"Couldn't Hit An Elephant" - Over-Confident NATO Generals & Russian Retaliation

Recently, US Lieutenant General Ben Hodges ordered over 60 US tanks to fire their guns in Poland. The general has reason to be confident. It can be said with relative certainty that, if the US sends scores of tanks halfway around the world to a country that borders Russia, then begins firing the guns, the Russians will indeed interpret that as a warning that their sovereignty is no longer respected by the US.

Iron Ore Tumbles As China Steel-Producing Hub Found Lying About Production Cuts

China's top steel producing province Hebei was ordered by China's central government to investigate firms in Tangshan that have "restricted but not cut production, restricted production but not actually cut emissions, and cut capacity but actually increased output," according to a provincial notice dated March 25.

Questions Grow Over Nunes' Mystery White House "Source" Visit

The mystery surrounding President Trump's claim that he was wiretapped by Barack Obama during the 2016 election campaign deepened on Monday with the disclosure that the controversial House Intel Chair, Devin Nunes, reviewed classified information about the charge while on White House grounds.

Elon Musk Launches Company To Hook Up People To Computers

In case revolutionizing the transportation and energy industries while colonizing Mars wasn't enough of a challenge for Elon Musk, in his latest venture the billionaire entrepreneur now "wants to merge computers with human brains to help people keep up with machines."

Shiller's CAPE – Is There A Better Measure?

Currently, valuation measures are clearly warning the future market returns are going to be substantially lower than they have been over the past eight years. Therefore, if you are expecting the markets to crank out 10% annualized returns over the next 10 years for you to meet your retirement goals, it is likely that you are going to be very disappointed.

Italian Officials Call For Investigation Of Soros-Supported NGO Migrant Fleet

Italian authorities are calling for monitoring of the funding of an NGO fleet bussing migrants into the EU from the North African coast after a report released the European Border and Coast Guard Agency has determined that the members of the fleet are acting as accomplices to people smugglers and directly contributing to the risk of death migrants face when attempting to enter the EU.

Paul Ryan "Begged On One Knee" For Obamacare Repeal Vote

In September 2008, Treasury Secretary Hank Paulson reportedly begged House speaker Nancy Pelosi on one knee to support his bailout plan - it worked. Nine years later, faced with a crisis of his own, Speaker Ryan reportedly got down on one knee to plead with Rep. Don Young of Alaska – the longest-serving Republican in Congress - to support the bill.  (He was unsuccessful.)

The Curse Of 'The Thinking Class'

The main question from those to the left-of-center seems to be: who is responsible for all the unrest in this land. Their answer since halfway back in 2016: the Russians.

Solid 2-Year Auction: Highest Indirects Since February 2016

After last month's stellar 2 Year auction, today's issuance of $26 billion in 2 year paper was a bit of a let down, printing at a yield of 1.261%, or a 0.1 bp tail to the 1.260% When Issued. However, the internals were decidedly better with the highest Indirect bid going back to February 2016.