"Here's where we hold 'em by the nose, and kick 'em in the ass" — Patton If you ever want to know who’s losing an argument simply look at who’s doing the most threatening. Not who’s shouting the loudest or who’s the angriest, but who is threatening. Those who threaten are doing so because they … Continue reading By Going Nuclear the EU Has Already Lost Its Battle with Italy
When I went outside this morning to wrangle my goats to milk them, I noticed something had changed. All of a sudden it was October. It was chilly in a way that only fall in North Florida could be, slightly drier and more temperate. While it was a cold, wet summer for the most part, … Continue reading Is Gold Decoupling from Debt?
I have a new Market Report up for my subscribers on Patreon discussing how the link between Russia's Oleg Deripaska and the FBI is having an effect on markets around the world, especially euro markets. You can sign up for these twice weekly market reports by pledging $4/month at my Patreon.
The Turkish Lira crisis is fundamentally different than the Russian Ruble crisis of 2014/15. This one has contagion risk. Back then no one was worried about the fall of the ruble having spillover effect. If Sberbank failed, it wouldn't jump to Europe. Then again, there was little worry about that since the Russians had more … Continue reading Lira Collapse To Jump the Mediterranean
Angela Merkel caved to Horst Seehofer, who went for her jugular earlier this week. But, the real question is for how long will this 'deal' she's accepted hold together? We don't know the details of it, but if Seehofer got his way on rejecting migrants at the German Austria border after registering in another country, … Continue reading Merkel Survives Seehofer, Next up Trump