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Merkel and Schultz Will Love Germany to Death with Grand Coalition

“While our loving Watchmaker loves us all to death.” — Rush “BU2B”

Politicians are cockroaches who walk upright.

If there was ever an example of political leadership selling out their constituents for their own agendas it is the coalition negotiations happening in Germany right now.

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Politics

Forget Stocks, Look at Euro-Bonds They are the Real Problem

I’ve been banging on for months along with Martin Armstrong that the real problem overhanging these markets is not an over-priced U.S. equity market.  That’s a sympton of a much bigger problem. 1,357 more words

Politics

Berlusconi, Italeave and How to Checkmate Germany

As the Italian election season heats up it’s clear that Silvio Berlusconi is right where he wants to be.

In the spotlight.

And because of that, his coalition with the Lega Nord (Northern League), while leading in the polls overall isn’t unified on much more than containing the electoral success of Movimiento 5 Stelle (5 Star Movement, or M5S). 1,450 more words

Politics

Catalonia: The Vote that Sets Off the Debt Crisis

Spain’s violent crackdown against the Catalan Independence Referendum ensures events move toward an EU sovereign debt crisis in 2018

Between the violent response of the Spanish government and the results of the referendum itself, yesterday’s events in Catalonia will have far-reaching effects on the long-term health of the European Union. 902 more words

Politics

Draghi on Bitcoin – ECB Doesn’t Have The Power … Yet

Don’t let ECB President Mario Draghi’s statements about Bitcoin fool you.  He’s thinking long and hard about it. 

ECB President Mario Draghi is a cagey character.  643 more words

Politics

May Forming Government Still Bodes Poorly For Pound

  • Snap elections have backfired on Theresa May.
  • The generational divide in Britain is widening, causing uncertainty.
  • The Pound is set to go much lower in the coming weeks.
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June ECB Preview: Dovish Tinkering

On Thursday the ECB will likely only tinker around the edges of their commentary and forward guidance (see red entries in table below) – such a dovish press conference will likely generate a small euro depreciation and fall and €Area yields.  3,770 more words

Monetary Policy