Authored by Mike Shedlock via www.maven.net/mishtalk,
In order to counteract one of Europe's lowest birth rates, the government of Poland put out a pair of videos urging citizens to breed like rabbits.
Rabbit Video Number One
Over the weekend, Saudi King Salman shocked the world by abruptly announcing the arrests of 11 senior princes and some 38 ministers, including Prince Al-Waleed bin Talal, the world’s sixty-first richest man and the largest shareholder in Citi, News Corp. and Twitter. The purge was orchestrated by a new “supreme committee” to investigate public corruption created by King Salman but under the control of Crown Prince Mohammed bin Salman, who chairs the committee and is widely suspected of being the driving force behind the purge.
How Europe and France’s stock markets perform can have a huge influence on stocks in the states. The first two charts below look at the FTSE 100 from London and the CAC 40 from France.
CLICK ON CHART TO ENLARGE
Blain's Morning Porridge, Nov 9th 2017, By Bill Blain of Mint Partners
The UK vs Europe, the best comedy show ever!
“Hold tight, wait till the party’s over, hold tight, we’re in for nasty weather…”
You really can’t make this stuff up. Get out the blunted spoons as the EU demands UK pays to play or forget a December start to real talks. The UK government in disarray. Global investors shaking their heads asking WTF and getting a bit bored and disinterested by it.
It could be a top class comedy.
The overnight fireworks in Japan, which saw the Nikkei plunge by 860 intraday points and sent vol and volumes soaring (before recovering most losses), spooked traders in Asia and around the globe, and U.S. equity futures are red this morning, along with European shares and oil.