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Greek Bond Yields Tumble After Euro Zone, IMF Agree On "Common Stance"

Greek Bond Yields Tumble After Euro Zone, IMF Agree On "Common Stance"

Update: It appears expectations of an imminent deal may be premature, because this just hit the tape:

  • GREEK OFFICIAL SAYS NO BAILOUT DEAL EXPECTED IN MEETING TODAY.

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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. 

The Chart Larry Fink Thinks Is "Horrifying"

The Chart Larry Fink Thinks Is "Horrifying"

This is the chart that "horrifies" the CEO of the world's largest asset manager. This is the chart that has Larry Fink "seeing dark shadows in the market." Given the average investor's mainstream-media-trained hive-mind, we suspect some will be surprised by his choice...

As we detailed yesterday, "I see a lot of dark shadows," Fink said at the Yahoo event quoted by Reuters. "The markets are probably ahead of themselves."

Grant Williams: The Death Of The Petrodollar, And What Comes After

Grant Williams: The Death Of The Petrodollar, And What Comes After

In December, Grant Williams, author of "Things That Make You Go Hmm..." offered the most comprehensive analysis yet of the rise and inevitable fall of the petrodollar (and implicitly US hegemony). In the following presentation, from Mines & Money Conference in London in December 2016, Williams focuses on gold's performance in 2016, the reaction to Donald Trump's election and joins a series of dots that may lead to the end of the petrodollar system and a new place for gold in the global monetary system.

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