European bonds fell and stocks rose led by banks and retailers as surging inflation data prompted investors to switch into reflationary assets even as speculation about ECB tapering has returned. Asian stocks and US equity futures declined. The Yen and gold advanced after Trump’s firing of the U.S. acting attorney general added to concern over the unpredictability of decisions in the new administration.
Submitted by Giulio Meotti via The Gatestone Institute,
Submitted by Michael Shedlock via MishTalk.com,
The IMF has once again threatened to pull out of the Troika following a warning that Eurogroup Loan Measures Not Enough for Greek Debt.
Greek debt yields had already been rising and spiked on the news.
Let’s take a look at what’s happening, culminating with an explanation of seemingly preposterous positions from all involved.
Authored by Paul Craig Roberts,
The mindlessness is unbearable.
Amnesty International tells us that we must “fight the Muslim ban” because Trump’s bigotry is wrecking lives.
Anthony Dimaggio at CounterPunch says Trump should be impeached because his Islamophobia is a threat to the Constitution.
This is not to single out these two as the mindlessness is everywhere among those whose worldview is defined by Identity Politics.
One of the most senior European Union bosses has threatened US President Donald Trump with prison time over his controversial executive order the bans many Muslims from entering the United States for 90 days. Federica Mogherini issued a direct threat to Trump, saying that if he continues with his Nazi-like immigration policy, he may end up in prison. Express.co.uk reports: She described the decision to aid Syrians and help construct schools at refugee camps in Lebanon as an “investment” in both their lives and the EU’s own security.