Snow......
Let It snow.....
Light snow in my neck of the woods so far !
Markets.....
Credit Bubble Bulletin: Weekly Commentary: Just the Facts http://creditbubblebulletin.blogspot.com/2017/01/weekly-commentary-just-facts.html?spref=tw …
Always enlightening Weekly missive from Doug Noland.
Good morning from Berlin. Global stocks gained $1,11trn in mkt cap in 1st trading week 2017 equal to Mexico GDP as reflation trade continues
#China bleeding continues: FX reserves fell by another $41bn in Dec but holdings remained above critical $3trn level http://bloom.bg/2i0tx9Q
Global bond mkts have lost $259bn in value this week as fresh research piece from Havard sees biggest bond market bubble in 800 year history
Bitcoin crackdown coming to China , it would appear....
PBOC Says Volatility in Bitcoin Prices ‘Abnormal’: China Daily
She's starting to get angry about this Dow 20k thing
Dow comes within a whisker of hitting 20,000; S&P, Nasdaq close at all-time highs as tech pops. http://cnb.cx/2i0mPEc
Iraq- Turkey Understandings Reached Today....
Both 
Ankara and Baghdad reiterate that #Bashiq is a military base belonging to Iraq.
Baghdad has asked Ankara to begin withdrawing from 
Both countries agree to enhance economic trade relations, and #Turkey will assist in reconstruction of properties destroyed in terrorism.
Joint work between 
Turkey congratulates the Iraqi army for its success in 
Both countries reach agreement to not permit any terror group threaten the interests of one another.
#Baghdad and Ankara will further cultural and tourist ties.
Joint action will be taken by 
Additional News From MENA......
THIS !
Misrata Military Council (MMC) Warning NOC over perceived ties to LNA & Haftar . Also demands GNA & Serraj take a position on Benghazi.
Jarafa accused the municipalities of violating role of LIB state.“We will continue working with our previous cross-border trade procedures.”
ICYMI: .@StateDept designates #AQAP’s Ibrahim al-Banna as Specially Designated Global Terrorist under E.O. 13224 → http://go.usa.gov/x92zV
.@StateDept designates Hamza bin Laden as Specially Designated Global #Terrorist under E.O. 13224 → http://go.usa.gov/x92MB
US Politics & Foreign Events Touching On US Politics....
Jennifer Jacobs
And Trump's response: Only stupid people would think a good relationship between US and Russia is unwise.
Topic of Trump's pre-dawn tweets this Saturday a.m.:
--no evidence that hacking affected the election results
--Ds embarrassed by big loss.
Trump on @SenDanCoats: Leadership "entire intelligence community can respect...ceaseless vigilance against those who seek to do us harm."
Trump director of natl intel pick Dan Coats has said US needs “extreme vetting." Has called for expanded bombing of ISIS camps in Syria.
I just spoke to @realDonaldTrump and he fully supports my plan to replace Obamacare the same day we repeal it. The time to act is now.
Mish is a smart guy and contrarian in his thinking. Not shy is expressing his views - certainly worth reading and considering.
Good read from John. By now everyone knows answer to question posed - or if not , just read Trump statement after the sit-down.
Trump’s Win: America’s Failures of Representation and Prospects for Democracy #NakedCapitalism
What the hell as the motive here ? Mental illness , ISIS fixation - combination of the two ?
Looking at various accounts in the media , it seems Santiago mentally fell apart after his duty in Iraq.
"They Lost So Big" - Trump Blasts "Embarrassed Democrats" For Russian Hacking Report http://www.zerohedge.com/news/2017-01-07/they-lost-so-big-trump-blasts-embarrassed-democrats-russian-hacking-report …
In Stunning Last Minute Power Grab, Obama Designates Election Systems As "Critical Infrastructure" http://www.zerohedge.com/news/2017-01-06/stunning-last-minute-power-grab-obama-designates-election-systems-critical-infrastru …
"Friends, Long Live" Duterte Tells Russian Navy, Hopes Moscow Will Become Philippines' "Ally And Protector" http://www.zerohedge.com/news/2017-01-06/friends-long-live-duterte-tells-russian-navy-hopes-moscow-will-become-ally-and-prote …
Bail denied for " Facebook 4 " ( appropriately , IMO ) , Note two of the four are women , not four men involved here.
Odds & ends....
Mexico .....
The Guardian (UK): «CCTV of suspect in US consular shooting in Mexico – video» #Guadalajara https://www.theguardian.com/world/video/2017/jan/07/cctv-suspect-us-consular-offical-shooting-mexico-video?CMP=twt_a-world_b-gdnworld …
CCTV of suspect in US consular shooting in Mexico – video http://dlvr.it/N3T85V
A gunman wounded a U.S. consulate official in Mexico's western city of Guadalajara when he opened fire on his car in broad daylight.
#BREAKING Gunman wounds US consular official in western Mexico: official
Mexico, w lots excess refinery capacity & effectively outsourcing gasoline prod to US, sparks protests w price dereg
Mexico gasoline protests: president insists there's no alternative to price hike https://www.theguardian.com/world/2017/jan/06/mexico-gasoline-protests-four-dead-and-hundreds-arrested-during-mass-looting?CMP=Share_iOSApp_Other …
Death toll rises as #Mexico #gasoline protests continue
http://www.thepeninsulaqatar.com/article/07/01/2017/Death-toll-rises-as-Mexico-gasoline-protests-continue …
Former Mexican President "@VicenteFoxQue: Neither myself nor Mexico are going to pay for his racist monument Another promise he can't keep."
Syria.....
Azaz sees huge vehicle IED - large casualties ( 60 dead , 100 wounded.) Where are the "White Helmets" ?
Some of my thoughts on the recent U.S intensification of drone strikes vs. JFS/AQ in northern #Syria, on @facebook:
https://www.facebook.com/CharlesRLister/posts/1034976536628757 …
Following JFS raid on FSA facility in Telmenes, Ahrar al-Sham has intervened.
Today, JFS & Ahrar have clashed & taken each other prisoners.
Venezuela.....
U.S. embassy no longer accepting Venezuela’s collapsing currency
As #Venezuela’s economic collapse continues, talent leaves the country http://huff.to/2jkydwj
Here’s why socialist #Bolivia thrives as socialist #Venezuela collapses
Yeah , that will work ...... as surely as pigs can fly.
tick , tick , tick.....
"Ponzi" bond sales won't save Maduro or his Gov't....
India......
So if I understand this right, demonetization doubled India's money.
MODI! MoDI! moDI!
PM @narendramodi: People wholeheartedly supported govt’s decision of #demonetization despite difficulties.
Despite demonetization, India to grow faster than China: Singapore diplomat | http://buff.ly/2iNiTqR
Demonetization impacts after 50 days...
Demonetization criticized.....
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