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Bill Gross: The Collapse Of Valeant Is A Preview Of The Failure Of Global Monetary Policy

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By Tyler Durden

Back in November, before the full extent of the Valeant fraud would start to become apparent as it has in recent weeks sending the stock to 6 year lows (there is much more to come now that the company is now engaged in a mudslinging campaign with its former CFO and its formerly biggest Wall Street backer, Goldman Sachs), we explained the Valeant phenomenon simply by writing that “in today’s broken markets and corrupt regime of central bank driven crony capitalism bubbles inflate in individual securities, as well as in broad sectors (e.g. biotech, social media and junk bonds) and the market as a whole, until they reach egregious, self-correcting extremes. Then they violently implode, creating immense waves of collateral damage in the process.”

Since then Valeant violently imploded.

In retrospect, we were right, and today none other than Bill Gross confirms that what happened at Valeant is merely a preview of what is going on with the entire global monetary phenomenon. To wit:

Gross: Valeant biz model was based on leverage and fincl. engineering. At the extreme it mirrors global monetary policy and their economies.

— Janus Capital (@JanusCapital) March 22, 2016

Valeant imploded and it will ultimately end up insolvent and in liquidation. The global economies, supported with ever more tangible desperation by their central banks, will not avoid the same fate.

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Source: Bill Gross: The Collapse Of Valeant Is A Preview Of The Failure Of Global Monetary Policy

    

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Trump Calls For Waterboarding And "A Lot More," Clinton Says Torture "Not Effective"

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By Tyler Durden

Earlier today, Donald Trump phoned into Fox News and delivered his initial reaction to this morning’s tragic events in Belgium where dozens of people were killed in a series of terrorist attacks on the Brussels airport and Maelbeek metro station.

Needless to say, these type of catastrophes play right into Trump’s hands. That’s not to say he isn’t genuinely perturbed and/or saddened by what happened. He probably is. But Trump has repeatedly proven to be far more savvy politically than anyone gives him credit for and one rule in politics is that you never, ever let a good crisis go to waste. Especially when your message is border security and the crisis in question has a definitive connection to migration.

“We cannot let these people into our country,” Trump told Fox, referencing Muslims, who he says are “having a hard time assimilating” into Western society. “They have to let people know when they see people making bombs on the first floor of an apartment,” he added for emphasis, in an apparent reference to the home of Syed Farook and Tashfeen Malik in San Bernardino.

For Trump, Tuesday’s attacks are partial vindication of comments he made in January about Belgium. The GOP frontrunner called Brussels a “hellhole” after the international media picked up on the fact that the Muslim enclave of Molenbeek was used as a staging ground for the attacks in Paris. “If you went into Brussels 20 years ago, it was like a magical city,” he said this morning. “Not anymore,” a twitter post reads.

Last week, Paris fugitive Salah Abdeslam was captured in Molenbeek after a firefight with police. Authorities contended that Abdeslam would provide officials with a wealth of information about Islamic State. You can expect Tuesday’s attacks to be trotted out by critics as evidence that whatever interrogation tactics are being used on terrorists in the post-Abu Ghraib world aren’t working. Or aren’t working fast enough.

“Waterboarding would be fine and if they could expand the laws, I would do a lot more than waterboarding,” Trump said Tuesday morning on NBC’s Today, adding authorities “should be able to do whatever they have to do.”

“Do you think suspects give useful rather than false information [when tortured],” NBC asked. “I’m in that camp,” the Republican frontrunner responded.

Listen, he continued, “you have to get the information and you have to get it rapidly.”

Trump didn’t elaborate on what “a lot more than waterboarding” meant, and he did acknowledge that some “laws” around interrogation should be upheld. Still, “liberal” views on torture are holding back terror investigations, he contended.

Other presidential hopefuls weighed in on Tuesday as well. For her part, Hillary Clinton called Trump’s suggestion that if something akin to Brussels were to happen in the US he would close the borders “unrealistic.” That would stop commerce for example and that’s not in anybody’s interest,” she told NBC.

These terrorists seek to undermine the democratic values that are the …read more

Source: Trump Calls For Waterboarding And "A Lot More," Clinton Says Torture "Not Effective"

    

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President Obama Addresses Cuban Freedom & Belgian Martial Law – Live Feed

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By Tyler Durden

Following yesterday’s awkward press conference, democracy-enforcing President Obama is set to address the Cuban people (living under a dictatorship). We are sure the Nobel-peace-prize winner will offer hope for ‘freedom’, suggest ‘change’ is coming, and downplay any fiction-peddlers. Of course, given the atrocities in Belgium we assume he will also address the lockdown and removal of personal freedom underway in Brussels also.

Live feed (Obama is due to speak at 1010ET)…

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Source: President Obama Addresses Cuban Freedom & Belgian Martial Law – Live Feed

    

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Starbucks to donate 100% of unsold food in America

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Starbucks CEO Howard Schultz said the company will start donating all of its unused food.

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Source: Starbucks to donate 100% of unsold food in America

    

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Stock markets fall after blasts in Brussels

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for latest details.

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Source: Stock markets fall after blasts in Brussels

    

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Facebook activates Safety Check after Brussels attacks

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Facebook has activated its Safety Check feature, so people in Brussels can let loved ones know they’re okay.

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Source: Facebook activates Safety Check after Brussels attacks

    

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Travel stocks drop after explosions

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Investors dumped shares in European travel companies Tuesday after yet another attack on a major capital city.

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Source: Travel stocks drop after explosions

    

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Blasts rock Belgium

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Source: Blasts rock Belgium

    

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1 in 4 people have almost nothing saved for retirement

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It’s safe to say anyone with less than $1,000 saved is not on track to live a comfortable retirement.

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Source: 1 in 4 people have almost nothing saved for retirement

    

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1 in 4 people have almost nothing saved for retirement

Find The Lowest Price HERE


It’s safe to say anyone with less than $1,000 saved is not on track to live a comfortable retirement.

…read more

Source: 1 in 4 people have almost nothing saved for retirement

    

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