Goldman Sachs is relatively optimistic about growth in 2017, for three reasons: first, despite the lack of spare capacity, US recession risk remains below the historical average; second, financial conditions should remain a growth tailwind - at least in the first half of 2017; and third, we expect a fiscal easing accumulating to 1% of GDP by 2018. However, uncertainty remains and here is what Jan Hatzius and his team believe are the ten most important questions for 2017.
"We can just cut them off economically. No more direct flights, no more trade. Nothing. Taiwan would not last long," a retired senior officer who maintains contacts with the PLA told Reuters. "There would be no need for war", he said however another source added that "If Trump challenges 'one China' after becoming president, this would cross our red line."
Is there any evidence those expelled are “intelligence operatives”? Any hard evidence Russia was behind the Hillary hacks? Any credible evidence that Putin himself is to blame? The answers are No, No, and No. Yet, once again the American press is again asked to co-sign a dubious intelligence assessment.
Cognitive dissonance is a powerful drug. It makes otherwise-very-intelligent people goofy and incoherent in their thinking and blinds them to certain realities that they should normally see right in front of their noses. You’ll hear hundreds of theories and rationalizations on Trump’s miraculous victory, but a reason you will almost never hear is also the most likely one: Trump won the election because he serves the interests of the establishment.
“We reserve the right to retaliate, but we will not sink to the level of this irresponsible ‘kitchen’ diplomacy. We will take further moves on restoring Russian-American relations based on the policies that the administration of President-elect Donald Trump adopts,”
The passing of George Michael this week reminded many of the seemingly short life expectancy of musicians (and performers in general). In fact, as on study found, while blues, jazz, and country singers typically live as long as the average American; rock, techno, punk, metal, rap, and hip hop stars die significantly sooner.