After Russia announced on Wednesday that North Korea's latest intercontinental ballistic missile (ICBM) launch constituted a "provocative act" while also calling on all sides to "stay calm", major Russian military maneuvers have been reported today along Russia's tiny stretch of border with North Korea.
According to an alarming report detailing the new Russian military build-up in Newsweek:
Authored by Ryan McMaken via The Mises Institute,
The tax "reform" currently being discussed in Washington is mostly a political exercise for politicians who can use the process to extract more campaign contributions from supporters, and punish non-supporters. The actual tax burden imposed on Americans overall will change little.
A new study from the New England Journal of Medicine indicates the current obesity epidemic trends in the United States are much worse than thought. The study was published on Wednesday and already has demographers, government officials, and scientist alarmed. The sobering report finds 57.3% of the nation’s children and teens will be obese by the age of 35 if the model continues.
America’s empire is now cracking under the weight of the millennial and the homeland generations’ poor eating habits.
At the start of the year, one of the often repeated risk factors was that a trade war between China and the US could break out due to Trump's hardline stance on the US trade deficit with Beijing. Since then, such fears have largely faded as the status quo re-established itself, and trade between the two nations has proceeded largely unchanged. However, one year later, dark clouds may finally be gathering.
Both WTI and RBOB prices are tumbling this morning after OPEC member agree to limit oil output through the end of 2018. While this is bullishly longer-than-expected (6-9mo was expected), OPEC members now rely on Russia to agree to these terms, and it appears the market is questioning that. Furthermore, despite US shale output at record highs, Saudi officials are shrugging off any impact.