Germany

IMF Drops Pledge To "Resist All Forms Of Protectionism"

A communique from the IMF’s steering committee released on Saturday in Washington echoed the G-20 reversal, and said that officials “are working to strengthen the contribution of trade to our economies" while omitting a call from its last statement in October to “resist all forms of protectionism."

Frontrunning: April 21

  • Attack overshadows last campaign day in France (Reuters)
  • Paris Gunman Was Questioned by Police in February (WSJ)
  • French PM knocks Le Pen, Fillon stance on security after Paris shooting (Reuters)
  • Battle zone scenes at Paris Champs Elysees (Reuters)
  • In ‘Buy American’ Push, Trump Is Starting in a Hole (WSJ)

10 Selfless Acts Amid Terrible Tragedies That Will Restore Your Faith In Humanity

"...yes, we’re an incredibly violent and cruel species that is capable of mind-boggling horrors when we’re trying to survive. Hell, some of the things we do when we aren’t desperate are still nightmare inducing. But what most people forget is that in our darkest moments, we’re capable of immeasurable acts of compassion and altruism."

The Reason Behind The Sales-Surge For Nuclear-Proof Bunkers

"The bipartisan neoconservative dream of America’s aristocrats (world-conquest) will never be achieved. Russia will never accept it. If America’s rulers continue to press it, the result will be even worse than when the Nazis tried...either the U.S. will cease its designs on Russia, or there will be WW III."

Why Bonds Aren't Overvalued

Will the “bond bull” market eventually come to an end?  Yes, eventually. However, the catalysts needed to create the type of economic growth required to drive interest rates substantially higher, as we saw prior to 1980, are simply not available today. This will likely be the case for many years to come as the Fed, and the administration, come to the inevitable conclusion that we are now caught in a “liquidity trap” along with the bulk of developed countries.

"The Nightmare Scenario" And Everything Else: The Full French Election Matrix

With the start of the French election just days away, investors are contemplating a "nightmare scenario": a choice between far-left and far-right candidates.  Currently, polls are very close, with four candidates in the 18-24% range of voting intentions. Given the  polls’ margins for error, six permutations look possible for round 2.

Europe And S&P Futures Higher, Dollar Drops As OPEC Talks Oil Up

European stocks rose amid earnings beats, offsetting weakness in the energy sector and easing investor concerns ahead of the weekend’s French election. Asian shares and U.S. futures also rise. The dollar weakens against the euro and most crosses, while crude oil rebounds following renewed OPEC chatter of a production cut, this time with Saudi Arabia seemingly onboard.

A Ukraine On The Verge Of Disaster Benefits No One

All the provocateurs in Ukraine should be aware that playing the nationalist card can be dangerous and can even result in a defeat that, when compared to 2014-2015, would be dramatically worse, condemning Ukraine to an economic, social and political crisis without precedent or a way out. It literally could be the beginning of the disintegration of Ukraine as we know it today.

Elliott Management Releases Klaus Kleinfeld's "Veiled Extortion" Letter

Three days ago Arconic's CEO Klaus Kleinfeld was fired unceremoniously for "showing poor judgment," in a letter sent to Paul Singer, founder of hedge fund Elliott Management. Elliott has just released the letter and its response which claims Kleinfeld made "veiled suggestions that he might intimidate or extort Mr. Singer" over his behavior at a 2006 soccer match... involving "singing in the rain... in a fountain" and an indian head-dress.

Run For Your Life: The American Police State Is Coming To Get You

Incidents like these - sanctioned by the courts and conveniently overlooked by the legislatures - teach Americans of every age and skin color the painful lesson that there are no limits to what the government can do in its so-called “pursuit” of law and order. If this is a war, then “we the people” are the enemy.