Norway

Frontrunning: March 20

  • Stock futures lower after G20 drops free-trade pledge (Reuters)
  • U.K. to Trigger Brexit on March 29, May’s Spokesman Says (BBG)
  • Comey to Testify on Hill About Russia, Wiretap Allegation (WSJ)
  • Germany, Japan Push Trade Deal as Merkel Seeks Anti-Trump Allies (BBG)
  • North Korea engine test may be prelude to partial ICBM flight (Reuters)
  • Regulators Said to Weigh Appraisal Change That May Spur Lending (BBG)

Global Stocks Soar To Record Highs On "Dovish" Fed, Dutch Vote

World stock indexes surged to record highs on Thursday while the dollar traded close to a one-month low after the Federal Reserve hiked U.S. interest rates but signaled no pick-up in the pace of tightening, while the Dutch elections were broadly interpreted as a drop in support for Europe's anti-establishment powers.

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.

Why Force Parents To Keep Their Children In Failing Public Schools?

"We don’t pay teachers enough, and we don’t fire teachers enough... if you want your failing public school, you can keep your failing public school...But do not take away the option for someone else to remove their child from a toxic environment, and make their own choice..."

Key Events In The Coming Week: All Eyes On Payrolls

The key economic release this week is the employment report on Friday, which as Janet Yellen noted in her speech on Friday, is the only economic event (together perhaps with the CPI report on April 15), that could potentially derail a now practically guaranteed rate hike.

Norway Wealth Fund Gains $53 Billion in 2016 On Trump Rally

"All of the fund’s asset classes generated positive returns, but it was the strong equity return in the second half of the year that drove the fund’s results.  After the presidential election in the U.S., markets priced in higher growth and inflation in the global economy."