This week will be all about rhe "Thursday Turmoil Trifecta" when the UK general election will be highlight of a busy week together with the ECB monetary policy meeting, while rounding off events in the US will be James Comey's first public testimony since he was fired by Donald Trump in which he is expected to testify that Trump pressured him to end the Russian probe into Mike Flynn.
Authored by Don Quijones via WolfStreet.com,
Catalonia’s independence would set off Spain’s debt time-bomb.
On Monday El Pais published leaked excerpts from what it claims to be the Catalonian regional government’s road map to independence. The secret document includes a plan for the region to unilaterally break away from Spain should its citizens be prevented from holding a referendum on independence in the fall.
Update from Reuters, which reports that Temer has deployed troops to protect government buildings::
* * *
Authored by Mike Shedlock via MishTalk.com,
Last year, the socialist party (PSOE) leadership ousted Pedro Sánchez as its head when Sánchez refused to allow a minority government of Mariano Rajoy to form. Susana Díaz took over as party head.
Authored by Jose Nino via The Mises Institute,
Venezuela Before Chavez: A Prelude To Soclialist Failure
Venezuela’s current economic catastrophe is well documented. Conventional narratives point to Hugo Chávez’s regime as the primary architect behind Venezuela’s economic tragedy. While Chávez and his successor Nicolás Maduro deserve the brunt of the blame for Venezuela’s current economic calamity, the underlying flaws of Venezuela’s political economy point to much more systemic problems.