Stephen Roach is worried that the Fed has set the world up for another financial market meltdown. 

Lower for longer rates and the proliferation of unconventional monetary policy have created “a breeding ground for asset bubbles, credit bubbles, and all-too frequent crises, so the Fed is really a part of the problem of financial instability rather than trying to provide a sense of calm in an otherwise unstable world,” Roach told Bloomberg TV in an interview conducted a little over a week ago. 

So while this holiday season the nation is obsessed with the latest Donald Trump insult and the special effects of Star Wars, may we bring in the new year truly striking back at the injustices of the empire. May the force be with the grassroots activists trying to build a more peaceful world.

The two problems I see preventing Bernie from being elected to the U.S. Presidency are: 1) Even now not enough people know about him; 2) the mainstream media will be doing him no favors. I suppose I should note a third problem--directly connected to the above and perhaps the largest one we need to work around--Big Money is not behind him.

Presented with no comment...

Source: Townhall.com

The impromptu Christmas truce of 1914 was a rare moment when human solidarity overrode the demands of hatred and war, when the guns fell silent over the Western Front of World War I and enemies became briefly friends, as Michael Winship recalls. By Michael Winship Last Friday night, I went to a small off-Broadway theater…