So to summarize - the former national security chief agrees to testify against the sitting president and The Dow drops 40pts...
China stocks were mixed with CHINEXT surging overnight but CSI300 ending at the lows (worst week in 2017)
Professor DiLorenzo Explains the Real Cause of the War of Northern Aggression
The Causes of the “Civil War” in the Words of Abraham Lincoln and Jefferson Davis
By Thomas DiLorenzo
November 30, 2017
https://www.lewrockwell.com/2017/11/thomas-dilorenzo/the-causes-of-the-civil-war-in-the-words-of-abraham-lincoln-and-jefferson-davis/
'Mystery' solved... maybe.
Bloomberg is reporting that excess liquidity within Greek banks - who leant it to their credit-risky peers at notably high rates - are responsible for the sudden, scary spike in EONIA over the last two days, according to two bankers with knowledge of the matter.
Authored by Steven Vannelli via Knowledge Leaders Capital blog,
In a US Dollar bull market with interest rates at zero, cash is rightfully dismissed as a non-asset class. But, when the US Dollar is in a bear cycle, things change, irrespective of what US interest rates are.
There are a handful of indicators we use to identify US Dollar bull and bear cycles.
Markets were thrown for a loop in the past 24 hours, with the Dow first soaring nearly 400 points on Thursday on expectations that tax reform was a done deal, when drama emerged just after the close when the Senate tax bill came this close to falling apart when the proposed "Trigger" was ruled as invalid, pushing a Thursday tax vote to this morning, and as of this moment the bill appears in limbo with the GOP scrambling to find ways to appease the sudden loud opposition among budget hawks. UBS economist Paul Donovan summarized it best this morning: