Sunday, March 29, 2015

SUNDAY 3/29/15; Palm Sunday

An Air Canada Airbus A320 airplane crashes on a Halifax, Nova Scotia, runway. There are about 50 injuries but no deaths. The Halifax Stanfield International Airport loses power for 80 minutes after the airplane hit electrical lines.

British Airways frequent-flier accounts are hacked by cyber criminals but the airline claims personal information was not accessed. Accounts are frozen and customers are provided instructions on how to reactivate the information. British Airways will not disclose how many accounts are affected.

Secretary of State Kerry remains in Lausanne, Switzerland, to close the Iran nuclear deal over the next couple days. The US is providing aid to the Arab coalition, led by Saudi Arabia, for the fight against the Iranian-backed Houthi rebels in Yemen. Iran is quiet about the US involvement in Yemen which indicates that Kerry and President Obama are likely giving away the store in the nuclear negotiations. This is verified by Israeli President Netanyahu commenting that the nuclear deal is far worse than expected with great leniency provided to Iran’s ongoing nuclear program. President Obama’s deal with Iran will likely cause a further deterioration in US-Israel relations while emboldening Iran.

Yemeni President Hadi that has fled the country

















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Today is Palm Sunday a Christian holy day with Easter occurring next Sunday.

The PBOC is warning against deflation developing in China which will only fuel the need for more stimulus from the central bank and continue the parabolic move higher in the SSEC Shanghai Index. The communists in China are goosing their economy and stock market with central banker easy money just like Western nations. The global central banker’s only serve the wealthy, that own stocks, making these market participants filthy rich while failing to convince companies to increase capital equipment purchases and job opportunities for common citizens. Companies are using the central banker easy money to pump stock prices higher with stock repurchase (buyback) programs. The middle class disappears and is replaced with a rich versus poor society.

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