Via Monty Pelerin's World,
As the next Presidential election nears, optimism regarding candidates and political parties ebbs and flows. Voters like to believe their candidate sees the problems and will fix them. This fundamental belief drives voting. But what if it isn’t true? What if government ain’t fixable? Or can’t be changed? What then?
Government Ain’t Fixable and People Are Sensing It
A little over a month ago, conventional wisdom (and overrated pundits) said that Trump has no chance of being the republican nominee. They were all wrong, but so was the market which continued to ignore the possibility of a Trump presidency until well after the fact. And, as always happens, now is when if not the market, then certainly Goldman's clients are finally trying to catch up. As Goldman strategist David Kostin (who just one week ago warned that there is now a substantial risk of a market drop ahead of the year end), writes "Politics is now a topic in every client discussion."
Authored by Claire Bernish, Op-Ed via TheAntiMedia.org,
Trump will be the next president of the United States.
Now, before you take up arms over that statement, take a minute to carefully peruse the evidence pointing to precisely such an outcome. Because - no matter your opinions concerning the maladroit, cocksure demagogue with a fondness for describing himself in the third person - it’s almost inevitable you’ll soon be calling him President Trump.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
This past week, the big news for the market was the release of the April 27th FOMC minutes which once again suggested the Federal Reserve may be on a path to hike rates sooner rather than later. The reality is simple, with the markets hovering on critical support, a Presidential election just around the corner and no real evidence of economic recovery, the likelihood of a rate hike in June is approaching zero.
Here are some key highlights from the meeting minutes:
American media has repeatedly likened GOP presumptive nominee Donald Trump to France's far-right Front-National party leader, and frontrunner in polling for the French 2017 presidential election, Marine Le Pen and while the forthright French politician has not explicitly named a "preferable" candidate for US president, her comments today suggest it is not Hillary Clinton.