European Union

Doug Casey Has "Never Seen Anything Like This"

"What's going on in the US now is a culture clash. They don't just dislike each other and disagree on politics; they can no longer even have a conversation. They hate each other on a visceral gut level. They have totally different world views. I've never seen anything like this in my lifetime. There hasn't been anything like this since the War Between the States, which shouldn't be called "The Civil War," because it wasn't a civil war. "

Frontrunning: March 21

  • Gorsuch Strives to Present Himself as Above Political Fray (WSJ)
  • Investigation Could Hurt Trump’s Clout in Congress (WSJ)
  • U.S. to Ban Laptops and Tablets in Cabins of Some Mideast Flights (BBG)
  • Tillerson no-show at NATO renews European disquiet about Trump (Reuters)
  • Don’t Blame Your Social Media Feed for the Growing Political Divide (BBG)
  • High-Frequency Traders Fall on Hard Times (WSJ)

America Is Hardly A Bastion Of Free Trade

Rhetoric has recently trumped reality. It has become a misconceived bit of common “knowledge” that the United States of America is a bastion of free trade. Little could be further from the truth.

Theresa May Will Trigger Article 50 On March 29, Starting Brexit Process

U.K.'s EU envoy Tim Barrow informed European Council President Donald Tusk’s office of Brexit trigger date Monday, Prime Minister Theresa May’s spokesman James Slack tells reporters in London. Slack says Britain will trigger Article 50 of the Lisbon Treaty, formally starting Brexit process, on March 29, via letter to EU

Is Denmark On The Brink?

"The Danes look at Sweden with absolute horror...Denmark is on the brink. And Europe is on the brink. We completely lost our culture, our values and our moral compass. What used to be good is now evil and vice-versa."

Row Breaks Out At G-20 Over Future Of Global Trade

A row appears to have broken out during today's G-20 meeting in Baden Baden, Germany - the first for the Trump administration - where the dominant topic is trade, and specifically how the "globalization vs protectionism" debate will look in a world where Donald Trump is president of the world's biggest economy.

Frontrunning: March 17

  • Oil Set for First Weekly Gain This Month (BBG)
  • Trump’s Budget Likely to See Major Rewrite in Congress (WSJ)
  • Trump, Germany's Merkel to hold first face-to-face meeting at White House (Reuters)
  • Tillerson Doesn’t Rule Out Preemptive Strike on North Korea (BBG)
  • Trump May Not Want Immigrants, but Rust Belt Mayors Do (BBG)

Will Chrystia Freeland Finally Ruin Canadian-Russian Relations?

What should Canada’s surviving veterans think about the Liberal government sending Canadian advisors to train Kiev’s armed hooligans? "Against Russian aggression," Freeland would no doubt retort. But even MSM journalists in Canada, not as venal as their American counterparts, have derided such talk as "delusional." The question is will the majority of Canadians fall for Freeland’s dangerous Russophobia?

Greece: A Democracy In Crisis

"The Greek people have just about reached the limits of their strength...Bishop Ambrossios is urging people to revolt.. and rebellious citizens, will declare themselves against the entire political system, and take their fight not to the parliament but to the streets."

Frontrunning: March 16

  • Fed's 'dovish hike' sends shares to record highs, dollar dips (Reuters); Markets Rally After Fed Rate Increase Decision (BBG)
  • Yellen Calms Fears Fed’s Policy Trigger Finger Is Getting Itchy (BBG)
  • Europe Gets Reprieve in Dutch Election, But the Center Fragments (BBG); Relief in EU capitals as Dutch PM sees off far-right's Wilders (Reuters)
  • Trump's first budget: military wins; environment, aid lose (Reuters)
  • Trump Says He Based Charge of Obama Wiretapping on Media Reports (BBG)

"Relief For Europe": Wall Street Analysts React To The Dutch Election

“It’s a big relief for markets, and this will prompt U.S. and U.K. investors to review their forecasts about the French presidential election. It’s positive for European assets, but without euphoria. It’s ‘back to business’ and we can focus on fundamentals and central banks again.”

Europe Mulls Acquiring Its Own Nuclear Deterrent

With Donald Trump leading the United States, Europe seems to be losing trust in the American nuclear umbrella. As the EU focuses on the need to have its own military, the issue of European nuclear deterrent comes to the fore. The debate has been triggered. This issue is intensively discussed in Germany.