Matt Lauer and Trump Have Heated Debate Over Campaign Manager Allegations

How is this a topic of discussion? The fucking media and their imaginary scandals.

I am pinning this post here for several hours, barring a Martian invasion at Grovers Mill. Please help this lad from the sewers of Brooklyn understand what is transpiring over at the Federal Reserve.

Just yesterday, the Chair of the Fed said we needed to ease up on the rate hike talk and behold the fuckery of global economies, for they were slowing. Markets surged on the news. We went from a potential April rate hike to none at all inside of a few hours.

Now, in a fuckery to end all fuckeries, the Chicago Fed President, Charlie Evans, said the economy was super strong. Smugly and with confidence, he boasted of a 2.5% GDP estimate–concocted out of his office. This, of course, is above median consensus. Because of this eventuality, coupled with the robust jobs market, inflation might edge up towards 2%, or more.

Flatly stated, he believes the Fed will hike “two or more” times in 2016, totally and completely ignoring what Fed Chair Yellen said yesterday–as if she were an apparition–invisible to the Chicago pizza eating eye.

No one gives a shit. Dow futures are higher by 106, as if Evans never said this. BUT I HAVE THE VIDEO.

What the fuck? In what will go down as the largest recall in automobile history, defective airbags that fuck people into windshields, the Japanese supplier, Takata, said they will incur an outrageous $24 billion write down–worst case scenario of course.

Shares plunged in Japan overnight.

They might need to recall a comical 287 million airbags. Good luck doing the paperwork for all of that.

“Even if this is the worst-case simulation, it shows the company has seen some possibility,” Ken Miyao, an analyst with Tokyo-based market researcher Carnorama, said by phone. “The question is how much the carmakers want to split the costs. But even if Takata only bears half of the cost, this would still be beyond their scope.”

This new estimate of loss exceeds the previous one put forward by Jefferies by $7 billion.

The indomitable Apple caught an upgrade this morning by the pencil pushers at Cowen, who cite OLED as a growth driver for 2017. Moreover, they suggest the company will unveil some ‘dreamy’ form factors.

This is pure bullshit, a ploy to get publicity for their 4th tier investment bank.

Via Briefing.com

Cowen upgrades AAPL to Outperform from Market Perform and raises their tgt to $135 from $125. Y/Y compares and forward estimates have bottomed, iPhone 7 will benefit if nothing else from the 6/6+ “echo” effect as these units enter the upgrade base, OLED in ’17 solves growth concerns + builds a bridge to new “dreamy” form factors, and valuation provides a solid backstop. Firm now believes co could adopt OLED in ’17 for all new flagship iPhone, not just high-end “niche” model. This potentially equates to ~80-100MM+ units w/some flexible rigid design likely, migrating to full flexible in ’18. Additionally, while they see CQ1 revenue biased toward the low-end of $50-53B rev guidance given ongoing 6S softness, it is hard to see rev below the low end with FX modeling also suggesting ~100-150bps better than assumed in AAPL guide.

Bill Gross is out with a love letter this morning, addressed to the central banks of the world who think negative interest rates are this cool and innovative new tool to help solve their problems. He warns that very soon capital gains will become ‘giant pandas’ and that GDPs need to start inching upwards, otherwise they’re all inexorably fucked.

“Capital gains and the expectations for future gains will become Giant Pandas – very rare and sort of inefficient at reproduction,” Gross said. “I’m saying that developed and emerging economies are flying at stall speed and they’ve got to bump up nominal GDP growth rates or else. Cross your fingers.”

Gross warned against investing in negative-yielding securities.

“The real market and the real economy await a different conclusion as losses from negative rates result in capital losses, not capital gains,” he said. “Investors cannot make money when money yields nothing. Unless… nominal GDP can be raised to levels that allow central banks to normalize short-term interest rates, then south instead of north is the logical direction for markets.”

Normalize rates or die, in plain terms.

It was a trap. As a matter of fact, it has always been a trap.

Markets are designed to trade higher with population growth. The more stuff we make and buy, the higher stock prices go.

Over in Europe, equity prices are rejoicing, as Islamic migrants rampage throughout their cities in search for treasure.

Here in the good old USA, futures are indicating a triple digit run to new highs.

In the land of Le Fly, just one man is king. Said royalty will be dealing with a rather arduous plumbing issue today. Very soon, I will be entreated to the dirties men alive rampaging through my home, punching holes in my sheetrock–behaving like regular Donkey Kongs.

It’s all for the greater good, so I’ll grit my teeth and bear the downside.

As for stocks, my SPY long will offset some of the losses I stand to endure in my XLE short. It’s worth noting, Exodus won again…inexorably.

Both the democratic and republican parties are crime families. There is no difference between the Italian mafia and the GOP, other than the fact that in most Italian crime families there is a code of honor amongst thieves.

News is buzzing all over the internet that D. Trump just announced he’d no longer support another GOP candidate for President.

Well, in light of the fact that it’s a mathematical impossibility for any of them to defeat him, pray tell, why should he?

This is absolute lunacy that all of the media outlets are running this as news, without stating the obvious. The GOP are actively and openly trying to deny the public of their choice for presidential candidate.

Trump should just win all of the primaries, then go to the convention and resign from the party, right there on the floor, throwing two middle fingers in the air and run as a third party candidate.

I am 100% fine with Hillary becoming President, as long as the GOP is completely and utterly destroyed in the process.

The media was foaming at the mouth today, on the pomp announcement that Trump’s campaign manager, Corey Lewandowski, was arrested for assaulting Michelle Fields.

Before you watch the video that was produced by Trump of the crime, read Michelle’s letter, penned on 3/10/16.

I never sought to be part of the story.

On Tuesday night, I went to cover Donald Trump’s press conference at the Trump National Golf Club in Jupiter, Florida. I was looking to cover the event like I have covered many live political events for Breitbart News, including an uneventful Trump press conference in Palm Beach the week before.

Addressing the gathered reporters and the nation at large, Trump was in an especially jovial mood Tuesday night. The networks just declared he had won the Mississippi Republican primary and, during his speech, that he won Michigan Republican primary as well.

I wasn’t called upon to ask a question during the televised press conference, but afterwards Trump wandered around, stopping at every reporter to take their questions. When he approached me, I asked him about his view on an aspect of affirmative action.

Trump acknowledged the question, but before he could answer I was jolted backwards. Someone had grabbed me tightly by the arm and yanked me down. I almost fell to the ground, but was able to maintain my balance. Nonetheless, I was shaken.

The Washington Post’s Ben Terris immediately remarked that it was Trump’s campaign manager, Corey Lewandowski, who aggressively tried to pull me to the ground. I quickly turned around and saw Lewandowski and Trump exiting the building together. No apology. No explanation for why he did this.

Even if Trump was done taking questions, Lewandowski would be out of line. Campaign managers aren’t supposed to try to forcefully throw reporters to the ground, no matter the circumstance. But what made this especially jarring is that there was no hint Trump was done taking questions. No one was pushing him to get away. He seemed to have been happily answering queries from my fellow reporters just a moment before.

Many people have been asking me on Twitter and in emails what exactly happened Tuesday night. I hope this article answers those questions and I can get back to reporting the news, not being a part of it.

Okay now here’s the footage of Corey trying to forcefully drag Michelle to the ground.

Trump had this to say about the horrid crime.

“I’m very glad that we were able to produce the tape because I don’t see anything. I see virtually nothing,” he told Hannity. “And we’re going to destroy a man’s life over this?”

“If I had not have produced the tape, it would have been much worse,” Trump told Hannity. “Because look at the statement she made, I had to write it down, ‘forcefully thrown reporters to the ground, campaign managers aren’t supposed to forcefully throw campaign managers to the ground’. What ground? I mean, if you look at her face, her expression doesn’t even change.”

“She grabbed me and she had something in her hand, I don’t know what it was,” Trump told Hannity. “It looked like it could have been a pen. But you know, from the standpoint of where we are, who knows what it is. So she grabs me and then he maybe brushed her aside, and we’re going to destroy his life for that? I don’t think so.”

The fuckheads over at the Cruz camp took a very typical position.

“Unfortunately, this abusive behavior seems to be part of the culture of the Trump campaign. Personal attacks, verbal attacks, and now physical attacks have no place in politics or anywhere else in our society,” campaign spokeswoman Alice Stewart said in a statement.

What sort of chicanery is this? Do these people think we do not have eyes in our heads to see this is bogus? It’s one thing to dislike Trump and want to beat him. It’s entirely another thing to try to ruin some guy’s life because he’s a means to an end.

These politicians are going to burn in hell.

Considering we’re the marginal buyer of all of their crap, I’d say this is more of a rebuke of our goldilocks story than theirs.

Output slumped 6.2 percent after rising 3.7 percent in January, the trade ministry said on Wednesday. Economists surveyed by Bloomberg had forecast a 5.9 percent drop.

“Exports remained weak amid a slowdown in demand in China and other emerging Asian nations,” Yasuhiro Takahashi, an economist at Nomura Securities in Tokyo, said before the data. Even taking out the impact of Toyota, overall production was weak, and the economy is at risk of contracting again this quarter, he said.

Japanese GDP is forecasted to come in at 0.6%. Should it post a negative number, it would represent a recession for the Japanese economy, the second since Abe took power in 2012.

So much for Abenomics.

Does anyone see how stupid this line of work is, or is it just me? Just the other day, consensus opinion was building around an April Fed rate hike and most assuredly one in June. Now, post Yellen speech part two, all previously scheduled rate hikes have been henceforth canceled and your local magistrate will enact the ancient law of prima nocta, declaring ‘first rights’ to your bride on her wedding night.

Fuck this shit.

NOTE: If anyone wants to give blogging a shot, email me [email protected]. Be sure to let me know your Twitter handle.