The US economy depends on more and more fake money and fake credit. All we know for sure is that, with nothing to stop it, you can expect it to keep going up — until the whole economy drowns in it.
House conservatives were hoping to use the coming debate to focus attention on what they see as runaway spending, boondoggles, and excess US debt. So you can imagine their disappointment when it came out on Wednesday that the president had stabbed them in the back.
Mr Trump has already given up his America First foreign policy pledge. Next, he will turn over tax reform and monetary policy to the Goldman Group — led by Cohn and Mnuchin. That will leave him with only one wall left: trade policy.
Donald J Trump promised to pull the plug. But he couldn’t even if he wanted to. And now his decisions are Oval Office decisions…that is to say, those that suit the Deep State. He cannot drain the swamp; he is now a part of it.
In professional wrestling, scriptwriters always include what they call a ‘Holy Sh*t!’ moment. Donald J Trump, a wrasslin’ fan, took a ‘Holy Sh*t!’ blow on Tuesday.
Taking credit for the economy and the stock market is a dangerous thing for the president to do. They are likely to blow up in his face.
Negative interest rates, flat earnings, soaring stocks, and Donals Trump’s election all share the same sordid provenance.
The Trump team welcomed its newest member. Henceforth, communications will be controlled by Goldman Sachs alum Anthony Scaramucci, aka ‘The Mooch.’
Iron ore has had quite a ride over the past year. Investors on the right side of the trade have pocketed impressive gains.
Trump and Macron promised something new. A breath of fresh air. But to make real change, each need to squeeze the power and money now flowing to the elites.
Meanwhile, Newt Gingrich, another Trump supporter, took up the parallel, explaining that his man was being stabbed in the back by Deep State insiders.
Little of the Trump tax plan will pass Congress. Not a single Democrat will touch it. And many of the Republicans, those with a residual interest in financial integrity, will also back off.
If ‘The Donald’ were to propose real reform, it would bring the whole Deep State down on his head with a ferocity never before seen in American politics.
The last thing iron ore miners like BHP Billiton Ltd [ASX:BHP] and Rio Tinto Ltd [ASX:RIO] need is uncertainty over iron ore demand.
Increased military spending is a trend that’s here to stay. The more aggressive Trump becomes, in fact, the more the big-name defence contractors stand to benefit.