Europe

FX Week Ahead, by Shant Movsesian and Rajan Dhall MSTA of fxdaily.co.uk

Is the SNB at it again? EURO-phoria takes off as longer term investors get the nod.

Following a flood of warnings in the past week about both the precarious state of markets and the global economy, most recently from the otherwise stoic Howard Marks warning about bubble-like condition in the market (especially when it comes to passive investors), as well as Robert Shiller who explained what "keeps him up at night", we were due for some good news.

Authored by Mike Shedlock via MishTalk.com,

Bank of America says 9% of European firms have subpar interest coverage. Bloomberg covers the story in its report Zombie Companies Littering Europe May Tie the ECB’s Hands for Years.

Watch out for the zombies.

 

One week after the latest Ifop poll showed that French president Macron's approval rating tumbled by 10 points in his third month, with only Jacques Chirac sliding more from his May 1995 election to July of that year according to Journal du Dimanche...

Europe Is History

https://sputniknews.com/europe/201707301056007283-european-nations-extinction-substitution/

The post Europe Is History appeared first on PaulCraigRoberts.org.