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Economy - International

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BRITAIN last night faced a revenge attack for David Cameron’s EU snub when a senior Brussels bureaucrat promised a new deluge of damaging red tape on UK business. They insisted that the EU could override the Prime Minister’s veto to slap more regu

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zerohedge.com

We warned on Friday that the strength in equities was divergent from any of the higher beta risk-on trades and today has seen this divergence grow even larger as European credit markets are selling off considerably even as stocks maintain some sembla

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dailybell.com

"A freezing of interbank markets in major funding currencies, as during the recent crisis, may require the ability to supply official liquidity in major currencies in an elastic manner," the BIS wrote in its regular quarterly report."

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Reuters

A European summit deal to strengthen budget discipline in the euro zone failed to restore financial market confidence on Monday, forcing the European Central Bank to step in again gingerly. The euro fell, stocks slid and borrowing costs for Italy

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www.bloomberg.com

Grupo Gowex (GOW), a Spanish provider of Wi-Fi wireless services, is moving funds to Germany because it expects Spain to exit the euro. German machinery maker GEA Group AG is setting maximum amounts held at any one bank.

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whiskeyandgunpowder.com

Capitalism is supposed to be a system of profit and loss, but in recent years, central bankers and central planners seem to have forgotten the part about losses. The strategy cannot work over the long term. Economic law, eventually, prevails.

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market-ticker.org

The EU summit "deal" is noise; we knew going in there would be no "grand bargain" and there isn't. Britain said "stuff it" (rightly so) along with a few others; those who went along did so pretty much at gunpoint.

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LewRockwell.com

What If the Real Target of the War on Terror Is You?, - Andrew Napolitano / Banks, Wars, Nightsticks / Worshipping the Prince of War / Give the Gift of Preparedness / Want to Escape America? / What Question Is the Trumpster Dying To Ask Ron Paul?

PurePatriot