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Gundlach Predicts Yellen Will Be Dovish Today; Is "Quite Sure" Oil Prices Are Going Down Again

With verious Fed presidents having whipping up the market into a hawkish frenzy in the past two weeks, leading to a dramatic repricing in summer rate hike odds with expectations for a July rate hike now over 50%, many can be "disappointed" by Yellen's speech today, at least according to Jeff Gundlach who said Yellen appears to be more cautious on raising interest rates and he expects her comments to be dovish again on Friday, when she is scheduled to speak at an event in Harvard-Radcliffe.


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All Eyes On Yellen: Global Markets Flat On Dreadful Volumes, Oil Slides

In a world where fundamentals don't matter, everyone's attention will be on Janet Yellen who speaks at 1:15pm today in Harvard, hoping to glean some more hints about the Fed's intentionas and next steps, including a possible rate hike in June or July. And with a long holiday in both the US and UK (US bond market closes at 2pm today), it is no surprise overnight trading volumes have been dreadful, helping keep global equities poised for the highest close in three weeks; this won't change unless Yellen says something that would disrupt the calm that’s settled over financial markets.


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First Photos Of US Soldiers In Syria Released

Following the propagandist double-speak gushing forth from the Obama administration over when a "boot on the ground" in Syria is a "boot on the ground," the following photographs via Agence France-Presse confirm US special operation forces in a rural village 40 miles from Raqqa. As The Guardian reports, the Pentagon press secretary, resisted commenting on the photographs and would only describe the US special operations forces’ mission in generic terms, despite the fact that these troops are at the frontline of fighting when President Obama assured America that forces are consistently behind the forward lines.


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It's Over: Even MSNBC Turns On Hillary - "Stop Lying, Stop Digging"

"It’s pretty remarkable," "Morning Joe" host Joe Scarborough said of Clinton’s response to the OIG watchdog report "I don’t understand why you put out a statement like that,” Scarborough added. "Stop lying, stop digging." The slam continued: “'I screwed up. I’m terribly sorry,'" he offered as alternate responses. "'I hope the American people will forgive me and I hope they will let us move on to the issues that matter.'”


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And Another Week Of Selling: "In 2016, Equity Funds Have Lost The Largest Ever Outflow For The Asset Class"

As BofA also put it: "Equities continued to experience outflows and lost $3.32bn (-0.1%) last week, their 4th consecutive decline. Year-to-date, equity funds have lost $58.6bn (-0.6%), the largest ever dollar outflow in any 22 week period for the asset class"


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Guest Post: Has The Pope Abandoned Europe To Islam?

In 2006, Pope Benedict XVI said what no Pope had ever dared to say -- that there is a link between violence and Islam. Ten years later, Pope Francis never calls those responsible for anti-Christian violence by name and never mentions the word "Islam." To scroll the list of Pope Francis's apostolic trips -- Brazil, South Korea, Albania, Turkey, Sri Lanka, Ecuador, Cuba, United States, Mexico, Kenya, Uganda, Philippines -- one could say that Europe is not exactly at the top of his agenda. The two previous pontiffs both fought for the cradle of Christendom. Pope Francis, on the contrary, simply ignores Europe, as if he already considers it lost.


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How Bad Are The US Computer Systems? An 8'' Floppy Disc Houses Nuclear Coordinate Data

If you thought that $80 billion a year would be a sufficient enough budget for the US government to systematically upgrade its computer systems, think again.


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The Looting Stage Of Capitalism Begins: Germany's Assault On The IMF

Greece is being destroyed by the EU that it so foolishly joined and trusted. The newspaper headlines are nothing but fluff that provide cover for the IMF to succumb to presssure and violate its own rules. The cover lets the IMF say that a (future unspecified) debt writedown will enable Greece to service the remainder of its debt and, therefore, the IMF can lend Greece the money to pay the private banks. To call the looting of a country and its people a “bailout” is Orwellian.  The brainwashing is so successful that even the media and politicians of looted Greece call the financial imperialism that Greece is suffering a “bailout.”


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This Is How Much Your Health Insurance Payment Is About To Jump By

For all those currently enrolled in healthcare plans administered in the following states, this is how much, on average, your plans will go up by.


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Beware What Washington Wishes For - Russia Is Ready For War

A case can be made that the Beltway – neocons and neoliberalcons alike - do not want a hot war with Russia. What they want, apart from racking in more cash for the Pentagon, is to raise the ante to such a high level that Moscow will back down - based on a rational cost analysis. Yet oil prices will inevitably rise later in 2016 – and under this scenario Washington is a loser. So we may see a raise of interest rates by the Fed (with all the money continuing to go to Wall Street) trying to reverse the scenario. Russia does not want – and does not need – war.. but The Aegis changes the game in the sense that it qualifies as a launch area for US missile defense.


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Is There Ample Evidence To Indict Hillary? This Judge Thinks So

"I believe there's ample evidence to indict her and the only way she wouldn't be is if the president or the attorney general makes a political decision."


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Five Years Later, TEPCO Still Can't Locate 600 Tons Of Melted Radioactive Fuel

Five years after the Fukushima tragedy, TEPCO's chief of decommissioning Naohiro Masuda admits that the company still has no idea exactly where 600 tons of melted radioactive fuel from three nuclear reactors is located.


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China's Credit-Fuelled Economy Is "Gyrating Like A Spinning-Top That's Out Of Momentum"

China's hard landing has already begun, warns economist Richard Duncan as the nation's credit-fuelled economic boom ended in 2015 and a protracted slump lies ahead. He has published a series of videos explaining why China’s economic development model of export-led and investment-driven growth is now in crisis leaving "China’s economy resembles a spinning top that is running out of momentum. It is wobbling and gyrating erratically."


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Examining American Exceptionalism

In the hands of the few, trademarked American Exceptionalism acts as a battering ram, is a corporate brand name front that unites evangelism, militarism and Keynesianism, that installs dictators, that perpetuates privately-owned fiat currencies, that topples the same dictators to create in name-only democracies, that trains militants and insurgents, that funds gladio-styled terrorism, NATO, international banking organizations, the IMF, the World Bank, Export-Import Banks, that emasculates Europe, that fans and funds conflict between installed dictators and in name-only democracies, between insurgents and loyalists, this City on the Hill, these thousand points of light. But below the surface, this thing about America that is exceptional but not distinct from other cultures...


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"You Are Redefining Yourself As A Comic-Book Villain" - Nick Denton's Open Letter To Peter Thiel

"Peter, this is twisted. Even were you to succeed in bankrupting Gawker Media, the writers you dislike, and me, just think what it will mean. The world is already uncomfortable with the unaccountable power of the billionaire class, the accumulation of wealth in Silicon Valley, and technology’s influence over the media.... you are redefining yourself as a comic-book villain. However philanthropic your intention, and careful the planning, the details of your involvement will be gruesome."


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