Politics

By Mark Cudmore, a former FX trader who writes for Bloomberg

Mnuchin’s Dose of Reality Yet to Bite

Steven Mnuchin’s dose of reality for investors in relation to the fiscal stimulus has triggered a disinflationary theme to markets that will impact many assets classes.

Yesterday, I wrote that Trump’s speech to congress on Tuesday may mark a capitulation point for reflation trades. It appears that Mnuchin has tried to pre-empt him.

As French voters look set to make a massive swing to the right in their upcoming presidential election (see our notes on the topic here and here), a group of frightened liberal protesters have decided to back a relatively surprising, if impossible, presidential candidate in 2017, Barack Obama. 

And, lest you thing this is a joke, a quick walk around Paris even reveals campaign posters for "Obama17" plastered all around the city.

President Trump has announced a federal investigation into the Pizzagate elite pedophile scandal involving human trafficking on Tuesday and promised to help put an end to the “horrific, really horrific crimes taking place.” The president held a short, dramatic press conference after meeting with human trafficking experts to announce that he will direct “the Department of Justice, the Department of Homeland Security and other federal agencies” to devote more resources and personnel to the investigation.

A bill in Arkansas is set to strip Bill and Hillary Clinton’s names from the largest and busiest airport in the state as punishment for the duo’s sordid past. The bill makes no mention of former President Bill Clinton or former Secretary of State Hillary Clinton, for whom the Little Rock airport was re-named four years ago – as Bill and Hillary Clinton National Airport/Adams Field – but its author does not hesitate to identify its target. “You have a president who was impeached for having an affair with an intern in the Oval Office and then disbarred,” said state Sen.

The “Access Hollywood” tape that nearly ruined President Donald Trump’s election campaign was leaked by NBC News staffers working on “Access Hollywood”, it has been revealed by multiple sources inside the network. The New York Post reports that the release of the leaked tape was timed to ensure maximum damage to Trump’s campaign, proving yet again that the mainstream media were operating as the public relations arm of the Clinton campaign.