Submitted by Chris Martenson via PeakProsperity.com,
One serious predicament we face is that the current leaders in the halls of monetary and political power do not appear to understand the dimensions of our situation. The mind-boggling part about it is that the situation is easy to understand.
Our collective predicament is simply this: Nothing can grow forever.
A staggering 176,000 gallons of crude oil was allowed to spill near the Dakota Access Pipeline camp where protestors are camped out. According to the North Dakota Health Department, electronic monitoring equipment failed to detect a rupture in the pipeline, allowing it to spew thousands of gallons of crude oil in the nearby North Dakota creek, located just two and a half hours from Cannon Ball where protestors are camped out.
Congress has approved funding for the first ever ‘Ministry of Truth’ propaganda agency in the United States, which Obama is expected to sign into law before he leaves office. Amid a heavy-handed crack down on independent media outlets under the guise of countering Russia propaganda, the U.S. government have introduced a number of emergency measures to ban subversive news from appearing online and to counter them with their very own propaganda. The House previously passed “H.R. 6393, Intelligence Authorization Act for Fiscal Year 2017“, at the end of November, which will allow U.S.
Following Friday's report by RCB's Charlie McElligott which sought to answer "THE" question every investor is asking, namely "what could derail this rally", today's the cross-asset strategist has released a follow up analysis in which he warns that even though the bond battering continues - and is likely to continue for a while - the market is now being set up for a "massive mean-reversion" counter-trend rally as soon as January.
His arguments why are presented below:
The overnight exuberance in crude oil futures markets has faded notably as the day has worn on. While news of supply cuts are unquestionably bullish (should one choose to believe it or not, remember the Saudis admission "we tend to cheat"), but the last few days have also seen a plethora of bearish-biased news that for now is being ignored.
The excitement is fading...