“The problem for Trump is that we no longer reside in the 80’s where a large group of ‘baby boomers’ were entering the workforce and driving a massive wave of innovation and productivity changes. Today, we are on the wrong side of the demographic trends combined with falling productivity and labor force growth.”
Who creates federal laws? Civics books say it is Congress, but the real answer today may be the executive branch. A recent report showed that the 229 major regulations issued since 2009 added over $100 billion in annual costs (according to the regulatory agencies), $22 billion coming in 2015. With estimates of the total regulatory costs now exceeding income tax burdens at over $2 trillion annually, regulations were far more burdensome for many Americans than legislation.
"...we're at a phase in this UST / developed sovereign bond trade where previously acceptable conditioning (‘buy dips’; ‘get long-er duration because it just keeps working’; ‘never-ending bond inflows will always pause selloffs’ etc) are all being reset in real-time, and this behavioral shift is painful."
In a sign that investor enthusiasm about the Apple "rebound" may have been premature, Digitimes reports that Apple has begun to reduce orders for iPhone 7s as initial "sales momentum has started fading", according to sources from Taiwan's handset supply chain.
Less than two months after Ray Dalio warned about a potential wipe out in the bond market, he has been proven right: the November surge in global yields has resulted in the worst monthly loss in the Bloomberg Barclays Global Aggregate Total Return Index, which lost 4% in November, a record drop, and equivalent to $.17 trillion in losses. The index’s market value fell $2.8 trillion over past two months.
Bankers are bracing for long hours and angry mobs as pay day approaches in India. "We are bracing ourselves for payday and fearing the worst," the chief executive officer at Laxmi Vilas Bank said, concerned the situation has gotten out of control.
The Trump victory fits into this decadent scenario.Are we facing a true revolutionary who intends to rid forever global hegemonic aims, or is he simply a well-thought-out pause, created by the elites to revitalize the economy, arrest the internal discontent in the country, and rebuild the army to resume the march toward global hegemony in 2020?
Civil war is unavoidable. The left is too crazy, and the right has now been given the weapon of government too enticing to overlook. Consider for a moment which “faction” in the world benefits most from this arrangement and then you will understand that the left is ultimately a distraction from the greater enemy. Remove the globalists from the picture, and the left will sort itself out.
With the economic expansion in its eighth year, over 15 million jobs added since the post-recession low in employment, and a steady decline in the jobless rate from its recessionary high of 10% to under 5%, many mainstream economists were convinced that the U.S. economy was in good shape. That misconception, at least where jobs are concerned, is a key reason so many were stunned by this month’s election verdict.