Well - for now - that was an anti-climax...
But the market seems unimpresed by the 'news'
And even "high tax" names are underperforming...
With the feud between the White House and FBI growing bigger by the day, you know...in light of FBI Agent Peter Strzok's efforts to collude with Deputy Director Andrew McCabe to institute an "insurance policy" intended to make sure Trump would never win in 2016, no one had any idea what to expect when Trump took the stage earlier this morning to address graduates of the FBI National Academy in Quantico, VA.
For the first time since 2006, Greek 10Y sovereign bond yields have plunged below 4.00%.
The last few weeks have seen a veritable rush to grab that yield as GGBs plunged from 5.50% on Dec 4th to 3.98% today!!
Of course, this 'signal' from the bond market is being heralded as proof that the worst is over and everything is awesome in Greece again - hooray.
It's Not!
Authored by Carey Wedler via TheAntiMedia.org,
Norway is the latest country to move toward decriminalizing drugs and promoting addiction treatment rather than punishing addicts.
This week, a majority of members of the Norwegian parliament directed the national government to reform its policies.
“The majority in the parliament has asked the government to prepare for reform,” a spokesperson for the Storting, the Norwegian legislature, told Newsweek.
Authored by Chris Hamilton via Econimica blog,
Just three charts putting things in perspective...
Chart #1: three periods and four variables (total US energy consumption, 25-54yr/old US employees, federal debt, and federal funds rate %:
1950 to 1975
1975 to 2000