Following a weak 30Y auction, headlines struck that special prosecutor Robert Mueller is said to have "red hot" focus on social media with Bloomberg reporting his team probing Russia-backed fake news on social media. The instant reaction was dollar weakness and gold strength.
This just continues the narrative started last week with Facebook admitting collusion with Russian operatives...
Authored by David Stockman via DailyReckoning.com,
Maybe the Democrats did win the 2016 election. Or at least the the Deep State and its accomplices among the beltway political class, K-Street lobbies and the media did.
Many of the 2017 economic headwinds I’ve described will hit during the Ides of March, just as the Trump stock-market Rally shows signs of topping out. This might not be the Great Epocalypse — not all at once anyway — but a large and likely correction is looming. I think the bear is about to be let out of his cage.
The House of Representatives passed legislation on Wednesday giving Congress the power to kill so-called "midnight rules", months of recently enacted Obama administration regulations with just one vote, as Republicans charged ahead on their campaign to strip down federal regulations.
As reported on Friday afternoon, ahead of Dilma Rousseff's impeachment vote to be held in Brazil's Congress later today, a critical threshold was passed when, according to local Folha newspaper, more than the required 342 votes had been gathered.