Europe

Authored by Mike Shedlock via MishTalk.com,

Project Syndicate writer, Hans-Werner Sinn, explains why the ECB’s asset purchases and Target2 imbalances constitute “Europe’s Secret Bailout”.

Under the ECB’s QE program, which started in March 2015, eurozone members’ central banks buy private market securities for €1.74 trillion ($1.84 trillion), with more than €1.4 trillion to be used to purchase their own countries’ government debt.

 

Authored by Finian Cunningham via The Strategic Culture Foundation,

Russian President Vladimir Putin addressed the International Arctic Forum this week on the real and present dangers from falsifying history. He said such deliberate distortion of history erodes international law and order, creating chaos and leading to further conflict.

Authored by Paul Craig Roberts,

Authored by Srdja Trifkovic via The Strategic Culture Foundation,

There is a paranoid, hysterical quality to the public discourse on Russia and all things Russian in today’s America.  The corporate media machine and its Deep State handlers have abdicated reason and common decency in favor of raw hate and fear-mongering.  We have not seen anything like it before, even in the darkest days of the Cold War.

Most of the results are in, and while it remains close, Macron will likely be the winner of the first French presidential round and is set to face Marine Le Pen in the runoff.

What does that mean for various asset markets and the bigger macro picture?  Here are two forecasts, just released from Goldman and Citi.

First, Goldman Sachs: