SWIFT

Trump Delays New Travel Ban To Next Week, No Reason Given Why

A White House official sai on Wednesday that Donald Trump is pushing back the release of his revised executive order on travel and refugees until next week. Trump had said that a revamped executive order, tailored to address legal issues that blocked his original travel ban, would be released this week.  No explanation was given for the delay.

Milo Yiannopoulos Resigns From Breitbart News

"Today, Milo Yiannopoulos, Senior Editor at Breitbart News, announced his resignation from the company. "Breitbart News has stood by me when others caved. They have allowed me to carry conservative and libertarian ideas to communities that would otherwise never have heard them. They have been a significant factor in my success. I'm grateful for that freedom and for the friendships I forged there."

The Oroville Crisis Exposes The Vulnerability Of America's Entire National Dam System

"Certainly someone in the 1960’s would never believe that the United States would have these issues, but we’ve ignored them far too long... When we look at this dam, which is a highly regulated dam, a dam more highly regulated than almost any others. They had an emergency spillway filled with trees. They had a principle spillway that was in the process of failing and had been for years. So, if this can exist on one of the most highly regulated dams then one can just interpolate and imagine what the rest of the situation is like."

Frontrunning: February 14

  • Yellen to Face Questions on Trump’s Impact on Economy (WSJ)
  • Fed has limited view on Trump economic policies as Yellen heads to Congress (Reuters)
  • Oil rises as OPEC-led output cuts trim oversupply (Reuters)
  • Mnuchin’s G-20 Debut Clouded by Currency Chatter (BBG)
  • Israel’s Netanyahu Prepares for High-Stakes Talks With Trump (WSJ)
  • Peugeot Owner in Talks to Buy GM’s European Business (BBG)

US Rig Count Rise Continues: What Will OPEC Do If The Market Doesn't Rebalance?

EIA confirmation of OPEC cut-compliance is trumping the dismal inventory data and surging US production for now. However, as US oil rig counts continue to rise (+8 to 591 - highest since Oct 2015) with US crude production charging ahead with it, the question many should be asking (given all-time record high net long speculative positioning in WTI/Brent) is "what will OPEC do if the market doesn't rebalance?"

Trump Reverses, Agrees To Honor "One China" Policy In First Phone Call With Xi

In a major reversal to his stated foreign policy framework with China, in his first phone call held with China's president Xi Jinping held on Thursday night, President Donald Trump agreed to honor the "one China" policy, easing a key source of diplomatic tension between the world’s two largest economies.

Irreversible Damage - The U.S. Economy Cannot Be Repaired

The mainstream media has been carefully crafting the propaganda meme that the Trump administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline and will likely witness severe and accelerated decline over the course of the next year. The signs are already present, and this fits exactly with the basis for my prediction of the Trump election win - conservative movements are indeed being set up as scapegoats for a global economic crisis that international financiers actually created.

Make Stocks Volatile Again

January tends to show extremes of the market’s perceptions of near term risks, for good or for bad. And we know that at current levels the VIX highlights a complacent market. Does that assure us that things will get choppier from here? Of course not. But to be boldly bullish here is to ignore the historical patterns. And that seems riskier than staying aware of both history and current market dynamics. Based on the level of the economic policy uncertainty in the world, a regression model would have predicted that the VIX would be pushing 30 instead of hovering around 10.

Learning From The TV (Imagine That!)

The amount of time we collectively throw away watching what passes as "content" today on TV is truly depressing;. But amidst the vast sea of cable-network detritus, every so often there's a show or two that is worthwhile -- either for entertainment or for learning something.