United States

Following our discussion of the unprecedented bombing-fest that has been undertaken during President Obama's reign...

Seven years after being awarded the Nobel Peace Prize for his "extraordinary efforts to strengthen international diplomacy and cooperation between peoples," despite having been in office for less than one year and having pretty much no actual, tangible foreign diplomacy accomplishments at the time, President Obama will depart the White House having dropped 26,171 bombs on foreign countries around the world in 2016, 3,027 more than 2015.

On Fruday, while confirming that the meme of "Fake News" has officially gone too far, Goldman Sachs slammed the talk of a Great Rotation from bonds into stocks (yes, calling it fake news), and writing that "the political rotation occurring in Washington, D.C. will not be mirrored in financial portfolios: despite the sharp fall in bond values during the past six months and the prospect of further losses in 2017, Goldman expects minimal asset rotation away from debt and into equities for two reasons.

A Russian politician has come out in defence of democracy, arguing that the only person who undermined American democracy in recent years was President Obama and not Putin. In a series of tweets on Friday, the head of the State Duma Committee on Foreign Affairs, Alexei Pushkov, argued that U.S. democracy was undermined by the Obama administration and the media – not by a Russian hacking campaign. The Blaze reports: In a series of tweets late Friday, Russian Senator Alexey Pushkov criticized the U.S.

Submitted by Mike Shedlock  via MishTalk.com,

If there was ever any doubt who perpetual warmonger, Senator John McCain, wanted for US president, this headline explains: Russian cyberintrusions an ‘act of war’

Today, CNN writer Frida Ghitis repeats McCain’s claim with Putin’s ‘act of war’ against American democracy.

Along with most of his Wall Street peers, BofA's Chief Investment Strategist Michael Hartnett flipped his outlook on risk assets shortly after the election, turning from quietly bearish to vocally bullish and forecasting a substantial rise in US equities, and even more substantial bounce for Japanese, European and UK stocks as well as oil.

So far, Hartnett has been correct, and according to recent fund flows, much of the investing community agrees.