With both JPM and Goldman having warned for months that the market is far too sanguine about the implementation (and effectiveness) of Trump's proposed domestic fiscal policies, Friday's events were a rude awakening for some, and framed how contentious the passage of any stimulus measures by the new president - one who as the WSJ writes this morning is realizing he misses a governing coalition - will be.
Authored by Chris Martenson via PeakProsperity.com,
Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today's markets are dangerously overpriced.
A senior US military commander has warned that North Korea are now capable of striking Alaska with nuclear missiles and has urged the government to increase military spending in the state. Speaking before Congress’ Joint Armed [...]
In China's latest effort to control capital flight, authorities have banned Chinese citizens from buying property in Hong Kong using their credit cards.The use of Chinese credit cards to pay for a portion of property transactions is widespread in Hong Kong.
By the SRSrocco Report,
There will be very few assets worth owning when the "Energy Collapse" begins in earnest. Precious metals will be one of the few assets that will protect wealth as the U.S. and global oil industry disintegrates.