Today's ultra-low volume, ultra-low-range equity market can be summed up thusly...
Before we get started, just two quick charts to shut the mouths of all those proclaiming this is a hated rally and that sentiment is shitty... it's not!
The Hungarian prime minister’s chief of staff has accused President Obama of deliberately filling Europe with illegal immigrants in an attempt to orchestrate a migrant crisis. Janos Lazar told a press conference on Thursday that Obama is pushing for illegal immigration in Europe as part of a secret U.S. New World Order agenda.
Two weeks ago a high-ranking deputy for Turkey’s ruling AKP party, Burhan Kuzu (also a former adviser to President Erdogan) issued an explicit threat to Europe which was at that time discussing whether or not to grant Turkey visa-free travel within the continent. Specifically, he tweeted that "The European Parliament will discuss the report that will open Europe visa-free for Turkish citizens. If the wrong decision is taken, we will unleash the refugees!."
Submitted by Christoph Gisiger via Finanz und Wirtschaft,
Eugene Fama, professor of finance and Nobel laureate thinks that negative interest rates won’t help to bring back growth and warns that big banks are still posing a high risk to the financial system.
After yesterday's presidential run-off round, the leader of Austria's anti-immigration, right-wing party, Norbert Hofer held a comfortable lead based on votes from the ground, with Hofer leading the independent, pro-EU candidate Van der Bellen by 51.9% to 48.1%, according to interior ministry data. However, in the end it all came down to the postal votes, and as BBC reports, the Green Party leader, Alexander Van der Bellen has won Austria's presidential election, preventing Norbert Hofer from becoming the EU's first far-right head of state, the BBC has been told.