Trump administration

One of the biggest open questions troubling Wall Street traders (and everyone else) in addition to which of his close allies (and in the case of Mitt Romney, not so close) will the president-elect pick to staff the most important political posts in the new administration, is what are the details of Donald Trump's economic plan, especially as it involves the Fed, Trade, and the future of US national debt.

The dangers many are now predicting under the Trump administration did not start on November 8. The near-unrestrained executive power claimed by the Obama administration, and issues left unresolved from the Bush administration, will be handed to the president-elect. Here’s what that means.

Torture

Obama did not prosecute or discipline anyone for torturing people on behalf of the people of the United States.

In light of expectations that the Trump fiscal stimulus plan will unleash a new Golden Age for the US economy, driven in part by the repatriation of hundreds of billions in funds held offshore, yesterday we showed a disturbing analysis from Citigroup according to which the bank's share-shrinker portfolio has soared relative to the S&P following the US election. The implication was clear: as fas as the market is concerned, much if not all of the capital repatriated from overseas will be promptly returned to shareholders, and maybe much of the corporate tax cut as well.