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US Navy Patent Provides Stealth Using Quantum Entanglement

The U.S. government is to patent a new quantum photonic imaging device that will detect anything underwater while providing unprecedented stealth for its submarines. Currently, submarines travelling through Arctic waters have to use gyroscopes and accelerometers to measure the motion and rotation of the vehicle in order to estimate the current position, orientation and velocity of another submarine – as GPS signals are unable to reach underwater.

Back to the Future on Foreign Policy

The nuances of foreign policy do not feature heavily in the ongoing presidential campaign. Every candidate intends to “destroy” the Islamic State; each has concerns about Russian President Vladimir Putin, North Korea, and China; every one of them will defend Israel; and no one wants to talk much about anything else—except, in the case of the Republicans, who rattle their sabers against Iran.

Frontrunning: March 17

  • Global Stocks Slip Following Fed’s Cautious Tone (WSJ)
  • Oil rallies towards $41, near 2016 high, on producer meeting (Reuters)
  • Hamptons luxury home sales soften as Wall Street weakness takes a toll (Reuters)
  • Obama picks centrist high court nominee; Republicans unmoved (Reuters)
  • Allies See Challenges for Hillary Clinton in a General Election Campaign (WSJ)
  • China’s Looming Currency Crisis (WSJ)
  • China's biggest metals trader under pressure to cut staff amid reforms (BBG)

Another Fed "Policy Error"? Dollar And Yields Tumble, Stocks Slide, Gold Jumps

Yesterday when summarizing the Fed's action we said that in its latest dovish announcement which has sent the USD to a five month low, the Fed clearly sided with China which desperately want a stronger dollar to which it is pegged (reflected promptly in the Yuan's stronger fixing overnight) at the expense of Europe and Japan, both of which want the USD weaker.

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