E Market Briefing For Tuesday, December 6

Fluid dynamics have more than ‘just Italy’ in-limbo and anxious about what comes next for, virtually everything. We have reasons to suspect all of what’s happening is a visceral response to what citizens know or even just ‘perceive’ is potentially wrong with government(s), financial structure, or even (based on the story I read about an investigation in London of a plan to force globalist policies on the UK) Western Civilization’s future.

This weekend the venerable Tom Friedman was asked his perspective on some related areas, and his response reflected an internal conflict about whether or not there’s a risk to the entire civilized structure. I’m (for now at least) in the camp that believes we can work through this challenge; at the same time I grasp how significant the outcome is for mankind, not just the relatively minor aspirations of any political party.

I also don’t believe truly enlightened world leaders (in the West and by the way including Russia) want to see the darker side of globalism take hold more than it already has. To allow that is to invite a pivot to Asia for sure; and one in which China (not Russia) becomes the dominant power as it’s trying to economically, anyway.

I suspect one reason the Chinese are fairly calm about Trump tweets, is something other than how the media perceives this. The Chinese might actually ‘agree’ with Trump and Russia about some areas of threats with an understanding of how America’s prosperity is essential for trade with China to persist and expand, and that it cannot happen by suppressing the average American worker’s aspirations further. They finally recognize that our people are ‘citizens’, and must prosper to be their ‘consumers’.

Increasingly, media will stop harping on ‘single-company’ corporate fights to retain (or return) jobs to the USA. Instead they will understand what is being done now is I suspect ‘stop-gap’ brush-fire action to stop defection until we have a reformed tax structure (and if needed tariffs).