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UBS Reveals Who Was Responsible For The Global Reflation

Over the weekend, New River CIO Eric Peters had a simple and concise summary for events over the past year: "Pretty much everything that happened in 2016 can be explained by two things; China and oil prices,” he said. “Literally, that’s it."

Today, thanks to a research report from UBS titled "Where is the epicentre of the reflation trade?", we have confirmation that Peters was spot on.

US Drops Largest Non-Nuclear Bomb For The First Time On ISIS In Afghanistan

At roughly 7pm local time, the United States military for the first time ever, used a GBU-43 bomb to target caves and tunnels in Aghanistan, denying operational space to ISIS, Sean Spicer said during a press briefing.

Assad: The Chemical Attack Is "100% Fabrication"

Following yesterday's icy meeting in Moscow between Rex Tillerson and Russian diplomat Sergey Lavron, the propaganda campaigns between the U.S., Syria and Russia seem to be ratcheting up to full force. 

Speaking with the BBC earlier this morning, Syrian President Bashar al-Assad said the U.S. account of the recent chemical weapons 'attack' in Syria was a "100% fabrication" which can only lead him to the conclusion that the West must be working "hand and glove with the terrorists."

Gross: "All Asset Prices Are Elevated To Artificial Levels"

Bill Gross' latest monthly outlook is divided into two sections: in the first, the world's former bond king provides a revealing glimpse into his mind courtesy of six brainteasers (with answers to questions such as "If forced to choose between killing your favorite pet or an anonymous human being, what would you do?"); in the second he goes back to his favorite topic: slamming the Trump growth narrative Can the Trump Agenda recreate 3% growth?

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