European Union

Official Washington's "Info-Wars"

If the American mainstream media were officially state-controlled, would they look or sound significantly different when it comes to U.S. foreign policy?

The Propaganda About Russian Propaganda

Bogus news stories did flood social media throughout the campaign, and the hack of the Clinton campaign chair John Podesta’s e-mail seems likely to have been the work of Russian intelligence services. But, as harmful as these phenomena might be, the prospect of legitimate dissenting voices being labelled fake news or Russian propaganda by mysterious groups of ex-government employees, with the help of a national newspaper, is even scarier.

Everything You Need To Know About The Italian Referendum (& Should Be Afraid To Ask)

While the post-Trump euphoria in US stocks has been the perfect distraction from the ugly realities elsewhere, this weekend's Italian Referendum could well be the biggest 'revolt' yet, topping Brexit and Trump. Should Italy vote "no", as polls forecast, PM Renzi may quit, leaving the Italian bank recapitalization would then be in jeopardy and, as Bloomberg's Mark Cranfield warns "we could be looking at a Greece-like market reaction on steroids."

Frontrunning: December 2

  • Futures fall ahead of jobs report (Reuters)
  • Obama to Block Second Chinese Deal on Security Concerns (BBG)
  • Trump Exults in Victory and Mocks Critics at Ohio Rally (BBG)
  • China's Central Bank Is Facing a Major New Headache (BBG)
  • Trump considering Goldman Sachs COO Cohn for energy secretary (Reuters)

The Battle For Aleppo Is Over, Now The Real War Has Begun

Aleppo is the key to the Syrian ‘civil war.’ Now that pro-Assad forces have won the day it touches off a number of responses around the region.  This further breaks down the position of U.S/NATO-backed forces trying to oust Syrian President Bashar al-Assad from power, regardless of what Turkish President Recep Tayyip Erdogan has to say about it.  All of this means that the likelihood of some ugly false flag incident rises by the hour.

How December 4th Could Trigger The "Most Violent Economic Shock In History"

Italians are angrier now than they’ve been since they hung Il Duce up by his heels in 1945. Italy has had no productive growth since 1999. Real GDP per person is smaller than it was at the turn of the century. That’s almost two decades of economic stagnation. By any measure, the Italian economy is in a deep depression. And things will probably get much worse. It’s no surprise Italians are in a revolutionary mood...

Putin Warns Upsetting Global Strategic Balance "Could Lead To Global Catastrophe", Wants To Be Friends With Trump

“We hope to unite our forces with the United States in the fight against the real threat, not the fictional one – international terrorism,” he said. The president also emphasized the need “to strengthen non-proliferation regimes,” noting that “attempts to upset the strategic balance are extremely dangerous and could lead to a global catastrophe.”

Frontrunning: December 1

  • Oil hits six-week high after OPEC deal, sterling jumps (Reuters), Oil Holds Gains After OPEC Deal (WSJ), Hangover Awaits as OPEC Celebrates (BBG)
  • Opec agreement: the winners and the losers (FT)
  • Russia’s Pledge to OPEC Will Mean ‘Herding Cats’ to Deliver Cuts (BBG)
  • Mnuchin Made Millions From Financial Crisis (WSJ); Trump reverses stance by turning to Goldman alumni for key roles (FT)
  • Treasury Pick Says ‘No Absolute Tax Cut’ for Wealthy (WSJ)

Multiple Simultaneous Threats: Nexit Next?

The nannycrats in Brussels face yet another attack on the anti-immigration front: Geert Wilders’ Far-Right party is topping the polls in the Netherlands.

Frontrunning: November 30

  • Oil soars on OPEC hopes, dollar renews its surge (Reuters)
  • Oil Rallies on OPEC Optimism, Spurring Gains in Energy Producers (BBG)
  • Saudis say to take 'big hit' on oil output for OPEC deal, Iran can freeze (Reuters)
  • Leaner and meaner: U.S. shale greater threat to OPEC after oil price war (Reuters)
  • an the U.S. Become an Energy Superpower in 2017? (BBG)
  • RBS Fails Toughest-Ever BOE Stress Test, Boosts Capital Plan (RBS)

NATO's Rear-Guard Actions

In the military a rearguard action is defined as ‘a defensive action carried out by a retreating army’ and it is an appropriate description of the desperate scrabbling by NATO to convince the rest of the world — and especially Donald Trump — that its existence is justified.

A Narrative For Every Season: Stocks, Before And After Trump

Following Donald Trump’s surprise victory and the violent market reactions, many investors are left scratching their heads. The consensus narrative warned that a Trump victory would spell doom for the markets. Days later, the narrative flipped and Trump’s economic policies, all of which were known prior to the election, are deemed beneficial for share prices.

Frontrunning: November 29

  • Monte dei Paschi’s Future Hangs on Sunday Vote (WSJ)
  • Trump Son-in-Law Jared Kushner Could Face Conflict-of-Interest Questions (WSJ)
  • In OPEC’s High-Stakes Poker Game, Iran and Iraq Call Saudi Bluff (BBG)
  • Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting (Reuters)
  • High-Profile Private Investors Take Hit on Theranos (WSJ)