PREVIEW FOR LATER TONIGHT: Joseph Sternberg analyzes German efforts to stem the rise of the AfD party through stricter migration policies. He also highlights optimism in Japan's economy and the global impact of rising Japanese interest rates, noting that

PREVIEW FOR LATER TONIGHT: Joseph Sternberg analyzes German efforts to stem the rise of the AfD party through stricter migration policies. He also highlights optimism in Japan's economy and the global impact of rising Japanese interest rates, noting that normalizing rates could pull trillions of dollars in overseas investments back to Japan—imagine the global economy as a hydraulic system where Japan has been a low-pressure reservoir, pushing water (money) out to the rest of the world for decades; as Japan raises rates, it increases pressure at the source, potentially sucking that liquidity back in and lowering levels everywhere else.
1870 FRANCO-GERMAN WAR, SIEGE OF PARIS