Europe

Donald Trump is good for the markets, and good for the US Dollar.  Donald Trump - is net positive for FX.  The reason why, is very simple.  Readers of Splitting Pennies would have come to this conclusion on their own.  Love or hate Trump, he's not a politician.  Some say, he's worse than a politician.  But he's not a career politician.  The Dud-Fag act (The Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111–203, H.R. 4173; commonly referred to as Dud-Fag) put a choke hold on the budding FX market in USA.

Submitted by Martin Armstrong via ArmstrongEconomics.com,

This is what happens when politicians think they are smarter than the great unwashed whom they rule over.

While Obama was in Hiroshima in a historic trip as the first standing president of the only nation to have ever used a nuclear weapon during wartime, and warning about the dangers of nuclear power without offering an apology to Japan, Russian president Putin was in Greece seeking to resume where he left off one year ago, ahead of the turbulent Greece "referendum" and capital controls, following which the Greek people have turned increasingly against remaining in the Eurogroup, a shift Putin certainly hopes to capitalize on.

Tsipras commented on twitter:

As Our Past Wars Are Glorified This Memorial Day Weekend, Give Some Thought To Our Prospects Against The Russians And Chinese In World War III

Paul Craig Roberts

OK, let’s look at the this week’s identity freakshow: people who think they are animals. The Guardian brings us news of the “pups” subculture. Excerpts:

It’s easy to laugh at a grown man in a rubber dog suit chewing on a squeaky toy. Maybe too easy, in fact, because to laugh is to dismiss it, denigrate it – ignore the fact that many of us have found comfort and joy in pretending to be animals at some point in our lives.