France

Open Letter To Bavaria Minister-President Horst Seehofer

"I would like to commend you on your opposition to mass uncontrolled immigration into Europe. One would think that it would be trivial to praise politicians – who are elected to uphold law and order, meaning our culture and values – for doing so, but these are the times we are living in."

"We Are In A State Of War": Manhunt Begins For Berlin "Truck Terrorist"

Berlin was on high alert Tuesday after authorities said the suspect they had detained in connection with a deadly truck rampage through a Christmas market may have been the wrong man, while the interior minister of the German state of Saarland said that Germany "is in a state of war."

IMF Board Expresses "Full Support" In Christine Lagarde Despite Negligence Conviction

"The Executive Board took all relevant factors into account in its discussions, including the Managing Director's outstanding leadership of the Fund and the wide respect and trust for her leadership globally," the executive board said in a statement. "In this context, the Executive Board reaffirms its full confidence in the Managing Director’s ability to continue to effectively carry out her duties."

Morgan Stanley Reflects On The Lessons From 2016

"The biggest surprises in 2016 were clearly political – notably Brexit and the US presidential election. As a result, we will be keeping a close eye on political developments in 2017, notably in Europe, where not just Germany, France and Italy are heading to the polls in 2017, but also the Netherlands and possibly also Greece."

Will A Stronger Dollar Cause A Trade War With Europe?

Everyone and their dog in the marketplace realizes that an EMU (European Monetary Union) debt crisis before the German elections next Autumn could sink Chancellor Merkel. There is a deeper problem here. It is becoming clear that even beyond Europe’s election season, “monetary normalization” may well not be feasible.

Two Options: Reform The Economic System Now Or The Populists Will

This is what it comes down to: There was a credit explosion to the benefit of banks and the wealthy once Nixon closed the gold window. At that point, governments could print at will, and they did. Central bank policy cannot fix structural problems, only the free market can. And that includes a truly free market in money as well.

IMF Head Lagarde Convicted Of Negligence, Faces No Jail Time; IMF Board To Meet Shortly

IMF Managing Director Christine Lagarde was found guilty of one count of negligence by a French court today, according to Bloomberg News. She was accused of failing to prevent a massive government payout to businessman Bernard Tapie eight years ago, while serving as France’s finance minister, but most surprising, she will face no fine or jail sentence.

Key Events In The Coming Pre-Holiday Week

The key economic releases this week are durable goods and GDP on Thursday. Chair Yellen’s speech on the labor market on Monday afternoon is also likely to garner considerable attention.

"This Is Stupid" - Pennsylvania Electors To Get Police Protection

Electors in Pennsylvania will have police protection as they cast their ballots on Monday, The Pittsburgh Post-Gazette reported. One Pennsylvania elector, Ash Khare, told the Pittsburgh Post-Gazette that he receives thousands of emails a day trying to sway his vote.

America Warns European Travelers: Christmas Shoppers In Jihadist Crosshairs

"Credible information," quotes Newsweek, prompted a warning to American travellers to "exercise caution at holiday festivals, events, and outdoor markets," given planned attacks by Al-Qaeda and ISIS. Meanwhile, in Britain, the entirety of the country's elite Special Forces, the SAS, have had their leave cancelled as a consequence of undercover deployments across the nation's Christmas shopping districts.

Damaging The Deep State: Trump, Russia, And China

It has become clear Trump's attitude towards Russia and China is very different from that of his predecessors. Amazingly, he is already wresting power from the deep state, causing it great resentment, which under Obama, Clinton and the Bushes, ran geopolitical policy. From January, barring accidents the world will not be the same, the establishment up-ended.