Since The Fed hiked rates in December, the market's inflation expectations have collapsed in yet another clear indication of "policy error." 5Y5Y Forward inflation swaps have crashed below 2.00% for only the 3rd time in history (Lehman 2008 and September's Fed Fold were the other two) as despite central banker promises of transitory low-flation, the money is being bet against them as the regime-shift from full-faith to no-faith in Fed support continues.

But a rate-hike was supposed to stimulate inflation?

Relations between Poland the EU are deteriorating rapidly on the heels of President Andrzej Duda’s move to approve new laws that allow the conservative (and eurosceptic) Law and Justice (PiS) government to name the chiefs of public TV and radio, and select judges for Poland's constitutional court.

Nikki Haley competently delivered her response to Obama’s State of the Union address, and made it as clear as possible that she lines up with the anti-Trump side of the party. Noah Millman sums this up in his latest post:

BuzzFeed News have revealed video footage of Alabama police shooting an unarmed passenger during a traffic stop in 2013. The video which had not been previously released to the public shows two police officers from Alabama fatally shooting unarmed black man, Cameron Massey, while he was a passenger in a car during a traffic stop in October 2013. The attorney representing the family of the slain man, refutes police’s claims of self defense in the face of imminent danger.

Submitted by James Stafford via OilPrice.com,

The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries.