Europe

By Bill Blain of Mint Partners

Politics - More Destabilizing Than You Think!

“With comedy we can search for the profound...”

Dark skies, torrential rain and thinking about putting the log-burner on.. Welcome to high-summer in England. Markets are thin and the crowds trying to clamber on the train were noticeably lighter this morning. (Actually, the sun was shining this morning as my train sat listlessly somewhere “Sarf” of Wimbledon..)

Authored by Paul Craig Roberts,

The Congress of the United States by almost unanimous votes in both House and Senate has made it clear that Congress would rather destroy the President of the United States and to increase the risk of nuclear war than to avoid conflict with Russia by normalizing relations.

Authored by James Rickards via The Daily Reckoning,

With the U.S. preparing to confront China and go to war with North Korea, Russia is an indispensable ally for the U.S.

There are huge implications on capital markets as these hegemonic powers continue to edge toward war.

Here’s an overview of some of the financial implications of improved relations with Russia…

Authored by John Mauldin via MauldinEconomics.com,

Exactly 10 years ago, we were months way from a world-shaking financial crisis.

By late 2006, we had an inverted yield curve steep to be a high-probability indicator of recession. I estimated at that time that the losses would be $400 billion at a minimum. Yet, most of my readers and fellow analysts told me I was way too bearish.

Chris Whalen, Chairman of Whalen Global Advisers and a very well-known financial analyst (he was one of the original forecasters of Lehman's inevitable demise) appeared on MacroVoices podcast this week to discuss the equity valuations, the path of the US dollar and DoubleLine Capital founder Jeff Gundlach’s declaration that the 35-year bull market in bonds is dead. Some of the key highlights: