Jose Canseco isn’t alone in his fantastical thinking and enthusiasm. Countless intelligent individuals, that have made careers out of economics, have had their minds softened over by theories not too different from Canseco’s. Namely, that a perpetually higher stock market is good for the economy. Of course, the only way to achieve a Dow 40,000 target in four years is through massive amounts of monetary stimulus (not fiscal).
A NATO-Russia confrontation has been classified as a top "conflict"risk for the US in 2017 by the annual CFR survey, conducted by foreign policy experts. This placed it alongside the risk of a nuclear crisis with North Korea, a "highly disruptive cyberattack", and a severe terrorist attack on the US among the biggest geopolitical risks for the US.
Drone footage has revealed extreme devastation in eastern Aleppo, once Syria's largest city and thriving economic center with its renowned ancient sites, with crumbling homes and deserted streets replacing a once-lively area of the city.
The Obama Administration seems to be making considerable progress to set up the next U.S. President, Trump, with an “unraveling” situation in Syria, so as to enable Trump to continue Obama’s war against Russia and all its allies (such as Syria). Whether President Trump will continue Obama’s policy isn’t yet clear.
"The counter-terrorist operation in Aleppo will be completed within a few hours. All the militants along with their families and the wounded are now withdrawing through the agreed corridors in the directions they themselves have chosen, including in the direction of Idlib,” the Russian envoy said.
While prosecuting and sanctioning people who criticize Islam is becoming more common in Europe, this practice used to be reserved only for Muslim countries officially governed by sharia law, such as Saudi Arabia or Pakistan, where it is forbidden to insult Islam. It is a pity that European courts and other state bodies have begun taking their cues from Islamic law.
On Sunday, the Islamic State retook the desert city of Palmyra in Syria for the second time in two years after being driven out of the city hours earlier by heavy Russian aerial attacks, a group monitoring the country's conflict reported.
Forecasting the future of currencies is a notoriously risky business. Forces may push them in a particular direction, but in the ever-changing environment of the foreign exchange market, events anywhere in the world, at any point in time, can alter their course. Nevertheless, the dollar is steadily strengthening, and it could create headaches in other parts of the world.
Chancellor Angela Merkel pledged to ban the burka and bring the refugee crisis under control, adding that German law “takes precedence” over the Islamic code of Sharia in a shock speech at her annual party conference, delivered moments before she was reelected as CDU chairwoman.
European and Asian markets rose, while U.S. index futures were little changed, with the Dow Jones Industrial Average pushing for yet another record, as traders digested the Italian referendum news, await the ECB's Thursday announcement and reflect in a notably quieter overnight session. Oil slipped from a 16-month high after 4 straight days of gains.