"...we’re in a phase where we’re realizing that the people who have been allocating capital thus far have done a horrendous job...the result is that most of the things we’ve funded are mostly crap and largely worthless."
- Terror Network’s Web Sprawls Beyond Brussels and Paris (WSJ)
- Dollar firms, Asia stocks slip as U.S. data, Fed comments awaited (Reuters)
- Pakistanis hunt militants behind blast that killed at least 70 (Reuters)
- Biden-Clinton Friction Hangs Over Campaign (WSJ)
- Japan opens radar station close to disputed isles, drawing angry China response (Reuters)
- Google Search Technique Aided N.Y. Dam Hacker in Iran (WSJ)
Bombshell: King Of Jordan Blames Turkey For Terror In Europe, Says Israel "Looks Other Way" On Al-QaedaSubmitted by Tyler Durden on 03/26/2016 19:01 -0400
"President Erdogan believes in a radical Islamic solution to the problems in the region. The fact that terrorists are going to Europe is part of Turkish policy."
"I don’t understand how you could have been in possession of this video since Nov. 30, but on Jan. 13, when I questioned you on this, you answered, ‘There is no specific threat to the nuclear facilities.’ ”
Japan Goes Full Krugman: Plans Un-Depositable, Non-Cash "Gift-Certificate" Money Drop To Young PeopleSubmitted by Tyler Durden on 03/23/2016 20:06 -0400
The Swiss, the Finns, and the Ontarians may get their 'Universal Basic Income' but the Japanese are about to turn the Spinal Tap amplifier of extreme monetary experimentation to 11. Sankei reports, with no sourcing, that the Japanese government plans to unleash "vouchers" or "gift certificates" to low-income young people to stimulate the "conspicuous decline" in consumption among young people. The handouts may not be deposited, thus combining helicopter money (inflationary) and fully electronic currency (implicit capital controls and tracking of spending).
It’s been observed for quite some time that Google isn’t just a private corporate behemoth, but that its executives are often times more intricately involved in U.S. foreign policy than most people would find appropriate. It’d be one thing if this support was for a sane and humanitarian foreign policy, but we all know it’s precisely the opposite. In fact, certain Google executives have demonstrated a particular interest in overthrowing governments throughout the Middle East, which has achieved nothing but sow chaos and result in the creation of powerful new terrorists groups such as ISIS.
"True vulnerability is to put your family on a boat which you don't know if it's going to make it across the sea. True vulnerability is to flee even if you don't know where you're going, if you will get there, if you will even survive. But this is what it is when the alternative is impossible to live with. Therefore, you have to escape. That is vulnerability.”
Peak innovation? Meet the iPhone SE (Suckers' Edition?)
For the fourth time this year and the second time in seven days, one of Turkey’s major cities has been hit with a deadly suicide bombing. Just six days after an explosion ripped through a transit hub in Ankara’s Kizilay neighborhood killing 34 people and wounding more than 100, a bustling shopping street in Istanbul was shaken by a powerful blast on Saturday.
- Dow's Freakish Bounce Makes Investors Whole, Can't Erase Doubts (BBG)
- R.I.P. Dollar Rally as Dovish Fed Spurs Worst Slump Since 2011 (BBG)
- Global Currencies Soar, Defying Central Bankers (WSJ)
- Oil hits 2016 high above $42 on production and demand outlook (Reuters)
- The U.S. Is Exporting Its Oil Everywhere (BBG)
- Hillary Clinton’s Allies Launch Plan to Undercut Donald Trump Now (WSJ)
Modern "Free Trade" Deals Aren't Really About Trade
Spain and Catalonia are locked in a hilarious staring contest over the latter's unpaid bank debt which Barcelona has essentially demanded that Madrid pay. If Spain says no, Catalonia may well just default, a move that would send yields on SPGB's through the roof. Of course if Spain does pay, Madrid is effectively subsidizing Barcelona's independence bid.
“Housing in Vancouver is insane — it was insane when I left and it’s more insane now. If you’re trying to do the startup thing full-time, it would have been really difficult with all the expenses.”
This is how freedom falls, and tyrants come to power.