Europe

The dollar jumped the most in two weeks, pushing Treasury yields as much as 6bps higher (before easing back) with US equity indexes primed for a another record-setting day after Senate Republicans approved a reduction in the corporate tax rate as part of a sweeping overhaul, giving a boost to President Donald Trump’s stimulus plans. The key market catalyst was the US Senate passing the tax reform bill through a vote of 51 vs 49 just before 2am on Saturday morning.

Authored by Soren Kern via The Gatestone Institute,

Authored by Eric Zuesse,

The Stanford mathematician William J. Perry was a strategic nuclear advisor to U.S. President John Fitzgerald Kennedy during the Cuban Missile Crisis in 1962, and then he became U.S. Secretary of Defense under President Bill Clinton.

Authored by Tom Luongo,

The first rule of politics is feather your own nest.  President Trump’s tax cut proposal always had this in mind.

Congress has passed a bill which tinkers at the edges but leaves most of Trump’s core proposal intact.  It’s obvious to me that Trump has the political acumen of another brilliant U.S. politician, the loathsome Franklin Delano Roosevelt.

Yeah, I’m not a fan of FDR.  But I do respect his political skill in the same way I respect the way sharks hunt their prey.

After his provocative admission published earlier that he now checks "Breitbart daily and InfoWars too...