Authored by Charles Hugh-Smith via OfTwoMinds blog,
Those benefiting from these destructive "solutions" may think the system can go on forever, but it cannot go on when every "solution" becomes a self-reinforcing problem that amplifies all the other systemic problems.
With rumblings growing about a possible Washington shutdown on April 28 when the current continuing resolution expires, Deutsche Bank's Washington expert Frank Kelly yesterday hosted a client call on the political implications of last week's events.
With the S&P just shy of all time highs, and in the aftermath of the reasonably successful - for now - Snapchat IPO, the procession of companies set to go public has a new and somewhat surprising entrant: according to Axios, BuzzFeed is quietly making preparations to go public in 2018.
Brexit day has finally arrived, and despite this major "risk event", European and Asian stocks are trading mixed, while S&P futures are just fractionally lower as a bounce on optimism over the American economy appears to have fizzled and President Trump continues to struggle to pass his legislative agenda. The pound first dipped then rose as the U.K. is set to begin its life outside the EU.
Authored by Zainab Calcuttawala via OilPrice.com,
As the Russia versus Ukraine gas war continues, former Ukrainian Prime Minister Arseniy Yatsenyuk now faces a Russian arrest warrant in addition to the international arrest warrant that has been active against him since February 21st, according to reports on filings from a town in southern Russia.