Submitted by Michael Shedlock via MishTalk.com,
Irreconcilable Positions
Greece owes the Troika over €11 billion in bailout repayments through the end of July. Greece is unable make those payments unless the Troika releases the funds.
Position 1: “We need a big debt restructuring, no more kicking the can,” says Greece’s Minister of State.
Submitted by Alasdair Macloed via GoldMoney.com,
There is a growing fear in financial and monetary circles that there is something deeply wrong with the global economy. Publicly, officials and practitioners alike have become confused by policy failures, and privately, occasionally even downright pessimistic, at a loss to see a statist solution. It is hardly exaggerating to say there is a growing feeling of impending doom.
In yet another paradoxical move that will leave many scratching their heads, just days after throwing in the towel on its bullish dollar call (now that it expects far less rate hikes over the next year), Goldman moments ago announced that it is also cutting back on its longer-term oil price forecasts (which paradoxically are linked to a stronger dollar) for the coming year, as a result of a rebalancing that is taking far longer to take place than previously anticipated.
This is how Goldman explains its bearish pivot on crude:
The following comprehensive analysis of current market risks and concerns, represents one of the better summary assessments by both Brean Capital's Russ Certo as well as Bloomberg's market analysis team, of not only why there seems to be an increasingly more tangible sense of gloom covering global capital markets, but also why investors are increasingly withdrawing from risk, leaving central banks to duke it out among themselves.
Traders Pull ‘Singed Fingertips’ From Markets as Risks Escalate
Submitted by IceCap Asset Management: April 2016 Letter to Investors
Revenge of the Risotto