"The Donald is not leading America to the promised land... Instead, he's leading it to war abroad, fiscal and economic calamity at home and a crisis of governance that pales Watergate into insignificance."
"... The invisible line has been crossed. Trump and Xi Jinping have both gone all in. There’s no backing up. There’s no walking away. They’ll keep chest bumping each other until something serious happens. Then it will really be game on."
One of the most closely followed leading indicators of an imminent funding crisis and global credit crunch finally broke above its 6 year range, when the USD Libor-OIS spread jumped 2bps on Friday, rising to 44.23bps.