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:
Obama The War Criminal Butcherer of Women and Children
Paul Craig Roberts
There is no doubt that US President Barak Obama is a war criminal as are his military and intelligence officials and most of the House and Senate.
European and Asian shares, the dollar and crude all rose before President-elect Donald Trump’s first press conference since July at 11am on Wednesday, while S&P futures are little changed. Surging raw-materials stocks sent Asian stocks higher. Oil rebounds from the lowest level in a month.