In The News Today

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Bill Holter’s Commentary

Silly me, I just thought they were lying by their own free will.

Watchdog says press freedom in decline in ‘new era of propaganda’
April 20, 2016

Paris (AFP) – World press freedom deteriorated in 2015, especially in the Americas, advocacy group Reporters Without Borders said Wednesday as it released its annual rankings, warning of “a new era of propaganda”.

The World Press Freedom Index ranks 180 countries on indicators such as media independence, self-censorship, the rule of law, transparency and abuses.

This year’s report warned of a climate of fear that has seen world leaders “developing a form of paranoia about legitimate journalism.”

Christophe Deloire, secretary general of the Paris-based group told AFP there had been a decline in all parts of the world, with Latin America of particular concern.

“All of the indicators show a deterioration. Numerous authorities are trying to regain control of their countries, fearing overly open public debate,” he said.

“Today, it is increasingly easy for powers to appeal directly to the public through new technologies, and so there is a greater degree of violence against those who represent independent information,” he added.

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Bill Holter’s Commentary

I can’t imagine even Jimmy Carter being treated like this. Lends a new meaning to the word “r e s p e c t”?

White House: Obama ‘cleared the air’ with Saudi Arabia
By Nicole Gaouette, Kevin Liptak, Michelle Kosinski and Nic Robertson, CNN
Updated 7:31 PM ET, Wed April 20, 2016

Click here to watch the video…

 

Bill Holter’s Commentary

Hey, the BOJ needs to put their money somewhere don’t they?

Why Stocks Rebounded Overnight: Goldman Expects BOJ To Double Its Equity Purchases As Soon As Next Week
Submitted by Tyler Durden on 04/20/2016 09:54 -0400

With oil – until recently the key signal for the S&P – down substantially overnight, many were scratching their heads why US equity futures not only rebounded from overnight lows but proceeded to wipe out all overnight losses and are currently trading in the green. The reason: another overnight ramp in the USDJPY which is the default fallback signal for stocks whenever oil isn’t going higher.

 20160420_JPY1_0

But what precipirated the bounce in USDJPY? 

The answer: a note from Goldman released overnight titled “Bringing forward our main scenario for additional easing to April from June” in which the bank announced it is now making an April easing by the BOJ as its main case scenario instead of June as was the case before, and it now expects that the BOJ to double its pace of equity purchases via ETFs from the current ¥3.3 trillion to ¥7.0 trillion as soon as the BOJ’s next meeting on April 26-27.

This is precisely what we wrote last week in “The Bank Of Japan Already Owns Over Half Of All ETFs; It Wants To Own More”, and Goldman now agrees.

Here is the summary from Goldman’s Naohiko Baba:

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