Yesterday, we showed that according to Wall Street , the biggest tail risk facing investors right now is a "trade war" and that should trade tensions escalate, lower stock prices would be the immediate result. Today, this is precisely what is happening.
"It’s not just Cambridge Analytica that’s been exploiting Facebook through deep diving apps that amuse us with puppy pics, while measuring and tailoring product and messages to our desires and weaknesses. Its happening across the board – it’s a dimly understood marketing revolution."
The European Commission has proposed new tax rules that would require US tech firms to pay taxes in the countries or regions where they generate value - not just where their headquarters are located...
"...the peoples of Europe are drifting apart...the political divide in Europe may now be hard to roll back absent a shift in focus to national priorities that pay urgent attention to the needs of those being left behind."
"95% of Russia’s population supports conservative-patriotic, communist and nationalist ideas. That means that liberal ideas are barely surviving among measly 5% of population... And that’s your fault, my Western friends. It was you who pushed us into 'Russians never surrender' mode..."
"Events in Syria increasingly resemble a direct confrontation between major powers rather than a proxy war. Lavrov’s words, delivered a few days ago, reveal the critical phase of international relations the world is going through, with a potentially devastating conflict ready to ignite in the Middle East region."
"My boys were sacrificed on the altar of American hubris... It has been 15 years since OIF, and there - in Iraq and Syria - US servicemen remain, wedged between Saudi-backed Sunni Islamists, and Iranian-backed Shia militiamen..."
"As of March 26, countries around the world will have a genuine, viable way to opt out of the petrodollar system... As the petrodollar dies, gold will be re-monetized... and China will be another step closer to displacing the US."
"It’s not a conspiracy anymore because a conspiracy requires secrecy, and they are in the open now. It’s not a theory, it’s a fact and you cannot argue with the facts. They just haven’t told the American people their agenda..."