United States

On Saturday morning, the Pentagon was eager to announce that China would return a U.S. Navy underwater drone after its military scooped up the submersible in the South China Sea late this week and sparked a row that drew in President-elect Donald Trump. As previously reported, Pentagon spokesman Peter Cook said that “through direct engagement with Chinese authorities, we have secured an understanding that the Chinese will return the UUV to the United States."

Leading up to the 2016 Presidential election, dozens of overconfident celebrities and political figures promised to flee to Canada if Trump emerged victorious (we noted them all here: "These Are The Celebrities Who Vowed To Leave America If Trump Wins").  Unfortunately, none of them have announced plans to follow through on those promises despite news from Canada's immigration officials that applications for political refugee status from Americans was up 5x YoY in November.

Submitted by Steve St.Angelo via The SRSrocco Report,

Submitted by Jake Weber via GarretGalland.com,

It took only nine days in office for President Obama to be nominated for the Nobel Peace Prize.

Less than nine months later, the Norwegian Nobel Committee followed through and awarded Obama the Nobel Prize for “his extraordinary efforts to strengthen international diplomacy.” That, despite the fact Obama had no significant diplomatic accomplishments.

While the majority of sellside analysts predict that the impact of Trump's fiscal stimulus policies will be largely beneficial for US inflation and economic growth, if only in the short-term, with a knock on reverse effect following shortly after...

... one prominent strategist disagrees.

According to a recent report from Gluskin Sheff's David Rosenberg, in which he lays out is "out-of-the-box" call for 2017, "Trump will accidentally engineer a return to the disinflation trade" in the coming year, well ahead of most expectations.