European Union

Erdogan Gives Germany A Public Slap Across The Face

"I’m going to get the whole world stirred up! Germany, you’re nothing like a democracy, and you should know that what you’re doing now is no different from the Nazi practices of the past."

China As A Superpower: "They Will Not Be Humiliated Again"

"if China seeks to be a great power in a multipolar world... then China needs to seek a significantly reduced role of the United States in the region. If you accept these propositions, then China clearly needs the capability to counterbalance America’s military dominance in Asia today. After the 1995-1996 Taiwan Strait crises, they concluded that they needed certain capabilities to ensure that they are not humiliated again."

Are We Witnessing The Weirdest Moment In Economic History?

"If you thought 2016 was weird, I suggest you get comfortable with the surreal because it is not going away anytime soon. 2017 is a veritable treasure trove of falling elevators... it seems to me that many of these events, stacked so closely together in the next few weeks, are not coincidental in their timing."

Frontrunning: March 8

  • GOP Disagrees on How—and Whether—to Pay for Tax Cuts (WSJ)
  • 'It's like kumbaya:' Trump's genial private meetings with CEOs jar with public attacks (Reuters)
  • New Health Plan Sparks Debate Over Obamacare Comparisons (WSJ)
  • China Grants Preliminary Approval to 38 New Trump Trademarks (BBG)
  • Questions About Loyalty to Trump Stall Treasury Picks (BBG)
  • Women in U.S. plan to stay off the job, rally in anti-Trump protests (Reuters)

Stocks Mixed As Treasuries Suffer Longest Losing Streak Since 2012, Dollar Pops Ahead Of ADP

Asian markets dropped following disappointing China trade and Japan GDP data, while European stocks rebounded for the first time in five sessions led by miners and banks. US futures were little changed with a strong dollar pressuring oil below $53; sterling slid for the eighth day out of nine before the chancellor of the exchequer delivers his spring budget. Treasuries are headed for their longest losing streak since 2012 ahead of a 10Y U.S. debt auction, and today's ADP private payrolls report.

11 Arrested In Sweden As Migrants Riot, Hurl Rocks At Police

"What lies behind the incident is a brawl between different immigrant groups that have emerged here in Hallsberg. They came [to Hallsberg] relatively recently. Normally, nothing happens in Hallsberg, it is a very quiet community. We are not accustomed to this kind of problem, this is all new to us."

Trump Won't Be Happy: US Records Biggest Trade Deficit In 5 Years

In a report that will be closely scrutinized by the trade-sensitive Trump administration, today the Department of Commerce announced that the January trade deficit surged in January 2017, jumping from $44.3 billion in December (revised) to $48.5 billion in January, as imports increased more than exports.This was the biggest trade deficit going back to early 2012.

Futures Decline, Europe Slumps After German Industrial Orders Collapse

After a turbulent overnight session on Monday morning, this morning traders settle at their desks to find a relatively calmer environment, with US equity futures down 0.2% to 2,371.75, while European stocks fell for a third consecutive day, and Asian markets which closed mixed (China up, Nikkei down, MXAP up 0.2%).

Ukraine Has Lost Billions On The Trade Agreement With The EU In Year One

The Deep and Comprehensive Free Trade Agreement (DCFTA) between Ukraine and the European Union, which came into force on 1 January 2016, was aimed at helping the East European economy to recover; however, the results after the first year fell far short of Ukraine’s expectations.

Brexit Reality: "Paying Any Exit Fee Is Absurd"

The primary problem in these negotiations is the EU nannycrat fools believe they can force the UK to pay ridiculous exit charges on top of other demands. The ideal approach for the UK is to simply walk away. What can the EU possibly do that does not hurt the EU even more than it does the UK?