United States

Submitted by Michael Snyder via The Economic Collapse blog,

Authored by Oaktree Capital's Howard Marks,

In August, I mentioned that I had chosen the title “Political Reality” for my memo in part because of my liking for oxymorons.  I classed that title with other internally contradictory statements, such as “jumbo shrimp” and “common sense.”  Now I’m going to discuss one more: “expert opinion.”

In two separate, and quite striking, interviews with Germany's Bild (paywall) and London's Sunday Times (paywall), Donald Trump did what he failed to do in his first US press conference, and covered an extensive amount of policy and strategy, much of which however will likely please neither the pundits, nor the markets.

While currency and fixed-income traders are having second thoughts about the extent of the Trump reflation trade just days before the inauguration of the 45th U.S. president as Bloomberg's Vincent Cignarella writes, most readily observed in the recent 50% drop in 10Y real yields, which have slid from 0.74% in mid-December to just 0.38% in the past month, it is still far too early to call the time of death on the Trump rally.

Udo Ulfkotte: “German Politicians Are US Puppets”

http://www.globalresearch.ca/german-politicians-are-us-puppets-german-journalists-are-urged-to-bias-their-writings-in-favor-of-the-us/5412731

Udo Ulfkotte: Mainstream Media Is A CIA Operation