European Union

Patriots, Flags, & Referenda - "We're All Screwed"

"There’s a lesson there. That we seem to have forgotten already. And now have to learn all over again. Through Colin Kaepernick, through the unbelievable Kurdish women’s YPG army, though the streets of Barcelona. Our world is screwed up, and we need to unscrew it."

If Amazon Takes Over The World...

Forget about the other tech giants: Amazon is poised to beat them all. What are the consequences for the rest of us?

"Go Out & Vote!" - Catalan Separatists Defy Spain, Distribute 1 Million Ballots Ahead Of Referendum

Following the confiscation of millions of ballots in recent days, and the Spanish governments' pressure on local mayors to deter the October 1st independence referendum, AP reports that the grassroots groups driving Catalonia’s separatist movement defied Spanish authorities on Sunday by distributing one million ballots for the vote that  Madrid has called illegal and vowed to halt.

Why The German Elections Matter, And Not Just For Germany

Germany's Sept. 24 election will likely result in one of the most fragmented parliaments the country has seen in decades. The country's two largest parties will try to avoid renewing their current coalition partnership, meaning smaller parties will play a big role in the formation of the next government.

Pound Flash Crashes After Moody's Downgrades UK To Aa2

In an otherwise boring day, when Theresa May failed to cause any major ripples with her much anticipated Brexit speech, moments ago it was Moody's turn to stop out countless cable longs, when shortly after the US close, it downgraded the UK from Aa1 to Aa2, outlook stable, causing yet another flash crash in the pound.

European Commission Responds To Theresa May Speech

"The EU will continue to insist on sufficient progress in the key areas of the orderly withdrawal of the United Kingdom before opening discussions on the future relationship. Agreeing on the essential principles in these areas will create the trust that is needed for us to build a future relationship together."

Frontrunning: September 20

  • Fed Poised to Set Portfolio Reduction Plan in Motion (WSJ)
  • Dollar close to 2015 lows as conflicted Fed prepares policy update (WSJ)
  • The Risk of a New Economic Non-Order (El-Erian)
  • A last, last chance: Republicans strain for Obamacare repeal (AP)
  • McConnell Won’t Promise Obamacare Repeal Vote as Foes Mobilize (BBG)

Paul Craig Roberts Exhorts "Whatever Happened To America?"

"When I was born, America was a nation. Today it is a diversity country in which various segments divided by race, gender, and sexual preference, preach hate toward other segments... America, the melting pot that produced a nation was destroyed by Identity Politics. Identity Politics divides a population into hate groups. This group hates that one and so on. In the US the most hated group is a southern white heterosexual male."