With former Goldmanites, Bannon, Mnuchin, Cohn, Powell, and now Donovan among Trump's 'drain the swamp' team, and a month after Democrats asked if the giant squid effectively runs the country through its extensive alumni links at the administration, Goldman Sachs penned a defense of 'Government Sachs' in its annual report today.
After claims by both democrats and republicans that Trump's "skinny" budget proposal is dead on arrival, Trump's nemesis, John McCain chimed in and said that in its current form the Trump budget simply won't pass the Senate. “It is clear that this budget proposed today cannot pass the Senate," the Armed Services Committee chairman said in a statement.
Loose Cannon
By
Cognitive Dissonance
Back in the days of sword and sail, warships mounted heavy cannon on their decks in such a way as to maximize their range of fire. Out of necessity, this meant the cannon were not permanently fixed in place and needed to be properly lashed to the deck during high seas or violent maneuvers. The cannon, cast from iron, were extremely heavy weapons of war and wrought great death and destruction if they ever broke free from their restraints and got loose on deck.
One of Janet Yellen's stated reasons behind the Fed's rate hike has been to reward savers with a slightly higher rate of interest on their deposits: after all, for nearly a decade the interest collected by depositors across US banks, with a few exceptions, has been 0.0% or thereabout.
From Nuisance to Threat: The High Cost of Truth
Paul Craig Roberts
When one gives so much scarce time and energy from one’s life to a large and unknown public, one needs to know that it is sufficiently appreciated to be a worthwhile use of one’s time and energy. This is especially the case when there are large costs associated with the commitment.
Your response to my quarterly request for donations showed me that enough of you value what I am doing to justify its continuation.