presidential election

Authored by Lynn Paramore via The Institute for New Economic Thinking,

Once again, an out-of-control industry is threatening public health on a mammoth scale

Over a 40-year career, Philadelphia attorney Daniel Berger has obtained millions in settlements for investors and consumers hurt by a rogues’ gallery of corporate wrongdoers, from Exxon to R.J. Reynolds Tobacco. But when it comes to what America’s prescription drug makers have done to drive one of the ghastliest addiction crises in the country’s history, he confesses amazement.

As Facebook COO Sherly Sandberg completes her desperate DC walk of shame in an attempt to appease Mark Warner and the rest of the Facebook-scapegoaters, she gave Axios an interview to explain (strawman) what the biggest social media platform in the world will do about the Russian menace that has Made America Divided Again (allegedly)...

Sandberg said she had "very productive" meetings yesterday with congressional leaders investigating Russian efforts to use social media to meddle with the 2016 U.S. presidential election.

House Intelligence Committee Chairman Devin Nunes has been repeatedly stymied in his efforts to compel the FBI to turn over documents that would help him ascertain how much of the Trump dossier has been verified by the intelligence community, and what role that information played in launching the DOJ’s investigation into possible collusion between the Trump campaign and the Russian government.  

Authored by Raul Ilargi Meijer via The Automatic Earth blog,

According to Hyman Minsky, economic stability is not only inevitably followed by instability, it inevitably creates it. Complacent humans being what they are. If he’s right, and would anyone dare doubt it, we’re in for that mushroom cloud on the financial horizon. We know that because market volatility, as measured for instance by the VIX, the Chicago Board Options Exchange (CBOE)’s volatility index, is scraping the depths of the Mariana trench.

Authored by Lance Roberts via RealInvestmentAdvice.com,

Melt-Up Gains Traction

Back in November, just following the election of President Trump, I wrote about the market entering into potentially the final “melt-up” phase of the cyclical bull market.