Greek, Italian Risks Weigh On European, Global Markets; Oil, Gold Slide

Tuesday's session started off on the back foot, with the Euro first sliding on Draghi's dovish comments before Europarliament on Monday coupled with a Bild report late on Monday according to which Greece was prepared to forego its next debt payment if not relief is offered by creditors, pushing European stocks lower as much as -0.6%. However the initial weakness reversed after Greece denied the Bild report. S&P futures are fractionally lower

The Fed Is About To Hike: Why That Is Bullish For Bonds

Contrary to conventional wisdom, Treasuries have rallied following the last three rate increases. Instead of sending yields higher, the hikes are driving speculation that rising short-term borrowing costs will curb the economic expansion and make it tougher for the Fed to sustain its 2% inflation target.

Short Victorious War: US President's Magic Wand To Wave In A Pinch

The public support has dramatically slid down to roughly 38 percent since then. The president is in a pinch. Something needs to be done immediately to rectify the situation. The trend is worrisome and the best tried-and-true way to reverse it is a short victorious war. True, it’s a great risk. But bombing one’s way to popularity may happen to be a temptation impossible to resist.

In Memoriam, 2017

"Those who have fought and died to defend America and its freedoms are noble beyond measure. Those who pay self-serving tribute to their valor, but make war and expend lives as means to corrupt ends are evil beyond redemption. Honor the former; expose and oppose the latter."

Biden Bashes "Distracted" Democrats For Ignoring Working-Class Concerns

After declaring to a bunch of SALT Conference attendees last month that Hillary “was never a great candidate,” former Vice President Joe Biden criticized the Democratic Party's campaign strategy for winning over working class voters, saying that too many were distracted by the Trump campaign's negativity, the Hill reported.

Euro Slides After Greece Hints At Default

EURUSD is sliding in early Asian trading after Greece's government is reportedly planning to forego its next bailout payment (of around EUR7bn) if no debt relief is offered by creditors (thus leaving it likely to default on its next round of repayments).

Russia Expects China To Help Resolve Syrian Crisis, "Restore The Country"

Moscow hopes for China's help in solving the Syrian crisis and restoring the country, Russian Deputy Foreign Minister Igor Morgulov said Monday. "Our cooperation with China on Syria at various international venues is unprecedented. We blocked six attempts to pass anti-Syrian resolutions in the U.N. Security Council" Morgula said at an international conference.

Remembering A Still Falling Hero: Small Business

Being an American businessman, regardless of ethnicity, political class, economic class, religious persuasion, gender, or anything else, embodied everything the American principle was created for and rose upon. What is taking shape today, and what’s worse – growing – is anything but.

Paris Mayor Condemns Black Feminist Festival Which Bans White People

Paris Mayor Anne Hidalgo on Sunday called for a black feminist festival in Paris to be banned, saying it was prohibited to white people: "I am asking for this festival to be banned" Hidalgo said, adding she reserved the right "to prosecute the organisers for discrimination."