Authored by Paul Craig Roberts,
What do we make of Trump’s national security speech?
First of all, it is the military/security complex’s speech, and it is inconsistent with Trump’s intention of normalizing relations with Russia.
Authored by Gail Tverberg via Our Finite World blog,
Economists, including Ben Bernanke, give all kinds of reasons for the Great Depression of the 1930s. But what if the real reason for the Great Depression was an energy crisis?
Authored by Patrick Buchanan via Buchanan.org,
In the run-up to Christmas, President Donald Trump has been the beneficiary of some surprisingly good news and glad tidings.
Sunday, Vladimir Putin called to thank him and the CIA for providing Russia critical information that helped abort an ISIS plot to massacre visitors to Kazan Cathedral in St. Petersburg.
Monday found polls showing Trump at his highest in months.
Authored by Alberto Gallo via Algebris Investments,
“Your loving give me such a thrillBut your love don’t pay my billsNow give me moneyThat’s what I want”Money – Barrett Strong, 1959
Ten long years after the crisis, volatility and fear seem to have disappeared from financial markets. A synchronous global expansion coupled with persistently loose monetary policy has produced a goldilocks environment for all assets. Will it work for another year?
Authored Doug Kass of Seabreeze Partners Management,
"The missing step in the standard Keynesian theory [is] the explicit consideration of capitalist finance within a cyclical and speculative context . . . finance sets the pace for the economy. As recovery approaches full employment . . . soothsayers will proclaim that the business cycle has been banished [and] debts can be taken on . . . But in truth neither the boom, nor the debt deflation... and certainly not a recovery can go on forever. Each state nurtures forces that lead to its own destruction. "