Germany

It's Time To Take Out "Freedom Insurance"

"Only a fool tries to survive by acting like a vegetable, staying rooted in one place, when the political and economic climate changes for the worse."

If You Can't Beat 'Em... Ban 'Em

Since they can’t sell electric cars – not enough of them, anyhow – and not without subsidies so huge they amount to outright bribes – the solution appears to be to outlaw all cars except electric cars.

Oh Canada - Reflections On An Economic Experiment

"...the real problem is with the Fed’s unwillingness to surprise markets. They are convinced that moves should be telegraphed well in advance.. the Fed is a slave to market expectations...Well, Bank of Canada Governor Poloz is willing to take the other side of this view. Arguing that in normal times, there is no need for such guidance..."

"What Did They Expect?" Turkey Pivots From NATO, Signs Russia Missile Deal

"What do you expect? Should we wait for you? We take care of ourselves in every security point. We are taking precautions and we will continue to do so," Turkey's president Erdogan said addressing Western opposition to Turkey's just concluded deal to buy Russian advanced surface to air missiles.

World Stocks Pull Back Amid Rising Concerns Of A Market Correction

For the first day in three S&P futures have pulled back modestly from record levels as some investors cautioned that gains had gone too far, too fast, European shares are mixed while Asian equities extended their longest rising streak in almost two months as continued gains in Japan and India offset the losses in Hong Kong.

Germany: The Rise Of Islam

Turkey controls 900 mosques in Germany and feels free to say that a "liberal mosque" in Germany is "incompatible" with Islam. In the words of Erdogan, "Our minarets are our bayonets, our domes are our helmets, our mosques are our barracks".

Pat Buchanan Warns "Tribalism Marches On!"

As nationalism tore apart Yugoslavia and the USSR in the 1990s, and surged to propel British secession from the EU and Donald Trump’s triumph in 2016, that primal force appears on the march again...

Frontrunning: September 12

  • Trump Plans Aggressive Road Show to Sell Tax Overhaul (BBG)
  • Trump to weigh more aggressive U.S. strategy on Iran (Reuters)
  • Florida Turns to Recovery as Irma Moves North (WSJ)
  • What to Expect at Apple’s Biggest Event in Years (BBG)
  • A $150 Billion Misfire: How Forecasters Got Irma Damage So Wrong (BBG)

Key Events In The Coming Week: BOE, SNB, Inflation And Retail Sales

In a somewhat quieter week for economic news, this week's focus is on BoE and SNB policy meetings as well as on inflation releases in US, UK, China and others. Other releases of note include retail sales in the US, UK and China along with industrial production in US, Eurozone & China.