Greece

Tomorrow's Vote In Italy Will Be A "Wide-Ranging F**k Off", And It's Just The Start...

"It's crazy. This is the explosion of an era. It's the apocalypse of the media, TV, the big newspapers, the intellectuals, the journalists… This is a wide-ranging F*** off." Italy is the next flashpoint. A “No” vote in Italy is virtually assured at this point. But it won’t be the end of the anti-elite surge. Voters in Europe’s biggest countries could soon throw out their “mainstream” parties in favor of populist and Eurosceptic alternatives...

Everything You Need To Know About The Italian Referendum (& Should Be Afraid To Ask)

While the post-Trump euphoria in US stocks has been the perfect distraction from the ugly realities elsewhere, this weekend's Italian Referendum could well be the biggest 'revolt' yet, topping Brexit and Trump. Should Italy vote "no", as polls forecast, PM Renzi may quit, leaving the Italian bank recapitalization would then be in jeopardy and, as Bloomberg's Mark Cranfield warns "we could be looking at a Greece-like market reaction on steroids."

"Highly Skeptical" JPMorgan Slams Reuters' ECB "Sources" Story On Italy

"We find it impossible to imagine the current QE programme being use to intervene in Italy without prior approval from the Governing Council. Finally, even if the ECB were minded to intervene in Italy, bond yields would likely have to rise dramatically from current levels before it acted." - JPM

'Real' Money & Why You Need It Now, Part 2

"It might work for a while. But the falcon of asset prices becomes deaf to the falconer of the real economy. Then, in a kind of financial never-never land, he gets lost completely and flies into a tree. Asset prices fall to the ground. Investors panic. Lenders call their loans. Art investors rush to auction off their tableaux. Lines form at ATMs."

Geopolitical Overhaul: What Will A Post-Obama World Look Like?

Debt reduction and the visible reduction of what is seen internationally as overbearing statism in the U.S. economy will be critical to building back long-term U.S. global capabilities. The U.S. has not seen such an opportunity for strategic reversal since the Reagan Administration. But only if the incoming Administration adheres to the principles which won it the election, and avoids the compromises which the bureaucratic base of government will attempt to force on it to avoid disruption of the status quo.

Sprott Money's picture

This Is Where I Get Off

Although we cannot predict how far the elimination of cash will spread, the further you are from the epicentre of the problem, the greater your chances of coming out with your skin on.

Furious Erdogan Lashes Out, Threatens To Let 3 Million Refugees Into Europe

The furious Turkish leader lashed out a day after the European Parliament called for a pause in Turkey’s EU accession talks in protest at Ankara’s “repressive” and “disproportionate” response to a violent coup attempt earlier this year. "We are the ones who feed 3m-3.5m refugees in this country," he said. "You have betrayed your promises. If you go any further those border gates will be opened."

Is Obama's World A Utopian Myth?

In 2008, Obama talked of Middle Pennsylvanians as poor losers clinging to their bibles, bigotries and guns as they passed from the scene. Yet, now, it’s looking like it may be Obama’s world headed for the proverbial ash heap of history.