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6 hours ago (via zerohedge.com)
In a surprise move, the RBI just cut its main interest rates for the second time in two months, taking it from 6.75% to 6.50%, in what the central bank calls a “pre-emptive” policy move, but what is in reality merely a confirmation that so far in 2015 at least 20 central banks have lowered their interest rate. From the statement: The RBI notes that the rupee has remained strong relat

6 hours ago (via zerohedge.com)
Submitted by Mike Krieger via Liberty Blitzkrieg blog,At the Environmental Protection Agency (EPA), red tape is preventing the removal of a top level employee accused of viewing porn two to six hours a day while at work, since 2010. Even though investigators found 7,000 pornographic files on his computer and even caught him watching porn, he remains on the payroll.  Five years ago, the Genera

6 hours ago (via zerohedge.com)
By far the most important geopolitical event of the day, as straight-to-C Span-poluist-pandering as it may have been, was Israel Prime Minister's address to congress, in which for nearly one hour the Israeli leader bashed Iran, stopping just shy of fabricating even more evidence about how close Iran is to developing a nuclear weapon. Yet one person missed everything including the standing ovation

6 hours ago (via zerohedge.com)
Coming off of the best year for ABS issuance in the U.S. since 2008 and just in time for both total auto loans and total student debt outstanding to top the $1 trillion mark, we get a match made in FICO hell as the subprime lending unit of AIG (the poster child for misjudging credit risk via CDS) Springleaf has purchased OneMain, another subprime lender that’s been relegated to Citi’s Citi Hol

6 hours ago (via zerohedge.com)
Submitted by Jeffrey Snider via Alhambra Investment Partners,The Great Recession was seven years ago so it might seem appropriate that our memories of the specific nature and order of events is lost to time. However, given that it will be a seminal event in history (hopefully not surpassed) there is less leeway to having such a short grasp on the important pieces. Part of that relates to trauma, f

6 hours ago (via zerohedge.com)
After three hopeful months of greater-than-50 prints for Japanese Services PMI, February saw it plunge back into contraction with a considerably worse than expected 48.5 print. This drags the overall composite PMI for Japan to 50.0, its weakest reading in 4 months as New Orders drop to May 2014 lows and employment craters to its lowest since Oct 2012. On the heels of last night's weak JGB auction

6 hours ago (via zerohedge.com)
  WP--The artist behind the official portrait of president Bill Clinton has revealed to the Philadelphia Daily News that he included a hidden reference to the Monica Lewinsky scandal — a shadow behind the president of a mannequin wearing a blue dress.  . .

6 hours ago (via zerohedge.com)
Amid a booming housing market (home prices +14.4% YoY), and busting economy (PMI 44.2 from 55.1 2014 peak), Australia's Gold output in 2014 surged 4% to its highest since 2003. As Mining.com reports, the world's no.2 gold-producing nation (after China) has been forced to increase the grade of ore they were targeting and push their processing plants even harder, and mining consultants Surbi

6 hours ago (via zerohedge.com)
Tens of thousands marched Sunday through Central Moscow to honor Boris Nemtsov, outspoken opposition critic of Vladimir Putin who was murdered Friday night and thousands more mourned today at his funeral (though notably not Putin himself) and more pointedly, The BBC reports,several EU politicians and Russian opposition leader Alexei Navalny were barred from attending the funeral. Hours later, Mr N

13 hours ago (via zerohedge.com)
The last three times that API inventories reported (each notably greater than expected), crude prices tumbled (only to ramp hilariously the next day following DOE inventory data). Against Bloomberg estimates of a 3.95 million barrel build, API printed only a 2.89 million barrel build; and WTI crude prices surged to the day's highs. Crude jumped to the highs of the day...Breaking the pattern..

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