Key Events In The Coming Week: Trump Inauguration, Davos, Theresa May, ECB, China GDP

The week ahead will be a busy one, with a plethora of events including the Davos shindig, where particular focus will be on Chinese President Xi Jinping, the first Chinese president to attend. China will also announce GDP on Friday, which also marks the inauguration of Donald Trump as the 45th US president. Tuesday brings Theresa May's long-awaited Brexit speech.

Oil Slides After Saudis Suggest Early End To OPEC Deal

Following a brief spike overnight (as China intervened in its equity market), crude prices slipped lower, testing towards a $51 handle after Saudi Arabia says OPEC is on track to wrap up its production curbs by the middle of the year, potentially leaving its aim of clearing a global oil glut unfinished.

China Warns Trump "It Will Take Off The Gloves" If He Continues To Provoke Beijing

In the latest indication that China is becoming increasingly unsettled by Trump's relentless attacks on legacy diplomacy with China, and especially the "One China" policy, two leading state-run newspapers warned on Monday that Beijing will "take off the gloves" and take strong action if Trump continues to provoke Beijing over Taiwan once he assumes office.

South Korea Seeks Arrest Of Samsung Chief For Bribery, Embezzlement And Perjury

South Korea political crisis spilled over into the corporate sector overnight, when the country's special prosecutor on Monday sought a warrant to arrest the head of Samsung Group, the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of impeached President Park Geun-hye.

US Military Deploys Nuke-Spotting Radar To Monitor North Korea

The Sea-based X-Band Radar has deployed out of Pearl Harbor after North Korean dictator Kim Jong Un recently said his country was in the "final stages" of test-launching an intercontinental ballistic missile. Media sources reported that the SBX was being sent about 2,000 miles northwest of Hawaii to watch for a possible North Korean launch in coming months. The Pentagon downplayed the floating radar's Monday departure.

In Scathing Attack, CIA Director Brennan Warns Trump To "Watch What He Says"

"There is no basis for Mr Trump to point fingers at the intelligence community for 'leaking' information... Spontaneity is not something that protects national security interests and so therefore when he speaks or when he reacts, just make sure he understands that the implications and impact on the United States could be profound..."

Trump's Delusion: Halting Eurasian Integration And Saving 'US World Order'

The global hegemonic project that was supposed to be realized with a Clinton presidency has been stopped. The inevitable military confrontation with Russia, Iran and China has been averted and the future multipolar world order, historically unstable, will in fact hold the promise of stability thanks to the actions of opposing nations to the American superpower. United they will stabilize the world.

Why The Stock Market Has Soared (And We'll All Soon Know What It's Like To Be A Madoff Client)

The absolute disconnect of asset prices from economic activity is and will continue to be unlike anything we have seen. This is no more of a "free market" than shooting a cow in a pasture is "hunting".  "Invest" accordingly, but know full well the ill gotten gains will one-day, someday, sooner than later, be entirely gone and we'll all know what it felt like to be Bernie Madoff clients.

Howard Marks: "So Much For The Experts"

"The opinions of experts concerning the future are accorded great weight . . . but they’re still just opinions. While I take a dim view of forecasts, and especially of opinions presented as facts, I do believe there are such things as facts.  Unfortunately, however, the concept of 'facts' is among the casualties of the increasingly partisan environment.  Recently we have seen both the elevation in status of 'non-facts', as well as the tearing down of 'real facts'."

Matt Taibbi: "Insane Clown President Trump Was Right About The Media"

"The media and politicians had spent so much time with each other that they lost touch with regular people, and Trump capitalized on that... He made the media villains, representative of this out of touch, ivory tower political culture... I think there's some fairness to it..."