Trump says South Korea will make major announcement on North Korea

Washington (CNN) President Donald Trump told reporters Thursday that South Korea will make a “major announcement” concerning North Korea at 7 p.m. ET.

It was not immediately clear what the South Korean announcement would entail, but it came after a South Korean delegation came to the White House to brief officials on its most recent talks with North Korea — the most significant talks between the two countries in more than a decade.

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Fait Accompli: Bad Iran deal coming and in fact has already been decided

The joint statement by Secretary of State Kerry and Iranian Foreign Minister Zarif that there will be no extension of the talks between the six powers and Iran past the most recent deadline of March 24th means only one thing: a deal has been reached between the U.S. and Iran, which will be announced to the other five participants when the Obama Administration decides it is convenient to do so.

This is the way this administration operates. Continue reading

ECB launches bigger-than-expected QE program

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European Central Bank (ECB) President Mario Draghi has announced the launch of an expanded monthly 60 billion euro ($70 billion) private and public bond-buying program that will last until at least September 2016.

The long-anticipated asset-purchasing program—touted as the euro zone’s answer to the U.S. Federal Reserve’s quantitative easing (QE) programs—will start this March, Draghi told reporters at his regular media conference on Thursday. Continue reading

Bank of Japan opens fire in currency wars

While the Federal Reserve under Ben Bernanke is holding off on additional quantitative easing measures, across the Pacific the Bank of Japan has initiated a new round of asset buying.

According to the Financial Times , the Bank of Japan has announced that more quantitative easing is being implemented in the island nation due to “slowing growth and persistent deflationary forces in the world’s largest economy.”

In the new round, the Bank of Japan will buy $61 billion of assets to inject greater liquidity into the economy as the “lost decade” lingers years longer than its name implies. In addition to the asset buying, the Bank of Japan is maintaining interest rates between zero and 0.1% .

With the recent move by China to relax controls on the yuan, currency devaluations continue to be implemented as a Keynesian response to recession by governments and central banks around the world.

Full article: Bank of Japan opens fire in currency wars (NASDAQ)