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"All Clear"? European 'VIX' Crashes By Most Ever To Record Low

"All Clear"? European 'VIX' Crashes By Most Ever To Record Low

With the Dutch Election behind them, it appears European stock investors see nothing but smooth-sailing ahead...

Europe's VIX collapsed overnight - by the biggest relative amount in its history - to close at the lowest level since the Euro began...

 

For context, this collapse compressed the relative risk premium for European stocks over US stocks to zero... something we have only seen historically at extreme systemic stress points...

Explosives Mailed To German Finance Minister Were Sent By Militant Greek Group

Explosives Mailed To German Finance Minister Were Sent By Militant Greek Group

Yesterday we reported that in a dramatic escalation against the lockbox of Europe's cash, a package containing explosives was found at the German finance ministry. It was, however, unclear who had sent it. Today we have an answer: according to Reuters, the militant Greek group Conspiracy of Fire Cells has claimed responsibility for the parcel bomb that was mailed to German Finance Minister Wolfgang Schaeuble, German police said on Thursday.

From Nuisance to Threat: The High Cost of Truth — Paul Craig Roberts

From Nuisance to Threat: The High Cost of Truth

Paul Craig Roberts

When one gives so much scarce time and energy from one’s life to a large and unknown public, one needs to know that it is sufficiently appreciated to be a worthwhile use of one’s time and energy. This is especially the case when there are large costs associated with the commitment.

Your response to my quarterly request for donations showed me that enough of you value what I am doing to justify its continuation.

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