S&P futures are flat after Monday’s drop in the S&P 500 where a rout in Apple weighed on tech companies and tensions with North Korea persist; Asian stocks are modestly lower while Europe has shaken off the Korean crisis and is in the green on the back of a sharp drop in the EURUSD which has tumbled below 1.18 as the USD rises ahead of much anticipated speeches by the Fed Chair and the French president.
Authored by James Bovard via The Future of Freedom Foundation,
This year is the 100th anniversary of Woodrow Wilson’s pulling America into World War I. Many people celebrate this centenary of America’s emergence as a world power.
But at a time when the Trump administration is bombing or rattling sabers at half a dozen nations and many Democrats are clamoring to bloody Russia, it is worth reviewing how World War I turned out so much worse than the experts and politicians promised.
Authored by Antonius Aquinas,
While not a jubilee year, last week marked the 230th anniversary of the US Constitution.
Naturally, most of its devotees enthusiastically praised the document which by now is seen on a par with Holy Writ itself. An editorial from Investor’s Business Daily provides an example of such hagiography:
Another day, another major hacking.
If a surge in covenant-lite levered loans is any indication that debt and equity markets are nearing the final stages of their bubbly ascent, then perhaps now is a good time for investors to take their profits and run. As the Wall Street Journal points out this morning, levered loans volumes in the U.S. are once again surging, eclipsing even 2007 levels, despite the complete implosion of bricks-and-mortar retailers and continued warnings that "the market is getting frothy."