Perhaps reports of the Trumpflation rally's death have been somewhat exaggerated in the past few days. After RBC pointed out yesterday that equity generalists are "increasingly uncomfortable with reflation trades", this morning we have seen the latest violent inversion in this theme.
According to a new Reuters / Ipsos poll, a record number of disaffected, Hillary-supporting Californians now support secession from the United States because they're just so "triggered" by Trump's victory. If successful, California would become the single largest "safe space" in the world.
Per the poll, 1 in every 3 Californians now support a "peaceful withdrawal from the union," which is a substantial increase from the 20% who favored such a withdrawal the last time a similar poll was conducted in 2014.
China is wasting no time to project power in a world in which it believes Donald Trump's "America First" doctrine has created a "superpower vacuum."
One day after a senior Chinese diplomat said on Monday that Beijing is prepared to "assume a role of world leadership if others step back from that position" after U.S. President Donald Trump pledged in his first speech to put “America first”, Beijing has reportedly deployed an advanced Dongfeng-41 ICBM system in Heilongjiang Province, which borders with Russia.
Submitted by Charles Hugh-Smith via OfTwoMinds blog,
Meanwhile, back in reality, household income for the bottom 95% has declined while the owners of capital and their privileged, protected servants in the Establishment have gorged themselves on private wealth.
It is just day two of his presidency, and already Trump is taking a sledgehammer to the Obama legacy: in his latest move reported moments ago by Bloomberg, president Trump intends to sign two executive actions today that would advance construction of the controversial Keystone XL and Dakota Access pipelines, putting a spoke, so to say, in the train wheels of Warren Buffett's train-based oil transportation quasi-monopoly.