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Memo to Larry Summers: It’s Secular Saturation (Not Stagnation)
Written by Peter Diekmeyer (CLICK HERE FOR ORIGINAL)
Russia has accused the US government of allowing ISIS militants to steal oil in Syria in order to earn hundreds of millions of dollars. Russian Defense Ministry spokesman Major General Igor Konashenkov warned that the US-led international coalition deliberately avoided bombing oil production facilities run by ISIS due to the fact that the US had a vested interest in the illegal oil sales.
On the last day of calendar 2016, total US public debt jumped by $98 billion, mostly as a result of end of quarter Social Security debt allocation, which accounted for $70.4 billion of the daily increase. As a result, total US government debt on December 30, 2016 was $19,976,826,951,047.80.
WikiLeaks is offering a $20,000 reward to anyone who exposes the destruction of "significant records" by a member of the Obama administration. In a tweet on Tuesday evening, Wikileaks said “We are issuing a US$20,000 reward for information leading to the arrest or exposure of any Obama admin agent destroying significant records,” however, it has not explicitly alleged that the administration is suspected of inappropriately eradicating material.
Following another day of upbeat economic data, with growing signs that inflation on both sides of the Atlantic is accelerating, investors rediscovered their faith in the Trumpflation rally, pushing global stocks and US equity futures higher, fuelling a second day of 2017 equity gains ahead of today's release of the Fed's December minutes.