International Monetary Fund

Frontrunning: December 16

  • The narrative continues this time from Reuters: Putin turned election hacks in Trump's favor: officials (Reuters)
  • Russian Special Forces Key to Aleppo Victory (WSJ)
  • Dollar Hits Speed Bump in Fed-Driven Rally; Bonds Stem Declines (BBG)
  • Battered euro and yen recover after dollar surge (Reuters)
  • Wall Street's 2017 Forecasts Are Doomed If Trump Doesn't Follow Through On Campaign Promises (BBG)

What Is The Real Purpose Behind "Fake News" Propaganda?

In the end, ideological combat actually prevents people from learning rather than helping them get to the root of the issue. We live in a world where truth is superfluous to the overall narrative. The only thing that is important is destroying your rivals.

Frontrunning: December 13

  • Trump Picks Exxon Chief for State Amid Concerns (Reuters)
  • Buoyant Markets Pose New Challenge for the Fed (WSJ)
  • Tweeter-in-Chief Trump Faces Test After Yellen’s Rate Decision (BBG)
  • Trump Dissing Daily Intelligence Briefing Worsens Rift With CIA (BBG)
  • SWIFT confirms new cyber thefts, hacking tactics (Reuters)

Frontrunning: December 6

  • For Europe’s Unity, 2017 Will Be a Year of Reckoning (WSJ)
  • Oil dips as OPEC, Russian output rises ahead of production cut (Reuters)
  • The Pessimist's Guide to 2017 (BBG)
  • Donald Trump’s Message Sparks Anger in China (WSJ)
  • Brazil’s Reform Plan in Disarray After Senate Chief Removed (BBG)

Mexican Central Bank Head Quits Amid Fears Over "Trump Impact"

In one of the day's more puzzling developments, the head of the Mexican central bank, Augusten Carstens, announced he would unexpectedly stand down from his post next July, 4 years ahead of his term's end. Why the sudden announcement? Among the theories emerging is that Carstens has had enough dealing with the unpredicabilities in the political climate, especially since the Trump election, and wanted out.

The War On Cash Is Happening Faster Than We Could Have Imagined

The political and financial establishments want you to willingly get on board with the idea of abolishing, or at least reducing, cash. And they’re pumping out all sorts of propaganda to do it, trying to get people to equate crime and corruption with high denominations of cash. Simply put, the data doesn’t support their assertion.

In Surprising Move China Replaces Finance Minister, Ending Hope For Reform

In a stark and unexpected development, one which could have significant consequences for the future of China's economic reform push, on Monday Beijing unexpectedly removed Lou Jiwei, its highest-profile finance minister in years. His removal raises questions about whether reform-minded officials are being sidelined as Beijing prioritizes short-term growth over major overhauls.