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Buffett Wins Again: Berkshire To Get $29 Billion Boost Under Trump Tax Plan

Buffett Wins Again: Berkshire To Get $29 Billion Boost Under Trump Tax Plan

Something curious happened as Trump was "draining the swamp" - the man who by some accounts owns the swamp, Hillary Clinton's billionaire backer Warren Buffett, may be about to get some $29 billion richer, if only on paper, thanks to Trump's tax-rate cut policies which would boost the book value of Berkshire by as much as $29 billion.

A Look At This Week's "Other" Big Event

A Look At This Week's "Other" Big Event

With the Italian referendum now in the rearview mirror, the market's attention focuses on this Thursday's second most important event, the ECB meeting on Thursday. Here the biggest question is whether, alongside the now widely expected extension of the ECB's QE which is set to mature in March 2017, and which most analysts believe will be prolonged until at least September 2017, Mario Draghi will also announce some form of tightening or tapering of QE purchases or an eventual formal ending of its asset purchases, as Reuters hinted in a trial balloon report last week.

20 Years Later, Greenspan's "Irrational Exuberance" Has Become Even More Irrational

20 Years Later, Greenspan's "Irrational Exuberance" Has Become Even More Irrational

20 years, to the day, after Greenspan's iconic speech that warned of the unintended consequences of "irrational exuberance," we find ourselves, yet again, in the midst of perhaps the largest asset bubble in history.  In fact, Greenspan's warning, previously made in a speech on Dec. 5, 1996, eerily reflects many of the same concerns surrounding the market today with low interest rates and lower risk premiums driving an unprecedented equity bubble.

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