- Global Stocks Bounce Back After Market Selloff; Asia Stumbles (WSJ)
- New Hampshire Bucks the Establishment to Back Trump and Sanders (BBG)
- Trump shows his U.S. presidential bid is no mere publicity stunt (Reuters)
- Clinton Is Outdone by a Competitor Once Considered a Fringe Candidate (WSJ)
- Deutsche Bank Jumps as Lender Said to Consider Bond Buyback (BBG)
- Bank Executives Leading Surge of Insider Buying Amid Stock Rout (BBG)
Literally one second after the polls closed at 8:00 pm, virtually all the media outlets, including AP, NBC and CNN, covering the NH primary called the outcome:
Republican winner: Donald Trump
Democrat winner: Bernie Sanders
World Succumbs To Zika Panic: Puerto Rico Declares Emergency; Plane Cabins Sprayed; CDC Says "Use A Condom"Submitted by Tyler Durden on 02/05/2016 19:33 -0400
Guess who will be blamed in a few months when global trade, commerce, and growth all go negative?
“We finished second and I want to tell you, I’m just honored. I want to congratulate Ted, and all of the incredible candidates,”
"The money he raised early was largely in order to give him the chance to blow the others away early, which we know he did not do..."
Speaking of the need for citizen participation in our national politics in his final State of the Union address, President Obama said, “Our brand of democracy is hard.” A more accurate characterization might have been: “Our brand of democracy is cold hard cash.” Cash, mountains of it, is increasingly the necessary tool for presidential candidates. Several Powerball jackpots could already be fueled from the billions of dollars in contributions in play in election 2016. When considering the present donation season, however, the devil lies in the details, which is why the details follow.
While federal, state and local programs aimed at securing permanent housing for certain groups, such as veterans and the chronically homeless, have helped bring down the number of homeless people nationally, but amid Federal-Reserve-"wealth"-fueled gentrification, WSJ reports many cities are seeing the number of homeless soar. In New York, the homeless population increased nearly 42% to 75,323 from 53,187 and though the roots of the clashes vary, a common theme runs through many: The conflict between established homeless populations and new residents drawn by redevelopment.
America is inching ever closer to putting itself in a position of having to choose between an avowed socialist and what the Des Moines Register calls "a smash-mouth game show host" as Trump and Sanders poll strongly in Iowa ahead of caucus.
Eventually the prospect of recession that can’t be cured by the central bank printing presses will ignite sheer panic in the casino. Then the monetary fools running them will be reviled to the ends of the earth. But not before the lunatic 100X valuations of the FANGs implode like those of all the high flyers which have gone before. For the third time this century it is time to sell the bubble. Yes, do back up the trucks!
If there is one thing that Americans can agree on these days, it is the fact that most of them don't like the government.
The first real signs that the global luxury home price bubble had popped emerged last fall in the world’s capital of oligarch money laundering: London. Since then, we have seen weakness in high end Manhattan real estate, but the trend has now spread and is starting to make itself apparent all over the place.
Politicians are all corrupt; those few who do initially join to "help the people" either soon get corrupted, or are mulched out of the system. None are more corrupt than those who are at the very top of American politics; the so-called "survivors." Some politicians made the mistake of admitting their own wrong-doings, and others have "whistleblow"-ed on the corrupt nature of American politics.
An active shooter was reported at the Naval Medical Center San Diego on Tuesday, according to a post on the medical center's Facebook page.
When it comes to political entertainment, it doesn’t get much better than presidential election season in the United States. Edward Bernays, the father of modern public relations, examined it in 1928, in his book Propaganda. "Politics was the first big business in America,” he declared, and political campaigns are “all side shows, all honors, all bombast, glitter, and speeches.” The key to victory is the manipulation of public opinion, and that is achieved most effectively by appealing to the "mental clichés and emotional habits of the public."
As we put it on Friday, "the Texas recession is only in its early innings," because we are just now beginning to witness the bankruptcies and shut-ins that will soon become endemic and sweep across the entire US oil patch as revolvers are reigned in and Wall Street suddenly refuses to finance uneconomic producers' funding gaps. So how bad can things get in Texas, you ask? Goldman has ventured a guess.