FRIDAY 3/27/15; Yemen in Chaos; BBRY; GDP (Gross Domestic Product); Consumer Sentiment; Fed Chair Yellen Speaks

Japan CPI (Consumer Price Inflation) and Retail Sales data disappoint. Japanese inflation is at zero after years of obscene Keynesian spending. The BOJ continues printing money to exit two decades of deflation with no success. Household spending remains lackluster but a touch less worse than expected. The NIKK begins lower but recovers to the flat line in early trading. Aussie stocks recover from yesterday’s selloff gaining +0.8% printing above 5900. Gold and energy stocks provide a boost. The KOSPI hugs the flat line out of the starting gate.

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Former Ambassador to Iraq James Jeffrey, that served under President Obama, describes the Middle East in chaos and deteriorating daily saying, “We (United States) are in god*mn freefall.” The Saudi’s think the US is supporting Iran due to the ongoing nuclear agreement talks and do not trust President Obama. The Whitehouse refuses to back down from the statement that Yemen is an example of their foreign policy success even after President Hadi has fled the country and there is no government in place. The president relies on the lap-dog media to simply turn the other way and ignore the extremely dangerous developments in the Middle East.

Venture capital firm Kleiner Perkins successfully defends against a gender discrimination lawsuit filed by former employee Ellen Pao. Mosquito’s test positive for the West Nile virus in California and residents are encouraged to remove all standing water on property and take other precautions.