“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
Flat on light volumes, jammed into short term overhead resistance, ahead of earnings season which starts in the US today.
There has been little or no mention of the China downgrade of US debt on Bloomberg television today, which has been a cheerleading session for equities. Their overall presentation at least during US trading hours is best described as 'frivilous with a dully pendantic corporate flavor.'
