Bill Blain On This Morning's European Euphoria

This morning the European markets are Risk-ON in frothy celebration because Right-Wing demagogue Gert Wilders “apparently” lost the election and won’t dominate the coalition process.

  • Mar 16, 2017 5:47 AM
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Puerto Rico Bonds Are Plunging Again

Puerto Rico bonds are in the midst of the biggest three-day rout since April 2016, when island officials advanced a moratorium bill that paved the way for the first default on its general-obligation debt.
  • Mar 16, 2017 5:45 AM
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Europe Mulls Acquiring Its Own Nuclear Deterrent

With Donald Trump leading the United States, Europe seems to be losing trust in the American nuclear umbrella. As the EU focuses on the need to have its own military, the issue of European nuclear deterrent comes to the fore. The debate has been triggered. This issue is intensively discussed in Germany.
  • Mar 16, 2017 5:00 AM
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Bank Of Japan Leaves Policy, Economic Outlook Unchanged

Confirming the expectations of all 41 economists, The Bank of Japan changed absolutely nothing about its monetary policy tonight following The Fed's 3rd rate hike in 11 years. The BOJ said in a statement that it would keep the two key rates at current levels, maintain the pace of its asset purchases, and did not change its economic outlook.
  • Mar 15, 2017 11:11 PM
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Comet Pizza Gunman To Plead Guilty In Plea Deal With U.S. Attorney

Edgar Welch, the man who stormed the Comet Ping Pong pizza restaurant back in December with a .38-caliber Colt revolver and an AR-15 in search of an alleged pedophilia ring, thought by a group of online conspiracy theorists to be tied to various members of Hillary's inner circle, has agreed to enter into a plea bargain deal with the U.S. Attorney's office.
  • Mar 15, 2017 10:25 PM
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China Unexpectedly Tightens Monetary Policy

Following The Fed's 3rd rate hike in 11 years, the PBOC decided, unexpectedly, to follow in the Fed's footsteps, and tighten conditions by raising the interest rates on its open-market operations, the 7-, 14-, and 28-day reverse-repos, by 10bps each, to 2.45%, 2.6% and 2.75% respectively.
  • Mar 15, 2017 10:08 PM
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Preet Bharara Explains Why He Let Wall Street Bank Executives Avoid Prison

"Recently dismissed U.S. Attorney for the Southern District of New York, Preet Bharara, is suddenly being celebrated as an aggressive warrior in the fight against Wall Street corruption. Really? You could’ve fooled me. Perhaps I was in a coma when a string of big bank executives were arrested and sent to prison."
  • Mar 15, 2017 10:05 PM
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Centralization's Slide Into Oblivion

As its defenders tax the system to protect what no longer works (except for them, of course), the slide to oblivion accelerates as the system breaks down under the collective weight of all the skims, scams and rackets benefiting the few at the expense of the many.

  • Mar 15, 2017 9:05 PM
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