China

China

Frontrunning: March 14

  • U.S. East Coast Braces for Late-Winter Blizzard (WSJ)
  • U.S. Blizzard Grounds Flights, Raises Power as Trump Tweets (BBG)
  • Debt Ceiling Fight May Be Too Tempting for Trump to Pass Up (BBG)
  • Russia appears to deploy forces in Egypt, eyes on Libya role (Reuters)
  • EU headscarf ban ruling sparks faith group backlash (Reuters)

North Korea Threatens US With "Merciless Strikes" As US Carrier Arrives

"If they infringe on the DPRK's sovereignty and dignity even a bit, its army will launch merciless ultra-precision strikes from ground, air, sea and underwater," the North's state news agency KCNA adding that "on March 11 alone, many enemy carrier-based aircraft flew along a course near territorial air and waters of the DPRK to stage drills of dropping bombs."

Global Stocks Drop Ahead Of Fed Rate Decision; Dollar Rises As Sterling Tumbles

European stocks declined for first session in five ahead of Wednesday's Dutch elections and Fed rate hike announcement. Fed concerns also dragged down Asian shares and S&P futures, while the dollar rose. Crude oil has ended its six-day drop. The pound tumbled 0.8% to the lowest since mid-January in a delayed reaction after Theresa May won permission to trigger the country’s departure from the EU.

How Shale Is Reshaping The World: Three New Wars

"...the US Shale revolution will accelerate the breakdown of the global order as we know it, reshaping global geopolitics, leading to three major conflicts - Russia vs. Europe, Iran vs. Saudi Arabia & an Asian Tanker War"

A CIA Cyber False Flag

"It seems evident that the CIA is now a state within a state, an entity out of control that has even arrived at the point of creating its own hacking network in order to avoid the scrutiny of the NSA and other agencies."

Fasanara Capital: This Is The Bear Case For Oil

"We reiterate our view that Oil is defying gravity at current levels and is set to revisit lows in the not so distant future, due to overwhelming structural factors such as exponential technologies, shale oil/shale gas/nat gas, substitution effects. Long-term prospects have little bearing in the short-term for price-discovery, but do provide a magnet for prices over time."

Raising Interest Rates Can't End Well

"The economy looks to me like a type of Ponzi Scheme. It depends on both rising energy consumption and rising debt. Judging from the problems we are having now, it seems to be reaching its limit in the near term. Raising interest rates will tend to push it even further toward its limit, or over the limit. The world economy is operating at too close to 'stall speed'. The financial system is too fragile."

Reggie Middleton's picture

The Winkelvoss Bitcoin ETF just might be salvageable. There were some fairly egregious misconceptions and dated understandings in the SEC's reasoning to reject the application. I can show those who are interested how to construct a stronger application that overcomes the objections. The demand is there, we just need to get the vehicle correct.

Ethereum Explodes Above $30, Soars 35% In Past 24 Hours

Ethereum has surpassed its all-time highs on Monday, rising above a record $30 per coin. At publication time, the digital currency had soared by more than 35% in the past 24 hours, and has tripled  since the start of the year.