Politics

Diplomatic relations between NATO members Germany and Turkey hit rock bottom on Monday when Germany's foreign minister Sigmar Gabriel said his country has no choice but to begin the process of pulling its forces out of Turkey's Incirlik air force base as the Turkish government will not allow all German lawmakers to visit troops there.

"Turkey has made clear that, for domestic political reasons, it cannot approve visits of all lawmakers," Gabriel told a news conference after meeting Turkish Foreign Minister Mevlut Cavusoglu in Ankara.

Having learned its lesson that both an "unexpected" result (in the case of Brexit and Trump), and a "priced in", favorable election outcome both lead to higher risk prices, the market no longer even pretends to be nervous about the outcome of this Thursday's general election in the UK.

A few months ago we highlighted a report published by Ray Dalio detailing his thoughts on the new 'populist' president entitled "Populism: The Phenomenon."  In reviewing the history behind historical populist movements from around the world, Dalio raised some concerns about what he viewed as a conflict-prone new administration and warned that populism is "more likely than not to become extremism."

Shortly after Saudi Arabia announced it had cut ties with Qatar over Doha's alleged support for Islamists and Iran, on Monday the kingdom said it had also shut the local office of Al Jazeera, Qatar's influential satellite channel, and had revokved its license. Riyadh views Al Jazeera as critical of its government, but the outlet says it is an independent news service giving a voice to everyone in the region. The move was announced by state television.

From Saudi press agency SPA, google translated:

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The Trump Train-Wreck

Written by Jeff Nielson (CLICK HERE FOR ORIGINAL)

Is Donald Trump the least-intelligent President in the history of the United States? We will never know, since U.S. presidents don’t have to pass I.Q. tests – they just have to win popularity contests.