Finished rereading The Big Short by Michael Lewis. A must read to understand the corruption and stupidity of the so-called smarties on Wall Street. Where were the alleged protectors of investors in DC? Heads buried in the sand or complicit? Or ignorant?
You can see the 60 Minutes interview with Michael Lewis here.
The military industrial complex is undoubtedly pleased.
“In a speech to service members, the president said that “radical Islamic terrorists are determined to strike our homeland” and exulted in his election victory.”
Source: Trump Says He Plans ‘Historic’ Investment in Armed Forces – The New York Times
The plundering continues unabated.
“Bad news: Congress is putting tax cuts on the back burner for now — a big risk. House Speaker Paul Ryan says lawmakers will focus first on replacing . . . er, “repairing” ObamaCare and on…”
Source: Delaying Trump’s tax cuts is a huge risk
How dare Trump criticize American interventionism.
Source: Trump and the End of Innocence by — Antiwar.com
“History could be set to repeat itself as excessive growth has left the U.S. dollar poised to collapse, according to OMFIF.”
Source: We’re going to have a dollar collapse like the 1980s, strategist says
Got gold?
“If bond yields and gold rise in tandem, the market may turn the opposite way; at least, that’s what historic parallels suggest.”
Source: Look out: Gold and bonds are sending a signal reminiscent of 1987 and 1973 market crashes