Renzi is set to address the nation some time around 12:20 am local time (6:20pm Eastern) following a slight delay, after losing the Constitutiona Referendum. The question on everyone's mind: will he resign?
While the technically-driven surge in equities may be over, a historic short squeeze in Treasuries may be about to unfold, as according to DB calculations, shorts in bond futures the largest in over 6 years. However that will be little comfort for commodity shorts who once again got carted out by the OPEC crew.
This week with the passing of Fidel Castro - another “distinguished” butcher comrade with all the assorted hypocrisies - we were reminded of how that scourge of humanity got a free pass yet again. The world by and large missed a great opportunity to set the historical record straight.
Just days after ISIS claimed responsibility for the terrorist attack at Ohio State University, perpetrated by their "soldier" Abdul Razak Ali Artan, student snowflakes across the campus remain cowering in their safe spaces of denial. As Rebel Media's Faith Goldy found, students were unable or unwilling to call the attack "terrorism" with one young man calling it a "misunderstanding."
One of the most fascinating aspects of market psychology is participants’ tendency to get bullish at new highs, especially in light of the fact that in recent years every major rally, especially those producing new highs, have set up for a sizable trade to the short side.
Austria voted against the anti-immigrant Freedom Party candidate Hofer in today's presidential election race which became the latest test of rising anti-establishment forces in Europe. A mapped breakdown shows that most of Austria voted for Hofer, however it was the big cities that again came to Van der Bellen's aid.
The family of a woman killed in the 2015 Paris attacks by ISIS claims in a lawsuit that Twitter, Facebook, and Google profit from targeted advertising linked to terrorist propaganda promoting violence.
That so few investors know about this enormous market, its importance, and relevance is frankly pretty shocking. Understanding it goes a long way to understanding why, despite the greatest monetary intervention we’ve ever seen by central banks, we’ve remained in a contractionary environment.
So who/what was most to blame for Hillary's loss? Was it Bernie Sanders, Putin, James Comey, "Fake News", Julian Assange, White Supremecists, The Electoral College, Jill Stein...certainly it wasn't Hillary.
Whether or not the referendum fails and subsequent early elections are held, the possibility that the Five Star Movement will eventually triumph at the national level cannot be discounted, because more and more Italians have grown weary of traditional political parties after decades of mismanagement and corruption.
“The fact that Trump managed to achieve success in business, suggests that he is a smart man,” Putin said in the NTV channel. “And as he is smart, that means he will fully and quite quickly be aware of a different level of responsibility.... Attempts to create a unipolar world have not succeeded. We are living in a different dimension."
Turkey is taking steps to allow commerce with China, Russia and Iran to be conducted in local currencies, President Tayyip Erdogan said on Sunday, the government's latest effort to shore up the tumbling lira.
Less than a month after the "shocking" election of Donald Trump as US president, the world prepares for another day of political shockwaves, this time out of Europe, when on Sunday all eyes will be on Italy and, to a slightly lesser extent, Austria.