Iran

Only the most intellectually dishonest can claim that last night's Chinese economic data deluge was anything but miserable. As we showed last night, everything missed:

• Industrial Production +5.9% (MISS vs +6.0% YoY expectations)
• Retail Sales +11.1% (MISS vs +11.3% YoY expectations)
• Fixed Asset Investment +10.0% (MISS vs +10.2% YoY expectations),
• Q4 GDP growth +6.8% (MISS vs +6.9% YoY expectations).

Even as the real full year GDP of 6.9% was in line, it was still the lowest since 1990...

Populist cries for trade protectionism are again ringing out, as politicians seek to blame China for bad US monetary and economic policy. But destroying trade will not only make us poorer, it is usually the harbinger of war.

Is the Ayatollah Ali Khamenei, the Supreme leader of the Islamic Republic, a RINO—a revolutionary in name only?

So they must be muttering around the barracks of the Iranian Republican Guard Corps today.

For while American hawks are saying we gave away the store to Tehran, consider what ayatollah agreed to.

Last week, he gave his blessing to the return of 10 U.S. sailors who intruded into Iranian waters within hours of capture. He turned loose four Americans convicted of spying. And he gave final approval to a nuclear deal that is a national humiliation.

The United States Senate Select Committee to Study Governmental Operations with Respect to Intelligence Activities found in 1975 that the CIA submitted stories to the American press:

Wikipedia adds details:

Iran has denounced new sanctions imposed by the US over its ballistic missile programme calling them illegal and hypocritical.