THURSDAY 3/12/15; BOK Surprise Rate Cut; Euro Prints 1.04 Handle; US Dollar Index Prints 100; DG; Bank Stress Tests Aftermath; Retail Sales; Import and Export Prices; Business Inventories; US Stocks Rally; ARO; ULTA; ZUMZ

The BOK (Bank of Korea) unexpectedly cuts rates to an all-time low at 1.75% continuing the global race to debase. The BOK is the 22nd country cutting rates this year as central banks slit each other’s throats to gain an advantage reminiscent of the activity in the 1930’s during the Great Depression. Domestic demand is dropping in Korea and the central bank is trying to get out in front to stimulate the economy. The Dollar/South Korean Won is 1126.41. The KOSPI begins trading higher led by 














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The Hillary Clinton email scandal deepens and the prospective presidential candidate may face criminal charges for her shady behavior. Parts of her story concerning her secret server may be unraveling. In Iran, Supreme Leader Ali Khamenei, who is no position to comment on ethics and morality, calls the US deceitful concerning the proposed nuclear deal. Khamenei says the United States is playing games and up to “tricks.”

In Ferguson (St Louis), Missouri, tensions are high as nightfall nears and police worry that protests may become ugly this evening. The two police officers shot last evening during the ongoing race riots are expected to recovery but their injuries are serious. The manhunt for the shooters continues. DOJ Attorney General Eric Holder denounces the violence in Ferguson but his and the president’s negative words fueled the violence last evening. President Obama receives criticism for commenting on the police shootings with a tweet (rather than providing verbal support for police) and then jets off to Hollywood to appear on the Jimmy Kimmel comedy show and attend fund raising parties.