Australia

Russians Mock, Ridicule Charge They Helped Trump Win

"I don’t think the Russians believed for a minute that Trump could really be elected. They were convinced that U.S. elites would ensure that one of their own would win. They were amazed, even aghast, at what happened."

How The US Could Win A Trade War With China

Both countries would lose in a full-blown trade war, but it is the United States that has the upper hand. Trump understands this, which is why he is pushing China to get a better deal for America. If China also understands it’s in a weaker position, it will be able to avoid a lose-lose scenario.

Risk On: 2017 Stock Rally Continues As Global Inflation Accelerates

Following another day of upbeat economic data, with growing signs that inflation on both sides of the Atlantic is accelerating, investors rediscovered their faith in the Trumpflation rally, pushing global stocks and US equity futures higher, fuelling a second day of 2017 equity gains ahead of today's release of the Fed's December minutes.

Bitcoin Surges Above $1,000 As China Unveils New Capital Controls

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.

Turkey's "Long Arm" In Europe

Turkey is exporting its political wars and tensions to Europe. That is not a good sign for the Old Continent.

Dollar Flash Crashes On Last Trading Day Of 2016

It is perhaps appropriate that in a year everyone finally admitted markets are manipulated by central banks and broken by HFT algos, that on the last trading day of 2016, the dollar flash crashed with for no reason whatsoever.

China Cuts Dollar Weight In FX Basket In Desperate Attempt To "Project Image Of Yuan Stability"

With the Yuan's relentless plunge to all time lows clearly bothering China and threatening to breach  the symbolic level of 7 Yuan to the dollar, overnight Beijing decided to do something about it. Only, instead of actually implementing much needed, and long overdue economic reforms, banking sector deleveraging or financial liberalization, China again took the easy way out.

Global Stocks, US Futures Rise In Thin Trading As Volumes Plunge

Most world markets have reopened following the holiday weekend, but trading volumes remain significantly muted. Asian and European shares advance modestly amid low volumes with U.K. and Ireland closed; S&P futures are little changed while the dollar rose and oil extended its longest winning streak in four months.

U.S. Prepares To Sell Off Its Oil Reserves

The U.S. is beginning to wind down one of the core energy security policies of the past half century as the boom in domestic drilling eases concerns about supply.

Dave Collum's 2016 Year In Review - "And Then Things Got Really Weird..."

"Markets don’t have a purpose any more - they just reflect whatever central planners want them to. Why wouldn’t it lead to the biggest collapse? My strategy doesn’t require that I’m right about the likelihood of that scenario. Logic dictates to me that it’s inevitable..."

How Is Martin Sheen Any Different Than Vladimir Putin?

So if Russia messes with the political process to advance Donald Trump (as the official narrative goes), it’s evil. Yet when Martin Sheen blatantly tries to manipulate the election against Donald Trump with a pathetic piece of propaganda, the New York Times is noticeably silent.