Hard hitting global and local news
Link: Producer Prices Decline More Than Expected, Services Disappoint; Oil Approaches $29
See more here: Corporate Bond Rates Go Negative in Japan; No End to Central Bank Madness
See more here: Industrial Production Numbers and Revisions Shockingly Bad; Autos Have Peaked
Empire State Manufacturing Index Posts Horrific -19.37, Lowest Reading Since April 2009 Economic data today was awful, at best. Retail Sales Were Negative , and that was arguably the best report. Let’s now take a look at the other reports starting with Empire State Manufacturing
Despite glowing reports of last minute Christmas sales, none of which I believed, December retail sales are best described as awful. Apparel was a standout, down 0.9%. The surprise here is that nobody blamed the weather.
Read More: Illinois Too Big a Risk: GE Moves Corporate Headquarters to Boston, Bypassing Chicago Citing Litany of Issues
Jakarta Blasts: ISIS Inc Strikes Again Was Jakarta Getting Too Cozy with China? January 15, 2016 (Tony Cartalucci – LD) – Here is what we are expected to believe regarding coordinated bombings and mass shootings that took place on Thursday in the capital of Southeast Asia’s nation of Indonesia – an economically and geopolitically crucial state. We are to believe that the "Islamic State in Iraq and Syria" (ISIS) – named so because it allegedly exists and primarily operates in Iraq and Syria - is fighting the Syrian government, nonexistent moderates the US claims it is arming and funding to the tune of several billions of dollars a year since 2011, the Iraqi government, the Kurds, Russia, Lebanon’s Hezbollah, and Iran
Originally posted here: Irate German Politician Busses 31 Refugees to Merkel’s Office
More here: US Desperately Paints Russia as Villain in Syria
Read the article: Terrorists Strike Indonesia Capital; Istanbul Suicide Bomber Entered Turkey as Refugee; Door Still Open