Multiple Russian state media outlets are reporting that President Vladimir Putin has stressed that Russia has a right to respond to US military build-up in Europe while furthering its strategic nuclear deterrence capabilities in a speech delivered before a Defense Ministry meeting on Friday in the city of Balashikha outside of Moscow.
The latest confirmation that the US consumer is now effectively tapped out came moments ago when the Dept of Commerce reported that in November, Personal Income rose by a lower than expected 0.3% (exp. 0.4%), while US consumers continued to splurge at an accelerated rate, with personal spending rising 0.6%, above the 0.5% expected, as Americans decided to splurge on holiday products and services.
A way of visualizing the historical change in income, spending - and savings - is the next chart below:
Spanish stocks and the euro fell, while Spanish government bond yields hit their highest levels in over a month after Catalan secessionists delivered an unexpected blow to the government of Spanish PM Rajoy by winning the Catalan regional election. Meanwhile across the Atlantic, U.S. equity futures and the dollar rose on the last trading session before the Christmas holiday. The MSCI index of world stocks was flat.
Though at first glance it sounds straight out of The Onion, Nikki Haley has formally invited the 64 countries who either voted 'against' or abstained (or just didn't show up) for Thursday's UN General Assembly vote on the Jerusalem resolution to a "friendship" party.
Authored by Andrew Korybko via Oriental Review,
The last section of the new US National Security Strategy (NSS) describes the envisaged application of the Trump Doctrine in a regional context all across the world, and it’s worthwhile to examine what storylines will most likely be advanced by the policy document’s intrinsic infowar component. This analysis is divided according to the geographic categories contained in the NSS and proceeds along that order, after which a brief summary will be presented in highlighting the most discernable global trends.