"... the issue of rising borrowing costs spreads through the entire financial ecosystem like a virus. The rise and fall of stock prices have very little to do with the average American and their participation in the domestic economy. Interest rates, however, are an entirely different matter."
Uber's new CEO spoke at a conference in Germany, where he said that he now sees manufacturers producing flying cars for U.S. within 10 years even as he concedes that there is a lot left to do before fully autonomous cars are ubiquitous.
US equity markets were lower heading into the open but have been panic-bid since the cash markets opened... which happens to have coincided with E*Trade's online trading platform being down for its millions of retail traders...
"Pushing the spending bill into the debt ceiling time-line may make a package even more politically toxic, especially since Republicans may have more objections to raising the debt ceiling than Democrats."
"Unexpected" disruptions in the global economy in 2018 should be 'expected' as the coordinated stimulus phase ends and the disruptive, messy, Darwinian phase of tightening/ normalizing rates and balance sheets gathers momentum.
Global stocks and U.S. bond markets on Monday shrugged off day three of the US government shutdown in Washington, although the dollar pulled back as the euro continued its strong start to the year, while U.S. stock index futures were basically unchanged.
"...increasingly more advanced forms of artificial intelligence... can hide information which goes against the interests of those power structures and elevate narratives which support those interests, all of course while maintaining the illusion of freedom and lively debate..."
The 99-page FISA court opinion "describes systematic and on-going violations of the law [by the FBI and their contractors using unauthorized disclosures of raw intelligence on Americans]. This is stunning stuff."
Turkish officials have turned on Ankara’s allies, insinuating that the US & France in particular have been providing massive military support to Kurdish YPG in Syria... "Anyone who opposes Turkey’s operation in northern Syria’s Afrin region is siding with terrorists and will be treated accordingly."
"... the US and its NATO subordinates persist in a Cold War mindset in order to fulfill ambitions of unipolar control... putting the world at greater risk of a nuclear catastrophe than at any time during the former Cold War."