Social Issues

Authored by Charles Hugh-Smith via OfTwoMinds blog,

Force is not the same as power. If force fails to persuade, power evaporates.

President Trump sat down with The Economist last week to talk trade, immigration, taxes, and health care and the transcript is chock-full of 'Trumpisms' that should not go unnoticed.  Here are just a few of our favorite exchanges:

On NAFTA, apparently 'big' is not an appropriate adjective to describe the renegotiation that will take place...'massive' and/or 'huge' are far better descriptors:

It sounds like you’re imagining a pretty big renegotiation of NAFTA. What would a fair NAFTA look like?

Authored by Daniel Lang via SHTFplan.com,

The Greek stock market is up 12 days in a row - the longest streak since 1999 - with its 25% gains amon the world's best in 2017 following the bailout decision.

The last time Greek stocks were this overbought was September 1999 - which was followed by a 77% decline...

Furthermore, Greek bond yields have collapsed to post-crisis lows in the last weeks as everyone and their pet rabbit is sure the bailout is a done deal..

In JPM's initial market comment this morning, reacting to the news of Comey firing, the bank said that "as far as the market is concerned, Comey’s dismissal saps Trump’s political capital and weakens relations w/Congress at the time when he is trying to move an ambitious pro-growth agenda through the Senate and House." What JPM was referring to was the potential of substantial incremental delays now facing Trump's parallel reforms, healthcare on one hand and tax reform on the other.