The Federal Reserve has pursued the unprecedented monetary policy of lowering rates to zero and increasing their portfolio from 500 billion to over 4 trillion. But as the Fed reminds us, there is a cost.
"We are approaching the point of maximum optimism and S&P 500 will give back recent gains as investors embrace the reality that tax reform is likely to provide a smaller, later tailwind to corporate earnings than originally expected."
Seemingly following Alinsky's "Rules for Radicals", Liberal Progressive Socialists appear to believe, in a Trump world, "the ends justify the means," as evidenced by the farce in Berkeley this week. Any and everything is justified by a lying mainstream media: riots and the destruction of property, assaults on those who disagree with them, and general lawlessness - all in the name of 'virtue signaling'.
It appears The New York Times' flip-flopping, hate-mongering, fact-twisting, Keynesian poster-boy Paul Krugman is not coping well with hearing "no" and being ignored, and his tirade last night in Twitter has us gravely concerned for his mental stability, which is ironic given how he began yesterday...
"What's going on here is really so politically driven... I never saw you so unhappy as on election night... you picked sides, everyone picked sides... people in charge of intelligence are political as well here..."
Since 9/11, US corporate media have portrayed Al Qaeda as a monstrous organization whose existence justifies a global war without end. Who could have predicted that by 2016, these same media outlets would become Al Qaeda’s most enthusiastic cheerleaders?