United States

One of the biggest open questions troubling Wall Street traders (and everyone else) in addition to which of his close allies (and in the case of Mitt Romney, not so close) will the president-elect pick to staff the most important political posts in the new administration, is what are the details of Donald Trump's economic plan, especially as it involves the Fed, Trade, and the future of US national debt.

Robert Kagan avoids the obvious in his description of the presidential campaign:

Internationalists such as Jeb Bush and Marco Rubio went nowhere this year; Bernie Sanders joined Mr Trump in attacking global involvement; and Hillary Clinton was hit from all sides for being too internationalist and too wedded to the idea of the US as the “indispensable nation”, the Bill Clinton phrase that encapsulated the thinking of every president from Harry Truman to George W Bush.

With the Trumpflation euphoria easing back slightly overnight, leading to a modest paring in the USD index and US Treasury yields, Asian and European stocks rose, while US equity futures rebounded to just shy of new all time highs, as crude jumped on renewed optimism that OPEC will agree to cut output; Italian equities underperformed ahead of the Italian referendum; metals rebounded from last week’s losses as yields dropped and the dollar halted its longest winning streak versus the euro.

Submitted by a reader of Zero Hedge, living in Norway, who wishes to remain anonymous

President Trump: :An American Perspective from Living in Norway, by Anonymous

Background – Moving and Living in Norway.

According to Hillary, I am a “deplorable.” I would like to share my story how this came about and what this election meant to me.

More evidence of cooperation between the US and ISIS has been uncovered in Iraq after local militia uncovered Islamic State documents near Mosul that instruct jihadists not to attack US coalition aircraft in Mosul or the surrounding area. During US election season, WikiLeaks confirmed what many already suspected, that the US government, or at least certain members of it, were implicitly aiding the Islamic State – with Hillary Clinton even accepting millions from the very same governments who fund the jihadist group.