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.
"From the point of view of the Left, Gorsuch may very well be the best they could have hoped for. The Left would be foolish to block this pick. I suspect relatively smooth sailing if Gorsuch handles himself well in senate hearings. But then again... there's Elizabeth Warren."
The “Wind and Solar Will Save Us” story is based on a long list of misunderstandings and apples to oranges comparisons. Somehow, people seem to believe that our economy of 7.5 billion people can get along with a very short list of energy supplies. Unfortunately, a transition to such a short list of fuels can’t really work.
"The ban puts Saudi Arabia in an awkward position. Saudi Arabia will be expected to take a position against it because some of the countries included in the ban like Sudan and Yemen are key allies and because it projects itself as leader of the Muslim world."
Congratulations to UK prime minister Theresa May for poking a finger into the eyes of EU nannycrats. EU rules say members cannot negotiate trade deals until exit from the block is finalized, but you can kiss that rule goodbye.
Amazon has begun shipping products from Chinese merchant partners to its U.S. warehouses via its own ocean freighters. Amazon used to outsource exclusively. Question: How long will it be before Amazon has minimal to no staff on self-guided transports?
"The entire point of the CRA was to help legislators rein in administrations that ignored statutes and the will of Congress. Few White House occupants ever showed more contempt for the law and lawmakers than Mr. Obama. It’d be a fitting and just end to Mr. Obama’s abuse of authority—and one of the better investments of time this Congress could ever make."
The world that President Obama bequeaths to President Trump may not have all the same dangers that Bush left to Obama but the post-Obama world has hazards that Obama did more to create than to resolve - and some of the new risks may be even scarier.
As U.S. equity markets continue to surge to new all-time highs with each passing day, something you would expect to benefit the titans of high finance in Manhattan, demand for luxurious, multi-million dollar weekend getaways in the Hamptons has all but completely disappeared.
The single most important characteristic of any investment is the price when you buy it. It doesn’t matter how spectacular your investment is. If you overpay for it, you have no margin of safety. And as the market affirmed yesterday, US stock prices can be expressed in a single word: expensive.