More EU integration Inevitable: Mercron will be forced to federal EU or eurozone will die

Angela Merkel and Emmanuel Macron

German chancellor Angela Merkel and new French president Emmanuel Macron [GETTY]

 

THE European Union single currency will only survive through even GREATER integrations, analysts have warned.

Eurozone nations will have to find ways of working more closely together despite growing anti-EU sentiment in some countries and the fallout from Brexit.

Analyst Antonio Barroso, managing director at Teneo Intelligence, told CNBC: “I think further integration is inevitable, especially if member states want to make the euro zone sustainable in the long term. Continue reading

Xi wants Japan in AIIB as Beijing and Tokyo mend fences

Toshihiro Nikai, secretary-general of Japan’s Liberal Democratic Party, left, and Chinese President Xi Jinping at a meeting in Beijing on May 16. © Kyodo

 

Abe government may reconsider membership in China-led investment bank

TOKYO — Japan could reopen talks on whether to join the China-led Asian Infrastructure Investment Bank, a senior lawmaker signaled Tuesday after meeting with Chinese President Xi Jinping to discuss improving bilateral ties.

Toshihiro Nikai, secretary-general of Japan’s ruling Liberal Democratic Party, did not discuss the matter with Xi directly during the pair’s 17-minute talk in Beijing on Tuesday, which was concerned mainly with the possibility of Chinese leaders including Xi visiting Japan and Prime Minister Shinzo Abe visiting China. But Nikai told a news conference afterward that he would discuss the matter thoroughly with Abe when he returns home. Continue reading

“Sell Everything Now” David Stockman Warns, America Faces “Total Disaster…Partisan Warfare”

Please see the source for the video.

 

“Under a Trump victory, all bets are off,” warns former Director of the Office of Management and Budget under President Ronald Reagan, David Stockman. “I like [Trump] because he’s against the establishment, but he has no economic program. Yes, he’s a disruptor, but has nothing to disrupt with,” Stockman told CNBC, “if elected, it will be partisan warfare and a total disaster.”

“The markets are hideously inflated… If you don’t sell before the election, certainly do it afterwards. Government is going to be totally paralyzed regardless of who wins… There could be a 25 percent draw down on markets.” Continue reading

Alan Greenspan says British break from EU ‘is just the tip of the iceberg’

 

Former Fed Chairman Alan Greenspan told CNBC on Friday the U.K. vote to leave the European Union ushers in a period that’s even worse than the darkest days of October 1987.

Britons voted by 51.9 percent to quit the 28-country union, shocking markets that had priced in a win for the remain camp.

“This is the worst period, I recall since I’ve been in public service,” Greenspan said on “Squawk on the Street.” Continue reading

German 10-year sovereign bond yields turn negative for first time

 Video commentary available at the source.

 

The yield on the 10-year benchmark German bund fell into negative territory for the first time ever on Tuesday morning, amid global growth concerns and jitters over the U.K.’s upcoming referendum on its European Union membership.

At around 8.30 a.m. London time, the yield hit zero and briefly fell into negative territory as investors continued to flock to safe-haven assets. Bond prices and yields move in opposite directions and a negative yield implies that investors are effectively paying the German government for the privilege of parking their cash.

Continue reading

Alan Greenspan: This is ‘extremely dangerous’

Please see the website source for the video.

 

While markets hone in on the Federal Reserve’s monetary policy hints, former Fed Chairman Alan Greenspan sees a bigger economic irritant—government spending.

On Wednesday, Greenspan decried a rise in entitlement costs, which he contended have pressured the U.S. economy.

Continue reading

Syrian Electronic Army Claims Hack of Army Website

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The Army’s official website was inaccessible Monday afternoon.

Hackers affiliated with Syrian President Bashar al-Assad swiftly claimed responsibility for taking down the U.S. Army’s website Monday afternoon.

The Syrian Electronic Army took credit for the apparent hack of Army.mil on Twitter, posting a screenshot of an image of the site with the pop-up message reading: “Your commanders admit they are training the people they have sent you to die fighting.” Continue reading

Yardeni: Markets all rigged, it is what it is

The stock market is “rigged,” but that’s not necessarily a bad thing, strategist Ed Yardeni said Thursday, a day after the latest dovish signal from the Federal Reserve.

“I love these central bankers, they’ve been very good to the stock market,” the president of Yardeni Research said in an interview on CNBC’s “Halftime Report.” Continue reading

Gallup CEO: I May “Suddenly Disappear” For Telling Truth About Obama Unemployment Rate (Video)

Please see the source link for the video, which unfortunately cannot be posted due to compatibility issues. Jim Clifton’s original article can be found HERE.

 

Gallup CEO Jim Clifton told CNBC he might “suddenly disappear” for telling the truth about the Obama unemployment rate. Continue reading

Fmr. Obama Official: Iran Will Now ‘Reap the Benefits’ While Having to Make No Concessions

 

Former Obama official Jeremy Bash spoke on CNBC regarding the recent failed talks with Iran, and how Iran came out the winner with a deadline extension.

Continue reading

Charles Nenner — Who’s Been Warning Of Market Collapses For Years — Warns A ‘Major Collapse’ Is Coming In 2018

Charles Nenner, who has claimed to have never been wrong on a market call, appeared on CNBC and warned that deflation and a stock market crash both coming.

Nenner, who developed the “Nenner cycle,” which he says can time the ups and downs of any market, said on CNBC that “for the next many years, you will not see the S&P more than 5% higher than [current levels.]”

But he warns this period of low returns will be followed years of large losses. Continue reading

Citigroup’s Schofield: Global Economy ‘May Be Heading Into Grumbling Discontent’

While the turmoil surrounding Ukraine wasn’t enough to derail a strong U.S. stock rally, the East-West conflict could bode ill for the global economy, says Mark Schofield, head of interest rate strategy at Citigroup.

“All-in-all, it feels as if we may be heading into a summer of grumbling discontent, rather than the steady and progressive U.S.-led recovery that had become the consensus view around the start of the year,” Schofield writes in a commentary obtained by CNBC. Continue reading

Target Hack Was Just the Tip of the Iceberg

There was a startling revelation from Senator Mark Warner. Basically, he admitted that there was more to the hacking of 100-million+ Americans credit cards than meets the eye. Here are some comments from CNBC:

Transcript:  ”In all this, we got a hint yesterday from senator Mark Warner from Virginia who suggested that U.S. Intelligence knows a lot more about this hack attack problem than it can say publicly. Take a listen to Mark Warner yesterday –‘Quite honestly, I think we’re going to see and I know from my role in the intel community this is a crime that happens daily to financial institutions, retailers at a level that frankly, if most Americans realized, I think would find rather confounding.’ So, Warner suggesting there that U.S. Intelligence knows more about this than American consumers do.”

Now, pair this statement regarding Target with comments from General Keith Alexander on 60 Minutes as reported in Forbes: Continue reading

Taper or no taper, the Fed will never end QE: Marc Faber

“The Fed will never end QE for good,” the editor and publisher of the Gloom, Boom & Doom report said Tuesday on CNBC’s “Futures Now.” “They will continue because these programs, once they’re introduced, usually keep on going.”

The Fed will announce its decision at 12:30 p.m. EST on Wednesday, and Fed Chairman Ben Bernanke will follow that up with a 2:30 p.m. news conference. Expectations for the meeting are mixed, but more that 50 percent of Wall Streeters expect the Fed to taper its QE program in either December or January, according to the CNBC Fed Survey. As economic data have improved, many investors are guessing that the Fed no longer considers QE to be as vital as before.

But Faber said the good times cannot last. Continue reading

Faber: We’re In a Worse Position Than 2008

A credit boom in countries such as China means that the world is in a worse position than it was in 2008 when a global financial crisis tipped the world into recession, Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, told CNBC.

“If I am telling you that we had a credit crisis in 2008 because we had too much credit in the economy, then there is that much more credit as a percent of the economy now,” Faber said. Continue reading