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Central Banker Sees "Scary" 2017

Barron's Asia: When you look ahead to 2017, what keeps you awake at night?

 

Amando Tetangco: Short term, the Fed rate hikes -- the timing and the magnitude. Of course, this would be related to the policies that the new U.S. administration will adopt. Medium-to-long term, the retreat from multi-lateralism. That is related to the performance of the global economy - the major and various economies, and emerging markets like China.

 

Chinese Navy Seizes US Underwater Drone In South China Sea

The Pentagon has demanded that China return an “unlawfully seized” underwater drone after a Chinese warship took the device from waters near a US oceanographic vessel. A Pentagon spokesman said: ‘It is ours. It’s clearly marked as ours. We would like it back, and we would like this not to happen again’, says Pentagon spokesman The Chinese warship seized the American Navy underwater drone collecting unclassified data in international waters in the South China Sea.

If Trump Wants to Root Out Pentagon Corruption, He Could Start With Nuclear Weapons

Via The Daily Bell  

 

Trump Floats Ban on Defense Firms Hiring Military Procurement Officials … US President-elect Donald Trump on Friday said he was considering imposing a lifetime ban on US military procurement officials going to work for defense contractors, a move that could dramatically reshape the defense industry. -Reuters

FBI Said To Back CIA Assessment That Russia Intervened To Help Trump Win

Either the WaPo has pulled off another "fake news" stunt, or Obama may be this close from declaring "cyber war" on Putin.

Moments ago, the Jeff Bezos newspaper, whose main mission over the past month has been to pin Clinton's presidential failure first on Russia and then on Vladimir Putin, reported that FBI Director James B. Comey and Director of National Intelligence James R. Clapper Jr. have backed a CIA assessment that Russia intervened in the 2016 election in part to help Donald Trump win the presidency, "according to U.S. officials."

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