Trump Met With Janet Yellen; Meeting Lasted 30 Minutes

The anticipated meeting between president Trump and Janet Yellen has concluded, and according to Fox News, it lasted no more than 30 minutes, running from 2:00PM to 2;30PM, or barely enough for Trump to stop patting himself on the back about the yuuge Dow Jones rally under his presidency (it was a little over a year ago that Trump was bashing Yellen for creating a stock bubble).

Vladimir Putin: "Don't Back North Korea Into A Corner"

"Whether one likes the North Korean regime or not – it should not be forgotten that the Democratic People's Republic of Korea is a sovereign state. Any contradictions must be resolved in a civilized manner. Russia has always been calling for such approach..."

GDP Is Bogus: Here's Why

"So if we borrow money to pay people to dig holes and then fill them with the excavated dirt, GDP rises to general applause... The debt we took on to fund the make-work isn't accounted for at all."

Robert Shiller: 1987 Could Happen Again

"Oct. 19, 1987, was one of the worst days in stock market history. Thirty years later, it would be comforting to believe it couldn’t happen again. We are still at risk, however: That kind of panic can certainly happen again."

Krugman And The "Heroic" Fed

"Far from being the incorruptible general whose troops must clean up the wreckage left by the hurricane of free-market economics, the Fed usually is ground zero (or at least nearby) when it comes to economic crises."

A 52-"Weak" High For Stocks?

While the S&P 500 his on an impressive string of new highs, a number of them have come on questionable breadth.