What remains of the accustomed standard of living in America is supported by wishing and fakery and all that is now coming to a climax as we steam full speed ahead into Murphy’s law: if something can go wrong, it will.
For the first time ever, the market cap of America's "Big Four" banks topped $1 trillion having surged 30% since Donald Trump was elected president. While to some this is cause for celebration, we note that the last time a nation's "big four" banks topped $1 trillion in market cap did not end well...
Rex Tillerson plans to skip an April 5-6 meeting of NATO foreign ministers for a U.S. visit by the Chinese president and will travel to Russia later in the month, U.S. officials said on Monday, a step allies may see as putting Moscow's concerns ahead of theirs.
Bangladesh and three provinces in India, which are highlighted in red, take up just 160,000 sq. mi – that’s smaller than California. Together they hold more population than all of the blue territories on the map.
While conventional capital markets may be experiencing a "great rotation" out of retail cash into ETFs as Reuters puts it, a similar dynamic was taking place in the cryptocoin realm: "some experts said traders were selling bitcoin and buying ether, which was exacerbating the falls in the original cryptocurrency."
Despite endless streams of Fed Speakers proclaiming, in one form or another, that "we are at, or close to, full employment;" many in America - judging by the election of President Trump - are not feeling as exuberant as the jobs data implies they should be. The SF Fed itself now agrees: "the labor market may not be as tight as the headline unemployment rate suggests."
In an Orwellian-sounding step, The White House has planted politically appointed aides in government agencies to monitor President Trump's Cabinet secretaries’ loyalty (according to The Washington Post).
From a practical perspective, operating leases are pretty much the same as debt. They reflect a contractual obligation on the part of one counterparty to make defined stream of cash payments to another over a set period and with an implied interest rate embedded in the payment stream. That said, accounting rules treat operating leases differently than debt and do not require them to be included as a liability on a company's balance sheet. That is, until 2019.
"Mr. Master 'will be working on a wide range of civil and criminal investigations and enforcement matters, including public corruption, complex civil litigation' and potentially litigation against the Trump administration."