"That was no presidential speech; that was a veritable declaration of war. Threatening in tone. Cold and calculating in logic. Change minus the hope.... In domestic policy, the Trump agenda sounds like a blueprint for civil war; in foreign policy, it sounds like the dawn of a new ice age."
Hundreds of thousands crowds of women, many wearing bright pink knit hats and carrying Starbucks lattes, swamped into downtown Washington, arriving by bus, train and car on Saturday for a march in opposition to U.S. President Donald Trump one day after the Republican took office.
"If a country were to leave the Eurosystem, its national central bank's claims on or liabilities to the ECB would need to be settled in full," Draghi said in a striking admission on Friday, confirming that the ECB has contemplated the conditions under which a eurozone exit is permissible.
The saying goes that a picture is worth a thousand words. Maps are worth many more. Our perspective on the world is rooted in an objective and unbiased approach to examining geography and power. These four maps are especially helpful in thinking about the geopolitical forces that will shape the world in the year ahead.
What will the year ahead look like for Europe? 2017 will be another chapter in the European Union’s slow unraveling (which even Soros sees as inevitable)... a process that has been underway for over a decade.
"Democratic leaders are calling his election illegitimate, and most of the media wants Mr. Trump to implode. No President since Nixon will face a more hostile resistance in the press and permanent bureaucracy. Mr. Trump promised to disrupt the status quo, and to succeed he will have to."
"The first half of 2017 could look like a normal business cycle, but in the second half it seems plausible the cycle in the US could face significant challenges, and so could equities. The potential problems are as follows."
The old order is passing away. Treaties and alliances dating from the Cold War are ceasing to be relevant and cannot long be sustained.The greater danger for President Trump is that the movement he led will be abandoned, its hopes dashed, and the agenda that Trump rejected and routed will be reimposed by a Republican Establishment and its collaborators in politics and the press.
'Trump Time' - Let the games begin - Massive political uncertainty – President’s conflict with the CIA – ‘Strong dollar policy’ to end as U.S. has $120 trillion plus debt – Trump inherits Bush and Obama’s humongous debt
"All eyes will be on the content and style of Trump's inauguration speech," Morgan Stanley's Hans Redeker wrote in a note. "The more 'Presidential' this speech comes across, the better the outcome for markets." And as BonY added, "If Trump ramps up the rhetoric the market will be concerned about building long dollar positions."
Donald Trump is right to say America’s NATO allies aren’t paying their fair share. As Bloomberg notes, the alliance expects its members to spend 2% of GDP on defense; but it’s no secret that most of them don’t...
"Guys! You lost! You lost big. Get a grip. It’s a different world out there. Adapt accordingly or fade away. Something tells us the adaptation process will prove too much for most of Europe’s current leaders. That will necessarily mean that most won’t be leaders for long."
"The CIA is a sitting duck for Trump. He has every reason to abolish the agency that has traditionally operated on behalf of narrow interests. There is no reason for Trump to tolerate spurious charges against him by the CIA. At best the CIA is incompetent. At worst the agency is complicit in, or organizer of, terrorist events."
A Jewish charitable trust has sued Deutsche Bank, alleging the German bank wrongly withheld as much as $3 billion from the heirs to a wealthy German family. According to Bloomberg, the lawsuit claims the bank refuses to return the funds initially deposited by the Wertheim family in accounts opened at what is now Credit Suisse Group AG before the rise of the Nazis in Germany.