Europe

Authored by Brendan Brown via The Mises Institute,

• Americans Feel Good About the Economy, Not So Good About Trump (BBG)
• GOP Leaders Brace for CBO Estimate on Revised Health-Care Bill (BBG)
• From $2 Billion to Zero: A Private-Equity Fund Goes Bust in the Oil Patch (WSJ)
• Turkey Building Up Army Base in Qatar, Erdogan Adviser Says (BBG)
• U.S. Companies Have a New 401(k) Fix: Spend More (WSJ)
• Plastic-Versus-Cash Battle Heats Up After Visa, Mastercard Deals (BBG)
• China's strong second-quarter GDP growth paves way for deeper reforms (Reuters)

Another new week, another day with not much going on. So much, or rather little so, that in its daily wrap Citi starts off with the following: "Pop Art pioneer Andy Warhol, who once said “I like boring things”, would have been a huge fan of today’s session thus far. Though several events of note linger on the horizon for later this week, G10 is firmly on the beach as of this morning."

Via GEFIRA.org,

The following article is based on Francesca Totolo’s research published on lucadonadel.it.

Open Borders, Media Censorship

Authored by Don Quijones via WolfStreet.com,

But the IMF has suggestions on how to win the War on Cash...

In January 2017 the European Commission announced it was exploring the option of imposing upper limits on cash payments, with a view to implementing cross-regional measures as soon as 2018. To give the proposal a veneer of respectability and accountability the Commission launched a public consultation on the issue. Now, the answers are in, but they are not what the Commission was expecting.