Dow futures are down 100 points and Chinese stocks are pressing new 14-month lows, extending last night's carnage after Chinese Industrial Profits tumbled. With a dismal 4.7% drop year-over-year, led by a near 60% collapse in the mining industry, early strength (after some jawboning from Abe) gave way to fresh lows and US equity futures are also responding. Offshore Yuan refuses to drop since Xinhua wrote a 3rd hit piece against George Soros and his "speculative snap profits."

This year is just getting uglier...

As the deaf, dumb, and blind kids of the world's elite gathered in Davos to mutually masturbate over their own success, and generously drop some breadcrumbs of hope for the rest of the world, The World Economic Forum unleashed the followingg 36 quotes to sum it all up...

Session: The Global Economic Outlook

Session: The Future of Growth: Technology-Driven, Human-Centred

Session: The Transformation of Tomorrow

Session: The Canadian Opportunity

Session: A New Climate For Doing Business

The U.S. Senate is looking likely to approve plans to give President Obama unlimited war powers that amount to declaring martial law upon the entire world.  Majority leader Mitch McConnell’s war resolution allows for the use of military force (UAMF) for declaring war against ISIS, granting Obama more powers than Bush did after the 9/11 attacks, effectively making America a police state. Activistpost.com reports: The AUMF put forward by McConnell would not restrict the president’s use of ground troops, nor have any limits related to time or geography.

Brazil have deployed over 200,000 military troops to go ‘house to house’ in order to attempt to bring the Zika virus outbreak under control.  Zika-carrying mosquitoes have been blamed for causing a birth defect epidemic, rapidly spreading across the world. Soldiers will visit homes across Brazil offering advice and medical assistance to people suffering from the virus. Dailymail.co.uk reports: The government, under growing pressure to deal with the crisis, will also hand out repellent to at least 400,000 pregnant women on social welfare.