Via Howard Kunstler of Kunstler.com,
Halloween’s coming super-early this year and it will be a shocking surprise to those currently busy looking for Russians behind every potted plant in Washington DC. First, accept the premise that your country has lost its mind.
It's not just the Obamas that are moving into swanky mansions across Washington D.C.. This last weekend saw two $12-million-plus homes sold in the D.C. area with realtors noting "Trump's bringing people from outside a local market...and they’re coming from a much more expensive market."
Treasury Secretary Steven Mnuchin is the buyer who shelled out $12.6 million for a nine-bedroom home overlooking Rock Creek Park.
By EconMatters
We discuss the S&P 500, Gold, VIX, Bonds, US Dollar, Oil and the Currency Markets in this Trading Video. Until The VIX spikes above 14, nothing Dramatic is going to happen in Financial Markets!
https://www.youtube.com/watch?v=lmojy03YjEw
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Via Pater Tenebrarum of Acting-Man.com,
Defying Expectations
Something historic, if largely unnoticed, took place at the end of 2016: China’s banking system surpassed that of the eurozone, becoming the world’s largest by assets, which according to the FT is a sign of both of the country’s increased influence in world finance and its reliance on debt to drive growth since the global financial crisis. It is also a confirmation that when it comes to interwoven, "Too Big To Fail" financial systems, nothing compares to China and that the onus is on Beijing to keep its banks viable and solvent at all costs.