Italian government bond risk is at its highest since before the Referendum as the constitutional court modifications push Europe's troubled country closer to early elections (and the potential for 'Italeave').
Things sure are changing in the White House press corps. According to a video posted on Wednesday, radio show host Alex Jones’s website Infowars, which has been accused of being "conspiracy theory and alt-right" by much of the established media, has been offered White House press credentials.
By EconMatters
The real problem for Caterpillar is that China is no longer going to build a new city every month, the commodity super cycles are over for a long time given the global debt overhang, and don`t expect Trump Infrastructure Projects to save the day for CAT, as the United States has its own debt problems to worry about which is unsustainable even at these levels.
Trump's Mexican border wall from improbable is rapidly becoming imminent. First, it was Paul Ryan telling Greta Van Susteren that he is prepared to pay $8-$14 billion for Trump's "massive wall"...
Paul Ryan tells @greta “we're going to pay for” Trump's wall, confirms est. cost $8-14 billion; says lot of ways to get Mexico to contribute pic.twitter.com/c5URBViwpE
— Bradd Jaffy (@BraddJaffy) January 26, 2017
With Theresa May - preparing to enact Article 50 officially starting the Brexit process from the EU - set to meet Trump tomorrow as the new US president's first meeting with an international leader to lay the groundwork for a U.S.-U.K. trade deal, the outcome will provide the first test for how world leaders can deal with Donald Trump, who has put the world on edge with his recent push for isolationism and trade protectionism, culminating most recently with his tweet that Mexico's president needn't bother visiting if Mexico will not pay for the wall along the Mexican-US border.