"The Fed will dominate the Wed wires but monetary policy really isn’t driving the tape at the moment and that won’t change following the final FOMC decision of the year. Far more important is US politics and the specifics around Trump’s tax and regulatory plans."
Censorship is not helpful to democracy--rather, it is the death of democracy. We should ponder that as the mainstream media's increasingly frantic cries for censorship fill the airwaves and print media. Unfortunately for the ruling elites and their mainstream media shills, you can't put the Internet genie back in the bottle without destroying the economy and democracy.
It is the CIA’s remote-controlled media, with its «fake news» and its pushing of the CIA’s «fake intelligence», that is victimizing the American people. President Trump’s first action as commander-in-chief should be a complete shake-up of the CIA with the goal of doing what President Kennedy vowed to do with the «bastards» who ran the agency: splinter it in a thousand pieces and scatter it to the winds.
How can this be happening? We were supposed to be doomed! If this surfeit of good news on the climate continues, it will threaten to derail a major gravy train. In short, the big pause is continuing...
Copper is up 20.85% this year, a harbinger of returning 1970's style inflation. Goldman Sachs is taking a bullish view for 2017 in sharp contrast to their admittedly "bearish expectations" for 2016. Here's why
While all the headlines have been about 10Y Treasury yields breaking above 2.50% briefly for the first time since September 2014, the bigger news for the world of bond traders is the utter bloodbath in ultra-long duration European bonds.
Despite Saudi Arabia pumping record amounts of crude, the energy complex has spiked 6% higher tonight after two major headlines. First, Russia and other non-OPEC nations agreed to join the OPEC pledge to reduce production; and then, in what some are calling their "whatever it takes" moment, Saudi Arabia surprised the market by saying it will cut more than previously agreed.
In a genuinely free market, the profitability of firms is a good reflection of their ability to better satisfy the wants of consumers. In a world of this sort of crony capitalism, profits are de-linked from a connection with consumers and we cannot say with confidence that any given firm’s profits reflect value creation.
A probe into October’s sterling "flash crash" has focused on the Japanese trading operations of Citigroup, which fired off repeated sell orders that exacerbated the pound’s fall. One of the US bank’s traders "panicked" and placed multiple sell orders when the currency slumped in unusually fragile market conditions.
Global stocks extended the longest winning streak since September, with Asia up 0.8% and Europe rising 0.7% while bonds and credit markets strengthened amid hopes that the European Central Bank will prolong quantitative easing, while optimism an Italian bailout of Monte Paschi will prevent European bank contagion, has pushed European financial stocks higher. US equity futures were little changed.