In an eventful overnight session which saw a historic transition in Saudi Arabia, an unexpected Republican victory in the Georgia Special Election, China's inclusion in the MSCI EM index and Travis Kalanick's resignation, S&P futures continued to fall, alongside stock markets in Asia and Europe, while oil prices extended their drop despite a larger than expected draw reported by API on Tuesday.
Authored by Ann Pettifor via RenegadeInc.com,
Britain is preparing to leave the European Union with no real plan and a government in disarray, writes economist, Ann Pettifor. How can we trust economists at the Treasury not to impose more disastrous policies?
If the British economy crashes as a result of Brexit, it will not vindicate economists. It will simply illustrate once again, their failure.
Authored by Federico Pieraccini via The Stratgeic Culture Foundation,
A couple of weeks ago we expressed some level of 'amazement' at just how sophisticated, efficient and pervasive the 'Russian hacking' community had become after CNN reported that they had managed to hack into a Qatari News Agency and post a 'fake' news story all in an apparent attempt to drive a wedge between the U.S., Qatar and some of it's Gulf Arab neighbors.
Authored by Alastair Crooke via The Automatic Earth blog,