Portugal

Tyler Durden's picture

Incumbents Are Being Swept From Office Around The World





Evidently, voters are in a very bad mood just about everywhere. Unfortunately, they are bereft of good choices in most places. Usually one essentially gets to exchange one bunch of psychopathic looters for another – so it is like jumping from the frying pan into the fire. Very often, things will simply go from bad to worse, as the underlying basic problems are usually misdiagnosed, resp. there is no-one willing to actually tackle them. Investors should pay very close attention to this trend...When the performance of financial markets diverges from underlying social mood trends, it is usually time to be very careful.

 
GoldCore's picture

Gold Bullion Demand Surges 27% In Q3 - New Chinese “Buying Spree”





Gold bullion coin and bar demand surged in Q3 as gold’s continuing COMEX driven price weakness in July and sharp falls in stock markets in China and globally in August saw store of wealth buyers internationally again accumulate bullion.

 
Tyler Durden's picture

Spain's Black Swan In Muddied Waters As Court Ruling, Political Turmoil Threaten Catalan Secession Bid





Spain's Constitutional Court has ordered the suspension of Catalonia's independence bid and threatened to arrest its leader Artur Mas. Separately, Mas lost a bid for re-election as the same lawmakers who support his push for independence are unwilling to support him as President citing corruption.

 
Tyler Durden's picture

The ECB Should Stop QE Before Draghi Causes A "Financial Crisis", German "Wise Men" Warn





"The ECB’s bond buying programme has created favourable financing conditions and provides member states with an incentive to defer much-needed budget consolidation and structural reforms. However, further structural reforms to strengthen markets and competitiveness are crucial for a self-sustaining economic recovery. In addition, monetary policy is leading to a build-up of risks to financial stability which could pave the way for a new financial crisis."

 
Tyler Durden's picture

Confused About What Mario Draghi Will Do Next? Here's The Official Decision Tree From His Former Employer





Now that there are "no taboos," and assuming the ECB doesn't take our advice on the '52 Mantles or the lumber, the only question is whether the central bank will pair a depo rate cut with the PSPP expansion (in whatever form it takes)....

 
GoldCore's picture

“I Can’t Deny It – The Outlook For Gold Isn’t Pretty Right Now”





It is important to note that the current weakness of gold is primarily in dollar and sterling terms. For investors in Canada, Australia, New Zealand and the EU gold is once again acting as a hedge.

 
Tyler Durden's picture

"No QE For You!": ECB May Cut "Lifeline" To Portugal After Socialists Overthrow Government





In what sounds like the plot of a McCarthy-era propaganda spy novel, the Socialists and Communists have overthrown the government in Portugal. That means it's time for the troika to start pushing back against the undesirables by threatening the country with financial ruin. Just call it "tough love." 

 
Tyler Durden's picture

Frontrunning: November 11





  • GOP debate winners and losers (Hill)
  • European Stocks Rise as Dollar Weakens; Metals Decline on China (BBG)
  • Global shares shrug off mixed China data, copper teeters near six-year low (Reuters)
  • Fed's Evans: Looking forward to time when Fed can raise rates (Reuters)
  • Alibaba’s Global Ambitions Face Counterfeit Challenge (WSJ)
  • China Rebalancing Takes Hold as Output Slows, Retail Jumps (BBG)
 
Tyler Durden's picture

On The Verge Of The Great Unraveling, Looking Back From 2050





Empires, like adolescents, think they’ll live forever. In geopolitics, as in biology, expiration dates are never visible. When death comes, it’s always a shock. "At the beginning of the great unraveling, in 2015, I was still a young man. Like everyone else, I didn’t see this coming. Today, in 2050, fewer and fewer people can recall what it was like to live among those leviathans... Thirty-five years and endless catastrophes later on a poorer, bleaker, less hospitable planet, it’s clear that we just weren’t paying sufficient attention. Had we been listening, we would have heard the termites. There, in the basement of our common home, they were eating the very foundations out from under us. Suddenly, before we knew quite what was happening, all that was solid had melted into air."

 
Tyler Durden's picture

A Fifth Of Spain's GDP Just Voted To Secede - What Now?





Rajoy's warning: “Catalonia isn’t separating from anywhere."

 
Tyler Durden's picture

Black Swan Lands In Portugal As Socialists Move To Overthrow Government





The Socialists are coming! Just about the last thing Europe needs amid the bloc's worsening migrant crisis is a rerun of the Greek bailout negotiations, but that looks increasingly likely now that a coalition of leftists is moving to take control of the government in Portugal. 

 
Tyler Durden's picture

Mario Draghi Admits Global QE Has Failed: "The Slowdown Is Probably Not Temporary"





"The conditions in the economies of the rest of the world have undoubtedly proved weaker compared with a few months ago, in particular in the emerging economies. Global growth forecasts have been revised downwards. This slowdown is probably not temporary."

 
Tyler Durden's picture

Tsipras Blames Western Military Meddling For Syria Crisis: "You Reap What You Sow"





"I feel ashamed of Europe's inability to effectively address this human drama, and of the level of debate ... where everyone tries to shift responsibility to someone else. And now, those who sowed winds are reaping whirlwinds."

 
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