Following yesterday's torrid 2.4% March opening rally, which resulted in the biggest S&P gain since January and the best first day of March in history on what was initially seen as very bad news, and then reinterpreted as great news, overnight futures have taken a breather, and erased a modest overnight continuation rally to track the price of oil lower.
Authored by Brett Redmayne-Titley via ActivistPost.com,
“Tolerance and apathy are the last virtues of a dying society.” – Aristotle
it was just last Friday, when roughly at the same time that Dennis Gartman flipflopped to bullish (just as the rally stalled, and just before turning bearish again ahead of today's torrid rally) we reported that in what came as a surprise to us, that just as Jeff Gundlach was warning about the impending failure of central banks, the lack of a "bullish case for oil", about a bear market for stocks, and about an imminent surge in gold in early February, the DoubleLine manager was buying stocks.
Were you wondering what Alan Greenspan thinks about the outlook for monetary policy across the globe?
Neither were we, but Bloomberg was and Tom Keene and Mike McKee got the “privilege” of sitting down with the “maestro” on Monday afternoon to discuss a variety of topics including NIRP, which Greenspan says “warps investment behavior.”
While he isn’t willing to go so far as to condemn negative rates as “dangerous,” he does say the global race to the proverbial Keynesian bottom is “counterproductive.”
Submitted by Nima Gholam Ali Pour via The Gatestone Institute,
That Sweden is a "humanitarian superpower" is a myth that needs exposing once and for all. The recent migration wave to Sweden has made some people poor and others very, very rich. It is all about money, and it is about winners and losers.
If liberal journalists outside Sweden believe that rape is humanitarian, then Sweden has a humanitarian migration policy.