Netherlands

Tyler Durden's picture

The $2 Trillion Gamble That Saudi Arabia Cannot Win





The Vision for 2030 is mostly smoke and mirrors. Saudi Arabia probably cannot replace the money it will lose if oil goes out of style and so is doomed to downward mobility and very possibly significant instability. It has been a great party since the 1940s; it is going to be a hell of a hangover.

 
Tyler Durden's picture

Latest Shock From Europe's Refugee Crisis: Austria Right-Wing Party Sweeps First Round Of Presidential Election





The fallout of popular anger emanating from Europe's refugee crisis continued today with a dramatic result from the first round of Austria's presidential election, where initial results showed that the candidate of the Freedom Party, Austria's right-wing, anti-immigrant party has swept his competition, gathering over 35% of the vote and leaving the other five candidates far behind.

 
Tyler Durden's picture

Turkey's Erdogan Goes Full-Dictator: Arrests Dutch Journalist For Critical Tweet





Erdogan may have finally gone too far following the arrest of a Dutch-Turkish journalist, Ebru Umar, who was detained early on Sunday at her home in Turkey for tweets deemed critical of the Turkish president according to her Twitter account. Or maybe not: after all Europe needs Turkey now more than ever to halt the mass flow of Syrian refugees within its borders or else virtually all ruling parties in Europe are threatened with being replaced in any upcoming elections. And Erdogan knows this.

 
Tyler Durden's picture

The SPV Loophole: Draghi Just Unleashed "QE For The Entire World"... And May Have Bailed Out US Shale





"The ECB stands ready to buy bonds from Euro Area issuers even when their parent companies are outside of the bloc. Already we can find a number of US, UK and Swiss headquartered names that issue out of SPVs incorporated in the Euro Area. If this trend to SPV issuance catches on, then the ECB’s policies will likely be very reflationary for all credit markets across the globe, and because of a likely refinancing wave – equity markets too."

 
Tyler Durden's picture

Europe: Suicide by Jihad





Europe looks like a dying civilization. European political leaders know that every decision they make may provoke reactions among the Muslims living in Europe. Muslim votes matter. Riots occur easily. In France, Belgium, other European countries, Islamists are present in the army and police forces. In the meantime, Islamist organizations recruit and Islamic lobbies gain ground. European governments are now hostages. The European media are also hostages. Political movements expressing anger and concerns are rising. All are demonized by political power holders and the media. They have almost no chance of gaining more influence. Populations are gnawed by fear, frustration and impotence.

 
Tyler Durden's picture

Bundesbank Defies Elites: Warns That "Plans To Abolish, Criminalize Cash Out Of Line With Freedom"





With everyone from ivory tower academics to sin-street hookers proclaiming the need for and benefits of a "war on cash" to save the world from criminals and tax-evaders (oh yeah and to stop NIRP-driven savers from hording cash and crushing central planners' dreams), it is perhaps shocking that Bundesbank board member Carl-Ludwig Thiele warned at an event this week that the attempt to abolish and criminalize cash is out of line with freedom. He said that citizens should continue to decide how and in what form they want to use their money.

 
Tyler Durden's picture

Denmark, Belgium, Now The Netherlands: Negative Mortgage Rates Spread Across Europe





"Unless a miracle happens and the European and Japanese economic cadavers suddenly sit up and rub their eyes, central banks will eventually have to give up and admit defeat. The hope will be that not too much damage has been inflicted.... But that is central banking for you, in the era of leverage: take from the savers and give to the borrowers in the hope that they will "do something".Not so far, they’re not … they’re just punting it on real estate."

 
Tyler Durden's picture

Futures Fade As Chinese "Good News Is Bad News" For Fed, Oil Drops As Doha Concerns Emerge





Good news is still bad news after all. After last night's China 6.7% GDP print which while the lowest since Q1 2009, was in line with expectations, coupled with beats in IP, Fixed Asset Investment and Retail Sales (on the back of $1 trillion in total financing in Q1)  the sentiment this morning is that China has turned the corner (if only for the time being). And that's the problem, because while China was a good excuse for the Fed to interrupt its rate hike cycle as the biggest "global" threat, that is no longer the case if China has indeed resumed growing. As such Yellen no longer has a ready excuse to delay. This is precisely why futures are lower as of this moment, because suddenly the "scapegoat" narrative has evaporated.

 
Tyler Durden's picture

EU President Is "Sad" After Dutch Reject "Closer Ties" With Ukraine In Huge Victory For Euroskeptics





After yesterday's shocking Dutch referendum outcome, in which a vast majority of local voters rejected a Ukraine-European Union treaty on closer political and economic ties, seen by many as an indication of "Euroskepticism", moments ago European Commission President Jean-Claude Juncker explained how that made him feel. According to Reuters, "he was saddened by the outcome." "The president is sad," European Commission spokesman Margaritis Schinas told a regular news briefing.

 
Tyler Durden's picture

Dutch Referendum May Have Unleashed European "Continental Crisis"





The outcome of a non-binding Dutch referendum on broader European Union ties with Ukraine was too close to call on Wednesday, with a vital turnout threshold hanging in the balance, exit polls showed. The vote, launched by anti-EU forces, is seen as test of the strength of eurosceptics on the continent just three months before Britain votes on whether to stay in the European Union.

 
Tyler Durden's picture

As Pfizer-Allergan Sinks, These "Inversion" Deals Could Be Next





While the Pfizer-Allergan $160 billion merger may be the most notable casualty of the Treasury's decree, there are various other deals working on corporate inversion deals or who have carried out inversions in the past. They are shown in the list below,

 
Tyler Durden's picture

"Risk Off" - Global Stocks Slide As Yen Surges To 17 Month High; Bund Yields Plunge





The market's slumberous levitation of the past month, in which yesterday's -0.3% drop was the second largest in 4 weeks and in which the market had gone for 15 consecutive days without a 1% S&P 500 move (in March 2015 the sasme streak ended at day 16) may be about to end, after an overnight session, the polar opposite of yesterday's smooth sailing, which has seen a sudden return of global risk off mood.

 
Tyler Durden's picture

ISIS In Europe: How Deep Is The "Gray Zone"?





How many Muslims will this ISIS virus be able to infect in the vast European "gray zone"? The answer will determine our future.

 
Phoenix Capital Research's picture

When Stocks Adjust to Economic Realities, Many Investors Will Lose Everything





Global trade contracting, Wal-Mart posting its first ever decline in revenues... stocks on the edge of a cliff.

 
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