Turkey

Frontrunning: January 27

  • Mexico Dispute Could Overshadow May’s Free-Trade Message (BBG)
  • NATO, Russia and trade top the agenda for Trump talks with Britain's May (Reuters)
  • Trump's plan for import tax worsens crisis with Mexico (Reuters)
  • Nafta’s U.S. Impact is Modest (WSJ)
  • Republicans Are Making Little Progress on Their Obamacare Repeal Strategy (BBG)

Obama Bequeaths A More Dangerous World

The world that President Obama bequeaths to President Trump may not have all the same dangers that Bush left to Obama but the post-Obama world has hazards that Obama did more to create than to resolve - and some of the new risks may be even scarier.

Trump Proposal For Syria "Safe Zones" To Escalate US Military Involvement In The Region

Establishing safe zones in Syria would mark an escalation in America’s military involvement there: in addition to the initial military buildup that likely would be needed to create the zones, ground troops and additional air power will be needed to protect them. Such zones would also put U.S.-allied forces in dangerous proximity to foreign troops, including forces from Russia.

America's Putin Derangement Syndrome

Last week as Trump was preparing to take office, New York Times declared "the big winner" of the change in US presidents was Vladimir Putin. So how did he do it? The answer is not by blackmailing Trump, hacking the DNC, or any other such nonsense put out by disappointed Clintonites. Rather, Putin prevailed through a combination of skill and luck. He played his cards well, and had the good fortune of having an opponent who played his own hand extremely poorly - Russia won because America lost.

Frontrunning: January 24

  • Dollar steadies after stumble, sterling rides out Brexit ruling (Reuters)
  • After U.S. exit, Asian nations try to save TPP trade deal (Reuters)
  • U.K. Court Rules Brexit Trigger Needs Parliamentary Vote (BBG)
  • Brexit plans unlikely to be slowed by Article 50 defeat (Reuters)
  • Health Secretary Nominee Proposed Bill Benefiting Puerto Rico Investments (WSJ)

Key Events In The Coming Week: All Eyes On Trump's First Actions

The key economic releases this week are durable goods and GDP on Friday. On the political front, the focus will be is on the first actions of the Trump administration including moves on TPP and NAFTA. There are no scheduled Fed speeches this week.