Europe

While Europe's economy and capital markets have been spared any major shocks in the past year, and in fact European GDP has been on a surprisingly resilient uptrend in recent quarters led higher by the relentless German export-growth dynamo (courtesy of the very, very low Deutsche Mark and a lot of broke Greeks), an old and recurring problem has re-emerged, one which threatens the stability and cohesion of the European Union itself: the latest surge of refugees which, arriving mostly from North Africa in recent months, has made Italy its primary landfall target resulting in a surge in migra

Just two weeks after he staked his reputation that "The Bull Market Has Come To An End", "world-renowned" commodity guru Dennis Gartman is getting nervous, and as he writes in his latest daily letter, "weare a bit uneasy this morning being short."

Here is how Gartman is slowly but surely pivoting away from his "red-line" bearish call on stocks:

• Trump commits to a 'fight to win' in Afghan war (Reuters)
• Stay or Go? Some Trump Aides Are Pressed From All Sides (WSJ)
• Futures higher as traders pick up beaten-down stocks (Reuters)
• Divers Search Compartments of Ship for Missing Sailors (WSJ)
• Why Do U.S. Navy Ships Keep Colliding? (BBG)
• North Korea Threatens ‘Absolute Force’ as U.S., South Hold Drills (WSJ)
• The Unintended Consequences of Quantitative Easing (BBG)
• Ross Levinsohn Named CEO, Publisher of Los Angeles Times (WSJ)

Authored by Giulio Meotti via The Gatestone Institute,

Authored by GIS/Defense & Foreign Affairs' Gregory Copley via OilPrice.com,

Yes, there is a civil war looming in the United States.

But it will not look like the orderly pattern of descent which characterized the conflict of 1861-65. It will appear more like the Yugoslavia break-up, or the Russian and Chinese civil wars of the 20th Century.

It will appear as an evolving chaos.