Czech

Asian Market Rout Goes Global On Tech, Tax And Government Shutdown Tremors

A selloff which started in Asia, driven by renewed liquidation of Chinese and Hong Kong tech stocks and accelerated by weaker metal prices which pushed the Shanghai Composite below a key support and to 4 month lows, spread to Europe and the rest of the world as investors continued to lock in year-end gains among the best performing assets amid a broad risk-off mood.

Geert Wilders: "It's Time To Drain The Swamp... In Europe"

"Our democracies have become fake democracies. They are multi-party dictatorships, ruled by groups of establishment parties... Our democracies in the Western half of Europe have been subverted. Their goal is no longer to do what the people want. On the contrary, our political elites often do exactly the opposite."

Frontrunning: November 21

  • U.S. sues to stop AT&T buying Time Warner, says would hike rates (Reuters)
  • Merkel Tells Her Rivals: Back Me or Face Voters (BBG)
  • German Turmoil Threatens Europe (WSJ)
  • European Giants Are Making a Bad Month Worse for Stock Market (BBG)
  • Taylor Swift Is Building a Wall (VF)

Frontrunning: November 20

  • Merkel faces worst political crisis of her career (FT)
  • Merkel’s Failure Is Bad News for May (BBG)
  • Trump open to dropping healthcare provision in Senate tax bill: aide (Reuters)
  • Bitcoin's White-Knuckle Ride Continues as It Dashes Past $8,000 (BBG)
  • UK Preparing Enhanced Brexit Cash Offer (BBG)

Russia's Arms Sales To Middle East Countries Spike To Record-High Levels

"It’s not S-400 only. Russian weapons, especially aircraft and air defense systems, have proven to be a cost effective alternative to much more expensive Western systems...All in all, the spike in Middle East arms sales is a success story for Russia’s defense industry. "

Germany: Spike In Stabbings

"Chancellor Angela Merkel's open-door migration policies have set in motion a self-reinforcing cycle of violence in which more and more people are carrying knives in public - including for self-defense..."

A Europe We Can Believe In

"In this moment, we ask all Europeans to join us in rejecting the utopian fantasy of a multicultural world without borders. We rightly love our homelands, and we seek to hand on to our children every noble thing that we have ourselves received as our patrimony..."

Meotti: The Migrant Crisis Upended Europe

"The migrant crisis is the 9/11 of the European Union... That day in 2001, everything changed in the US. In a minute, America discovered its vulnerability. Migrants had the same effect in Europe...It is a turning point in the political dynamics of the European project..."