Yesterday we joked that with the US House of Representatives set to vote for the GOP tax bill on Tuesday, markets would "price in" the same tax legislation they have been pricing in every day for the past year, all over again...
Get ready for US markets to price in tax reform all over again in just a few short hours
— zerohedge (@zerohedge) December 19, 2017
Authord by Alastair Crooke via The Strategic Culture Foundation,
Authored by David Stockman via Contra Corner blog,
There was a sinister plot to meddle in the 2016 election, after all. But it was not orchestrated from the Kremlin; it was an entirely homegrown affair conducted from the inner sanctums---the White House, DOJ, the Hoover Building and Langley----of the Imperial City.
Likewise, the perpetrators didn't speak Russian or write in the Cyrillic script. In fact, they were lifetime beltway insiders occupying the highest positions of power in the US government.
One of the traditional push backs against attempts to predict "black swan" events is that they are by default unpredictable, rendering the entire exercise moot. However, for the second year in a row, Nomura's Bilal Hafeez has found a loophole, or rather loop-animal: the grey swan.
Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity,
President Trump has often said that his foreign policy objective was to keep his enemies guessing. If that’s the goal, you could say that he’s doing a good job. The problem is who does he think his enemies are, because the American people are often left guessing as well.