Hard hitting global and local news
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.
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
Read the article: Terrorists Strike Indonesia Capital; Istanbul Suicide Bomber Entered Turkey as Refugee; Door Still Open
Lies and More Lies: Another Look at Obama’s State of the Union Address Posted by Michael Shedlock at 7:05 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy
The LA Times reports Beer Merger will not bring Budweiser, Miller Under Same Roof . The world’s two biggest beer makers will join forces to create a company that produces almost a third of the world’s beer
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The Wall Street Journal reports Turkey Blames Islamic State in Istanbul Attack .
Continued here: China Declares War on Currency Speculators; Interbank Yuan Rates Spike to Record High 13.4%
View article: Merkel Cancels Davos Trip, Warns Refugee Sex Offenders Part of Organized Crime