Submitted by David Galland via The Passing Parade
One of the more interesting mental exercises related to predicting the future involves trying to fathom the impact the rise of robots will have on humanity.
We can be quite sure that in the proverbial blink, robots will be doing all the war fighting. After that, what’s the point? But does that then lead to the sort of robotic apocalypse so well envisioned in Terminator?
After an outstanding start to the year for Equity hedge funds, this most recent gap move higher in stocks (while rates and FX remain firmly ‘in range’) is pretty-much exactly what RBC's Charlie McElligott warned is a "bad scenario" for equities funds.
On the surface, today's monthly budget statement showed good news: in January the US Treasury brought in total receipts of $344 billion, versus outlays of only $293 billion, resulting in a surplus of $51 billion, substantially greater than the $40 billion expected (and well above last year's $28 billion deficit), a surplus which however was largely due to a law requiring the IRS to delay sending out tax refund checks to household claiming certain tax credits.
Millions are celebrating the 38th anniversary of the 1979 Islamic Revolution in Iran that toppled the Pahlavi dynasty. The celebrations are marked this year by tense relations with the US. Hundreds of thousands took to the streets of the capital Tehran on Friday. Some Iranians denounced US President Donald Trump’s recent statements regarding the Muslim state, while others thanked the United States for supporting Muslims.
Via The Daily Bell
Donald Trump signs executive order giving police more powers … The President has signed three orders to tackle ‘public safety’ moments after he swore in Jeff Sessions as Attorney General. -UK Independent
We were not aware that Donald Trump ran on a law and order platform. We know he wanted more checks and balances on immigration but that is a lot different that generally insisting on more law enforcement.