Trump Accuses Obama Of Being Behind Protests, Leaks

In an interview with Fox & Friends airing early Tuesday, President Trump blamed former President Obama for protests against him and other Republicans, as well as some of the leaks to come from the White House: “I think President Obama’s behind it, because his people are certainly behind it."

The Greek "Bank Jog" Is Back: Bank Deposits Tumble To Lowest Since 2001

Greek private sector bank deposits declined in January for the second month in a row, driven by renewed concerns over the country's neverending bailout. Business and household deposits fell by €1.63 billion, or 1.34% month-on-month to €119.75 billion ($126.8 billion), the lowest level since November 2001.

Despite Rising Mortgage Rates, Home Prices Jump Most In A Year

Despite soaring mortgage rates, US home prices rose at 5.58% year-over-year in December according to the latest (lagged) data from S&P Case-Shiller. The 0.93% monthly gain in the best for December in at least a decade. However, the lagged response (as seen in pending home sales this week) suggests this odd 'stability' in home price appreciation may be set to become more volatile at least...

Europe: Laughing At The Messenger

" It might make us feel better, but every time we attack or laugh at the messenger, rather than addressing the message, we ensure that our own future will be less funny."

Q1 GDP At Risk As Trade Deficit Balloons Near 9 Year Highs

On the heels of a disappointing revised Q4 GDP print, the US trade balance for January printed a $69.2 billion deficit. This is the second largest deficit since August 2008 (slightly smaller than the March 2015 plunge) as the dollar surge has not helped.

In Latest Tightening Move, China To Cut Money Supply Growth To 12%

In the latest warning that Beijing hopes to tighten financial condition, Reuters reported that China plans to target broad money supply growth of around 12% in 2017, down from the 13% target in 2016, signaling a bid to contain debt risks while keeping growth on track.

Frontrunning: February 28

  • Trump Puts the Final Touches on His Speech (BBG)
  • Trump to Make Case for Higher Military Spending, Lay Out Vision in Speech (WSJ)
  • Traders Are Glued to These Stocks Ahead of Tonight’s Trump Speech (BBG)
  • Trump Regulation Rollback May Threaten U.S. Firms' EU Access (Reuters)
  • GOP Health Plan Suffers Blow With Rejection by Key Republican (BBG)

Target Plunges 12% After Missing Lowest EPS Estimate, Slashing Outlook

When we discussed yesterday Reuters' report that Wal-Mart is now actively "price testing" its products, and squeezing vendors in a scramble to preserve market share while keeping margins relatively flat, we cautioned that this is the latest indication of what appears to be a pervasive "deflationary shock" among the retail industry which is caught in a vicious fight for market share. This morning's results from Target validated this observation.

With All Eyes On Trump Tonight, US Futures, Global Stocks Hug The Flatline

With traders focused on President Trump's address to Congress tonight where he is expected to outline his economic priorities and provide plan details, European stocks are little changed for a second day and Asian stocks decline modestly as U.S. futures trade around the flatline. Oil declines, while the dollar is little changed.

Romania's Unrevolutionary Revolution

February in Romania has brought 27 consecutive days of protests against the current government, at a scale unmatched since the Revolution in 1989.

Millionaire Migrants: Countries That Rich People Are Flocking To

Money may not buy happiness, but it does buy the ultimate flexibility for making financial and lifestyle decisions. For many of the world’s millionaires, money provides a highly effective means to escape their home country when times get tough.

Plot Holes - The Michael Flynn Affair

The Michael Flynn Affair is one of those movies where you figure out a jumble of things that don’t make sense as you walk out of the theater.

Here's How The Deep State Is Trying To Lead Trump Into A Nuclear War

A Pentagon panel known as The Defense Science Board, told the Trump administration that they need to remake our nuclear arsenal into a force that is capable of engaging in a "limited" nuclear war. There’s only one problem with the idea of engaging in a limited nuclear war. It simply can’t be done.