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To RBC, This Is The Single Largest Risk To The Market Right Now

The US Dollar is the “grand unifying theory asset” for nearly any and all “profile” global macro or thematic equities trades in the marketplace right now, as it represents investors being long this “new” version of “economic growth.”  As such, performance is significantly tied to the direction in the US Dollar.

Who Will Trump Pick As Next Fed Chair?

Reinhart discusses possible Federal Reserve appointments under a Trump administration. The front-runner, in his opinion, seems to be John Taylor...

The Well-Reasoned Basis Of Populism

The rise of populism isn’t the politics of rejecting experts, it is the rejection of these “experts” – who quite frankly deserve more than voter disdain. Credentials have come to be seen by a very large and growing proportion of the global population to declare incompetence, having nothing at all to do with intellectual capacity apart from objectivity. It isn’t the denial of reasoned argument but rather the logical end of it.

U.S. Intelligence Agencies Have No Clothes

The significance of the above cannot be overstated. U.S. intelligence agencies, like so many other national institutions, have lost nearly all credibility in the eyes of the American public. The list is long, but includes economists, politicians, the mainstream media, central bankers, the financial system, and a lot more. The loss in credibility is well deserved and has nothing to do with Russia. Rather, it’s a function of a disastrous 21st century outcome for U.S. citizens both at home and abroad.

Democrats Call For Sept 11-Style Commission To Probe Russia

Democratic members of the U.S. Congress called on Monday for the creation of an independent commission to investigate Russia's attempts to intervene in the 2016 election, similar to the Sept. 11 panel that probed the 2001 attacks on the United States.

State Department Says Presenting Evidence Of Russian Hacking Would Be "Irresponsible"

State Department spokesman John Kirby said today that no one should be surprised that US intelligence agencies were keeping evidence secret in order to protect sources and methods.“Most American people understand that they have the responsibility to protect their sources and methods,” Kirby said, adding it would be "irresponsible" to do otherwise.

Here's A Unique Sign Of Inflation

"I remember the first time I ever saw a $100 bill. I was dumbfounded. It was more money than I had ever seen in my young life.... $100 could practically pay the rent in a lot of places back in the 80s. That’s obviously no longer the case...$100 simply isn’t the awe-inspiring symbol of wealth that it used to be. And that’s because of inflation."