"This massive deployment of armed forces in our own cities is a departure from history. It is a moral disarmament, before a military one. It is Europe's new Weimar moment.."
The FBI is notifying unsuspecting targets after the release of an ISIS hit list that includes thousands of New Yorkers. The names on the list were released last week. ISIS has urged urged followers of the militant group to target these 3,600 individuals and to facilitate that the hacker group has posted their personal information with the demand that "we want them #Dead."
One month after we learned that the Brussels suicide bombers had planted hidden cameras at the home of the top Belgian nuclear official, we now learn that in a disturbing continuation of this story, the entire population of Belgium will be receiving iodine tablets, which helps to limit the effects of radiation on the body, as fears increase around the security of its nuclear power plants.
We finally got confirmation of news from two days ago that a German nuclear power plant had been infected with malware after Reuters reports that the nuclear power plant was indeed infected with not one but several computer viruses. But don't worry, Reuters is quick to calm a concerned public, "they appear not to have posed a threat to the facility's operations because it is isolated from the Internet, the station's operator said on Tuesday." The Gundremmingen plant in question is located about 120 km (75 miles) northwest of Munich, is run by the German utility RWE.
- Trump, Clinton press closer to general election showdown (AP)
- Acela primaries: Winners, losers (Hill)
- Trump Says He's `Presumptive Nominee' as Clinton Wins Four (BBG)
- In the battle for Hollywood endorsements - and cash - Clinton rules (Reuters)
- U.S. Oil Rises Above $45 a Barrel for First Time Since November (BBG)
- Spin: Near-Zero Growth Happens Often in Slow-Motion U.S. Economy (BBG)
Ever since the inception of the European Economic Community, British politicians across the entire political spectrum have been perceptive enough to realize that Britain will lose its sovereignty and turn into a vassal of the France-Germany axis. Unfortunately, most voters in the British referendum glean their information from the sound bites of politicians on television. This circumstance leaves the public open to manipulation, uninformed, and ignorant of the facts.
The SPV Loophole: Draghi Just Unleashed "QE For The Entire World"... And May Have Bailed Out US ShaleSubmitted by Tyler Durden on 04/22/2016 17:38 -0400
"The ECB stands ready to buy bonds from Euro Area issuers even when their parent companies are outside of the bloc. Already we can find a number of US, UK and Swiss headquartered names that issue out of SPVs incorporated in the Euro Area. If this trend to SPV issuance catches on, then the ECB’s policies will likely be very reflationary for all credit markets across the globe, and because of a likely refinancing wave – equity markets too."
- After big New York wins, Trump and Clinton cast themselves as inevitable (Reuters)
- Eastern States Take Turn in Presidential Primary Spotlight (WSJ)
- China's Stocks Tumble Most in Seven Weeks to Break Trading Calm (BBG)
- Oil falls on end to Kuwaiti strike, supply outlook (Reuters)
- Oil price's decline weighs on global stock markets (Reuters)
A funny thing happened when US slapped a major tariff on China's steel exports... prices exploded higher. But the almost 50% surge in steel prices since mid-December back to 15-month highs have left traders equally split on what happens next. Will record production levels exaggerate a global glut amid tumbling exports and rising tariffs, or will China's trillion-dollar surge in credit fuel yet more so-called "iron rooster" projects driving domestic demand even higher. For now, it appears the former is more likely as US Trade reps suggested further protectionism looms.
In an effort to slow Syrian, Afghan, and Iraqi migrants traveling to Europe, many countries are now implementing border controls, a decision that could prove to have significant negative consequences for Europe's economy. As Bloomberg notes, the open border economy supports more than 400 million people, with 24 million business trips, and 57 million cross-border freight transfers happening every single year. Research by the Bertelsmann Foundation asserts that a permanent return to border controls could cost $530 billion of GDP growth from the European economy over the next decade.
Europe looks like a dying civilization. European political leaders know that every decision they make may provoke reactions among the Muslims living in Europe. Muslim votes matter. Riots occur easily. In France, Belgium, other European countries, Islamists are present in the army and police forces. In the meantime, Islamist organizations recruit and Islamic lobbies gain ground. European governments are now hostages. The European media are also hostages. Political movements expressing anger and concerns are rising. All are demonized by political power holders and the media. They have almost no chance of gaining more influence. Populations are gnawed by fear, frustration and impotence.
"Unless a miracle happens and the European and Japanese economic cadavers suddenly sit up and rub their eyes, central banks will eventually have to give up and admit defeat. The hope will be that not too much damage has been inflicted.... But that is central banking for you, in the era of leverage: take from the savers and give to the borrowers in the hope that they will "do something".Not so far, they’re not … they’re just punting it on real estate."
In late January, we asked "who will offer the first negative rate mortgage?" We didn't have to wait long before Denmark's Nordea Credit unleashed this idiocy. And now two banks in Belgium have followed suit, paying instead of charging interest on mortgages to a handful of customers. That all this will end in blood and a lot of tears is clear to anyone but the most tenured economists.
Ever since explosions ripped through the Brussels airport on the morning of March 22, local authorities had been on the hunt for the third bomber, the one also known as "the man in the hat." As of moments ago, he has been officially found. According to local authorities, Mohamed Abrini - who was arrested on Friday in the Anderlecht district of Brussels - has confessed to being the third attacker at the Brussels national airport, Belgium’s federal prosecutors said on Saturday in a news release.
How many Muslims will this ISIS virus be able to infect in the vast European "gray zone"? The answer will determine our future.