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Frontrunning: April 5

  • Panama Papers: Biggest Banks Are Top Users of Offshore Services (WSJ)
  • Panama Papers probes opened, China limits access to news on leaks (Reuters)
  • Credit Suisse CEO Distances Bank From ‘Panama Papers’ (WSJ)
  • Fed's Evans says market more pessimistic on U.S. rate hikes (Reuters)
  • IMF's Lagarde Says Risks to Weak Global Recovery Are Increasing (BBG)
  • New U.S. inversion rules threaten Pfizer-Allergan deal (Reuters)
  • Time Is Running Out (Again) for Greece (BBG)

"Risk Off" - Global Stocks Slide As Yen Surges To 17 Month High; Bund Yields Plunge

"Risk Off" - Global Stocks Slide As Yen Surges To 17 Month High; Bund Yields Plunge

The market's slumberous levitation of the past month, in which yesterday's -0.3% drop was the second largest in 4 weeks and in which the market had gone for 15 consecutive days without a 1% S&P 500 move (in March 2015 the sasme streak ended at day 16) may be about to end, after an overnight session, the polar opposite of yesterday's smooth sailing, which has seen a sudden return of global risk off mood.

ISIS In Europe: How Deep Is The "Gray Zone"?

ISIS In Europe: How Deep Is The "Gray Zone"?

Submitted by Giulio Melli via The Gatestone Institute,

  • Among young European Muslims, support for suicide bombings range from 22% in Germany to 29% in Spain, 35% in Britain and 42% in France, according to a Pew poll. In the UK, one in five Muslims have sympathy for the Caliphate. Today more British Muslims join ISIS than the British army. In the Netherlands, a survey shows that the 80% of Dutch Turks see "nothing wrong" in ISIS.

It Is Now A Criminal Offence To Take A Screenshot With Your Phone

People who take a screenshot of their mobile phone may face up to 2-years in prison under strict laws in the UK.  Users caught screen-grabbing pictures on popular apps such as Snapchat, without the original owners consent, could be sued and face jail time, according to The Independent. British copyright law makes it illegal for anybody to copy an image and make it publicly available without explicit consent from the original owner. Activistpost.com reports: In addition, those caught saving and sharing ‘raunchy’ snaps could be looking at a much more serious crime.

Wikileaks Reveals IMF Plan To "Cause A Credit Event In Greece And Destabilize Europe"

Wikileaks Reveals IMF Plan To "Cause A Credit Event In Greece And Destabilize Europe"

One of the recurring concerns involving Europe's seemingly perpetual economic, financial and social crises, is that these have been largely  predetermined, "scripted" and deliberate acts.

This is something the former head of the Bank of England admitted one month ago when Mervyn King said that Europe's economic depression "is the result of "deliberate" policy choices made by EU elites.  It is also what AIG Banque strategist Bernard Connolly said back in 2008 when laying out "What Europe Wants"

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