Nomination

Strzok-Gate And The Mueller Cover-Up

If no evidence either of a criminal conspiracy or of inappropriate secret contacts by the Trump campaign and the Russians has been found after eighteen months of intense investigation by the biggest and mightiest national security and intelligence community on the planet, then any reasonable person would conclude that that must be because no such evidence exists.  Why then is the investigation still continuing?

Asian Market Rout Goes Global On Tech, Tax And Government Shutdown Tremors

A selloff which started in Asia, driven by renewed liquidation of Chinese and Hong Kong tech stocks and accelerated by weaker metal prices which pushed the Shanghai Composite below a key support and to 4 month lows, spread to Europe and the rest of the world as investors continued to lock in year-end gains among the best performing assets amid a broad risk-off mood.

The US Aristocracy's Smear-Russia Campaign: Big Brother At Work

"Both of the official ‘experts’ who are promoting the Russiagate charges, are longtime, and repeatedly, exposed liars - but that’s the best they can do, always assuming that the public don’t know that these people are propagandists for the military-industrial complex, not real ‘public servants’ at all."

Pat Buchanan: Why Roy Moore Matters

".. this coming year may be a do-or-die year to recapture the Third Branch of Government for conservatism... which is why that Dec. 12 election in Alabama counts.:

Frontrunning: November 28

  • Traders await Powell hearing; Brexit doubts grip pound (Reuters)
  • Fed nominee Powell, once hawkish, now champions Yellen's focus on jobs (Reuters)
  • Tax drama intensifies as bill faces key vote (Reuters)
  • Trump Appointee Asserts Control Over CFPB for Now (WSJ)
  • Senate Bill in Limbo Amid Budget Panel Drama (BBG)

Key Events In The Coming Week: Senate Tax Vote; Euro Inflation; GDP; OPEC, Fed Speakers

It's a busy week as traders return from the long Thanksgiving holiday, with inflation releases in the Eurozone and Japan. We'll also get the second estimate of US GDP, housing data and ISM manufacturing, UK monetary aggregates and PMIs in China. Finally, the Russia-OPEC meeting takes place in Vienna on November 30, while the Senate hearing of Fed chair nominee Powell and Yellen's testimony before Congress will be closely watched.

White House Considering Mohamed El-Erian For Fed Vice Chair

In what will come as a big surprise to many Fed watchers, moments ago Dow Jones reported that among other candidates, the White House is considering Mohamed El-Erian, Bill Gross' former partner at Pimco until the duo's infamous falling out, and one of the few people who - together with John Taylor - actually deserve the nomination.

Global Stocks Drift Lower As US Futures Rebound From Overnight Scare, Oil At 2 Year Highs

Following an early shaky start, which saw the Hang Seng tumble as much as 1.6% driven by weakness in financials and real estate names following the latest warning by PBOC governor Zhou about "sudden, complex, hidden, contagious, hazardous" risks In markets and a decline in local real estate prices, and pressure global risk, US equity futures have recouped all losses and are back to unchanged on monday morning.

NY Fed President Bill Dudley Retiring

Late on Saturday evening, CNBC's Steve Liesman reported that Fed vice chairman Bill Dudley, a former Goldman managing director and chief economist, not to mention a key figure in "the unprecedented government response to the financial crisis", is expected to announce his retirement as soon as next week.