Every year for the past four, Goldman started off the year with an undauntedly optimism and a bullish forecast, one which usually involved a material increase to GDP expectations and, just as importantly, rising 10Y bond yields. And every year for the past four, it took Goldman a few months before it was forced to trim both its GDP forecast and cut its expectations where the 10Y would end the year.

I want to endorse the bulk of this Ross Douthat blog post about how even people who hate the status quo need to recognize how Donald Trump could make things much worse:

I would invite the Trump-curious to think about the two signal crises of the Bush years, 9/11 and the financial crisis, and imagine each one with Donald Trump installed as president of the United States.

One week ago, when SolarCity was trading around $30, prompted by Jim Chanos' bearish take on the company we wrote a piece asking if "SolarCity is the next SunEdison" in which we presented the Full Bear case as noted by Axiom's Gordon Johnson, who incidentally had the only "sell" rating on the company ahead of last night's earnings debacle (at which point there were also 12 Buys and 9 Holds), which has resulted in the company plunging 25% overnight, and is about 40% lower than when we first prompted readers to pay attention to Elon Musk's solar venture.

You might recall from a few months ago my linking to this great essay about “A Message From Trump’s America” by Michael Cooper, a liberal Democrat and a lawyer in rural North Carolina. Excerpt:

My Republican friends are for Trump. My state representative is for Trump. People who haven’t voted in years are for Trump. He’ll win the primary here on March 15 and he will carry this county in the general.

Republican presidential hopeful Donald Trump says that he is very happy to see Sadiq Khan elected as the first Muslim Mayor of London.  The Donald – who used to be judge on the TV reality show The Apprentice before running for president – is willing to make an exception to his ban on Muslims entering the United States in regards to the new Mayor If Sadiq Khan does a good job as mayor then it would be a “very very good thing,” says Trump. Sadiq Khan hopes to travel to the U.S. one day to meet with his American counterparts without having to face any prejudices over his faith.