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Goldman Accused Of Funding Maduro's Dictatorship

The president of Venezuela's opposition-run Congress on Monday accused Wall Street investment bank Goldman Sachs of "aiding and abetting the country's dictatorial regime" following a report that it had bought $2.8 billion in bonds from the cash-strapped country.

Greek, Italian Risks Weigh On European, Global Markets; Oil, Gold Slide

Tuesday's session started off on the back foot, with the Euro first sliding on Draghi's dovish comments before Europarliament on Monday coupled with a Bild report late on Monday according to which Greece was prepared to forego its next debt payment if not relief is offered by creditors, pushing European stocks lower as much as -0.6%. However the initial weakness reversed after Greece denied the Bild report. S&P futures are fractionally lower

Euro Slides After Greece Hints At Default

EURUSD is sliding in early Asian trading after Greece's government is reportedly planning to forego its next bailout payment (of around EUR7bn) if no debt relief is offered by creditors (thus leaving it likely to default on its next round of repayments).

Paris Mayor Condemns Black Feminist Festival Which Bans White People

Paris Mayor Anne Hidalgo on Sunday called for a black feminist festival in Paris to be banned, saying it was prohibited to white people: "I am asking for this festival to be banned" Hidalgo said, adding she reserved the right "to prosecute the organisers for discrimination."

Less Government. More Freedom.

"In every human heart there is a hunger to live free, and big government is the enemy of freedom... The dreams that our forefathers once had for this nation may have faded, but they aren’t dead just yet... A new generation of patriots is rising, and we are determined to take our country back."

Will The Crazy Global Debt Bubble Ever End?

We've been playing two games to mask insolvency: one is to pay the costs of rampant debt today by borrowing even more from future earnings, and the second is to create wealth out of thin air via asset bubbles. All the games end badly.

...And Now For The Bad News

This is the most important thing to understand about US federal government spending: the built-in costs are so extreme that they can’t possibly make ends meet. And the problem becomes worse each year...

What Keeps Bank of America Up At Night

"The last two weeks have further underpinned our belief that the market has had misplaced optimism in the new administration's reform agenda, while we find more and more evidence that suggests the macro environment echoes that of 2014 and 2015."