Turkish President Recep Tayyip Erdogan's bullying isn’t confined to his domestic political agenda. Greek media has obtained an internal memo which suggests the Turkish strongman effectively blackmailed the EU by demanding cash payments in exchange for efforts to curb the flow of migrants into Western Europe "So how will you deal with the refugees if you don't get a deal? Kill them?"
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.
Martin Shkreli Pleads The Fifth During Congressional Hearing On "Skyrocketing" Drug Prices - Live FeedSubmitted by Tyler Durden on 02/04/2016 09:42 -0500
Martin Shkreli has pleaded the Fifth amendment right against self-incrimination during the hearing.
“I honestly don’t know what happened. I know there are some precincts that have still not reported. I can only hope and expect that the count will be honest. I have no idea. Did we win the popular vote? I don’t know."
China's mid-tier banks are piling up exposure to the riskiest subset of borrowers at a time when economic fundamentals are deteriorating on a near daily basis. Meanwhile, this exposure is being carried on a line item that allows the banks to avoid provisioning for the losses that will almost certainly materialize in the not-so-distant future. At one bank, this one line item is larger than the entire Philippine banking system.
Since granting IEX exchange status would lead to an immediate market structure disruption, one which would impair such embedded HFT players as Citadel which, as we have explained previously is the NY Fed's preferred "arms length" intermediator in the market to ingite momentum at critical downward junctions, we are very skeptical that when all is said and done, the SEC will grant IEX what it wants: after all there are too many status quo revenue models at stake, not to mention a potential threat to the Fed's preferred market "intervention" pipeline.
Just as we warned, and she mush have known, it appears at least 22 of the emails found on Hillary Clinton's private email server have been declared "top secret" by The FBI (but will not be releasing the contents) according to AP. The revelation comes just three days before the Iowa presidential nominating caucuses in which Clinton is a candidate. As we previously noted, the implications are tough for The DoJ - if they indict they crush their own candidate's chances of the Presidency, if they do not - someone will leak the details and the FBI will revolt...
The Goldman banker who helped arrange the financing for 1MDB, Malaysia's controversial development bank, is taking a "personal leave" and moving to Los Angeles from Singapore. Although it's not clear why Tim Leissner is making the change, the timing certainly is interesting...
... Rothschild’s Penney wrote that the U.S. “is effectively the biggest tax haven in the world.” The U.S., he added in language later excised from his prepared remarks, lacks “the resources to enforce foreign tax laws and has little appetite to do so.”
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.
Remember when Bitcoin and its digital currency cohorts were slammed by authorities and written off by the elite as worthless? Well now, as the war on cash escalates, officials from The IMF to China are seeing the opportunity to control the world's money through virtual (cash-less) currencies. Just as we warned most recent here, state wealth control is the goal and, as Bloomberg reports, The PBOC is targeting an early rollout of China's own digital currency to "boost control of money" and none other than The IMF's Christine Lagarde added that "virtual currencies are extremely beneficial."
"Please, PEPPER SPRAY ALL THE ATTENDEES OF DAVOS in order to halt the rape of taxpayers and consumers across the globe. This annual conclave is responsible for more wealth destruction and the widening disparity in GINI coefficients than any public policy."
"Floating plants offer various advantages: construction in a factory or shipyard should bring efficiencies; siting is simplified; environmental impact is extremely low; and decommissioning can take place at a specialised facility"...
On Monday the Supreme Court declined to hear a petition from the Electronic Privacy Information Center (EPIC) that sought to force the Department of Homeland Security to release details of a secret “killswitch” protocol to shut down cellphone and internet service during emergencies.