Chinese demand for bitcoin overnight finally proved too great, and US markets had no choice but to arb the difference. So with Bitcoin trading in China at an implied price of over $1,050 at this moment, the digital currency finally soared above $1,000 in the US as well, trading just around $1,024 on Coinbase as of this moment.

While most of the world is enjoying it last day off from the 2017 holiday transition, with Asia's major markets closed for the New Year holiday, along with Britain and Switzerland in Europe and the US and Canada across the Atlantic, European stocks climbed to their highest levels in over a year on Monday after the Markit PMI survey showed manufacturing production in the Eurozone rose to the highest level since April 2011.

The desperate search to extend Washington's unipolar moment has paradoxically accelerated the rise of a multipolar world...

The prevailing premise, once again, throughout “The Valley” is that “next year” should be the return of those unicorn dreams. After all, how could 2016 be any worse than 2015 was the premise at the beginning of year. The issue? Here in reality, it was "a whole lot worse!" For 2016 now makes not only 2008 look good. It makes 2009 look terrific in comparison.

"Unfortunately, the reality is that the legalization of underage prostitution suffers from the fatal defect endemic to progressive-left policymaking: it ignores experience, common sense and most of all human nature — especially its darker side.  Immunity from arrest means law enforcement can't interfere with minors engaging in prostitution — which translates into bigger and better cash flow for the pimps."

"Mexicans were promised lower electricity prices, they got higher electricity prices. Mexicans were told austerity was needed, they got a congress that showers itself with bonuses," Dutch journalist Jan-Albert Hootsen, wrote on Facebook.

The final numbers are in, and according to AFP, Saudi Arabia carried out 153 executions in 2016 based on official announcements, fractionally lower than the year before.

Who needs reality when we can exist in illusions? In Modi’s imagination, if you are not a part of the formal economy - as is the case with the vast majority of desperately poor Indians, perhaps close to a billion people - you don’t count.

"Banks and financials tend to do well in a rising rate environment..." (drink)