Submitted by Constantin Gurdgiev via True Economics blog,
In a recent op-ed in FT, Wolfgang Mu?nchau raised a very valid point that globalisation, free trade and markets liberalisation do produce both winners and losers. Nothing new here. But the key point is that this realisation must be timed / juxtaposed against political and social realities on the ground...
Quoting from Mu?nchau (emphasis is mine):
Submitted by Yves Mamou via The Gatestone Institute,
"There are today, we know, a hundred neighborhoods in France that present potential similarities with what's happened in Molenbeek." — Patrick Kanner, Minister for Urban Areas.
The Salafists, in fact, do not want to "take the power in these neighborhoods." In many, they already have it.
From our friends at Fasanara Capital we get their latest contrarian - and very bearish - Investment Outlook, which can be summarized as follows: "Reflation Phase To Be Temporary, More Downside Ahead", and which also contains four key conviction trade ideas over the next 12 months.
This is what fund manager Francesco Filia cautions about the market over the next year:
Following this weekend's leak by Greenpeace demonstrating not only that the TTIP is driven entirely by narrow corporate interests, but that Obama is openly willing to reneg on his pro-environment agenda just to pass the Transatlantic Treaty at any cost, the blowback arrived earlier today when France became the first major European nation which threatened to reject the huge free trade deal between the U.S. and the European Union, because according to AP "it's too friendly to U.S. business and probably doomed."
The full article with additional charts can be accessed here
Something’s got to give in the oil market