In a recent interview with CNBC's Rick Santelli, Richard Fisher, former President of the Dallas Fed, explained “The Fed has the market on Ritalin—trying to keep the mood very smooth, keep volatility down as much as possible. As soon as they hint that they might remove that, then they create the problems they're afraid of. So, they've boxed themselves into a corner, and the real art will be to see how they manoeuvre to get out of that”….“When [the Fed] move—and I hope they move sometime in June—there'll be a settling in of the marketplace. There will be a correction. Suck it up.

London’s new Mayor Sadiq Khan has accused Prime Minister David Cameron and defeated Tory candidate Zac Goldsmith of maintaining a nasty, negative and divisive campaign during the recent mayoral elections. Khan says the conservatives set out to divide London’s ethnic communities by adopting Donald Trump style campaign tactics during an election that broke records, with a 45.6% turnout on Thursday. The Tories have defended their tactics. Chancellor Osborne called them a robust bit of “rough and tumble,” common in today’s politics and necessary for democracy.

Millions of pounds worth of British aid to  war stricken Syria may have ended up in the hands of ISIS, according to a Government report. The revelation was made in a December report by the Department for International Development (DFID), a British government institution responsible for administering foreign spending According to the Mail Online, the DFID admits that ‘the most serious risk’ to its programmes in the war-torn country is ‘from the large scale diversion of aid, including for the purposes of terrorism’.

Submitted by Danielle DiMartino Booth via DiMartinoBooth.com,

In his latest must read presentation, Citigroup's Matt King continues to expose - and be very concerned by - the increasing helplessness (and cluelessness) of central bankers, something this website has done since 2009, fully aware how it all ends.

Take Matt King's September 2015 piece in which he warned that one of the most serious problems facing the world is that we may have hit its debt ceiling beyond which any debt creation is merely pushing on a string leading to slower growth and further deflation.