Europe

By Chris at www.CapitalistExploits.at

Economists measure economic variables. That's a problem.

They are but one piece of an incredibly complex puzzle:

• Behavioural psychology isn't considered. Different realm... not their business.
• Warfare and the economics of it are measured poorly, if at all.

Consider for a moment the impact of technology on every aspect of life.

Now, consider its impact on warfare. Warfare, of course, impacts economics. Something worth remembering.

British Prime Minister (for now) Theresa May is desperately cobbling together a deal today with a small Northem Irish political party that she needs to stay in power after a disastrous election that destroyed her authority days before Brexit talks are due to start.

So how did we get here? Hedge Fund CIO Eric Peters succinctly sums up the state of play...

Submitted by Rajan Dhall FXDaily.co.uk and Shant Movsesian of RANSquawk

FX Week Ahead: Focus returns to the US economy as politics have run riot once again. Theresa May clearly made a big mistake in calling the snap election, and the Pound has suffered accordingly, though gains had perhaps run their course. NZD still looks good, while CAD weathers Oil price drop as domestic data supports.

According to the latest data from the European Automobile Manufacturers Association (ACEA), sales of Electrically Chargeable Vehicles (which include plug-in hybrids) in Q1 of 2017 were brisk across much of Europe: they rose by 80% Y/Y in eco-friendly Sweden, 78% in Germany, just over 40% in Belgium and grew by roughly 30% across the European Union... but not in Denmark: here sales cratered by over 60% for one simple reason: the government phased out taxpayer subsidies.

Authored by Don Quijones via WolfStreet.com, 

Stockholders and junior bondholders fear another “bail-in.”