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.
"That was no presidential speech; that was a veritable declaration of war. Threatening in tone. Cold and calculating in logic. Change minus the hope.... In domestic policy, the Trump agenda sounds like a blueprint for civil war; in foreign policy, it sounds like the dawn of a new ice age."
Whenever The New York Times or some other mainstream news outlet holds itself out as a paragon of professional journalism – by wagging a finger at some pro-Trump “fake news” or some Internet “conspiracy theory” – I cringe at the self-delusion and hypocrisy. Rather than acting as a watchdog against these deceptions, the Times and its mainstream fellow-travelers have transformed themselves into little more than the Establishment’s apologists and propagandists.
"The CIA is a sitting duck for Trump. He has every reason to abolish the agency that has traditionally operated on behalf of narrow interests. There is no reason for Trump to tolerate spurious charges against him by the CIA. At best the CIA is incompetent. At worst the agency is complicit in, or organizer of, terrorist events."
Having been considered a leading contender for the role of UK Ambassador, Trump transition team officials have reportedly confirmed New York Jets' owner Woody Johnson will be his UK Ambassador. The confirmation comes after a 'slip-up' by Trump during a speech earlier indicating that "Woody's going to St. James."
Following urges by Edward Snowden and Julian Assange (who offered his own extradition), President Obama has commuted the remaining prison sentence of Chelsea Manning, the army intelligence analyst convicted of an enormous 2010 document leak.
"The deep state" is shorthand for a force within Washington that is able to guide the US' ship of state over periods of time longer than presidential terms, and at times despite the stated intentions of elected officials. If Trump has indeed embroiled himself in a conflict with this entity, then, what does that mean for his policy plans and for the post-Inauguration markets?
"There will be budget cuts this year. We will lay out the specifics in the coming weeks and months. We cannot pretend to be immune from financial pressures but we view this moment as a necessary repositioning of The Times’s newsroom, not as a diminishment."
"I dunno about you, but I rather enjoy watching the praetorian Deep State go batshit crazy as the day of Trump’s apotheosis approacheth. I imagine a lot of men and women running down the halls of Langley and the Pentagon and a hundred other secret operational redoubts with their hair on fire, wondering how on earth they can neutralize the fucker in the four days remaining."