United States

Submitted by Nick Bernabe via TheAntiMedia.org,

The Mexican drug cartels are finally meeting their match as a wave of cannabis legalization efforts drastically reshapes the drug trafficking landscape in the United States. It turns out that as states legalize cannabis use and cultivation, the volume of weed brought across the border by Mexican drug cartels dramatically decreases — and is putting a dent in their cash flow.

JPM's head quant Marko Kolanovic is best known for timing the market's inflection points and quantifying - in plain English - the marginal buying and selling technicals at any given moment. In his latest overnight note he does not disappoint, explaining in simple terms "what the fate of the market rally is." We will give readers his answer... tomorrow.

"There are no signs of a US recession anytime soon"... apart from these nine charts that is..

Source: @DonDraperClone

Of course, even The Fed is forced to admit that recession probabilities are rising fast...  

The latest reading from last November is higher than all but 3 months (in the last 50 years) when a recession did not immediately proceed.

Former ambassador to the U.N. John Bolton administered a heavy dose of alarmism to CPAC during his speech on Thursday morning.

Now a senior fellow at the American Enterprise Institute, Bolton primarily used the platform to bash Hillary Clinton, even though there were presumably no Clinton supporters in the audience to be persuaded. He framed his argument by systematically critiquing her foreign policy, but the statements he made on the South China Sea bordered on fear mongering.

Insanity... Just Obey!

h/t The Burning Platform

Know your place..

h/t The Burning Platform

As Doug Casey summarized so eloquently, the political system in the United States has, like all systems which grow old and large, become moribund and corrupt.