Speaking through its mouthpiece Global Times, China has published its first reaction to "unpredictable" Trump's position as presumptive Republican nominee and their expectations of a Trump vs Clinton fight for The White House... "This scenario is becoming increasingly serious..."
The Truth May Be a Wee Bit Different ...
While there was no unexpected overnight central bank announcement unlike yesterday's surprise by the RBA which unleashed volatility havoc in the FX market, which promptly spilled over into all asset classes, overnight stocks around the world saw another leg lower without a tangible catalyst, while EM currencies fell to a one-month low after two Fed presidents raised concern investors had become too complacent in their belief that U.S. interest rate raises will stay on hold. Or perhaps all that is happening is that after ignoring Trump, the market is starting to finally price in the possible reality of the Donald in the White House (although as Jeff Gundlach pointed out, Trump would be a far better president for the economy and the market than Hillary or Bernie).
Update: *PAUL RYAN SAYS TRUMP WILL BE NOMINEE IF HE WINS INDIANA: CNBC
Today's primary in the Hoosier State could prove to be the last stand for Ted Cruz and John Kasich, as The Donald looks to deliver the final knockout blow to the two challengers. If Trump wins, it certainly would be an embarrassment for a GOP establishment that has literally done everything it can to stop Trump, most recently touting the Cruz/Kasich alliance that self-destructed just hours after it was announced.
The probable end result, when subtracting from the potential Democratic vote disenchanted millennials, economic-revolutionaries, and doves could easily bury any and all hope for the Clintons to return to the White House. Many millennials won’t vote; and many impoverished whites in the Democratic Party will feel forced to switch their anti-establishment allegiance from Bernie to Donald Trump, as incongruent as that may seem, hoping for a better economic future and/or a more constructive, less confrontational hawkish attitude internationally. For all the antipathy that might exist between African-American and Latino “super-minorities” and Donald Trump, it is these major minority voting blocks that appear to be clearing the path for this Demeaner-in-Chief to exchange his ostentatious quarters in Trump Plaza for the more modest ceremonial trappings of the White House.
The sad truth may be that rackets of this kind are unreformable, and that we can’t begin to do things differently until they collapse. Likewise in virtually all other areas of American life, the real trend as yet un-discussed in this election campaign, will be unwinding and downscaling of the onerous, toxic hyper-complexity of the age now passing and finding our way to a workable re-set of what used to be known as political-economy. In the meantime: a clown show.
Seymour Hersh has reported that the Obama Administration falsely blamed the government of Syria’s Bashar al-Assad for the sarin gas attack that Obama was trying to use as an excuse to invade Syria, exposing that a secret agreement in 2012 was reached between the Obama Administration and the leaders of Turkey, Saudi Arabia, and Qatar, to set up a sarin gas attack and blame it on Assad so that the US could invade and overthrow Assad. Notably, multiple reports suggest the US Consulate in Benghazi Libya was operating a "rat line" for Gaddafi’s captured weapons into Syria through Turkey; and now, for the first time, Hersh has implicated Hillary Clinton directly in this "rat line."
As Donald Trump inches closer to the Republican nomination, GOP insiders scramble to put a halt to the billionaire’s run for the White House. A new lawsuit filed in the state of California could prove to be the ultimate act of desperation by a frantic establishment willing to go to any lengths to end Trump’s bid for the Oval Office. However, if the allegations contained within the court documents are found to be true, they would not only spell the end of Trump’s presidential aspirations, but most likely his brand as a whole.
According to leaked negotiating drafts and internal positions, which were obtained by Greenpeace and seen by the Guardian, it seems the stumbling blocks ahead of the TTIP's implementation are indeed substantial, and potentially dealbreaking. As the Guardian reports, talks for a free trade deal between Europe and the US face a serious impasse with "irreconcilable" differences in some areas. The leaked texts also show that the two sides are at odds "over US demands that would require the EU to break promises it has made on environmental protection."
Probably the biggest misconception investors have about gold is that it's an investment. They'll listen to people on CNBC pick apart and analyze every $30 move in the metal, just as they would talk about a move in crude oil or stocks or bonds. They'll check the price quote every day... to see how their "investment" in gold is performing. That just isn't a useful way to view gold. Gold isn't an investment. Gold is money. Gold is real wealth you can hold in your hand, it's also "crisis insurance"... or "wealth insurance."
"If This Goes Well, I'll Use It At Goldman Sachs Next Year" - Obama Mocks Everyone At His Final "Nerd Prom"Submitted by Tyler Durden on 05/01/2016 09:39 -0400
In his final address to the White House correspondents dinner also known as "nerd prom", Obama embraced his last chance at a snarky, hyperbolic, comic monologue and used the stage to unleash a series of one-liners at 2016 presidential candidates in both parties, the media and his own career as president.
While the Arab countries floated themselves on oceans of petro-dollars forty years ago, they have little need for them now. So we must now turn our attention to China, which is well positioned to act as white knight to Saudi Arabia. China’s SAFE sovereign wealth fund could easily swallow the Aramco stake, and there are good strategic reasons why it should. A quick deal would help stabilise a desperate financial and political situation on the edges of China’s rapidly growing Asian interests, and keep Saudi Arabia onside as an energy supplier. China has dollars to dispose, and a mutual arrangement would herald a new era of tangible cooperation. The US can only stand and stare as China teases Saudi Arabia away from America’s sphere of influence.
For the past twenty years, movements have arisen to challenge American imperialism. The Trump movement is different: it is massive, and it is capable of winning. That’s what has the Establishment in such a panic. If we step back from the daily news cycle, and consider the larger significance of the Trump phenomenon, the meaning of it all is unmistakable: we haven’t seen anything like this in American politics – not ever. Revolution is in the air. The oligarchy is tottering. The American people are waking up, and rising up – and those who try to ignore it or disdain it as mere “populism” will be left behind.
Whether the establishment likes it or not, and it evidently does not, there is a revolution going on in America.