White House

China Downgrade Forgotten As Asia Closes Higher, Futures Flat Ahead Of Fed Minutes

Not even last night's Moody's credit downgrade of China - the first since 1989 - could dent the global stock rally which has pushed global stock prices to all time highs. After initially sliding, regional stocks and emerging Asian currencies pared early losses following the unexpected downgrade of China, taking their cue from the "sudden reversal" of the Shanghai Composite Index, which some speculated saw the latest intervention of the "national team."

US Journalism's New "Golden Age"?

The mainstream U.S. media is congratulating itself on its courageous defiance of President Trump and its hard-hitting condemnations of Russia, but the press seems to have forgotten that its proper role within the U.S. democratic structure is not to slant stories one way or another but to provide objective information for the American people.

There Is One Big Problem With The Trump Budget

the White House budget is based on the assumption that the expansion that started in June 2009 will last at least until December 2027, an unprecedented 222 consecutive months of growth. This has never happened before...

S&P Futs Near All Time High On Strong Euro Data; Oil Drops On Trump's SPR Sale Plans

S&P futures rose alongside European stocks as Asian shares posted modest declines. The euro set a new six-month high and European bourses rose as PMI data from Germany and France signaled that the ECB will have to tighten soon as Europe's recovery remains on track, with the German Ifo business confidence printing at the highest level on record, and hinting at a GDP print in the 5% range.

How Russia Became "Our Adversary" Again

"Post-Cold War Russia finally experienced too much brazen humiliation and betrayal at the hands of the U.S.-led West...and marshaled enough of still-intact natural and military resources and patriotic to challenge the American Empire’s hubristic claim to the right to rule Eurasia with impunity. 'What we say goes' hit a new wall of Russian dignity and power."

John Podesta Unloads On "Absolutely Crazy, Unfit" Trump

John Podesta, Hillary's former campaign manager and the target of one of the most devastating/embarrassing political email leaks of all time, sat down with Politico for a one-hour interview which served primarily to confirm that he's still a sore loser who has simply not come to terms with the fact that he backed a flawed candidate in 2016.

Sinkhole Opens In Front Of Mar-a-Lago, Jokes Pour In

With Trump traveling half-way around the globe, on Monday an amusing "event of nature" took place at the president's favorite "ground zero", when a sinkhole opened up in front of Trump’s Mar-a-Lago resort.