With most global market closed for Christmas holiday, and traders taking the day and the week off, global stocks traded mixed in thin, subdued conditions as the dollar dipped against the yen, with the USDJPY sliding for a fourth straight day to 117, while the EUR was flat at 1.0450, taking stock of the US 10Y yield which closed lower on Friday.
Submitted by Federico Pieraccini via Strategic-Culture.org,
Submitted by Federico Pieraccini via Strategic-Culture.org,
Understanding the objectives and logic that accompany the expansion of nations or empires is always of paramount importance in helping one draw lessons for the future
By EconMatters
There are a lot of concerns out there that has the market terrified, investors are just hoping like hell they don`t lose money before the year is out because they can`t sell due to tax costs. Forget the Market Pullback, we may have a market crash in 2017 if Trump starts a Trade War with China!
While Caterpillar's CEO may have resigned recently, admitting that he misjudged the business strategy, and even the company issued a press release cautioning the market may have gotten ahead of itself, CAT stock does not appear to be bothered, soaring by 12% since the Trump presidential victory, and continues to trade near 2016 highs on hopes an infrastructure push would make excavators great again. For now, however, the woes at the heavy industrial manufacturer continue, with yet another month of declining global sales, the company's 48th in a row.