E-mini futures are modestly in the green this morning, though net of fair value the S&P index is poised for another record high open as the FOMC begins its last meeting for 2017 in which it is expected to raise rates by 25bps. European stocks gain while Asian equities slide led by weakness in Chinese airplane stocks.
Authored by Tom Luongo,
Last week, Venezuela announced it would develop a national cryptocurrency backed by its oil reserves, the Petro. Now there is a report that Russia is considering the same thing. Iran will likely follow suit.
As of right now this is just a rumor, but it makes some sense. So, let’s treat this rumor as fact for the sake of argument and see where it leads us.
Authored by Andrew Korybko via Oriental Review,
Russia has every right to withdraw most of its Aerospace Forces from Syria following Daesh’s defeat, with one of the most immediate consequences of this move being that it will prompt President Assad into a “political compromise” with the “opposition”.
Authored by S.T.Karnick via Specator.org,
Freedom requires a sense of personal responsibility if it is to survive.
North Korea may have successfully bluffed its way into getting the US to stop holding massive army drills with South Korea's army.