Crude Crushed After API Reports Biggest Inventory Build In 11 Months

Following last week's builds overall and at Cushing, and Genscape's Cushing build warnings, expectations were for a 3.3m build overall (and 700k build at Cushing). API reported a massive 9.9mm build - the largest since April 2015; and a yuuge build at Cushing of 1.8mm (most in 3 months). Gasoline saw a draw but Distilates a notable build. Following today's v-shaped recovery in WTI, and NYMEX close ramp, the API data has sent crude reeling.

The Entire System Is Rigged Against Your Prosperity

This system makes the US, and most Western countries, easy to be a consumer. But it’s becoming more difficult to be a producer. This entire system is rigged against the Universal Law of Prosperity. And when all the incentives make it easier to consume than produce, it’s not hard to figure out where this destructive path will ultimately lead.

Downside Risk Escalates As "New Highs" Falter

So has the latest rally kicked the equity market correction to curb and have equity markets entered into a new bull phase? Unfortunately, one of the more reliable market internal data points is indicating to us that there is probably further downside ahead in the short-term for investors.

Sweden's Migration "Industry"

Although a small clique in Sweden have become millionaires because of the migration industry, the schools, police, social services and taxpayers in Sweden have lost a lot and have a difficult and uncertain future. There will be major conflicts in Sweden. There is nothing "noble" in Sweden's migration policy, which, far from being a good example of how a migration policy should function, is an embarrassment and a disaster, and its final result is chaos, conflict, and corruption.

The Great Corporate Earnings Fraud

Corporate earnings reports for the fourth quarter are pretty much in the books. The deception, falsification, accounting manipulation, and propaganda utilized by mega-corporations and their compliant corporate media mouthpieces has been outrageously blatant. It reeks of desperation as the Wall Street shysters attempt to extract the last dollar from their muppet clients before this house of cards collapses.

This Is The Reason For Today's Nat Gas Surge

"On Tuesday, March 1, 2016, Rockies Express Pipeline LLC (“REX”) experienced an operational interruption at its mainline on Segment 390 in Monroe County, Ohio. REX is currently mobilizing repair crews however a return to service date is unknown at this time. REX will post updates as additional information becomes available. Accordingly, REX is declaring a Force Majeure situation..."

London Bubble Trouble - Visas Issued To Wealthy Foreigners Plunge 84%

It appears the music may have finally stopped for one of the world’s largest luxury real estate bubbles: London. One of the primary drivers behind the weakness in this “asset class” is a sharp reduction in the numbers of foreign criminals laundering money via real estate.

Apple, FBI Square Off On Capitol Hill Over iPhone Encryption - Live Feed

The most valuable company on the planet is set to square off against the FBI on Tuesday before the House Judiciary Committee in a highly publicized dispute regarding the iPhone that belonged to Syed Farook who, along with his wife, murdered more than a dozen people in December at a San Bernardino county holiday party.

China's Mass Unemployment Wave Begins: Six Million Workers To Get Pink Slips

Today, Reuters finally peels away the first layer of just how bad China's mass layoff wave will be when it reports that China aims to lay off 5-6 million state workers over the next two to three years as part of efforts to curb industrial overcapacity and pollution. As Reuters adds, "China's leadership, obsessed with maintaining stability and making sure redundancies do not lead to unrest, will spend nearly 150 billion yuan ($23 billion) to cover layoffs in just the coal and steel sectors in the next 2-3 years."

Most "Priced In" Policy Since 2011 - Why Draghi Better Not Disappoint

Mario Draghi better put up or shut up at the next ECB meeting as the market is more-than-pricing-in a very significant deposit rate cut (deeper into NIRP). In fact, at -56bps, 2Y German bond yields are the most "priced in" since 2011 (and bear in mind he disappointed in December).

"Iron Lady" Summarizes Brexit Decision In 3 Words

In 1990, British Prime Minister Margaret Thatcher exclaimed her opposition the common currency and European integration very simply: "No! No! No!" Perhaps it is time to revisit her thoughts as Britain considers leaving The EU.

Global Manufacturing Rolling Over: Over 70% Of Global PMIs Decline In February

28 regions have reported their global manufacturing PMI surveys so far. Seven saw improvements in their manufacturing sectors in February, twenty recorded a weakening, and India was unchanged. This means that over 70% of the world saw manufacturing sentiment deteriorate in February compared to January.