White House

Ron Paul Asks "Will Trump Continue The Bush-Obama 'Big Spending' Legacy?"

America can no longer afford to waste trillions of dollars on a militaristic foreign policy. Donald Trump should follow-up his attacks on wasteful military spending by dramatically changing our foreign policy and working to cut the Pentagon's bloated budget. If the new administration and Congress increase spending, they will need the Federal Reserve to monetize the growing debt, but Fed action can only delay the inevitable day of reckoning.

David Einhorn Explains How He Is Trading The "Trump Presidency"

1) Long a variety of low-multiple, tax-paying, U.S. value stocks; 2) Long AAPL; 3) Long GM; 4) Short “bubble basket.” 5) Short oil frackers, 6) Short CAT (and other similar industrial cyclicals that have moved much higher post-election).

Frontrunning: January 17

  • Theresa May pledges clean Brexit break (FT); May Pledges Vote on Brexit Taking U.K Out Of EU’s Single Market (BBG)
  • Donald Trump Warns on House Republican Tax Plan (WSJ)
  • Trump, Fed Headed for Clash Amid Dollar Surge, Economists Say (BBG)
  • China’s Xi Warns Against Trade War in Defense of Globalization (BBG)
  • Morgan Stanley Profit Rises on Surge in Bond-Trading Revenue (BBG)
  • Germany says NATO concerned about Trump 'obsolete' remark (Reuters)

Germany Slams Trump Criticism: Urges US To "Build Better Cars", Accuses Washington Of Causing Refugee Crisis

Responding to Trump's Sunday criticism, Germany's economy minister Sigmar Gabriel said "there is a link between America’s flawed interventionist policy, especially the Iraq war, and the refugee crisis, that’s why my advice would be that we shouldn’t tell each other what we have done right or wrong" and also urged the US to "build better cars" if it wants Germans to buy them.

'Golfer-In-Chief' Obama Plays More Rounds Than Any President Since Eisenhower

20 years after first taking up the game of golf in 1997 - due to basketball injuries - President Obama has worked hard to get his handicap down to "an honest 13," comparable to former golfing presidents as they left office (Nixon 12, Clinton 10, JFK 14). However, there is one thing Obama has them all beat with - during his eight years in the White House he played a total of 306 rounds of golf, more than any other president since Dwight Eisenhower.

Obama Sends 10 More Guantanamo Detainees To Oman

Reconfirming that he has much left to accomplish in his final week in office, Obama has released another 10 Gitmo detainees that have just confirmed their safe arrival in Oman. 

Matt Taibbi: "Insane Clown President Trump Was Right About The Media"

"The media and politicians had spent so much time with each other that they lost touch with regular people, and Trump capitalized on that... He made the media villains, representative of this out of touch, ivory tower political culture... I think there's some fairness to it..."