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Frontrunning: March 31

  • Roller-coaster first quarter ends with shares, dollar under pressure (Reuters)
  • Oil prices slide as U.S. crude stocks hit record (Reuters)
  • GE Files to End Fed Oversight After Shrinking GE Capital (WSJ)
  • FDA Eases Rules for Abortion Pill, Making Access Simpler (BBG)
  • Kremlin denies report of Russia-U.S. deal on Assad's future (Reuters)
  • Thirst for Gasoline Fuels Oil Rally (WSJ)
  • Landlords in last-minute rush to beat stamp duty rises (BBG)
  • CEO of SunEdison’s Spinoffs Leaves (WSJ)

On Final Day Of Extremely Volatile Quarter, Futures Trade Modestly Lower

On Final Day Of Extremely Volatile Quarter, Futures Trade Modestly Lower

On the last day of an extremely volatile first quarter, following the latest torrid push higher in risk assets over the past two days following Yellen's dovish Tuesday comments, today has seen a modest pull back in risk, whether because the market is massively overbought, because someone finally looked at what record multiple expansion that has taken place in Q1 as earnings are set to collapse by nearly 10%, or simply due to fears that tomorrow's payrolls number will show an abnormal amount of minimum wage waiters and bartenders added.

Governments Admit that Much of Modern History Has Been Manipulated By False Flag Attacks

Presidents, Prime Ministers, Congressmen, Generals, Spooks, Soldiers and Police ADMIT to False Flag Terror

In the following instances, officials in the government which carried out the attack (or seriously proposed an attack) admit to it, either orally, in writing, or through photographs or videos:

(1) As admitted by secret Russian police files that are part of the Hoover Institution’s archives, the Russian Tsar’s secret police set off bombs and killed people in order to blame and arrest labor agitators. And see this.

Trump’s Unpredictability Doctrine

Emma Ashford does a fine job summing up the flaws in Trump’s handling of foreign policy issues:

Indeed, it is nearly impossible to tell whether he actually believes these statements, or is simply monumentally ill-informed. Based on his comments to the Washington Post, Trump is apparently unaware of European sanctions on Russia, of the fact that Iran and ISIS oppose each other, and believes that America’s GDP is “essentially zero.”

Presenting, "The Company That Bribed The World"

Presenting, "The Company That Bribed The World"

This won't exactly come as a surprise: the global oil industry is corrupt

We are, after all, talking about the most financialized commodity in the history of the world, and up until a few years ago, it was controlled by a cartel comprised entirely of nations run by caricatures and stereotypes that the Western public generally regarded as a kind of necessary evil in a world that revolves around fossil fuels.

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