"Don’t let anyone try to tell you that stock-market pullbacks, including modest ones, are something investors and policy makers can now handle with aplomb. You can calculate financial-conditions indices with all sorts of back-fitted weightings but when stocks go down, everyone still goes into “The sky is falling” mode."
One day after the South African rand tumbled on the suprising report that president Zuma had ordered his finance minister Pravin Gordhan to cancel roadshow meetings with investors in the UK and US and return home on Monday, overnight the rand plunged for the second day in a row, after the 74 year old president told senior leaders of the South African Communist Party that he plans to fire Finance Minister Pravin Gordhan.
“Equity market participants have taken a look at the lower yields and weaker dollar and decided that since absurdly low rates are the elixir that the equity bull market lives on, they might as ‘buy the dip’ yet again” Kit Juckes, a strategist at Societe Generale wrote.
"Why isn't the House Intelligence Committee looking into the Bill & Hillary deal that allowed big Uranium to go to Russia, Russian speech, money to Bill, the Hillary Russian ‘reset,’ praise of Russia by Hillary, or Podesta Russian Company.."
In a new report published this week, Open Europe concludes that leaving the EU’s Customs Union is the only logical step for the UK to pursue an independent trade policy and achieve a truly ‘Global Britain’ outside the EU.
As members of Congress in Washington debate raising the minimum required to obtain a U.S. immigrant investor visa from $500,000 to $1.35 million, Bloomberg reports concern about the hike has set off a scramble among wealthy would-be participants in China.
Asimov’s solution to the failure of humanity to change was to create an academic oriented benevolent ruling class who could save the human race from destroying itself. He seems to have been well before his time with regards to creating Shadow Governments and Deep State functionaries. It appears he agreed with his contemporary Edward Bernays. The masses could not be trusted to make good decisions, so they needed more intellectually advanced men to guide their actions.
After failing to achieve Republican agreement over healthcare reform, The Washington Post reports that while President Trump and House Speaker Paul D. Ryan both want to rewrite the tax code, they are deeply divided over how much tax relief to give the middle class.
"This is about making sure we have a pro-growth and pro-environment approach to how we do regulation in this country. For too long, over the last several years, we've accepted the narrative that if you're pro-growth, pro-jobs you're anti-environment and that's just not where we've been in the country. And the executive order is going to address the past administration's effort to kill jobs across this country through the clean power plan."
One upon a time, the benevolent future was supposed to bemuse with hoverboards, flying cars and interplantary travel. Instead, according to the folks at Slovakia's Bozena Riot Security Systems, the dystopian future has arrived, and it is made of armored plates and riot gear.
"Do I really think that you guys are gonna tell the story that I would like to have told? No. Your story’s gonna be, “Here’s a guy, spreads fake news, uses social media and these social media people better,” I know the story you guys are doing before you do it."
Following similar calls by his ideological peers, the top Democrat on the House Intelligence Committee demanded on Monday evening that Committee Chair, Devin Nunes, should recuse himself from "any further involvement" into President Trump’s campaign ties with Russia.