Authored by Simon Black via SovereignMan.com,
Last night a good friend of mine came over for dinner.
He’s originally from Poland, and growing up there he heard a lot of bizarre stories about what it was like during the Nazi invasion and World War II.
In 1939, even as 1.5 million German soldiers prepared to invade, the general mood in Poland couldn’t have been more carefree.
Authored by Tsvetana Paraskova via OilPrice.com,
The proposed border adjustment tax has been dividing U.S. lawmakers. It is also dividing companies into those who support it and those who do not, as the simplified theory of the proposal – tax imports and exempt export revenue from taxable income – is expected to create clear-cut winners and losers among U.S. businesses.
The last time the Russian Cold War-era spy ship Viktor Leonov (SSV-175), was spotted off the US East Coast on what was its first Atlantic mission since President Trump was elected, was exactly one month ago, when it was located just 30 miles from Groton, Connecticut. Grotton is also known as the "home of the submarine force" and is the primary east coast submarine base for the US.
While it is now virtually assured (odds are 95% according to the CME) that the Fed will announce a 25 bps rate hike today following an unprecedented attempt to reprice the Fed Funds market over the past month by Fed speakers - recall that as recently as three weeks ago, nobody expected a March move by the FOMC - what traders and analysts will be focused on today are hints for the future of the Fed's rate hike moves.
It is fitting that just a few hours until the Fed's second rate hike in two quarters, and one day after Goldman downgraded global stocks to Neutral for the next 3 months, not to mention with the results of the anticipated Dutch election due shortly, that global stocks as well as S&P futures are higher, while crude oil has finally managed to stage a rebound as the Dollar DXY index is fractionally in the red.