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Bill Blain On This Morning's European Euphoria

This morning the European markets are Risk-ON in frothy celebration because Right-Wing demagogue Gert Wilders “apparently” lost the election and won’t dominate the coalition process.

Saudi Prince Crushes Liberal Meme: Trump Is "True Friend Of Muslims"

Leftists may be about to suffer their biggest cognitive dissonance seizure yet. Despite being told by the Obamas, the Clintons, Soros, and the mainstream media that Trump "is a racist islamophobe," none other than Saudi Deputy Crown Prince Mohammed bin Salman proclaimed Trump a "true friend of Muslims," claiming the leader's immigration ban does not target Islam.

JPM: "This Is The Bottom Line For Stocks"

"The bottom line for domestic equities remains the same: the SPX is only back to where it stood before Trump spoke in front of Congress on 2/28 (the index is down just ~1.5% from the 3/1 2400 high) and the larger risk remains whether the index retraces the whole “phenomenal” rally (which would move it back to 2300 or lower)."

The US Government Now Has Less Cash Than Google

"Our modern 'experts' tell us that the US government will always pay and that a debt default is impossible. Well, we’re living in a world where the 'impossible' keeps happening."

"Hanging In The Balance" - A Look Inside The War To Repeal Obamacare

House Republican:  "Right now, the Speaker of the House does not have the votes to pass this bill unless he’s got substantial Democratic support."

Senate Republican:  "House health-care bill can’t pass Senate without major changes.  To my friends in House: pause, start over. Get it right, don’t get it fast."