Business

Plunder Capitalism

Paul Craig Roberts

The first full week of December is shaping up as rather busy, with such Tier 1 data in the US as the payrolls report, durable goods orders and trade balance. We also get UK PMI data and GDP, retail sales across the Euro Area, as well as central bank meetings including Australia RBA and BoC monetary policy meeting.

Key events per RanSquawk

Authored by Charles Hugh Smith via OfTwoMinds blog,

The central banks claim omnipotent financial powers, but their comeuppance is overdue.

A reader emailed us, to ask a few pointed questions.

Paraphrasing, they are:

• Stock futures jump after Senate approves tax bill (Reuters)
• Tax Bill Marked by Blinding Speed (WSJ)
• Corporate Winners and Losers in the GOP Tax Bill (BBG)
• Flynn’s Guilty Plea Sparks Clashing Interpretations (WSJ)
• Irish border deal reported settled as May meets Juncker (Reuters)
• Houthi radio says ex-president Saleh killed in Yemen fighting, no confirmation (Reuters)
• Oil falls after U.S. drilling picks up (Reuters)
• FBI Agent Removed From Russia Probe Had Key Role in Clinton Email Investigation (WSJ)