Over six years after Dodd-Frank was signed into law, it is clear that the only ones who benefited from the Durbin Amendment have been big box chains like Wal-Mart and Home Depot. It cost consumers, on the other hand, literally billions of dollars a year. With Donald Trump taking office this month, and with all signs pointing to Dodd-Frank changes on the horizon, eliminating the Durbin Amendment should be a top priority.
We delve into some of the valuations of the momentum stocks used to run up indexes in the pursuit of the Tech All-Time Highs/ DOW 20,000 Hysteria, and think the best days are behind all these Tech Stocks.
As Trump readies to meet with the Director of National Intelligence James Clapper, CIA Director John Brennan and FBI Director James Comey later this afternoon for his "intelligence" briefing on "Russian Hackers," the question remains whether this meeting will finally provide some definitive, tangible evidence or just more propaganda? We have a guess, how about you?
– Gold gains in USD, GBP, EUR, CAD, AUD, NZD, JPY – Gold gains in CNY, INR & most emerging market currencies – Gold surges 31.5% in British pounds after Brexit shock – Gold acted as hedge and safe haven in 2016 … for those who need safe haven
Update: Police have charged the four suspects with battery and hate crimes (though we note no specific allegation of race-related hate) after the kidnap and abuse of a mentally-ill white teen. Despite the suspects shouting "f*** Donald Trump" and "f*** white people" Chicago police said today that they do not believe the attack was motivated by race, more likely due to his "special needs."