America

Authored by Kevin Muir via The Macro Tourist blog,

There has been a whole lot of ink spilled on the reason for the Fed’s recent break from data dependence. Many pundits believe the Federal Reserve’s hawkish guidance, even in the face of low inflation readings, is a partisan attempt by Yellen & Co. to derail the weak recovery. I don’t buy that argument. To think the FOMC board would leave rates easy for Obama or Hillary, but raise them for Trump is just foolish. The Fed might be incompetent, but they aren’t so blatantly biased.

(Warning: anyone more comfortable in an echo chamber should run to his or her safe space now)

• Italian Bank Deal Raises Questions About Eurozone Rules (WSJ)
• UK PM May strikes $1.3 billion deal to get Northern Irish DUP support for her government (Reuters)
• Nestle Targeted by Dan Loeb in Activist’s Biggest-Ever Bet (BBG)
• Nestle 'committed' to strategy as activist investor moves in (Reuters)
• Troubled Air-Bag Maker Takata Files for Bankruptcy (WSJ)
• Merkel’s Election Opponent Slams Her for Being Too Nice to Trump (BBG)
• Berlusconi Stages Comeback to Frontline Politics (BBG)

Submitted by Michael Brenner,

So many of you are triggered to the point of feverish insanity. What sort of subhuman will you become when Trump is vindicated from all Russian collusion claims and the DOJ starts tossing faggots into dank prison cells for ginning up fake intelligence reports to take down a President?