By Chris at www.CapitalistExploits.at
Taking a glance at the headlines in Europe, all I see is the world's "woes" cropping up. Either we're dealing with cowboys, or the market sentiment is decidedly bearish. I'll let you be the judge...
A reader sent a link to a story from the New York Post, about wealthy cougars who get plastic surgery to prepare for the Coachella festival. The reader added this remark from historian Lewis Mumford’s book The City In History:
“These are symptoms of the end: magnifications of demoralized power, minifications of life. When these signs multiply, Necropolis is near, though not a stone has yet crumbled. For the barbarian has already captured the city from within. Come, hangman! Come, Vulture!”
Via Macro-Man blog,
This won't end well...
The machines have filled the gap (oil hasn't)...
who could haver seen that coming?
Right on schedule https://t.co/c5Gx6H0Cvx
— zerohedge (@zerohedge) April 18, 2016
The news of Dilma's impeachment vote kneejerk'd stocks and the real higher overnight as the almost unbelievable gains in the circling-the-economic-drain nation's stock and FX markets extended among the "blood on the streets" dip-buyers. However, things have turned around rather quickly and it appears investors are aggressively selling the news as the collapse of government is suddenly seen as a negative...
Brazilian stocks have swung from up 4.5% to down 3.5%...
And The Real is tumbling...