Europe

There’s a big disconnect for traders. Everyone keeps telling Bloomberg's Richard Breslow that there's so much uncertainty out there that it's too dangerous to trade. They also assume every time we get yet another flailing gyration in a given day’s price action that someone knows something -- and it’s big.

The truth is, no one knows anything at the moment. There are enormous uncertainties on every continent and where the ball stops bouncing is anybody’s guess. And your guess is as good as the next guy’s.

Submitted by Raul Ilargi Meijer via The Automatic Earth blog,

I’m trying, I swear, to get into the fold, but I just can’t NOT find this hilarious. On the eve of his presidency, Donald Trump tells European leaders, by not telling them diddly-squat, that he doesn’t think they matter all that much. It’s not just that his vision of the EU, and its importance, is very different from theirs, he also remembers very well what many of them have said about him in the run-up to his election for the presidency.

British military tanks were secretly deployed through the Channel Tunnel this week in preparation for a war between Russia and Europe.  Five tanks were secretly loaded onto trains on Wednesday night to take part in a midnight training operation to prepare mainland Europe for World War 3. Rt.com reports: A Warrior armored fighting vehicle, a recovery variant of the Warrior, a Challenger 2 main battle tank (MBT), a recovery Challenger, and a reconnaissance vehicle were loaded onto a train at the military’s railhead in Wiltshire for the test journey.

Authored by Antonius Aquinas via Acting-Man.com,

No Country Can be Made Great by Devaluation

John Connally, President Nixon’s Secretary of the Treasury, once remarked to the consternation of Europe’s financial elites over America’s inflationary monetary policy, that the dollar “is our currency, but your problem.”  Times have certainly changed and it now appears that the dollar has become an American problem.

Billionaire investor George Soros spoke to Bloomberg TV in Davos, and said the euphoria among stock investors since the victory of President-elect Donald Trump will end as uncertainty takes over.

Talking his book, Soros said that "uncertainty is at a peak and actually uncertainty is the enemy of long-term investment," The chairman of Soros Fund Management added "I don’t think the markets are going to do very well. Right now they’re still celebrating but when reality comes it will prevail."

"When reality comes, it will hurt markets" he warned.