Creditors

Global Stocks Rise; Euro Surges To 6 Week High After French Presidential Debate

European stocks are modestly in the green as gains in banks and oil companies offset declines in miners. Asian stocks and S&P futures rise with Emerging-market stocks extending their longest winning streak since August on the back of the 5th consecutive daily drop in the USD. The euro rose to the strongest in six weeks after a French presidential debate eased market concerns about a possible Le Pen win.

Paul Craig Roberts Warns "Revolutions Are Bloody, But So Is Doing Nothing"

"...the 'left' has accepted the neoconservative line that those who advocate peace with Russia, other than on US imposed terms, are traitors to America, including the President of the United States... We have reached the point that no dissent from hating Russia is possible. This leaves war as the only option."

Greeks Tried To Blow Up The IMF Too

A Greek return address was on the envelope which exploded in Paris, Greece's public order minister said in Athens. "French authorities just informed us that it was mailed from Greece," Nikos Toskas told Ant1 Television.

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.

Paul Brodsky: "Stagflation On The Horizon"

Logic and current trends suggest that declining output growth accompanied by higher prices will begin hitting economies and facing policy makers in the coming years. Markets should begin sniffing out this stagflationary macroeconomic setup this year.

"2017 Will Be A Tipping Point" - Why Some Think This Is The Next "Big Short"

"These malls are dying, and we see very limited prospect of a turnaround in performance" according to a January report from Alder Hill, which began shorting the securities. "We expect 2017 to be a tipping point." Indeed, cracks have appeared: prices on the BBB- pool of CMBS have tumbled from 96 cents on the dollar in late January to 87 cents last week

The US Government Now Has Less Cash Than Google

"Our modern 'experts' tell us that the US government will always pay and that a debt default is impossible. Well, we’re living in a world where the 'impossible' keeps happening."