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Authored by Peter Koenig via The Saker blog, The other day I was in a shopping mall looking for an ATM to get some cash. There was no ATM. A week ago, there was still a branch office of a local bank – no more, gone. A Starbucks will replace the space left empty by […]
Authored by Valentin Schmid via The Epoch Times, Seven was the line in the sand. But the Chinese yuan never crossed that line vis-à-vis the U.S. dollar. It only crept up to 6.96 yuan per dollar on Dec. 16, 2016, before starting an impressive comeback, down to 6.5 in the middle of this year. Last […]
Just a few short days after Chinese regulators gave the greenlight to petro-yuan futures trading, signaling an escalation in the war against dollar hegemony, President Trump is reportedly set to accuse China of "economic aggression" in efforts to "undermine international order" during his national security strategy speech on Monday. The last week has more intriguing […]
Some GOP Senators Press for Late Changes in Tax Bill (WSJ) Here’s Where the GOP Tax Plan Stands Right Now (BBG) Harvard Endowment Chief Pushed for Steeper Devaluation of Assets (WSJ) Net neutrality repeal gives Democrats fresh way to reach millennials (Reuters) With Fox Deal, Disney Adds Hulu to Its Digital Kingdom (WSJ) Treasury Yields […]
First it was the Chinese, now it’s the Europeans, as the rest of the world is suddenly very unhappy with the prospect of US tax reform (or maybe it is an unexpectedly strong US economy). As we discussed yesterday, with the historic Trump tax reforms on the verge of passage and the Fed’s dot plot […]
The optimism on world trade didn’t last very long. It was only late September when the WTO issued a “strong upward revision” to their estimate for 2017 world trade. WTO economists raised their forecast to 3.6% from 2.4%, which was at the top end of the previous 1.8-3.6% range. This marked a sharp acceleration from […]
Authored by Michael Hudson via Counterpunch.org, In theory, the global financial system is supposed to help every country gain. Mainstream teaching of international finance, trade and “foreign aid” (defined simply as any government credit) depicts an almost utopian system uplifting all countries, not stripping their assets and imposing austerity. The reality since World War I […]
At the start of the year, one of the often repeated risk factors was that a trade war between China and the US could break out due to Trump’s hardline stance on the US trade deficit with Beijing. Since then, such fears have largely faded as the status quo re-established itself, and trade between the […]
Content originally published at iBankCoin.com A lawyer for former DNC IT staffer Imran Awan is scrambling to block evidence found on a hidden laptop which may contain proof of a massive spy ring operating at the highest levels of Congress, in what may be the largest breach of National Security in U.S. history. Awan, a Pakistani national, worked […]
The thinking behind Kim Jong Un’s ‘madness’ (Reuters); U.S. warns North Korean leadership will be ‘utterly destroyed’ in case of war (Reuters) Senate tax drama enters complicated end-game gambit (Reuters) Corporate Tax Rate in Flux as Senate Prepares to Vote (WSJ) The Senate Tax Bill Has Something for Every Republican to Hate (BBG) Bitcoin Mania: […]
The US has filed a legal submission to the WTO as a third party, intervening in a case that China has brought against the European Union. The US rejects China’s argument that under the 2001 agreement, which confirmed China’s WTO status, it would should automatically be considered a “market economy” fifteen years after joining. The […]
The US has filed a legal submission to the WTO as a third party, intervening in a case that China has brought against the European Union. The US rejects China’s argument that under the 2001 agreement, which confirmed China’s WTO status, it would should automatically be considered a “market economy” fifteen years after joining. The […]
Content originally published at iBankCoin.com A lawyer for former DNC IT staffer Imran Awan is scrambling to block evidence found on a hidden laptop which may contain proof of a massive spy ring operating at the highest levels of Congress, in what may be the largest breach of National Security in U.S. history. Awan, a Pakistani national, worked […]
North Korea Missile Launch Shows Ability to Reach D.C. (WSJ) Senate Republicans shove tax bill ahead as Democrats fume (Reuters) British negotiators still working on Brexit deal: Treasury minister (Reuters) Trump Retweets Anti-Muslim Videos From Far-Right U.K. Group (BBG) Bitcoin Futures Provoke Pushback From Market Cops (BBG) Saudis Free Detainees in Sign of Resolutions in […]
When he was named special counsel in May, Robert S. Mueller III was hailed as the ideal lawman – deeply experienced, strait-laced and nonpartisan – to investigate whether President Trump’s campaign had helped with Russian meddling in the 2016 presidential election. But, in a surprisingly 'fair and balanced' LA Times story, David Willman exposes the […]