presidential elections

Submitted by Bill Bonner of Bonner & Partners (annotated by Acting-Man's Pater Tenebrarum),

Heresy!

The Dow rose 222 points on Tuesday – or just over 1% - and everyone was exuberant...but things have not turned out well since. We agree with hedge-fund manager Stanley Druckenmiller: This is not a good time to be a U.S. stock market bull.

Legendary former hedge fund manager Stanley Druckenmiller at the Ira Sohn conference – not an optimist at present, to put it mildly.

Two weeks after Austria's dramatic result in its first round presidential elections which saw the right wing, anti-immigrant Freedom Party sweeping its competition, gathering over 35% of the vote and leaving the other five candidates far behind, moments ago Austria unveiled the latest casualty from Europe's anti-refugee, right wing revulsion when the country's Chancellor Werner Faymann resigned after losing the support of his colleagues in the Social Democratic party.

Submitted by Soren Kern via The Gatestone Institute,

• A 20-year-old asylum seeker from Iraq confessed to raping a 10-year-old boy at a public swimming pool in Vienna. The Iraqi said the rape was a "sexual emergency" resulting from "excess sexual energy."

• Those who dare to link spiraling crime to Muslim mass migration are being silenced by the guardians of Austrian multiculturalism.

Yesterday when we reported on the dramatic plunge in the Turkish Lira, which crumbled the most since 2008 on a report that a denied AKP party convention was going to take place, we predicted that this means a resignation of PM Davutoglu, who having been caught in a bitter power struggled with president Erdogan would likely resign, we said "if the convention is confirmed, it means that Turkey is about to be swallowed in yet another bitter political crisis, which will likely result in Erdogan concentrating even more power, unless of course he is stopped which in turn would me

Ross Douthat says the results of this GOP primary process are “a defeat for True Conservatism™” — that is, the idea that all defeats of GOP candidates can be explained by their lack of ideological purity. Excerpt: