Newspaper

Brexit Campaigning Suspended For Second Day, Referendum Vote "In Limbo"

Following the tragic murder of Jo Cox, Brexit campaigning was suspended for a second day on Friday.  Events planned by the two main campaign groups were canceled, while publication of opinion polls and an International Monetary Fund report were delayed until the weekend as tributes were paid to Cox. As Reuters adds, the murder "has thrown a June 23 referendum on European Union membership into limbo."

Will Brexit Give The US Negative Interest Rates?

One of the oddest things in this increasingly odd world is the spread of negative interest rates everywhere but in the US. One answer is that the Bank of Japan and the European Central Bank are buying up all the high-quality (and increasing amounts of low-quality) debt in their territories, thus forcing down rates, while the US Fed has stopped its own bond buying program. The other answer is that this is just one of those periodic anomalies that persist for a while and then get arbitraged away. And Brexit might be the catalyst for that phase change.

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.

“Islamic Refugee” With Gas Pipeline Plans Arrested In New Mexico Border County

Police in a U.S. town bordering Mexico have apprehended an undocumented, Middle Eastern woman in possession of the region’s gas pipeline plans, law enforcement sources tell Judicial Watch. Authorities describe the woman as an “Islamic refugee” pulled over during a traffic stop by a deputy sheriff in Luna County, New Mexico which shares a 54-mile border with Mexico.

All Eyes On Yellen As Global Stocks Rebound Despite Brexit Fears, Record Low Yields

US equity index futures and global stocks rebounded for the first time in 6 days, ahead of Federal Reserve Chair Janet Yellen’s remarks, while Chinese manipulation prevented a selloff in Chinese stocks when MSCI refused to add the country to its EM index due to fears about... manipulation. Sterling has rebounded despite ongoing Brexit doom and gloom. Oil is the only key commodity that has failed to stage a modest rebound, while gold is down alongside the dollar, just because.

Bilderberg Chairman Warns Brexit Possibility "Extremely High"

Just day after their mysterious annual meeting in Dresden, it appears The Bilderberg Group's gravest concern is Brexit. While everything from The Middle East to Donald Trump was on the agenda, the remarks this week from AXA CEO (and Chairman of The Bilderberg Group) Henri de Castries that there is an "extremely high" probability that the U.K. will vote to leave the European Union and investors will face “a true landscape of uncertainties," suggest the establishment is concerned.

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%.

Soaring Brexit Fears Spark Global Flight To Safety, Send 10 Year Bunds Tumbling Below 0%

The UK EU referendum is suddenly totally dominant in financial markets. The increased focus comes as the leave campaign has gathered steam as 4 polls yesterday afternoon/evening put the 'leave' campaign ahead. As a result of the continued global scramble for safety, German 10Y bunds finally dropped below 0% for the first time ever, while global risk assets are red around the globe.

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."

Global Stocks Plunge; US Futures, Oil Slide As Brexit Fears "Jolt Markets"

Right now it is all about the immediate fate of the UK, and as Bloomberg explains the "jolted markets" and overnight plunge in global risk assets, "growing anxiety over the prospect of the U.K. exiting the European Union dominated financial markets, sending global stocks down for a third day and the British pound to an eight-week low while boosting demand for havens such as the yen and gold."

Swedish Politicians: "Islam Is Definitely Compatible With Democracy!"

"Democracy is a man-made system, meaning rule by the people for the people. Thus it is contrary to Islam, because rule is for Allaah... it is not permissible to give legislative rights to any human being..." So far, throughout history, and now in the world's 57 Muslim countries in the Organization of Islamic Cooperation (OIC), nowhere has Islam been compatible with democracy, freedom of speech, human rights and legal certainty.