President Trump has trade in the dock, giving it a good hard grilling.
Even after December’s little bump the nominal Fed funds target rate is still just about 0.50%. Rates are low. But the question arises… low compared to what?
While the media fixate on Dow 20,000… who’ll build “the wall”… and Trump’s latest treason against the decencies… the next global financial crisis may be quietly unspooling.
Fact #1: The Fed expects to raise rates three times this year.
Fact #2: History says Trump will experience a recession during his first year in office.
Leaving Fed head Janet Yellen and her goon Stanley Fischer in power would be “the height of folly,” thundered David Stockman after Trump’s election.
How big is the current stock bubble?
Trump pledges to label China a currency manipulator “on day one” and demand concessions they’ll never make. Brian Maher has more…
“The World Today Looks Ominously Like It Did Before World War I.”
Thus ran a po-faced headline in The Washington Post, of recent vintage. But is it true?
Is China preparing to devalue its currency again? The fate of the market may hang on the answer…
“We are going to do the worst thing we can do to you,” wagged Russian political scientist Georgi Arbatov, with purring relish, just as the Soviet Union was set to breathe its last…