Politics

Mark Yusko, CIO of Morgan Creek Capital Management, is unafraid to say it how it is. Recall in May, his keynote address warned:

It just got serious.

With Trump buried in domestic scandals, it was virtually certain that in the handful of days left before Congress takes its summer recess, there was zero chance that either Obamacare repeal or Trump's tax plan could make any headway in the Senate, prompting many to ask if the Senate would cancel or at least delay its summer break.

When we discussed the latest sequel in the NYT story involving Donald Trump Jr and the Russian attorney who allegedly, but not really, had damaging information about Hillary Clinton, and who was supposedly working for the Russian government, although both she and the Kremlin deny this, we said that "in short, the situation could be resolved quickly and effectively once the Goldstone's email is presented."

When Obama announced the expulsion of 35 Russian diplomats and the seizure of Russian diplomatic compounds in Maryland last December, in response to alleged Russian interference in the election, Putin just smiled and said Russia would not retaliate, expecting that relations between Russia and the US would normalize under president Trump.

The U.S. successfully test fired a THAAD anti-ballistic missile system on Tuesday from Alaska that intercepted a target missile launched from an Air Force Cargo plane north of Hawaii, Fox news reported. The drill, which was scheduled in June, comes a week after North Korea successfully test-launched an intermediate, not intercontinental as it previously claimed, range ballistic missile capable of hitting Alaska. This was the 14th consecutive successful test of the THAAD, which has had a perfect record on each of the previous 13 intercepts.