general election

Authored by Denis MacEoin via The Gatestone Institute,

Presenting this morning's best overnight wrap, which comes courtesy of Rabobank's Michael Every, and whose title, "Is this the real life? Is this just fantasy?", was inspired by obvious events.

Market comments

“I see a little silhouetto of a man; Scaramucci, Scaramucci, will you do the Fandango?”

By Ed Rogers via The Washington Post,

While everyone is fixated on President Trump’s unbecoming and inexplicable assault on Attorney General Jeff Sessions, the media has been trying to sneak away from the “Russian collusion” story. That’s right. For all the breathless hype, the on-air furrowed brows and the not-so-veiled hopes that this could be Watergate, Jared Kushner’s statement and testimony before Congress have made Democrats and many in the media come to the realization that the collusion they were counting on just isn’t there.

New York City’s deteriorating subway has a rival for world’s most dysfunctional public transportation system. After only three months on the job, Bruno Rota, the head of Rome’s public-transit company has announced that he's leaving his post, saying that the Italian capital city’s decaying transportation system should declare bankruptcy, according to Reuters.

Why Surging UK Household Debt Will Cause The Next Crisis