http://www.zerohedge.com/fullrss2.xml/wp-login.phpUnder en The Oil Production Cuts Are Purely Symbolic Marketing Trickery (Video) http://www.zerohedge.com/news/2017-01-22/oil-production-cuts-are-purely-symbolic-marketing-trickery-video <p>By <a href="http://www.econmatters.com/search/label/EconMatters"><span style="text-decoration: underline;"><span style="color: #0066cc;">EconMatters</span></span></a> </p> <p><em><br /></em> </p> <div class="separator" style="clear: both; text-align: center;"><a title="Open in new window" class="external" href="https://2.bp.blogspot.com/-Wyxs3ZhBvnw/WIUaYMbkm2I/AAAAAAAANbs/mURTsca3FYs7qQVaMrI3659et4GOIJbUQCLcB/s1600/markets_energies_crude-oil_849x565.jpg" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img src="https://2.bp.blogspot.com/-Wyxs3ZhBvnw/WIUaYMbkm2I/AAAAAAAANbs/mURTsca3FYs7qQVaMrI3659et4GOIJbUQCLcB/s400/markets_energies_crude-oil_849x565.jpg" border="0" width="400" height="265" /></a></div> <p> The OPEC and Non-OPEC Oil Production cuts are actually a joke in the bigger scheme of things, the oil markets have been over supplied for a decade. The Market`s self serving definition of a balanced oil market is complete nonsense on a larger macro view of the market. </p> <p> There is a reason the 5-year averages for oil stocks have been rising every year I have been trading the oil market. It isn`t a coincidental indicator that more oil storage facilities are being built or expanded every year for the last 15 years of the modern electronic oil markets. </p> <p> There is so much oil and derivative oil products in storage on a global calculus, that it is a joke if OPEC thinks they have cut enough to actually long term balance the oil markets. </p> <p> In addition they are delusional if they think a little six month seasonal pullback in production is going to do anything other than artificially set the oil market up for the next leg back down in the second half of 2017.</p> <div class="separator" style="clear: both; text-align: center;"><iframe src="https://www.youtube.com/embed/BUDYi70UYhA?feature=player_embedded" width="320" height="266" frameborder="0"></iframe></div> <p>&nbsp;</p> <div class="separator" style="clear: both; text-align: center;"><a title="Open in new window" class="external" href="https://4.bp.blogspot.com/-aLuyafaH95Q/WIUemYz2jeI/AAAAAAAANb4/sHtsYAtwfDI_FePTBjU2jMuaonmb54qSwCLcB/s1600/united-states-crude-oil-production.png" style="margin-left: 1em; 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margin-right: 1em;" target="_blank"><img src="https://4.bp.blogspot.com/-QJzfN5kwbrs/WIUfOEZrqwI/AAAAAAAANcY/NUkYzKO-SBgjOAnH_0vSfLs-b_93KvidACLcB/s640/nigeria-crude-oil-production.png" border="0" width="640" height="298" /></a></div> <p> © <a href="http://www.econmatters.com/" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">EconMatters</span></span></a> All Rights Reserved | <a title="Open in new window" class="external" href="http://www.facebook.com/EconMatters" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">Facebook</span></span></a> | <a title="Open in new window" class="external" href="http://twitter.com/#!/EconMatters" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">Twitter</span></span></a> | <a title="Open in new window" class="external" href="http://www.youtube.com/c/Econmatters" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">YouTube</span></span></a> | <a title="Open in new window" class="external" href="http://feedburner.google.com/fb/a/mailverify?uri=EconForecast" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">Email Digest</span></span></a> | <a title="Open in new window" class="external" href="http://astore.amazon.com/econforecast-20?_encoding=UTF8&amp;node=80" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">Kindle</span></span></a><strong>&nbsp;</strong><em>&nbsp;</em><span style="text-decoration: underline;">&nbsp;</span><span style="text-decoration: line-through;">&nbsp;</span></p> http://www.zerohedge.com/news/2017-01-22/oil-production-cuts-are-purely-symbolic-marketing-trickery-video#comments Business Cartels Chronology of world oil market events Economy Energy crisis Megacorpstate OPEC OPEC Organization of Petroleum-Exporting Countries Petroleum Petroleum industry Petroleum politics Twitter Twitter Sun, 22 Jan 2017 21:12:14 +0000 EconMatters 586168 at http://www.zerohedge.com Trump May "Stop Enforcing Obamacare's Individual Mandate" http://www.zerohedge.com/news/2017-01-22/trump-may-stop-enforcing-obamacares-individual-mandate <p>Trump's crackdown on Obamacare is accelerating. </p> <p>Just over 7 hours after his inauguration, late on Friday, the president <a href="http://www.zerohedge.com/news/2017-01-20/trump-signs-first-executive-order-ease-burden-obamacare">signed an executive order concerning </a>the 2010 healthcare law, telling reporters the action was meant "to ease the burden of Obamacare as we transition from repeal and replace" and urging U.S. agencies to "waive, defer, grant exemptions from, or delay the implementation" of provisions deemed to impose fiscal burdens on states, companies or individuals. </p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Executive order just signed by <a href="https://twitter.com/POTUS">@POTUS</a> relates to <a href="https://twitter.com/hashtag/Obamacare?src=hash">#Obamacare</a>. <a href="https://t.co/dTaX6QEZBS">pic.twitter.com/dTaX6QEZBS</a></p> <p>— Steve Herman (@W7VOA) <a href="https://twitter.com/W7VOA/status/822599709755895809">January 21, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>While the executive order was purposefully vague and served mostly a symbolic role, on Sunday the Trump administration provided some more details on how the "repeal and replace" would look, when Trump aide Kellyanne Conway said the government may no longer enforce the key "Affordable Care Act" rule requiring individual Americans to carry health insurance or pay a penalty if they do not.</p> <p>Speaking on ABC's "This Week" program, Conway who is a counselor to the president, said Donald Trump "<strong>may stop enforcing the individual mandate</strong>." Then, on CBS' "Face the Nation" show, she reiterated Republican promises that no one would lose their health insurance under Obamacare while a replacement is being developed. </p> <p>"For the 20 million who rely upon the Affordable Care Act in some form, they will not be without coverage during this transition time," she <a href="http://www.reuters.com/article/us-usa-obamacare-idUSKBN1560SX">said quoted by Reuters</a>. </p> <p>Also on Sunday, Mitch McConnell repeated Republican promises to replace Obamacare and allow patients to buy health insurance across state lines using health savings accounts. "We’re going to move carefully in conjunction with the administration to repeal and replace it with things like health savings accounts and interstate health insurance sales and high-risk pools at the state level to take care of people who have pre-existing conditions." he said.</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>Last week Republican Representative Tom Price, Trump's nominee to lead the Department of Health and Human Services, told the Senate Committee on Health, Education, Labor and Pensions, that an overhaul of Obamacare will initially focus on individual health plans sold on online exchanges and the Medicaid health insurance program for low-income Americans. </p> <p>&nbsp;</p> <p>He added that the revamp would not immediately tackle changes to Medicare, the federal health insurance program for those 65 and older and people with disabilities.</p> </blockquote> <p>Trump has previously said he wants to keep some elements of Obamacare, such as allowing young adults to be covered under their parents' insurance. He is in favor of plans that use health savings accounts and the sale of insurance across state lines. A bigger question is once the administration moves beyond the <em><strong>repeal </strong></em>phase, just how long would the <em><strong>replace </strong></em>phase take: as a reminder, a full replacement would require bipartisan support, and at the current time that appears very much improbable, which is why Goldman, and others, <a href="http://www.zerohedge.com/news/2017-01-09/complete-list-what-trump-can-and-can-not-do-day-one-and-rest-2017">speculated that the replacement of Obamacare could take as long as 2 years, </a>and may bog down much of Trump's fiscal agenda. <em><br /><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/01/gs%20ex%205.png"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/01/gs%20ex%205_0.png" width="500" height="324" /></a></em></p> <p> If so, much of what the market has priced in will have to be "unpriced" quickly, as Trump focuses exclusively on undoing 8 years of Obama tinkering with the US health insurance system.</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="1024" height="571" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/trump%20signing.jpg?1485118235" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-22/trump-may-stop-enforcing-obamacares-individual-mandate#comments Department of Health and Human Services Donald Trump Donald Trump Economy Excises Health Health insurance Healthcare reform in the United States Internal Revenue Code Internal Revenue Service Labor Medicare Medicare Medicare Mitch McConnell Obamacare Patient Protection and Affordable Care Act Politics Politics of the United States Reuters Senate Committee on Health, Education, Labor and Pensions Social Issues Trump Administration Twitter Twitter United States Sun, 22 Jan 2017 21:06:47 +0000 Tyler Durden 586166 at http://www.zerohedge.com Goldman: "All Our Clients Are Confused And Unsettled" http://www.zerohedge.com/news/2017-01-22/goldman-all-our-clients-are-confused-and-unsettled <p>Markets "bought" the election. Now the question is whether they will sell the inauguration. That is the take from the latest weekly letter by Goldman's chief strategist David Kostin, who says that "investor angst is high." Kostin then explains the one-word reason behind such confusion and angst - take a wild guess what it is. Which is ironic, because while on one hand investors and strategist are losing sleep over Trump policy uncertainty, on the other hand, every single one of them is convinced that Trump will unleash massive stimulatory tax cuts and hundreds of billions in fiscal stimulus with effectively no risk. </p> <p>Go figure. </p> <p>FInally, the Goldman strategist reveals what Goldman believes is the best investing strategy for a Trump presidency (which means most investors may want to do the opposite).</p> <p><em>Here is the full note:</em></p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p><span style="text-decoration: underline;"><strong>Conversations we are having with clients: An investing strategy for a Trump Presidency</strong></span><strong> </strong></p> <p>&nbsp;</p> <p><strong>"I, Donald John Trump, do solemnly swear that I will faithfully execute the office of President of the United States, and will to the best of my ability, preserve, protect, and defend the Constitution of the United </strong><strong>States.” </strong>With those words, the New York businessman became at noon today President of the United States of America, completing one of the most improbable election campaigns in the country’s 240-year history. </p> <p>&nbsp;</p> <p><strong>“Unsettled” is our best description of fund managers’ mindset as the new administration takes office. </strong>During an extensive series of client meetings in the US, Europe and Asia, it became apparent that investors are confused about how to best position portfolios under a Trump presidency. </p> <p>&nbsp;</p> <p><strong>Optimism is reflected in the strong performance of markets during the 73-day transition period between the election and inauguration. </strong>Investors have embraced the prospect of faster GDP growth and higher inflation as a result of reduced corporate taxes, a looser fiscal policy, and less regulation. Surveys such as NFIB small business confidence and consumer confidence both soared to their highest levels in 12 and 15 years.&nbsp; </p> <p>&nbsp;</p> <p><strong>S&amp;P 500 index has climbed by 6% since November 8 led by Cyclicals broadly and Financials in particular. </strong>Europe, Japan and MSCI Asia stocks have returned 8%, 12% and 1%, respectively. Implied inflation during the next decade equals 2.0% and the 10-year Treasury now yields 2.47%. </p> <p>&nbsp;</p> <p><strong>Policy uncertainty was a topic of concern raised in every client meeting. </strong>While we expect corporate tax reform legislation will be enacted in 2017, the magnitude of cuts and offsetting revenue proposals are unknown. Many tax reform ideas have been discussed in general terms but the administration has not yet endorsed any specific proposals. Investor confusion increases when a topic that appears to be gaining political momentum – such as border-adjusted tax reform – is suddenly discredited when the President dismisses the idea saying it is “too complicated.” </p> </blockquote> <p>That, i.e. Trump, in a nutshell, is why everyone is confused. As to how Goldman believes its clients should trade this uncertainty, it updates its analysis of "Rule of 10" stocks (ironically first introduced in a Goldman reportrevealing "secular growth stocks for a secular stagnation economy" which makes one wonder if there is any difference between growth and stagnation) and highlight 31 names that have a demonstrated track record of superior sales growth, are expected to continue growing at a rapid pace in the future, and also trade at a EV/sales multiple below 7.5x which is a key valuation threshold. To wit:</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p><strong>One investment strategy that avoids the risk of potential policy pitfalls is to focus on stocks with high secular growth potential</strong>. Last year, we introduced our “Rule of Ten” framework for identifying stocks capable of growing sales rapidly, independent of economic and policy uncertainty. Stocks meeting our “Rule of Ten” have a demonstrated track record of superior sales growth and are expected to continue growing at a rapid pace in the future, while high expected long-term growth suggests that companies operate in a large total addressable market (TAM) . </p> <p>&nbsp;</p> <p><strong>Our “Rule of Ten” classifies companies as secular growers if they meet three criteria: </strong>(1) increased sales by at least 10% in each of the last two&nbsp; years; (2) forecast to grow sales by 10% or more in each of the next two years based on estimates from Goldman Sachs equity research analysts; and (3) have consensus long-term earnings growth of at least 10%. </p> <p>&nbsp;</p> <p>Only 72 companies out of a US coverage universe of more than 750 stocks meet our secular growth criteria (see Exhibit 1). From a sector perspective, Information Technology (53%), Health Care (23%), and Consumer Discretionary (12%) collectively account for 87% of the firms (see Exhibit 2). In terms of size, 20 stocks are large-caps (greater than $10 billion), 32 are mid-cap ($2 to $10 billion), and 20 are small-cap (less than $2 billion). </p> <p>&nbsp;</p> <p><strong>Unsurprisingly, most secular growth stocks trade at above-average valuations</strong>. Only 10 of our 72 secular growth stocks trade at EV/sales ratios below 2.5x while 21 stocks trade at EV/sales multiples greater&nbsp; than 7.5x<span style="text-decoration: underline;"><strong>. For context, the median S&amp;P 500 firm trades at 2.7x, a record high EV/sales ratio</strong></span>. We recommend investors focus on secular growth at a reasonable price (“secular GARP”). Our previous research showed that applying a valuation filter to our secular growth screen produced higher relative returns. Firms that traded below 7.5x EV/sales tended to outperform by a larger margin, and at a higher hit rate, than firms trading above 7.5x. </p> <p>&nbsp;</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/gs%20confused%201.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/gs%20confused%201_0.jpg" width="500" height="343" /></a></p> <p>Exhibit 5 contains 31 large-cap and mid-cap stocks in the Goldman Sachs US equity research coverage universe that meet our “Rule of Ten” secular growth criteria and trade at EV/sales multiples below 7.5x. We excluded stocks below $2 billion in market cap due to low liquidity as well as firms rated Sell by Goldman Sachs equity research analysts.</p> <p>&nbsp;</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/GS%20confused%202.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/GS%20confused%202_0.jpg" width="500" height="324" /></a></p> <p>&nbsp;</p> <p>The median firm on our list of reasonably priced secular growth stocks delivered sales growth of 27% in 2015 and 26% in 2016, compared with 1% and 2% for the typical S&amp;P 500 firm. Looking forward, the secular growth stocks on our list are forecast to increase sales by 21% this year and by 18% in 2018 compared with 4% growth in both years for the median constituent in the S&amp;P 500. Finally, the long-term EPS growth forecast for the median stock on our list equals 23% compared with 9% for the typical S&amp;P 500 firm. Large-cap secular growth stocks that still trade at reasonable valuations and have double-digit upside to analyst target prices include Twitter (TWTR, +31%), salesforce.com (CRM, 27%), Amazon (AMZN, +24%) and PayPal (PYPL, 19%). Mid-caps include Pandora Media (P, +36%), Envision Healthcare (EVHC, +33%), and INC Research Holdings (INCR, +27%).</p> </blockquote> <p>And since Goldman's flow traders - currently long this universe of stocks - will be <em>selling </em>all these names to clients, individual investors who are eager to do with Goldman does, not what it says, especially now that Goldman Sachs is officially advising Donald Trump on fiscal policy the same way it used to advise the Fed on monetary policy for years, may consider doing the same.</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="460" height="307" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/confused%20trader%203_1.jpg?1485115393" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-22/goldman-all-our-clients-are-confused-and-unsettled#comments Business Business Consumer Confidence Donald Trump Donald Trump Economy Economy of New York City Finance Fundamental analysis goldman sachs Goldman Sachs Goldman Sachs Growth stock Information Technology Japan Monetary Policy NFIB Rockefeller Center S&P 500 S&P 500 Index Stock selection criterion Stock valuation Subprime mortgage crisis Twitter Twitter US Federal Reserve Valuation Sun, 22 Jan 2017 20:38:41 +0000 Tyler Durden 586155 at http://www.zerohedge.com "Having A Vagina Is Not Enough" - One Woman's View Of The Million-Pussy-March http://www.zerohedge.com/news/2017-01-22/having-vagina-not-enough-one-womans-view-million-pussy-march <p><em><a href="http://www.dailymail.co.uk/news/article-4144242/KATIE-HOPKINS-Having-vagina-biology-not-argument.html">Authored by Katie Hopkins, originally posted op-ed at The Daily Mail,</a></em></p> <p>Her sign said; <em><strong>&#39;I am more than my vagina&#39;.</strong></em> I asked her why she was at the Women&#39;s March on Washington. She said it was because she wanted to show what democracy really meant.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170122_judd1.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170122_judd1.jpg" style="width: 501px; height: 309px;" /></a></p> <p>Another white lady held a placard reminding me that &#39;white silence = white consent but Black Lives Matter #BLM&#39;.<strong> She said she was marching because women own their own bodies.</strong></p> <p>And a lady, pushing a stroller with two children on board, facing down the secret service, with a <strong>sign that made it clear <a href="http://www.dailymail.co.uk/news/donald_trump/index.html" target="_blank">Trump</a> is &#39;Not My President&#39;.</strong></p> <p>Even the speakers sounded confused. As I ate a three piece chicken meal with a side of slaw to recover from<strong> hearing the Koran read out in Washington Cathedral, I listened to one manic woman yell at the crowd</strong>;</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em><strong>&#39;We are women. And you are we. And we are you&#39;,</strong></em> gesturing to make her point clear. It wasn&#39;t. But the crowd loved it all the same.</p> </blockquote> <p><strong><a href="http://www.dailymail.co.uk/tvshowbiz/madonna/index.html" target="_blank">Madonna</a> popped up, her eyes inching ever closer to her ears to let us know Good did not win this election. </strong>(I didn&#39;t even know Good was a candidate.)</p> <p>In the interests of full disclosure she told the crowd she had <strong>considered blowing up the White House&#39;.</strong> The tolerant left also get PMT it seems.</p> <p><iframe allowfullscreen="" frameborder="0" height="573" id="molvideoplayer" scrolling="no" src="http://www.dailymail.co.uk/embed/video/1397179.html" title="MailOnline Embed Player" width="698"></iframe></p> <p>Another speaker, short on content but gushing with oestrogen shouted: <strong><em>&#39;We are here&#39;. (She was not wrong, we were). We will not be silenced. We will not play dead&#39;.</em></strong></p> <p>To be fair to Trump, I have not heard the silencing of females or women playing dead in his 100 day plan. <strong>Perhaps a more suitable venue for this speech would be outside the Saudi embassy, where the silencing of women is all the rage.</strong></p> <p>A woman whipped into a frenzy by her own brilliance started listing girls&#39; names, <em><strong>&#39;Emily, Conchita, Malala, Edith, Tonia, Shania (we had all got the point but she carried on regardless) Maria Guadalupe, Kayleigh....we are here to be respected. We are here to be nasty.</strong></em></p> <p>I think Madonna had already received this memo.</p> <p><strong>And fuelled by these pearls of wisdom, the women set off for the streets, pussy ears perked, banners aloft, chanting as they went.</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170122_judd.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170122_judd.jpg" style="width: 306px; height: 415px;" /></a></p> <p><em><strong>&#39;Tell me what democracy looks like?&#39; &#39;This is what democracy looks like&#39;.</strong></em></p> <p>I wanted to point out, respectfully, that democracy is the Electoral College system that saw Trump turn the map from blue to red. But there were a few million of them. And they had pictures of vaginas. So I decided this was not the time.</p> <p><strong>I thought I heard the women chanting &#39;Menstrual brew&#39; which had me wondering exactly what this lot were on. But listening more closely it turned out to be &#39;Pence Sucks Too.&#39;</strong></p> <p>I was grateful for the clarity. I thought it was just Trump they hated. But it turns out it is all men. Apart from the ones who are transitioning to women.</p> <p><em><strong>&#39;What do we want? Equality&#39;. &#39;When do we want it?&#39; &#39;NOW&#39;.</strong></em></p> <p>I wondered what in their world was not equal, but I guess if you have a massive chip on one shoulder the world is probably a bit askew.</p> <p>I took a peak at the map to see if any of them actually knew what they were doing, what they were protesting about or where they were going.</p> <p>I was surprised to see a lactation station, a reunification station marked by fist and a fleet of warming buses before they had reached mile one.</p> <p><em><strong>An almighty army of women, gushing, fisting and lactating their way down the road. Right on sister.</strong></em></p> <p><strong>For all my jibes, there was something truly impressive about the sheer scale of the crowds, the enormous number of women and men, filling the streets of Washington in a noisy bubbling ribbon of pink and placards.</strong></p> <p><u><strong>But it is an army lacking a common purpose.</strong></u> Lacking a common cause. Every one of them wielding a placard for a different grudge they bear. Many unable to give a coherent reason for being there. Most at odds with the placards they carried. Many cross a woman didn&#39;t win.</p> <p><u><strong>But simply being a woman is not enough.</strong></u></p> <p>This was a march defined by gender, not purpose - much like Clinton&#39;s campaign. And a march where the meaningless drivel of the speakers was matched by the lack of a clear aim of those marching.</p> <p>No one would argue their hearts were not in it. I found myself smiling at their happiness in each other&#39;s company, their relief to be together, reminding each other they are not alone.</p> <p><u><strong>But a shared sense of victimhood is not sufficient to make change happen. </strong></u>And at its most fundamental the unifying cause for these collected individuals is that they are not men.</p> <p>They will not be silenced. That is clear. But they don&#39;t know what it is they are shouting about. Anger is not enough.</p> <p><strong>Feminism has to be better than this. </strong>Better than posters telling me your vagina is tough. Or &#39;this pussy grabs back&#39;. So what? Mine can stash a 24 oz can of Coors Light. Sideways.</p> <p><em><strong>Hilary tried to win by doing everything they&#39;ve just done today - by being a woman, a woman who wants to be the candidate for everyone who feels like a victim, who feels maligned by society. She was the candidate for every cause, but master of none.</strong></em></p> <p><em><strong>The voices today? Just an echo of her mixed messages. And that wasn&#39;t, isn&#39;t enough.</strong></em></p> <p>The left believes it is better than the rest. But it has prejudices of its own.</p> <p>The same prejudices that saw guests at the Armed Services Inauguration Ball spat at. Or Madonna saying she&#39;d like to blow up the White House. Or the very fact you fell out over what to name the Women&#39;s March in case it was divisive. Or for being too white.</p> <p><strong>They even snubbed Hilary Clinton as an honoree for the Women&#39;s March on Washington, because she was gracious and attended Trump&#39;s inauguration. </strong>Imagine how much that day hurt her, and yet they rejected her despite her courage. Shame on them.</p> <p><u><strong>These prejudices, these prevarications, this failure to stand for something, not represent everything, are exactly why people turn to Trump. And exactly why they lost and will continue to lose.</strong></u></p> <p>They are strong, I watched them today.</p> <p>But they have to be better than this.</p> <p><strong>You win if you offer a clear vision supported by this strength to get things done. Not just because you are a woman.</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170121_women.jpg"><img height="393" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170121_women_0.jpg" width="600" /></a></p> <p>&nbsp;</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="501" height="309" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170122_judd1.jpg?1485109941" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-22/having-vagina-not-enough-one-womans-view-million-pussy-march#comments Donald Trump Donald Trump presidential campaign Electoral College massive chip None Politics of the United States Protests against Donald Trump Saudi embassy Time United States presidential election White House White House Sun, 22 Jan 2017 20:05:00 +0000 Tyler Durden 586144 at http://www.zerohedge.com Ex-WSJ Reporter Finds George Soros Has Ties To More Than 50 "Partners" Of The Women’s March http://www.zerohedge.com/news/2017-01-22/ex-wsj-reporter-finds-soros-has-ties-more-50-partners-women%E2%80%99s-march-washington <p>Former WSJ reporter <a href="http://asranomani.com/">Asra Nomani </a>asks in the NYT&#39;s &quot;<a href="http://nytlive.nytimes.com/womenintheworld/2017/01/20/billionaire-george-soros-has-ties-to-more-than-50-partners-of-the-womens-march-on-washington/">Women In the World</a>&quot; section what is the link between one of Hillary Clinton&rsquo;s largest donors and the Women&rsquo;s March? Her answer: &quot;<strong>as it turns out, it&rsquo;s quite significant.</strong>&quot;</p> <p><img height="346" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/gettyimages-151703283_0.jpg" width="500" /></p> <p>Here is what else she discovered.</p> <p><strong>Billionaire George Soros has ties to more than 50 &lsquo;partners&rsquo; of the Women&rsquo;s March on Washington</strong></p> <div class="center-block entry-content"> <p class="p1"><span class="s1">In the pre-dawn darkness of today&rsquo;s presidential inauguration day, I faced a choice, as a lifelong liberal feminist&nbsp;<a href="https://www.washingtonpost.com/news/global-opinions/wp/2016/11/10/im-a-muslim-a-woman-and-an-immigrant-i-voted-for-trump/?utm_term=.c3f7b9693680"><span class="s2">who voted for Donald Trump</span></a>&nbsp;for president: lace up my pink Nike sneakers to step forward and take the DC Metro into the nation&rsquo;s capital for the inauguration of America&rsquo;s new president, or wait and go tomorrow to the after-party, dubbed the &ldquo;Women&rsquo;s March on Washington&rdquo;?</span></p> <p class="p1"><span class="s1">&nbsp;</span><span class="s1"><a href="https://www.theguardian.com/us-news/2017/jan/14/womens-march-on-washington-protest-size-donald-trump" target="_blank">The&nbsp;<span class="s2">Guardian</span></a>&nbsp;has touted the &ldquo;Women&rsquo;s March on Washington&rdquo; as a &ldquo;spontaneous&rdquo; action for women&rsquo;s rights. Another liberal media outlet,&nbsp;<a href="http://www.vox.com/identities/2016/11/21/13651804/women-march-washington-trump-inauguration"><span class="s2">Vox</span></a>, talks about the &ldquo;huge, spontaneous groundswell&rdquo; behind the march. On its website, organizers of the march are promoting their work as&nbsp;<a href="https://www.womensmarch.com/event-details/"><span class="s2">&ldquo;a grassroots effort&rdquo;</span></a>&nbsp;with &ldquo;independent&rdquo; organizers. Even my local yoga studio, Beloved Yoga, is renting a bus and offering seats for $35. The march&rsquo;s manifesto says magnificently, &ldquo;The Rise of the Woman = The Rise of the Nation.&rdquo;</span></p> <p class="p1"><span class="s1">It&rsquo;s an idea that I, a liberal feminist, would embrace. But I know &mdash; and most of America knows &mdash; that the organizers of the march haven&rsquo;t put into their manifesto: the march really isn&rsquo;t a &ldquo;women&rsquo;s march.&rdquo; It&rsquo;s a march for women who are anti-Trump.</span><span class="s1">&nbsp;</span></p> <p class="p1"><span class="s1">As someone who voted for Trump, I don&rsquo;t feel welcome, nor do many other women who reject the liberal identity-politics that is the core underpinnings of the march, so far, making&nbsp;<a href="https://www.nytimes.com/2017/01/09/us/womens-march-on-washington-opens-contentious-dialogues-about-race.html?_r=0"><span class="s2">white women feel unwelcome</span></a>,&nbsp;<a href="https://www.washingtonpost.com/opinions/im-an-anti-abortion-feminist-ill-walk-at-the-womens-march-whether-organizers-like-it-or-not/2017/01/18/453275a6-dd97-11e6-ad42-f3375f271c9c_story.html?utm_term=.66c911fb8551"><span class="s2">nixing women who oppose abortion</span></a>&nbsp;and&nbsp;<a href="http://nytlive.nytimes.com/womenintheworld/2017/01/19/agenda-for-womens-march-on-washington-has-been-hijacked-by-organizers-bent-on-highlighting-womens-differences/"><span class="s2">hijacking the agenda</span></a>.&nbsp;</span></p> <p class="p1"><span class="s1">To understand the march better, I stayed up through the nights this week, studying the&nbsp;<a href="https://docs.google.com/spreadsheets/d/1zYoQoffWRAHrECq2PDshlPvNpNDSLtdmNjtW-gUuhqw/edit?usp=sharing"><span class="s2">funding, politics and talking points of the some 403 groups</span></a>&nbsp;that are &ldquo;partners&rdquo; of the march. Is this a non-partisan &ldquo;Women&rsquo;s March&rdquo;?</span></p> <p class="p1"><span class="s1">Roy Speckhardt, executive director of the American Humanist Association, a march &ldquo;partner,&rdquo; told me his organization was &ldquo;nonpartisan&rdquo; but has &ldquo;many concerns about the incoming Trump administration that include what we see as a misogynist approach to women.&rdquo; Nick Fish, national program director of the American Atheists, another march partner, told me, &ldquo;This is not a &lsquo;partisan&rsquo; event.&rdquo; Dennis Wiley, pastor of Covenant Baptist United Church of Christ, another march &ldquo;partner,&rdquo; returned my call and said, &ldquo;This is not a partisan march.&rdquo;</span></p> <p class="p1"><span class="s1">Really? UnitedWomen.org, another partner, features videos with the hashtags #ImWithHer, #DemsInPhily and #ThanksObama. Following the money, I poured through documents of billionaire George Soros and his Open Society philanthropy, because I wondered: What is the link between one of Hillary Clinton&rsquo;s largest donors and the &ldquo;Women&rsquo;s March&rdquo;? </span></p> <p class="p1"><span class="s1">I found out: plenty.</span></p> <p class="p1"><span class="s1">By my draft research, which&nbsp;<a href="https://docs.google.com/spreadsheets/d/1zYoQoffWRAHrECq2PDshlPvNpNDSLtdmNjtW-gUuhqw/edit?usp=sharing"><span class="s2">I&rsquo;m opening up for crowd-sourcing</span></a>&nbsp;on GoogleDocs, Soros has funded, or has close relationships with, at least 56 of the march&rsquo;s &ldquo;partners,&rdquo; including &ldquo;key partners&rdquo; Planned Parenthood, which opposes Trump&rsquo;s anti-abortion policy, and the National Resource Defense Council, which opposes Trump&rsquo;s environmental policies. The other Soros ties with &ldquo;Women&rsquo;s March&rdquo; organizations include the partisan MoveOn.org (which was fiercely pro-Clinton), the National Action Network (which has a former executive director lauded by Obama senior advisor Valerie Jarrett as &ldquo;a leader of tomorrow&rdquo; as a march co-chair and another official as &ldquo;the head of logistics&rdquo;). Other Soros grantees who are &ldquo;partners&rdquo; in the march are the American Civil Liberties Union, Center for Constitutional Rights, Amnesty International and Human Rights Watch. March organizers and the organizations identified here haven&rsquo;t yet returned queries for comment.&nbsp;&nbsp;</span></p> <p class="p1"><span class="s1">On the issues I care about as a Muslim, the &ldquo;Women&rsquo;s March,&rdquo; unfortunately, has taken a stand on the side of partisan politics that has obfuscated the issues of Islamic extremism over the eight years of the Obama administration. &ldquo;Women&rsquo;s March&rdquo; partners include the Council on American-Islamic Relations, which has not only deflected on issues of Islamic extremism post-9/11, but opposes Muslim reforms that would allow women to be prayer leaders and pray in the front of mosques, without wearing headscarves as symbols of chastity. Partners also include the Southern Poverty Law Center (SPLC), which wrongly designated Maajid Nawaz, a Muslim reformer, an&nbsp;<a href="http://www.thedailybeast.com/articles/2016/10/29/i-m-a-muslim-reformer-why-am-i-being-smeared-as-an-anti-muslim-extremist.html"><span class="s2">&ldquo;anti-Muslim extremist&rdquo;</span></a>&nbsp;in a biased report released before the election. The SPLC confirmed to me that Soros funded its &ldquo;anti-Muslim extremists&rdquo; report targeting Nawaz. (Ironically, CAIR also opposes abortions, but its leader still has a&nbsp;<a href="http://www.slate.com/blogs/xx_factor/2017/01/19/the_women_s_march_has_announced_its_official_route_and_list_of_speakers.html"><span class="s2">key speaking role</span></a>.)</span></p> <p class="p1"><span class="s1">Another Soros grantee and march &ldquo;partner&rdquo; is the Arab-American Association of New York, whose executive director, Linda Sarsour, is a march co-chair. When I co-wrote a piece, arguing that Muslim women don&rsquo;t have to wear headscarves as a symbol of &ldquo;modesty,&rdquo; she attacked the coauthor and me as &ldquo;fringe.&rdquo;</span><span class="s1">&nbsp;</span></p> <p class="p1"><span class="s1">Earlier, at least 33 of the 100 &ldquo;women of color,&rdquo; who initially protested the Trump election in street protests, worked at organizations that receive Soros funding, in part for &ldquo;black-brown&rdquo; activism. Of course, Soros is an &ldquo;ideological philanthropist,&rdquo; whose interests align with many of these groups, but he is also a significant political donor. In Davos, he told reporters that Trump is a&nbsp;<a href="http://www.cnbc.com/2017/01/19/george-soros-calls-donald-trump-a-would-be-dictator-who-is-going-to-fail.html"><span class="s2">&ldquo;would-be dictator.&rdquo;</span></a></span></p> <p class="p1"><span class="s1">A spokeswoman for Soros&rsquo;s Open Society Foundations, said in a statement, &ldquo;There have been many false reports about George Soros and the Open Society Foundations funding protests in the wake of the U.S. presidential elections. There is no truth to these reports.&rdquo; She added, &ldquo;We support a wide range of organizations &mdash; including those that support women and minorities who have historically been denied equal rights. Many of whom are concerned about what policy changes may lie ahead. We are proud of their work. We of course support the right of all Americans to peaceably assemble and petition their government&mdash;a vital, and constitutionally safeguarded, pillar of a functioning democracy.&rdquo;</span></p> <p class="p1"><span class="s1">Much like post-election protests, which included a sign, &ldquo;Kill Trump,&rdquo; were not&nbsp;&nbsp;&ldquo;spontaneous,&rdquo; as reported by some media outlets, the &ldquo;Women&rsquo;s March&rdquo; is an extension of strategic identity politics that has so fractured America today, from campuses to communities. On the left or the right, it&rsquo;s wrong. But, with the inauguration, we know the politics. With the march, &ldquo;women&rdquo; have been appropriated for a clearly anti-Trump day. When I shared my thoughts with her, my yoga studio owner said it was &ldquo;sad&rdquo; the march&rsquo;s organizers masked their politics. &ldquo;I want love for everyone,&rdquo; she said.</span><span class="s1">&nbsp;</span></p> <p class="p1"><span class="s1">The left&rsquo;s fierce identity politics and its failure on Islamic extremism lost my vote this past election, and so, as the dawn&rsquo;s first light breaks through the darkness of the morning as I write, I make my decision: I&rsquo;ll lace up my pink Nikes and head to the inauguration, skipping the &ldquo;Women&rsquo;s March&rdquo; that doesn&rsquo;t have a place for women like me.</span></p> <p class="p1"><i>Asra Q. Nomani is a former&nbsp;</i><em>Wall Street Journal</em><i>&nbsp;reporter. She can be reached at&nbsp;</i><a href="mailto:asra@asranomani.com" target="_blank"><span class="s2"><i>asra@asranomani.com</i></span></a><i>&nbsp;or on <a href="https://twitter.com/AsraNomani" target="_blank">Twitter</a>.</i></p> </div> <p>&nbsp;</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="275" height="183" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/soros%20teaser%204_2.jpg?1485100512" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-22/ex-wsj-reporter-finds-soros-has-ties-more-50-partners-women%E2%80%99s-march-washington#comments American Civil Liberties Union American Humanist Association American people of German descent Arab American Association of New York Asra Nomani Baptist United Church of Christ Business Center for Constitutional Rights Climate change skepticism and denial Council on American-Islamic Relations Davos Donald Trump Donald Trump Finance George Soros George Soros Human Rights Watch Islamic feminists Maajid Nawaz MoveOn National Action National Resource Defense Council Obama Administration Obama administration Open Society Politics Politics Social Issues The Apprentice Trump Administration Twitter Twitter Wall Street Journal WWE Hall of Fame Sun, 22 Jan 2017 19:57:16 +0000 Tyler Durden 586115 at http://www.zerohedge.com Basic Incomes in Finland and Scotland Are Reaction to Trump's Politics http://www.zerohedge.com/news/2017-01-22/basic-incomes-finland-and-scotland-are-reaction-trumps-politics <blockquote style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><p>Via <a href="http://www.thedailybell.com">The Daily Bell</a></p> <p>&nbsp;</p> <p>We need an alternative to Trump's nationalism. It isn't the status quo. The answer to neoliberalism’s Waterloo cannot be the retreat to a barricaded nation-state and the pitting of ‘our’ people against ‘others’ fenced off by tall walls. - UK Guardian</p> </blockquote> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">The Guardian has suggested that progressive internationalism should be the antidote to populism around the world. It says that one cannot fight Trump’s supposed populism without suggesting and promoting an alternative.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Progressive internationalism is actually just a fancy ways of saying that more people should receive more things from government. We have a sneaking suspicion this is one of the reasons, perhaps a main reason, that Trump was placed into office if indeed he was put there on purpose.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">More:</p> <blockquote style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><p>In America the establishment habitually blamed the victims of predatory lending and the failed health system.&nbsp; It was against this insurgency of a cornered establishment that had given up on persuasion that Donald Trump and his European allies rose up with their own populist insurgency. They proved that it is possible to go against the establishment and win.</p> <p>&nbsp;</p> <p>Alas, theirs will be a Pyrrhic victory which will, eventually, harm those whom they inspired. The answer to neoliberalism’s Waterloo cannot be the retreat to a barricaded nation-state and the pitting of ‘our’ people against ‘others’ fenced off by tall walls and electrified fences.&nbsp; The answer can only be a Progressive Internationalism that works in practice on both sides of the Atlantic.</p> <p>&nbsp;</p> <p>To bring it about we need more than fine principles unblemished by power. We need to aim for power on the basis of a pragmatic narrative imparting hope throughout Europe and America for jobs paying living wages to anyone who wants them, for social housing, for health and education.&nbsp; Only a third insurgency promoting a New Deal that works equally for Americans and Europeans can restore to a billion people living in the West sovereignty over their lives and communities.</p> </blockquote> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">This is the article’s argument as the author sums it up. But in between he has a lot to say about how the other kinds of solutions are bound to fail. He has the most to say about globalism because Trump’s alternative in his view is merely a reaction. Globalism began to fall apart after 2008, the article tells us.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Overwhelmed by “collapsing financial pyramids,” elites ceased to try to persuade the masses and began to dictate to them. “In the UK, over a million benefit applicants faced punitive sanctions. In the Eurozone, the troika ruthlessly sought to reduce the pensions of the poorest of the poor. In the United States, both parties promised drastic cuts to social security spending.”</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">We agree with this statement to a point. It was true that the elites stopped trying&nbsp; to persuade the masses. But in our view they did so on purpose.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">One possibility is that true elites were trying to provoke a series of alternatives. The alternatives were supposes to culminate in a series of alternatives that are now being proposed.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">In both Finland and Scotland basic income programs have been brought to the fore. They are pilot programs that are testing the concept. But we would bet they move ahead one way or another.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">People are suspicious of such programs but that doesn't stop their&nbsp;consideration. This is probably because they have elite backing.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">We were perhaps the first publication to tease out the globalist versus populist meme in mid-summer. But we always felt there must be something more to it.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Maybe this is the other shoe dropping. It is not enough&nbsp;to observe that populism has confronted globalism, not if you don't believe in&nbsp;populism.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">You need an alternative, and right on time more progressive perspectives have arrived. If we are correct about these programs, they are about to become more and more prevalent.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">That doesn't mean they are a valid alternative however. What is handed out by government can be easily controlled. If people complain or make a fuss on a variety of fronts, government money may be stopped.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Right now a basic income seems like an alternative to other kinds of handouts. But over time it could become a very controlling alternative. The inflation alone would be difficult to overcome.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong>Conclusion:</strong>&nbsp;A basic income undermined by inflation and denied to people who have alternative government perspectives is not a good program in the long-term. It is much better to let people take care of themselves if they can. Self sufficiency is the real liberation.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Other stories:</p> <p style="box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 16px; line-height: 1.3; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; color: #333333;"><a href="http://www.thedailybell.com/news-analysis/real-markets-are-not-pop-economics/">&nbsp;Real Markets Are Not ‘Pop Economics’</a></p> <p style="box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 16px; line-height: 1.3; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; color: #333333;"><a href="http://www.thedailybell.com/news-analysis/real-markets-are-not-pop-economics/"></a><span style="font-size: 24px; color: #1e439a; font-family: Roboto, sans-serif; text-decoration: underline;">More Cooperation Between America and China Than There Seems</span></p> <p style="box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; line-height: 1.3;"><a href="http://www.thedailybell.com/news-analysis/bank-of-englands-andew-haldane-admits-economic-forecasting-errors-2/" style="color: #1e439a; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; box-sizing: border-box; font-stretch: inherit; line-height: 1.2; word-wrap: break-word; outline-style: none; outline-width: 0px;">Bank of England’s Andrew Haldane Admits Economic Forecasting Errors</a></p> <p style="box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; font-size: 16px; line-height: 1.3; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; color: #333333;">&nbsp;</p> http://www.zerohedge.com/news/2017-01-22/basic-incomes-finland-and-scotland-are-reaction-trumps-politics#comments Alternatives Bank of England Business China Donald Trump Donald Trump Eurozone Fail Finland Nationalism Neoliberalism Politics Populism Thought Sun, 22 Jan 2017 19:54:18 +0000 TDB 586154 at http://www.zerohedge.com Netflix Can Add Subscribers - But At What Cost? (Video) http://www.zerohedge.com/news/2017-01-22/netflix-can-add-subscribers-what-cost-video <p>By <a href="http://www.econmatters.com/search/label/EconMatters"><span style="text-decoration: underline;"><span style="color: #0066cc;">EconMatters</span></span></a> </p> <p><em><br /></em> </p> <div class="separator" style="clear: both; text-align: center;"><a title="Open in new window" class="external" href="https://2.bp.blogspot.com/-j9fmaOOyTig/WIUIbCQYfnI/AAAAAAAANbc/Wqg_VhVboeM8-Dshehmjy71Krvvy0zlAgCLcB/s1600/th.jpg" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img src="https://2.bp.blogspot.com/-j9fmaOOyTig/WIUIbCQYfnI/AAAAAAAANbc/Wqg_VhVboeM8-Dshehmjy71Krvvy0zlAgCLcB/s400/th.jpg" width="400" height="224" border="0" /></a></div> <p> We discuss the real problem facing Netflix in this video, and why this stock is a long term sell, and ultimately going to crash like Blackberry`s stock. These High Tech Flyers all Crash and Burn the same way - you sell 400 P/E Stocks with huge Cash Burn problems!</p> <div class="separator" style="clear: both; text-align: center;"><iframe src="https://www.youtube.com/embed/w_QJuozMk5M?feature=player_embedded" width="320" height="266" frameborder="0"></iframe></div> <p> © <a href="http://www.econmatters.com/" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">EconMatters</span></span></a> All Rights Reserved | <a title="Open in new window" class="external" href="http://www.facebook.com/EconMatters" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">Facebook</span></span></a> | <a title="Open in new window" class="external" href="http://twitter.com/#!/EconMatters" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">Twitter</span></span></a> | <a title="Open in new window" class="external" href="http://www.youtube.com/c/Econmatters" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">YouTube</span></span></a> | <a title="Open in new window" class="external" href="http://feedburner.google.com/fb/a/mailverify?uri=EconForecast" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">Email Digest</span></span></a> | <a title="Open in new window" class="external" href="http://astore.amazon.com/econforecast-20?_encoding=UTF8&amp;node=80" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">Kindle</span></span></a><strong>&nbsp;</strong><em>&nbsp;</em><span style="text-decoration: underline;">&nbsp;</span></p> http://www.zerohedge.com/news/2017-01-22/netflix-can-add-subscribers-what-cost-video#comments American brands BlackBerry BlackBerry Limited Computing Disaster Facebook Netflix Social media Social networking services Software Stock market Technology Twitter Twitter Twitter Universal Windows Platform apps Sun, 22 Jan 2017 19:47:16 +0000 EconMatters 586152 at http://www.zerohedge.com The Last Time Oil Speculators Were This 'Long', Crude Collapsed http://www.zerohedge.com/news/2017-01-22/oil-speculators-have-never-been-long <p>Despite<a href="http://www.zerohedge.com/news/2017-01-20/oil-slides-after-rig-count-spikes-most-april-2013"> soaring rig counts, surging US shale production</a>, and increasing <a href="http://www.zerohedge.com/news/2017-01-22/opec-praises-production-cuts-reveals-no-penalties-violators-deal-skepticism-rises">doubts over OPEC/NOPEC cuts being sustained</a> (albeit with Saudi jawboning)...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170120_rigs2.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170120_rigs2_0.jpg" style="width: 500px; height: 261px;" /></a></p> <p>Oil speculators have decided to add to their long positions in the last week, pushing the net position in futures to a new record high -<em><strong> above the 2014 peak from which crude collapsed</strong></em>.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170122_oil1.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170122_oil1_0.jpg" style="width: 500px; height: 265px;" /></a></p> <p>&nbsp;</p> <p><a href="http://www.zerohedge.com/news/2017-01-21/raoul-pal-warns-day-reckoning-looms-vix-shorts-reminds-me-portfolio-insurance-1987">As Raoul Pal detailed previously,</a> <strong>look at the term structure of crude oil. </strong>We&#39;ve got a fairly steep contango for a few months but then we see backwardation in the belly of the curve. So apparently, we&#39;re not going to need storage after June or July or so it&#39;s going to be a non-issue those tanks are going to be empty. I&#39;m not buying that story.</p> <p><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170122_oil_0.jpg" style="width: 500px; height: 274px;" /></p> <p>&nbsp;</p> <p>So I do see a curve steepener trade that is-- I actually just bought a bunch of spreads short June, long December. Just thinking that at that point there was backwardation in that segment of the curve I don&#39;t think that&#39;s going to stay in backwardation I think by the time June gets here we&#39;re going to be looking at contango again.</p> <p>So that&#39;s one trade that I see the other one I&#39;m kind of waiting for and I&rsquo;m lining up quite a few dominoes here is I think that Trump is going to get tough with ISIS very quickly after entering office and I wouldn&#39;t be surprised if there&#39;s some kind of ultimatum, ISIS knock it off or else, and I think there&#39;s so much hysteria right now politically there&#39;s so many people with such polarized viewpoints that you could easily see a an overreaction, a massive upward spike in oil prices because a lot of paranoid people are convinced that Donald Trump is going to launch nuclear weapons on ISIS or something.</p> <p>I don&#39;t think that&#39;ll actually happen. <em><strong>If there was a $25 up spike in oil prices from here I would look at that as a very very ripe shorting opportunity because I don&#39;t think prices can go $25 higher and stay there because the shale revolution will be restarted, the bakken will be relaunched and those prices will come back down.</strong></em></p> <p>So I don&#39;t want to bet on the up spike I&#39;m not convinced it will happen if it does happen I&#39;ll definitely bet on the mean reversion. Frankly that&#39;s all I can really see at this point for trades.</p> <p>So to add on about oil. Oil is interesting to me because if you remember I made a very public forecast on oil way back in 2015 I think it was, when I said look I think oil is going to fall to $30 dollars a barrel it was like at 110 at the time and luckily it got there these things don&rsquo;t always work out that way but it did and the reason I had a lot of faith was twofold one the dollar was going up and I thought it would go much higher which obviously is the normal nature of oil prices so that helps that.</p> <p><strong>The other thing was speculative position in crude oil was all time high in fact if I took the trend going back from the early 80&#39;s it was seven standard deviations above that trend and well over three standard deviations maybe four standard deviations from the trend in the last 20 years or 15 years. So, the position was huge</strong>.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170121_pal1.jpg"><img height="260" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170121_pal1_0.jpg" width="500" /></a></p> <p>If I look at it now again, I&#39;m looking again at my Bloomberg screen as we speak it&#39;s equal to where it was. So, it came, all the way back down, it&#39;s got all the way back up.<strong> So, the market is wildly gigantically bullish on crude oil and that is something that starts looking like an opportunity to me on the short side.</strong></p> <p>I get what you&#39;re saying about the price risk which is always the danger of shorting crude oil it&#39;s always a bit of a negative gamma trade. So it makes it a bit nervous but I still think that crude oil comes lower so I&rsquo;m bullish in that.</p> <p><strong>I&#39;ve seen a similar situation with copper driven by China and a few other things where copper position is wildly extreme and so I start to think well too much reflation is priced into these things maybe there&rsquo;s an interesting opportunity on the short side.</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170121_pal2.jpg"><strong><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170121_pal2_0.jpg" style="width: 500px; height: 261px;" /></strong></a></p> <p><strong><em>Erik:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </em></strong>Yeah, I very much agree with that I want to be short equities here and I want to be short crude oil but I don&#39;t dare to touch either trade from the short side right now because there&#39;s been so much bullish hysteria in the equity market. I don&#39;t know what&#39;s going to happen to you know sell the inauguration. OK I&#39;ve said sell quite a few times in the last few years and been wrong so I want to be short but-- emotionally I want to, I can&#39;t bring myself to do it because there&#39;s just been-- every time I say OK the market can&#39;t possibly go higher than this it ends up going higher.</p> <p>In the case of crude oil, I&#39;m convinced that this rally has played out from a fundamental standpoint. It&rsquo;s that hysteria risk that if it happens it&#39;s a fantastic opportunity to go short. I would consider puts on crude oil here as a speculation that maybe they&#39;ll go lower. But I don&#39;t want be an outright futures here I&#39;d rather be in puts on futures and have a very limited downside if Trump scares everybody.</p> <p>If that happens &ndash; I don&#39;t think it&#39;s a real risk &ndash; I just think it&#39;s hysteria and look at there&#39;s actually been an increase in residency applications in Chile because there are people freaking out about Donald Trump so much that they want to be in the southern hemisphere for when he starts the nuclear war that&#39;s a fact. This is hysteria and until it settles down I don&#39;t want to be on the short side of the oil trade unless it&#39;s using options or something protected.</p> <p><strong><em>Raoul:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </em></strong>Yeah, I agree. <strong>What is interesting oil volatility has been coming lower.</strong> Look, I don&#39;t think it&#39;s going to get back to where it was in 2014 when it was trading below 20 but it has come down from a peak of 80, a kind of a real trading range of 50 down to 30. <strong>If it comes any lower the ability to buy options start to make sense because oil volatility can go to 80 can go to a 100</strong> so maybe buying some puts on oil or you buy kind of out of the money calls out of the money puts If you&#39;ve got the view that you have that there is a tail risk events of something that Trump administration will do to drive up the price of oil and that&#39;s possible don&#39;t forget that the economic policies is credibly pro oil in the U.S. right now with the new administration. So, it is in that economic interest to drive up the price of oil.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170121_pal3.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170121_pal3_0.jpg" style="width: 500px; height: 280px;" /></a></p> <p><span style="text-decoration: underline;"><strong>So yes, I can see that too. I love these kinds of puzzles. These are the kind of ones that get me up at night thinking wow, that&rsquo;s interesting, you&#39;ve got all of the reasons why the oil price should fall, all of the geopolitical reasons and business reasons why the U.S. wants a higher oil price so how does this play out what does that mean for us.</strong></span></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="961" height="510" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170122_oil1.jpg?1485108981" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-22/oil-speculators-have-never-been-long#comments Backwardation Business Business China Contango Contango Copper Crude Crude Oil Donald Trump Donald Trump Economy Futures contract Futures markets Mean Reversion Normal backwardation OPEC OPEC Organization of Petroleum-Exporting Countries Petroleum politics Political positions of Donald Trump Price of oil Volatility Sun, 22 Jan 2017 19:30:00 +0000 Tyler Durden 586143 at http://www.zerohedge.com Trump Fires Up Europe's Anti-Establishment Movement http://www.zerohedge.com/news/2017-01-22/trump-fires-europes-anti-establishment-movement <p><a href="https://www.gatestoneinstitute.org/9810/trump-europe-establishment"><em>Submitted by Soeren Kern via The Gatestone Institute,</em></a></p> <ul> <li><em><strong>&quot;The genie will not go back into the bottle again, whether you like it or not.&quot;</strong></em> &mdash; Geert Wilders, MP and head of the Party for Freedom, the Netherlands.</li> <li>A growing number of Europeans are rebelling against decades of government-imposed multiculturalism, politically correct speech codes and mass migration from the Muslim world.</li> <li>Europe&#39;s establishment parties, far from addressing the concerns of ordinary voters, have tried to silence dissent by branding naysayers as xenophobes, Islamophobes and neo-Nazis.</li> <li>&quot;In many respects, France and Germany are proving they do not understand the meaning of Brexit. They are reflexively, almost religiously, following exactly the path that has provoked the EU&#39;s current existential crisis.&quot; &mdash; Ambassador John R. Bolton, former U.S. ambassador to the United Nations.</li> <li><em><strong>&quot;There is a genuine feeling that Trump taking over the White House is part of a bigger, global movement. Our critics, looking at Trump&#39;s candidacy and his speech yesterday, would call it the rise of populism. I would say it&#39;s simply a return to nation state democracy and proper values.... This is a genuine political revolution.&quot;</strong></em> &mdash; Nigel Farage, former head of Britain&#39;s UKIP party, who led the effort for the United Kingdom to leave the EU.</li> <li>&quot;This disruption is fruitful. The taboos of the last few years are now fully on the agenda: illegal immigration, Islam, the nonsense of open borders, the dysfunctional EU, the free movement of people, jobs, law and order. Trump&#39;s predecessors did not want to talk about it, but the majority of voters did. This is democracy.&quot; &mdash; Roger Köppel, editor-in-chief of <em>Die Weltwoche</em>, Switzerland.</li> </ul> <p><strong>Inspired by the inauguration of U.S. President Donald J. Trump, the leaders of Europe&#39;s main anti-establishment parties have held a pan-European rally aimed at coordinating a political strategy to mobilize potentially millions of disillusioned voters in upcoming elections in Germany, the Netherlands and France.</strong></p> <p>Appearing together in public for the first time, Marine Le Pen, leader of the French National Front, Frauke Petry, leader of the Alternative for Germany (AfD), Geert Wilders, leader of the Dutch Party for Freedom (PVV), Matteo Salvini, leader of Italy&#39;s Northern League and Harald Vilimsky of Austria&#39;s Freedom Party <a href="https://twitter.com/MLP_officiel/status/822790709749186560" target="_blank">gathered</a> on January 21 at a rally in Koblenz, Germany, where they called on European voters to participate in a<strong> &quot;patriotic spring&quot; to topple the European Union</strong>, reassert national sovereignty and secure national borders.</p> <table align="center" border="0" cellpadding="0" cellspacing="0" style="margin-bottom: 5px; max-width: 600px;"> <tbody> <tr> <td style="max-width: 600px; border: 1px solid black;"><img border="0" height="401" src="https://www.gatestoneinstitute.org/pics/2226.jpg" width="600" /><br /> <p style="font-size: 82%; margin: 4px 6px;">The leaders of Europe&#39;s main anti-establishment parties appearing together in public for the first time, on January 21 in Koblenz, Germany. (Image source: Marine Le Pen/Twitter)</p> </td> </tr> </tbody> </table> <p>The two-hour rally was held under the banner of the Europe of Nations and Freedom (ENF), a group established in June 2015 by Members of the European Parliament from nine counties to oppose European federalism and the transfer of political power from voters to unelected bureaucrats in Brussels, the de facto capital of the European Union.</p> <p>Referring to the June 2016 decision by British voters to leave the European Union, and the rise of President Donald Trump in the United States, Le Pen <a href="https://twitter.com/MLP_officiel/status/822762942110240768" target="_blank">said</a>:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&quot;We are living through the end of one world, and the birth of another. We are experiencing the return of nation-states. 2016 was the year the Anglo-Saxon world woke up. 2017, I am sure, will be the year in which the peoples of the European continent rise up.&quot;</p> </blockquote> <p>Wilders <a href="https://twitter.com/geertwilderspvv/status/822822917151002625" target="_blank">added</a>:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&quot;The world is changing. America is changing. Europe is changing. It started last year with Brexit, yesterday there was Trump and today the freedom-loving parties gathered in Koblenz are making a stand. The genie will not go back into the bottle again, whether you like it or not. The people of the West are awakening. They are throwing off the yoke of political correctness.&quot;</p> </blockquote> <p>Polls indicate that the political sea change engulfing the United States is fueling support for anti-establishment parties in Europe. In addition to anger over eroding sovereignty, a growing number of Europeans are rebelling against decades of government-imposed multiculturalism, politically correct speech codes and mass migration from the Muslim world.</p> <p>In France, a new Ipsos poll for <em>Le Monde</em> <a href="http://www.france24.com/en/20170120-marine-le-pen-takes-lead-opinion-poll-le-monde-ipsos-france" target="_blank">shows</a> that Marine Le Pen is now poised to win the first round of the French presidential election set for April 23, 2017. Le Pen has between 25% and 26% support among likely voters, compared to 23% and 25% for François Fillon of the center-right Republicans party. In December 2016, Fillon held a three-point lead over Le Pen.</p> <p>In the Netherlands, Geert Wilders is now <a href="http://nos.nl/artikel/2149429-peilingwijzer-opmars-pvv-zet-door.html" target="_blank">leading</a> polls ahead of the general election scheduled for March 15, 2017. The PVV has the support of between 29% and 33% of the electorate. By contrast, support for the ruling People&#39;s Party for Freedom and Democracy (VVD) has fallen to between 23% and 27%.</p> <p>In Germany, the anti-immigration Alternative for Germany party (AfD) has <a href="http://www.wahlrecht.de/umfragen/" target="_blank">become</a> the third-largest party the country, with support at around 15% percent. The AfD had gained representation in ten of Germany&#39;s 16 state parliaments, and the party hopes to win seats in the Federal Parliament (Bundestag) for the first time in national elections set for September 24, 2017.</p> <p>Europe&#39;s establishment parties, far from addressing the concerns of ordinary voters, have tried to silence dissent by <a href="http://www.reuters.com/article/us-germany-afd-idUSKCN0YY02E" target="_blank">branding</a> naysayers as xenophobes, Islamophobes and neo-Nazis.</p> <p>In Germany, for example, Vice Chancellor Sigmar Gabriel, in an underhanded effort to silence criticism of the government&#39;s open door migration policy, <a href="http://www.focus.de/politik/deutschland/nach-petrys-schusswaffen-aeusserung-gabriel-afd-gehoert-in-den-verfassungsschutzbericht-und-nicht-ins-fernsehen_id_5250938.html" target="_blank">called</a> for German intelligence to begin monitoring the AfD.</p> <p>The German Interior Ministry is now proposing to <a href="http://www.spiegel.de/netzwelt/netzpolitik/fake-news-bundesinnenministerium-will-abwehrzentrum-einrichten-a-1127174.html" target="_blank">establish</a> a &quot;Defense Center against Disinformation&quot; (<em>Abwehrzentrum gegen Desinformation</em>) to combat &quot;fake news.&quot; Critics have <a href="http://www.spiegel.de/netzwelt/netzpolitik/fake-news-bundesinnenministerium-will-abwehrzentrum-einrichten-a-1127174.html" target="_blank">described</a> the proposed center as a &quot;censorship monster&quot; aimed at silencing dissenting opinions.</p> <p>Enter Trump. If sufficient numbers of European voters are inspired by the political transformation taking place in the United States, the balance of European political power may begin to shift in favor of the anti-establishment parties. European political and media elites will therefore surely view Trump as a threat to the Europe&#39;s established political order.</p> <p>In a January 16 <a href="http://www.thetimes.co.uk/article/full-transcript-of-interview-with-donald-trump-5d39sr09d" target="_blank">interview</a> with the <em>Times of London</em> and Germany&#39;s <em>Bild</em>, Trump said he believed that Brexit is &quot;going to end up being a great thing.&quot; He added that German Chancellor Angela Merkel made an &quot;utterly catastrophic mistake by letting all these illegals into the country.&quot;</p> <p>In the same interview, Trump said that the NATO alliance &quot;is very important to me&quot; but he called it &quot;obsolete&quot; for failing to contain the threat posed to the West by Islamic terrorism. He also complained that some countries &quot;don&#39;t pay what they should pay.&quot; Of the 28 countries in the alliance, only five &mdash; Britain, Estonia, Greece, Poland and the United States &mdash; meet the target of spending at least 2% of their GDP on defense.</p> <p>European commentators roundly criticized Trump for his comments and some accused the United States of being an &quot;unreliable partner.&quot; European leaders repeated <a href="https://www.gatestoneinstitute.org/8935/european-army" target="_blank">calls</a> for a pan-European Army, a long-held goal of European federalists, which would entail an unprecedented transfer of sovereignty from European nation states to the European Union.</p> <p>Gatestone Institute Chairman Ambassador John R. Bolton, has provided much-needed context to the debate over NATO. In a recent article for the <em>Boston Globe</em>, he <a href="https://www.bostonglobe.com/opinion/2016/09/27/trump-has-point-about-nato/fPupu7BotmXhXWQyQo2RBP/story.html" target="_blank">wrote</a>:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&quot;NATO has taken intense criticism this year from Donald Trump, evoking howls of outrage from foreign-policy establishment worthies. The worthies know, however, that Trump is simply using his bullhorn to say what they themselves say more quietly: NATO&#39;s decision-making is often sclerotic; its mission has not been adequately redefined after the Cold War; and too many members haven&#39;t carried their weight financially or militarily for long years.... Trump has emphasized that his complaints are intended to encourage debate about improving and strengthening NATO, not sundering it. The debate is well worth having.&quot;</p> </blockquote> <p>Bolton added:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&quot;In many respects, France and Germany are proving they do not understand the meaning of Brexit. They are reflexively, almost religiously, following exactly the path that has provoked the EU&#39;s current existential crisis: every failure of closer integration by the &#39;European project&#39; leads only to calls for more integration. Whether it is establishing a currency without a government; pledging military capabilities that collectively the EU never achieves; or pretending to an EU role in world affairs that no one outside of Brussels takes seriously, &#39;more Europe&#39; is always the answer.&quot;</p> </blockquote> <h3><u><strong>European Reactions to President Trump&#39;s Inauguration</strong></u></h3> <p>Trump&#39;s presidential inauguration speech was greeted with formal politeness by European leaders &mdash; most of whom will have to work with the new leader of the free world &mdash; and with unbridled derision by European commentators and media elites &mdash; many of whom appear to be in denial about the anti-establishment fervor sweeping the United States and Europe.</p> <p>Much of the European commentary about Trump has consisted of name-calling and anti-Americanism. A handful of European analysts, however, have called for introspection and self-criticism.</p> <p>What follows is a brief selection of European commentary on Trump&#39;s inauguration:</p> <p>In <strong>Britain</strong>, reactions to Trump were evenly divided between those who do and do not support British membership in the European Union. Prime Minister Theresa May <a href="http://www.bbc.com/news/uk-politics-38702859" target="_blank">said</a>:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&quot;From our conversations to date, I know we are both committed to advancing the special relationship between our two countries and working together for the prosperity and security of people on both sides of the Atlantic.&quot;</p> </blockquote> <p>Foreign Secretary Boris Johnson <a href="http://www.bbc.com/news/uk-politics-38702859" target="_blank">wrote</a>:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&quot;I think that the new president has made it very clear that he wants to put Britain at the front of the line for a new trade deal and obviously that&#39;s extremely exciting and important.&quot;</p> </blockquote> <p>Nigel Farage, the politician who led the effort for the United Kingdom to leave the EU, was one of the few Europeans to understand the magnitude of Trump&#39;s rise. He <a href="http://www.telegraph.co.uk/news/2017/01/20/donald-trumps-inauguration-proves-revolution-full-flow-cant/" target="_blank">wrote</a>:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&quot;There is a genuine feeling that Trump taking over the White House is part of a bigger, global movement. Our critics, looking at Trump&#39;s candidacy and his speech yesterday, would call it the rise of populism. I would say it&#39;s simply a return to nation state democracy and proper values. For this inauguration is not just a change from the 44th President to the 45th President of the United States. This is a genuine political revolution.&quot;</p> </blockquote> <p>In <strong>France</strong>, President François Hollande <a href="http://www.reuters.com/article/us-usa-trump-hollande-idUSKBN1502AT?il=0" target="_blank">advised</a> Trump to stay out of European affairs &mdash; this a few days after the French government tried to <a href="http://www.diplomatie.gouv.fr/en/country-files/israel-palestinian-territories/peace-process/initiative-for-the-middle-east-peace-process/article/conference-for-peace-in-the-middle-east-15-01-17" target="_blank">impose</a> a &quot;two-state solution&quot; on Israel. He said: &quot;Europe will be ready to pursue transatlantic cooperation, but it will be based on its interests and values. It does not need outside advice to tell it what to do.&quot;</p> <p>Marine Le Pen <a href="http://www.lefigaro.fr/politique/le-scan/citations/2016/11/13/25002-20161113ARTFIG00062-marine-le-pen-espere-une-victoire-a-la-donald-trump-en-2017.php" target="_blank">said</a>: &quot;Clearly, the victory of Donald Trump is another step toward the emergence of a new world, whose vocation is to replace an old order.&quot;</p> <p>Jean-Marie Colombani, the former editor-in-chief of <em>Le Monde</em>, <a href="http://www.challenges.fr/monde/etats-unis/pour-trump-il-n-y-a-pas-que-l-otan-qui-est-obsolete-l-europe-aussi_448292" target="_blank">articulated</a> Europe&#39;s geopolitical predicament, which is the direct consequence of a failure to prioritize French defense spending:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&quot;From an American point of view, Vladimir Putin is a secondary problem: Russia is a medium power, which can certainly create problems for the United States, but only marginally, as in Syria, for example. China is the only power to rival the United States. It will be, already is, the only obsession of Trump&#39;s America.</p> <p>&nbsp;</p> <p>&quot;Vladimir Putin represents a problem, if not a threat, for Europe. In fact, the Russian President has set the goal of weakening the European Union, in order to restore the role of guardian that the USSR exercised in the East of Europe, in countries that are now members of the EU and NATO. Everything suggests that Trump shares the same objective: to weaken Europe.</p> <p>&nbsp;</p> <p>&quot;Indeed, Trump&#39;s European policy is inspired by Nigel Farage, who spearheaded the campaign for Brexit, and whose political aim is now to achieve the dismantling of the European Union. This explains the prediction formulated by Trump on the soon-coming demise of Europe, and his anti-German undertones. In the new American president we find the language and elements of all the populist and extremist parties whose common doctrine is hostility towards the European project. Here, then, in the East and the West, Europe is squeezed as in a vise!&quot;</p> </blockquote> <p>In <strong>Germany</strong>, which is wholly dependent upon the United States for defense, and which has steadfastly refused to meet its commitment to pay 2% of GDP on defense, reaction to Trump&#39;s speech was overwhelmingly negative.</p> <p>Chancellor Angela Merkel <a href="http://www.reuters.com/article/us-germany-usa-merkel-idUSKBN1550GR?il=0" target="_blank">pledged</a> to work with Trump to preserve the transatlantic relationship. &quot;The trans-Atlantic relationship will not be less important in the coming years than it was in past years,&quot; she said. &quot;And I will work on that. Even when there are different opinions, compromises and solutions can be best found when we exchange ideas with respect.&quot;</p> <p>Vice Chancellor Sigmar Gabriel was far less diplomatic. He <a href="http://www.faz.net/aktuell/politik/trumps-praesidentschaft/reaktionen-auf-trump-rede-gabriel-europa-muss-seine-interessen-beinhart-vertreten-14709671.html" target="_blank">said</a>: &quot;We have to take this man seriously. What we heard today were highly nationalistic tones. I think we have to prepare for a rough ride.&quot; He called on Europeans to unite to &quot;defend our interests.&quot;</p> <p>Writing for <em>Deutsche Welle</em>, commentator Max Hofmann <a href="http://www.dw.com/en/opinion-europe-needs-to-worry-less-about-trump/a-37217635" target="_blank">admonished</a> Europeans to stop complaining about Trump and instead put their own house in order:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&quot;What do you do when your closest partner just disappears on you? You do what the EU should have done long ago: you fix up your home, regardless of what &#39;The Donald&#39; is doing in the USA. There is enough work that needs to be done in Europe with regard to &#39;putting your own house in order&#39; &mdash; Brexit, migration and refugee policies, the euro. If Europeans were honest to themselves and viewed what is happening on the old continent from the American perspective &mdash; and not just that one &mdash; then the situation would not be comprehensible to them. If US parliamentarians were to call European dissent &#39;madness&#39; or &#39;nonsense,&#39; no one could blame them.&quot;</p> </blockquote> <p>Commentator Hubert Wetzel said that Trump posed a threat to European security and called for European unity to weather the next four years. In an essay laced with hyperbole, he <a href="http://www.sueddeutsche.de/politik/vereinigte-staaten-von-amerika-america-first-1.3341708" target="_blank">wrote</a>:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&quot;Europeans will have to adapt to a new tone in dealing with America. Trump has made it clear in his speech that he will pursue a nationalist foreign policy, and his speech contained no reference to America&#39;s allies. [Trump actually said: &#39;We will reinforce old alliances and form new ones,&#39; and &#39;We will seek friendship and goodwill with the nations of the world&#39;]. His willingness to spend money on the defense of other countries is limited. He does not see the USA as a protective power of democratic values in the world; and he is the first U.S. president since the end of the Second World War who has openly expressed doubts about the value of European unity and the existence of NATO. At a time when Russia is trying to weaken the West by means of diplomatic, intelligence, and military means, it is an attitude that is a serious threat to united Europe.&quot;</p> </blockquote> <p>In <strong>Spain</strong>, geopolitical analyst Rafael Bardají <a href="http://www.libertaddigital.com/opinion/rafael-l-bardaji/el-dia-de-la-bestia-81186/" target="_blank">wrote</a>:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&quot;President Trump promised that a new era is beginning today. In his inaugural speech he made it very clear that he despises Washington and hates the way the establishment has ruled the country up until now, defending its privileges at the expense of citizens. Yes, a speech that can be called populist, but one that nevertheless is true. Democracy, after all, emerged as the government of the people for the people, something that, at present, is far from being a reality in America as well as in Europe. The great social contract of liberal democracy, namely, growing prosperity and peace and security for the citizens, is no longer being fulfilled. This is due to the inability of our elites to deal with the [economic] crisis, due to their obsession with pacifism and due to the subordination of the interests of nationals in favor of immigrants.&quot;</p> </blockquote> <p>In <strong>Switzerland</strong>, Roger Köppel, editor-in-chief of <em>Die Weltwoche</em>, warned against efforts by European elites to belittle Trump. He <a href="http://www.weltwoche.ch/ausgaben/2017-3/artikel/trump-verbl%C3%B6dung-die-weltwoche-ausgabe-32017.html" target="_blank">wrote</a>:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&quot;Trump&#39;s election was a healthy shock. The shock was necessary. Not only power cartels, but also worldviews are breaking down. This disruption is fruitful. The taboos of the last few years are now fully on the agenda: illegal immigration, Islam, the nonsense of open borders, the dysfunctional EU, the free movement of people, jobs, law and order. Trump&#39;s predecessors did not want to talk about it, but the majority of voters did. This is democracy.&quot;</p> </blockquote> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="598" height="314" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170122_eu.jpg?1485108604" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-22/trump-fires-europes-anti-establishment-movement#comments Britain's UKIP party China Defense Center against Disinformation Donald Trump Donald Trump Estonia Europe of Nations and Freedom European Parliament European Union European Union Euroscepticism Far-right politics Federal Parliament France Freedom party French government French National Front Gatestone Institute Geert Wilders German Freedom Party German intelligence German Interior Ministry Germany Germany party Greece Islam in the Netherlands Israel Italy Italy's Northern League Marine Le Pen National Front Netherlands North Atlantic Treaty Organization pan-European Army Party for Freedom Party for Freedom Poland Politics Politics Politics of Europe Reality Republicans party Switzerland Twitter Twitter United Kingdom United Nations Vladimir Putin White House White House Sun, 22 Jan 2017 18:55:00 +0000 Tyler Durden 586142 at http://www.zerohedge.com In Blistering Interview, Conway Tells Chuck Todd "We Are Going To Have To Rethink Our Relationship With The Press" http://www.zerohedge.com/news/2017-01-22/blistering-interview-conway-tells-chuck-todd-we-are-going-have-rethink-our-relations <p>To members of the mainstream media, it would appears <strong><em>&#39;size matters&#39;,</em></strong> as the Inauguration crowd-gate debacle continues following Sean Spicer&#39;s<a href="http://www.zerohedge.com/news/2017-01-21/white-house-spokesman-slams-media-over-crowd-size-comparisons-bizarre-first-briefing"> unusual press conference yesterday</a>. During a combative interview this morning with NBC&#39;s Chuck Todd, Trump top advisor Kellyanne Conway <strong>blasted media &quot;falsehoods,&quot;</strong> crushing Todd&#39;s &#39;size&#39; issues by noting that<strong><em> &quot;Presidents aren&#39;t judged by crowd sizes at their inauguration, they&#39;re judged by their accomplishments.&quot;</em></strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170122_todd_0.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170122_todd_0.jpg" style="width: 600px; height: 267px;" /></a></p> <p>But Conway was not done with the &quot;Meet The Press&quot; anchor yet, as she cornered him, noting this was just more evidence of the unfair and biased treatment of the Trump administration by the media:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em><strong>&quot;<u>We&#39;re going to have to rethink our relationship with the press... </u></strong></em></p> <p>&nbsp;</p> <p><em><strong>Yesterday, we allowed the press into the Oval Office to witness the signing of executive orders and what happens almost immediately - <u>a falsehood is told about removing the bust of Martin Luther King Jr - that&#39;s just flat-out false.</u>&quot;</strong></em></p> <p>&nbsp;</p> <p><em><strong>&quot;I&#39;m <u>thrilled that all of a sudden NBC News and Chuck Todd is so focused on covering crowd control, because we were mocked daily </u>for talking about the historic significance of the size of the crowds at our rallies during the campaign... on great days were ignored, and on most days we were mocked.&quot;</strong></em></p> <p>&nbsp;</p> <p><em><strong>&quot;You want the American people to think they can&#39;t trust The White House press secretary, that&#39;s a very dangerous statement to make. <u>Your job is to report the news, not to give your opinion, you&#39;re not an opinion columnist.</u>&quot;</strong></em></p> <p>&nbsp;</p> <p><em><strong><em>...<u>you&#39;ve got a 14% approval rating, that you&#39;ve earned</u>...&quot;</em></strong></em></p> </blockquote> <p>And Todd&#39;s response...</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em><strong>&quot;...you attack us [the media] with some weird Twitter feed that you guys are obsessed with.&quot;</strong></em></p> </blockquote> <p>See the full <em><strike>bloodbath</strike></em> interview below...</p> <p><iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/ZewmkqygDes" width="560"></iframe></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="750" height="334" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170122_todd1.jpg?1485109140" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-22/blistering-interview-conway-tells-chuck-todd-we-are-going-have-rethink-our-relations#comments Donald Trump Kellyanne Conway Mass media Meet The Press NBC Politics of the United States Trump Administration Twitter Twitter United States White House White House Sun, 22 Jan 2017 18:19:12 +0000 Tyler Durden 586141 at http://www.zerohedge.com