Germany

NATO Cracks: Germany Withdraws Troops From Turkey's Incirlik Airbase

The German Cabinet officially backed the withdrawal of German troops from Incirlik air base in Southern Turkey, following a bitter diplomatic spat between Berlin and Ankara in which the latter refusal to allow German lawmakers access to its soldiers there.

Facebook's Little Ethics Problem

"Ironically, the same social media which empowers religious minorities is susceptible to abuse by religious fundamentalists to enforce what are essentially the equivalent of online blasphemy laws."

Futures Flat, Market Anxiety Eased By European Bank Rescue

European and Asian stocks, as well as S&P futures were little changed ahead of "Super Thursday's" events which include the U.K. general election, Comey's testimony and the ECB policy decision. That however may change following a Bloomberg news report that the ECB is set to cut inflation forecasts through 2019 due to weaker energy prices, suggesting the "hawkish" ECB announcement some had expected tomorrow has been postponed.

Germany Sees Surge In Stabbings And Knife Crimes

More than 1,600 knife-related crimes were reported in Germany during just the first five months of 2017 - an average of 300 such crimes each month, or ten a day. Not only are knife-related crimes surging, but the perpetrators and victims of such crimes are increasingly younger and increasingly female.

Putin, Trump, And "My Guy" Macron

"France's president is lauded in the media for talking tough with his Russian counterpart, but behind the hype may be signs of a new alignment..."

More Solar Jobs Is A Curse, Not A Blessing

Citing U.S. Department of Energy data, the New York Times recently reported that the solar industry employs far more Americans than wind or coal. This is supposed to be a good thing, according to the Times. In reality, it’s not a good thing at all, and certainly not a positive trend. In fact, the job numbers actually underscore how wasteful, inefficient and unproductive solar power actually is.

The ECB Has Almost Run Out Of German Bonds To Buy

Last month the average maturity of all German bond purchases by the ECB bond plunged below 4 for the first time ever, or just 3.98 years, the lowest on record.  This confirms that the ECB is actively reducing the amount of German Bunds it is buying and suggests that the ECB has almost run out of eligible German bonds to buy.

Gold Surges, Global Stocks Slide As "Super Thursday" Risks Loom

With traders realizing that the "Thursday Turmoil Trifecta" looms, world stocks dropped and safe-haven assets rose as investors focused on the growing tension in the Middle East, while caution spread across markets in a week full of risk events including James Comey’s congressional testimony to the ECB’s policy meeting and Britain’s increasingly uncertain election, all in the span of 24 hours. As a result, European and Asian stocks as well as S&P futures all fell, while gold, yen and Treasuries gained.