A Month Of Multiculturalism In Germany: Child Marriage, No-Go Zones, & Gang Rapes
Submitted by Sieren Kern via The Gatestone Institute,
Submitted by Sieren Kern via The Gatestone Institute,
Submitted by Gregory R. Copley via OilPrice.com,
US President-elect Donald J. Trump in many ways faces the most circumscribed strategic options of any modern U.S. President entering office. Not only has the global context changed — and will change rapidly even further — so also has the United States’ abilities, tools, and resources to assert itself on the world stage.
Just as we were concluding our write up on the return of Europe's solvency crisis, facilitated by Donald Trump's NATO funding demands and the end of the ECB's unprecedented can kicking exercise, the FT reported that as many as eight of Italy’s troubled banks "risk failing" if prime minister Renzi loses next weekend's constitutional referendum and ensuing market turbulence deters investors from recapitalizing them, citing senior bankers.
Since Drahi's infamous "whatever it takes" warning in the summer of 2012, European bond yields have been a one way street lower, and until the recent Trumpflation rally, had tumbled to all time lows, in many cases well below 0%. There are two catalysts, however, that may be ending Europe's QE-driven free ride, and according to a recent report by Barclays, their names are Donald Trump and Mario Draghi.
First, when looking at the impact of Trump, Barclays notes that his election as US president may have created an additional burden on European budgets: defence spending.
Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing.
Welcome to this week's edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity.