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Virgin Atlantic Flight Does U-Turn After Laser Shone In Co-Pilots Eyes

A New York bound Virgin Atlantic flight had to return to London when the co-pilot had a laser beam directed into his eyes during take off from Heathrow airport. The co-pilot began to feel unwell shortly into the flight. Laser attacks are becoming more frequent as imports of cheap lasers rise. They have the potential to blind or cause irreversible eye damage if aimed momentarily at the right spot. The Independent reports: Police said they were trying to find the source of the beam.

EUR Tumbles As Draghi Admits ECB Will "Buy" Busted Bank Loans

EUR Tumbles As Draghi Admits ECB Will "Buy" Busted Bank Loans

EURUSD is down over 120 pips this morning and accelerating as Mario Draghi drops all kinds of tapebombs in his Q&A with his Brussels overlords. Most crucially, slamming EURUSD 70 pips and breaking Wednesday lows, was his admission that while The ECB would "not buy" non-performing Italian bank loans, it would (confirmed by Italy's Treasury) allow the busted deals as repo collateral (how close to par?) allowing Italian banks to kick the can just a little further.

 

 

Gold Price Pulls Back As “Bad Actor” Fed Signals Slower Rate Hike Cycle

Gold Price Pulls Back As “Bad Actor” Fed Signals Slower Rate Hike Cycle

Volatility, loss of confidence and central bank impotence stalk the capital markets. Gold pulls back in an expected retrenchment. Equity markets are still digesting what the world looks like. Absence of a strong Chinese domestic economy. A developing economy losing its easy credit. Oil prices adjusting to demand levels indicative of economic activity and, most tragically, the continuing proxy wars fought in the middle east as warmongers continue to slaughter innocent civilians.

 

Mario Draghi Speaks In Brussels, Says ECB "Won't Hesitate To Act" As World Falls Apart

Mario Draghi is set to address the European Parliament's Committee on Monetary and Economic affairs in Brussels on Monday. 

Draghi's comments will of course be parsed for any hints as to what the ECB will do next month, when Draghi is expected to announce further easing, either in the form of another rate cut or an expansion/extension of PSPP.

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