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IMF sees Trump spending aiding U.S. growth, some emerging markets weaker

The International Monetary Fund on Monday lifted its forecast for U.S. economic growth in 2017 and 2018 based on President-elect Donald Trump’s tax cut and spending plans, but said this would largely be offset by weaker growth in several key emerging markets. Updating its World Economic Outlook, the IMF kept its overall global growth forecasts

Donald Trump’s War of Independence

David R. Usher, Donald Trump is leading America’s third war of Independence (the first two being in 1776 and the War of 1812). Donald Trump’s declaration of independence from the Establishment in both parties was long coming.  He bounced between parties for two decades before coming to the conclusion that both parties worshipped globalism. He

The Total Amount Of Debt In The World Just Hit A Record 152,000,000,000,000 (152 Trillion)

Michael Snyder, If anyone ever asks you how much debt there is in the world, now you will know the answer.  According to the IMF, the total amount of debt around the globe has now hit a staggering 152 trillion dollars.  That is an amount of money that is almost unimaginable, and the IMF says

Magna Carta 2.0: Good for Freedom, Good for Growth Trump is the Big Winner, Obama got Crushed

Larry Kudlow, The original Magna Carta was a charter agreed to by King John of England in 1215. It just celebrated its 801st anniversary. So no, I wasn’t there. But that charter has become part of an important, iconic, political myth that the deal between an unpopular king and rebellious barons marked the beginning of

Negative Rates Hit Global Shipping Market

The owner of the world’s biggest shipping line says negative interest rates are hurting the industry by delaying the consolidation wave so badly needed. The monetary policy environment “means that consolidation will be much slower because it’s easy for banks to keep weak shipping companies above water,” Nils Smedegaard Andersen, chief executive officer of A.P. Moeller-Maersk

The Almighty Dollar Is In Peril As The Global ˜De-Dollarization’ Trend Accelerates

Prominent international voices are starting to question why the U.S. dollar should be so overwhelmingly dominant.  As the Obama administration continues to alienate almost everyone else around the entire planet, an increasing number of prominent international voices are starting to question why the U.S. dollar should be so overwhelmingly dominant in global trade.  In previous

East Ukraine Unravels as Pro-Russia Militants Widen Fight

 Ukraine’s east is slipping out of the government’s grasp as separatists expand their takeovers of official buildings and the U.S. and its allies warn of additional sanctions if Russia doesn’t ease tensions. Armed men stormed the Donetsk regional prosecutors’ office today, throwing stones and stun grenades. Rebels in nearby Slovyansk said they’d begun talks to

Ukraine’s restive east slipping from government’s grasp

 Pro-Moscow separatists seized government offices in more Ukrainian towns on Wednesday, in a further sign that authorities in Kiev are losing control of the country’s eastern industrial heartland bordering Russia. Gunmen who turned up at dawn took control of official buildings in Horlivka, a town of almost 300,000 people, said a Reuters photographer. They refused

Ukraine Resumes Bid to Oust Militants Amid Russian Threat

 Ukraine restarted an offensive against separatists in eastern cities, prompting Russia to call the move a crime and warn that it would protect its citizens in Ukrainian territory. Operations to clear militants from Kramatorsk, Slovyansk and other cities were under way yesterday, Ukraine’s First Deputy Prime Minister Vitali Yarema said. Russian Foreign Minister Sergei Lavrov