Europe

Submitted by Simon Black via SovereignMan.com,

In the middle of a heated battle against my jetlag yesterday, I finally decided to exercise the nuclear option and turn on CNBC in order to stay awake.

I figured someone would say something completely ridiculous, and it would get my blood boiling enough to power through the next couple of hours.

Within minutes I saw a top economist for Moody’s (one of the largest rating agencies in the world) saying that there are absolutely zero signs of recession.

A Unified Europe: Born In the USA

The former Bank of England head Mervyn King said this week that the "depression" in Europe "has happened almost as a deliberate act of policy". Specifically, King said that the formation of the European Union has doomed Europe to economic malaise.

What a different four weeks makes.

Four weeks ago, the S&P 500 had just taken out critical support. Everyone was panicking that the market was about to implode.

1.     At that time, China was continuing to devalue the Yuan as its economy collapsed.

2.     Europe was tumbling based on Draghi’s inability to generate inflation.

3.     The US economy was rolling over sharply as deflation arose courtesy of US Dollar strength and a Fed rate hike.

Via KeepTalkingGreece.com,

European Council President Donald Turk is visiting Athens today to talk about the Refugee Crisis. He met with Prime Minister  Alexisi Tsipras and both men agreed that

Unilateral actions by European Union member states to deal with the migrant crisis troubling the bloc is hurting solidarity and must stop.

This week, a Pennsylvania grand jury released its findings from a two-week investigation on the cover-up of sexual crimes committed by Catholic priests of the Altoona-Johnstown diocese. From the Pittsburgh Post-Gazette’s report: