"...government 'shutdowns' are neither as unpopular, or as troublesome, as the media and Washington politicians assume...The evidence is pretty clear - the longer these politicians bicker and argue, the better off everyone else will be."
"Amazon.com may not only be gearing up to accept cryptocurriences as a means of payment, but I also believe that the company could be on its way to creating one of the world’s largest cryptocurrency exchanges..."
"These are some of the big questions that a nation not 100%-distracted and misdirected will want some answers to... how long can this toxic political struggle go on before the financial markets notice what it says about the country."
Despite seemingly crippling U.S. sanctions and the EU’s hastily engineered gas rules, the construction of Nord Stream 2 has been going forward as planned, and for the first time in history, its share in Europe’s gas consumption reportedly reached 40%.
Shortly before 1pm ET, the Senate voted to advance a funding bill that will reopen the government, ending a three-day standoff that left federal agencies shuttered and hundreds of thousands of workers furloughed.
"Tax reform is fully priced, especially if one agrees with our view that multiples are likely to fall when the earnings revisions stop rising and investors recognize they are staring at a massive deceleration in 2019..." - Morgan Stanley
With global markets trading at all time highs, and the world economy benefiting from a coordinate rebound, the mood at Davos is surprisingly weary: "If things seem too good to be true in the global economy, they probably are."
"Bitcoin is an excellent idea [because] it fulfills the needs of the complex system... not because it is a cryptocurrency, but precisely because it has no owner, no authority that can decide on its fate. It is owned by the crowd, its users."