For those following the progression, and most recently - unwind - of the Trump reflation narrative, below are some critical observations from Charlie McElligott, head of cross-asset strategy at RBC.
Big Picture: Narrative Reset
Submitted by Simon Black via SovereignMan.com,
Every year around this time the US federal government releases an annual financial report to the public.
It would be hilarious if the numbers weren’t actually true.
Just like Apple or Exxon, the government’s annual report contains several important financial statements and detailed commentary about their finances and operations.
But unlike Apple, Exxon, the government can’t manage to turn a profit. Ever.
The federal judge who halted President Donald Trump's travel ban was wrong in stating that no one from the seven countries targeted in Trump's order has been arrested for extremism in the United States since the 2001 terrorist attacks.
As AP reports,
Just last October, an Iraqi refugee living in Texas pleaded guilty to attempting to provide support to the Islamic State group, accused of taking tactical training and wanting to blow himself up in an act of martyrdom.
As part of continued a NATO build-up and US efforts to counter an alleged Russian threat, US military hardware, including M1A2 Abrams battle tanks and Bradley infantry fighting vehicles have arrived in the northern Estonian town of Tapa, shortly after similar deployments were made to other Eastern European nations including Poland, Bulgaria, Romania and Germany.
Submitted by Suhasini Haidar via TheHindu.com,
Economist-mathematician Nassim Nicholas Taleb contends that there is a global riot against pseudo-experts