Europe

Two months ago, in Europe's latest shocking, anti-establishment outcome, Austria's 31-year-old Sebastian Kurz became the world's youngest leader after his conservative People's Party won the Austrian National Council elections, making him Austria's youngest Chancellor in history, while the establishment Social Democrat party suffered its "worst result since Hitler rule."

Sebastian Kurz and his girlfriend Susanne Thier

Authored by Robert Huebscher via AdvisorPerspectives.com,

Easy monetary policies during the post-crisis period have propelled equity prices higher and driven bond yields lower. But as central banks reverse their quantitative easing (QE) and raise rates, this “Goldilocks era” will come to an end, according to Jeffrey Gundlach.

Authored by Gabriel Rockhill via Counterpunch.org,

Authored by Nick Cunningham via OilPrice.com,

More than half of Europe’s coal plants are already bleeding cash, but by 2030, the percentage of coal plants in Europe that report negative cash flow could explode to an estimated 97 percent.

Those findings come from a new report by the Carbon Tracker Initiative, which paints a dire picture for the economics of coal after surveying 600 power plants in Europe.

Lately, fund flow data has all the credibility of a NYT presidential poll two days before the Trump defeats Hillary.  On one hand, you have Lipper reporting that investors pulled $16.2bn from U.S.-based equity funds in the past week, the largest withdrawals since December 2016. The same Lipper also reported that taxable-bond mutual funds and ETFs recorded $1.2bn in outflows, with U.S.-based high-yield junk bond funds posting outflows of $922 million.