“If the ECB merely does on 3 December what is effectively priced by the market, we could collectively wake up on 4 December feeling a bit deflated, like a child discovering on Christmas day that his parents ‘only’ gave him what he/she had asked for, without the ‘little extra’ that would have kept him/her smiling all day long."
French police fired teargas Sunday to disperse climate change activists in Paris who threw objects at them during a demonstration ahead of key UN talks. Riot police took action after a small group of masked protesters in the Place de la Republique square began chanting "State of emergency, police state", after 24 climate activists were arrested under France's new "state of emergency" laws.
In the aftermath of last week's dramatic events in Turkey, one would expect that the "democratic, humanistic" western countries would at least issue a harsh condemnation of Erdogan's behavior. That won't happen: instead, the European Union will pay Turkey $3.2 billion to help it stop the flow of refugees to Europe from the conflict in Syria, 2.2 million of whom are currently in Turkey and to prevent Europe's worst refugee crisis from getting even worse.
A day after Turkey arrested two journalists for their report exposing Erdogan's weapon deliveries to extremist groups in Syria, confirming that no dissent to the president's foreign policy would be allowed, today a new riot has erupted in Istanbul following the dramatic murder in broad daylight of Tahir Elci, the president of the Turkish bar association in southeastern Diyarbakir province, who was shot dead by unidentified gunmen while giving a public speech.
Another 'mass' shooting, and another outraged statement from President Obama proclaiming "enough is enough." With 9 injured, and 2 police officers and 1 civilian dead after the dreadful standoff at a Planned Parenthood office in Colorado Springs, the President took the opportunity to explain "we have to do something about the easy accessibility of weapons of war on our streets to people who have no business wielding them. Period." Of course, any discussion of the shooter's mental health, the violent polarization towards and politicization of abortion among an increasingly micro-aggressive America were conveniently ignored.
Within the last week China appears to have hit the panic button with regards the seemingly unstoppable collapse of commodity prices. First, desperate Chinese producers began to demand a QE-for-commodities bailout; then, following the well-trodden (and failing) path of China's equity market maipulation, authorities began to crackdown on "malicious" commodity short-sellers. So why now? Why focus attention on the commodity markets? Perhaps this chart holds the key...
With many suggesting the world, already gripped in a global terrorism frenzy courtesy of the CIA-created "Islamic State", is on the verge of World War III (and with a NATO power bringing down a Russian fighter jet for the first time in over 60 years one can see where they get that idea) the result has been an unprecedented surge in demand for mode n weapons of all shapes and sizes... made in the US. Demand so high, in fact, that the US simply can't keep up: "It's worldwide. The demand signal is coming in Europe, in the Pacific and in Centcom."