Netherlands

Wilders' Plan For Holland: Time For Liberation

"We must also liberate ourselves from the Europhiles in Brussels who wipe the floor with our identity, our sovereignty and our prosperity. We are no longer in control of our own borders, our own money, our own democracy. If we decide in a referendum that we do not want something, like the association agreement with Ukraine, then they force it down our throats anyways. Because the will of the people is not relevant to the elite. They are laughing at us."

European Politicians Terrified By "Horror Scenario" After Brexit, Trump

In the aftermath of Brexit and Trump, a European populist tsunami that seemed outlandish a few months ago is becoming reality, and the consequences for Europe's own political landscape are potentially huge. It is, as one European politican called it, a "horror scenario" and it is slowly coming true.

Europe's New 'Blasphemy Courts' Exposed

Europe is currently seeing the reintroduction of blasphemy laws through both the front and back doors, initiated in a country which once prided itself on being among the first in the world to throw off clerical intrusion into politics.

Citi: "A Clinton Presidency Will Be Marked By Near-Continuous Investigations, Impeachment Risk"

"Mr Trump ‎may be heading for defeat but the prevalence of low trust, identity politics and demographic divides across the developed world suggests that he will not be the last non-mainstream candidate to come close to power.  Moreover, a Clinton presidency is highly likely to be marked by near-continuous investigations as well as the risk of impeachment." - Citi

Italy Seen More Likely To Exit Eurozone Than Greece; Italian Bond Yields Surge

In an unexpected reversal of (mis)fortune, this morning Sentix writes that the Eurocrisis creeps back into the heads of the investors in a new way: it is no longer Greece, but Italy which is now the country that is most likely to leave the Eurozone within the year from the perspective of the more than 1,000 investors surveyed. "This development underscores the importance of the referendum to the Constitution in Italy on December, 4th."

The Mayor Of London: "My Side" Versus Reality

Taken as a whole, Mayor Khan's presentation to the Chicago Council on Global Affairs on "The Breakdown of Social Integration – The Challenge of Our Age," seemed to ignore unpleasant facts which suggest that there is more incompatibility of values than he is willing to admit -- in the interest of pushing an immigration agenda favored by his "side." Mayor Khan's presentation seemed designed to pacify Westerners and enable the spread of the rule of Islam.

RBC: "That Is VaR Crushing DV01 Destruction At Its Finest"

The absolute focus overnight / today is “core” macro though, as global developed market rates are being re-priced “risk manager style,” particularly with EGBs under MAJOR pressure as the buyside is caught wrong-footed (as I type, Slovak 10Y +7.2bps, Denmark 30Y +9.4bps, Netherlands 30Y +9.9bps, Finland 30Y +10.1bps, German 30Y +9.9bps, Austria 30Y +9.3bps…and even front-end seeing outsized moves with the Belgian 2Y +2.2bps).  That is VaR crushing DV01 destruction at its finest. 

Duterte Visit To China: Obama's Pivot Has Failed

Philippine President Rodrigo Duterte arrived in China to meet with Chinese Premier Xi Xinping. Duterte has become a very controversial figure in Asian politics as he has publicly excoriated U.S. President Barack Obama’s treatment of him and his country. Duterte's trip to China this week is very bad news for Clinton and Obama and it is very likely that the Asian Pivot policy will unravel in short order.