Tennessee

Republican presidential front-runner Donald Trump is having a hard time against the establishment. After snookering himself over the last couple of weeks by giving interviews to the establishment media and being led down the garden path in tricky question and answer sessions, the Donald is now fighting back to secure the delegates he won in Tennessee. Trump has tweeted for his followers to rise up against the Tennessee Republican Party on Saturday raising concerns over security, according to Politico. “We won the votes. They are trying to steal them. I can’t believe I am writing this.

Building on the worst two week-period of his campaign, Donald Trump took to Twitter overnight to implore his Tennessean supporters to rise up, raging that the state’s Republican Party was "trying to steal" his delegates and urging them to crash a party meeting on Saturday morning to stop them - "We won the votes. They are trying to steal them. I can’t believe I am writing this.

Excerpted from Doug Noland's Credit Bubble Bulletin,

Credit is not innately good or bad. Simplistically, productive Credit is constructive, while non-productive Credit is inevitably problematic. This crucial distinction tends to be masked throughout the boom period. Worse yet, a prolonged boom in “productive” Credit – surely fueled by some type of underlying monetary disorder - can prove particularly hazardous (to finance and the real economy).

Excerpted from Doug Noland's Credit Bubble Bulletin,

The year 2015 was extraordinary. Incredibly, despite powerful confirmation of the bursting global Bubble thesis, market optimism remained deeply entrenched. All leading strategists surveyed in December by Barron’s remained bullish – some were borderline crazy optimistic.

Excerpted from Doug Noland's Credit Bubble Bulletin,