Friday , August 17 2018
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Tag Archives: European Union

Citi’s “What If?” Scenarios: Part 2

Yesterday we published the first set of 7 "What If" scenarios that didn't make it into the Citi Credit team's (already rather gloomy) year-ahead forecast. Because while Citi's "base case" was clearly bearish (our summary can be found here), what was left unsaid was even more unsettling, if not troubling. As the bank's credit team wrote "what about the outcomes that didn’t quite make it into our base case? The scenarios that aren’t central, but which aren’t entirely implausible either – both...

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No Peace In Our Times: The Inevitability Of War

Via GEFIRA, “While people are saying, peace and safety, destruction will come on them suddenly, as labor pains on a pregnant woman, and they will not escape.” Are you, man or woman of Christian and European heritage, aware of this prophecy or do you prefer to live in a fancy world of happy-clappy wishful thinking that the brotherhood of men is about to put an end to human conflict once and for all? Though Christmastide is a time of merrymaking, it may also be a period of reflection. The...

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US Tax Cut and Rate Hikes Threaten China Currency

Authored by Valentin Schmid via The Epoch Times, Seven was the line in the sand. But the Chinese yuan never crossed that line vis-à-vis the U.S. dollar. It only crept up to 6.96 yuan per dollar on Dec. 16, 2016, before starting an impressive comeback, down to 6.5 in the middle of this year. Last year was a bad one for the Chinese economy. Growth was slow, and the world was worried China would finally land the hard way, as many have been predicting for years. And more than GDP growth or any...

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UK Foreign Chief Attacks Russia Before Moscow Visit

Authored by Alex Gorka via The Strategic Culture Foundation, Boris Johnson arrives in Moscow today to hold talks with his Russian counterpart Sergei Lavrov the next day – the first visit to Russia by a British foreign minister in five years. International security issues are to top the agenda, including North Korea, Iran and regional stability in the Middle East as well as security for the 2018 World Cup soccer tournament in Russia. This time the bilateral relationship is at the lowest ebb...

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Some Europeans Have Never Been Outside The EU

When it comes to holidays and travelling in general, Europe has a lot to offer. Cosmopolitan cities jam packed with culture, pristine beaches, excellent ski resorts, you name it. Given all of that, it comes as little surprise that many Europeans never travel outside the EU. As Statista's Niall McCarthy notes, the most recent Eurobarometer data showing the share of people who have travelled at least once outside the EU was published in 2014. You will find more statistics at Statista The...

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In Unexpected Move, Trump Enacts Obama-era Law Opening US Arms Sales To Ukraine

After years of covert American involvement in the Ukrainian proxy and civil war which has raged since 2014 - and which a leaked recording confirmed was precipitated by the US State Department - President Trump has decided to come off the fence regarding his prior reluctance to formally approve arms sales to the Kiev government. Late Wednesday the Washington Post first reported the bombshell news that after months of indecision over whether or not to move forward with Obama-era legislation...

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China Meddling Too? Australia’s “Foreign Agent” Law Is A Smokescreen For Duping The Population

Authored by Andrew Korybko via Oriental Review, Australia is implementing its own “foreign agents” legislation modelled off of the US’. The government recently announced that foreign lobbyists must register with the authorities and that political parties will be banned from accepting foreign donations. The move to stop foreign funding is clear-cut and understandable, though there’s a lot of vagueness and prevailing uncertainty over what criteria will be used to designate someone as a “foreign...

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FX Weekly Preview: Dollar Squeeze A Growing Concern, But Longer Term Bears Likely To Temper It

Submitted by Shant Movsesian and Rajan Dhall MSTA from fxdailyterminal.com Over the past week, the argument that the tax reform aimed at corporates specifically could prompt a period of USD repatriation - much like an amnesty - has been growing in sentiment, and whether one believes in this, remains an upside risk we shouldn't ignore.  Since the Fed's much anticipated rate hike, we have seen a moderate hit on the USD reversed in full, but put in perspective, the overall ranges traded so far...

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Austria’s Anti-Immigrant Freedom Party Enters Government; Wins Key Ministry Posts

Two months ago, in Europe's latest shocking, anti-establishment outcome, Austria's 31-year-old Sebastian Kurz became the world's youngest leader after his conservative People's Party won the Austrian National Council elections, making him Austria's youngest Chancellor in history, while the establishment Social Democrat party suffered its "worst result since Hitler rule." Sebastian Kurz and his girlfriend Susanne Thier And now, two months later, in a double whammy for Europe's outraged liberal...

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The Death Of Europe’s Coal Industry

Authored by Nick Cunningham via OilPrice.com, More than half of Europe’s coal plants are already bleeding cash, but by 2030, the percentage of coal plants in Europe that report negative cash flow could explode to an estimated 97 percent. Those findings come from a new report by the Carbon Tracker Initiative, which paints a dire picture for the economics of coal after surveying 600 power plants in Europe. To be sure, coal has been hit hard over the past half-decade or so due to a variety of...

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