The Fed may "seriously consider" negative rates after moving rates back to zero, reintroducing forward guidance and making "stronger pleas" to Congress for fiscal policy action as there are complications for money markets, according to BofAML strategist Mark Cabana.
This would not be a total surprise as Mises Institute's Joseph Salerno warns recent Fed commentary suggests they want to test-drive negative interest rates...
Back in October, we previewed the “promised” battle for Aleppo, Syria’s largest city prior to the war.
By the time Russia began constructing an air base at Latakia, the city - which is immensely important both from a strategic and psychological perspective - was controlled by a hodgepodge of rebels and militants including al-Qaeda, the Free Syrian Army, and ISIS.
We are going to need more "whatever it takes." And with Draghi's efforts to shove sovereign bonds down the throat of Europe's banks, the sovereign-to-financial linkage is now systemically as worrisome as it has ever been...
Deutsche Bank's CDS continues to push higher...smashing European bank risk to its highest since 2013...
Unicredit remains the most risky among EU banks...
And it is spreading to America...
Molly Ball has a fascinating article about a new work of history shining light on the progressive roots of the pro-life movement. Excerpt:
Rand Paul’s campaign strategy worked brilliantly—for Ted Cruz. For Rand, it’s led to him dropping out before the first primary. Staunch libertarian supporters of his father’s two campaigns believe Rand should have run more like Ron. But it’s worth examining why he didn’t and why neither Paul has come close to the nomination.