Several years ago, Gluskin Sheff's superstar economist (previously at Merrill), David Rosenberg (in)famously flipped from bear to bull, predicting what amounts to a victory for the Fed: a jump in (wage) inflation, a burst in economic growth, and an overall selloff in that most deflation-dependent asset, the US Treasury.
Authored by Judith Bergamn via The Gatestone Institute,
Hundreds of thousands of migrants who’ve appealed decisions by Germany’s immigration courts have brought the country’s legal system to the brink of collapse, a German judge warned on Friday.
More than 1.3 million migrants have arrived in Germany since the beginning of 2015. Since then, the sheer number of cases filed has overwhelmed the civil courts of the country, said Robert Seegmuller, chairman of the Association of German Administrative Law Judges, speaking to the publishing house Redaktionsnetzwerk Deutschland.
Authored by Drieu Godefridi via The Gatestone Institute,
We spend a lot of time talking about the public pension crisis because, well, it's a massive $5 - $8 trillion dollar overhang on the economy and one which will undoubtedly result in some heartache for investors at some point in the future. Unfortunately, there are some problems that are too large for even U.S. taxpayers to fix and, with an underfunding of $52,000 (mid-point) per household, somehow we suspect this is one of them.