Authored by Pedro Nicolaci Da Costa, originally posted at ForeignPolicy.com,
It’s not like we didn’t know what was going on. But the “Panama Papers,” the largest-ever document leak and one that implicates political leaders and business executives around the world, confirms it - cementing a widespread distrust of public and private institutions in the global economy.
By EconMatters
Risk Off day in assets led by Europe, we review some of the day`s most interesting moves, with a focus on the Copper Market.
https://www.youtube.com/watch?v=pjFtZ6abNO0
© EconMatters All Rights Reserved | Facebook | Twitter | YouTube | Email Digest | Kindle
Submitted by John Rubino via DollarCollapse.com,
Just last week we reported about Greece deporting migrants to Turkey as part of a mutual deal with the EU. Now, nearly a week later, the number of migrants has dropped severely. According to a report from DW.com: The number of irregular migrants making the dangerous boat journey from Turkey to Greece plunged to 78 in the past 24 hours, the Greek refugee crisis committee said Saturday. Closed borders and the prospect of migrants being sent back to Turkey appears to be stemming the flow.
With speculation of helicopter money in Europe spreading like wildfire, here is a simple summary of how the ECB may have no choice but to go with the "final solution" and engage the "chopper" for one simple reason: by pushing bond yields lower, the ECB is now actively impairing the functioning of Europe's banks, and it's getting to the point where European bank stocks are now back to crisis lows, leading to questions about their viability. Here is the explanation courtesy of DB's Jim Reid.