S&P futures are little changed as the Fed begins its two-day FOMC meeting pushing the VIX below 10, down 1.3% and falling for the 7th day; European shares are lower as is the dollar while Japanese stocks soar on the back of a tumbling yen as a snap election in Japan now appears imminent. Despite the cautious action ahead of the Fed, the The MSCI All-Country World Index rose 0.1% to a new record high.
Submitted by Bill Blain of Mint Partners
Blain’s Morning Porridge – September 19th 2017
“I had to phone someone so I picked on you. Hey, that far out so you heard him too..”
There is a veritable hurricane of new issues hitting the market. Like the new Ukraine deal they are being priced to sell – perhaps racing to get down before the rains come. There is the sure and certain knowledge this feeding frenzy is going to stop. With a thumping great crunch.
Authored by Mike Shedlock via MishTalk.com,
Facebook founder Mark Zuckerberg Supports Universal Basic Income.
In its basic form, universal basic income means “everyone gets a paycheck, whether they have a job or not.”
Many expect even more. They want a guaranteed “living wage”.
Useless Trials
Such schemes cannot possibly work. But that does not stop fools from trying.
Authored by Stephen Kinzer via The Boston Globe,
In a democracy, no one should be comforted to hear that generals have imposed discipline on an elected head of state. That was never supposed to happen in the United States. Now it has.
Trump’s election confirmed one thing for certain: The Deep State is real.
As Ben Garrison writes, the Deep State's dedication to removing our president from power is relentless. They will continue to work against him and if Trump backs off from any of his campaign promises, they’ll use that against him and claim victory. This is currently being done with his ambivalence on the ‘dreamers,’ which is a lefty name designed to garner sympathy for illegal aliens.