Buffett Wins Again: Berkshire To Get $29 Billion Boost Under Trump Tax Plan

Something curious happened as Trump was "draining the swamp" - the man who by some accounts owns the swamp, Hillary Clinton's billionaire backer Warren Buffett, may be about to get an "unexpected" windfall thanks to Trump's tax-rate cut policies which would boost the book value of Berkshire by as much as $29 billion.

Ivory Tower Economist Tries To School Dilbert's Scott Adams On Trade... Fails

"You haven’t given the readers enough credit. Something you PhD economists are going to be facing much more of in the coming years. There is a movement to educate and draw in the American public to such economic discussions. We will be better prepared to understand your theoretical, applicable and logical fallacies. You should take note, and be better prepared next time."

GOP Congressman To Introduce National Conceal Carry Bill After Trump Swear In

The bill, known as the Concealed Carry Reciprocity Act of 2017, will allow a person with a concealed carry permit in one state to carry a handgun in any other state that permits residents to conceal carry, as long as the person is not banned from possessing or transporting a firearm under federal law.

The Deepening Of The Deep State

The measure has not been passed by the Senate or signed into law yet, and the holiday recess may prevent that. But it is easy to see how it would empower the Deep State to shut down whichever websites they happened to not like.

Carrier & The Slippery Slope

Time will tell whether this Carrier deal was just a symbolic line in the sand, or whether it is a sign of future government interventionist policies which will ultimately backfire. In the long run, the less government, the better.

A Look At This Week's "Other" Big Event

With the Italian referendum now in the rearview mirror, the market's attention focuses on this Thursday's second most important event, the ECB meeting on Thursday. Here are the key questions the market will want answered.

Can Trumponomics Fix What's Broken?

Will “Trumponomics” change the course of the U.S. economy? We certainly hope so. It will be better for us all. However, as investors, we must understand the difference between a “narrative-driven” advance and one driven by strengthening fundamentals. The first is short-term and leads to bad outcomes. The other isn’t, and doesn’t.

As Dakota Celebrates, Trump Advisors Propose Privatizing Oil-Rich Indian Reservations

With celebrations continuing at the site of the Dakota Access Pipeline protest (following the Obama administration's decision not to grant the construction permit), it appears the Trump administration has very different ideas. Having confirmed Trump's support for the pipeline (not to do with his investments), Reuters reports a Trump advisory group proposes the politically explosive idea of putting oil-rich Indian reservation lands into provate ownership.

20 Years Later, Greenspan's "Irrational Exuberance" Has Become Even More Irrational

December 5, 1996:  “Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.  But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions?"

Renzi Delays Resignation Until Senate Passes Budget Law

Matteo Renzi met with Italian president Sergio Mattarella to discuss the terms of his resignation. According to Ansa, Renzi's departure may not be as clear cut as some had expected, and as Ansa reports, Renzi may delay his resignation following a request by the president to hold the post until the Senate Budget Law is passed,