Courtesy of Mish.
Economic Tipping Points
- Was the Surprise Devaluation and Currency War by China two weeks ago an economic tipping point?
- How about the 1000+ Point Plunge in the Dow partially recovered on Monday?
- Oil prices at six year lows?
Social Tipping Points
I will return to economic tipping points in a moment.
Meanwhile, let’s refocus the spotlight on social problems. Here’s an image of a protest on Monday, in Germany.
Police confront rightwing demonstrators at the Heidenau refugee centre in eastern Germany
Spread Them Around
Please consider Merkel and Hollande Call For Equal Spread of Refugees Across EU
Angela Merkel and François Hollande on Monday called for a more equal distribution of asylum seekers across the EU, as violent clashes outside a German refugee centre highlighted the rising political tensions over record inflows of migrants into Europe.
“There was an aggressive xenophobic atmosphere which is no way acceptable,” said the German chancellor. “It is disgusting how rightwing extremists and Neo-Nazis have tried to spread dumb messages of hate. But it is also shameful that citizens, some of them with children, have supported the demonstration by going along to it.”
Ms Merkel and Mr Hollande backed the European Commission’s push to revive controversial proposals for all 28 EU countries to sign up to a binding quota agreement, under which newly arrived refugees would be distributed around the bloc. Such a move would to ease the burden on Germany and a handful of other states which currently take a majority of asylum seekers.
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