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Trader: "We Need Another 20 Basis Points For The Entire Narrative To Change"

Trader: "We Need Another 20 Basis Points For The Entire Narrative To Change"

As noted yesterday, Bloomberg trading commentator Richard Breslow refuses to jump on the bandwagon that the Fed is hiking right into the next policy mistake. In fact, he is pretty much convinced that Yellen did the right thing... she just needs some help from future inflationary print (which will be difficult, more on that shortly), from the dollar (which needs to rise), and from the yield curve.

Futures, European Stocks Flat As Oil Suddenly Tumbles; Pound Slides

Futures, European Stocks Flat As Oil Suddenly Tumbles; Pound Slides

European stocks were flat after starting off strongly earlier, dragged lower by energy stocks. Asian stocks, U.S. futures little changed as oil tumbled with Brent tumbling as low as $45.85/bbl to the lowest intraday since November 30 and taking out a 38.2% Fib support, after a one-minute spike in volume to a day-high 5,208 lots just after 6am, with WTI mirroring Brent's momentum, and falling as much as 98c to $43.22, lowest since November 14.

Are Pope Francis & Angela Merkel Enemies Of European Civilization?

Are Pope Francis & Angela Merkel Enemies Of European Civilization?

Authored by Antonius Aquinas,

Two of Europe’s greatest contemporary enemies recently got together to compare notes and discuss how they were going to further undermine and destabilize what remains of the Continent’s civilization.  Pope Francis and German Chancellor Angela Merkel met on June 17, in the Vatican’s Apostolic Palace to discuss the issues which will be raised at a Group of 20 summit meeting in Hamburg, from July 7-8.

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