UK Parliament give the green-light for Theresa May to implement Article 50. Marine Le Pen wants to do the same thing as May. Economic confidence starts to rollover. Inflation hits and it is rising fast. Shiller is worried about the stock market, it now costs the same as 1929 to buy a share of stock. A crash is coming and either it will be stock, oil or both. China starts the year off with the worst retail sales. The US Government is down to it’s last 66 billion dollars, this will only last until Memorial Day. Nancy Pelosi did not get the answer she wanted when she asked people to respond to Obamacare. Wikileaks confirms Trump might be forced out. Obama went to the British spy agency to spy on Trump. Germany ready to pass law to punish social media over hate speech.McCain and Graham want troops in Afghanistan. Russia sending troops to Libya to support Haftar. Russia says US manipulated UN document and made is seem Assad was responsible and the terrorist had a right to fight back. Moderate rebels back out of the peace deal. Tulsi Gabbard and Rand Paul team to stop the funding of terrorist. Rothschild are orchestrating the outcome of the world and they broadcast this using the economist magazine.
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Current News – 03.14.2017
- UK Parliament passed legislation giving prime minister Theresa May approval to start the Brexit process and allowing the government to invoke Article 50, with the House of Commons overturning amendments from the unelected House of Lords that sought to limit May’s room for maneuver. While press reports earlier said May could trigger Article 50 as early as Thursday, that she will commence Brexit in the last week of March.
- The leader of the National Front in France, Marine Le Pen, has hailed Britain’s decision to leave the EU – and has called for France to hold a similar referendum
- The EU is facing an existential crisis and does not look like it will survive the massive political and financial challenges it is faced with. This has ramifications for investors in the EU itself and globally as the collapse of one of the world’s largest trading blocs will badly impact already fragile global economic growth and increasingly “frothy” looking financial markets – particularly stock and bond markets.
- One week after Gallup measured US economic confidence at the highest level on record, just days after Trump gave his now long-forgotten “conciliatory” address to Congress, the mood appears to be souring somewhat not only for regular Americans but also small businesses. In Gallup’s latest weekly economic confidence reading, it found that Americans’ confidence in the economy returned to its recent levels last week after a record-setting post-recession high the week before. Gallup’s U.S. Economic Confidence Index was +9 for the week ending March 12. This is down from +16 the previous week, and in line with weekly scores recorded throughout February.
- 48% of Americans say the economy is getting better, and 45% say it is getting worse. That compares with 54% and 39%, the prior week.
- . PPI Final Demand surged 2.2% YoY (more than expected) driven by a 4.0% YoY jump in final demand goods. This is the highest inflationary print since March 2012.
- Alarm bells are starting to ring across multiple asset classes as we approach The Fed’s first double-rate-hike-in-3-months since 2006. The most concerning canary in the coalmine is US credit markets…
- The last time Robert Shiller heard stock-market investors talk like this in 2000, it didn’t end well for the bulls.
- Shiller says when markets are as buoyant as they are now, resisting the urge to pile in is hard regardless of what else might be happening in society.
- One factor that makes him cautious on American shares is the S&P 500’s cyclically-adjusted price-earnings ratio: While the metric is still about 30 percent below its high in 2000, it shows stocks are almost as expensive now as they were on the eve of the 1929 crash.
- We leave it to Mr. Shiller to sum it all up…
“The market is way over-priced,” he says. “It’s not as intellectual as people would think, or as economists would have you believe.”
- Oil may have just stopped the Bank of Japan.
- The fact is that in late September 2016, the Bank of Japan embarked on a new monetary policy of targeting a yield of 0% on 10-Year Japanese Government bonds.
- What this means is that the Bank of Japan will intervene in the market to maintain a 0% yield, and this involves aggressively devaluing the Yen against the $USD.
- As soon as the Bank of Japan began this campaign, the algorithms synched up with the Yen/ $USD pair. Since that time, the correlational buying activity between this currency pair and US stocks has been extreme.
- On a weekly basis the correlation was above .75 from mid-December until late January. It has since fallen somewhat but remains above 62%.
- the correlation between the weekly moves of the $USD/YEN pair and the S&P 500 was over 0.75 for more than a month. This is statistically impossible unless you are dealing with outright manipulation via compute algorithms.
- However, Oil appears to have finally ended this.
- When the Bank of Japan engages in rampant devaluation of the Yen against the $USD is exports deflation into the west. The last time the BoJ did this in 2014, commodities experienced their worst collapse in 40+ years. Oil was what stopped this as it plunged 75%…forcing Oil producing nations to “call the Bank of Japan.”
- The same scheme is playing out now. Thus far Oil has been immune to the Bank of Japan’s insanity… but no longer. And if the Yen/$USD pair does not stop dropping, OIL WILL CRASH.
- Currently the Yen/ $USD pair suggests Oil is going BELOW $40 per barrel.
- now have a choice… let stocks “go” or watch as Oil falls in HALF (the ultimate downside could be sub-30s).
- Either way, a crash is coming… either in stocks or Oil.
- With its credit impulse wearing off (and inflation spikes stalling any hopes of renewed stimulus anytime soon), it appears China’s always-happy consumer is not so happy as 2017 begins.
- Against expectations of a 10.6% year-over-year gain in year-to-date cumulative retail sales, February saw just a 9.5% rise – the weakest February since 2002.
- The U.S. economy is weak. Very weak. But the Federal Reserve is planning to raise interest rates anyway. Why?
- According to the Atlanta Fed the US economy is expected to grow at a respectable 2.8 percent for the first quarter of 2017 That’s not bad considering that, for the entire year of 2016, the economy hobbled along at an anemic 1.6 percent. Unfortunately, the Fed’s original forecast has been slashed to account for the downturn in the data. According to their current (March 8) calculation, the economy is growing at a meager 1.2 percent. In other words, the already-sluggish and underperforming economy is gradually grinding to a standstill.
- This isn’t the kind of environment where the Fed typically raises rates.
- So why is the Fed raising rates when the economy is crawling along at suboptimal speed and, perhaps, headed for recession?.
- The Trump Bump has been the biggest post election day rally in Wall Street history. The promise of giant tax cuts, fewer regulations and $1 trillion in fiscal stimulus has sparked a stock-buying frenzy that has added nearly 2,000 points to the Dow Jones Industrial Average while piling up another $3.2 trillion in market capitalization. Wall Street loves Donald Trump, there’s no doubt about it.
- the unexpected stock-surge has thrown a wrench in the Fed’s plan to gradually guide stocks higher avoiding a bond market blowout that could send yields into the nosebleed section wiping out trillions of dollars in equity in the process. The Fed would rather avoid that scenario which is why the FOMC is expected to gradually raise rates to dampen the irrational exuberance that has overtaken Wall Street
- The Fed has repeatedly expressed uneasiness about the president’s $1 trillion fiscal stimulus strategy, a plan Yellen thinks could result in a sudden blip of activity that could push up inflation and overheat the economy. A series of rate hikes will not only put the kibosh on Trump’s chances for success, it will also undercut prospects for stronger growth.
- But why would Yellen want to foil a plan that would result in stronger growth?
- It’s because stronger growth means higher yields on long-term debt. In other words, Yellen’s dodgy buddies in the bond market will get absolutely pulverized if GDP picks up and Trump achieves his goal of 4 percent growth.
- Market analysts think that Trump will never achieve that goal, and they’re probably right. After all, the Fed will never let him.
- House Minority Leader Nancy Pelosi (D., Calif.) tweeted out a question late on Monday about people’s experiences with Obamacare but did not get the response she was looking for.
- Pelosi tweeted out a link to the White House website, asking her followers to share their experience with the Affordable Care Act.
Obamacare: Share Your Story
Obamacare has led to higher costs and fewer health insurance options for millions of Americans. How has it impacted you? Share your story with the President.
- Pelosi wanted feedback on why Democrats must protect Obamacare, but she did not get the answers she was looking for.
- Users aired their grievances about the rising cost of health care.
health care insurance for dad & two younger siblings is $800 per month. this is NOT affordable for a middle class fam.
- Others just simply expressed how the Affordable Health Care Act is “not working.”
I need surgery and can’t get it cause deductible is too high! Been in pain for 2 years!
- A careful analysis of the Treasury Department’s “Agency Financial Report for Fiscal Year 2013” provides evidence the Obama administration stole from Fannie and Freddie investors to fund Obamacare.
- Guided by a CPA, who worked for two years for a major U.S. accounting firm as an outside auditor for Freddie Mac, Infowars.com has documented in the Treasury Department’s 2013 financial reports how the Obama administration diverted into Obamacare billions of dollars that Treasury confiscated from Freddie and Fannie earnings.
- On Aug. 17, 2012, the Obama administration finalized the amendment of the Treasury Department’s Senior Preferred Stock Agreements with Fannie and Freddie that deprived private and institutional investors of their legally due dividend payments.
- This enabled the Obama Treasury Department to confiscate billions of dollars in Fannie and Freddie earnings, in what is known as the “Net Worth Sweep,” or NWS.
- The $126.6 billion that Treasury received from the Fannie and Freddie NWS is also noted in the “Consolidated Statements of Net Cost for the Fiscal Years Ended Sept. 30, 2013 and 2012” that the report publishes on page 50.
- Judge Andrew Napolitano claimed “three intelligence sources” say President Obama looked to British spy agency GCHQ to obtain transcripts of conversations involving President Donald Trump
- Napolitano said, “[T]hree intelligence sources have informed him that President Obama went outside the chain of command. He didn’t use the NSA. He didn’t use the CIA. He didn’t use the FBI, and he didn’t use Department of Justice. He used GCHQ. That’s the initials for the British spying agency. They have 24/7 access to the NSA database. So by simply having two people go to them saying, ‘President Obama needs transcripts of conversations involving candidate Trump, conversations involving president-elect Trump,’ he’s able to get it, and there’s no American fingerprints on this.”
- Nine days after President Trump’s now infamous “Obama had my ‘wires tapped’ in Trump Tower” tweet, his administration has asked for more time to comply with a House Intelligence Committee request for evidence substantiating Trump’s claims.
- House Intelligence Committee Chairman Devin Nunes (R-Calif.) and ranking member Adam Schiff (D-Calif.) asked the White House to offer by today, any evidence showing Trump Tower was wiretapped.
- Over the weekend we noted chatter that some saw Mike Pence as “the Deep State’s insurance policy,” and now, judging by tweets from Wikileaks’ Julian Assange, that may well be the Clinton/Intelligence Officials plan…
Clinton stated privately this month that she is quietly pushing for a Pence takeover. She stated that Pence is predictable hence defeatable.
Two IC officials close to Pence stated privately this month that they are planning on a Pence takeover. Did not state if Pence agrees.
- if Trump doesn’t adopt the Cold War 2.0 approach of Barack Obama and Hillary Clinton and is forced out of his own administration in the same manner as Flynn, it will become clear why once we learn who would replace him: Mike Pence.
- The people working behind the scenes to oust him are not subject to democratic controls, nor are they working in the best interests of the American public. We are left to ask ourselves exactly how renewing relations with Russia – a nuclear power – could possibly endanger American lives.
- Taking a bold authoritarian step towards fighting online hate speech, Germany intends to pass a law that would fine social media outlets up to $53m for failing to delete hateful comments within a designated time frame.
- Out of all the social media outlets, YouTube is the best at monitoring hate speech, with a 90% removal rate inside a week. Facebook was second at 39% and Twitter an abysmal last at just 1%.
- The new law mandates a code of conduct to be enforced, removing illegal material, reporting on the volume of complaints and to make it easier for other people to tell on one another.
- Republican Sens. John McCain and Lindsey Graham are calling on the Trump administration to send additional U.S. troops to Afghanistan.
- The recent deployment by South Korea of the controversial US-made Terminal High Altitude Area Defence (THAAD) anti-missile system in response to potential ballistic threats from North Korea, has led to a furious response by China, whose first-strike ability would be compromised under the existing military configuration China is set to deploy anti-radar countermeasures which will neutralize the South Korean THAAD. The THAAD system consists of a sophisticated radar and interceptor missiles designed to spot and knock out incoming ballistic missiles.
- Wang said China’s chief concern was not just with South Korea’s deployment of the American system but also the United States’ broader potential to contain the region in a sophisticated web of missile defence systems in Japan, Singapore, the Philippines and even Taiwan.
- Ground, sea and air forces commanded by Libyan military strongman Khalifa Haftar ‘launched joint attacks’ against Islamist rivals at key oil terminals.
- Troops commanded by Libyan military strongman Khalifa Haftar launched an offensive on Tuesday to seize two of the country’s key eastern oil terminals,
- Russia appears to have deployed special forces to an airbase in western Egypt near the border with Libya in recent days, U.S.,
- The U.S. and diplomatic officials said any such Russian deployment might be part of a bid to support Libyan military commander Khalifa Haftar,
- Turkey has announced its wish to obtain Russia’s loan to buy weapons, including S-400
- The Finance Ministry is holding talks, as soon as they sign this and take a decision on allocating a loan, we will already ink contracts on supplies, including of S-400,“
- Russia was forced to recall its draft statement of the United Nations Security Council condemning the March 11 terror attack in Damascus because a number of Western countries tried to change the document’s essence,
- According to the Russian Foreign Ministry, the Security Council often fails to find a common language on the Syrian crisis. “Thus, the politically-motivated position of a number of its Western members made it impossible to reach consensus on the Russia-initiated draft press statement condemning the hideous terror attack in Damascus on March 11 that claimed,
- “Seeking to realize their notorious political goals they tried to change the document’s wording by means of including provisions that could be seen as accusations in respect of the Syrian authorities and justification of terrorists’ actions. As a result, we were forced to recall the draft.”
- “During discussion of the text representatives of these countries openly gave to understand that they have ‘another standard’ in respect of Syria that does not envisage unconditional condemnation of terrorism,” the ministry noted. “
- The reasons for the Syrian armed opposition’s non-participation in the current Astana meeting are not convincing, Russian Foreign Minister Sergey Lavrov
- Syrian President Bashar al-Assad has confirmed his readiness to hold a referendum on the future of his country and voiced the conviction that its fate should be determined by the Syrian people.
- When asked whether he is ready to step down for the sake of peace, the president emphasized that only the Syrian people can elect the head of state. “The Syrian people should choose their president and should hold anyone accountable for any conflict and problem, not the United Nations, it doesn’t have any role,” Assad said.
- Rep. Tulsi Gabbard, Sen. Rand Paul has introduced their bill, the Stop Arming Terrorists Act, in the U.S. Senate. The bipartisan legislation (H.R.608 and S.532) aims to prohibit any federal agency from using taxpayer dollars to provide weapons, cash, intelligence, or any support to al-Qaeda, ISIS, and other terrorist groups.
- It would also prohibit the government from funneling money and weapons through other countries that are directly or indirectly supporting terrorists.
- Rand Paul provided much-needed support for the bill, stating:
“One of the unintended consequences of nation-building and open-ended intervention is American funds and weapons benefiting those who hate us. This legislation will strengthen our foreign policy, enhance our national security, and safeguard our resources.”