Authored by EconomicPrism's MN Gordon via Acting-Man.com,
Mass Infusions of New Credit
“The bank is something more than men, I tell you. It’s the monster. Men made it, but they can’t control it.” – John Steinbeck, The Grapes of Wrath
One month after the US intercepted Russian tactical bombers flying in proximity to Alaska on several occasions, and just four days after Russia returned the favor earlier this week when a Russian Su-27 was scrambled to "accompany" a US B-52 bomber flying over the Baltic Sea, on June 9 a Russian fighter jet was "photobombed" in a series of dramatic photos while intercepting a group of US warplanes over the Baltic Sea during annual military drills over the Baltic Sea, the US Department of Defense said.
"Triple Threat Thursday" is now a distant memory, with both the ECB and Comey testimony "non-events" for the market, although the UK general election was a shocker in which contrary to expectations, Theresa May lost her majority in Parliament, sending sterling tumbling overnight and prompting even more confusion about the UK's political fate and the future of Brexit. That however did not spook risk assets, and on Friday morning, European stocks gained with Asian stocks little changed, while S&P500 futures were set for new all time highs. Just like after Brexit, it was U.K.
Viruses, violent conflicts and a host of other regional calamities helped revive peoples’ desire to migrate permanently to another country between the years 2013 and 2016 as the number of potential migrants climbed to 710 million, according to a Gallup poll.
Authored by Kevin Muir via The Macro Tourist blog,