Between alleged interference in U.S. elections by Russia, recent nuclear posturing by North Korea, and chemical weapon atrocities in Syria – it’s hard to keep track of which country is supposed to be the bona fide number one “enemy” of the United States.
"You are not an investor. One can only be an investor in functioning markets. There have been no functioning markets since at least 2008, and probably much longer. That’s when central banks started purchasing financial assets, for real, which means that is also the point when price discovery died. And without price discovery no market can function."
A communique from the IMF’s steering committee released on Saturday in Washington echoed the G-20 reversal, and said that officials “are working to strengthen the contribution of trade to our economies" while omitting a call from its last statement in October to “resist all forms of protectionism."
"It Was Good While It Lasted: Sit back, relax, the bear market in bonds may be over. It would not be unreasonable to expect at least a 50 bps decline from peak to trough in G3 yields following a peak in yield momentum."
North Korea has asked China not to step up anti-North sanctions, warning of "catastrophic consequences" in their bilateral relations. China "may be applauded by the enemies of the DPRK, but it should get itself ready to face the catastrophic consequences in the relations with the DPRK."
"In my long experience in Washington, vice presidents did not make major foreign policy announcements or threaten other countries with war. Not even Dick Cheney stole this role from the weak president George W. Bush. But this week the world witnessed VP Pence threaten North Korea with war. "The sword stands ready," said Pence as if he is the commander in chief. Perhaps he is."
After 70 years of so-called independence, one has to be a professional victim not to look within oneself for the reasons for starvation, unnatural deaths, utter backwardness, drudgery, disease, and misery in India.
Starting later in 2017, China's new submarine factory on the Yellow Sea will churn out nuclear-powered attack submarines ensuring that the sub program of the People's Liberation Army Navy will soon be a deadly global force. Once fully operational, the assembly line will enable China to at least match USN SSN production.