Business

It's amazing, but nearly a year into the Trump campaign the pundits still don't get it: the louder established members of the broken, crony capitalist status quo rail against Trump, the higher his popularity. And there are few more entrenched crony capitalists than the partner of Barack Obama's "tax advisor", the person who singlehandedly crushed the Keystone XL pipeline project so it would generate more profits for his oil trains, Hillary's number one supporter (perhaps tied with Lloyd Blankfein), Warren Buffet's sidekick Charlie Munger.

Having seen what monetary-policy failure looks like in Japan.. and in the US, we now turn our attention to the world. Amid NIRP temptations, growth fears, and faltering faith in central banker control, market-implied inflation expectations have collapsed to record lows. Worse still, even The Fed's own survey of consumer's inflation expectations has slumped to record lows.

Inflation expectations are collapsing... (US and Europe at record lows - worse than the lows in the middle of the last crisis)...

Submitted by Jeffrey Snider via Alhambra Investment Partners,

Is this what they call a "trust fall"?

Submitted by Lance Roberts via RealInvestmentAdvice.com,

In this past weekend’s newsletter, I discussed the formation of a very important “head and shoulders” topping pattern in the market.

I know…I know. As soon as I wrote that I could almost hear the cries of the “perma-bull” crowd exclaiming “how many times have we heard that before.”