"[The] deterioration of America's global position has accelerated in recent years, in part, because the Obama administration's defense strategy was built on a series of flawed assumptions. As a result, our military is caught in a downward spiral of depleted readiness and deferred modernization."
With just days to go until Donald Trump is inaugurated as the 45th president of the United States, speculators have almost never been so sure that markets will remain calm - despite record-breaking uncertainty.
They’re at it again. It isn’t enough that the Federal Reserve’s tighter monetary policies are hamstringing global economic growth, but over the past week a few different Fed officials floated the idea of reducing the size of the Fed’s balance sheet. They seem intent on tightening until something breaks.
Following a disappointing year for Bill Ackman, in which his Pershing Square returned -13.5%, moments ago Ackman got some bad and some good news. The bad news is the Pershing Square was among 10 investment advisory firms who were busted by the SEC for engaging in pay-to-play schemes, or accepting pension fund fees within two years of making donations. The good news: the penalty is a whopping $75,000.
"The bigger threat is probably coming from anti-government/anarchist groups who are likely to try and disrupt the inauguration, and may engage in violence to do so. I think people today are willing to do things they may not have been willing to do in the past. Every night I wake up and I wonder do we have some issue covered."
Warning that a "soft coup" is being waged against Donald Trump, Russian President Vladimir Putin said that he sees attempts in the United States to "delegitimize" US President-elect Donald Trump using "Maidan-style" methods previously used in Ukraine, whle calling those who ordered the compromising Trump dossier "worse than prostitutes."
1) Long a variety of low-multiple, tax-paying, U.S. value stocks; 2) Long AAPL; 3) Long GM; 4) Short “bubble basket.” 5) Short oil frackers, 6) Short CAT (and other similar industrial cyclicals that have moved much higher post-election).
The entirety of the decline in 10y rates in 2015 and 2016 occurred during the Tokyo trading session. In fact, since October 8, 2014, 10y rates have fallen by 141bp cumulatively during the Tokyo trading session
US financials stocks are down 3% from Friday's exuberant post-earnings opening highs. That is the biggest drawdown since the election with BofA, JPMorgan, and Goldman leading the downturn (down almost 5% from Friday's opening highs)...
"The deep state" is shorthand for a force within Washington that is able to guide the US' ship of state over periods of time longer than presidential terms, and at times despite the stated intentions of elected officials. If Trump has indeed embroiled himself in a conflict with this entity, then, what does that mean for his policy plans and for the post-Inauguration markets?
Taiwan today sent the clearest message to China that it is taking deteriorating diplomatic relations with its estranged mainland cousin seriously, when the island nation began two days of military drills simulating an attack by China, in the wake of Beijing's sailing of an aircraft carrier through the Taiwan Strait as the government sought to reassure the public.
"There will be budget cuts this year. We will lay out the specifics in the coming weeks and months. We cannot pretend to be immune from financial pressures but we view this moment as a necessary repositioning of The Times’s newsroom, not as a diminishment."
Trump isn't just a lightning rod for delusional Progressives who were happy to see their real-world fortunes erode away as long as the Insiders in charge kept muttering the desired symbolic speech acts; he is also a lightning rod for Insiders fearful that their Insider apple cart is about to be upended, and they might actually have to work for a living, or actually compete in the real world--something they know they are ill-prepared to survive.
One can probably put the time of death of the Trumpflation rally as 11:47pm on Monday night. That's when the WSJ published the latest excerpt of its Friday interview with Donald Trump, in which the president-elect himself said the dollar was already “too strong.” and said “our companies can’t compete with [China] now because our currency is too strong. And it’s killing us.”
Federal Reserve governor Lael Brainard Tuesday acknowledged that while expansionary fiscal policy could prompt the central bank to undertake a faster pace of interest rate increases and begin shrinking its balance sheet sooner than expected, the details of the policy shifts under Donald Trump are still quite uncertain and could come at significant costs.