Germany

Top US, Russian Military Generals To Meet Thursday

U.S. Marine Corps General and Chairman of the Joint Chiefs Joseph Dunford will meet with the head of the Russian army's General Staff Valery Gerasimov on Thursday in Azerbaijan, Dunford's office said in a statement on Wednesday.

Consumer Prices Surge At Fastest Pace In 5 Years As Real Wages Tumble

Stagflationary disaster looms. As prognosticators ohh and aah over the soaring consumer price index (up 2.5% YoY - the most since March 2012), driven by a 14.2% YoY spike in gasoline prices, it appears they missed the fact that real average weekly earnings  plunged by 0.6% YoY - the biggest wage collapse since November 2011.

Key Events In Washington Today: Trump Meets Netanyahu; Yellen Day Two

There are two key events on Washington's docket today both of which could be market moving: first Yellen continues her testimony on monetary policy in Congress, this time before the House, while President Trump is set to meet Israel's Prime Minister Netanyahu.

Global Stocks Hit 21 Month Highs, Futures Point To New Record Ahead Of Inflation Data

The global "risk on" melt-up continues. After a modestly hawkish Yellen warned that every meeting is live, and refused to take March off the table, sending the dollar and yield higher and the S&P to fresh record highs, world stocks rose hitting a 21-month high on Wednesday with the dollar rising for the 11th straight day, the longest positive streak since July 2015.

World's 2nd Largest Stockpile Of Gold Leaves The United States

Even after the Soviet Union fell, most governments still chose to keep their gold in New York. It was safe. America was a rich, trusted ally. Why bother moving it? Fast forward a few decades and the world has clearly changed. Germany was among the first out the door...

France's Macron Says He Is Target Of Russian "Fake News" Campaign

French presidential candidate Emmanuel Macron accused Russia of waging a "fake news" campaign against him, as he faces thousands of daily cyber attacks. "We are in the presence of an orchestrated attempt by a foreign power to destabilize a presidential election candidate" said Richard Ferrand, Macron's secretary-general.

Is Greece Really On The Verge Of Another Financial Crisis?

Just about every adult on earth has seen this show before. Greece faces a debt repayment that it cannot meet... and needs fresh bailout funds. Past budget stringency has failed to relieve Greece’s predicament. If Athens were to unwind this crony-capitalist regulatory regime, it would generate an economic dynamism that Greece desperately needs.