Two reasonably adult statesman undertook what might be called the Christmas Truce of 2016. But like its namesake of 1914 on the bloody no man’s land of the western front, the War Party has determined that the truce-makers shall not survive. The Donald has been warned.
While Trump seemingly remains the only topic worthy of discussion blanketing the airwaves, as the following chart from Goldman demonstrates, it has been China where policy uncertainty has stealthily exploded in the past three months.
"Trust us," they say. "We’ll help you navigate Facebook and filter out the fake news stories,” they promise.But just who are these self-appointed gatekeepers who claim to be the ultimate arbiters of what is or is not “fake news”?
Despite record gluts in crude and gasoline amid resurgent US crude production, hedge funds boosted their net long position in WTI last week to a new record high. For the first time ever, hedge funds hold more than a billion barrels of bets that crude oil prices will rally.
While Donald Trump has been consumed by concerns of halting dangerous foreigners from entering the US, the opposite happened on Monday morning, when eleven people walked through an unscreened security lane at John F. Kennedy International Airport in New York and reprotedly boarded flights to unknown destinations.
While armchair and tenured economists took Trump to task last week over his reportedly "overly optimistic" GDP projections, it is worth recalling that in 2009 when Obama took office in the midst of a recession, the former president projected GDP growth of 3.5% to 4.5% for 2010-2014. He never even got above 3%.
"The United States is now in the extraordinary situation that the liberal/progressive/left is allied with the deep state against democracy. The liberal/progressive/left are lobbying for the impeachment of a president who has committed no impeachable offense. The neoconservatives have stated their preference for a deep state coup against democracy. The media obliges with a constant barrage of lies, innuendos and disinformation. The insouciant American public sits there sucking its thumb."
China’s move to ban coal imports from North Korea, effectively crippling the country’s already battered economy, will have two implications: it may prompt Beijing and Washington to sit deal and figure out how to "resolve" the problem, and it may risk the start of a political crisis with unpredictable regional consequences.