Europe

Authored by James Howard Kunstler via Kunstler.com,

The hidden agenda in the so-called tax reform bill is to act as stop-gap quantitative easing to plug the “liquidity” hole that is opening up as the Federal Reserve (America’s central bank) makes a few gestures to winding down its balance sheet and “normalizing” interest rates. Thus, the aim of the tax bill is to prop up capital markets, and the apprehension of this lately is what keeps stocks making daily record highs. Okay, sorry, a lot to unpack there.

Avoiding Nuclear War Is Our First Priority

Paul Craig Roberts

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Michel Chossudovsky, a distinguished professor in Canada, directs the Centre for Research on Globalization and the website Global Research, a font of important information unavailable from the presstitute Western media. In this article he tells us that if we do not focus on peace instead of war, we are all going to die: https://www.globalresearch.ca/what-you-need-to-know-about-north-korea-and-the-dangers-of-nuclear-war/5615328

The only thing that truly trends is humans extrapolating their rates of return emotionally. Everything else will regress to the mean at some point.  

As we jokingly mocked the sterling-trading algos yesterday ahead of today's "big" Phase 1 Brexit announcement, the market had gotten too far ahead of itself in its exuberance that today's announcement was the final Brexit catalyst, when in reality it only sets the stage for the far more complex, trade-focused Phase II. As a result, and as we expected, GBP/USD had dropped 0.2% following a "sell the news" reversal which sent cable to multi-month highs. It then dropped even more, sliding 0.4% to 1.3420 after EU officials said it's not realistic to expect a trade deal with the U.K.

Gold demand increases along with uncertainty thanks to Trump, Brexit and North Korea