Europe

Submitte dby Jeffrey Snider via Alhambra Investment Partners,

Submitted by Satyajit Das (former banker and author of The Age of Stagnation),

The current financial market volatility increasingly reflects loss of faith in policy makers. Celebrity central bankers are learning that they must constantly produce new miracles for their followers.

First, the measures implemented since 2009 created an artificial stability and an asset price boom in many markets.

 

But the absolute rate of GDP expansion and level of price changes is inadequate to solve global debt problems.

There is some serious turmoil going on in credit, commodities, and FX.. but stocks shurugged it all off because jobs were shitty enough to warrant a bid??

Just as the government did in the lead up to The Scottish Referendum in 2014, it appears David Cameron is already escalating the so-called Project Fear.

Submitted by Howard Kunstler via Kunstler.com,

For years, it was easy to see the political storm clouds gather over Europe with its fractious coalitions and its ancient babble of conflicts. Marine Le Pen’s Daddy, severe old Jean-Marie, was on the scene in France decades before Donald Trump ascended to glory on the noxious clouds of America’s crapified culture, attended by heavenly hosts of Kardashian angels and the cherub Honey BooBoo.