"What if consensus is wrong: what if rates are rising due to the end of Quantitative Easing and not because of reflation/escape velocity on growth? Rates then rise without growth, perhaps even without much inflation. Indeed, rates started rising back in August, on momentous shifts in policy by BoJ (forced by capacity constraints and collateral damage). Such scenario is not good for equities, contrary to what currently believed by markets."
OPEC agrees to cut 1 mm barrels: OPEC produces averages 33 mmbpd in 2017; WTI averages $59/bbl in 2019 OPEC again fails to reach an agreement:OPEC production averages 34 mmbpd in 2017, WTI drops to $40 then rebounds to $45 in 2017
The past many months have carried a lot of noise about the coming crash, about a tipping point that may be fast approaching. The economics are simply giving way, and they can’t hold the illusion forever. Now that Donald Trump will be calling the shots, the money powers can usher in collapse if they wish, and have ready their scapegoat.
There’s the garden variety fake news that is not really “news” so much as it is titillating, tabloid-worthy material peddled by anyone with a Twitter account, a Facebook page and an active imagination. Anyone with an ounce of sense and access to the Internet should be able to ferret out the truth and lies in these stories with some basic research. Then there’s the more devious kind of news stories circulated by one of the biggest propagators of fake news: the U.S. government.
In what may be an early crisis test for the president-elect, on November 29, the nationwide campaign to increase the federal minimum wage in the United States has calling for a "Day of Disruption", namely strikes and civil disobedience, on November 29 in the latest push to raise the minimum wage in the US to $15.
America didn’t get what it expected, but perhaps it got what it deserved, good and hard. The kids on campus have gone temporarily insane over this domestic situation and some wonder if they’ll ever get over it.
In 2008, Obama talked of Middle Pennsylvanians as poor losers clinging to their bibles, bigotries and guns as they passed from the scene. Yet, now, it’s looking like it may be Obama’s world headed for the proverbial ash heap of history.
The fading elite will render the nation ungovernable rather than concede its power, wealth and global influence. This is the inevitable result of profound political disunity, which arises when the ruling elite has lost the consent of the governed...
"The amateurs are the ones conquering the world and I’m rejoicing because the professionals are the ones who have reduced the world to this state. Hillary Clinton, Obama and all the rest have destroyed democracy and their international policies. The experts, economists and intellectuals have completely misunderstood everything."