Authored by Carl Bildt, originally posted at Project Syndicate,
In August 2015, I tweeted that if Donald Trump were to be elected President of the United States, we would have to “head for the bunkers.”
A Trump presidency was considered highly unlikely back then; but here we are. And while heading for the bunkers might not be the most appropriate response (yet), where we are is undoubtedly a more dangerous world.
The Great Rotation continued for one more week today with global equity funds receiving $21 billion in inflows in the past week according to Bank of America, the ninth-biggest inflow ever, as investors rushed into 'Trump trade', while money flowed out of bonds for seventh week in a row. The EPFR-based report showed overall equity inflows of $63 billion since Donald Trump's U.S. presidential election win on Nov. 8, offsetting somewhat the $151 billion in outflows observed from January to October.
Quad-witching Friday has arrived, which means that alongside thin, pre-holiday liquidity and a jumpy market, we expect to see sharp, volatile moves for the rest of the day, the first of which was just noted in Europe, where stocks moved from session lows to highs in the span of minutes, in the process sending the Euro Stoxx 50 index 0.8% higher and turning it positive on the year as it reached its highest level since December 2015. The broader Stoxx 600 remains still down 1.8% on the year.
Submitted by Peter Certo via OtherWords.org,
Even in an election year as shot through with conspiracy theories as this one, it would have been hard to imagine a bigger bombshell than Russia intervening to help Donald Trump. But that’s exactly what the CIA believes happened, or so unnamed “officials brief on the matter” told the Washington Post.
Submitted by Finian Cunningham via Strategic-Culture.org,
The US and its terrorist-sponsoring partners are seeing their criminal regime-change project in ruins, as the Syrian army and its allies win a spectacular victory to retake the strategically important city of Aleppo.
Western governments and their flunkies at the UN are cynically, perversely decrying a «meltdown of humanity».