FEB 24 17 SIT EC y POL
ZERO HEDGE. ECONOMICS
"Soft", survey and optimism-based,
data may (still) be euphoric, but when it comes to "hard", actual
economic data, moments ago the Census reported the latest disappointment when
it comes to New Home Sales, which rose to 555K in January, missing
expectations, and up 3.7% from a downward revised 535K in December.
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True or false? See in
World issues below what China said on this regard
The US
oil rig count rose once again this week (up 5) to 602 - the highest since
October 2015. US crude production is surging - back above 9
million barrels/day in the last week - the largest since April 2016. The lagged response to rig count builds implies considerably
more production to come.
Related :
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Bank of America has shared what it calls the "best barometer of
“Trump/populist/inflation” trade" - banks versus bonds, or even
simpler, the ratio of XLF to TLT. If headed up, Trump
is still "winning." But once it takes a decisive step lower, risk
assets may quickly turn sad!
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S&P 500 futures are currently down the most
(for this time of day) for any trading day in 2017...
Related :
This is really starting to get out of control...
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With net speculative positioning starting to unwind from its
historically record short crowd, yields across the curve (and in Eurodollars)
are starting to fall. With 30Y back below 3.00% today, 10Y yields have broken below 2017 closing
lows and are near intraday lows back to November. So much for the
reflation trade...
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One of these things is not like the other...
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Despite the exuberance of hope, protection is heavily bid...
And if Utility stocks' demand is anything to go by, bond
yields have a long way to fall...
Finally - absent the hope-strewn soft-survey data, 'hard'
data has decidedly deteriorated...
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Bitcoin
topped $1200 overnight for the first time, bringing it ever closer to the price for an
ounce of gold...
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“..the end of 2016 was dominated by unrealistic
hopes. The next phase may be dominated by genuine disappointment upon realizing
the future is at the pessimistic extreme of the potential spectrum."
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"Get back to work Mr.
President..."
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"Stock market bubbles don’t grow out of
thin air. They have a solid basis in reality, but reality is distorted by a misconception."
Here the readings for this weekend
Fed/Economy
- Culture Shock by Danielle DiMartino-Booth via Money Strong
- Trump Putting Off One Of His Biggest Promises Till 2018 by Bob Bryan via BI
- Trump Is In The Wrong Place At The Wrong Time by Frank Chaparro via BI
- Regulations Are Stifling Business by Stephen Moore via The Washington Times
- Trump Needs To Build On Market Gains by Jonathon Trugman via NY Post
- Trump Is Wrong, Banks ARE Lending by Gretchen Morgenson via NYT
- The Inherent Asymmetry In The Fed’s Policy by Caroline Baum via MarketWatch
- The Great Disruptor Strikes Again by David Stockman via Daily Reckoning
- Job Creation Has Nothing To Do With Trump by Isabel Sawhill via Real Clear Markets
- GDP: Can Trump Deliver 4% by Anu Bararia via The Fiscal Times
- Why Do Republicans Think They Can Deliver GDP Growth? by Paul Krugman via NYT
- 1986 – The Last Tax Overhaul by Albert Hunt via Bloomberg
- The Contradiction At The Heart Of Trump’s Policies by Ana Swanson via WonkBlog
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Markets
- Warning Signs Are Piling Up by Frank Chaparro via BI
- Bull Market For Junk Bonds by James Picerno via Capital Spectator
- The Rally In Stocks Is Doomed by Wolf Richter via Wolf Street
- The Case For Dow 30,000 Has Strengthened by Nigam Arora via MarketWatch
- This Contradiction Has Everyone At Odds by Sam Ro via Yahoo Finance
- Market Timing Out Of Favor? Might Be A Sign. by Mark Hulbert via MarketWatch
- Stocks: High Risk Of Disappointment by Buttonwood via The Economist
- Oil Going To $70 Or $30 by Nick Cunningham via OilPrice.com
- Yellen To WallStreet: Slow It Down by Mark DeCambre via MarketWatch
- This Bull Market May Soon Hit Resistance by Michael Kahn via Barron’s
- Is The Trump Stock Bubble Ready To Bust? by Bress Levin via Vanity Fair
- Only Blind Faith Could Have Me Long This Market by Doug Kass via Real Clear Markets
- Dow 21,000 Masks Stocks Being Left Behind by Anthony Mirhaydari via Fiscal Times
- Why Investors Shouldn’t Just “Buy Everything” by Joseph Adinolfi via MarketWatch
- Too Far Too Fast? by Paul La Monica via CNN Money
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Research / Interesting Reads
- Chicago Fed: Economy Has Been Stalling by Jeff Seymour via HVST.com
- The Flip Side Of Interest Rates by Matthew Klein via FT Alphaville
- Millennials Becoming More Socialist by Joel Kotkin via The Daily Beast
- How The Fed Is Gaslighting You by Mike aka Gubbmintcheese
- Lies, Damn Lies & Taxes by Marc Chandler via Real Clear Markets
- You Should Be Afraid Of FaceBook by Leonid Bershidsky via Bloomberg
- Debunking Myths Of IRA’s by Maurie Backman via USA Today
- Cash-Out Refinancing Signs Of Trouble by Keith Jurow via Advisor Perspectives
- The Fed’s Credibility Problem by Jeffrey Snider via Alhambra Partners
- Recession Concerns Grow As Gas Slides By Most In 16 Years by Tyler Durden via ZeroHedge
- Financial Engineering Has Masked Economic Health by Satyajit Das via MarketWatch
- When Speculator Prosper Through Ignorance by John Hussman via Hussman Funds
- Stocks Boast Record Run Of Buoyant Behavior by Dana Lyons via Tumblr
- What’s A Prudent Investor To Do? by Jesse Felder via The Felder Report
….
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POLITICS
Consumer
confidence fell for the first time since November’s election, as party lines
divided Americans following a boost in enthusiasm for Trump's economic
policies. Democrats and Republicans are sharply divided
on whether they expect a boom or bust, with independent voters leaning
more toward optimism to boost the broader gauge.
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"The
FBI is totally unable to stop the national security "leakers" that
have permeated our government for a long time. They can't even find the leakers
within the FBI itself... FIND NOW"
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Our country was founded on unalienable rights, not rights granted by
Washington... And there is no
way to square such coercive "social justice" with "liberty and
justice for all."
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WORLD ISSUES and ME
To those cynics who accuse the self-monitoring
OPEC, and its various adjunct agencies, of lying that it has implemented last
year's agreed upon production cuts, China just released January crude import
data, which validates this skepticism.
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"China has no intention of seeking foreign trade advantages via an
intentional devaluation of the renminbi. There is no basis for the continued
devaluation of the renminbi" but "If you must
attach the label 'grand champion' to China, then I think China is a grand
champion. But we are the grand champions of economic development."
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With the German Schatz plunging to a record -0.85%, Citi analysts write
that the German 2Y yield will likely make new historic lows, no matter what
happens in French politics, because
the ECB needs to buy around EU80b 1-6y Germany by year-end, and as a result traders will keep frontrunning ECB purchases,
pushing the Schatz well below -1.00%
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Italy, along with certain other 'Club
Med' nations, has passed the point of no return in terms of big government,
demographic decline, and societal dependency...
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DEMOCRACY NOW
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GLOBAL RESEARCH
Syria’s
Draft Constitution, “No Military Solution”. Russia Now Runs the Peace Process
to End Syria’s War Part III
By Eric Zuesse
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INFORMATION CLEARING HOUSE
Trump Relinquishes Control of Foreign Policy By Mike Whitney the odds of normal relations with
Russia have dropped to zero
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Trump’s Pick for Israel Envoy Boasted of
Removing 2 States from Republican Platform By Times of Israel
staff. Friedman, has been a vocal
supporter of Israeli settlements in the West Bank
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Lock up England in Jail or an Insane Asylum! By Andre Vltchek ‘Great’ Britain should sit down on
its ass and cry in horror.
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COUNTER PUNCH
John Laforge Did
Obama Pave the Way for More Torture?
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Patrick Cockburn The
Coming Decline of US and UK Power
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John Chuckman Israel’s
Terrible Problem: Two States or One?
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Norman Pollack Drumbeat
of Fascism: Find, Arrest, Deport
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Elliot Sperber Why
Resistance is Insufficient
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Eric Sommer Organize
Workers Immigrant Defense Committees!
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SPUTNIK and RT SHOWS
Trump to FBI: Find Leakers Now! The most stupid Argt to start WW3.. https://sputniknews.com/politics/201702241051024247-trump-demands-fbi-identify-leakers/
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Trump Puts in Doubt US-Russia Strategic Deals in an 'Alarming' Signal to Moscow https://sputniknews.com/politics/201702241051002132-us-russia-nuclear-arms/
Related
US Nuclear-Capable B-2 Bombers Get New Flight Management Processors https://sputniknews.com/military/201702241051024722-us-nuclear-capable-b2-processors/
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China to Trump: North Korean Nuclear Program is Your Problem https://sputniknews.com/politics/201702241051024612-china-tells-us-handle-dprk/
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France Wants Unanimous Support From UNSC on Syria Chemical Weapons Resolution https://sputniknews.com/politics/201702251051029112-france-syria-chemical-weapons-support/
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RT SHOWS
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WASHINGTON BLOG
Posted on February 24, 2017 by WashingtonsBlog
The CIA backed a right-wing coup in Syria in 1949. Douglas Little, Professor,
Department of Clark University History professor Douglas Little notes:
Recently declassified records… confirm that beginning on November 30,
1948, [CIA operative Stephen] Meade met secretly with Colonel Zaim at least six
times to discuss the “possibility [of an] army supported
dictatorship.” [“Cold War and Covert Action: The United States and Syria,
1945-1958,” Middle East Journal, Winter 1990, p. 55]
***
As early as 1949, this newly independent Arab republic was an important
staging ground for the CIA’s earliest experiments in covert action.
The CIA secretly encouraged a right-wing military coup in 1949.
The reason the U.S. initiated the coup? Little
explains:
In late 1945, the Arabian American Oil Company (ARAMCO) announced
plans to construct the Trans-Arabian Pipe Line (TAPLINE) from Saudi Arabia to
the Mediterra- nean. With U.S. help, ARAMCO secured rights-of-way from Lebanon,
Jordan and Saudi Arabia. The Syrian right-of-way was stalled in
parliament.
In other words, Syria was the sole holdout for the lucrative
oil pipeline.
(Indeed, the CIA has carried out this type of covert action right from the start.)
In 1957, the American president
and British prime minister agreed to launch regime
change again in Syria. Historian Little notes that the coup plot was
discovered and stopped:
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
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Donald Trump ¿Se terminó el "outsider"? Iroel Sánchez
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Keiser
report 1036 "La verdadera razón por la que
existe ese odio a Rusia"
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PRESS TV
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Russian
politicians warn against new renewed arms race to achieve nuclear sup
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Trump
vows ‘biggest military build-up in American history’
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Turkey
shifting to open prisons amid overcrowding
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‘Trump's
plan to expand nukes threatens the world
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