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Going… Going… Gone! The EU Begins to Splinter
Going… Going… Gone! The EU Begins to Splinter Dark Social Mood Tsunami Washes Ashore Early this morning one might have been forgiven for thinking that Japan had probably just been hit by another tsunami. The Nikkei was down 1,300 points, the yen briefly soared above par. Gold had intermittently gained 100 smackers – if memory […]
Greenspan: “This Is The Worst Period I Recall; There’s Nothing Like It”
Greenspan: “This Is The Worst Period I Recall; There’s Nothing Like It” During a CNBC inteview today, when discussing the historic Brexit vote outcome, Alan Greenspan unleashed a fiery sermon that could have been prepared just by reading a random selection of posts from this website, the former Fed chairman told his shocked hosts that the current […]
Brexit: The System Cannot Hold
Brexit: The System Cannot Hold Stephen Green 18×24 inches. 2016. Acrylic on canvas. MuseumofAwesomeArt.com Well, they did it. A majority of Britons made clear they’re so fed up with David Cameron and everything he says or does, including promoting the EU, that they voted against that EU. They detest Cameron much more than they like […]
“Now It’s Our Turn” – Geert Wilders Calls For A Dutch Referendum
“Now It’s Our Turn” – Geert Wilders Calls For A Dutch Referendum Just as we warned, the historic British rejection of the EU’s totalitarian rule has sparked renewed ambitions to leave the clutches of Brussels across Europe. First to congratulate Britain was Holland’s Geert Wilders, who calls for a Dutch referendum as soon as possible… Thursday, […]
Central Bankers Around The Globle Scramble To Defend Markets: BOE Pledges $345BN; ECB, Others Promise Liquidity
Central Bankers Around The Globle Scramble To Defend Markets: BOE Pledges $345BN; ECB, Others Promise Liquidity There was a reason why we warned readers two days ago that “The World’s Central Bankers Are Gathering At The BIS’ Basel Tower Ahead Of The Brexit Result“: simply enough, it was to facilitate an immediate response when a […]
It’s All Over As “Leave” Wins Brexit Referendum: Markets Everywhere Are Crashing
It’s All Over As “Leave” Wins Brexit Referendum: Markets Everywhere Are Crashing Final update to this historic post, just to make it official : BREXIT VOTE-LEAVE HAS WON MORE THAN 16.784 MLN VOTES, ENOUGH TO GUARANTEE VICTORY IN EU REFERENDUM – BBC FIGURES * * * Update 12:15 PM – Turmoil… Dow Futures are down […]
Murder, Lifeboats, an Iceberg and an Orchestra
Murder, Lifeboats, an Iceberg and an Orchestra DPC White Star liner S.S. Olympic, sister ship of Titanic, NY 1911The reason the Brexit debate has gotten so out of hand is nobody understands what it’s about. The Brexit campaigns have started anew in the UK, and from what I’ve seen here from left field barely a thing has […]
Janet Yellen’s $200-Trillion Debt Problem
Janet Yellen’s $200-Trillion Debt Problem Blame “Brexit” BALTIMORE – The U.S. stock market broke its losing streak on Thursday [and even more so on Monday, ed.]. After five straight losing sessions, the Dow eked out a 92-point gain. The financial media didn’t know what to say about it. So, we ended up with the typical […]
Who’s Really The Fascist?
Who’s Really The Fascist? John Vachon Paramount Theater and dairy truck, 44th Street, NYC 1943 Like most of you, I too see an increase in the use of the term ‘fascism’ in the media, and it is -almost- always linked to the rise of Donald Trump in the US and various politicians and parties in Europe, Le […]
The Fed Has Lost Its “Myth Magic”
The Fed Has Lost Its “Myth Magic” Myths Are Worth Wondering About Wondering is what we do, here at the Diary, especially wondering about myths. “Myths” are not necessarily untrue. They just can’t be known or proven in the way, say, that Archimedes could prove that the king’s crown was made of gold. Antiquity’s most famous […]
Trade negotiations are not necessary
Trade negotiations are not necessary From today’s Open Europe news summary: WTO CHIEF WARNS OF “COMPLEX AND DRAWN-OUT” TRADE NEGOTIATIONS AFTER BREXIT Roberto Azevêdo, Director-General of the WTO, has warned that it could take Britain decades to disentangle its trading relations with the EU and negotiate new ties with the rest of the world after Brexit. […]
“The Specter of a Break-up Is Haunting Europe”
“The Specter of a Break-up Is Haunting Europe” Internal Strife and Divisions Blossom in Euro Land. Since the Eurozone’s sovereign debt crisis began, in 2010, Europe’s leaders have faced a Herculean task: keeping the rickety European edifice intact. Now, five years later, there are much more ominous signs of wear and tear. Everyone is focused on the dire threat […]
Brexit: Wrong Discussion, Wrong People, Wrong Arguments
Brexit: Wrong Discussion, Wrong People, Wrong Arguments G.G. Bain Immigrants arriving at Ellis Island, New York 1907There’ve been a bunch of issues and topics on my -temporarily non-writing- mind, and politics, though as I’ve often said it’s not my preferred focus, keeps on slipping in. That’s not because I’ve gotten more interested in ‘the game’, but because […]
EU parliament chief warns of bloc’s ‘implosion,’ says people lost trust in ‘entire institutions’
EU parliament chief warns of bloc’s ‘implosion,’ says people lost trust in ‘entire institutions’ European Parliament President Martin Schulz. © Vincent Kessler / Reuters Many people have lost trust in “entire institutions, whether national or European,” EU parliament Chief Martin Schulz says. He sounded the alarm over a possible “implosion of the EU” due to the […]
