Stocks are rapidly erasing yesterday's "making strides on taxes" gains as Trump's government shutdown threats remind investors just how fragile this whole facade is. The 'risk-off' trade is evident everywhere with Treasury and Bund yields tumbling, gold up, and USDJPY sliding.
Bond yields are tumbling - erasing all of yesterday's losses - Gold is back at yesterday's highs, and the dollar is leaking lower...
Trump's son-in-law and the White House "global peace" adviser, Jared Kushner, arrived in Cairo on Wednesday only to learn that his top-level meeting with Egyptian officials had apparently been cancelled, as Egypt lashed out at the Trump administration's decision to slash aid to the country.
Yesterday, the Trump administration slapped a new round of sanctions on Chinese and Russian entities accused of aiding the North Korean nuclear program.
Authored by Finian Cunningham via The Strategic Culture Foundation,
In the wake of violent protests involving white supremacists and Neo-Nazis in the US, the Pentagon’s top military brass issued unprecedented condemnations of «racists and extremists». One veterans spokesman said: «Anyone waving a Nazi flag must be rooted out of our society».
Authored by Federico Pieraccini via The Strategic Culture Foundation,
In every nation there are power conglomerates that determine and influence the domestic and foreign policy choices their nations. In the United States, it is important to highlight the concept known as American exceptionalism that accompanies these power centers, often called the deep state. According to this principle, the United States alone has been chosen by God to lead mankind.