Authored by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),
But of that day and that hour knoweth no man, no, not the angels which are in heaven, neither the Son, but the Father.
– Mark 13:32
La Mort, photograph of her good side.
Bigger Than a Bear Market
John McCain has become the latest critic from the US to intervene in the Brexit debate Wading into the EU referendum debate on Friday, the republican senator, who is no fan of Vladimir Putin, warned that if Britain should exit the EU it would leave Europe, America and the wider world at the mercy of Russian President. Important intervention by @SenJohnMcCain – UK membership of EU vital for security & prosperity of both Europe & U.S.
One week ago, despite the ECB's last ditch attempt to reflate the bond market by monetizing corporate bonds in hopes this spills over into stocks (via buybacks) and and broad inflation, Bank of America's Michael Hartnett was adamant: "sell the rally." He wasn't the only one: just a day earlier, after the market's violent kneejerk reaction lower to the ECB's (apparent) unwillingness to push rates even lower, Evercore ISI's chief technician, Rich Ross said "I'm Out. My Bullish tactical call is over."
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Veritaseum founder, Reggie Middleton, has accurately called the banking crisis, European sovereign debt crisis, the housing & CRE crash as well as several major tech paradigm shifts over the last 10 years. Click graphic above for a video synopsis of his track record. |
Turkey and the EU came back to the negotiating table on Thursday and Friday in Brussels in the latest installment of a long-running attempt to hammer out a deal that will help stem the flow of refugees into Europe.
Germany, Sweden, Austria, and a number of other countries are quite literally breaking under the pressure and everyone involved fears things could get far worse as winter turns to spring and the Balkan route thaws.