FIAT Drainage Has Begun
Vince Lanci for MarketSlant.com
Gold will meet head winds as the world continues to hedge most of its uncertainty with flights to the USD. Unless that uncertainty abates, it must in the end spread all the way to the US. This will happen regardless of what you think of Trump's policies. Trump may accelerate or slow the inevitable. But Government can only slow or speed up market clearing events. They cannot stop them.
EU Crisis Becoming Existential… Dutch Vote Tomorrow and Why It Matters
The leader of the National Front in France, Marine Le Pen, has hailed Britain’s decision to leave the EU – and has called for France to hold a similar referendum
A ruling by the European Union's top court on Tuesday, which allows companies to bar staff from wearing Islamic headscarves and other visible religious symbols, has set off a storm of complaint from rights groups and religious leaders. With its first ruling on a hot political issue across Europe, the Court of Justice (ECJ) has found that a Belgian firm which had a rule barring employees who dealt with customers from wearing visible religious and political symbols "may not have discriminated" against a receptionist dismissed for wearing a headscarf.
European stocks declined for first session in five ahead of Wednesday's Dutch elections, debt ceiling expiration and the conclusion of the Fed's 2-day meeting where it is expected to raise rates by 25 bps. Tightening concerns emerged, also dragging down Asian shares and S&P futures, while the dollar continued its rise for a second day. Crude oil has ended its six-day drop. The pound tumbled 0.8% to the lowest since mid-January in a delayed reaction after Theresa May won permission to trigger the country’s departure from the EU.
Authored by Patrick Buchanan via Buchanan.org,
Not long ago, a democratizing Turkey, with the second-largest army in NATO, appeared on track to join the European Union.
That’s not likely now, or perhaps ever.
Last week, President Recep Tayyip Erdogan compared Angela Merkel’s Germany to Hitler’s, said the Netherlands was full of “Nazi remnants” and “fascists,” and suggested the Dutch ambassador go home.
What precipitated Erdogan’s outbursts?