In the latest Sunday start from Morgan Stanley, the bank's co-head of economics, Elga Bartsch looks at - what else - the eerie, record calm gripping capital markets despite the daily bombardment, so to speak, of deteriorating geopolitical news, US and European political upheaval, deteriorating economic data, and confusion about China's credit impulse.
Authored by Paul Criag Roberts,
“Fifty years ago, the streets of Leningrad taught me one thing: If a fight is inevitable, you must strike first.” Vladimir Putin
In George Orwell’s 1949 dystopian novel, 1984, information that no longer is consistent with Big Brother’s explanations is chucked down the Memory Hole. In the real American dystopia in which we currently live, the information is never reported at all.
Authored by Brian Cloughley via The Strategic Culture Foundation,
In an apparent snub to the administration's trade policy plans, GE CEO Jeff Immelt - who sits on the Trump-appointed manufacturing council - said he "very supportive" of NAFTA adding that he was "optimistic about Mexico."
Just a day after we showed Mexico's Manufacturing industrial production surge 8.5% year-over-year - the greatest surge since August 2010...
On the eve of a summit in Beijing, and just hours after Pyongyang's chief nuclear negotiator said North Korea is ready to hold talks with the United States "if the conditions are mature", South Korea's Yonhap reports that North Korea has fired a projectile believed to be a ballistic missile, from a region named Kusong located northwest of Pyongyang, where the North previously test-launched its intermediate-range missile.
The nature of the projectile was not immediately clear, a South Korean military official told Reuters.