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Guest Post: Russian-Iranian Cooperation In The Creation Of New Regional Security Systems





It is quite obvious that Russia cannot substitute the West and in particular European countries with someone else. It is impossible for historical and cultural reasons, the abundance of industrial relations, geographical proximity and so on. Moscow can however substantially weaken such dependency through the strengthening of political, military, financial and economic relations with other countries which are friendlier and less susceptible to pressure from Washington. Islamic Republic of Iran (IRI) holds a special place amongst countries friendly to the Russian government, and strategic dialogue is being actively developed with it.

 
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China Stock Rally To Continue Unless Economic Recovery Gets In The Way, Deutsche Bank Says





The panic buying by China’s newly-minted, day trader hordes took a breather on Tuesday which we think presents as good an opportunity as any to assess what factors might intervene to derail the self-feeding margin madness that has Shanghai and Hong Kong partying like it’s 1999 on the Nasdaq.

 
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Chaos And Hegemony - How US Dollar Imperialism Dominates The World





To maintain its hegemony, the U.S. must by all means prevent the emergence of rival powers and impede possible current as well as future threats that could emanate from oil states. The ideal condition for enforcing its own goals at a low cost would be the fragmentation of antagonistic power centers through ethnic and religious strife, civil wars, chaos and deep-seated mistrust in the Middle East – always following the well-known premise of ‘divide and rule.’ In fact, we are currently experiencing tremendous changes towards such a chaotic state of affairs.

 
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“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.” 

 
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Hillary "Has Betrayed All That Was Right About The Baby Boomers" David Stockman Blasts





Hillary rose to fame delivering an idealistic commencement address at the beginning of her career. But like the generation she represents, she has betrayed those grand ideals over a lifetime of compromise, expediency, self-promotion and complacent acquisition of power, wealth and fame. She doesn’t deserve another stint at the podium - let alone the bully pulpit.

 
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The Exodus Begins: Oil ETFs See Biggest Outflows In 15 Months





Just as we warned previously (here, here, and here), the knife-catching, contango-crushed, BTFDers that piled over $6bn into Oil ETFs have severely underperformed this year. The USO ETF has fallen by more than 9% since the start of the year, whereas front-month U.S. oil futures have dipped by less than 3% on account of roll costs, and as of last week, investors have started to exit this massive position en masse. As Reuters reports, outflows from four of the largest oil-specific exchange traded funds reached $338 million in two weeks to April 8 - the first since September and largest since Jan 2014. It seems Goldman was right about "misguided retail investors."

 
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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)
 
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Futures Slump As Asian Stock Bubble Calls A Timeout





Judging by the recent action in equity futures, the continuously rangebound US market since the end of QE may be entering its latest downphase, catalyzed to a big extent by the recent strength in the JPY (the EURJPY traded down to 2 year lows overnight), especially following yesterday's not one but two statements by Abe advisor Harada saying a USDJPY at 125 isn't "justified" and a 105 level would be appropriate. A level, incidentally, which would push the Nikkei lower by about 20% and crush Japanese pensions which are now mostly invested in stocks. Not helping matters was the pause in the Chinese and Hang Seng stock bubbles, with the former barely rising 0.3%, while the former actually seeing its first 1.6% decline after many days of torrid, relentless rises.

 
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Paul Craig Roberts: "America Will Be Hard Pressed To Survive The Lies It Lives"





Everywhere in the West monstrous lies stand unchallenged. The lies are institutionalized in history books, course curriculums, policy statements, movements and causes, and in historical memory. America will be hard pressed to survive the lies that it lives.

 
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Citi Writes Iron Ore Price Obituary





As Wall Street struggles to explain last night’s trade data out of China which seemed to vividly illustrate the notion that the combination of the yuan’s dollar peg and generally weak demand can and will take a devastating toll on the country’s exports, and as iron ore does its best dead cat bounce impression on the “psychologically” important news that Australia’s fourth largest miner is suspending operations, Citi is out with a rather dismal take on the outlook for iron ore prices.

 
GoldCore's picture

Safety Deposit Box Heist in London Reminder of Need for Insurance and Top Level Security





There appears to have been a shocking lapse in security surrounding the Easter weekend heist. The security lapse reflects badly both on the company and on the police. Holding tangible assets outside of the fragile banking system is a risky exercise, if the manner in which those assets are stored is not thoroughly secure and fully insured.

 
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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.

 
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Wall Street Reacts To China's Shocking Trade Data





Everyone was shocked by yesterday's Chinese March trade update which showed that while imports slid largely as expected, it was the 15% drop in exports, the largest in over a year, that prompted many to wonder just how big the global trade slump really is, masked by what has now become pervasive, global QE. This was the worst performance, exports and imports combined, since late 2009.  Below is a selection of responses by Wall Street analysts trying to justify how - with global equities, if only in local currency terms, at all time highs - China can be doing so badly.

 
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Frontrunning: April 13





  • As reported here first a month ago: The $9 Trillion Short That May Send the Dollar Even Higher (BBG)
  • As an instant target for foes, Clinton may struggle to get message heard (Reuters)
  • Emerging Stocks Rally 11th Day as Aussie Weakens on China (BBG)
  • Puerto Rico, Investors Enlist Ex-IMF Officials (WSJ)
  • Dollar’s Rise Reshuffles Global Economy (BBG)
  • Indonesia eyes regular navy exercises with U.S. in South China Sea (Reuters)
  • Banca Monte dei Paschi Breaches Exposure Limits to Nomura (WSJ)
  • European Bond Buyers Find Negative Doesn’t Necessarily Mean Bad (BBG)
 
Tyler Durden's picture

China Stocks Soar To 7 Year High After Collapse In Exports; US Futures Slip On Continuing Dollar Surge





If there was any doubt that global trade is stalling, it was promptly wiped out following the latest abysmal Chinese trade data which saw exports tumble by 15% - the most in over a year - on expectations of a 8% rebound, with the trade surplus coming in at CNY18.2 billion, far below the lowest estimate. While unnecessary, with the Chinese GDP growth rate this Wednesday already expect to print at a record low, this was further evidence of weak demand both at home and abroad. Weakness was seen in most key markets, and the strength of China's currency was partly to blame, which again brings up China's CNY devaluation and ultimately QE, which as we wrote some time ago, is the ultimate endgame in the global reflation trade which, at least for now until the CBs begin active money paradropping to everyone not just the 0.01%, is only leading to inflation in stocks and deflation in everything else.v

 
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