Considering that in the past 3 months the only daily topic of relevance for the media has been "Donald Trump" both in the US and abroad, one would assume that when it comes to global policy uncertainty the primary source would be, record S&P 500 paradoxically notwithstanding, the United States.
Submitted by Jeff Thomas via InternationalMan.com,
In March 1933, the Enabling Act was passed by the Reichstag, Germany’s parliament. Its purpose was to provide Chancellor Adolf Hitler with the ability to bypass the Reichstag. It allowed him (amongst other measures) emergency powers to legally wage pre-emptive war without any further parliamentary or presidential approval, or even discussion.
In January 2017, H.J. Res 10 was introduced to the US House of Representatives. Its intent was simple and straightforward:
Two years ago, when Saudi Arabia launched on an unprecedented campaign to crush high-cost oil producers, in the process effectively putting an end to the OPEC cartel (at least until last year's attempt to cut production), it made a bold bet that US shale producers would be swept under when the price of oil tumbled, leading to a tsunami of bankruptcies, as well as investment and production halts.
As the wild bee population declines, the importance of pollination becomes evident, threatening to disrupt crop production and the food economy. The first-ever study to map U.S. wild bees suggests they are disappearing in the country’s most important farmlands. From California’s Central Valley to the Midwest’s corn belt and the Mississippi River valley, the wild bee is disappearing, leading to increased pollination demand among crops, the majority of which either benefit from or require bees as pollinators.
Trump Is Playing You
Note: Soren K is a group of 4 writers to whom I contribute on commodity market posts-Vince Lanci
Written by Soren K and MarketSlant.