Compared to the stable and mature political identities of the American, British, and French nations, the political identities of both Israeli and Palestinian peoples are, in a way, in their adolescence. Israelis and Palestinians alike, have and continue to interpret the nature of the discord between them as "you versus me" in a prejudiced and selective way.
San Francisco is the top sports area in the world today.
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
The upside is ephemeral, illusory or wishful thinking; the downside is real and lasting.
On October 30, the BOJ was widely expected to do something and disappointed markets by doing nothing.
Then, on December 3, the ECB had pushed markets into a rabid, EURUSD-shorting frenzy only to dramatically disappoint by doing the barest of minimums compared to the historic pre-jawboning by Draghi and company.
Today, according to the market there is nearly a ~80% probability that the Fed will announce the first rate hike, precisely 7 years to the day after it cut rates to zero.
But... "priced in"? "Non-Event"?
2Y yields are within a smidge of 1.00% for the first time since May 2010...
As The Dow dumps off opening highs into the red for the day...
But what do Treasuries know that stocks don't...
Charts: Bloomberg