Africa

How quickly the official narrative changes.

Just several months ago, in October, we reported that the now-rattled largest European bank, Deutsche Bank, boosted its forecast for German 2016 GDP to 1.9% from 1.7% saying that "although the external and the financial environment have deteriorated we have lifted our 2016 GDP call... drivers are stronger real consumption growth due to lower oil prices/stronger EUR and the surge in immigration."

Submitted by Constantin Gurdgiev via True Economics blog,

Global growth leading indicators are screaming it, Baltic Dry Index is screaming it, PMIs are screaming it, BRICS are living it, and now Ifo surveys are showing it: global economy is heading into a storm.

The latest warning is from the Ifo World Economic Climate Index.

Per Ifo release:

Submitted by Dalan McEndree via OilPrice.com,

Submitted by John Browne via Euro Pacific Capital,

Actress Meryl Streep has come under fire after telling a jury at the Berlin International Film Festival that she thinks that “we’re all Africans, really”, when asked to comment on racial diversity in the film industry. The response came during a news conference on Thursday where Streep was asked to weigh in on the #OscarsSoWhite debate, and why the Berlin jury had no black members. Washingtonpost.com reports: “I am very committed to equality and inclusion of all genders, races, ethnicities, religions,” Streep said.