Israel

America Ranks Below Israel In World Happiness Index

USA USA USA #15? Despite aerial bombardment, growing tensions with every neighbor, and the almost ubiquitous daily car-bombs, Israelis are "happier" than Americans according to Bloomberg's world happiness index. Happiness, it appears, is most abundant a long way from the equator with Switzerland, Iceland, Denmark, Norway, and Canada all topping the list; whereas the unhappiest nations are all in Saharan or sub-Saharan Africa (apart from war-torn Syria and Afghanistan).

Key Events In The Coming Week

While this week sees the peak of Q1 earnings season, it will be a generally quiet week on the macro economic front for both EM and DM, with the emphasis on the latest seasonally adjusted manufacturing sentiment surveys, US durables and Japan trade.

Did Presidential Candidate, Marco Rubio, Make A Deal With The Devil?

Is mainstream media really going to ignore that Marco Rubio’s campaign is named after the late 1990?s think tank called a ‘Project for a New American Century’ (PNAC), founded by Head Neocon – Bill Kristol? And this is no coincidence. Guess who’s doing the Sunday talk show circuit campaigning for a Rubio presidency?

Did Germany Secretly Fund Israel's Nuclear Weapons?

The conservative German daily Die Welt, well-known for its unflinching support for Israel, recently published an article stating “with near certainty” that the Federal Republic of Germany, or West Germany, helped finance Israel’s nuclear program in the 1960s. The Welt report comes after former Israeli President Shimon Peres (who was the head of Israel’s nuclear-weapons program at the time of its inception in the 1950s) denied that funding for Israel’s nukes came from Germany earlier this month.

Paul Craig Roberts: "Will Washington Kill Us All?"

The propagandistic American “media” and the crazed neoconservatives have set humanity on the path to destruction. The American people and the entire world need to understand that the threat to life on earth resides in Washington and that until Washington is fundamentally and totally changed, this threat will remain as the worse threat to life on earth. Global Warming can disappear instantly in Nuclear Winter.

China Takes Aim At Dollar Reserve Status: Promotes Yuan In Investment Bank

The Asian Infrastructure Investment Bank will establish an AIIB currency basket with China set to push for the yuan to take a prominent role and for “special currency funds” to be established in order to issue yuan-denominated loans through the fund. "The AIIB's grand vision for infrastructure investment [comes] with challenges but China should do its best to establish the yuan as a currency for settlement and denomination," one analyst says.

“We Have Met The Enemy And He Is Us”

Neither Russia nor China is an imminent threat to the US, but a cataclysmic event is looming in the economic front, one which will forever change the perception of America by the rest of the world; or how we, Americans, perceive ourselves. It’s back to what that great cartoonist (and sociopolitical commentator), Walt Kelly, told us a half century ago as America struggled during the Vietnam War:

“We have met the enemy and he is us.” 

Frontrunning: April 14

  • Shale Oil Boom Could End in May After Price Collapse (BBG)
  • Oil above $58 on U.S. shale output report, Mideast (Reuters)
  • Ackman Says Student Loans Are the Biggest Risk in the Credit Market (BBG)
  • Alibaba Disputes U.S. Group’s Claim it Tolerates Fake Goods on Taobao (WSJ)
  • Petrobras takes steps to avert a technical default (FT)
  • Yen’s Drop Is Approaching Its Limit, Says Abe Adviser Hamada (BBG)
  • 'Slicing and dicing': How some U.S. firms could win big in 2016 elections (Reuters)
  • Fed official warns ‘flash crash’ could be repeatedv (FT)

Proxy War Escalates: Russia Lifts Ban On Selling Anti-Aircraft Missiles To Iran

UPDATE: *RUSSIA WILL SUPPLY S-300 TO IRAN QUICKLY: INTERFAX

We showed yesterday the web of interconnected rifts and relationships among The Middle East's local and proxy war members and it seems this morning tensions are escalating once again. As Bloomberg reports, Russian President Vladimir Putin signed a decree on Monday lifting a ban on the delivery of S-300 anti-missile rocket systems to Iran. The ban was introduced by former President Dmitry Medvedev in 2010 under pressure from the West following UN sanctions imposed on Iran over its nuclear program.

Key Global Events In The Coming Week

While today's macro calendar is empty with no central bank speakers or economic news (just the monthly budget (deficit) statement this afternoon), it’s a fairly busy calendar for us to look forward to this week as earnings season kicks up a gear in the US as mentioned while Greece headlines and the G20 finance ministers meeting on Thursday mark the non-data related highlights.

Despite Constant Saudi Bombing, Yemen Rebels Advance, Seize Key Town; Ayatollah Trolls US, Saudis on Twitter

It appears that when the US inadvertantly "misplaced" $500 million of weapons in Yemen, the bulk of which fell right in Houthi rebel hands, it created a very credible adversary... for the US and its Saudi-backed coalition allies. Because despite the bombing campaign by the Saudi-headed coalition, AP reports that the rebels seized a key provincial capital in a heavily Sunni tribal area on Thursday as their patron Iran called the two-week air campaign a "crime" and appealed for peace talks. According to media reports the Houthius overran Ataq, capital of the oil-rich southeastern Shabwa province, after days of airstrikes and clashes with local Sunni tribes. The capture marked the rebels' first significant gain since the Saudi-led bombing began.