Another "Recession Dead Ahead" Indicator Just Hit...

Dear Janet, explain this...

Another 'Hard' Data Disappointment: US Industrial Production Misses, Stagnant In February

After a brief jump in December, US industrial production was unchanged in February (thanks to tumble in utilities which offset modest manufacturing gains). Industrial Production peaked in the US in Nov 2014, as the US equity market took off after the end of QE3.

Trump Slams North Korea For "Behaving Very Badly", Blames China

"North Korea is behaving very badly. They have been "playing" the United States for years. China has done little to help!"

White House Makes Formal Apology To Britain Over Spying Accusation

The White House has assured UK Prime Minister Theresa May that it will not repeat claims that GCHQ spied on Donald Trump, a spokesman for Downing 10 said. "We've made clear to the administration that these claims are ridiculous and they should be ignored and we've received assurances that these allegations will not be repeated."

From Nuisance to Threat: The High Cost of Truth — Paul Craig Roberts

by Paul Craig Roberts, Paul Craig Roberts:
When one gives so much scarce time and energy from one’s life to a large and unknown public, one needs to know that it is sufficiently appreciated to be a worthwhile use of one’s time and energy. This is especially the case when there are large costs associated with the commitment.
Your response to my quarterly request for donations showed me that enough of you value what I am doing to justify its continuation.
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"We'll Blow Your Mind": Turkey Threatens Europe With "15,000 Refugees Per Month"

"If you want, we could open the way for 15,000 refugees that we don't send each month and blow the mind of Europe" Turkey's interior minister Soylu threatened Europe in a speech late Thursday. "Europe, do you have that kind of courage."

EURUSD Tumbles As Le Pen Support Jumps

Given the collapse of European VIX to record lows, one could be forgiven for thinking that there's nothing to worry about. However, a one point jump in first-round support for French far-right presidential candidate Marine Le Pen has sparked a notable drop in EURUSD this morning.

Furious British Spy Agency Slams "Utterly Ridiculous" Claim It Wiretapped Trump

"Recent allegations made by media commentator Judge Andrew Napolitano about GCHQ being asked to conduct 'wire tapping' against the then President Elect are nonsense," a spokesman for GCHQ said. "They are utterly ridiculous and should be ignored."

"Military Action Is On The Table": Tillerson Warns "Patience" With North Korea Has Ended

“I think it’s important to recognize that the political and diplomatic efforts of the past 20 years to bring North Korea to the point of denuclearization have failed,” Tillerson said. "Let me be very clear: the policy of strategic patience has ended. We are exploring a new range of security and diplomatic measures. All options are on the table."

Quiet Start To Quad-Witching St. Paddy's Day: Futures Flat, Global Stocks Mixed

A quiet start to today's quad-witching St. Patrick's day, with European stocks mixed, Asian shares and U.S. index futures (-0.1%) little changed ahead of industrial production data with just Tiffany's set to report earnings.

1.4 Trillion Reasons Why Today's 'Quad Witch' Could Matter

In 2015, options expirations mattered - stocks would tear higher into the event and like clockwork sink back lower after. 2016 was not so obvious but the all-important 'quad-witch' expirations still had some bias. However, if JPMorgan's equity derivative strategists are right, tomorrow's 'quad-witch'  - with $1.4 trillion worth of S&P 500 notional set to expire - could lead to a vicious cycle higher in volatility going forward.

Deported Mexicans Vow To Flood Into Canada - Immigrating To "The U.S. Is Over...Now It's Canada's Turn"

"I want to go to Canada with my passport.  For those without documents, I think (the United States) is over. Now it's Canada's turn."

Syrian Army Claims It Shot Down Israeli Jet After Raid Near Palmyra

The Syrian Army said Israeli warplanes targeted Syrian army positions and hit a “military target” near Palmyra in a Friday morning raid, in what it described as an act of aggression that aided Islamic State. In retaliation the jets were targeted by Syrian anti-aircraft missiles with one of the Israeli fight planes shot down.

This A$$hole needs removed from office Immediately...stripped of citizenship and deported...

New York Assemblyman Unveils Bill To Suppress Non-Government-Approved Free Speech

"...the deeper problem with the bill is simply that it aims to censor what people say, under a broad, vague test based on what the government thinks the public should or shouldn’t be discussing..."

"This Is Not The Reaction The Fed Wanted": Goldman Warns Yellen Has Lost Control Of The Market

Q: Do you think the FOMC was aiming for this outcome?
A: No, almost certainly not.

Turkish Foreign Minister: "Religious Wars Will Start Soon In Europe"

"There is no difference between the mindsets of Geert Wilders and social democrats in the Netherlands. They all have the same mindset...that mindset is taking Europe to the cliff. Soon wars of religion may and will start in Europe."

U.S. Army Launches "Jungle Warfare Training" Camp

Forgotten Interview Reveals How Russia Really Views Obama's Legacy

"This is what’s going to go down in history for this administration. Let me say it again – they demonstrated that the strongest has the right to create evil."

Populism, Parties, & Politics - European Instability In 1 Simple Map

While Rutte's victory in Holland has the elites and the media proclaiming the populist revolution is dead (despite a surge in Wilders' support relative to mainstream parties), movements driven by Euroskepticism and "anti-establishment" sentiment remain top of mind in all of Europe’s key elections this year.

Will Chrystia Freeland Finally Ruin Canadian-Russian Relations?

What should Canada’s surviving veterans think about the Liberal government sending Canadian advisors to train Kiev’s armed hooligans? "Against Russian aggression," Freeland would no doubt retort. But even MSM journalists in Canada, not as venal as their American counterparts, have derided such talk as "delusional." The question is will the majority of Canadians fall for Freeland’s dangerous Russophobia?

If you have any type of retirement plan with your company...401 k junk etc...this will likely include you...

Are Collapsing Pensions "About To Bring Hell To America"?

"Something massive has been swept up just under the carpet..."

Why Do Leftists And Globalists Hate Tribalism So Much?

Globalists see themselves as social architects, and an architect cannot function if his building materials will not cooperate. Globalism is impotent without the ability to impose will and the ability to undermine practical divisions between ideological opposites. Tribalism in the name of sovereignty and free society is an impassable wall to globalization.

Fantastic News...Time to fight back...Enough is Enough...

LGBT Community Freaks After Restaurant Warns: "No Transgender Bathrooms...Don't Get Caught In The Wrong One"

"We do not have a transgender bathroom.  So don't be caught in the wrong one.  Thank you, Bob"

Maddow: Trump’s ’05 Tax Return Was ‘Sterling’ Because Melania Needed Citizenship

by Steve Watson, Infowars:
Rachel Maddow, the MSNBC host who failed to reveal anything salacious in the president’s leaked 2005 tax return has claimed that Trump’s accounts had to be ‘sterling’ that year, because his wife was attempting to gain citizenship.
Describing her latest conspiracy theory, Maddow said “In 2005, when they got married the year for which this return was filed, Mrs. Trump was not yet a U.S. citizen.”
“She was the holder of a green card, she could work here legally, but she was not a citizen. She didn’t get her citizenship until the following year, in 2006.” Maddow continued.
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Gold & Silver Soar After The Fed’s Clown Show

by Dave Kranzler, Investment Research Dynamics:
Stocks rally as the Fed once again shows how clueless they are at trying to manage the economy. – from @Stalingrad & Poorski
The Federal Reserve’s FOMC predictably nudged the Fed Funds rate up 25 basis points (one quarter of one percent) to set its “target” Fed Funds rate level at .75%-1%. Nine of the faux-economists voted in favor of and one, Minneapolis Fed’s Neil Kashkari, voted against the meaningless rate hike.
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How Auto Sales Are Getting Crushed in Houston

by Wolf Richter, Wolf Street:
First oil & gas, then construction, then new vehicle sales
That the Houston economy – however diversified and huge it may be – got hit hard by the oil bust is an understatement. The oil & gas sector created not only a lot of high-paying jobs, many of them tech jobs, but also kicked off an enormous construction boom in the office sector. A chemical-plant construction boom followed. This came on top of a nationwide healthcare construction boom. The construction industry was on cloud nine!
But now the office sector is drowning in empty space on the sublease market even as new towers are being completed. The chemical-plant construction boom peaked in early 2015. Construction projects are being cancelled and put on hold, and the entire construction sector has collapsed.
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12 Reasons Why The Federal Reserve May Have Just Made The Biggest Economic Mistake Since The Last Financial Crisis

by Michael Snyder, The Economic Collapse Blog:

Has the Federal Reserve gone completely insane? On Wednesday, the Fed raised interest rates for the second time in three months, and it signaled that more rate hikes are coming in the months ahead. When the Federal Reserve lowers interest rates, it becomes less expensive to borrow money and that tends to stimulate more economic activity. But when the Federal Reserve raises rates , that makes it more expensive to borrow money and that tends to slow down economic activity. So why in the world is the Fed raising rates when the U.S. economy is already showing signs of slowing down dramatically? The following are 12 reasons why the Federal Reserve may have just made the biggest economic mistake since the last financial crisis…
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Senators Demand State Department Probe Into Soros Organizations

from ZeroHedge:
Senator Mike Lee (R-UT) and a group of his colleagues are calling on the newly appointed Secretary of State Rex Tillerson to immediately investigate how US taxpayer funds are being used by the State Department and the United States Agency for International Development (USAID) to support Soros-backed, leftist political groups in several Eastern European countries including Macedonia and Albania. According to the letter, potentially millions of taxpayer dollars are being funneled through USAID to Soros’ Open Society Foundations with the explicit goal of pushing his progressive agenda.
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GOLD UP $26.40/SILVER UP 41 CENTS/CHINA SELLS MORE USA TREASURIES

FOREIGN CENTRAL BANKS SELL 45 BILLION USA TREASURIES/PUERTO RICO BONDS ARE PLUNGING AGAIN/TRUMP RELEASES HIS “SKINNY” BUDGET PROPOSAL WHEREBY FELLOW REPUBLICANS STATE THAT IT IS “DEAD IN THE WATER”
from Harvey Organ:
HUGE SQUABBLE BETWEEN REPUBLICAN MCCANN AND REPUBLICAN RAND PAUL: HOW ON EARTH CAN THESE GUYS PASS ANYTHING???
In silver, the total open interest ROSE by 2,620 contracts UP to 189,556 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.948 BILLION TO BE EXACT or 135% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 154 NOTICE(S) FOR 770,000 OZ OF SILVER
In gold, the total comex gold ROSE BY 4677 contracts EVEN WITH THE FALL IN THE PRICE OF GOLD ($1.80 with YESTERDAY’S TRADING). REMEMBER THAT THE OPEN INTEREST READINGS ARE AT THE CLOSE OF COMEX TRADING YESTERDAY. THE HUGE RISE IN THE PRICE OF THE METALS OCCURRED AT 2 PM AFTER THE COMEX CLOSED. The total gold OI stands at 430,847 contracts.
Read More @ Harveyorganblog.com

Trump’s Budget Director: ‘Our $20 Trillion National Debt is a Crisis’

by Terence P. Jeffrey, CNS News:
Mick Mulvaney, who serves as director of President Donald Trump’s Office of Management and Budget, said in a message introducing Trump’s “America First” budget blueprint today that the $20 trillion debt of the federal government is a “crisis” that must be addressed.

Trump’s budget calls for completely eliminating federal funding for numerous agencies—including the National Endowment for the Arts and the Corporation for Public Broadcasting–and refocusing the use of federal tax dollars in order to “redefine the proper role of the federal government.”
“The president’s commitment to fiscal responsibility is historic,” Mulvaney said in his statement. “Not since early in President Reagan’s first term have more tax dollars been saved and more government inefficiency and waste been targeted.
“Every corner of the federal budget is scrutinized, every program tested, every penny of taxpayer money watched over,” said Mulvaney.
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Death, Debt, Devaluation and Taxes

by Gary Christenson, Deviant Investor:
Death: It comes to all of us, including empires, paper currencies and countries.
Debt: The world is drowning in debt – $150 to $200 trillion. The U.S. government is sinking into a black hole of debt – $20 trillion official and another $100 – $200 trillion in unfunded obligations. Total U.S. debt securities exceed $40 trillion according to the St. Louis Federal Reserve.
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First Footage Of Suicide Bombs In Damascus; West, GCC Trying To Send A Message To Syria Ahead Of Peace Talks

by Brandon Turbeville, Activist Post:
As terrorists in Syria celebrated their six-year anniversary of being pawns of the West, GCC, and Israel, the celebration was apparently capped off with suicide bombings throughout Damascus, including a court house where Syrians had gathered to sign marriage papers.
At least thirty people were killed at the Palace of Justice and sixty others were wounded when a terrorist detonated his explosive vest.
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