Kasich, Clinton Take Ohio; Trump, Hillary Win Big In Florida, Rubio Drops Out - Live Feed

Submitted by Tyler Durden on 03/15/2016 - 10:17

US Troops Overwhelmingly Support Trump, Reject Neocon Foreign Policy

Submitted by Tyler Durden on 03/15/2016 - 15:55 In an exclusive survey of American military personnel, Donald Trump emerged as active-duty service members’ top choice to become the next commander in chief.

Rush Limbaugh: Watch Out for Jeb at the Convention

from RushLimbaugh.com:
It’s abundantly clear that the Republican establishment, all these reports we’ve had prior to today about them being in panic have not even gotten close to reality. The panic is real today. They are acting as though their own very future is at stake today. And they have decided that the future of the Republican Party, as you know it and love it, hangs on what happens in Ohio. Meaning John Kasich, in their view, had better win this thing. Now, keep in mind Kasich doesn’t have a prayer of becoming the nominee.  He doesn’t have a prayer.  If John Kasich thinks he’s gonna become the nominee in a contested convention, he’s got another thing coming.  If it gets to that point, can I tell you who I think they’re gonna make president, or make the nominee, if all this happens, as they want it to?  Remember, now, we’ve got a guy on the Republican committee, convention committee rules committee writing today in The Daily Caller that first ballot delegates are not bound to vote for the candidate that won their state’s primaries.
Everybody’s thinking that that’s the rule, that on the first ballot, that’s why primaries matter, that’s why this matter of 1,237 delegates matters.  Whoever gets there is automatically the nominee.  This guy writes a piece today saying, no, no, no, no.  That that that that’s not the case.  Delegates can vote whoever they want, on any ballot.  Oh, really?  He says ’76 is the only time this was actually put into — ’76, yeah, that’s when they denied Reagan.  So I’m just telling you, if they succeed in this, if they sucked in denying Trump or Ted Cruz 1,237 delegates by the end of the primary process, I’m here to tell you Jeb Bush is gonna be the nominee.  That’s what they’re gonna do.  That’s what they’ve always wanted.
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Soros Floods Democrats With Millions, Warns Trump Of "Consequences"

Submitted by Tyler Durden on 03/15/2016 - 18:00 Following MoveOn.org's "success" last Friday, George Soros is back on the lips of an increasing number of Americans as Bloomberg reports, the liberal billionaire, whose effort to unseat President George W. Bush in 2004 shattered political spending records, is returning to big-ticket activism after an 11-year hiatus. Soros has spent or committed more than $13 million to support Hillary Clinton and other Democrats this election cycle and has warned Donald Trump (and Ted Cruz) of "consequences" for their words and actions. Welcome to the Oligarchy.

A Radical New Tax Is Coming to America…Here’s How to Escape

by Justin Spittler, Casey Research:

Europe’s central bank just fired the “bazooka.”
Dispatch readers know governments have been using extremely reckless monetary policies since the 2008 financial crisis. In an effort to stimulate their economies, they’ve borrowed and printed incredible sums of money. For example, the Federal Reserve has created 3.5 trillion new currency units since 2008. The Fed has also held interest rates at unnaturally low levels. This has made it extremely cheap to borrow money.
• The European Central Bank (ECB) cut its key interest rate on Thursday…
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Kuroda U-Turn & PBOC Devaluation Send Yen, Yuan Tumbling In Early Asia Trading

Submitted by Tyler Durden on 03/15/2016 - 22:01 A 3rd consecutive day of weaker Yuan fix has sent Offshore Yuan tumbling again back to 1-week lows. However, it is Kuroda's apparent U-turn on NIRP (dropping further rate cuts possible from the statement but now commenting that anything is possible) has sent Yen down hard (after strength during the US day session) almost back to pre-BOJ levels.

Hungary's Orban "Rings Alarm Bells" On Brussels Plot To Create "United States Of Europe"

Submitted by Tyler Durden on 03/15/2016 - 22:01 Viktor Orban is "gathering allies" to storm Brussels and break up a nefarious plot to subvert the willl of nations on the way to creating a United States of Europe. Who's with him?

China Freight Index Collapses To Fresh Record Low

Submitted by Tyler Durden on 03/15/2016 - 21:30 The Baltic Dry Index has risen for the last few weeks, buoyed by hopes (a la Iron Ore) of a National People's Congress stimulus surge from China. While the scale of the 'bounce' is negligible in real terms compared to the total collapse, it has caused such momentum-muppets as Jim Cramer to proclaim China 'fixed' and investible. So we have one quick question - if everything is awesome, why did the China Containerized Freight Index just crash to new record lows?

These Are The Energy Bonds Most Likely To Default In The Next Six Months

Submitted by Tyler Durden on 03/15/2016 - 21:10 With Fitch now expecting $40 billion in US energy defaults in 2016, the question is who are the most likely candidates. In the following table, we list the distressed bonds which have an interest payment in the next 6 months - one which they very well may not make - and which will most likely be the first to default.

"Cheerleader" Fed Loses Credibility: Big Funds No Longer Trust The 'Dot Plot'

Submitted by Tyler Durden on 03/15/2016 - 20:30 For the past four years, bond traders have quickly turned their focus after Federal Reserve meetings to something called the dot plot (seen as a key insight into their collective thinking on rates). The problem is, as Bloomberg exposes, the forecasts weren't very good... and fund managers are increasingly ignoring the dot plot for investment decisions, as one strategist exclaimed "we don’t put a lot of credibility in the dots, [officials] have usually been cheerleaders for the economy, and they get turning points in the economy wrong."

Global Warming And Food Prices

Submitted by Tyler Durden on 03/15/2016 - 20:00 Given that we all have to eat and that there are some concerning environmental developments out there, here’s an interesting question: has global warming led to higher or lower food prices (thus far)?

JPMorgan Corners LME Aluminum Market, Leading To Strange "Price Anomalies"

Submitted by Tyler Durden on 03/15/2016 - 18:27 Large amounts of aluminum traded on the London Metal Exchange over the past couple of years "have at times been in the hands of a dominant position holder." Citing sources at commodity trading houses, warehouses, producers, brokers and banks "one such position holder is U.S. bank JPMorgan."

Why Students Give 'American' Capitalism An "F"

Submitted by Tyler Durden on 03/15/2016 - 17:30 Even if a different array of confusions drives the radical chic of millennial voters, what is clear is that they see American capitalism as rigged. "Crony capitalism," from their perspective, is redundant - and "free market" is an oxymoron. They're not necessarily opposed to meritocracy; they just don't see what merit has to do with the marketplace.

Millennials Flee "Three-Alarm" Blaze In Vancouver's "Insane" Housing Market

Submitted by Tyler Durden on 03/15/2016 - 17:00 “Housing in Vancouver is insane — it was insane when I left and it’s more insane now. If you’re trying to do the startup thing full-time, it would have been really difficult with all the expenses.”

Oil Pops After Lower-Than-Expected Crude Build

Submitted by Tyler Durden on 03/15/2016 - 16:35 Against expectations of a 3.2mm build, API reported a 1.5mm build after-hours today which sparked a modest pop in crude prices. Cushing saw its 7th weekly build (471k) as Gasoline extended its run of draws to the 4th week.

US Recession Data Signals It's A Very Short Road To Capital Controls

Submitted by Tyler Durden on 03/15/2016 - 16:30 Bottom line – the economy is due for a recession and the indicators suggest that one may already be in the works. But if you listen to SF Fed's Williams (for example), the narrative goes something like this: "Everything's awesome. Stop asking questions." What if The Fed is wrong (again) - Today, interest rates are at 0.25%... next to nothing. That means that even if the next (i.e. current) recession is extremely mild, interest rates are practically guaranteed to go below zero... And from there, it’s a very short road to capital controls.

S&P Loses Key Technical Support As Bears Battered Brazil & Black-Gold

Submitted by Tyler Durden on 03/15/2016 - 16:04

The Biggest Threat To The S&P In The Next Month: "Only Buyer Keeping This Market Alive" Stops Buying

Submitted by Tyler Durden on 03/15/2016 - 15:45 The biggest danger to the S&P500 over the short-term has little to do with what Janet Yellen may say tomorrow, and everything to do with the marginal buyer of stocks being  put into a state of forced hibernation

Margin Debt Flashes Red As The Fed Cometh

Submitted by Tyler Durden on 03/15/2016 - 15:20 "The issue is not whether margin debt will matter, it is just 'when'. Unfortunately, for many unwitting investors, when that time comes margin debt will matter 'a lot.'" And we suspect The Fed knows it...

U.S. dollar poised to gain 10% or better, even if Fed holds on rates

from Market Watch:

The U.S. dollar may have been on a multiyear bull-run but it still has enough momentum to rise at least another 10%. That is even if the Federal Reserve stands pat on the monetary policy this week, according to currency analysts and strategists.
“We remain in a structural bull market for the U.S. dollar, which has a further 10-15% to go,” said analyst Andrew Sheets at Morgan Stanley.
The Fed’s two-day policy meeting starting Tuesday will provide important clues on when the next rate hike may occur and by extension where the dollar is headed in the long term.
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America’s Gestapo: The FBI’s Reign of Terror

by John W. Whitehead, The Rutherford Institute:

“We want no Gestapo or secret police. The FBI is tending in that direction. They are dabbling in sex-life scandals and plain blackmail. J. Edgar Hoover would give his right eye to take over, and all congressmen and senators are afraid of him.”—President Harry S. Truman
“Don’t Be a Puppet” is the message the FBI is sending young Americans.
As part of the government’s so-called ongoing war on terror, the nation’s de facto secret police force is now recruiting students and teachers to spy on each other and report anyone who appears to have the potential to be “anti-government” or “extremist.”
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To Humbly Submit

by Jeff Thomas, International Man:

Submission to the state is a time-honoured tradition, a concept supported by governing bodies since time immemorial.
In days of yore, men submitted to whichever member of the tribe was the mightiest in battle. By doing so, they stood a better chance of succeeding in battle, thereby diminishing the likelihood of their own death or enslavement.
Later on, as tribes became more tied to the land and communities sprang up, the idea of a strong leader still made sense.
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Think Brazil’s scandals have nothing to do with US banks? Guess again.

from Nomi Prins:

This weekend, millions of Brazilians took to major city streets (again) to protest the hydra of corruption gushing from Petrobras, Brazil’s largest oil company and the government amidst deepening economic recession. Calls for the impeachment of sitting Workers’ Party (PT) president (and former Chair of Petrobras), Dilma Rousseff filled the air.  (I can’t wait to see the frenetic state of things when I swing by there  in two weeks for talks and book research.)
It’s tempting to consider the spectacle as isolated to Brazil’s unique brand of political-corporate collusion, where pillaging state-run companies to line pockets of power players is standard practice.  But that’s doesn’t do the whole story justice.
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Ted Cruz goes all-in for Monsanto; insults tens of millions of health-conscious Americans by calling them ‘anti science zealots’

by Mike Adams, Natural News:
U.S. presidential candidate and Texas senator Ted Cruz went all-in for Monsanto on the campaign trail in Iowa, parroting Monsanto’s propaganda by proclaiming that GMOs are feeding the world while insulting health-conscious consumers by equating support of GMO labeling with “anti-science zealotry.”
At the Iowa Agricultural Summit, Cruz revealed that he in effect fully supports the mass poisoning of the American people with hidden (unlabeled) GMOs, cancer-causing glyphosate herbicide, farmer suicides caused by GMO crop failures and the widespread genetic pollution unleashed by genetically modified crops. “[W]e shouldn’t let anti-science zealotry shutdown the ability to produce low-cost quality food for billions across the globe,” he stated, invoking a false claim that’s actually a widely disproven Monsanto talking point. (SOURCE)
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