Since 9/11, US corporate media have portrayed Al Qaeda as a monstrous organization whose existence justifies a global war without end. Who could have predicted that by 2016, these same media outlets would become Al Qaeda’s most enthusiastic cheerleaders?
The false recovery narrative will indeed die in 2017, and it will be because the globalists WANT it to die while nationalists are at the helm. This is perhaps the biggest con game in recent history; with conservatives as the fall guy and the rest of the public as the gullible mark.
For those disaffected Hillary snowflakes looking for some level of concrete, tangible evidence from today's Senate testimony from the "intelligence community" that "Russian Hackers" purposefully colluded with President-elect Trump to steal the 2016 election from Clinton, we have some bad news for you....
Clashes broke out outside a Tel Aviv court after an Israeli soldier who executed a Palestinian assailant was convicted of manslaughter on Wednesday in one of the most polarizing cases in Israel's history.
We live in a time and within a culture where the best among us are thrown in jail, demonized or destroyed, while the worst are celebrated, promoted and enriched. Nothing more clearly crystallizes this sad state of affairs than the U.S. government’s ruthless war on whistle-blowers.
"The Executive Board took all relevant factors into account in its discussions, including the Managing Director's outstanding leadership of the Fund and the wide respect and trust for her leadership globally," the executive board said in a statement. "In this context, the Executive Board reaffirms its full confidence in the Managing Director’s ability to continue to effectively carry out her duties."
"With a 4.6 percent unemployment, and a solid labor market, there may be some additional slack in labor markets, but I would judge that the degree of slack has diminished. So I would say at this point that fiscal policy is not obviously needed to provide stimulus to help us get back to full employment."
With a stable long-run unemployment rate but lower unemployment rate projections in 2017 and 2019, the higher projected pace of hikes next year may reflect the committee’s assessment that the economy is close to full employment.
Reading between the lines, Janet Yellen squirmed her way through question after question focused on the effect of Trump's potential fiscal stimulus plan without a definitive answer except to say that a "fiscal boost not obviously needed to get back to full employment" warning that "policymakers must take GDP-to-Debt ratio into account", and questioned whether a tax reduction plan would improve the economy or productivity at all.
The overseers of the U.S. intelligence community, the ODNI, has refused to endorse the CIA's assessment "because of a lack of conclusive evidence" that Moscow intended to boost Trump over Democratic opponent Hillary Clinton.
The key economic releases this week are retail sales on Wednesday and CPI on Thursday. The key market-moving event will be the December FOMC statement released on Wednesday at 2PM. In addition, there is one scheduled speaking engagement by Richmond Fed President Lacker on Friday.
In a quiet start to the week, European, and Asian stocks fell with S&P futures fractionally in the red, as Chinese markets tumbled the most since June and crude oil surged, even as the Nikkei erased all losses for 2016 on continued weakness in the Yen.