ETC

Europe Votes To Impose Visas On Americans

European lawmakers voted to force Americans to apply for visas when traveling to Europe in response to Washington refusing to allow all Europeans to travel to the States visa-free.  The vote by show of hands is the latest in the ongoing “visa war” between Brussels and the US capital.

Energy, Money, And The Destruction Of Equilibrium

"No matter what the economic leaders say, these actions prove to me and many others that their mental models of the world have failed. They’re able to hide behind authority and academic vocabulary which if put in plain terms for the lay person could be described as theft, ponzi, tyrannical and moronic."

Putting It All Together...

Population growth, economic growth, and resultant energy consumption are inexorably slowing. The Federal Reserve knows it can not stop this and is simply slowing the inevitable with interest rate cuts to incent greater consumption via skyrocketing credit/debt...

Evercore ISI: "Trump Budget Not Happening"

In a note by Evercore ISI's Terry Haines and Ernie Tedeschi, the analyst duo pours cold water on Trumps' budget proposal before it has been even formalized and confidently predicts that "Trump budget not happening" adding that the most likely outcome is that "Congress will modestly hike defense and nondefense spending."

EconMatters's picture

It appears the Federal Reserve took notice of the overheated stock market and realized they really must be behind the inflation curve. You don`t reach year end targets in the stock market already at all-time highs and haven`t even gotten out of February, and not wake up and realize that you are way behind the asset bubble inflation rate hiking curve.

Charts Of The Week: 10 Reasons To Be Cautious In This Market

"First, 'record levels' of anything are records for a reason. It is where the point where previous limits were reached. Therefore, when a ‘record level’ is reached, it is not the beginning, but rather an indication of the maturity of a cycle. While the media has focused on employment, record stock market levels, etc. as a sign of an ongoing economic recovery, history suggests caution."

As Bitcoin Surges To Record High, China Prepares Its Own Digital Currency

Bitcoin is a primary means of capital flight out of China. How long will that last? Here’s one key thought on bitcoin from the article: “OKCoin is among cryptocurrency exchanges that has recently taken steps to halt bitcoin withdrawals amid efforts to clamp down on capital outflows.When China launches its own cryptocurrency, will it ban Bitcoin transactions? If so, what happens to the price of Bitcoin?

9 Lessons From The Reagan Tax Cuts

A close look at the ’86 tax reform shows why tax reform may not get done this year. As BofAML's Ethan Harris notes, "we are skeptical." Significant tax reform creates winners and losers, which may make it hard to find a "coalition of the willing."