Paul Singer, founder and President of Elliot Management Corporation is known for being a skeptic of traditional market pundits. In his fourth quarter letter, he made several different predictions about the market. He acknowledged the highly unpredictable environment that we have highlighted before in our articles about Trump and the markets. The letter also contains a specific warning about the worsening situation in China.
The dollar rebounded from a key 200-DMA support level, strengthening against all major peers, pushing S&P futures higher as European shares rose, led by basic resources and real estate, while Asian stocks fall. Gold fell from its highest level since November as demand for some haven assets ebbed while global bonds declined. Oil dipped, pressured by a stronger dollar.
Submitted by Jeff Thomas via InternationalMan.com,
In 1944, the US had been the primary supplier for arms for the allies during World War II and, as such, exited the war with more wealth than any of the other nations that had entered the war earlier, draining their treasuries of money. Since payment was largely demanded in gold, the US held three-quarters of the world’s gold and therefore was in a position to call the shots with regard to the free world’s economic future.
Submitted by Alexander Mercouris of The Duran
In a telephone conversation, President Trump fails to give strong support to Ukrainian President Poroshenko, as other US officials also signal desire by US to put Ukraine crisis behind it in order to focus on detente with Russia and war against Jihadi terrorism and ISIS.
In a narrative more befitting of kindergarten, and certainly not grown adults (politicans are exempt), one day after from Trump warned he would defund California if the state passed a bill to make itself a de facto "sanctuary state", saying the state was "out of control", furious state leaders have responded that, drumroll, they are not "out of control."