Coming Apart: The Imperial City At The Brink
Authored by Alastair Crooke via The Automatic Earth blog,
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Europe
Suspect With "Explosive Belt" Shot By Belgian Military After Explosion In Brussels, Shouted "Allahu Akbar"
Update: The suspect in Brussels train station blast shouted "Allahu Akbar," according to a witness quoted by AFP.
#UPDATE Suspect in Brussels train station blast shouted "Allahu Akbar," according to a witness
— AFP news agency (@AFP) June 20, 2017
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Another day, another (attempted) terrorist attack, this time in Brussles where moments ago gun shots and an explosion were reported at the Central Station, which was promptly evacuated.
In Historic "Self Bail-In" A German Bank Just Canceled Interest Payments On Two Bonds
One year ago, when Deutsche Bank was sliding on concerns about its bad loan book, Germany's Bremer Landesbank which at the time had €29 billion in assets, saw its bonds plunge overnight when concerns emerged about an imminent failure by the German lender.
Why The Wall Street Journal Is Wrong About The US Oil Export Boom
Authored by Arthur Berman via OilPrice.com,
The lead editorial in Friday’s Wall Street Journal was pure energy nonsense.
“Lessons of the Energy Export Boom” proclaimed that the United States is becoming the oil and gas superpower of the world. This despite the uncomfortable fact that it is also the world’s biggest importer of crude oil.
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.