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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.

Biggest EU Banks Embark On The Mother Of All Debt Binges

Submitted by Don Quijones via WolfStreet.com,

Spain’s three biggest banks, Banco Santander, BBVA and Caixa Bank, have got off to a flying start this year having issued €8.6 billion in new debt, seven times the amount they sold during the same period of last year. The last time they rolled out so much debt so quickly was in 2007, the year that Spain’s spectacular real estate bubble reached its climactic peak.

As Le Pen Odds Surge; French Stock Market Risk Hits 5-Year High, Credit Risk Spikes

As Le Pen Odds Surge; French Stock Market Risk Hits 5-Year High, Credit Risk Spikes

Marine Le Pen's French election victory odds reached their highest level of the campaign overnight and it appears global investors are starting to panic-bid protection against the consequences for French stocks...

Oddschecker indicates Le Pen's incessant rise in popularity...

 

And as Bloomberg notes, as the French prepare to choose their next president, investors are paying up to hedge against swings in the nation’s shares.

Soros: Banks Eliminating Cash To Usher In World Government

An insider who worked with billionaire George Soros claims that Soros is orchestrating the elimination of cash in order to usher in a “world government”.  According to former Soros colleague Jim Rogers, many governments around the world are already phasing out the use of cash which he says is all part of a move to advance the New World Order’s agenda. Infowars.com reports: “Governments are always looking out for themselves first, and it’s the same old thing that has been going on for hundreds of years,” he said during an interview with the MacroVoices Podcast.

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