Big Short’s Eisman Is Shorting U.K. Banks On Brexit

By Mark O’Byrne – Re-Blogged From Silver Phoenix

Eisman says U.K. is one of the biggest risks globally

– He is betting against two UK banks in the lead up to Brexit – Eisman may short 50 other UK firms if “Trotskyite” Corbyn becomes UK PM – Eisman is famous for betting against the US housing market ahead of the 2008 subprime-mortgage crisis

by Business Insider UK

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After Germany’s Merkel Comes Chaos

By John Rubino – Re-Blogged From Dollar Collapse

After a long, initially-successful run promoting European integration and mass immigration, German Chancellor Angela Merkel saw the bottom fall out of her political fortunes this year. This morning she stepped down as leader of the formerly-dominant Christian Democrat party and promised not run again when her term as Chancellor ends in 2021.

What happens next is almost certain to be chaotic, as the following chart (courtesy of this morning’s Wall Street Journal) makes clear:

German political parties Merkel

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Has “It” Finally Arrived?

By Chris Martenso – Re-Blogged From Gold Eagle

With the recent plunge in the S&P500 of over 5%, has the long-anticipated (and long-overdue) market correction finally begun?

It’s hard to say for certain. But the systemic cracks we’ve been closely monitoring definitely got an awful lot wider this week.

After nearly a decade of endless market boosting, manipulation and regulatory neglect, all of the trading professionals I personally know are watching withheld breath at this stage. The central banks have distorted the processes of price discovery and market structure for so many years now, that it’s difficult to know yet whether their grip on the markets has indeed failed.

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US CO2 Emissions Fall Under Trump, While the World Increases #MAGA

Mike Bastasch at the Daily Caller – Re-Blogged From WUWT

Greenhouse gas emissions continued to plummet during President Donald Trump’s first year in office, according to new Environmental Protection Agency (EPA) data.

  • U.S. greenhouse gas emissions fell 2.7 percent from 2016 levels, according to the EPA.
  • Emissions on a per-capita basis hit a 67-year low last year, federal data shows, and supporters are touting EPA’s data as proof Trump’s agenda is working.
  • EPA’s new data comes on news that, globally, greenhouse gas emissions are set to rise to historic highs by the end of the year, despite nearly 200 countries signing the Paris climate accord.

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Dutch Court Upholds 25% Emissions Cut in 5 years Climate Change Ruling

By Eric Worrall – Re-Blogged From WUWT

The Dutch court of appeals has upheld a 2015 ruling which demanded that the government cut CO2 emissions by 25% in five years.

Dutch appeals court upholds landmark climate change ruling

Netherlands ordered to increase emissions cuts in historic ruling that puts ‘all world governments on notice’

A court in The Hague has upheld a historic legal order on the Dutch government to accelerate carbon emissions cuts, a day after the world’s climate scientists warned that time was running out to avoid dangerous warming.

Appeal court judges ruled that the severity and scope of the climate crisis demanded greenhouse gas reductions of at least 25% by 2020 – measured against 1990 levels – higher than the 17% drop planned by Mark Rutte’s liberal administration

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Germany’s Energiewende Program Exposed as a Catastrophic Failure

By Larry Hamlin – Re-Blogged From WUWT

An audit of the EU’s leading climate alarmism energy policy program concludes that Germany’s Energiewende is a colossal and hugely expensive debacle.

EU climate alarmist champion Germany has its Energiewende program exposed as a catastrophic failure with enormous costs

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Italy Calls Europe’s Bluff, And The Euro Loses Either Way

By John Rubino – Re-Blogged From Gold Eagle

When Italy elected a bunch of rowdy populists back in March, the rest of the eurozone assumed (or at least hoped) that the weight of responsibility would bring Rome back into line. But so far the Italians appear to be serious about ending austerity and forcing the ECB to finance their spending ambitions. The just-passed Italian budget calls for a rising deficit, in direct disobedience of Continental (read German) authorities.

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