Europe

Anti-slavery protests continued across various world capitals this week, especially in countries across Africa, after earlier protests in France got violent when police used tear gas and other riot control tactics on a crowed of more than one thousand outside of the Libyan embassy in Paris. The protests are in response to last week's widespread reports of slave markets operating in various cities across Libya, and look to continue as according to Reuters a major rally is set to take place in London later this week. 

While the charade of sellside analysts releasing optimistic, and in the case of Barclays and Goldman "rationally exuberant"previews of the year ahead...

Be it a sudden surge in the effectiveness of Russia's international espionage and cyber warfare operations or a mere figment of the imaginations of a frightening group of politicians in the West who fear they're slowly losing control over the masses in their respective countries, one thing is certain, Russia is increasingly being blamed for some very serious "meddling" in foreign affairs. 

Authored by David Stockman via Contra Corner blog,

You could almost understand the irrational exuberance of 1999-2000. That's because everything was seemingly coming up roses, meaning that cap rates arguably had rational room to rise.

But eventually the mania lost all touch with reality; it succumbed to an upwelling of madness that at length made even Alan Greenspan look like a complete fool, as we document below.

Nothing can keep the BTFD spirit at bay in Europe this Thanksgiving morning.