Markets.......
Global bonds jumped $421bn in value this wk to $45.8trn, highest since Trump election, in kind of bond conundrum given that econ data was OK
Global stocks gained $402bn in mkt cap this wk, equals to GDP of Norway, as reflation trade continues. Global value of >$70tn shy of record.
Credit Bubble Bulletin: Weekly Commentary: Risk On/Risk Off Face-off http://creditbubblebulletin.blogspot.com/2017/02/weekly-commentary-risk-onrisk-off.html?spref=tw …
Doug Noland's insightful Weekly Commentary.
Mark O'Byrne
The Great Divergence in bond yields between 2 countries (US & Germany) with similar GDP/Inflation stats... #Draghi
Global yields falling this week...
US: 2.31%
UK: 1.08%
Germany: 0.19%
Japan: 0.07%
Europe......
Fitch estimates that #Greece recorded a primary surplus of 2.5% of GDP in 2016, which should make the 2017 target of 1.75% easier to achieve
Bank of Greece: Deal, or momentum is lost http://dlvr.it/NSvPgR
Athens expects increased tensions with Ankara to last until 2019 Turkish elections.
France......
France opens full inquiry into candidate Fillon giving wife, children fake jobs http://jtim.es/4Xo7309lnB8
French prosecutors open criminal case into Fillon's 'fake jobs' scandal http://f24.my/2lCRWap
Whoa, deja vu: FRENCH PRESIDENTIAL CANDIDATE FILLON'S LAWYERS REITERATE THEIR CRITICISM OF LEGAL PROBE, SAY LEAKS WERE UNACCEPTABLE
As Flassbeck warned: there's a need in Europe to stand up to Germany, fear is that it will be Le Pen who will do it.
Marine Le Pen is winning over some of the female voters who feel left behind in France http://bloom.bg/2lPiZjg
EUROPEAN UNION: German foreign ministry official says Le Pen victory in French presidential election would be a 'death blow' to the EU
VIDEO - France Presidential Race: what is Emmanuel Macron economic program? http://f24.my/2mkqpJn
Macron’s economic platform echoes Hollande’s, French economist says http://f24.my/2l8TWnp
UK.....
He's "deeply concerned that Labour is further from power than at any stage in my lifetime."
The Maastricht treaty promised European economic convergence. It hasn't happened http://bloom.bg/2lPJDc7
PA: The Remain campaign outspent Leave by a margin of more than £5 million in last year's EU referendum
Sebastian Payne
Good morning! The Tories by-election boost in Copeland is a humiliation for Labour - my overnight @FT take https://www.ft.com/content/46bf968c-fa49-11e6-bd4e-68d53499ed71 … pic.twitter.com/Pu8CBWC9cn
US Politics.....
I will not be attending the White House Correspondents' Association Dinner this year. Please wish everyone well and have a great evening!
Congratulations to Thomas Perez, who has just been named Chairman of the DNC. I could not be happier for him, or for the Republican Party!
Great optimism for future of U.S. business, AND JOBS, with the DOW having an 11th straight record close. Big tax & regulation cuts coming!
The media has not reported that the National Debt in my first month went down by $12 billion vs a $200 billion increase in Obama first mo.
FAKE NEWS media knowingly doesn't tell the truth. A great danger to our country. The failing @nytimes has become a joke. Likewise @CNN. Sad!
Very , very interesting reading and not just the Saudi angle.
Trump administration cancels back-channel talks with North Korea, @JanePerlez writes.
#BREAKING: WH rejects Homeland Security report that travel ban countries don't pose special threat: report http://hill.cm/l6GQYgi
Democrat Party Chair race to be decided today...
BREAKING: Former Labor Secretary Tom Perez has been elected chair of the Democratic National Committee. #DNCchair
Final ballot results for #DNCChair:
Perez 235
Ellison 200
Minnesota Rep. Keith Ellison becomes Deputy Chair of the Democratic National Committee after a motion for Tom Perez and a vote from the DNC.
A bit of a surprise. Tom Perez almost won on first ballot - literally fell short by one vote.
Brazile says she's abstaining so there should be a total of 441 votes if every member (and proxy) casts a ballot. #DNCchair
Ballots getting passed out now at the DNC meeting in Atlanta. #DNCchair
No magic number in DNC Chair race because need majority of CAST ballots. Will depend who shows up, who's out sick, who's in the bathroom...
All seven candidates for #DNCChair stay in the race for the first two ballots. On each subsequent ballot, last place gets kicked off.
DNC folks say they expect about 45 minutes between each ballot and announcing its result. (They need to count and verify proxy ballots.)
Chris Sununu asked the White House for evidence of widespread voter fraud that President Trump claims took place during the 2016 election.
Ex-VP Cheney introduced @VP Pence in Vegas at annual Republican Jewish Coalition mtg. Cheney joked no one in room can name all past VPs.
TRUMP SATURDAY and SUNDAY:
--no public events today
--attends the Governors' Ball at the White House the first lady is hosting.
Trump to meet with top health insurance execs Monday http://hill.cm/BwShbgS
Dem senator goes on tweetstorm over leaked ObamaCare repeal plan http://hill.cm/qlCSxQc
Said it in 2009 & again today: Inappropriate for any White House to decide which news outlets are acceptable.
Fox's Bret Baier rips White House after outlets barred from briefing http://hill.cm/kzOEnGH
Pence said US still "assessing” whether to move US embassy in Israel from Tel Aviv to Jerusalem, per @McCormickJohn.
Judge won't dismiss Bergdahl case over Trump comments http://hill.cm/r6O3e7a
GOP lawmaker: Sessions should recuse himself from any Russia probes http://hill.cm/cKX3KLc
GOP grapples with how to handle town halls http://hill.cm/LPNHKRj
"I will leave the Democrats if Keith Ellison is elected its chairman" http://hill.cm/DlP09qK
Former press secretary to George W. Bush defends WH decision to exclude outlets from briefing http://hill.cm/g9I1o6W
Mike Pence, once again, condemns the attacks at Jewish sites this week:
"Hatred and anti-Semitism have no place in America."
As usual, White House publishes transcript of Sean Spicer briefing, even though it was an untelevised gaggle today.
H. R. McMaster, told NSC staff at “all hands” meeting , label “radical Islamic terrorism” was not helpful b/c terrorists are “un-Islamic.”
Most Americans continue to oppose U.S. border wall, doubt Mexico would pay for it
German discussion on response to US protectionism...
Mexico plans response to border tax by US...
Defense Secretary Mattis has been everything Trump skeptics hoped for
Bloomberg cancels White House Correspondents Association dinner after-party
Democrats are in denial on immigration
Democratic hopefuls already thinking about 2020 - With the Clinton’s presumably out of the race in 2020, the fi...
BREAKING: Homeland Security intelligence report disputes threat posed by citizens of 7 nations in Trump travel ban.
Key findings from DHS document https://assets.documentcloud.org/documents/3474730/DHS-intelligence-document-on-President-Donald.pdf …
And the raw numbers
Full text: Executive Order on Enforcing the Regulatory Reform Agenda
Odds & Ends.....
Libya....
Venezuela, Libya again lose UN vote rights over dues debts - Hawaii News Now
In 30 seconds I explained why the EU-Libya deal on migrations is a bad idea
Presidency Council announces ceasefire deal among warring Tripoli militias -
Iraq.....
Oil Ministry said another oil well fire put out in Qayara Only 3 still burning Set on fire by retreating IS http://musingsoniraq.blogspot.com/2017/02/mosul-campaign-day-130-feb-24-2017.html …
An interesting turn of events with the Saudi FM visiting baghdad for the first time in decades. Friendly talks between both countries
Developing story - cause of death linked to IED...
Mosul Update : 25/2/2017 04:00 PM
Green : Liberated
Red : Clash Zone
Black : ISIL Control
Very curious.....
Curious.....
Iraqi Day @iraqi_day
Reference to this tweet finally got a good video that shows the parachutes that dropped over a Tal Afar.
Video in the next tweet.
A picture taken from east #Mosul for the ongoing operations in west of Mosul and Al-Jawseq neighborhood neat the airport.
Syria.....
U.S. military aid and armored vehicles have been sent to SDF in northern Syria, according to reports.
#Syria Update: US military pushes back #Turkey - both #Kurds and Arabs needed to take #ISIS-held Raqqa http://eaworldview.com/2017/02/syria-daily-russia-to-veto-un-resolution-on-chemical-weapons/#kurds …
Peto Lucem@PetoLucem
China.....
China urges the UK to stop interfering in #HongKong affairs, says FM, after the UK govt released the Report to Parliament on Hong Kong
There are 192 P2P Lending Platforms in China went under this year out of 1,894 operating platforms.
China is developing its own digital currency http://bloom.bg/2mnqTyr
Trump called China the 'grand champion' of currency manipulation — and China struck back http://read.bi/2mjJjQj
North Korea....
North Korea warned to cooperate with investigation into killing of Kim Jong Nam with nerve agent http://nbcnews.to/2kWA6Az pic.twitter.com/ElZocUc5t2
North Korea evades sanctions with network of overseas companies: U.N. report http://reut.rs/2mvmI2u
"North Korea has sent a very clear message to the world that it will strike its enemies anywhere in the world" http://nyti.ms/2liuJrC
North Korea accuses China of "dancing to the tune of the US" over its decision to ban coal imports http://cnn.it/2mk4wtN
Malaysia's considering
Expelling North Korea's envoy
Shutting its embassy in NK
Declaring Ambassador "persona non grata"
#KimJongNam murder
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