Europe

As stocks do things they have never done before (in terms of gains and complacency), despite the "inexplicable" collapse in the yield curve (and slump in earnigs expectations), some, like former fund manager Richard Breslow, are growing frustrated with the farce.

2017 is on track to be the first 'perfect year' with 12 consecutive monthly total return gains for the S&P 500

But the yield curve is collapsing?

And so have earnings expectations...

Trump’s National Security Speech

Paul Craig Roberts

What do we make of Trump’s national security speech? First of all, it is the military/security complex’s speech, and it is inconsistent with Trump’s intention of normalizing relations with Russia.

Yesterday we joked that with the US House of Representatives set to vote for the GOP tax bill on Tuesday, markets would "price in" the same tax legislation they have been pricing in every day for the past year, all over again...

Get ready for US markets to price in tax reform all over again in just a few short hours

— zerohedge (@zerohedge) December 19, 2017

With two weeks to go before the implementation of the EU’s dreaded new regulatory overhaul, MiFID II has struck again...

Authored by Tom Luongo,

As she fights for her political life Soon-to-be-ex-Chancellor of Germany Angela Merkel will go down swinging against her stiffest political opponents in the European Union, the Poles.

Merkel and French President Emmanual Macron publicly agreed to back Article 7 proceedings against Poland for refusing to comply with EU immigration quotas and changes to its judicial system.