Sterling Slides As French President Rejects Brexit Delay

Amid yet another week of chaos in the Brexit debacle, cable just legged lower as Bloomberg reports that the French Presidency has warned that there will be “no Brexit extension if it’s simply to gain time.”

This could be just posturing of course but r…

read more

Pat Buchanan Asks: Who Spawned The Christchurch Killer?

Authored by Patrick Buchanan via Buchanan.org,

Last Friday, in Christchurch, New Zealand, one of the more civilized places on earth, 28-year-old Brenton Tarrant, an Australian, turned on his cellphone camera and set out to livestream his massacre of a…

read more

Core US Factory Orders Tumble For 3rd Straight Month

Having declined for two straight months, core factory orders were expected to rebound in (shutdown-delayed) January data, but it disappointed notably, dropping 0.2% MoM.

This is the longest streak of weakness in US core factory orders since Feb 2016…..

read more

European Banks’ Inescapable “Doom-Loop”

With Deutsche Brothers Bank on its back and Draghi flip-flopping back to his uber-dovish, yield-curve-collapsing alter-ego, Bloomberg’s Heather Burke details how European banks are caught in an under-performance ‘doom-loop’.

Via Bloomberg,

European…

read more

Palladium Panic-Bid To Record Highs As Putin Corners Market

Palladium soared to a new record high over $1600 an ounce overnight, up 27% year-to-date, as global supply concerns dominate slumping-auto-demand fears.

Palladium has become the precious-est of precious metals in 2019…

Up a stunning 89% from its …

read more

Brexit Hits Peak Absurdity And Bill Blain Explains It All

Blain’s Morning Porridge, submitted by Bill Blain

“I have not failed, I’ve just found another way that doesn’t work…”

For Non-British readers who are perhaps unfamiliar with the complexities of British Parliamentary procedure and don’t understand…

read more

Expensive & Expansive NATO Celebrates Two Anniversaries

Authored by Brian Cloughley via The Strategic Culture Foundation,

“I never asked once what the new NATO headquarters cost. I refuse to do that, but it is beautiful.” — President Trump

According to NATO, the cost of its new building was 1.1 billi…

read more

Philippines rejects Go-Jek appeal against licence ban

MANILA: Indonesian ride-hailing firm Go-Jek lost an appeal on Tuesday against the Philippines’ decision to refuse to grant it a licence due to its failure to meet local ownership criteria, in a major blow to its Southeast Asia expansion plans.

read more