Bank Of Canada Policy, Free Trade Progress, and Immigration Issues
With political news and central bank actions continuing to be on the mind of the many investors Marc Chandler, Head Of Global Currency Strategy at Brown Brothers Harriman, and I break down some of the news this week. We address the pullback in expectations for a rate hike out of the Bank Of Canada as well as the ongoing trades talks, or lack of progress on that front. Immigration has also been in the headlines this week but not just for the US.
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Love the program Cory. Can anything be done to improve Marc’s audio quality? The compression algorithm employed there is less intelligible than other guests under poor listening conditions. Thank you.
Italy & Refugee Crisis
Posted Jun 22, 2018 by Martin Armstrong
The Refugee Crisis in Europe is tearing it apart and all of this began with a unilateral decision by Merkel when her polls declined because of her tough policy on Greece. The refusal to compensate Italy and to demand they take in refugees but denies them the right to send them north proves the very point that I have been getting from Italy behind the curtain – they feel they are an occupied country.
Italy said it will seize two migrant rescue ships in the Mediterranean, as this refugee policy of the EU continues to worsen. We are up against politicians in Brussels and Germany who simply refuse to admit that they made serious mistakes. They fear that admitting that will ruin their personal careers so the entire European Union must suffer. Now the two German NGO ships carrying refugees who are really economic migrants looking for a free lunch “will be seized” to determine their legal status according to Italy.
The response from Italy comes on the heels of the insensitive remarks of French President Emmanuel Macron who called this the “leprosy” of anti-EU feeling, which is only angering the Italian populist government and the people. This is where this feeling that is related to me is building that they have NO SAY in the fate of their own country and they have simply become an occupied country as if they lost the war and Germany won.
Italy sparked the fresh round of discontent earlier this month when it refused to take in the Aquarius rescue ship, which was carrying 630 migrants rescued off the North African. Malta also refused to accept the ship and so it went off to Spain. If Spain refuses, Greece, and Portugal, then perhaps the ships will go beyond the Pillars of Hercules and sail to France and Belgium so Brussels can be inundated itself. Perhaps then the policy will change.
https://www.armstrongeconomics.com/uncategorized/italy-refugee-crisis/
Germany Has Made Over 3 Billion Profit From Greece’s Crisis Since 2010
“Contrary to all right-wing myths, Germany has benefited massively from the crisis in Greece,”
https://www.zerohedge.com/news/2018-06-21/germany-has-made-over-3-billion-profit-greeces-crisis-2010
Former Secret Service Agent Files RICO Suit Against Clintons, Soros, Podesta, Brock
Conspiracy theorists (and conspiracy factists) are running wild as infamously outspoken former Secret Service agent Gary Byrne has filed a Racketeer Influenced and Corrupt
Organizations (RICO) suit against what some call the Democrat Deep State.
Why America Wins The Trade War And How Clever Stock Traders Can Profit From It
https://seekingalpha.com/article/4183142-america-wins-trade-war-clever-stock-traders-can-profit