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It appears that vampire squids are quite adaptable to living inside the swamp that Trump promised to be draining.

Following the appointment of former Goldman partner Mnuchin as Treasury Secretary, NBC News reports that Goldman Sachs President and COO Gary Cohn has been selected as National Economic Council Director.

onald Trump has offered Goldman Sachs executive Gary Cohn a key economic post, which would add to the administration another veteran of the powerful firm he bashed during his campaign, sources close to Cohn told NBC News.

Rigged Markets are the Norm

Submitted by Charles Hugh-Smith via OfTwoMinds blog,

Sorry, U.S. Census Bureau, I.R.S. and St. Louis Federal Reserve - you're issuing "Russian propaganda" according to The Washington Post's shoddy "fake news" methodology.

Earlier this week, we reported that according to the FT, a suddenly empowered Rome was demanding that the ECB give it more time to rescue Italy's Monte Paschi show private bailout effort has effectively failed. What is surprising is that Italy was "preparing to blame the bank for losses imposed on bondholders if Rome is forced into an urgent state bailout", a negotiating tactic we dubbed at the time blackmail.

ECB 'Bazooka' Extended - Will Buy EUR 60 Billion Per Month Until At Least December 2017

The ECB's 'Bazooka' is back and ‘Super Mario’, the European Central Bank’s monetary magician did not disappoint QE addicted markets yesterday by extending ultra loose monetary policies and quantitative easing until at least December 2017.