- January Jobs Report Closely Watched for Momentum, Wages (WSJ)
- Oil prices steady, weak fundamentals weigh after volatile week (Reuters)
- How Much Global Oil Output Halted Due to Low Prices? Just 0.1% (BBG)
- Congress Tweet 'Unfortunate,' Lawyer Says as Shkreli Goes Online (BBG)
- Syrians Flee Aleppo to Escape Damascus Offensive Against Rebels (WSJ)
- Dollar Set for Biggest Weekly Loss Since 2009 Before Jobs Data (BBG)
US futures were largely unchanged overnight, with a modest bounce after the European close driven by a feeble attempt to push oil higher, faded quickly and as of this moment the E-mini was hugging the flatline ahead of today's main event - the January payrolls, expected to print at 190K and 5.0% unemployment, however the whisper number - that required to push stocks higher - is well lower, at 150K (according to DB), as only a bad (in fact very bad) jobs number today will cement the Fed's relent and assure no more rate hikes in 2016 as the market now largely expects.
Literally days after he predicted oil would double from its $26 "bottom", Pickens told Bloomberg that he has cashed out.
"... if China FX reserves data is better than expected, we think a bear market rally is likely to be vicious."
“If some fund manager in Texas is saying that your currency is dramatically overvalued, you shouldn’t care on a $10 trillion economy with $34 trillion in your banks. I have, call it a billion - it’s so small it should be irrelevant and yet somehow it’s really relevant.”
If you fight, then there is a chance. If you do not fight, then failure is guaranteed. The "odds" are irrelevant. How you fight (fighting smart) is the only matter of importance.
Recently we joked that it is unclear just where Venezuela will find all the paper banknotes it needs for all its new currency. And, as if on cue, the WSJ answered. As it turns out we were not the only ones wondering how the devastated "socialist paradise" gets its exponentially collapsing paper currency, which in just the past month has lost 17% of its value. The answer: 36 Boeing 747s.
Freedom is an action word. It means turning off your screen devices - or at least greatly reducing your viewing time - and getting active to take to stave off the emerging authoritarian government. Aldous Huxley, George Orwell, and the countless science fiction writers and commentators have warned that we are in a race between getting actively involved in the world around us or facing disaster. If we’re watching, we’re not doing.
"German and Arabic should be mandatory for all students through high school. We would appreciate it, to be a country of immigration and a multilingual society."
The Postal Service desperately needs cash. So what better way to raise capital than to sucker unsuspecting Americans into opening up Postal bank accounts? There’s a term for this. It’s called a Ponzi Scheme.
As much as economists talk about the independence that the Fed holds from Congress, remittances represent a strong link. In fact, since they enable federal spending they create a form of quasi-fiscal policy for the Fed to use, in addition to its more common monetary policy options. Without Fed remittances, retirees might see their monthly check cut by about 12 percent.
It appears that after a protracted fight, Russia and Hezbollah are poised to recapture Aleppo where militants are now surrounded. Critically, Russia and Iran have now cut off supply lines from Turkey. With the deck now stacked against the opposition, John Kerry and, to a greater extent Turkey, are getting visibly desperate.
Former U.S. President and Nobel Peace Prize winner Jimmy Carter has taken aim at the “erroneous” Supreme Court ruling that “gives legal bribery a chance to prevail.”
Perhaps it was the publicity stunt Trump pulled last Thursday when he skipped the final debate before the caucus in order to hold his own, competing event right up the street, or perhaps some voters lost their nerve at the last minute, but whatever the case, the man who “hates losers” lost in Iowa this week and it's cost him in the national polls.