Submitted by Jim Quinn via The Burning Platform blog,
In Part One of this article I documented the populist administration of Andrew Jackson and similarities to Donald Trump’s populist victory in the recent election. I’ll now try to assess the chances of a Trump presidency accomplishing its populist agenda.
The Trumpian Era
Nine months after FOSL stock plunged by 25%, after reporting abysmal Q1 results and even worse guidance, moments ago the watchmaker behind brands such as Skagen and Burberry reported another ugly quarter, which confirmed that the prevailing retail weakness continues.
Janet Yellen continues to demonstrate that she is either profoundly ignorant or dishonest. Neither of those are positive qualities for a Fed Chair.
Having maintained interest rates at essentially ZERO for seven years during the Obama years, Yellen suddenly believes it would be “unwise” to wait too long to raise rates now.
It’s a bizarre claim, particularly when you consider:
1) The US economy is limping along at best and entering a recession at worse (2016 GDP growth was a measly 1.9% and a the latest spate of data has all suggested a contraction is underway).
Western Interests Aim To Flummox Russia
Paul Craig Roberts and Michael Hudson
An article by Robert Berke in oilprice.com, which describes itself as “The No. 1 Source for Oil & Energy News,” illustrates how interest groups control outcomes by how they shape policy choices.
Less than a month into the new administration, President Trump security team has been plunged into "turmoil" following last night's unexpected resignation announcement by his now former National Security Advisor Mike Flynn. In some additional back story color, Flynn reportedly infuriated VP Pence by misleading him about the call, then not fully apologizing, the NYT reported and also added that Steve Bannon pushed for his resignation since Friday.