Netherlands

Kunstler: 2017 Is When The Wheels Finally Come Off

The American people have been punked by their own government and their central bank, the Federal Reserve, for years and the jig is now up. In 2017 both will lose their authority and legitimacy, a very grave matter for the survival of this republic.

What Keeps Goldman Up At Night About 2017

Between China, credit markets, financial conditions, political uncertainty, the consequences of Brexit, the presidential elections, global trade, the risk of sharp reflation, and the impotence of central banking, here are the top things that keep Goldman Sachs up at night about 2017.

Angela Merkel To Skip Davos Amid Blowback Against "Global Elite"

Angela Merkel is steering clear of the World Economic Forum in Davos, a meeting expected to be dominated by debate over the looming presidency of Donald Trump and rising public anger with elites and globalization. "It's true that a Davos trip was being considered, but we never confirmed it, so this is not a cancellation," a Merkel spokesman said.

European Stocks Greet The New Year By Rising To One Year Highs; Euro Slides

While most of the world is enjoying it last day off from the 2017 holiday transition, with Asia's major markets closed for the New Year holiday, along with Britain and Switzerland in Europe and the US and Canada across the Atlantic, European stocks climbed to their highest levels in over a year on Monday after the Markit PMI survey showed manufacturing production in the Eurozone rose to the highest level since April 2011.

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.

Beware Trump Tweets, And Other Major Catalysts In 2017 According To JPMorgan

In the latest macro update from JPM's Adam Crisafuli, the strategist writes that the Trumpflation rally which more than doubled the market's YTD gains since the Trump election, has gotten ahead of itself and that "it seems like a lot of headwinds that have been accumulating below the surface for weeks are quietly moving to the fore."

Frontrunning: December 29

  • Russia's Putin says Syrian government, opposition sign ceasefire deal (Reuters)
  • Snap’s IPO Pitch to Tout Service as ‘the Next Facebook’ (WSJ)
  • What History Has to Say About the Economy Trump Will Inherit (BBG) - zero mentions of the word "debt"
  • Trump tax reforms could depend on little-known 'scoring' panel (Reuters)
  • Debbie Reynolds Dies a Day After Daughter Carrie Fisher (BBG)
  • U.S. appeals court rejects SEC's use of administrative law judges (Reuters)

The EU Vs. The Nation State?

The question remains, however, why any nation would want to throw out its sovereignty to institutions that are fundamentally unaccountable, that provide no mechanism for reversing direction, and whose only "solution" to problems involves arrogating to itself ever more authoritarian, rather than democratically legitimate, power.

"HFT In My Backyard" - The Intro

A lot of people are working to map these networks, and that’s good, I’m not alone anymore. As for me, I’ll start “HFT in my backyard” season 2 with a first episode about a new network who showed up recently; it’s not about Frankfurt-London anymore, it’s about London-Zurich (and/or Milan?).