Martin Armstrong Frames the Issue
Famous market forecaster Martin Armstrong wrote a recent article describing the current situation in Europe. Similar to our article, “Trouble Brewing in the EU”, the Armstrong's piece discusses growing discontent and fractures in the E.U. Martin Armstrong observes that,
Submitted by Shaun Bradley via TheAntiMedia.org,
In the shadow of Donald Trump’s spree of controversial actions, the European commission has quietly launched the next offensive in the war on cash. These unelected bureaucrats have boldly asserted their intention to crack down on paper transactions across the E.U. and solidify a trend that has been gaining momentum for years.
A curious dichotomy has emerged in global fund flows.
According to the latest flow report from BofA's Michael Hartnett, "it's risk-on in Bonds, it's inflation-on in Stocks, and EM is now playing role of cyclical catch-up trade." In short, in the last week the Trump Trade has emerged from the dormancy in which it had faded for the past month.
But when one looks at where the money is flowing, it is going everywhere except where one would expect, as US stocks continue to be shunned, based on EPFR data.
Here are the details.
A British high court has rejected an appeal by government lawyers to withhold compensation payments to children who developed narcolepsy as a result of a swine flu vaccine. Around six million people in Britain were given the Pandemrix vaccine made by GlaxoSmithKline during the so called swine flu pandemic in 2009-2010… however the vaccines were withdrawn after doctors noticed a sharp rise in narcolepsy among those who received it.
Update: It appears expectations of an imminent deal may be premature, because this just hit the tape:
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In a welcome sign the latest conflict between the troubled Greece's lenders may be thawing, Reuters reports that Euro zone creditors and the International Monetary Fund have agreed between themselves to present a common stance to Greece later on Friday in talks on reforms and the fiscal path Athens must take, euro zone officials said.