Santa Claus is cutting it close: after stocks closed down yesterday, and just fractionally red for the year, the jolly old gift-giver (who now has activist investors breathing down his neck) has just three trading days to push if not stocks then the market into the green for the year.
Submitted by Ron Paul via The Ron Paul Institute for Peace & Prosperity,
Moments after the Fed announced it would hike rates for the first time in 9 years on December 16, the ink on Yellen's statement was not yet dry and one after another bank announced it would hike its respective Prime rate - the benchmark rate on everything from small business loans to credit card monthly fees - from 3.25% to 3.50%.
Submitted by Jeff Thomas via InternationalMan.com,
Russian Defence Ministry spokesman Igor Konashenkov has accused the U.S. of pretending to fight ISIS in the Middle East, in response to the Pentagon refusing to share intelligence on ISIS with Moscow. Konashenkov has said that the Pentagon are fighting ISIS “in word only” during a press conference on Monday. Tass.ru reports: He thus commented on a recent statement by the Pentagon spokesperson Michelle Baldanza who confirmed that the US military did not intend to share with Moscow the information on IS targets until Russia changes its policy towards Syrian President Bashar Assad.