America

The US dollar is having its worst start to a year in decades...

As the Trump Administration is breaking from a long-standing, bipartisan policy of supporting a strong dollar, the greenback has fallen against its peers by 2.7%, the worst start to a year since 1987, after Ronald Reagan engineered a decline in the dollar to combat a flood of Japanese imports.

Finally, remember, nothing lasts forever...

Source: The Burning Platform

Submitted by Raul Ilargi Meijer via The Automatic Earth blog,

America, meet The Gender Recognition Act of 2017, a.k.a SB 179, a new little piece of California legislation, drafted by two Democratic State Senators, that corrects the widely accepted, if quite oppressive and ancient, notion that only two genders exist for the human race.  How have we lived this ridiculous lie for so long?  

Via The Economic Innovation Group,

It may come as a surprise that Americans are less likely to start a business, move to another region of the country, or switch jobs now than at any time in recent memory. But dynamism is in retreat nationwide and in nearly every measurable respect.

Having decided to actively increase its risk exposure over the past few years, including venturing into high beta stocks and junk bonds - a gamble that has lead to a big jump in quarterly volatility not to mention significant downside risk should global markets suffer a crash - Japan's Government Pension Investment Fund, or GPIF, the world's largest pension fund, has decided to invest in US infrastructure projects next.