Aside from the previously noted FX fireworks early in the illiquid Asian session, which saw the US Dollar "flash crash" briefly against most pairs, including the Euro and the Swiss Franc...
Authored by Paul Craig Roberts,
The English language Russian news agency, Sputnik, reports that former US Secretary of State Henry Kissinger is advising US president-elect Donald Trump how to “bring the United States and Russia closer together to offset China’s military buildup.”
If we take this report at face value, it tells us that Kissinger, an old cold warrior, is working to use Trump’s commitment to better relations with Russia in order to separate Russia from its strategic alliance with China.
Coming at an awkward time, just as the US accused Russia of doing (once again, without a shred of valid proof as opposed to a report which the DHS was quick to disown) what the CIA has done to other nations for decades, earlier today everyone's favorite volatile, vulgar and outspoken Philippine President Rodrigo Duterte derided U.S. ambassadors as "spies", responding to a media report of an alleged American plot to destabilize his government, a job he said some envoys were appointed solely to do.
This article by David Haggithwas first published on the Great Recession Blog:
President Obama’s UN declaration that Israeli settlements are illegal says this duck isn’t lame. It was not the finale of Obama’s closing months as president but the prologue to years ahead, pushing his legacy to where it can be carried out at the UN. Congressional leaders say Obama is already plotting further action on Israel before he leaves office, according to the Washington Free Beacon.
As part of the "evidence" meant to substantiate the unprecedented act of expelling 35 Russian diplomats and locking down two Russian compounds without a major concurrent political or diplomatic incident, or an act of war, and which simply provides an outlets for the Democrats to justify the loss of their candidate in the US presidential election (sorry, Putin did not tell the rust belt how to vote), the Department of Homeland Security and the FBI released a 13-page "report" on the Russian action done "to compromise and exploit networks and endpoints associated with the U.S.