Europe

Submitted by Alex Newman via The new American (h/t Brandon Smith),

Elect The Warmonger Killary And You Will Have Victoria Nuland As Secretary Of State Says David Stockman And The Result Will Be World War III Says PCR

Submitted by Lance Roberts via RealInvestmentAdvice.com,

This past week, the big news for the market was the release of the April 27th FOMC minutes which once again suggested the Federal Reserve may be on a path to hike rates sooner rather than later. The reality is simple, with the markets hovering on critical support, a Presidential election just around the corner and no real evidence of economic recovery, the likelihood of a rate hike in June is approaching zero.

Here are some key highlights from the meeting minutes:

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   "I've been coming to Singapore once a year for the last 15 years, and flying in I have never seen the waters so full of idle tankers,"

   - Senior European oil trader a day after arriving in the city-state.

Back in November, when the world-record crude inventory glut was still in its early innings, we showed what we then thought was a disturbing image of dozens of oil tankers on anchor near the US oil hub of Galveston, TX, unwilling to unload their cargo at what the owners of the oil thought was too low prices.