El-Erian: Fed Has Not Said a Single Soothing Thing During Sell-Off
“The ECB said despite losing momentum, despite Italy, despite emerging market, despite trade, we are still intending to stop our QE at the end of the year”
Map of the Day: Every Month of the Hundred Years’ War
The Hundred Years’ War, which actually lasted over 116 years, was a series of conflicts fought between the House of Plantagenet, rulers of the Kingdom of England, and the French House of Valois
Image of the Day: Entrance to the Zwinger
Samuel Prout – 1876
Daniel Lacalle: Eurozone Tax Forecasts Are Close to Science Fiction
‘Any investor knows that there is no demand for Eurozone bonds at these yields’
Taps Coogan: The ECB and BOJ Are Heading into a Perfect Storm
Slipping into a recession with central banks this powerless is a nightmare scenario
James Grant: If Interest Rates Normalize the National Debt Will Cost More than the Military
“Just because it would be inexpedient doesn’t mean it can’t happen”
Kyle Bass: China Is Desperately Short of Dollars
“The net volume of crude oil that they import has gone up 45% in four years”
Taps Coogan: Italy Has a Lot of Problems. Austerity Isn’t One
Italy will be going ahead with its new plan to offer free money to everyone and early retirement for anyone that is still showing up for work
Map of the Day: The Rise and Fall of the Inca Empire, Every Year
Over the ensuing hundred years, the Inca Empire would subjugate most of the neighboring civilizations and become the largest pre-Colombian Empire in the Americas
Map of the Day: Europe from France’s Perspective in 1870
The French view of Europe at the outbreak of the Franco-Prussian War in 1870