S&P futures extended their Wednesday decline, dropping in the overnight session with banking shares in focus ahead of results from JPMorgan and Citigroup. European stocks likewise retreated along with the dollar, while Asian shares were mixed.
Germany's finance minister Wolfgang Schaeuble did everything in his power to infuriate three distinct groups of people today.
First, in a statement that may infuriate several million German immigrants, Schaeuble said that Muslims who migrate to Europe should understand that there are better places for them to live if they do not want to accept the European way of life.
Authored by Burak Bekdil via The Gatestone Institute,
This is the first time that Erdogan is openly challenging a concerted European stand.
Turkey's foreign policy and the rhetoric that presumably went to support it, has, during the past several years, aimed less at achieving foreign policy goals and more at consolidating voters' support for the Ankara government.
The elite appear to have a great deal in store for President Trump’s first four years... quite a few tricks up their sleeves, if you will. As SHTFplan.com's Mac Slavo notes, the wars are already being manifested; but the larger elements of financial upheaval may take years to play out, even if there are a number of chaotic events, a bit of panic, and more of the great squeeze that is sucking the vitality of the country dry. Depending upon how things play out, people could end up better or than four years ago, or much, much worse.
Authored by Christof Gisiger via Finanz Und Wirtschaft,
Raghuram Rajan, Professor of Finance at the University of Chicago and former governor of the Reserve Bank of India, warns of more turmoil ahead if the developed world fails to adapt to the fundamental forces of global change.