In a quiet overnight session, S&P 500 futures are fractionally in the green (2,426, +0.2%) with European and Asian stocks as oil drops second day after an initial ramp higher amid speculation that LIbya and Nigeria may be asked to cap their production. Nasdaq 100 Index are again higher, following the biggest daily advance in more than a week, up 0.4% as of 6:20 a.m. in New York.
Authored by Douglas Murray via The Gatestone Institute,
Authored by F. William Engdahl via New Eastern Outlook,
Authored by Mike Shedlock via MishTalk.com,
At the Fed, the debate is over normalization of the balance sheet. The Fed has already finished tapering.
In contrast, the ECB is still addicted to a balance sheet build-up. But internal feuding has picked up with Germany and the hawks on one side and doves on the other.
Bloomberg reports ECB Officials Disagree on How Much Is Too Much for Stimulus Plan.
The liberal facade behind Europe's grand refugee acceptance experiment took a big hit on Friday, when Italy's Former Prime Minister Matteo Renzi, and head of the ruling Democratic Party, said his country does not have "any moral duty to take in migrants", sharply toughening his stance over surging numbers of asylum seekers. His U-Turn follows that of Angela Merkel, who infamously accepted nearly 1 million mostly Syrian refugees in 2015, only to see a surge in terrorist attacks across Germany and Europe, and a plunge in her popularity as a result of an angry social backlash