RealVision’s 15 “Killer Charts” For Q1 2017

Ranging from the most expensive stock market ever to the dis-similarity in the economic situations facing Donald Trump and Ronald Reagan; and from the excess liquidity driving the price oil to the extraordinarily dangerous growth of credit (debt) relative to GDP, Raoul Pal’s Real Vision has expanded its exceptional services into investment research by publishing the “killer charts” that every market participant should comprehend for the first quarter of 2017…

Real Vision Publications is a bi-weekly investment research service, without the usual spam, sensationalism and BS. With 30 industry thought-leaders, offering a unique investment opinion, original thinking and robust theories. Find out why the founders of Real Vision Publications think you deserve better.

The post RealVision’s 15 “Killer Charts” For Q1 2017 appeared first on crude-oil.top.

Trump Team Will Not Attend Davos: “Would Betray Populist-Fueled Movement”

One of the reasons behind the first ever visit by a Chinese president to next week’s Davos boondoggle is that, as reported last week, president Xi was open to a meeting with US president-elect Donald Trump’s team, if clearly not the president-elect himself, who will be far busier on January 20 – the day the World Economic Forum in Davos ends – getting inaugurated.

“China has good contacts with the present US government, and also has a smooth communication channel with Trump’s team,” deputy foreign minister Li Baodong said on Wednesday. Li was responding to a query on the possibility of a meeting between President Xi Jinping and Trump’s team members when they attend the World Economic Forum in Davos from January 17 to 20, according to SCMP.

However, while the world’s elite eats “$43 Hot Dogs; $47 Burgers And $55 Caesar Salads“, Xi will have to do without a close encounter with members of Trump’s, because as Bloomberg reports, “Trump won’t send an official representative to the annual gathering of the world’s economic elite in Davos, taking place next week in the days leading up to his inauguration.” The stated reason by a senior member of Trump’s transition team is that “the president-elect thought it would betray his populist-fueled movement to have a presence at the high-powered annual gathering in the Swiss Alps.

During the campaign Trump labeled his opponent Hillary Clinton, as “a globalist” and portrayed himself as a champion for the working class fighting an unfair economic system. Since the election, Trump, who will be the nation’s first billionaire president, has nominated for his Cabinet two billionaires and about a dozen millionaires.

And yet, the gathering of millionaires, billionaires, political leaders and celebrities “represents the power structure that fueled the populist anger that helped Trump win the election”, said the person, who Bloomberg said asked for anonymity to discuss the matter. Amusingly, it also leads to such Bloomberg articles as “Davos Wonders If It’s Part of the Problem” (spoiler alert: yes). Additionally, former Goldman Sachs President Gary Cohn, a regular attendee in the past, told the group he would skip 2017 after being named in December to head the National Economic Council. Other top Trump appointees will also pass up the forum.

And yet, there are several reasons to be just a little skeptical of Trump’s adherence to his “populist-fueled movement.” One is tweets like the following:

Trump now at 6 Goldman appointees:

Bannon – Sr. Adviser
Scaramucci – Adviser
Mnuchin – Treasury
Powell – Counselor
Cohn – NEC
Clayton – SEC https://t.co/VmIYQdd8Y2

— Jesse Lehrich (@JesseLehrich) January 12, 2017

Another is that while no Trump member will be there officially, unofficially at least two people from Trump’s immediate orbit will be dancing with the DJs late in the night. One is SkyBridge’s Anthony Scaramucci, who is planning to travel to Davos.The early backer of Trump’s campaign, Scaramucci was named on Thursday as an assistant to the president.

Scaramucci, who has attended the forum several times, made plans before being selected for the White House team and is traveling in an unofficial capacity, said Trump spokeswoman Hope Hicks. The forum schedule lists him on a Jan. 17 panel that will cover “the priorities, challenges and opportunities for the incoming government of the United States,” and identifies him as an executive member of Trump’s transition team.

“Anthony Scaramucci has been a long-standing participant at the annual meeting, and as such has been registered to attend since last spring,” Paul Smyke, head of the North America World Economic Forum, said in a statement. Scaramucci will depart in time to attend Trump’s swearing-in on Jan. 20.

Additionally, Trump’s close political adviser Rebekah Mercer is also registered to attend. A major Republican donor, Mercer is a member of Trump’s transition team and has been influential in helping to hire senior staff, but doesn’t have an official role in the incoming administration, opting to work behind the scenes. Rebekah is, of course, wife of Bob Mercer, co-CEO of Renaissance Technologies, which as we profiled last August was “perfectly hedged” between Mercer, who funded and spearheded the Trump campaign on one hand, and RenTec’s chain-smoking billionaire founder Jim Simons, who together with George Soros, was one of the most generous sponsors of the Clinton campaign.

* * *

Meanwhile, as the Trump team stays away, if only “officially”, China’s Xi is set to become the first Chinese president to attend the forum, bringing with him a contingent of China’s wealthiest executives. China is casting itself as an advocate of globalization, in contrast to Trump’s “America First” platform critical of free-trade deals. According to Reuters, during his visit, Xi Jinping will promote “inclusive globalization” and will warn that populist approaches can lead to “war and poverty.”

Jiang Jianguo, head of the State Council Information Office, told a symposium hosted by the World Trade Organization in Geneva that President Xi would go to Davos to push for development, cooperation and economic globalization in order to build “a human community with shared destiny.” “With the rise of populism, protectionism, and nativism, the world has come to a historic crossroad where one road leads to war, poverty, confrontation and domination while the other road leads to peace, development, cooperation and win-win solutions,” Jiang said.

Xi will join about 3,000 others, who will include U.K. Prime Minister Theresa May, outgoing U.S. Vice President Joe Biden and South African President Jacob Zuma.  The forum wraps up on Trump’s Inauguration Day.

This year’s forum is expected to be dominated by discussion of a surge in public hostility toward globalization and the rise of Trump, whose tough talk on trade, including promises of tariffs against China and Mexico, helped win him the White House. Previously, we laid out the top risks envisioned by the WEF in 2017, and which will be topic of much discussion by those present. They are summarized in the chart below.

The post Trump Team Will Not Attend Davos: “Would Betray Populist-Fueled Movement” appeared first on crude-oil.top.

‘Illegitimate election’ remark irks Trump

Author: 
AFP
Sun, 2017-01-15
ID: 
1484423729030830100

WASHINGTON: President-elect Donald Trump lashed out on Saturday at a prominent civil rights icon and lawmaker who said he is skipping next week’s inauguration ceremony because he sees the New York businessman’s election as illegitimate.
“Congressman John Lewis should spend more time on fixing and helping his district, which is in horrible shape and falling apart (not to mention crime infested) rather than falsely complaining about the election results,” Trump said in a tweet.
“All talk, talk, talk — no action or results. Sad!” he added.
Lewis, who represents a district in the southern state of Georgia that includes Atlanta and surrounding areas, on Friday became the most high-profile Democratic lawmaker to boycott Trump’s inauguration.
At least eight House Democrats have publicly stated they will not be attending Trump’s swearing-in at the US Capitol next Friday, with several indicating their absence will be an act of political protest.
“I don’t see this president-elect as a legitimate president,” Lewis told NBC’s “Meet the Press” talk show in an interview that will air Sunday.
“I think the Russians participated in helping this man get elected. And they helped destroy the candidacy of Hillary Clinton,” he said, adding that he will skip the presidential inauguration for the first time since becoming a member of Congress in 1987.
“You cannot be at home with something that you feel that is wrong.”
US intelligence organizations have accused Russia of cyberattacks on the Democratic National Committee and distributing hacked e-mails from senior Clinton aides in an effort to influence the US election.
Lewis, 76, is known for his decades of work in the civil rights movement, and marched with Martin Luther King at the August 1963 rally in Washington at which King gave his “I Have a Dream” speech.

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US Senate investigates Moscow’s meddling in 2016 election

Author: 
AFP, AP
Sun, 2017-01-15
ID: 
1484423729040830400

WASHINGTON: US senators have launched a probe into Russian spying, saying intelligence reports of Moscow’s interference in the 2016 election and possible ties to American political parties “raise profound concerns.”
The Senate Intelligence Committee, backed by both Democrats and Republicans, will investigate possible contacts between Russia and the people associated with US political campaigns as part of a broader investigation into Moscow’s meddling in the 2016 presidential election.
The probe could trigger forced testimony by officials of both Barack Obama’s outgoing administration and the incoming government of Donald Trump, who won the Nov. 8 presidential vote.
In a statement late Friday, Sens. Richard Burr. R-N.C., the committee’s chairman, and Mark Warner, D-Virginia, the panel’s top Democrat, said the panel “will follow the intelligence where it leads.”
Burr and Warner said that as part of the investigation they will interview senior officials from the Obama administration and the incoming Trump administration. They said subpoenas would be issued “if necessary to compel testimony.”
“We will conduct this inquiry expeditiously, and we will get it right,” the senators said.
A declassified intelligence report released last week said Russian President Vladimir Putin ordered a hidden campaign to influence the election to favor President-elect Donald Trump over Democrat Hillary Clinton, revelations that have roiled Washington.
Trump and his supporters have staunchly resisted the findings and Trump has leveled a series of broadsides at US intelligence agencies, even though he will have to rely on their expertise to help him make major national security decisions once he takes over at the White House next week. He will be sworn in Jan. 20.
At a news conference this week, Trump speculated that US intelligence agencies might have leaked details about a classified briefing with him that included unsubstantiated allegations that Russia had collected compromising sexual and financial information about him.
He said any such information was not true: “It’s all fake news. It’s phony stuff. It didn’t happen.”
The bulk of the Senate Intelligence Committee’s work will be done in secret, although the senators said they will hold open hearings when possible.
“As the committee’s investigation progresses, we will keep Senate leadership, and the broader body, apprised of our findings,” Burr and Warner said.
Democrats and some Republicans have pressed for a special, select bipartisan committee to conduct the investigation, but Republican leaders have maintained that the existing committees are capable of handling the inquiries.
According to the committee’s statement, the inquiry will include:
— A review of the intelligence that informed the declassified report about Russia’s interference in the election.
— “Counterintelligence concerns” related to Russia and the election, “including any intelligence regarding links between Russia and individuals associated with political campaigns.”
— Russian cyber activity and other “active measures” against the US during the election and more broadly.

A report from the Director of National Intelligence released early this month said the Russians hacked Democratic Party computers and accounts to release files embarrassing to Clinton, and also conducted a campaign of media manipulation with the same aim.
But the public version of the report was questioned for offering only weak evidence of its claims.
An unproven dossier compiled by a former British MI6 intelligence agent also alleged close ties between the Trump campaign and Russian government, and said Moscow had lurid video of Trump with prostitutes while in Russia.
“It is critical to have a full understanding of the scope of Russian intelligence activities impacting the United States,” the Senate panel said on Friday.
Trump, who will take office in one week, has repeatedly rejected suggestions that Moscow aided in his election victory.
He has also compared US intelligence agencies to “Nazi Germany” for allegedly leaking to the media their analyzes to undermine him.
The probe will review the intelligence community’s assessments and also other assessments, “including any intelligence regarding links between Russia and individuals associated with political campaigns,” the committee said.
That suggested the former British spy’s explosive report could also be reviewed.
Vowing to “get it right,” the panel said most of the work will be done out of public scrutiny to protect classified information.
In light of the hacking allegations, Trump’s close ties with Russia, and especially President Vladimir Putin, have come under growing scrutiny.
Trump, who sees an opportunity to cooperate with Moscow in fighting jihadist groups like Islamic State, has expressed admiration for Putin, and only reluctantly accepted US intelligence’s conclusion that Russian hackers acting on Putin’s authority interfered in the US elections.
The Washington Post reported that Trump’s incoming national security adviser Michael Flynn telephoned Moscow’s ambassador to Washington, Sergey Kislyak, several times the day before Obama unveiled punitive measures over Russia’s alleged cyberattacks to influence the US election.
Flynn receives a speaking fee from Russian government-funded Russia Today.
Trump’s incoming press secretary, Sean Spicer, said Flynn in fact spoke with the envoy on Christmas Day, sending him a text to wish him a merry Christmas and happy New Year.
“I look forward to touching base with you, and working with you, and I wish you all the best,” Spicer quoted Flynn as telling the ambassador, adding that the envoy responded with holiday greetings.
On Dec. 28, the pair spoke by phone about “the logistics of setting up a call with the president of Russia and the president-elect after he was sworn in, and they exchanged logistical information on how to initiate and schedule that call,” Spicer said.
He added: “That was it. Plain and simple.”
In an interview with the Wall Street Journal, Trump hinted he may scrap Obama’s punitive measures altogether, and said he was prepared to meet with Putin after taking office Jan. 20.
Separately, he blasted the leak of the unsubstantiated report that Russia had gathered compromising personal and financial material on him as “totally made up facts by sleazebag political operatives.”
He promised a “full report” on the hacking claims within 90 days.
In the first round of hearings for Trump nominees that wrapped up Friday, a week before Obama hands the Manhattan billionaire the keys to the White House, several of his cabinet picks publicly contradicted him.
But the president-elect dismissed talk of ideological splits.
“All of my Cabinet nominee (sic) are looking good and doing a great job,” he said in an early morning tweet. “I want them to be themselves and express their own thoughts, not mine!”
The 70-year-old Republican later elaborated, telling reporters at Trump Tower: “I could have said, ‘Do this, say that.’ I don’t want that. I want them all to be themselves.”
“And I’m going to do the right thing, whatever it is. I may be right. And they may be right.”
Over three days of feisty hearings this week, Trump’s nominees warned of the threat posed by Russia, hailed NATO, repudiated torture, defended the US intelligence community and cautioned against withdrawing from the Iran nuclear treaty and the Paris climate accord.
On virtually every controversial foreign policy stance that Trump took during the campaign, they hedged and backtracked and sought to assure senators that they shared the consensus that has shaped Western strategic thinking and institutions since World War II.

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Trump Meets With Professor Who Thinks Global Warming Is Positve

STAFF NEWS & ANALYSIS
Trump Meets With Professor Who Thinks Global Warming Is Positive
By Daily Bell Staff – January 14, 2017

Happer is not wrong that carbon dioxide appears to bolster plant growth — the greening up of the Arctic has, indeed, been observed. But that comes with many other consequences, including melting of glaciers and thawing of permafrost, which can emit still more carbon dioxide to the atmosphere. -Washington Post

Physicist William Happer believes there is global warming but unlike most, he believes it is good for us.

The Princeton physicst questions whether we should have any concerns about it at all. “Increased agricultural yields and modest warming far outweigh any harm.”

Even a doubling of  carbon dioxide would not cause much real warming, he says, perhaps 0.5 and 1.5 degrees of warming. The UN believes the figures are more like 1.5 degrees – 4.5 degrees C.

Trees, plants and various farm-products are currently handicapped by too little carbon dioxide, not too much. More CO2 will help the world not hurt it, he thinks.

E&E News reported on the meeting but said it wasn’t certain whether the prof was under consideration for a post with the administration. Various science and energy positions remain open.

More:

Happer is an eminent physicist who held prominent positions at the Department of Energy, as well as at his university, and has 200 scientific publications to his name.

But in 2009 testimony, he went even further in countering the scientific consensus on climate change, asserting that “the current warming also seems to be due mostly to natural causes, not to increasing levels of carbon dioxide.” Most scientists have been plain and very clear that carbon dioxide is indeed the cause of most of the current warming.

In 2011, Happer wrote a paper for First Things that characterized global warming as a “climate crusade.” He said it was based on distorted science and involved money hungry goverments and other manipulators.

Trump could certainly be considering him for a post given his recent interest in Robert Kennedy Jr. Kennedy has been an outspoken critic of vaccines, which he believes are laced with thimerosal, a chemical that may be causing autism in some who receive them.

Kennedy has reportedly been offered a role in the Trump Administration though the administration has denied it.

Bringing Kennedy onboard would cause a crisis among those who receive funds from the pharmaceutical industry. The industy reportedly lost some $20 billion when Trump criticized it during his recent press conference.

A huge amount of money is at stake based on what The Daily Bell considers to be false narratives, memes that are made up by elites to frighten people and make them pay in money and time for unnecessary alternatives.

Global warming is a false meme along with vaccines a number of other popular perspectives that people voice without doing any research, such as “overpopulation.”

If Trump does take on board numerous people with alternative points of view, it could make a big difference in the way such alternatives are viewed. It could also stem the steady march toward globalism that is occuring as part of a belief in such global warming, vaccines etc.

That’s because such beliefs are almost invariably accompanied by the notion that government should lead the way to remedies, the bigger the better.

Conclusion: Those who do not believe this tend to think government should stop trying to make such big changes. These people think that even if changes are taking place they ought to be left alone because government interference will not make things better, only worse.

The post Trump Meets With Professor Who Thinks Global Warming Is Positve appeared first on crude-oil.top.

Trump Meets With Professor Who Thinks Global Warming Is Positve

STAFF NEWS & ANALYSIS
Trump Meets With Professor Who Thinks Global Warming Is Positive
By Daily Bell Staff – January 14, 2017

Happer is not wrong that carbon dioxide appears to bolster plant growth — the greening up of the Arctic has, indeed, been observed. But that comes with many other consequences, including melting of glaciers and thawing of permafrost, which can emit still more carbon dioxide to the atmosphere. -Washington Post

Physicist William Happer believes there is global warming but unlike most, he believes it is good for us.

The Princeton physicst questions whether we should have any concerns about it at all. “Increased agricultural yields and modest warming far outweigh any harm.”

Even a doubling of  carbon dioxide would not cause much real warming, he says, perhaps 0.5 and 1.5 degrees of warming. The UN believes the figures are more like 1.5 degrees – 4.5 degrees C.

Trees, plants and various farm-products are currently handicapped by too little carbon dioxide, not too much. More CO2 will help the world not hurt it, he thinks.

E&E News reported on the meeting but said it wasn’t certain whether the prof was under consideration for a post with the administration. Various science and energy positions remain open.

More:

Happer is an eminent physicist who held prominent positions at the Department of Energy, as well as at his university, and has 200 scientific publications to his name.

But in 2009 testimony, he went even further in countering the scientific consensus on climate change, asserting that “the current warming also seems to be due mostly to natural causes, not to increasing levels of carbon dioxide.” Most scientists have been plain and very clear that carbon dioxide is indeed the cause of most of the current warming.

In 2011, Happer wrote a paper for First Things that characterized global warming as a “climate crusade.” He said it was based on distorted science and involved money hungry goverments and other manipulators.

Trump could certainly be considering him for a post given his recent interest in Robert Kennedy Jr. Kennedy has been an outspoken critic of vaccines, which he believes are laced with thimerosal, a chemical that may be causing autism in some who receive them.

Kennedy has reportedly been offered a role in the Trump Administration though the administration has denied it.

Bringing Kennedy onboard would cause a crisis among those who receive funds from the pharmaceutical industry. The industy reportedly lost some $20 billion when Trump criticized it during his recent press conference.

A huge amount of money is at stake based on what The Daily Bell considers to be false narratives, memes that are made up by elites to frighten people and make them pay in money and time for unnecessary alternatives.

Global warming is a false meme along with vaccines a number of other popular perspectives that people voice without doing any research, such as “overpopulation.”

If Trump does take on board numerous people with alternative points of view, it could make a big difference in the way such alternatives are viewed. It could also stem the steady march toward globalism that is occuring as part of a belief in such global warming, vaccines etc.

That’s because such beliefs are almost invariably accompanied by the notion that government should lead the way to remedies, the bigger the better.

Conclusion: Those who do not believe this tend to think government should stop trying to make such big changes. These people think that even if changes are taking place they ought to be left alone because government interference will not make things better, only worse.

The post Trump Meets With Professor Who Thinks Global Warming Is Positve appeared first on crude-oil.top.

Pittsburgh Carpet Salesman Speaks: “We ‘Deplorables’ Aren’t So Bad, Once You Get To Know Us”

Authored by Lou Weiss – a Pittsburg carpet salesman – via The Wall Street Journal,
If you’ve lost your bearings in Trump’s America, your conservative friend can help you find them.
Since the shocking presidential election result, many peopl…

The post Pittsburgh Carpet Salesman Speaks: “We ‘Deplorables’ Aren’t So Bad, Once You Get To Know Us” appeared first on crude-oil.top.

Pittsburgh Carpet Salesman Speaks: “We ‘Deplorables’ Aren’t So Bad, Once You Get To Know Us”

Authored by Lou Weiss – a Pittsburg carpet salesman – via The Wall Street Journal,
If you’ve lost your bearings in Trump’s America, your conservative friend can help you find them.
Since the shocking presidential election result, many peopl…

The post Pittsburgh Carpet Salesman Speaks: “We ‘Deplorables’ Aren’t So Bad, Once You Get To Know Us” appeared first on crude-oil.top.

Gambian crisis dominates Mali Summit

Author: 
AFP
Sun, 2017-01-15
ID: 
1484424407290921600
BAMAKO: Gambian President-elect Adama Barrow readied to meet world leaders on Saturday at a Summit jointly hosted by France in Mali as the international community strives for an end to The Gambia’s political crisis.
 
Barrow flew to Bamako unexpectedly after holding crisis talks in Banjul with Nigerian President Muhammadu Buhari, Liberian leader Ellen Johnson Sirleaf and Ghana’s John Mahama.
 
The delegation of West African heavyweights also met with Gambian President Yahya Jammeh, who is refusing to cede power after disputing the result of a Dec. 1 election that Barrow won.
 
In a sign of Barrow’s growing international clout, a French diplomatic source told AFP that President Francois Hollande “intends to meet” Barrow, while the former businessman was due to sit down with West African leaders to discuss his nation’s future.
 
The Economic Community Of West African States (ECOWAS), a 15-nation bloc, has repeatedly called on Jammeh to respect the result of the vote and step down after 22 years in power.
Jammeh has made it clear he will not stand aside until the country’s Supreme Court decides on his legal challenge seeking to annul the result of last month’s polls, which he had initially conceded.
 
The ruling is unlikely to happen before May.
There are just four days left of Jammeh’s five-year term, but he warned the international community on Tuesday that “undue external interference” was unnecessary.
 
Mohamed Ibn Chambas, head of the UN Office for West Africa and the Sahel, said on Friday that ECOWAS would ask the Security Council to approve the deployment of troops to The Gambia if Jammeh refuses to cede power.
Heads of state from at least 30 nations were in attendance at the Summit in Bamako to also discuss the fight against terror, governance challenges and Africa’s role in the European migrant crisis.
 
Many of the nations attending the gathering were once colonies of France, which in recent years has boosted its military involvement on the continent.
Also present are Zimbabwean President Robert Mugabe and Rwandan leader Paul Kagame, who have a particularly tense relationship with Paris.
 
It was Hollande’s last trip to Africa as president before stepping down, and Malian President Ibrahim Boubacar Keita described him as the “most loyal” of French presidents to the continent.
Hollande celebrated the fact that “terrorists no longer control any (Malian) territory, democracy has returned and elections have taken place,” but Mali remains one of the world’s most fragile states.
 
In a bid to help crush the terror threat, France has trained more than 20,000 African soldiers every year since 2013, according to a French diplomatic source.
By 2020, the number of French-trained troops is expected to reach 25,000 a year.
 
The training drive aims to minimize the need for direct military interventions in African conflicts, such as those launched in Mali and the Central African Republic in 2013.
However, the situation in key nations such as Mali remains far from stable, where France’s continued military presence is not universally welcome.
 
Overshadowing the Summit was an admission by the French Defense Ministry on Friday that French soldiers deployed to northern Mali had killed a child rebel during a counter-terror operation in November.
 
According to the French-language magazine Jeune Afrique, the victim was buried in secret by the soldiers.
 
Elsewhere, discussions were expected on the abuse of African constitutions. In recent years leaders like Kagame have altered their constitutions to remove term limits, to the dismay of democracy advocates on the continent.Another concern for the Summit is unrest in Democratic Republic of Congo, where President Joseph Kabila’s refusal to step down has sparked a political crisis.
 
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