European Union

Mark Carney Announces He Will Remain At The Bank of England Until June 2019

“I would be honoured to extend my time of service as Governor for an additional year to the end of June 2019. By taking my term in office beyond the expected period of the Article 50 process, this should help contribute to securing an orderly transition to the UK's new relationship with Europe.

Welcome To The Halloween Nation

How’s this for stupid and ugly? It’s the Russian’s fault that Hillary finds herself in trouble again?

Frontrunning: October 31

  • FBI in Internal Feud Over Clinton Probe (WSJ)
  • As Clinton struggles, Trump tries to raise doubts (Reuters)
  • Dollar shakes off Clinton FBI scare, global stocks stay spooked (Reuters)
  • Mark Carney stands ready to serve 8-year term at Bank of England (FT)
  • Clinton Team Questions FBI Director’s Motive (WSJ)
  • OPEC Splits Prevent Deal With Other Producers to Curb Supply (BBG)

US Orders Family Members Of Istanbul Consulate Employees To Leave

The U.S. Department of State is updating this Travel Warning to reflect the October 29, 2016, decision to order the departure of family members of employees posted to the U.S. Consulate General in Istanbul, Turkey.  The Department of State made this decision based on security information indicating extremist groups are continuing aggressive efforts to attack U.S. citizens in areas of Istanbul where they reside or frequent. 

The Coming Bond Market Crash - An Interview With Eric Hadik

"I believe 2017--2021 will represent the end and reversal of that multi-decade trend - as the debt bubble bursts and bond markets begin to crash... Each phase was a desperate battle between centralized, governmental control of currency versus universal, hard-asset based currency. And each phase saw the acceleration and intensification of that battle take hold in the ‘7’ year."

Philippines' Duterte Says God Told Him To Stop Cursing

While flying home from Japan, Duterte said "I was looking at the skies while I was coming over here ... a voice said that, 'you know, if you don't stop epithets, I will bring this plane down now'," and added "I said, 'who is this?' So, of course, it's God. OK. "So, I promise God ... not to express slang, cuss words and everything."

Pound Tumbles After UK Government Wins Brexit Suit In Northern Ireland Court

Moments ago sterling did what it has been doing so well these past few months, it tumbled by as much as 50 pips after a Northern Irish judge rejected a pair of challenges to the Brexit process, removing at least one obstacle to Prime Minister Theresa May’s plan to begin severing ties with the European Union by the end of March. 

The Mayor Of London: "My Side" Versus Reality

Taken as a whole, Mayor Khan's presentation to the Chicago Council on Global Affairs on "The Breakdown of Social Integration – The Challenge of Our Age," seemed to ignore unpleasant facts which suggest that there is more incompatibility of values than he is willing to admit -- in the interest of pushing an immigration agenda favored by his "side." Mayor Khan's presentation seemed designed to pacify Westerners and enable the spread of the rule of Islam.

Stalled EU-Canada Trade Deal Gets Greenlight Following Belgium Approval

One week after Canada demonstratively walked out of European trade talks, with Canada's Chrystia Freeland saying that "the European Union is not capable right now to have an international agreement, even with a country that has European values like Canada", moments ago a planned trade deal between the European Union and Canada overcame a key hurdle Thursday when Belgium said it would approve the accord.

Rajoy To Form Minority Government Thanks To Abstentions: Expect No Stability

Mariano Rajoy is headed for another term as Spanish prime minister following two inconclusive elections. However, should the socialists reorganize, Rajoy could easily find himself facing a vote of no confidence in a year or so. Rajoy is corrupt as they come. Ciudadanos had to hold its nose to enter this fragile minority coalition. There is nothing at all stable about this setup.

 

Frontrunning: October 25

  • Hilsenrath: Fed’s Task Ahead: How Best to Signal Year-End Rate Move (WSJ)
  • Fed Inclined to Raise Rates If Next President Pumps Up Budget (BBG)
  • World stocks, commodities climb as economic confidence lifts (Reuters)
  • Ahead of earnings: Apple Boosted by IPhone 7 Demand, Slowing Pace of Sales Decline (BBG)
  • Campaigns Brace for Election-Day Legal Battles (WSJ)

Frontrunning: October 24

  • The CEO Behind AT&T’s Huge Time Warner Deal (BBG)
  • AT&T-Time Warner deal sparks calls for scrutiny in Washington (Reuters)
  • Wall Street’s $40 Billion AT&T Pledge Offers Fees and Risks (BBG)
  • Bernie Sanders: Obama Administration “Should Kill” The AT&T-Time Warner Deal (Deadline)
  • Oil prices under pressure as Iraq resists joining output cut (Reuters)