Content originally published at iBankCoin.com
During Wednesday's White House press briefing, Tom Homan - Acting Director of Immigration and Customs Enforcement (ICE) and U.S. Attorney John Huber were brought in to discuss two upcoming pieces of immigration legislation - only to face CNN's anchor-socked White House correspondent, Jim Acosta.
Focus on criminals
Washington Has Been At War For 16 Years: Why?
Paul Craig Roberts
For sixteen years the US has been at war in the Middle East and North Africa, running up trillions of dollars in expenses, committing untold war crimes, and sending millions of war refugees to burden Europe, while simultaneously claiming that Washington cannot afford its Social Security and Medicare obligations or to fund a national health service like every civilized country has.
Following the previously noted ongoing rise in yields around the globe on the back of this week's unexpected and coordinated central bank hawkish jawboning which sent 10Y Bunds as high as 0.43%, double where they were earlier in the week...
Remember when Warren Buffett anecdotally "took a bath" when he decided to effectively rescue Bank of America with a $5 bilion equity injection in 2011? He may be due for another bath any minute.
The euro soared to the highest level in over a year while bond yields and global shares also climbed, as an ongoing barrage of coordinated hawkish comments from central banks signaled the era of easy money might be coming to an end for more than just the United States. S&P futures were fractionally in the green following the best day for US equities in two months, as banks climbed after passing the Fed's stress tests and announcing bigger than expected shareholder payouts.