Submitted by Daniel Drew via Dark-Bid.com,
Breaking the zero bound has become a rite of passage in the post-2008 world. As Mark Jeftovic noted, "Once a financial market hits the zero bound in interest rates, it's like crossing the event horizon of a black hole - there is no going back." Indeed, the number of government bonds trading at negative yields increases every day.
Contrary to wishful thinking, the results of Iowa and New Hampshire only confirm the same stark reality that has haunted the Republican nomination process from the beginning: Party rules are a tragic accident waiting to happen.
I spent election night in New Hampshire with the Kasich campaign. Obviously this was an important night for the country, with more decisive victories than I had anticipated for Donald Trump and Bernie Sanders. Taken together, their wins signal a dramatic rejection of neoliberalism and neoconservatism, the shared ideology of the current American establishment.
The morning of the New Hampshire primary, Donald Trump, being interviewed on “Morning Joe,” said that he would welcome his “friend” Michael Bloomberg into the presidential race.
Which is probably the understatement of 2016.
The three-term mayor of New York and media mogul whose fortune is estimated at $39 billion, making him one of the richest men on earth, told the Financial Times on Monday he is considering a run.
When last we checked in on the “most hated man in America”, Martin Shkreli had just taken a $40 million hit on his E*Trade account.
That’s a problem for two reasons. For one thing, the account only had $45 million in it in the first place. For another, it was used to secure a $5 million bail bond after federal agents arrested everyone’s favorite pharma “bro” in December.