Friday, March 3, 2017

"This Is Either The Most Elaborate Cover-Up Of All Time, Or The Dumbest"

"If Mr. Sessions was trying to cover up some dark Russian secret, he’s the Jim Carrey of cover-up artists."

Meet The Russian Ambassador At The Center Of The Sessions' Scandal

Michael Flynn, Jared Kushner, Carter Page and, of course, Jeff Sessions, they all have something in common: they all met the Russian ambassador in the US, Sergey Kislyak. Here is a look into the career diplomat behind the name.

SNAP Surges Above $40 Billion - Bigger Than Ebay Or Sony

Desperate buyers  - fearful of missing out on the next Facebook - are panic-bidding Snap's stock price this morning. Up 17% to $29 the cash-losing company is now worth almost $41 billion - more than Ebay or Sony...

The Fed Is Preparing $1 Trillion In QE For The Next Recession: Deutsche

"Using the results from the Fed staff's work, and assuming that there results can be extended linearly, a recession that is half as severe would require the Fed to undertake a $1tn QE program in 2020."

Why Is The Cost Of Living So Unaffordable?

Strip away the centralized power that protects and funds cartels, and prices would plummet.

Mexican Congressman Climbs US-Mexico Border Fence To Illustrate Its "Absurdity", Confirms Need For Wall

A Mexican congressman went to great lengths, and well, heights, to climb the US-Mexico border fence to illustrate why - in his opinion - President Trump's controversial U.S.-Mexico border wall is "unnecessary" and "totally absurd." Ironically by climbing the fance, he only made Trump's point about a wall that much more relevant.

How Trump Changed The Market: Goldman Explains

Investors stopped hedging...

US Services Economy Hits 15-Month Highs And 5-Month Lows: "Companies Are Becoming More Cautious"

A warning clue rests with the business expectations index, which indicates that business optimism has mellowed back to its pre-election level, suggesting that companies are becoming more cautious with regard to spending and hiring."

In Ominous Sign For Fed, Bond Traders Are Betting On Flatter Curve After Rate Hike

Ominous trend was spoted in the longer-end of the yield curve, where as Bloomberg's Tanvir Sudhu writes "those in the options market seem skeptical about higher longer-term interest rates."

VIX Panic-Sellers Fail To Stabilize Stocks

The ubiquitous VXtermination algo at the open did manage a modest jump in stocks, but that is fading fast now even as they push protection costs ever lower...

Deutsche Bank Stock Slides On Capital Boost Plans

After some strength in Europe overnight, Deutsche Bank shares are tumbling this morning after reports that the world's most systemically dangerous bank plans to review strategic options over coming weeks that include a capital increase and the partial sale of its asset management business.

Trump's Crackdown On Leaks Unleashes "Paranoia", More Leaks

"There is a climate of intimidation, not just about talking to reporters, but also about communicating with colleagues. The atmosphere has become toxic, and that is not conducive to the work."

Wall Street Analysts Throw Up On Snapchat IPO Euphoria As Comcast Invests $500 Million

"Euphoria could cause short-term disconnect between fundamentals and valuation; longer-term we struggle to see SNAP as an investment with meaningful upside potential from current levels”

Peso Surges, Dollar Tumbles After Wilbur Ross Comments

The Mexican Peso surged back below 20/$ this morning after new Commerce Secretary Wilbur Ross comments on the potential for peso recovery in a "sensible" NAFTA deal. Along with comments on Germany and Euro weakness, Ross also sent the USD index markedly lower (after 5 straight days higher).

“I’m Sorry We Had To Experience This Today”: Caterpillar CEO Apologizes Over Shock Raid

Caterpillar's new CEO, Jim Umpleby, apologized to the heavy-machinery giant’s employees who witnessed agents executing a search warrant at the company’s facilities. "I’m sorry that we had to experience this today,” he said, calling Caterpillar an "honorable company."

Conflicting French Polls Show Macron In Either First Or Second Place

With the Fillon campaign in shambles, the big winner from the ongoing chaos, at least according to one poll, is the centrist candidate Emmanuel Macron. The former Rothschild banker reportedly consolidated his status as favorite for the French presidency after an opinion poll published by Odoxa showed Macron coming first in the first round, pushing far-right leader Marine le Pen into second place for the first time since the line-up of candidates became clear.

"It's A Witchhunt" - Russia Slams "Malicious Campaign" Waged By Unknown Americans To Damage Ties

With the Russian ambassador's meetings seemingly a daily fixture in the CIA/FBI-leaked NYT or WaPo front page news, Russia warned on Friday that efforts to restore relations with the U.S. are being harmed by a “malicious campaign” waged by unknown Americans over meetings between its envoy to Washington and President Donald Trump’s administration.

All Eyes On Yellen After US Futures, Euro Stocks Rebound On Latest French Polls

World stocks pulled back from all time highs, and European bourses initially followed U.S. futures and Asian shares lower, however both European risk sentiment as well as E-Minis rebounded after an Odoxa poll showed Macron overtaking Le Pen in the 1st round for the first time, and that the addition of Juppe instead of Fillon may see a 2nd round run-off between Macron vs Juppe, leading to a slump in Bund futures to session lows, and a bounce in European stocks.

Valerie Jarrett Moves In With Obamas In DC "To Lead The Fight & Strategy To Topple Trump"

Obama's goal  is to oust Trump from the presidency either by forcing his resignation or through his impeachment, The Daily Mail reports according to a family friend. To help him "lead the fight and strategy to topple Trump" his longtime consigliere, Valerie Jarrett, has moved into The Obama's house with them in Washington.

Welcome to Dubai and Globalist Insanity 2017

by Phil Butler, New Eastern Outlook:
The World Government Summit 2017 just wound down in the UAE. Before all was said and done the globalists revealed a stunning agenda of big government, neo-socialist ideals, and even social engineering. The failed and failing institutions we’ve seen destroying our economies, values and millions of people’s lives is audacious as ever. Here’s some short takes from the conference.
When billionaire Elon Musk took the stage in Dubai, the thousands gathered to absorb the greater glory of elites assembled there crooned at his prophesies of humans merging with machines. The engineers of the new liberal empire seek to engineer it all you see. But Elon Musk was the most reasonable and pragmatic of the business leaders assembled, I assure you. Of course Musk was there seeking funding and PR for his developing technologies, but his ideas on universal incomes and truly “sustainable” projects are stunningly logical, especially compared with other ideals expressed. In contrast, Klaus Schwab, founder and chairman of the World Economic Forum in Davos, told attendees that governments should promote his vision! Yes, Schwab said the world needs a global regulatory regime, and he went on to say:
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Clogged Heart Artery – You Can Reverse It Naturally

by Naturali Eva, Natural News:
Many people today rely on their doctors to prescribe harmful drugs, including statins to treat their clogged heart arteries. When the blockage becomes worse they opt to install a stent to improve the blood flow.
Another invasive option is to go for a bypass surgery, which sometimes makes them die faster due to complications which many times we hear due to infections.
Unacceptable Excuses
Is that so? I am not a heart surgeon but I think an impaired cell repair that results in the newly sewn artery does not adhere as it should to the heart artery can be one the cause of the complications.
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Can Truth Prevail? — Paul Craig Roberts

by Paul Craig Roberts, Paul Craig Roberts:
According to official US economic data, the US Gross Domestic Product (GDP) has expanded for 22 quarters, raising real GDP 12.1% above its high prior to the 2008-09 economic contraction. Yet, US manufacturing output and US industrial production have not recovered to their pre-contraction high.
So what is driving the real GDP growth? In my opinion, the rise in real GDP is an illusion produced by the under-measurement of inflation.
As I have reported on many occasions, John Williams of has concluded that changes in the way that the government approaches the measurement of inflation has, in effect, defined inflation away.
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What’s Different This Time? Stocks

by Wolf Richter, Wolf Street:
This market (“Dow 30,000”) assures Fed rate hikes.
The two-year US Treasury yield just shot through 1.33%, the highest since June 2009, when it had briefly spiked from 1% to 1.42%. And that had been the highest since November 2008. It eventually hit a low of 0.16% in September 2011 (via Trading Economics):
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from Harvey Organ:
In silver, the total open interest ROSE by 2,246 contracts UP to 199,985 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.9999 BILLION TO BE EXACT or 143% of annual global silver production (ex Russia & ex China).
In gold, the total comex gold FELL BY 5,239 contracts WITH THE FALL IN THE PRICE GOLD ($3.70 with YESTERDAY’S trading ).The total gold OI stands at 440,842 contracts.
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NGO Fleet Shipping Migrants Into the EU Has Ties to George Soros & Hillary Clinton Donors

by William Craddick, Disobedient Media:
In November 2016, a number of NGO’s were revealed by independent European news source GEFIRA to be smuggling migrants from the northern coast of Africa across the Mediterranean into the EU using a ramshackle fleet of ships. Research by Disobedient Media shows that a number of the organizations sponsoring ships in the armada are funded in part by Hillary Clinton donors and organizations run by billionaire George Soros. The actions taken by sponsors of ships in the fleet may be illegal under EU law and possibly run the risk of aiding ISIS operatives hiding among the migrant population.
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Cruz: ‘What We Are Seeing Is a Lot of Political Theater’

by Susan Jones, CNSnews:
The controversy surrounding Jeff Sessions’ contact with the Russian ambassador is a “nothing-burger,” Sen. Ted Cruz said on Thursday.
“What we are seeing is a lot of political theater,” Cruz told MSNBC’s “Morning Joe.”
“Could Jeff have been more clear in what he said? Yes. I think that was unfortunate. Context matters a lot. Jeff was being asked about the Trump campaign communicating with the Russians. I think he understood that he was answering in that capacity and that is perfectly understandable.”
Cruz also said meeting with foreign ambassadors is part of a senator’s job.
“And so I think everyone is getting worked up because it’s a chance to beat up the attorney general and a chance to beat up the president.”
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Hollywood Is Racist And Misogynist

by Katherine Frisk, The International Reporter:
Moonlight won the Best Picture and Best supporting actor in the 2017 Oscars. What was it about?
A stereotypical community filled with crackheads, a homosexual wank on the beach and the African-American usual tour of a prison facility at one time in their lives. The female roles in this film also left a lot to be desired. The drug addict neglectful mother and a sex scene with a woman bent over a table, knocked up from behind with her face turned away from the camera, accompanied by squishing sounds that objectified the female role in sexuality as nothing more than tension relief. All that was missing was an abortion clinic. Aren’t African-Americans getting rather tired of being depicted as the dregs of society?
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Coal mining begins seeing revival as Trump gives industry hope

by Andrew Eicher, Fox News:
A long-awaited revival is under way in this beleaguered Central Appalachia community where residents see coal as the once and future king.
Trucks are running again. Miners working seven days a week cannot keep up with current demand. Coal mines, long dormant after the industry’s collapse, are now buzzing again with antlike activity.
“We load coal every day for the power plant in Virginia City,” explained Rick, a long-time supervisor for a major local operation who did not want to give his last name. “There’s one shipment a week for Georgia Power, and one for Tennessee Eastman.”
The past month has seen a resurgence of the coal industry that once formed the backbone of the region’s economy, and locals credit President Trump’s aggressive, pro-energy agenda.
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