India Confiscates Gold, Even Jewelry, In Raids On Hidden Money

"The rich will pay what they need to escape harassment; the rest will suffer." Global financial repression picks up steam, led by India. After declaring large denomination notes illegal, India now targets gold. It’s not just gold bars or bullion. The government has raided houses, no questions asked, confiscating jewelry.

Saudi Journalist Banned From Media After Criticizing Trump

Saudi authorities banned journalist Jamal Khashoggi from writing in newspapers, appearing on TV and attending conferences, the Alkhalij Aljadid reported in Arabic after comments he made that were critical of Donald Trump’s ascension to the US presidency.

Yuan Strengthens After Rebound In China Exports, Trade Balance Disappoints

It appears that devaluing your currency against by over 10% in a year against your major trading partners does have some affect (albeit delayed). China Exports (in Yuan terms) grew at 5.9% in November (the fastest growth since March) (well ahead of the expected 1% decline). Imports, however, also soared (by 13%) in Yuan terms. However, in USD terms, Imports rose by the most since Sept 2014 (and exports managed a small rise) as China's trade surplus slipped and missed expectations. Offshore Yuan is strengthening modestly on the print.

Trump Is Correct – Boeing Is Gouging The Taxpayer On The New Air Force One

So the MSM, and our government for that matter, is ok with a replacement Air Force One being six times as expensive as its predecessor, and about as costly as four new copies of already ridiculously overpriced stealth bombers. And the MSM is also somehow critical of the president-elect for bring this to light. Is it any wonder they feel the need to defend their bias by calling alternative coverage “fake”?

The Ultimate "Fake News" List

By circulating this article and this fake news list, we are not calling for these outlets to be censored, we are simply drawing attention to the fact that the very same entities who cry “fake news” are the primary sources for the most damaging, harmful and woefully inaccurate fake news stories in the history of modern journalism.

ECB Preview: The Market's All-In But "There's A Significant Chance Draghi Disappoints"

Blackrock's chief multi-asset strategist summed up tomorrow's anxiously awaited ECB meeting best by noting that "what’s priced into markets is a fully fledged extension of the [bond-buying] program," but warns that, thanks to a muted reaction to the Italy vote and recent encouraging data, "there’s a significant chance the ECB disappoints markets." As bond traders bet on a six-month QE extension, Citi warns, anything less will be seen as hawkish and send EUR surging.

Will 2017 See Peak Fragility?

Markets remain more fragile than today’s volatility levels suggest according to BofAML's global equity derivatives group.