United States

Gold Up 74% Since Last Market Peak 10 Years Ago

Global stocks hit new all time highs overnight, with US stock-index futures, Asian and European stocks all rising overnight after the Senate adopted a fiscal 2018 budget resolution, paving the way for Trump's $1.5 trillion in tax cuts, while news that "dove" Jay Powell may be the next Fed chair added to the risk-on sentiment.

Authored by Brian Cloughley via The Strategic Culture Foundation,

Nothing distracts like fear. And today, former DHS chief Elaine Duke invoked one of the most traumatic episodes in US history to remind complacent Americans that Al Qaeda and ISIS are still out there, plotting deadly terror attacks meant to kill as many American civilians as possible.

North Korea swiftly quashed hopes for a détente with the US and its regional allies earlier this week when a government spokesman said there would be no sit-down between US and North Korean diplomats at a non-proliferation conference in Moscow this week.

Now that the North – presumably taking its ques from President Donald Trump who earlier this month ridiculed Secretary of State Rex Tillerson’s attempts at backchanneling – has refused to participate in talks, tensions between the two nuclear-armed powers have escalated to absurd new heights.