Authored by David Hay, via EvergreenGavekal.com,
"Low interest rates cause secular stagnation: they do not cure it.” -CHARLES GAVE
“Negative interest rates are the dumbest idea ever.” -JEFF GUNDLACH, the new “King of Bonds”
“Laugh but listen.” -WINSTON CHURCHILL, addressing the British House of Commons, warning it once again of the rising threat posed by Nazi Germany, to derisive laughter.
Exceprted from One River Asset Management's Eric Peters,
“We have created new tools to determine whether an economy may be pursuing foreign exchange policies that could give it an unfair competitive advantage against the United States,” announced the Treasury, late Friday.
“China, Japan, Germany, and Korea will be closely monitored as a result of a material current account surplus combined with a significant bilateral trade surplus with the United States."
What’s the matter with California? I was shocked last week to see the Latino mob riot outside a Donald Trump rally in Orange County, destroying a police car. Excerpt from the LA Times:
“I’m protesting because I want equal rights for everybody, and I want peaceful protest,” said 19-year-old Daniel Lujan, one of hundreds in a crowd that appeared to be mostly Latinos in their late teens and 20s.
“I knew this was going to happen,” Lujan added. “It was going to be a riot. He deserves what he gets.”
Heidi Cruz dropped a bombshell during an Indiana campaign trail on Saturday, saying that her husband Senator Ted Cruz “is an immigrant”. “Ted is an immigrant. He is Hispanic,” Heidi Cruz said of her husband, an American citizen who renounced his Canadian citizenship even though he was born north of the American border. “He can unify this party.” “We have libertarians joining our cause. I have people every day from the Democrat Party telling me that they re-registered to vote for Ted as a Republican.