European stocks rebounded after a downbeat start, aided by a return to the post-Euro open momentum ignition in the USDJPY while Asian stocks rose after China shares surged 1.5%, the most since August. For now S&P futures are fractionally in the red, although we expect them to turn progressively higher as US traders get to their desks to frontrun the now traditional "post open" ramp.
Authored by Giulio Meotti via The Gatestone Institute,
As part of its daily wrap of the Susan Rice newsflow, which focused on her first media appearance since she was "outed" as the persona responsible for "unmasking" members of team Trump, the WSJ provides two new pieces of incremental information: i) in addition to Michael Flynn, at least one more member of the Trump transition team was "unmasked" in intelligence reports due to multiple foreign conversations that weren't related to Russia; and ii) Rice wasn't the administration official who instigated Mr.
As discussed earlier, Jamie Dimon's annual letter this year was a departure from his usual optimistic sermons about the state of nation, dedicating an entire section in the 45 page letter to describe that "something is wrong" with the US. And of all the items mentions, the following aspect of the US economy is what was most troubling to the JPM CEO. Not surprisingly, it deals with two of the biggest threats facing the US currently: demographics and labor, and shows the at least in one key economic metric, the US is now the worst among the entire universe of developed countries.
Authored by Michael Snyder via The Economic Collapse blog,
In 2008, subprime mortgages almost single-handedly took down the entire financial system, and now a new subprime crisis is here.