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IceCap Asset Management: "The Only Thing Booming In Europe Is Separatist Movements"
The stock markets are booming, the economy is booming, and the main stream media is booming with stories about both. Yet, as IceCap Asset Management's Keith Dicker warns, if one looked closely between all of this booming, one would find that everything isn’t quite booming after all.
For starters, the latest Wall Street Journal/NBC poll reported 54% of respondents would vote to replace EVERY member of the American congress if the ballot option was available. Let’s think about that for a moment – the majority of people in the most democratic country in the world would boot out every single elected official in Washington.
This isn’t exactly a booming vote of confidence.
The same poll also reported that 66% believe the American economy is on the wrong track and 65% said their representative didn’t deserve another term in Washington.
But, the economy and the stock market are booming.
Shifting our attention to Europe, the big media and governments are also reporting that the stock market is booming and the economy is also booming once again – just as the governments hoped (there’s that word again) it would.
Yet, if the stock market and the economy are booming why do we see:
- UK considering leaving the European Union
- Scotland voting to leave the UK
- Catalonia voting to leave Spain
- Venice voting to leave Italy
- Greece not being allowed a vote on leaving the Eurozone.
From our perspective, the only thing booming in Europe are separatist movements – no one wants to stay, except of course those who have a vested interest in the status quo.
...
We are very confident that it is only a matter of when – not if, the Eurozone breaks and the breaking will be caused by either a planned election or a grass roots social movement to force change.
Now, there are numerous straws that can break the European camel’s back – simply close your eyes and pick one. The point being, despite umpteen different bailouts, followed by umpteen different stimulus programs, neatly delivered by umpteen different election promises – current European governments are increasingly becoming less enamoured by its voting citizens.
Full IceCap Letter below:
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and what else is booming ? Student debt is going up. Graduates' incomes aren't. http://vox.com/e/5478587 via @voxdotcom
You lost me at "the most democratic country in the world"....
Hopefully the next frontier for the separatists is the US.
+1000
And the only thing booming in NYC is a failing newspaper:
The New York Times gets a Clitoridectomy
I always said that the NYT was staffed by a bunch of c**ts...
Europe is toast. But that only means eventual strengthening of the U.S. dollar and a forthcoming collapse in gold. Read it and weep, bitches.
Underway already--and mainstreamed instantly. (http://www.usatoday.com/story/news/nation-now/2014/02/21/california-six-states-plan-tim-draper/5673283/)
Of course I demand a ballot to name our State by the Citizens. "South California" sucks ass. This is Southern California...we should name in Nirvana, Bliss, Freedom or some similar platitude.
That way when some asshole politician recognizes our representative on the floor he'll have to say 'From the Great State of Nirvana', 'From the Great State of Bliss' or 'From the Great State of Freedom'.
Hmm, so "ProgressoPukes" was taken, then?
The area proposed is pretty conservative. Long Beach, San Diego, Deserts...except San Bernardino, commies and progressives fester in that particular shithole.
What about naming it "POT". The great state of Pot!
Donetsk just separated from Ukraine earlier this week.
If there ever was a time for that stunt, it is now. The Kenyan doesn't have the nerves for confrontation. Libya, Syria, Ukraine. He lets his thugs do the dirty work. And they do a pretty lousy job evidently. And he'd need to pay his thugs well, very well, for fighting for his regime. Won't be able to afford that. The only problem is, there is yet a governor with the nerves to make such a move. Who will do it? Who will secede from this deteriorating union?
Pop those pensions.
The professors should of seen it coming.
I read the whole thing. S and P Iis the most expensive it's ever been, but they don't see a major crash, just a correction.
Why? Because the rest of the world is so much worse, everyone will pour money into the US. That's a bet I wouldn't be willing to make. Plausible, yes, but they don't know how this will play out, lots of assumptions in that call.
it's amazing that a bunch of limped dicked euro egg heads have kept this farce from going completely off the boil. soccer must really occupy all the hooligans time....
Other than for the 4% of the world's population that is the US, the game is known as Football.
soccer players pretend to be hurt......hockey players pretend NOT to be hurt...Rugby players laugh at Hockey players
nuff said about phootbawll
it's phootbrawl.
Who's going to rise up against the government that's handing them their bennies?
"Just enough to quiet them down, not enough to make a difference" -LBJ
LBJ, what a cocksucker. I wouldn't doubt if he had Kennedy assassinated.
I saw a campaign advert for Jean-Claude Juncker's European Parliamentary election the other day and I actually thought it was a piss take. It was something about iPhones and Tablets are the future of the Eurozone (ie: "let them eat iPhones").
I'm a local and I had to Google the jackass just to figure out who he actually is. I swear that this entire continent will be speaking Russian in 20 years. Bunch of bureaucrats that are completely dislocated from the average citizen making decisions to expand big government.
Soon to be heading stateside as well!!!
Are we paying 5 billion each for all of those bowl movements?
Bowl movements?
+10- I'm so old I couldn't see the lack of "e" in the subscript.
lol... so funny because it's true...
Decentralization is what we all need. I'm so glad it's happening in the Eurozone. Farage and the UKIPs are moving in the right direction in Britain it seems (though what do I know i'm an American) and I hope once the Euro crashes and burns from everyone leaving it that the world's attention moves to where it belongs the Paper Tiger Dollar System.
Next few weeks shaping up to be some crucial elections. Ukraine & European Union (May 25), and then a by-election in the UK which UKIP will be hoping to ride the momentum from the EU elections and win their first seat in the UK Parliament. Can they do it? I reckon they're definitely a shot.
Throw in a new PM in India, Mr. Modi, will he turn to Putin & China and try to to strengthen the BRICS alliance?
Then we have Putin in China next week presumably inking some deals and then a couple of interesting anniversaries in the first week of June. 25 years since Tiananmen Square (June 4) and even more interesting - 70 years since D-Day (June 6) - just how frosty will that whole "celebration/commemoration" be???
Can't wait to see Putin shaking hands with Obama/ Biden/ Cameron/ Hollande/ Harper and co. Surely no cold shoulders as we commemorate the souls of soldiers lost?
Andd then the world is off to Brazil for a month for the World Cup (June 12 - July 13). I doubt Putin would want to spoil his mate's coming out party in Brazil, so one wouldn't expect any real fireworks until late July at the earliest when things are very definitely warming up.
Crucial elections? LOL, good one!
Captain, there's a 99.894367% chance people will blame immigrants when the inflation hits.
There's a 99.894368% chance that people will claim allowing hundreds of millions of unskilled, uneducated third world immigrants into the USA will create an economic boom even though those same third world immigrants could not create an economic boom in their countries of origin.
And in the US they are pushing for opposite and the pack mules just keep giving consent. At least they are starting to show their real colors. Keep giving consent by paying your taxes and going and being a pack mule.
http://dailycaller.com/2014/05/13/insurer-obamacare-customers-must-break...
Health insurers are now openly admitting that with Obamacare’s reforms, patient choice can no longer be a priority for Americans.
“We have to break people away from the choice habit that everyone has,” Marcus Merz, CEO of Minnesota insurer PreferredOne, told The New York Times Tuesday. “We’re all trying to break away from this fixation on open access and broad networks.”
With boatloads of mandatory services provided each and every customer whether they’re wanted or not, health insurers’ costs are going up. If insurance companies are going to keep prices at a manageable level, narrow networks are one of their only options. So far under the health care law, networks are narrowing while premiums are going up.
While insurance companies are trying to acclimate their customers to narrow networks, the limited choices were clearly not part of the promise President Barack Obama made when selling his health care law.
...
You see the creep in the thinking.....
I see creeps thinking too
Europe should join Russia
Everyone should join Russia!
If Scotland wants independence then so be it, but sorting out the political and economic ties with the rest of the UK, may be difficult. Scotland has to be allowed to stand on its own two feet without the rest of the UK financially and economically supporting it. The Euro proves that more than one sovereign country cannot easily use the same currency.
Portugal, Ireland, Greece, Italy and Spain have discovered that you cannot have full independence and share a currency. Another problem is that if the UK Government is to agreeable to a separation, will Wales and Northern Ireland move towards independence? That might encourage similar movements in Catalonia, Belgium, Northern League in Italy, Basques, Cornish, and among the Poles. Careful what you wish for, this could lead to a great deal of internal civil strife. More on this subject in the article below.
http://brucewilds.blogspot.com/2013/06/british-pound-and-independant-sco...
The whole castle of the power that be is built on sandy foundations.
these financial commentaries are written as if by someone who just recently opened their eyes and does a quick write up from a 'financial perspective' of world history and geo=political forces of europe.
THIS IS TOTAL TRASH WHEN PREDICTING THE FATE OF THE EURO-ZONE.
the EUROZONES EXISTENCE IS INTIMATELY WRAPPED UP IN THE GAME OF SECURING MILITARY DOMINANCE FOR NATO.
THE U.S. WANTS EUROPE TO STAND TOGETHER AS THE EU CAN BE USED AS A COERCIVE TRADING BLOCK TO DRAW EASTERN AND NORTHERN EUROPEAN NATIONS INTO NATO.
THE EU AS A TRADING BLOCK IS DEPENDENT ON BANK FINANCING FOR DOLLAR SWAPS FROM THE TREASURY MAKING THE EURO-BLOCK A SOURCE OF LEVERAGE FOR U.S. DOLLARS.
APART FROM U.S. INTEREST. GERMANY AND FRANCE WILL EVENTUALLY RAISE AN ARMY TO COERCE EURO PERIPHERY COUNTRIES TO STAY IN THE CORE.
PARAMILITY, SECRET POLICE, RIOT POLICE, THE WHOLE WORKS.
THE EURO MIGHT FALL APART , BUT IT'S NOT FUCKING LEHMAN BROTHERS. THESE ARE BIGGER THINGS THAN MERE FINANCIAL COLLAPSES.
"why do we see:
From our perspective, the only thing booming in Europe are separatist movements – no one wants to stay, except of course those who have a vested interest in the status quo."
ANSWER: Because you only choose to see what you want to see?
amazing misrepresentations, here. after May 25% I wonder how they are going to explain the electoral results
Habidere!
NVM the financial analysis in the article, or the fact that anti-EU movements have been growing at record pace the past 24 months, you decide to make a big "to do" that this article doesn't include pro-EU sides to the argument.
And I bet you one shiney new DM they have sitting in the Bundesbank's basement that if the Greeks were fed an accurate market representation of what would happen to their country if they left the EU and EMZ, its popularity would be in single digits.
Your cheerleading of the project needs to end, and now.
I said this last year at this time on here, and I'll say it again --
As long as the PIIGS+France's respective populations continue to buy into the "European Union and the EUR are good for us all" propaganda, and they don't openly revolt -- they deserve to be enslaved. We need Greece to get Ukrained.
Junk away fuckers.
em, as a resident of the smaller i in PIIGS, I can assure you that there is a strong, and growing, anti eu movement here,
but, just like everywhere else, we have to fight against a totally corrupt political system, a bought and paid for bunch of presstitutes, a rotten police force and justidiary, and a generally complacent population,
hopefully a Ukip landslide in the Uk might show people here that there is another option to the scum EU,
Sure, but I have given up on EU elections. Everytime there is a vote for Anti EU vs Pro EU, Pro EU wins every time by within the margin of error in exit polling. I smell BS, and given the EU's history of steam-rolling over democracy when convinient, I am not convinced that elections are rigged too. Until you have Ukranian opposition to the EU backed by foreign powers (think Russia, who at this point would probably be more than willing to start bankrolling a few stronger anti-EU movements) start rioting, nothing will change.
"I am not convinced that elections are rigged too"
in nearly all european countries you can volunteer to help in the voting process, and this gives you the possibility to check yourself in one voting station
I lost count how many times I did it. oh... the whole system depends on volunteers. you are welcome to help, instead of musing if they are rigged or not
here, become a Wahlhelfer in Bayern: http://www.verwaltungsservice.bayern.de/dokumente/leistung/141865379507
TTIP, another straw to break Europe's back. The opposition is BOOMING. from both the politicall left and right of sovereign nationa, to the Transatlantic Trade and Investment Partnership (TTIP) and the "secret" EU negotiations behind closed doors .
http://www.french-news-online.com/wordpress/?p=35359
The above website and corresponding links within in english language.
"A Full Frontal Assault on Democracy - The Transatlantic Trade and Investment Partnership (TTIP)http://johnpreedy.blogspot.fr/2014/04/ttip-transatlantic-trade-and-investment.html