Business

Authored by Daniel Lang via SHTFplan.com,

As time goes on, it’s becoming abundantly clear that Trump isn’t going to be able to prevent a major financial crisis in this country. Depending on your beliefs, that’s either because he’s inept in some way, or because he’s being hamstrung by a political system that’s determined to keep our nation on the same unsustainable path. Whatever the case may be, it seems that there is no way that we can change course at this point. We’re headed for a financial crisis, and it’s going to happen sooner rather than later.

That SocGen's Andrew Lapthorne has long held a cynical view of the stock market's relentless grind higher, similar to that of his colleague Albert Edwards, is not a secret: he made as much clear in the first sentence of his latest note to client "time to sell equities to buy bonds?" in which he said that "to the apparent surprise of many, last week the S&P 500 actually fell, losing 1.82% on Wednesday alone, the worst daily return since September last year.

More details from President Donald Trump’s first budget proposal are trickling out via a flurry of overnight reports from The Washington Post, Associated Press and Bloomberg News.

Here are some of the highlights from the latest batch of trial balloons:

Authored by Haley Zaremba via OilPrice.com,

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. As Saudi Arabia announces plans to slash production and move their economy away from oil dependency, many industry insiders are predicting that the now over-saturated market will reach an equilibrium with higher commodity prices by 2018 and U.S. shale production will continue to grow along with global demand.

The US Dollar (CURRENCY:USD) has shown strength versus the Euro (CURRENCY:EUR) since 2008, with the “meat” of that strength coming in the last 3 to 4 years. This strength worked as a headwind for precious metals, emerging markets, and at times, the domestic economy.

But that market dynamic is at a crossroads… and may be nearing a turning point.