In a much anticipated speech, Mexican President Enrique Pena Nieto warned that "Mexico is obliged to take steps to defend itself given the new vision in U.S.," reaffirming Mexico "as a nation open to the world on trade." The peso is leaking lower as he speaks, erasing post-inauguration gains.
Further headlines include:
As we previewed and was widely expected, President Trump has just signed 3 executive orders: one officially withdrawing the US from the Trans Pacific Partnership, a second one instituting a federal hiring freeze except for the military, and a 3rd executive order limiting abortion funding overseas.
Pres Trump signs 3 Exec Orders including federal hiring freeze "except for the military" and withdrawing US from Trans-Pacific Partnership. pic.twitter.com/XYxMFi8QDj
Having used words never before heard in a Presidential inauguration address:
bleed, carnage, depletion, disrepair, flush, Islamic, ripped, sad, rusted, sprawl, stealing, stolen, subsidized, tombstones, trapped, trillions, unstoppable...
President Trump has face criticism for his no-holds-barred speech - confirming his stance as an anti-establishment "America First" president. Trump advisor Carl Icahn told CNBC on the afternoon of the inauguration...
The Lost Hegemon:
Whom the Gods Would Destroy
Book Review by David Ray Griffin
F. William Engdahl, who is well known for books and articles in geopolitics, has recently published a book entitled The Lost Hegemon: Whom the Gods Would Destroy. The subtitle refers to a dictum by Euripides, “Those whom the Gods wish to destroy they first make mad.”
Authored by Robert Shiller, originally posted op-ed at The Guardian,
Speculative markets have always been vulnerable to illusion. But seeing the folly in markets provides no clear advantage in forecasting outcomes, because changes in the force of the illusion are difficult to predict.
In the US, two illusions have been important recently in financial markets.