Euro Dumps Then Jumps On Conflicting Reports Of Merkel Government Collapse

Yesterday we reported that the tenuous Merkel coalition government is in a crisis following a revolt of the junior coalition partner, the CSU, over Merkel’s immigration policies. Specifically, as we said Merkel was facing a rebellion from her hardline Interior Minister Horst Seehofer, who demands…

“We Are Due For A Very Rude Wake Up Call”: These Are The Biggest Short-Sellers Of Italian Bonds

In the aftermath of today’s political shock in Rome in which the populist coalition of the League and 5-Star launched an open rebellion against the president and Brussles, leaving the country facing a referendum on its Euro membership. and resulting in a furious crash in…

Italy Is Forming The Epicenter Of The EU’s Fateful Shift

Authored by Tom Luongo, Clarity is here in Italian coalition talks.  And the markets hate what they see.  So does Brussels. Five-year Italian debt blew out over 1%, CDS spreads have moved over 20 basis points in a week. The markets are trying to scare…

Malaysia’s Post-Election Maelstrom: What Happens Next?

Malaysia’s 14th general election resulted in a surprise victory for an opposition coalition for the first time since Malaysia’s independence. In a stunning political comeback, 92-year-old Mahathir Mohamad – the former authoritarian leader – was sworn in as prime minister on Thursday. As AP reports,…

Did Italy’s Five Star Movement Just Blink Or Are We Headed To New Elections?

Authored by Tom Luongo, Italian coalition talks have reached the end of the road.  The latest news out of Italy has Five Star Movement (M5S) leader Luigi Di Maio willing to consider someone else as Prime Minister. From Bloomberg (so salt to taste): “I want…

US CENTCOM Chief Makes “Secret And Unprecedented” Visit To Israel As Russia Mulls Arming Syria

Increasingly it appears that the recent US coalition missile strikes on Syria have utterly backfired: instead of weakening Syria or degrading its military capabilities, the attack may have actually served to strengthen Syria’s defenses.  Since the massive strike which involved the US, UK, and France…

“We’re Entering A New And Dangerous Phase”: US Soldier Killed In Syria

Two coalition personnel, including an American, were killed and five others wounded late on March 29, when a roadside bomb exploded in northern Syria, the U.S. military said Friday. While the military did not say where the attack took place or give the nationalities of…

“It’s Not Safe Here” – Activists Warn Illegal Immigrants To Avoid Florida As ICE Arrests Surge

Following the unveiling of a new partnership between ICE and local sheriffs departments, a coalition of nearly two dozen Florida-based activist groups has issued a travel warning to all black and brown people – especially illegal aliens – to take “great caution” while visiting the…