• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Greece

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EU Bombshell: The Balkan Route To Germany Is Closed





8 days ago, Brussels said Europe had 10 days to fix the EU's migration system or "the whole think comes apart." Somethig tells us there will be no grand coalations in the next 48 hours between Erdogan and Tsipras which sets the stage for a showdown. According to a leaked draft, the Balkan Route is now set to be frozen altogether.

 
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NATO Accuses Russia Of "Weaponizing Refugees" To "Break Europe"





“Do not come to Europe. Do not believe the smugglers. Do not risk your lives and your money. It is all for nothing.”

 
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Futures Flat Ahead Of Payrolls As Gold Continues Surge After Entering Bull Market





There is an odd feeling of Deja QEu this morning, when with two hours to go until the February payrolls, global stocks are modestly higher, US equity futures are likewise slightly higher on the back of a weaker dollar (or perhaps stronger Euro following a Market News report according to which the ECB may disappoint, more on that shortly), but it is gold that is breaking out, and after entering a bull market yesterday when it rallied 20% from its December lows gold has continued to surge, rising as high as @1,274 in early trading a price last seen in January 2015.

 
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"No Signs Of Recession" Says Agency That Always Fails To Predict Recession





The top economist for Moody’s (one of the largest rating agencies in the world) said yesterday, as he unleahed the latest jobs guess, that there are absolutely zero signs of recession. These sameguys were so drunk on their own Kool-Aid that in October 2007, Moody’s announced that “the economy is not going to slide away into recession.” Everyone assumed that the good times would last forever. This is what virtually assures negative interest rates in America.

 
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Tsipras Rages, Greece "Will Not Become A Warehouse Of Souls"





"We will not allow Greece to be turned into a warehouse of souls! Here from Athens, I want to appeal to all potential illegal economic migrants wherever you are from: Do not come to Europe. Do not believe the smugglers. Do not risk your lives and your money. It is all for nothing."

 
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Frontrunning: March 3





  • Global stocks, oil dip, but markets calm down as growth fears ease (Reuters)
  • Greece cannot carry migrant burden on its own: PM Tsipras (Reuters)
  • New Migrant Crisis Flares in Greece (WSJ)
  • Qatar's BeIn Media buys U.S. film studio Miramax (Reuters)
  • Nanny who beheaded Russian girl cites revenge for Putin's Syria strikes (Reuters)
 
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Asian Surge Continues As Rally Stalls In Europe; S&P Futures Unchanged





While Asian stocks continued their longest rally since August overnight, led higher for the third consecutive day on the back of Japan (+1.3%), Australia (+1.2%) and China (+0.4%) strength, European stocks have as of this moment halted their longest rally since October (Stoxx -0.1%) and U.S. index futures are little changed. Oil slipped from an eight-week high despite yesterday's massive rise in US oil inventories on hopes Saudi Arabia may be forced to cut production as its budget strains grow actue and the kingdom is forced to seek a $10 billion loan, its first material borrowing in a decade.

 
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Striking Admission By Former Bank Of England Head: The European Depression Was A "Deliberate" Act





While warnings by former central bankers who are more responsible about the current global mess sound as nothing but revisionist bullshit. And yet, it was what King said today at the launch of his new book that left us surprised.As the Telegraph reports today, according to the former head of the Bank of England Europe's economic depression "is the result of "deliberate" policy choices made by EU elites.

 
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Furious Rally Fizzles Overnight As Futures Follow Oil Lower





Following yesterday's torrid 2.4% March opening rally, which resulted in the biggest S&P gain since January and the best first day of March in history on what was initially seen as very bad news, and then reinterpreted as great news, overnight futures have taken a breather, and erased a modest overnight continuation rally to track the price of oil lower.

 
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Global Manufacturing Rolling Over: Over 70% Of Global PMIs Decline In February





28 regions have reported their global manufacturing PMI surveys so far. Seven saw improvements in their manufacturing sectors in February, twenty recorded a weakening, and India was unchanged. This means that over 70% of the world saw manufacturing sentiment deteriorate in February compared to January.

 
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EU's Evil Plan B: Cutting The Balkan Route Has Stranded 1000s Of Migrants In Greece





The closure of borders in the north of Greece has created chaos: thousands of refugees and migrants wandering from Athens to Idomeni without knowing where to sleep and what to eat, where to lay their kids and elderly to sleep.

 
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Dead Piglet Inscribed With "Mother Merkel" Found At German Mosque





"Leaving a dead pig with the words 'Mutti Merkel' on it isn't just tasteless, but demonstrates fundamental failings of democratic education and conviction"...

 
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