in the White House – and just as routinely destroyed as well.
And though it is criminal and indicates the larger crimes of the deep state, it comes as no surprise.
If these reports are any indications, the shredders in President Obama’s White House are busier now than they were even during the height of the Enron scandal – where reporters found evidence of document destruction by the truckload.
Given that the previous Bush and Clinton Administrations also engaged in a purge of damning information, there is every reason to suspect that the Obama Administration – which the president absurdly touted would be the “most transparent administration in history”
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Barack Obama’s World is Collapsing

by Grete Mautner, New Eastern Outlook:
Looking at Obama’s last days in office one could not help but remember the famous line written by William Shakespeare: “Something is rotten in the state of Denmark.”
It seems that only now the Obama administration has gotten hold of the fact that the Democrats have lost the election and they won’t be around in the next four years to boss people around. At the same time, the next administration is not simply planning to adjust the policies that were pursued by Barack Obama, it’s going to radically change them. Against this backdrop, the still sitting US President has changed the approach to his successor so radically that it looks like he’s in a static of panic.
The most striking example is the recent UN Security Council, where the United States, much to everyone’s surprise, failed to veto a resolution that would condemn Israeli settlements in the Palestinian territories. At this point, a Former Congressman and radio talk show host Joe Walsh said that Barack Obama must be a secret Muslim, since it’s the only reasonable explanation of the unexpected hard stance that Washington has taken on Israel.
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The Secret of Wealth Preservation – Jeff Nielson

by Jeff Nielson, Sprott Money:
We have a failure to communicate. The vast majority of the investment public in the Western world has no understanding – at all – about how to preserve and protect their wealth. Of the minority of the investment community with some understanding of wealth preservation, almost invariably it is a flawed understanding.
Understanding wealth preservation begins with having a detailed and correct understanding of “money”. Understanding money begins with correctly comprehending the difference between money and (mere) currency. Currency is merely a medium of exchange. It serves no other function and implies no other properties/qualities. What we have in our wallets is mere (fiat) currency.
Money, on the other hand, is a store of value – meaning it preserves and protects our wealth. A simple historical example illustrates this principle. Two thousand years ago during the Roman Empire; with a 1-oz gold coin, a gentleman of that era could purchase the finest suit of clothing: a high-quality toga, belt and sandals.
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Trump Is Inheriting An America That Has Been Conquered from Within (Pt 1)

by Dave Hodges, The Common Sense Show:
There is a conspiracy that is so widespread and so in-depth that Donald Trump has very little chance of forging a strong working relationship with Congress. This conspiracy is so complete, so very thorough that the presence of the conspiracy is ubiquitous. This conspiracy dominates several quasi-political organizations, which in turn have compromised the patriotism of so many key members of the American political landscape.
I have frequently asked the question, how could Congress support so many things that are so bad for the country that these politicians have to live in? If you have wondered the same thing, you are about to find out why in this multi-part series about how America has been conquered from within.
Through this multi-part series, I will demonstrate how American politics, socio-political think tanks, the entertainment industry, much or our post-secondary agenda and our national security state have been perversely compromised.
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What’s Going on with the Banks? Citi Cuts Goldman to “Sell,” after Goldman Cut Citi to “Neutral”

by Wolf Richter, Wolf Street:
But bank stocks have skyrocketed over the past three months.
Citigroup hit back at Goldman Sachs, after Goldman Sachs had slammed Citigroup in September. Citi analyst Keith Horowitz, in a note to clients, downgraded Goldman from the already dismal “hold” to a rare “sell” rating, citing Goldman’s valuation. He said Goldman would need an additional $4 billion in full-year revenues above current estimates – which, according to Reuters, are pegged at $32.3 billion – to get to a return on equity (ROE) that would justify the valuation.
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