Germany
Merkel Backpedals On Migrants Amid Growing Furor
Submitted by Tyler Durden on 12/14/2015 14:53 -0500"We want to, and we will, noticeably reduce the number of refugees," Angela Merkel said in a keynote speech during the CDU party congress in Karlsruhe, Germany. Although the Iron Chancellor kept an upbeat tone with regard to migrants, it now seems as though even she realizes that the current situation - wherein over a million asylum seekers have inundated the country over the last twelve months alone - simply isn't tenable in the long run.
Marine Le Pen Will Reap What The EU Has Sown
Submitted by Tyler Durden on 12/14/2015 13:50 -0500Many people are cheering now that yesterday Marine Le Pen and her Front National (FN) party didn’t get to take over government in any regions in the France regional elections. They should think again. FN did get a lot more votes than the last time around, and, though she will be a little disappointed after last weekend’s results, it’s exactly as Le Pen herself said: “Nothing can stop us”.
Key Events In The Coming "Fed's First Hike In 9 Years" Week
Submitted by Tyler Durden on 12/14/2015 09:22 -0500While this may well be the most important week for capital markets in the past 9 years, when the Fed is widely expected to hike rates on Wednesday, precisely 7 years to the day since it cut rates to zero, here are the other key events to watch out for.
About That Rate Hike...
Submitted by Tyler Durden on 12/13/2015 15:55 -0500This is where the Fed. now finds itself. Here they were. Just holding policy lines doing what they in their Ivory Tower contemplated and the so-called “smart crowd” insisted they do. And now the saying of “Between a rock and a hard place” might be an understatement. The world sits atop a tinderbox fueled by monetary policies that created them and awaits a match that could set it off in a blaze of who knows what. All in short order. Unless they don’t do anything except try their best Draghi impersonation and declare, “They too are once again at the ready to do what ever it takes!” Except – just not now.
The End Of The Bubble Finance Era
Submitted by Tyler Durden on 12/13/2015 13:35 -0500We are nearing a crucial inflection point in the worldwide bubble finance cycle that has been underway for more than two decades. To wit, the world’s central banks have finally run out of dry powder. They will be unable to stop the credit implosion which must inexorably follow the false boom.
Is ISIS Simply A "Saudi Army In Disguise"?
Submitted by Tyler Durden on 12/12/2015 22:00 -0500
What stinks in Saudi Arabia ain’t the camel dung. It’s the monarchy of King Salman and his hot-headed son, Prince Salman. For decades they have financed terrorism under a fake religious disguise, to advance their private plutocratic agenda. It has nothing to do with religion and everything to do with money and oil. Saudi control of that oil wealth (from Iraq to Syria) via their ISIS agents, along with her clear plan to take out the US shale oil competition, or so Riyadh reckons, would make the Saudi monarchy a vastly richer state.
Tear Gas, Water Cannons Deployed In Germany As Leftists, Neo-Nazis, Police Clash
Submitted by Tyler Durden on 12/12/2015 20:10 -0500Austria Proudly Shows Off The 15 Tons Of Gold It Repatriated From London
Submitted by Tyler Durden on 12/12/2015 18:13 -0500
Bail-Ins “Undermine Confidence” In Banks - Lead to Suicide of Pensioner
Submitted by GoldCore on 12/11/2015 11:36 -0500A tragic example of this was seen in Italy in recent days when a pensioner committed suicide after having his life savings wiped out in a bank bail-in. A pensioner from near Rome, hanged himself after his €100,000 (£72,000; $110,000) investment in Banca Etruria bonds were wiped out in a bail-in. A suicide note was left by the pensioner criticising the bank.
Russian Military Told To Boost "Strategic Nuclear Forces Amid Rising Tensions With The U.S."
Submitted by Tyler Durden on 12/11/2015 09:32 -0500Syria was a secondary topic on Putin's mind today when during a meeting with his defense chiefs, Putin gave the order "to strengthen Russia’s strategic nuclear forces amid rising tensions with the U.S. over the global balance of power."
US Equity Futures Suddenly Fall Off A Cliff As Europe Slides, Oil Tumbles, EM Currencies Turmoil
Submitted by Tyler Durden on 12/11/2015 06:41 -0500- Australia
- B+
- BOE
- Bond
- Central Banks
- China
- Consumer Sentiment
- Copper
- CPI
- Crude
- Crude Oil
- default
- Equity Markets
- Fail
- fixed
- France
- Germany
- Glencore
- Global Warming
- Henderson
- Hong Kong
- Initial Jobless Claims
- International Energy Agency
- Iran
- Japan
- Jim Reid
- Michigan
- Monetary Policy
- Nikkei
- OPEC
- Ordos
- RANSquawk
- recovery
- Reserve Currency
- University Of Michigan
- Yuan
It was a relatively calm overnight session in which European stocks wobbled modestly, Japan was up, China was down following its weakest fixing since 2011 as the PBOC continues to aggressively devalue since the SDR inclusion (stoking concerns capital outflows are once again surging), EM stocks stocks were weak and the dollar was unchanged ahead of today's retail sales data and next week's Fed meeting, and then suddenly everything snapped.
FT Bombshell: EU Unveils Standing Border Force That Will Act "Even If A Government Objects"
Submitted by Tyler Durden on 12/10/2015 23:24 -0500"The move would arguably represent the biggest transfer of sovereignty since the creation of the single currency."
Jeremy Grantham Urges "Easily Manipulated" Americans To "Become More Realistic" About World's Demise
Submitted by Tyler Durden on 12/10/2015 23:10 -0500Americans have a broad and heavy bias away from unpleasant data. We are ready to be manipulated by vested interests in finance, economics, and climate change, whose interests might be better served by our believing optimistic stuff "that just ain’t so." We are dealing today with important issues, one so important that it may affect the long-term viability of our global society and perhaps our species. It may well be necessary to our survival that we become more realistic, more willing to process the unpleasant, and, above all, less easily manipulated through our need for good news.
War Is On The Horizon: Is It Too Late To Stop It?
Submitted by Tyler Durden on 12/10/2015 22:50 -0500One lesson from military history is that once mobilization for war begins, it takes on a momentum of its own and is uncontrollable. This might be what is occuring unrecognized before our eyes.
This Is The Scariest Chart For Angela Merkel
Submitted by Tyler Durden on 12/10/2015 17:33 -0500Having won Time's "Person of the Year" award, German chancellor Angela Merkel may have little time, or cause, for celebration. The reason for that is shown in the chart below.




