United States

European shares dipped and U.S. equity-index futures (-0.3%) pointed to a lower open as traders questioned the stability of the Italian banking sector ahead of next weekend's referendum as well as the longevity of the Trumpflation rally, pressuring the dollar, sending the USDJPY sliding as low as 111.355 overnight, before rebounding over 112. That was the dollar's biggest fall against its Japanese rival since October 7 and against a basket of top world currencies it was the greenback's worst day since November.

Submitted by Gregory R. Copley via OilPrice.com,

US President-elect Donald J. Trump in many ways faces the most circumscribed strategic options of any modern U.S. President entering office. Not only has the global context changed — and will change rapidly even further — so also has the United States’ abilities, tools, and resources to assert itself on the world stage.

On November 15, Congress passed a resolution to impose a no-fly zone over Syria, which experts are warning will result in a U.S. war with Russia.  House Resolution 5732, otherwise known as the “Caesar Syria Civilian Protection Act,” means that America can now shoot down Russian warplanes operating in the region. Thefreehthoughtproject.com reports: Soon after the presidential election, key warmongers in Congress began formulating plans to make increased conflict a near certainty, complete with the kind of propaganda peddled before the Iraq attack.

It’s laudable that Trump wants to bring factories back to USA.  But how about virtual, monetary factories?  Moving financial institutions such as banks, insurers, brokerage houses, exchanges, and other institutions brings the most bang for the buck when it comes to revitalizing America’s economy.

As we explain in Splitting Pennies, even though money doesn't exist, it's the most important part of a healthy economy.

After 16 days in a row without a meaningful decline, Asia trading has opened with USDJPY dumping back from almost 114.00 to 111.50 - the biggest drop since July 29th. The USD Index is down most since Trump's win but for now the moves in equities (Japanese and US) are modest (but down)...

Yen is heavily bid as Asia trading opens

The biggest drop in USDJPY since July...

As the post-Trump surge in the dollar has seemingly stalled...

Japanese equities are getting hit...