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headlines

Read This Before The Government Uses The Orlando Shooting To Start Another War

Despite the CIA’s report acknowledging it found no tangible connections between Mateen and the so-called Islamic state, the narrative concerning his ISIS ties saturated mainstream headlines for days, almost certainly cementing the link in the public’s mind. Disgruntled politicians eager to overthrow Assad - thus also carrying out Saudi goals - can now facilely flip the script to assert deposing the Syrian government is necessary in the fight against everyone’s enemy, the Islamic State..."Failure to stem Assad’s flagrant abuses will only bolster the ideological appeal of groups such as Daesh [ISIS, etc.], even as they endure tactical setbacks on the battlefield."

The Shockingly Corrupt Oakland Police Department Destroyed In 16 Tweets

While the mainstream media attacked Donald Trump over his comments regarding Oakland, it appears the second most dangerous city in America is making headlines for even worse reasons. Confirming every stereotype of corrupt officialdom and the "above the law" mantra of today's American cop, Oakland police department has been buried with bombshells in the last week. As summed up perfectly in these 16 tweets, Oakland cops and their "toxic, macho culture" are accused of everything from racist texts to child trafficking, and from murder cover-ups to under-age sex...

Tensions Between US/NATO & Russia Are Flaring Dangerously

As if there weren’t enough crises to worry about in the world already, from shooting rampages to accelerating species loss, the US and NATO continue to ‘poke the bear’ and risk an outbreak of war with Russia.

Rental-Nation Escalates - Housing Starts & Permits 'Flat' After Surge In Multi-Family Completions

Despite the apparent lack of supply, and the peak seasonality, Housing Starts were basically flat at 1164k (vs a revised 1167k in April) and Permits rose very modestly to 1138k (from 1130k in April). But while the headlines may be somewhat dull, under the covers the narrative of "rental-nation" continues with Starts and Permits for multi-family units rising notably as single-family stagnated.

Global Stocks Rebound As Brexit Odds Decline Following Tragic Death Of UK Lawmaker

While it may very well not last and all of yesterday's gains could evaporate instantly if the Brexit vote is set to take place as scheduled, all 10 industry groups in the MSCI All-Country World Index advanced, with the index rising 0.7% trimming the week’s drop 1.6%. The Stoxx Europe 600 Index rose 1.4%. Futures on the S&P 500 were little changed, after equities Thursday snapped their longest losing streak since February. . Oil rose, paring its biggest weekly decline in more than two months. Bond yields around the globe fell.

Brexit: All Eyes On European Banks

England’s upcoming vote on June 23rd may be the first of several votes that reveal the deep flaws embedded in the European Union. In particular, Europe’s undercapitalized and overleveraged banks are dangerously exposed to rising political unrest.

USDJPY, Nikkei Plunge As BoJ Disappoints With "No Change"

While only 5 of 40 economists expected a rate cut and only 7 of 39 any additional easing, hopes were rife for some additional ETF buying or hints at further stock purchasing by The Bank of Japan... but no. USDJPY immediatley plunged to a 104 handle and Nikkei 225 crashed 300 points.

The Push For Disarmament Begins

In between using taxpayer dollars to campaign for Hillary Clinton and vacationing at Martha’s Vineyard, Obama has “resurrected” the push for gun control. This latest incident will give him the juice to proceed with an executive order.  We knew that it was inevitable: a pretext would be created to provide “justification” for either some form of gun registration (this always leads to gun confiscation) or the emplacement of martial law.  Remember, the UN and the globalists are just waiting in the wings for the ability to take down the United States and confiscate the firearms.

Fed Keeps Rates Unchanged, Says Labor Market "Will Strengthen" But Slashes Rates Hike Trajectory

With bonds and bullion remainig bid post payrolls, post May Minutes, post April FOMC, and post December's Fed rate-hike, it is clear that the market is losing faith in The Fed... and we suspect The Fed is losing faith in itself as it takes the ax (once again) to its growth and rate forecasts (the dot-plot).

  • *FED SAYS IT EXPECTS LABOR MARKET INDICATORS `WILL STRENGTHEN'
  • *FED: MEDIAN FED FUNDS EST. 1.6% END-2017 VS 1.9% IN MARCH
  • *FED SAYS PACE OF LABOR MARKET IMPROVEMENT HAS SLOWED

July rate-hike odds are at 18% (and Sept at 19%). Pre-Fed: S&P Futs 2082, 10Y 1.61%, EUR 1.1240, Gold $1285

QE: The Good, Bad And Ugly (Or, Why War Is Coming)

"The ugly part comes in when thinking about how to exit QE, if at all. Unfortunately I can't help but think of how the Great Depression ended: it was a boost of fiscal spending, all right: the financing of a war... note that increasing military expenditures in the name of national defense may be more easily passed through the legislature in countries without strong majorities than infrastructure spending. Add to that a rise in populist politicians throughout the world, and we have a mix that suggests to me history may well repeat to those unwilling to learn from it."