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Global Stocks Roar To Record Highs As Tax Reform Is "Priced In" All Over Again

Global Stocks Roar To Record Highs As Tax Reform Is "Priced In" All Over Again

Global stocks and US equity futures roared upward to new record highs to start the second-to-last week of the year, boosted by optimism over a Republican agreement on the shape of U.S. tax cuts aimed at lifting growth; incidentally this is the 6th consecutive day that the "tax bill" has been priced in by the market, and according to cynics, 6th consecutive week and/or 6th month. Meanwhile, the dollar dropped and Treasuries headed lower.

There's Never Been A Worse Time For A European Investor To Buy US Treasuries

There's Never Been A Worse Time For A European Investor To Buy US Treasuries

Since the common currency's inception in 1999, the EUR-hedged yield 'offered' to European investors from investing in US Treasuries has never been worse...

As Bloomberg notes, for European investors using swaps to protect against currency swings, the benchmark 10-year U.S. yield fell Friday on a euro-hedged basis to around -60bps.

In other words, it costs European investors 60bps per year to 'own' 10Y Treasuries on a EUR-hedged basis.

Newsweek: “U.S. Government Planned False Flag Attacks to Start War”

Mainstream Media Admits that False Flags Are Real

Last month, Newsweek ran an article headlined (all caps in original Newsweek title):

U.S. GOVERNMENT PLANNED FALSE FLAG ATTACKS TO START WAR WITH SOVIET UNION, JFK DOCUMENTS SHOW

The article notes:

The U.S. government once wanted to plan false flag attacks with Soviet aircraft to justify war with the USSR or its allies, newly declassified documents surrounding the assassination of President John F. Kennedy show.

 

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Mike Pence Forced To Cancel Bethlehem Visit As Palestinian Christians Protest

Mike Pence Forced To Cancel Bethlehem Visit As Palestinian Christians Protest

This week a number of stories have come out highlighting the general perspective of Palestinian Christians in the context of President Trump's controversial recognition of Jerusalem as the capital of Israel. Some of these headlines include, "Nazareth cancels some Christmas festivities over Trump recognizing Jerusalem as Israel's capital" or "Mike Pence to face bitter reception from Palestinian Christians as he visits the Middle East" or further, "Palestinian Christians: Jerusalem is for the three religions".

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