Over the past two days there have been some rather substantial developments in Special Counsel Mueller's investigation into alleged ties between President Trump and the Kremlin. First came the news yesterday that Mueller planned to expand his probe to review Trump's personal business transactions, an announcement which sent stocks tumbling on the day (see: Mueller Expands Probe Into Trump Business Transactions: Dollar Tumbles, Stocks Slammed). Meanwhile, just this morning we learn that the Trump legal team has been shaken up with Kasowitz out (not terribly surprising after his recent emai
Central Bankers are absolutely terrified.
In the last month, both Fed President Janet Yellen and ECB President Mario Draghi have issued somewhat hawkish statements, only to turn around within 48 hours and walk back their comments.
Again, two of the most powerful Central Bankers in the world couldn’t even last three days being hawks.
First was ECB President Mario Draghi, with claims that the ECB was considering gradually removing its stimulus programs.
European markets dived in response to this.
Authored by Charles Hugh Smith via OfTwoMinds blog,
Lies, half-truths and cover-ups are all manifestations of fatal weakness.
When we can no longer tell the truth because the truth will bring the whole rotten, fragile status quo down in a heap of broken promises and lies, we've reached the perfection of dysfunction.
For more than 20 years, the German auto industry has been operating like a cartel, according to a new "bombshell" report, which has sent the shares of Germany's biggest automakers reeling.
Back in May, we pointed out an interesting observation made by Goldman: unlike late 2015 and most of 2016, when equities demonstrated surprising resilience to the swoon in oil prices, in 2017 OPEC's failure to stabilize oil prices finally hit energy equities disproportionately. As Goldman said in mid-May, discussing the latest crude oil selloff, which has been "even more pronounced for longer-dated contracts reflecting increasing concerns over future balances in 2018 and beyond"...