German Vice-Chancellor and Minister for Economic Affairs and Energy Sigmar Gabriel is offering dual citizenship to thousands of disgruntled young people following the brexit vote. Young Britons living in Germany should be offered dual citizenship, according to Vice-Chancellor Sigmar Gabriel, because it was largely older voters who opted to leave the European Union.

Submitted by Steen Jakobsen, CIO & Chief Economist Saxo Bank, via TradingFloor.com,

• Brexit could accelerate process of much-needed reform
• Macro policymakers including central banks will try to maintain status quo 
• Policymakers have become equivalent of Iraqi minister comical Ali
• The reluctance to accept what is happening will be there undoing

What's that coming over the hill, is it a new world? Is it a new world?

Now that the UK referendum is in the history books, two of the most pressing questions currently facing the UK are who will succeed David Cameron as the next Prime Minister, and how quickly will that person push to invoke Article 50, officially triggering the negotiations with the EU for an exit.

Recently, two leading candidates to become the next British Prime Minster presented two different views on the subject of Article 50 and how quickly the UK should move forward.

Submitted by MN Gordon via Economic Prism blog,

“Myths and legends die hard in America,” remarked Hunter S. Thompson in The Great Shark Hunt, nearly 40-years ago.  Thompson didn’t likely have U.S. Treasury bonds in mind when he made this observation.  Though, if he were still alive, he may find the present state of the great Treasury bond bubble to be an amusing anecdote.

When it comes to "real-time" measurements of crude demand and supply, the data is notoriously bad (and perhaps, according to some, intentionally manipulated). We pointed this out most recently in early March when we that according to IEA data, crude oil production exceeded consumption by an average of 0.9 million barrels per day in 2014 and 2.0 million bpd in 2015.