Greece

European Peripheral Bond Risk Explodes: Forget Brexit, "Now It's Italy's Turn"

If there was any doubt that Brexit was "relevant" then the surges in European peripheral bond risk, despite massive bond-buying by The ECB, should send shivers up and down the status quo huggers that are shrugging the referendum decision off because "central banks will provide liquidity." However, it's not just The UK that EU officials need to worry about, as The Globalist notes, Germany will have to change its policies if it wants to avoid exit of other countries from the eurozone.

What The First 100 Days After Brexit Would Look Like

Before dawn on June 24, if an exit vote becomes clear, the EU’s top brass from Berlin to Brussels will be forced into damage control. In echoes of the Greek debt crisis, euro-area finance ministers may hold an emergency meeting as soon as that evening. Wild swings in the pound, more aggressive interventions by the Swiss National Bank and a ratcheting up of global instability rank as likely market reactions.

"The Politics Of Fairness Have Created The Economics Of Hopelessness"

"We’re following the European model which is to maintain the status quo: Don’t let competition damage or disrupt existing businesses. The politics of fairness create anti competitiveness...What we really need is the politics of hope: Let’s figure out how to make it easier to start a business."

Brexit Odds Hit Record High After Biggest UK Newspaper Urges Brits To Vote "Leave"

This weekend saw the 'upper/middle-class' Telegraph newspaper break ranks with the British establishment and suggest Brexit is the way to go. Today, we see more mainstream media mutiny as the 'working-class' Sun newspaper (owned by Murdoch and the largest UK newspaper) "urges everyone to vote Leave. We must set ourselves free from dictatorial Brussels," in the looming EU Referendum. While polls have been steadily increasing in Brexit likelihood, many have clung to the hope that bookies odds remained lower... until now, as Ladbrokes just reported Brexit chances hit an all-time high of 43%.

UK Establishment Loses The Mainstream Media: "Why I Am Voting To Leave The EU"

"Stripped of distractions, it comes down to an elemental choice: whether to restore the full self-government of this nation, or to continue living under a higher supranational regime, ruled by a European Council that we do not elect in any meaningful sense, and that the British people can never remove, even when it persists in error...Americans of all people should understand why a nation may wish to assert its independence."

"Hillary Is Closer To Mussolini Than Trump Is To Hitler"

Obviously, the sitting parties in Congress want nothing more than for Trump to be branded a fascist. Which is why Hillary Clinton not long ago compared him to Adolf Hitler. Through a wider philosophical and historical lens, there are two issues with that claim. First, Trump hasn’t killed anyone. Second, the person making the claim has. The problem for Hillary is that a lot of Americans understand this.

Big Names Are Bailing

The list of heavy hitters who are saying bad things about this world and its financial markets - while acting aggressively on their pessimism - is growing to alarming proportions.

Economic Collapse Will Serve One Purpose: "Global Governance And The Enslavement Of Mankind"

The ever-tightening noose around the neck of man shows no sign of slippage: all actions by all of the governments are anent control and dominion.  The path to global governance is plainly marked, visible through all of the turmoil.  It is that turmoil, those “incidents” that are created and fostered by the governments that enable them to further constrict the nooseThe economy plummets in Cyprus and Greece?  Time to limit the cash withdrawals.  The European banks are having a “hard time” in places such as France or Spain?  Time to pillage people’s savings and their IRA’s. Manufactured crises are the norm, not the exception, and all of them are designed to facilitate one purpose: global governance and the enslavement of mankind.

Former Fed President: "All My Very Rich Friends Are Hoarding Cash"

Fisher’s most telling comment came during the Q&A session when he was asked how his personal portfolio was positioned. Fisher’s response: “In the fetal position.” Moreover, he also said that “all my very rich friends are hoarding cash.” 

Sterling Volatility Explodes To Record High As Brexit Looms

With two polls being unleashed on the markets today indicating the largest lead for Brexit over Bremain yet with regard the UK referendum, it seems FX traders at least have begun to wake up to the short-term uncertainties a "leave" vote may entail. A short-term measure of expected price swings for the pound climbed for a third week as traders sought protection as two-week implied volatility, a period that covers the June 23 voting date, closed at its highest on record today.

"Deliberately Overblown" Brexit Fears Backfire

As the June 23rd BREXIT (the UK-wide referendum to leave the EU) vote draws near, the polls indicate a close result. Those urging a vote for the UK to remain inside the EU are suggesting increasingly dire economic consequences that would follow a yes vote by the British people to leave. Voices from London, Brussels, and Washington have all put immense pressure on British voters to bend to the will of the elites. To listen to their commentary one would think that apocalypse was just around the corner. But is there any substance to their warnings?

Soros Returns To Trading With "Big, Bearish" Bets On Economic Turmoil

After a nearly decade-long hiatus, not only has George Soros returned to trading, "lured by opportunities to profit from what he sees as coming economic troubles", but that he has personally directed "a series of big, bearish investments", meant to profit from the coming economic turmoil. The last time Soros became closely involved in his firm’s trading: 2007, "when he became worried about housing and placed bearish wagers." Over the next two years the bets netted more than $1 billion of gains.