You are here

Europe

Dollar Suffers Worst Year Since 2003 (And The Future Looks Even Grimmer)

Dollar Suffers Worst Year Since 2003 (And The Future Looks Even Grimmer)

The US Dollar is down over 9% year-to-date against a broad basket of the world's fiat currencies, tumbled over 10% against gold, and has collapsed against Bitcoin; but, as Bloomberg's Garfield Reynolds warns, the dollar's worst year since 2003 is about to get "even grimmer" in 2018...

Via Bloomberg,

The one point of clarity coming out of Washington is that tax reform isn’t about to save the dollar where Fed rate hikes have failed.

 

BofA "Is So Bullish, It's Bearish": Expects "10% Or Greater Correction" For 2018

Just two weeks ago, Bank of America's Chief Investment Strategist Michael Hartnett came out with what was more or less the most apocalyptic big bank forecast for the coming year. In it, he predicted that the market would not only peak in the first half of 2018, and that there would be a flash crash "a la 1987/1994/1998" in just a few months.

Trump Planning "Private Spy Network" To Counter "Deep State Enemies"

Trump Planning "Private Spy Network" To Counter "Deep State Enemies"

It will come as a surprise to precisely no one that Trump has a 'slightly frayed' relationship with the intelligence community.  As you'll undoubtedly recall, Trump engaged in a protracted, public dispute with Obama's former CIA Chief John Brennan over his assessment of 'Russian meddling' in the 2016 election...

Pages