United States

After yesterday's algo-driven mad dash to close the S&P green both for the day and for the year following Fed minutes that came in shocking hawkish, the selling has continued overnight, led by the commodity complex as rate hike fears have pushed oil back down some 2% from yesterday's 7 month highs, which in turn has dragged global stocks lower to a six-week low, while pushing bond yields higher across developed nations as the market suddenly reprices the probability of a June/July rate hike.

Submitted by Eric Zuesse, investigative historian and author, most recently, of  They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of  CHRIST’S VENTRILOQUISTS: The Event that Created Christianity.

NATO Announces War Policy Against Russia

Traditionally, the best way to keep track of future military deployments - absent unexpected events, of course - has been to follow key procurement contracts from the U.S. Department of Defense of mission critical offensive wartime equipment such as weapons and ammo, or, less followed, core defensive components such as kevlar, body armor and other forms of core personal protective gear. These usually take place shortly prior to major "events" involving US armed forces.

The non-linearity of inflation psychology and the present danger of stagflation

Submitted by John Butler at GoldMoney Inc. The full report can be accessed here. 

Introduction

Submitted by Jeffrey Snider via Alhambra Investment Partners,