Submitted by Gail Tverberg via Our Finite World blog,
Some people would argue that 2016 was the year that the world economy started to come apart, with the passage of Brexit and the election of Donald Trump. Whether or not the “coming apart” process started in 2016, in my opinion we are going to see many more steps in this direction in 2017. Let me explain a few of the things I see.
Today in the dollar...
It's not the economy, stupid...
It's Trump!
Biotechs/Pharma was slapped lower...ending the record win streak...
Submitted by Jennifer Thomson via Gavekal Capital blog,
Recently, we have highlighted a number of divergent trends between ‘soft’ data and ‘hard’ data in both Europe and the US. For the most part, improving survey responses remain unconfirmed by the quantifiable information currently available. The surge in the economic policy uncertainty index is no exception.
While we learned earlier that John McCain was responsible for handing over the 35-page "dossier" of compromising, if arguably fake, revelations about Trump's connections to Russia over to the FBI, the identity of the actual creator, who was said to be an ex-British intelligence service, remained a mystery.
No longer.
Ahead of next week's Davos meetings organized by the World Economic Forum, in which the world's top politicians, financers, and celebrities will mingle, today the WEF released its annual report on what it believes are the top global risks for 2017.
For those who would prefered to just focus on the charts, please skip this part. For the rest, and especially those pressed for time, and unable to read the 78 page report, here is the exeutive summary: