presidential election

Submitted by Jim Quinn via The Burning Platform blog,

Via Disobedient Media

It took just a few months for Disobedient Media to go from a sleepy news outlet to apparently garnering the attention of multiple power brokers on the global stage.

On Friday, after it emerged that as part of Marine Le Pen's strategic vision for France, should she win, is a return to the French franc as well as redenomination of some €1.7 billion in French (non-international law) bonds, both rating agencies and economists sounded the alarm, warning it would "amount to the largest sovereign default on record, nearly 10 times larger than the €200bn Greek debt restructuring in 2012, threatening chaos to the world financial system on top of the collapse of the single currency."

• 'Trump trades' on boost to economic growth come back with a bang (Reuters)
• Trump's national security adviser Flynn trying to survive crisis (Reuters)
• White House Is Sifting Options on Immigration Ban (WSJ)
• North Korean Nuclear Ambitions to Be Defining Issue for Trump (BBG)
• Netanyahu opposes Palestinian state, Israeli minister says ahead of U.S. visit (Reuters)
• Speed Limits on Trump’s Infrastructure Drive: Federal Laws, Rare Species and Nimbys (WSJ)
• Germany’s New Trump-Critic President Sees Stormy U.S. Ties Ahead (BBG)

European and Asian stocks, S&P futures, bond yields, the dollar and commodity metals are rose, in some cases making new all time highs, lifted by the latest reemergence of the "Trump trades" as hopeful investors once again bet that the U.S. president's tax reform plans will boost economic growth and corporate profits, despite another warning from Goldman that the president's fiscal plan is about to be derailed.