Europe

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:

• Global stocks, oil dip, but markets calm down as growth fears ease (Reuters)
• Greece cannot carry migrant burden on its own: PM Tsipras (Reuters)
• New Migrant Crisis Flares in Greece (WSJ)
• Qatar's BeIn Media buys U.S. film studio Miramax (Reuters)
• Nanny who beheaded Russian girl cites revenge for Putin's Syria strikes (Reuters)
• Elliott Management’s wager on Argentinian government bonds has yielded $2.4 billion (WSJ)
• Tesla's Getting More Rivals as VW Scandal Clouds Diesel Outlook (BBG)

Donald Trump – Bad For Dollar, Good For Gold?

Donald Trump's emergence as the Republican frontrunner and possible future U.S. President is causing some gold and investment analysts to suggest diversifying into gold according to the Wall Street Journal.

Donald Trump - Gage Skidmore via Commons.wikimedia.org

From the WSJ:

The other winner from Super Tuesday could be gold.

While Asian stocks continued their longest rally since August overnight, led higher for the third consecutive day on the back of Japan (+1.3%), Australia (+1.2%) and China (+0.4%) strength, European stocks have as of this moment halted their longest rally since October (Stoxx -0.1%) and U.S. index futures are little changed.

Authored by Cathal Haughian via TheSaker.ie,

It has been our undertaking, since 2010, to chronicle our understanding of capitalism via our book The Philosophy of Capitalism. We were curious as to the underlying nature of the system which endows us, the owners of capital, with so many favours. The Saker has asked me to explain our somewhat crude statement ‘Capitalism Requires World War’.