‘Nightmare Scenario’ For EU Bond Markets As Anti-Euro Italian Government Takes Power

ByAmbrose Evans-Pritchard – Re-Blogged From http://www.Gold-Eagle.com

Firebrand populists of Left and Right are poised to take power in Italy, forming the first “anti-system” government in a major West European state since the Second World War.

Source: Wikimedia Commons

Leaders of the radical Five Star Movement and the anti-euro Lega party have been meeting to put the finishing touches on a coalition of outsiders, the “nightmare scenario” feared by foreign investors and EU officials in equal measure.

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Germany Desperate to Avoid Trade War With Trump

By Thomson Reuters – Re-Blogged From Newsmax

As Europe’s biggest exporter to the United States and with more than 1 million German jobs at stake, Germany is desperate to avoid a European Union trade war with the United States.

In the run-up to a June 1 deadline for U.S. President Donald Trump to impose steel and aluminum tariffs on the EU, Berlin is urging its European partners to show some flexibility and pursue a broad trade deal that benefits both sides.

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The EU and the Unanimity Trap

Re-Blogged From Stratfor

Highlights

  • The European Union is unlikely to reach the consensus that is required to reform its treaties or to accept new member states within the next decade.
  • While security and defense cooperation is likely to increase within the European Union, the need for unanimity will continue to create complications for the bloc’s foreign policy.
  • In the coming years, the temptation to bypass the European Union’s institutional constraints by letting some countries introduce reforms while others opt out will increase, but this move could come at the cost of a more fragmented union.
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Liquidating Civilization

By Keith Weiner – Re-Blogged From http://www.Gold-Eagle.com

Further to our ongoing theme of capital destruction, let’s look at a topic which is currently out of favor in the present market correction. Keynes called for pushing the interest rate down near to zero, as a way of killing the savers, whom be believed are functionless parasites. The interest rate has been falling since 1981.

It did not merely fall near to zero. Nor even to zero. It has gone beyond zero, into negativeland. This alone ought to wipe out the mainstream notions of how interest rates are set in our very model of a modern monetary system. You know, the rubbish about bond vigilantes, inflation expectations, real interest rates, risk, etc. Might as well add unicorns, dragons, and leprechauns!

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Black Tuesday October 29th 1929 Revisited?

By Richard Lancaster – Re-Blogged From http://www.Gold-Eagle.com

Note: This article was originally posted October 29, 2002, when US stocks were in the midst of a severe market crash.  Appropriately, and in view US stocks have already fallen 10% during the first 3 months of 2018, we believe everyone should carefully review the present update as another CRASH may be brewing on the horizon in 2018.

“These are days when many are discouraged. In the 93 years of my life, depressions have come and gone. Prosperity has always returned and will again.”
– John D. Rockefeller on the Depression in 1933

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Central Bankers Consider Dictating Climate Policy to Private Businesses

By Eric Worrall – Re-Blogged From http://www.WattsUpWithThat.com

What is the difference between a centrally planned Communist economy, and an economy where Central bankers punish businesses which defy their investment directives?

Global Warming Is a Central Bank Issue

Ferdinando Giugliano, 13 April 2018, 3:30 PM

Last week, central bank governors from the U.K., France and the Netherlands met in Amsterdam to discuss how to adapt regulation to the risks posed by climate change. Together with five other institutions (from China, Germany, Mexico, Singapore and Sweden), these central banks have formed the “Network for Greening the Financial System” (NGFS). This group has two objectives: sharing and identifying best practices in the supervision of climate-related risks, and enhancing the role of the financial sector in mobilizing “green” financing.

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Eurozone Faces Many Threats Including Trade Wars And “Eurozone Time-Bomb” In Italy

By Mark O’Byrne – Re-Blogged From http://www.Gold-Eagle.com

Eurozone threatened by trade wars, Italy and major political and economic instability
– Trade war holds a clear and present danger to stability and economic prospects
– Italy represents major source of potential disruption for the currency union
– Financial markets fail to reflect the “eurozone time-bomb” in Italy

– Financial volatility concerns in Brussels & warning of ‘sharp correction’ on horizon
– Euro and global currency debasement and bank bail-in risks
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