Mortgage delinquencies are on the rise. Corporate media reporting that retail are incredible in January, gas prices increased and inflation moved higher. Consumer prices surge at the fastest pace in 5 years. Industrial production declines and is at 10 month lows. GDP has been recalculated and is now down to 2.2%. The US is not in the top 10 for economic freedom. The markets are whispering something very important about inflation. Janet Yellen comes out and admits the economy is weak and don’t blame the Fed. Nancy Pelosi was fooled by a Flynn’s fake twitter account. NY Times pushing the Russian angle on Trump. Did Michael Flynn leave a hidden message in his letter of resignation. The leakers of Flynn’s call should be arrested it is a breach of security. Trump is right the media did ignore the terror arrests when he produced the 72 terrorist that were arrested. North Korea says it has the right to test their defensive nuclear weapons. Trump never mentioned anything about Crimea when he was on the phone with Putin. Russia will not discuss Crimea, they voted themselves away from Ukraine. Russian spy ship off the coast about 30-70 miles in international waters. The IS is receiving tanks now. The Pentagon wants to bring in ground troops into Syria, this is a push to get Trump to get troops into Syria to get the war started.
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Current News – 02.15.2017
- For the first time since Q1 2013, mortgage delinquencies rose QoQ in Q4. The jump from 4.52% (of total loans) to 4.80% is the largest since Q1 2010
- US Industrial Production tumbled 0.3% MoM – the biggest MoM drop since March 2016.
- And year-over-year, IP is now unchanged... (so only one positive print in the last 17 months – this is the worst non-recessionary streak in US history)
- Once again “hard” data post Trump disappoints the exuberance in ‘soft’ data.
- The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is 2.2 percent on February 15, down from 2.7 percent on February 9.
- It’s already been eight years since the Great Recession,
- The Heritage Foundation’s 2017 Index of Economic Freedom—an annual global study that compares countries’ entrepreneurial environments—highlights the urgent need for the U.S. to change course. For the ninth time since 2008, America has lost ground.
- According to the 2017 index, the U.S. ranks 17th out of 180 rated economies, lagging behind other comparable advanced economies such as Switzerland (fourth), Australia (fifth), Canada (seventh), and the United Kingdom (12th).
- The U.S. remains mired in the ranks of the “mostly free,” the second-tier economic freedom status into which it dropped in 2010.
- US wholesale inflation posted its largest monthly jump in four years . Fed Chair Janet Yellen blatantly hinted at another interest rate hike in March… despite clear evidence the US economy is rolling over.
Yellen: Growth is ‘quite disappointing’ — but that’s not the Fed’s fault –
Federal Reserve Chair Janet Yellen acknowledged that the economy is weak, but said Fed policies have been a help, not a hindrance.
- The fact is that the Fed realizes it has let the inflation genie out of the bottle. The inflation rate is already well above the Fed’s desired target of 2%, having moved a total of 3% higher in the last 18 months.
- Gold and Silver have already “figured it out.” They’re up 6% and 11% thus far year to date.
- House Intelligence Committee Chairman Devin Nunes (R-CA) said Tuesday that those who leaked the contents of former National Security Adviser Michael Flynn’s phone calls “belong in jail.”
- “That’s nine leakers that all belong in jail,” Nunes said. “Those nine people broke the law, clearly, by leaking classified information to anybody.”
- Nunes said “it’s pretty clear” that there was no warrant.
- “It’s pretty clear that’s not the case,” he said. “I’m pretty sure the FBI didn’t have a warrant on Michael Flynn … To listen to an American’s phone call you would have to go to a court, there’d be all that paperwork there. So I’m guessing that doesn’t exist.”
- The deep state, central bankers, media has been out to get Flynn ever since it was revealed he had conversations with the Russian Ambassador in December of 2016, a
- After examining Flynn’s letter, two glaring things stand out. First, his strong rebuke of the liberal media over their characterization of the events leading up to his resignation. Flynn describes his calls with the Russian Ambassador as “standard practice in any transition of this magnitude” even though the liberal media has incorrectly suggested such communications violated the Logan Act, which FBI and Justice Department officials insist is wrong.
- Second, Lieutenant General Flynn destroys the failed Obama legacy on foreign policy, which has been totally ignored by the media.
- In his letter, Flynn explains that President Trump has “reoriented American foreign policy in fundamental ways to restore America’s leadership positions in the world.” The Obama legacy is one of total failure, which Americans rejected wholeheartedly in the presidential election.
- As a reminder, it was not just Paul Manafort that was involved in FBI probes, but Tony Podesta – the brother of Hillary Clinton’s campaign director John Podesta – who had set up secret meetinsg woth Ukraine officials.Manafort, who has not been charged with any crimes, exclaims To Britain’s Telegraph that “this is absurb,”“I have no idea what this is referring to. I have never knowingly spoken to Russian intelligence officers, and I have never been involved with anything to do with the Russian government or the Putin administration or any other issues under investigation today.”Mr. Manafort added, “It’s not like these people wear badges that say, ‘I’m a Russian intelligence officer.’”
Several of Mr. Trump’s associates, like Mr. Manafort, have done business in Russia, and it is not unusual for American businessmen to come in contact with foreign intelligence officials, sometimes unwittingly, in countries like Russia and Ukraine, where the spy services are deeply embedded in society.**********Finally, buried deep in The New York Times’ storyThe intelligence agencies then sought to learn whether the Trump campaign was colluding with the Russians on the hacking or other efforts to influence the election.The officials interviewed in recent weeks said that, so far, they had seen no evidence of such cooperation.
Which confirms what The FBI said back in November.************
* * *
Ari Fleischer to sum it all up perfectly…
Why isn’t the headline: “Officials Say No Evidence of Cooperation Betw Trump campaign and Russia”- as story states.
- A Russian senator, Vladimir Jabbarov, cited by the Independent went so far as to tell state media the latest claims “were part of an intelligence community conspiracy to have the President impeached.“
- “This is a common tactic to try to discredit a particular person,” he added.
- 72 terror convictions against people originating from those seven countries in that time period. In their rulings against the Trump 7 moratorium, all had claimed there was “no evidence” of any terror threat from those coming to the U.S. from Syria, Somalia, Sudan, Iraq, Iran, Yemen or Libya. One of the judges claimed no one from those nations had even been arrested in the U.S. during the last 16 years.
- Did anyone from the so-called “mainstream media” challenge those assertions?
- Of course not.
- And that illustrates how profoundly right Trump was when he said the media have thoroughly downplayed terror attacks in the U.S
- Do you recall the howls of outrage from the media when Trump claimed the press was downplaying terror attacks in the U.S.? Here is a sampling of “news” headlines as the media went over the top in defending themselves:
- Politico: “Donald Trump wrong that media is not reporting on terrorism any more”
- PBS: “Trump’s list of underreported terror doesn’t back up claim”
- MSNBC: “Trump manufactures a media cover-up of terrorist attacks”
- Seattle Times: “Trump’s list of underreported terror doesn’t back up claim”
- Keep in mind these were not commentaries, these were so-called “news” reports.
- North Korea has rejected the United Nations Security Council (UNSC)’s condemnation of its recent missile test launch, citing a “sovereign right” to such tests.
- The North Korean Foreign Ministry defended the recent test-launch of the intermediate-range ballistic missile in a statement on Wednesday.
- Issue of Crimea’s status was not discussed during the phone conversation between Russian and U.S. Presidents Vladimir Putin and Donald Trump in late January,
- When asked if Trump raised the issue of the Crimean status during this contact, Peskov said: “No, he didn’t.”
- “This topic will not be discussed, because it cannot be discussed. Russia does not discuss issues related to its territory with foreign partners,” Peskov told reporters.
- The Russian spy ship which we mentioned yesterday had unexpectedly appeared off the US East Coast, some 70 miles off the Delaware coast, has been gingerly moving north along the Eastern Seaboard, and according to press reports, was spotted on Wednesday “loitering” just 30 miles from a major submarine base in Groton, Connecticut.
- Russia has denied claims of “unsafe” encounters between Russian military jets and a United States destroyer in the Black Sea.
- The US Defense Department had earlier claimed that several Russian jets buzzed a US Navy ship three times on February 10 — the last day of a ten-day maritime drill by NATO in the Black Sea near Russia.
- According to Danny Hernandez, a Pentagon official and a spokesman for the US European Command, three separate incidents occurred in the day, involving two Russian supersonic Su-24 attack jets along with an IL-38 maritime patrol aircraft and the US destroyer USS Porter.
- However, a spokesman for the Russian Defense Ministry, General Igor Konashenkov, said on Tuesday that no such incidents had occurred.
- Konashenkov said all Russian “flights were conducted and are being conducted over the neutral waters of the Black Sea in accordance with international rules and safety requirements.”
U.S. believes Russia deployed new missile in treaty violation corporate media headline
- On Tuesday, US media reported citing sources in the US administration that Russia allegedly deployed ground-based nuclear cruise missiles in violation of the 1987 INF Treaty. Accusations against Russia of alleged violation of the Intermediate-Range Nuclear Forces (INF) Treaty made by US media and several officials aimed at exerting pressure on US President Donald Trump,
- The allegations were supported by the Pentagon and US Senator John McCain called on the Trump administration to respond to the reported violations.
- The treaty prohibits the development, deployment or testing of ground-launched ballistic or cruise missiles with ranges between 300 and 3,400 miles. It was implemented by 1991 with inspections carrying on until 2001.
- The Islamic State (ISIS) carried out several drone strikes against the Syrian Arab Army (SAA) on Tuesday and Wednesday,
- Daesh tank attack against the Iraqi Popular Mobilization Forces (PMF), Russian defense analyst Vladimir Bogatyrev suggested that the heavy weaponry may not be mere war trophies, and that the jihadists could be acquiring the war machines through some other method.”
- Daesh recaptured Palmyra last December and the terror group’s gains in the historic city prompted the Syrian army to launch an offensive to retake it. “The [US] Department of Defense is not coordinating airstrikes with the Russian military in Syria,”
- On February 10, nine coalition strikes near Palmyra
- Little remains of the famous landmarks in Syria’s Palmyra as a result of the terrorists’ activities, moreover, there is a threat that residential areas will be blown up too, Russian Foreign Ministry Spokeswoman Maria Zakharova said.
- The Defense Department is considering proposing sending conventional ground combat forces into northern Syria for the first time as part of an effort to speed up the fight against ISIS,
- But the official emphasized that any decision is ultimately up to the President.
- President Donald Trump has ordered his defense secretary to come up with a proposal to combat ISIS before the end of the month. If the idea was approved by Trump in the coming weeks, it would significantly alter US military operations in Syria.