Europe

Italy looks set to be next in line to leave the EU as the European project spectacularly collapses following the UK’s Brexit vote in June 2016.  Italians vote on Sunday in a major referendum that will have huge consequences for their future in Europe. Politicians have warned that an Italian exit from the EU will spark a huge banking crisis and will result in the Italian Prime Minister resigning. CNN reports: Italians are being asked to vote on a sweeping series of constitutional reforms championed by Prime Minister Matteo Renzi.

Submitted by Erico Matias Tavares via Sinclair & Co.,

With well over 100 million direct casualties and countless other social, economic and environmental disasters under its name, communism is arguably the worst human experiment in history. And yet, how many communist leaders have been formally prosecuted in a court of law for their crimes?

With the last traces of the Trumpflation rally still noticeable, US equity inflows continued last week as positive economic data surprises rose to a 4-year high. Inflows into US equities ($4.4bn) continued for a 4th straight week, cumulatively adding $45bn. This is the longest consecutive stretch of inflows since June 2014, i.e., when the severe dollar shock began.

Submitted by Chris at Capitalist Exploits blog,

This is the first part of a series of articles (I don't know how many, I'm not done yet) designed to explain what is easily THE most important, albeit poorly understood (even by professionals) market on this ball of dirt.

Eurodollars: What Are They?

To best explain what Eurodollars are we start with the English language.

Update 3: The campaign manger of the Hofer campaign has conceded the presidential election.

#BREAKING 'Sad' Austrian far-right candidate congratulates election winner

— AFP news agency (@AFP) December 4, 2016

#BREAKING Austria far-right concedes defeat in presidential race