Whatever precise form Mr Trump’s administration takes, we know this: Mr Obama’s legacy will be purged. In many cases all it will take is the stroke of Mr Trump’s pen. The Obama erasure will go far deeper than undoing domestic laws, or foreign deals.
As viewers were tuning in for a brand new episode of Anthony Bourdain’s Parts Unknown, "the show's title took on a brand new meaning when the scheduled programming was replaced with explicit material starring adult transsexual film star Riley Quinn."
The EU Parliament has approved a Polish MP’s bill to counter Russian news sources’ “propaganda.” Among those listed areRT and Sputnik news agency. This is yet another example of push-back from Western elites over the loss of the U.S. presidency and potential thawing of Russian / European relations under a Trump administration.
Oh how the Fed must long for the days of yore, when it was feasible to make policy in a domestic vacuum. But the reality of it is, if the rest of the world’s economic vulnerabilities and systemic fault lines are laid bare by this December’s hike, Fed officials’ words won’t amount to much more than trash talk.
A record 77% of Americans believe the US is divided on the most important values, while 21% believe it is united and in agreement. Over the past 20+ years, the public has tended to perceive the nation as being more divided than united, apart from two surveys conducted shortly after the 9/11 terrorist attacks.
Meanwhile, civil war – national and global – is now raw, everywhere; social Darwinism run amok. Trump launched an IPO over the White House. Now he’s the CEO. If – and that’s a mighty if – he manages to run it like a sound business, that’s bound to be a good deal not only for the US but to the whole planet.
Global bond yields and the dollar both weakened after the Bank of Japan offered to buy an unlimited amount of debt at fixed yields, stabilizing the global bond rout, while investors awaited testimony from Fed Chair Janet Yellen that will help shape the outlook for interest rates ahead of a December rate hike that is now seen as near certain.
Yesterday we wondered how long the broader market would ignore the carnage taking place across emerging markets, instead focusing on making the Dow Jones Industrial Average both great, and all time high, again. Today, we got our answer.