Greece

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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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Frontrunning: February 26





  • Fight night: Rubio, Cruz gang up on Trump in debate ploy (Reuters)
  • Laid Bare in Shanghai: G-20 Tensions Over How to Spur Growth (BBG)
  • China Flags Scope for Policy Stimulus, Tweaks Monetary Stance (BBG)
  • Global Stocks Rise With Commodities as China Sees Room to Ease (BBG)
  • Greece seeks to stem migrant flow as thousands trapped by border limits (Reuters)
 
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Global Stocks, Oil Continue Streamrolling Shorts On Last Minute Hopes For G-20 Stimulus Announcement





With the conclusion of this weekend's G-20 unknown, and many still expecting a major stimulus, the squeeze will likely continue into the close of trading ahead of the  weekend when nobody will want to be caught short into what may end up being another global coordinated intervention to prop up markets. “With a lot of policy events coming there is a fair chance of more stimulus plans so the markets can squeeze higher,” said Benno Galliker, a trader at Luzerner Kantonalbank AG. "The big reversal shows that there is some expectation building up into those events."

 
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"We Are Heading Into Anarchy": Official Says EU Will "Completely Break Down In 10 Days"





Don't look now, but Europe's migration commissioner has just slapped an expiration data on the EU: it's 10 days from now. If no concrete progress is made by the time EU officials convene a summit with Turkey early next month, Brussels says "the whole system will completely break down."

 
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A "Furious" Greece Recalls Austrian Ambassador: "We Will Not Be A Warehouse Of Souls"





“Greece will not accept unilateral actions. Greece can also carry out unilateral actions. Greece will not accept becoming Europe’s Lebanon, a warehouse of souls, even if this were to be done with major [EU] funding.”

 
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Wedbush Goes There: "Beware The Panics And Crashes Of March"





As if several markets tumbles and heartstopping short squeezes in just the first two months of 2016 have not been enough to turn professional traders' hair prematurely gray and drive all retail daytraders permanently out of the "market", here is a warning from Wedbush's otherwise quite somber repo market analyst, Scott Skyrm, according to whom the volatility is only just starting.

 
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The Evil Empire Has The World In An Economic "Death Grip"





A decade ago John Perkins exposed the world to the ugly reality of Washington's "Economic Hit Men." Now he is back, exposing the fact that the evil empire has the world in the grip of a "death economy," concluding that "we need a revolution" in order "to bury the death economy and birth the life economy." But, as Paul Craig Roberts adds, don’t look to politicians, neoliberal economists, and presstitutes for any help.

 
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Bring On "The Toilet Paper Rebellion": "Public Patience" With Venezuela's Socialist Paradise Wears Dangerously Thin





"So far, Venezuelan society has been patient, but will this continue to be the case?"

 
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Venezuela's Gold Liquidation Begins: Maduro Quietly Exports 36 Tonnes Of Gold To Switzerland





Venezuela has already started moving much of its gold reserve to Europe where it will be located closer to swap-provider and ultimate custodian, and liquidator, Deutsche Bank, by way of Switzerland. According to BullionStar, Switzerland has imported a net of 35.8 tonnes of gold from Venezuela in January 2016.

 
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How Italy Will Fail And Drag Down The European Project





Italy is big enough to matter (it is the eight largest economy on the planet), but so uneventful that most does not pay any attention to what is going on there. We contend that Italy will, during the next year or two, be on everyone’s radar screen as it has the potential to derail the European project for real.

 
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