I’m late to the much-discussed New York Times Magazine profile of Ben Rhodes, the 38-year-old White House staffer who is President Obama’s “foreign policy guru.” This paragraph early in the piece lets you know (you might think) what an arrogant piece of work is Ben Rhodes. Emphasis mine:
British prime minister David Cameron has warned that peace in Europe could be at risk if Britain votes to leave the European Union He believes that Europe is keeping UK safe and pleaded for Britain to stay in the EU to help prevent the continent being ripped apart by another conflict. The Tory leader warned that many threats to stability still remain, from a “newly belligerent Russia” to the so-called Islamic State and the migration crisis. “Our threat level is now at severe, which means a terrorist attack is highly likely.
Authored by Satyajit Das (Author of A Banquet of Consequences), via The Independent,
There are a number of potential triggers to a new crisis.
The first potential trigger may be equity prices.
Two weeks after Austria's dramatic result in its first round presidential elections which saw the right wing, anti-immigrant Freedom Party sweeping its competition, gathering over 35% of the vote and leaving the other five candidates far behind, moments ago Austria unveiled the latest casualty from Europe's anti-refugee, right wing revulsion when the country's Chancellor Werner Faymann resigned after losing the support of his colleagues in the Social Democratic party.
The overnight session has been one of alternative weakness and strength: it started in China where stocks tumbled 2.8% to a two month low following an unexpected warning in the official People's Daily mouthpiece that debt and NPLs are too high, not to expect more easing will come, and that the Chinese Economy’s performance won’t be U- or V-shaped but L-shaped.