Newspaper

In "Victory For Eurosceptics" British PM Will Begin Brexit Negotiations Without Parliamentary Vote

In what the Telegraph dubs a victory for Eurosceptics, the conservative newspaper reported overnight that Britain's new Prime Minister, Theresa May, will not hold a parliamentary vote on Brexit before formally triggering Britain's withdrawal from the European Union. "Her decision will come as a blow to Remain campaigners, who had been hoping to use Parliament to delay or halt Brexit entirely."

Jackson Hole'd - A New Monetary Order Looms

The title of this year’s Jackson Hole meeting – “Designing Resilient Monetary Policy Frameworks for the Future” – is a telling one. It is actually a call to a specific goal, rather than the typical generic one. You get the feeling that the Fed has something on its mind... Translation: Fed projections have been wrong, and the central bank doesn’t know how to make them any better in the future.

Germany Debates Putting "Troops On Streets" To Protect Against Terrorism

One day after Merkel government was considering "bringing back nationwide conscription in times of crisis", such as situations in which the country needs to "defend NATO’s external borders", strongly hinting at the possibility of a future war, which followed this weekend's shocking announcement that Germans should prepare to stockpile several days of food and water "in case of an attack of catastrophe", today Germany debates putting troops on streets to protect against ISIS.

US Futures Fall, European Stocks Rise As Stronger Dollar Sends Oil Lower

European stocks rose and US S&P futures fell after the dollar strengthened following the latest hawkish comments from Fed vice-chair Stanley Fischer signalled that a 2016 rate hike is still being considered and again boosted speculation that US rates will rise this year. The rising dollar pressured commodities and notably oil, which dropped 2% breaking a 7 days stretch of increases; emerging markets retreated. 

For Sale: The World's First $1+ Billion Dollar House

While the French economy is struggling under the weight of both a collapse in tourism as a result of a recent surge in terrorist attacks, and the destructive influence of a socialist government, Nice Matin on Friday reported that the former home of Belgium King Leopold II can be yours (assuming you are a multi-billionare, of course) for "one billion euros."

Two More Banks Start Charging Select Clients For Holding Cash

Last weekend, when we reported that Germany's Raiffeisenbank Gmund am Tegernsee - a community bank in southern Germany - said it would start charging retail clients a fee of 0.4% on deposits of more than €100,000 we said that "now that a German banks has finally breached the retail depositor NIRP barrier, expect many more banks to follow." Not even a week later, not one but two large banks have done just that.

'Not My Fault!' Merkel Claims Islamic Terrorism Existed In Germany Before Refugee Influx

In a somewhat stunningly desperate effort to change the narrative (after being hit by numerous recent terror attacks claimed by ISIS), German Chancellor Angela Merkel proclaimed today that "islamist terror in Germany wasn't imported with refugees" adding that "terror existed in Germany before the refugee influx." Roughly translated, this Junckerian "don't blame me" lie is the latest effort to regain some public support in her nation (which has plummeted), continuing to position anti-immigrant sentiment as the biggest danger.