Is That Armageddon Over The Horizon?
Paul Craig Roberts
The insouciance of the Western world is extraordinary. It is not only Americans who permit themselves to be brainwashed by CNN, MSNBC, NPR, the New York Times and Washington Post, but also their counterparts in Europe, Canada, Australia, and Japan, who rely on the war propaganda machine that poses as a media. http://www.bbc.com/news/world-us-canada-39573526
S&P futures are unchanged and Asian stocks closed mixed, however European stocks rebounded for first time this week, led by auto stocks after Daimler’s quarterly profit, as a break in alarming political news prompted traders to "swoop" - as Reuters puts it - on equities, cooling a safe-haven rally that saw the yen and gold at five-month highs and global government bond yields to drop their lowest this year.
After a period of several weeks in which Bloomberg's macro/FX commentator Richard Breslow took a tentative gamble on the skeptical, if not outright bearish, side in this morning's note the former FX trader has shifted his outlook to a modestly more bullish one, cautioning that in light of recent events, "too many commentators have fallen into the “everything is binary” trap and decided that if you assume each event will end badly, there’s material to turn out a good rant.
Authored by Mike Shedlock via MishTalk.com,
The most recent French election polls remain very tight. Four candidates have a genuine shot at making it to the final round.
The first round vote is on April 23. Yet, a huge percentage of voters still have not made up their minds who to vote for.
Another 32% to 37% plan on sitting the election out or purposely spoiling their ballot.