Hard hitting global and local news
Warning Shot: Poland Elects Rightwing Eurosceptic, Anti-Immigration Government A direct consequence of rising anti-immigration sentiment, Poland Elects Rightwing Eurosceptic, Anti-Immigration Government by an outright, albeit slim majority according to exit polls. Final results are due tomorrow.
China Renews Commitment to Global Easing Party; US Tightening by Force Fresh on the heels of an ECB announcement of more QE and the further lowering of the excess reserve rate already at -0.2%, China Nervously Joins Global Easing Campaign .
More here: IMF Prepared to Bless Yuan As Reserve Currency; Reason to Celebrate? Any Real Significance?
Read the original: Mayor of Barcelona Prepares New Digital Local Currency
Those expecting more monetary madness were rewarded today when the ECB Opens the Door to December Stimulus as expected. The European Central Bank signalled it would expand its €1.1tn quantitative easing programme in December and cut its deposit rate should the slowdown in emerging markets threaten the eurozone’s economic recovery. The euro plunged 1.67 per cent against the dollar to $1.116 after Mario Draghi, the ECB’s president, said policymakers’ measures would need to be “re-examined†in December
Turkish Prime Minister Ahmet Davutoglu now says Turkey Should Not Become ‘Concentration Camp’ for Migrants . Turkey wants fresh funding from the European Union in exchange for stopping migrants streaming to Europe but should not be expected to turn itself into a "concentration camp" for refugees, Prime Minister Ahmet Davutoglu said on Monday
147-22 Yes, month over month, states lost 22,000 jobs.
View article: Anti-Immigration Party Wins Swiss Election
Swamped By Stupidity; Peak Merkel Backlash against sheer stupidity is starting to build. I am talking about German Chancellor Angela Merkel’s decision to ramrod an agreement that requires EU countries to accept more alleged refugees than many countries want, and even Germany itself can handle. The backlash has finally hit Germany in a big way as was easily predictable months ago.
Continue Reading: Headline #1: "Most Americans Have Less than $1,000 in Savings"; Headline #2: People Saving Too Much is Now…