Dudley's "Downside Risks" and Draghi's "No Limits" were all it took to trump the worst global macro data since 2012 (JPM Global PMI) and send stocks soaring... Some quick thoughts from (ironically) 1930...
Submitted by Nima Gholam Ali Pour via The Gatestone Institute,
That Sweden is a "humanitarian superpower" is a myth that needs exposing once and for all. The recent migration wave to Sweden has made some people poor and others very, very rich. It is all about money, and it is about winners and losers.
If liberal journalists outside Sweden believe that rape is humanitarian, then Sweden has a humanitarian migration policy.
The Marche, in Italy (Photo by Rod Dreher)
Many years ago, when I was in college, or maybe had just graduated, I was reading the latest issue of Vanity Fair on a flight to Europe, and read Bill Buckley’s answers to the Proust Questionnaire, a fun feature the magazine used to run (does it still? I haven’t read VF since Dominick Dunne died). Bill was asked, “What is your favorite journey?” And he answered: “Home.”
Whether or not Donald Trump ultimately succeeds in winning the White House, historians are likely to rank him as the most consequential presidential candidate of at least the past half-century. He has already transformed the tone and temper of American political life. If he becomes the Republican nominee, he will demolish its structural underpinnings as well. Should he prevail in November, his election will alter its very fabric in ways likely to prove irreversible.
In 1990, British Prime Minister Margaret Thatcher exclaimed her opposition the common currency and European integration very simply: "No! No! No!" Perhaps it is time to revisit her thoughts as Britain considers leaving The EU.