The euro “might start to unravel” if Deutsche Bank collapses according to respected financial journalist, Matthew Lynn. “It all has a very 2008 feel to it …” he warns and outlines his and our growing concerns about Deutsche Bank.
Angela Merkel said on Monday afternoon she was “fighting” to make sure that there would be no repetition of the chaotic scenes on Germany’s borders last year, when “for some time, we didn’t have enough control” adding that “No one wants this to be repeated, and I don’t either,” Ms. Merkel said of last year’s refugee influx at Germany’s borders. “We have learned from history."
Angela Merkel's conservatives suffered their second electoral blow in two weeks on Sunday, with support for her Christian Democrats (CDU) plunging to a post-reunification low in a Berlin state vote due to unease with her migrant policy.
This simple two-step process would greatly diminish the Ministry of Propaganda's influence. It isn't that hard to understand, people: the voters should be able to review the candidates' medical exam results (i.e. the facts of the matter) so they can decide who's "fit to serve" in an informed fashion. Isn't that the core of democracy?
While correlation is not causation, it is certainly a wink and a nudge in this case. As Donald Trump's poll numbers soar so the Mexican Peso has been collapsing against the US dollar, and just broke to fresh record lows...
Following yesterday's paradoxical US stock surge catalyzed by a bevy of bad macroeonomic news, the overnight session has seen some good old "risk off" mood which hit European shares as a result of the previously reported $14 billion DOJ claim against Deutsche Bank, which sent Europe's biggest bank tumbling, dragging the banking sector lower, while a continued drop in the price of oil pushed energy companies lower.
If Angela Merkel has been waiting for just the right moment when she can unleash the Bundeswehr to "pacify" the unruly public, she may have an opening. According to Deutsche Welle, in the small town of Bautzen in the state of Saxony, a second night of violent clashes broke out between residents and migrants.
"Are you freaking kidding me? If it wasn’t a famous liberal woman the elite is dying to install as president, this person would be Cool Hand Lukeing it in Leavenworth until the year 2100. But famous liberal women don’t have to play by the rules. They can be bizarrely racist and the trained seals of the media will happily clap their fins. They can commit clear, unequivocal crimes and the FBI will eagerly do on its reputation what a bear does in the woods to excuse her. Because, after all, unlike us peasants, famous liberal women are special. "
With the US taking the day off to celebrate the unofficial end of the summer, global markets have been relatively quiet, aside from the dramatic moves in the energy sector over the past few hours, where crude soared in early trading as reported previously on a much-hyped joint statement by the energy ministers of Saudi Arabia and Russia, only to see the spike fizzle.
The latest victims of misinformed global central banking policies are retirees holding "universal life" policies...once again the "prudent" folks who saved for their retirement are exactly the ones being brutally punished for their efforts.
Gallup recently completed the "most robust and comprehensive study of the millennial generation" only to find them to be disengaged, aloof and completely incapable of prioritizing their own workload all while requiring constant pats on the back from management...