First Deutsche Bank, now Credit Suisse: according to Bloomberg, the second largest Swiss bank, is also preparing to take advantage of euphoric markets and is considering selling stock valued at more than 3 billion Swiss francs ($3 billion) as it seeks to boost capital levels. The news sent the stock sliding.
The Ides of March looks like the perfect storm just as the Trump Rally shows signs of tiredness. The debt-ceiling bomb, the Fed's next interest hike, and Dutch elections that could lead to Nexit all hit on March 15 just as oil prices are plunging again.
"Watch the liberals. Listen to what they say, because their lies and their slanders are a road map to their plans for the future. Straightforward from here, given the chance, they absolutely intend to impose the kind of quasi-fascist rule they falsely accuse Trump of contemplating. But their problem is that we now recognize their lies, and we see their endgame, and the collapse of the media gatekeepers means they can no longer keep us blind and isolated. "
"This much is clear - if President Trump fails to keep his word, he’s toast. And he should be - we’ve spent decades being lied to, bamboozled, and swindled by both fork-tongued liberals and fake 'conservatives'...There’s no more slack to give; we’re done with leeway and wiggle room. The president has two choices: Keep his promises, or fail disastrously."
"Finland’s basic income experiment is unworkable, uneconomical and ultimately useless. We think it takes social policy in the wrong direction [and is] impossibly expensive, since it would increase the government deficit by about 5 percent."
We discuss the fact that average investors are making very poor investment decisions right now in financial markets because of a Federal Reserve that refuses to normalize interest rates after a decade of ZIRP.