Europe

Over the weekend, Barron's published its annual roundtable in which prominent investors previewed what they expect out of 2017: "a year of seismic shifts for the markets and, quite possibly, the world. Or, as Goldman Sachs strategist Abby Joseph Cohen said at this year’s Barron’s Roundtable, “We are breaking a lot of trends.” As Barron's dubbed it, "this could be the year the movie runs backward: Inflation awakens. Bond yields reboot. Stocks stumble. Active management rules.

Submitted by Ryan McMaken via The Mises Institute,

From the perspective of the state, one of the benefits of growing larger geographically is that bigness makes it more difficult for residents to emigrate or cross over borders to escape taxes. 

While hardly coming as much of a a surprise following the weekend's news that Theresa May would call for a "clean and hard Brexit", confirmation received moments ago from both the Telegraph, FT and Bloomberg that on Tuesday May will indeed declare that Britain is making a "clean break" from the EU and will not seek a deal that leaves the country “half in and half out”, has send the sterling lower by some 25 pips, because even though the news is not incremental, as Bloomberg notes quoting a trader, "Algos Trade Off Keyword Flagged in Speech."

It appears the US Democratic party and Clinton campaign are not alone when it comes to problems preserving highly sensitive information. According to the Globe and Mail, Canada's Vice-Admiral Mark Norman has been relieved of his duties as the Canadian military's second-highest-ranking officer over alleged leaks of highly classified information.

Vice-Admiral Mark Norman, commander of the Royal Canadian Navy, Rear Admiral Dave Gardam, Rear Admiral John Newton, and Lt.-Gen Stuart Beare, left to right

Just one week after thousands of US troops arrived in Poland to "support NATO's Anti-Russian buildup" across Eastern Europe, 300 U.S. Marines from Camp Lejeune landed in Norway on Monday for a six-month deployment, marking the first time since World War II that foreign troops have been allowed to be stationed there, in a deployment breaking with decades of tradition by Norway not to host foreign forces, and angering Norway's Arctic neighbor Russia, according to Reuters.

A 747 carrying 300 Marines arrived on Monday. Photo: Ned Alley / NTB scanpix