Europe

An animated short film made by two University of Kent historians challenges the present concept that immigration numbers are at a record high. Higher levels of migration was evident in Britain during recent and ancient history, according to researchers and archaeologists. EurekAlert reports: With migration now a major topic of debate across Europe, Professor Ray Laurence and Dr Julie Anderson, working with the University of Reading’s Dr Hella Eckardt, created a script and commissioned the film to provide the public, schools and policy makers with a better understanding of its history.

Yesterday, when looking at the exposure of the Canadian banking sector to energy, we found something disturbing: according to an RBC analysis, local banks were woefully underreserved.

More than one-fifth of the world’s total GDP is in countries which have imposed negative interest rates, including Japan, the EU, Denmark, Switzerland and Sweden.

Negative interest rates are spreading worldwide.

And yet negative interest rates – supposed to help economies recover – haven’t prevented Japan and Europe’s economies from absolutely going down the drain.

Nor have they even stimulated spending. As ValueWalk points out:

Submitted by Chris Martenson via PeakProsperity.com,

Financial markets the world over are increasingly chaotic; either retreating or plunging. Our view remains that there’s a gigantic market crash in the coming future -- one that has possibly started now.

Our reason for expecting a market crash is simple: Bubbles always burst. 

What a day... this seemed appropriate...