European Union

Frontrunning: March 17

  • Oil Set for First Weekly Gain This Month (BBG)
  • Trump’s Budget Likely to See Major Rewrite in Congress (WSJ)
  • Trump, Germany's Merkel to hold first face-to-face meeting at White House (Reuters)
  • Tillerson Doesn’t Rule Out Preemptive Strike on North Korea (BBG)
  • Trump May Not Want Immigrants, but Rust Belt Mayors Do (BBG)

Will Chrystia Freeland Finally Ruin Canadian-Russian Relations?

What should Canada’s surviving veterans think about the Liberal government sending Canadian advisors to train Kiev’s armed hooligans? "Against Russian aggression," Freeland would no doubt retort. But even MSM journalists in Canada, not as venal as their American counterparts, have derided such talk as "delusional." The question is will the majority of Canadians fall for Freeland’s dangerous Russophobia?

Greece: A Democracy In Crisis

"The Greek people have just about reached the limits of their strength...Bishop Ambrossios is urging people to revolt.. and rebellious citizens, will declare themselves against the entire political system, and take their fight not to the parliament but to the streets."

Frontrunning: March 16

  • Fed's 'dovish hike' sends shares to record highs, dollar dips (Reuters); Markets Rally After Fed Rate Increase Decision (BBG)
  • Yellen Calms Fears Fed’s Policy Trigger Finger Is Getting Itchy (BBG)
  • Europe Gets Reprieve in Dutch Election, But the Center Fragments (BBG); Relief in EU capitals as Dutch PM sees off far-right's Wilders (Reuters)
  • Trump's first budget: military wins; environment, aid lose (Reuters)
  • Trump Says He Based Charge of Obama Wiretapping on Media Reports (BBG)

"Relief For Europe": Wall Street Analysts React To The Dutch Election

“It’s a big relief for markets, and this will prompt U.S. and U.K. investors to review their forecasts about the French presidential election. It’s positive for European assets, but without euphoria. It’s ‘back to business’ and we can focus on fundamentals and central banks again.”

Europe Mulls Acquiring Its Own Nuclear Deterrent

With Donald Trump leading the United States, Europe seems to be losing trust in the American nuclear umbrella. As the EU focuses on the need to have its own military, the issue of European nuclear deterrent comes to the fore. The debate has been triggered. This issue is intensively discussed in Germany.

Merkel's Migrant Deception

As it now turns out, Hungary's Prime Minister Viktor Orbán was right about a "secret deal" all along...

Goodbye Old EU, Hello New Multi-Speed Europe

Calling a spade a spade, the EU is a bloc on the verge of destruction. The process of disintegration has started and it is unstoppable. A multi-speed Europe is merely recognition of the reality. This is the time to say goodbye to the EU we once knew. A patchwork of clubs is emerging instead to change the European political landscape once and for all.

New European Regulations Set To Crush Equity Research Budgets By $300 Million

According to a new survey, the European Union’s MiFID II regulations, which will require investment banks to charge for equity research and trading fees separately, could cost I-banks around the world as much as $300 million in fees.  Turns out hedge fund clients don't assign that much value to 1,000s of research reports that all say the same thing: "Buy The Fucking Dip."