Over the weekend, Morgan Stanley reminded its clients that the biggest threat facing markets over the coming weeks is the “three-headed policy monster” inside Washington: raising the debt ceiling, passing a budget and embarking on tax reform. As MS cross-asset strategist Andrew Sheets noted, "none are easy, but we see the debt ceiling as the most immediate test."
How We Know The So-Called “Civil War” Was Not Over Slavery
Paul Craig Roberts
When I read Professor Thomas DiLorenzo’s article ( http://www.paulcraigroberts.org/2017/08/21/lincoln-myth-ideological-cornerstone-america-empire/ ) the question that lept to mind was, “How come the South is said to have fought for slavery when the North wasn’t fighting against slavery?”
With two weeks left until "What Happened,” Hillary Clinton’s post-campaign memoir, is slated to hit the shelves, excerpts from the book are starting to leak. And, in order to build the pre-launch buzz, the first chapters to emerge focus not on the mistakes Clinton made during the campaign, but target the man who some believe stole her presidency with the help of the Russian government.
What We Learned From Charlottesville
Paul Craig Roberts
We learned, although we already knew it, that the US media has no integrity.
We learned that the liberal/progressive/left holds fast to myths that justify hate.
We learned that misrepresentation is the hallmark of American history.
We learned that some websites that we thought were brave are not.
Stocks are rapidly erasing yesterday's "making strides on taxes" gains as Trump's government shutdown threats remind investors just how fragile this whole facade is. The 'risk-off' trade is evident everywhere with Treasury and Bund yields tumbling, gold up, and USDJPY sliding.
Bond yields are tumbling - erasing all of yesterday's losses - Gold is back at yesterday's highs, and the dollar is leaking lower...