The essence of American politics is “the manipulation of populism by elitism.”Don’t expect this to change in the wake of the navel-gazing mainstream’s historic whiff on the election–despite the occasional mea culpa and promise to overhaul its approach. Mostly because 90 percent of the MSM is owned and operated by six conglomerates that have little interest in changing the system that profits them, or in changing the editorial narratives that support the system.
Some $1.1 billion worth of Christmas tree ornaments and $346 million of Christmas tree lights were imported from China between January and September 2016. China accounted for 92% of the total US ornament imports and 87% of the total US tree light imports.
For those who collect stats about how many billionaires will be represented in Donald Trump's administration, prepare to make some extra room because according to Bloomberg, David McCormick, president of the world's biggest hedge fund Bridgewater, is the front-runner for the post of deputy defense secretary, according to three people familiar with the presidential transition.
While the bump in rates has been fastened to the recent election of Donald Trump, due to hopes of a deficit expansion program (read: more debt) and infrastructure spending which should foster economic growth and inflation, it doesn’t explain the global selling of U.S. Treasuries.
One of the world’s leading investors, Mark Mobius told a gold conference in Dubai that the new ‘Shariah Gold Standard’ is both “innovative and revolutionary” and importantly will bring “transparency” to the physical gold market which suffers from a lack of trust.
Yesterday's brief hiccup in what has been an otherwise relentless rally in global risk assets is all but forgotten this morning, as European and Asian stocks, and US equity futures, all rise in quiet trading ahead of tomorrow's FOMC meeting, with the Dow set to make a 16th consecutive post-election all time high.