Authored bvy Daniel Nevins via FFWiley.com,
As reported earlier this morning by the Wall Street Journal, President Trump and Treasury Secretary Mnuchin met with Kevin Warsh yesterday to discuss the potential vacancy at the Fed next February.
Warsh already has central banking experience, having sat on the Federal Open Market Committee (FOMC) from February 2006 until March 2011.
Authored by Jim Quinn via The Burning Platform blog,
“The best way to teach your kids about taxes is by eating 30% of their ice cream.” – Bill Murray
Authored by Lance Roberts via RealInvestmentAdvice.com,
On Wednesday, the President announced his plan to cut taxes for Americans, return jobs to America and return the country to economic prosperity.
It’s a tall order to fill, and the proposed tax reform is a “Christmas Wish List” that will have to checked twice to determine which parts are “naughty” and “nice.”
As I pointed out yesterday,
It has now been 318 trading days since the S&P 500 suffered a 5% drawdown - the 4th-longest streak since 1928... So everything is awesome...
Via Global Macro Monitor,
What’s The Matter Kansas inflation?
The divergence of official inflation as measured by the government versus inflation realized by the consumer and businesses has never been greater, in our opinion. Go ask anybody on the street in America and Europe if think “doing life or business” is getting more expensive.
We have some thoughts on what is the matter with the inflation data: