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Mysterious Gold Dealer's Testimony Puts Erdogan On Shaky Ground

Mysterious Gold Dealer's Testimony Puts Erdogan On Shaky Ground

Authored by M K Bhadrakumar via The Asia Times,

As on the soccer field in his youth, so in a tumultuous political career spanning four decades: Turkey’s president Recep Tayyip Erdogan has consistently shown his mettle as a fighter who won’t be satisfied with anything short of total victory

But in the battle that is now unfolding around him, and which is besieging him, there isn’t going to be a winner.

Trump May Recognize Jerusalem As Israel's Capital Next Week

Trump May Recognize Jerusalem As Israel's Capital Next Week

Submitted by South Front

On Friday a senior US official told Reuters that US President Donald Trump may deliver a speech next Wednesday recognizing Jerusalem as Israel’s capital.

Some Middle East experts speculate that such a move will be a major blow to the US relations with Arab countries and the Israeli-Palestinian peace process. No US president or any western leader have ever recognized Israel’s control over all of Jerusalem.

Are Markets Too Optimistic About Global Growth? (Spoiler Alert, Yes!)

Are Markets Too Optimistic About Global Growth? (Spoiler Alert, Yes!)

Authored by Saxo Bank's Head of Macro Strategy, Dembik Christopher, via TradingFloor.com,

  • We expect softer-than-consensus 2018 growth
  • Lowflation structural, not transitory
  • Housing bubbles remain a concern (Bitcoin not so much)

The year 2018 starts with four main questions:

  1. Is economic growth on a solid footing?
  2. Will inflation ever come back?
  3. Should we fear higher bond yields?
  4. What could go wrong?

Is economic growth on a solid footing?

In Major Victory For Trump, Senate Passes "Sweeping" Tax Bill Which Nobody Read: Here's What's In It

In Major Victory For Trump, Senate Passes "Sweeping" Tax Bill Which Nobody Read: Here's What's In It

Shortly before 2am on Saturday, the Senate passed "the most sweeping rewrite of the U.S. tax code in three decades, slashing the corporate tax rate and providing temporary tax-rate cuts for most Americans" handing Republicans a badly needed legislative and political victory. Senators voted across party lines in a 51-49 vote, ending days of debate and "hand wringing" as leadership worked frantically behind the scenes to win over holdouts and get the proposal in line with the chamber’s rules.

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