US equity futures were flat, European stocks rose and Asia was mixed after the dollar posted a modest rebound overnight despite Mnuchin's "strong dollar" comments, while oil was flat and gold fell, as investors focused on President Donald Trump’s plans to boost growth. The pound fell after a U.K. court ruled that Parliament must vote on triggering Brexit.
In a blow to Theresa May's ambitions to implement a "clean Brexit", on Tuesday morning UK’s Supreme Court ruled the UK Prime Minister can’t start the Brexit process without approval from Parliament, a decision that could potentially complicate her path toward a clear break from the European Union. Eight justices voted against the government and three voted in favor of it, in a decision that was widely expected.
Submitted by NIck Kamran of Letters From Norway
On Friday, January 20th, 2017, I went straight from work to the Hard Rock Café in Oslo to witness a most historic event: President Trump’s inauguration and I spoke with NRK afterward.
America is Both an Immovable Object and Unstoppable Force:
Elites at the World Economic Forum’s annual meeting in Davos, Switzerland, spent the week bickering about how best to address the rejection of globalization and the upending of the New World Order, a debate made doubly urgent for the terrified globalists by upcoming elections in Europe this year where anti-establishment parties stand to gain more ground.
Regular readers remember how, when we first reported around the time of our launch eight years ago that central banks buy stocks, intervene and prop up markets, and generally manipulate equities in order to maintain confidence in a collapsing system, and avoid a liquidation panic and bank runs, it was branded "fake news" by the established financial "kommentariat." What a difference eight years makes, because today none other than the WSJ writes that "by keeping interest rates low and in some cases negative, central banks have prompted some of the most conservative investors to joi