Trump And Hillary Refuse To Explain Why They Both Share The Same Address In Delaware

Submitted by Tyler Durden on 04/26/2016 - 09:16
As it turns out, Hillary Clinton and Donald Trump share something pertinent in common, after all - a tax haven cozily nested inside the United States.

Atlanta Fed Boosts GDP Forecast Following Today's Durable Goods Miss And Downward Revision

Submitted by Tyler Durden on 04/26/2016 - 11:30 If there was some confusion why the Atlanta Fed recently revised its GDP Nowcast higher following the recent retail sales miss, that confusion will be even more acute today when moments ago the Atlanta Fed plugged today's weaker than expected durable goods print (and downward revision to past month's data), and ended up with... a GDP forecast that was higher than previously, or an increase from 0.3% to 0.4%.

For The First Time Since The Great Depression, Exxon Mobil Loses 'AAA' Rating

Submitted by Tyler Durden on 04/26/2016 - 11:09 Exxon Mobil has been rate AAA by S&P since 1930 according to Bloomberg. Today that ended as the global crude explorer with sales that dwarf the economies of most nations was cut to AA+ (Outlook stable). Having been put on notice in February (negative watch), citing concern that credit measures would remain weak through 2018. XOM stock is sliding and weighing on The Dow (back below 18,000).

Lessons From Japan: Decades Of Decay, Unavoidable Collapse

Submitted by Tyler Durden on 04/26/2016 - 10:55 Japan has proven that decay can be stretched into decades, but it has yet to prove that gravity can be revoked by central bank monetary games.

Norway Offers Refugees Cash To Leave The Country

Submitted by Tyler Durden on 04/26/2016 - 10:38 As European countries deal with the current refugee crisis, each is taking a slightly different approach in response to the escalating situation. In Norway, which has been shocked by the unfolding events in neighboring Sweden which has seen a mass revulsion at the ongoing refugee onslaught (and which recently announced it won't accept any more refugees from the EU) the answer appears to be the simplest possible one: offer asylum seekers money to leave.

Oil Crash Creates Glut Of Petroleum Engineers - More Layoffs Coming

Submitted by Tyler Durden on 04/26/2016 - 10:29 For many students who went to school and took on student loans under the expectation of getting a six figure petroleum engineering job, a rude awakening is likely ahead. Petroleum engineering became a much more attractive field thanks to the shale boom, which meant that these engineers were no longer likely to have to take a job abroad or on an offshore platform. If shale is dead or partially dead, that changes the calculus for many petroleum engineers. To employ a meaningful number of the current stock of engineers, oil prices would likely have to get back to around $70 a barrel which would make shale at least reasonably profitable in many geographies.

Consumer Confidence Stagnant Since The End Of QE3 As Wage Growth Hopes Fade

Submitted by Tyler Durden on 04/26/2016 - 10:17 We're gonna need more money-printing. Consumer Confidence dropped in April to 94.2, missing expectations of 95.8 and hovering at its lowest in 2 years. In fact, the current level is relatively unchanged since the end of QE3, despite all the recent surges in stocks as the post-2009 94% correlation between the S&P 500 and confidence is breaking down rapidly and ruining The Fed's animal spirits' party. Most crucially, income growth expectations are tumbling as The Conference Board suggests American consumers "do not foresee any pickup in momentum."

Richmond Fed Plunges By Most Since August After March's WTF Spike

Submitted by Tyler Durden on 04/26/2016 - 10:07 Following the weakness in Philly and Dallas Fed regional - fading off Feb/Mar dead cat bounces - Richmond Fed's epic 9-standard-deviation biggest spike ever to 7 year highs in March appears to have been a one of as it fell back from 22 (3rd highest ever) to 14 (still above expectations) - the biggest drop since August. Of course how one can take this seriously is anyone's guess as shipments , new orders, wages, and workweek all crashed from March's embarrassing spike as did inventory levels for finished and raw materials (not good for Q2 GDP). Worse still outlook for six months ahead saw wages, workweek and new orders collapse further.

Services PMI Suggests "0.8% GDP At Start Of Q2" As "Job Creation Slows"

Submitted by Tyler Durden on 04/26/2016 - 09:53 With Manufacturing PMI at multi-year lows and trending lower, why would anyone be surprised that, amid plunging profits in retailers and weakness in restaurant performance indices, Markit's preliminary Services PMI for April would bounce for the 2nd month in a row to  52.1. However, as Markit notes, despite the modest pickup, "growth is clearly far more fragile than this time last year."

These Are The Best And Worst U.S. Cities To Own A House

Submitted by Tyler Durden on 04/26/2016 - 09:52 At the top, with annual price increases over 9% and as high as 11.9% in the case of Portland, we also find Seattle Denver and - of course - San Francisco. On the other end are Washington, Chicago and oddly enough, New York. We wonder if Case Shiller used the UMich "random" telephone directory to calculate that NYC home prices rose at precisely the rate of core inflation in the past 12 months while ignoring the dramatic moves in the ultra luxury high end segment.

"This Is The Longest Uninterrupted Selling Streak In History" - Smart Money Sells Stocks For Record 13 Consecutive Weeks

Submitted by Tyler Durden on 04/26/2016 - 09:08 As BofA reported overnight when looking at the latest trading activity by its smart money clients, "BofAML clients were net sellers of US stocks for the thirteenth consecutive week last week—making it the longest uninterrupted selling streak in our data history (since 2008) as clients continued to doubt the market rally."

Case-Shiller Home Price Growth Slowest Since September

Submitted by Tyler Durden on 04/26/2016 - 09:07 For the 5th month in a row (and 10th of last 11), S&P Case-Shiller Home Price growth YoY missed expectations. February saw prices rise 5.38% (below 5.5% exp) which is the weakest annual growth since September 2015. Seattle and San Francisco rose the most MoM as Cleveland and New York saw the biggest drops MoM.

No Energy Recovery In Sight: Freeport Fires 25% Of Its Oil And Gas Workers

Submitted by Tyler Durden on 04/26/2016 - 08:50 FCX is taking immediate steps to reduce oil and gas costs further. In April 2016, FCX announced a new management structure and is instituting an approximate 25 percent oil and gas workforce reduction. The newly structured oil and gas management team is actively engaged in managing costs and developing plans to preserve and enhance asset values.

Core Durable Goods Tumble For 14th Month, Longest Non-Recessionary Stretch In 60 Years

Submitted by Tyler Durden on 04/26/2016 - 08:40 Following February's dismal drops across the board in Durable Goods, expectations were high for a March rebound. However, the mean-reverters were greatly disappointed as Orders rose just 0.8% MoM (missing expectations of a 1.9% surge) off a revised lower print, pushing the YoY change back into the red. Core Durables Goods Orders fell YoY for the 14th consecutive month - a streak never seen in 60 years outside of a broad US recession. Capital Goods Orders (0.0% vs +0.6% exp) and Shipments (+0.3% vs +0.9% exp) both missed and were both revised lower. Not a pretty picture...

Sarepta Plunges 50% After FDA Rejects Key Drug

Submitted by Tyler Durden on 04/26/2016 - 08:19 2016 has been a tempestuous year for Serepta shareholders. From over $40 to just $10 and then the miracle ramp from february back to $25 before the writing on the wall ahead of last night's FDA decision and now - following yesterday's monstrous short-squeeze (36% surge), a 50% collapse to $8 - a 4 year low for yet another Biotech darling of old. This morning's collapse comes after the FDA voted that SRPT's muscular dystrophy drug was not effective...



"Wrong Way Gartman"...

Why Dennis Gartman Just Flip-Flopped Back To "Cautious... Perhaps Defensive"

Submitted by Tyler Durden on 04/26/2016 - 07:40 "We note that the CNN Fear & Greed Index, having risen late last week once again to 75… the level the creators of the Index have referred to as “Extreme Greed”… has fallen back from those highs and closed last evening at 70. The Index has spent the past seveal weeks forging what appears to us to have become a material “top” of some very real consequence. It “peaked” last autumn near 75 before stocks, as measured by the S&P, fell from 2075 to 1800 in a matter of weeks, and it peaked early last year at or near 80 before the S&P fell from near 2100 to 1800 also. In this regard, perhaps caution…perhaps very real defensiveness… is a  reasonable [sic] path to be taken."

SKY CRIMINALS

Chuck Norris examines geoengineering ‘in skies above us’
by Chuck Norris, WND:

Country legend Merle Haggard, who died of a lung infection (double pneumonia) on April 6, sang in his song, “What I hate”: “What I hate is looking up and seeing chemtrails in a clear blue sky today.”
Several months ago, I wrote a column titled, “Why are geo-engineering researchers being stonewalled?” In it, I gave an array of evidence from scientists that geoengineering and, specifically, covert chemtrailing is taking place in the skies above us and unbeknownst to us.
For those who are unfamiliar with the subject and stratospheric lunacy, let me reiterate a few definitions:
Geoengineering is the artificial modification of Earth’s climate systems through two primary technologies: Solar Radiation Management, or SRM, and Carbon Dioxide Removal, or CDR.
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Perma-Bear Gets “Gored,” Buys Stocks. Contrarians Go Wild

from Wolf Street:

Sign that the Bull Market Is finally over?
Contrarians have been waiting for the moment when the last stock-market bear standing gets gored. That would be the very moment when the fabulous multi-year rally would turn into a multi-year bear market.
Month after month, year after year, bears have gotten gored, one after the other, and turned bullish on stocks. But it wasn’t enough. There were still too many bears left standing. So it would be a long wait.
But now, Bill Bonner, a widely-published stock-market bear and founder of newsletter empire Agora, who stuck to his investment choices – “heavy” on real estate, cash, and gold – even as stocks have soared, and who has squandered few opportunities to lambaste stocks, their irrational prices, and the manipulations by central banks and Wall Street, he who thinks that the US is headed for a devastating “credit crisis” worse than the Financial Crisis, well, he too just got “gored.”
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The REAL science on vaccines, dental fillings, and brain damage: Stunning video shows how mercury content damages neurons under a microscope

by David Gutierrez, Natural News:
Medical science has long known that mercury is a health hazard no matter how it gets into the body. Whether by foods we eat, water we drink, through vaccines or even our dental fillings, mercury is damaging to our health and toxic to our bodies.
According to this scientific video explaining mercury’s toxic effects, one of the major contributors to mercury toxicity in via dental fillings.
The video, produced by the University of Calgary Faculty of Medicine Dept. of Physiology and Biophysics, “clearly shows how mercury in fillings can destroy brain neurons as seen with people who have Alzheimer’s Disease,” according to a description of it posted online at YouTube.
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The Death of Western Human Rights

by Jeff Nielson, Bullion Bulls:

We used to live in “democracies”, meaning that once upon a time we voted-in governments who at least attempted to represent the People whom they supposedly serve. In the United States, the death of that democracy dates back at least a century.
We know this to be true, because we have an historical source (Charles Lindbergh Sr.), a two-term Congressman and career prosecutor who wrote about the endemic/systemic corruption of the U.S.’s former democracy which already existed a hundred years ago. The time-frame for the death of other Western democracies is more ambiguous. However, clearly today, there are no democracies anywhere in the supposedly “free” Western world – with the apparent exception of tiny Iceland.
Read More…

Obama Announces More Special Forces Troops To Syria, Escalates Existing Policy

by Brandon Turbeville, Activist Post:

In yet another sign of obvious Western escalation in the war against Syria, U.S. President Barack Obama announced on Monday that an additional 250 American military personnel will be deployed to Syria under the guise of defeating ISIS.
In his speech at Hannover, Germany, Obama stated:

Just as I approved additional support for Iraqi forces against ISIL, I’ve decided to increase U.S. support for local forces fighting ISIL in Syria, a small number of special operations forces are already on the ground in Syria and their expertise has been critical as local forces have driven ISIL out of key areas.
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Are Hillary Clinton and the DNC Skirting Election Law?

by Pam Martens and Russ Martens, Wall St On Parade:
Brad Deutsch, the attorney who authored the letter last week charging the Hillary Clinton campaign’s joint fundraising committee with dubious dealings that appear to violate Federal election law, isn’t just any ole lawyer. Prior to joining the law firm Garvey Schubert Barer in July 2014, Deutsch worked for more than a decade at the government’s top watchdog over Federal campaign financing – the Federal Election Commission (FEC).
Deutsch, now lead counsel to Senator Bernie Sanders’ campaign for President, would seem to be well qualified in defining what is and is not legal under Federal election law. From 2006 to 2014, Deutsch was Chief of Staff and Senior Legal Advisor to Commissioner Steven T. Walther at the FEC. Prior to that, he served as Assistant General Counsel at the FEC from 2004 to 2006 where he supervised a team of Federal election law attorneys.
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