In response to growing pressure over the over the mass sexual assaults and robberies that took place in Cologne on New Year’s Eve, Angela Merkel cancelled her regular trip to the global leaders’ gathering in Davos according to the Financial Times.

Merkel’s justice minister warned that the attackers are members of an organized crime network that coordinates via smartphones and social networks.

Lovely.

Well at least they did not blow up Berlin.

Mike “Mish” Shedlock

Mike “Mish” Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
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