Meltdown

The Death Of Europe's Coal Industry

More than half of Europe’s coal plants are already bleeding cash, but by 2030, the percentage of coal plants in Europe that report negative cash flow could explode to an estimated 97 percent.

China Commodity Carnage Continued Overnight As Brexit Fears & Bitcoin Cheers Dominate

Once again weakness in the US carried through to Asia with stocks unable to hold any National-Team-inspired gains, but it was the contagion to commodities that stood out (as a hike in exchange fees snuffed out a lot of speculative fervor). However, the surge in Bitcoin (over $15k) and Brexit anxiety (cable vols highest since general election) was most notable.