First it was Citi's Hans Lorenzen warning about the threat to growth and global risk assets as a result of the upcoming slowdown in global central bank balance sheet growth. Then, yesterday, it was Matt King's turn to caution that "the Fed’s hawkishness this week adds to the likelihood that in markets a significant un-balancing (or perhaps that should be re-balancing?) is coming."
Several US soldiers were wounded on Saturday after being shot by an Afghan soldier at a base in northern Afghanistan on Saturday, the third “insider” attack on US troops stationed in the country this year, and the second on one week. Initially conflicting reports emerged about the number of casualties in the attack, with Afghan officials telling Reuters that four US troops had been killed; that number has since been revised.
Here’s Reuters:
Late on Friday, the U.S. Office of Government Ethics released a 98-page financial disclosure form according to which President Trump reported income of at least $594 million for the period from 2016 and through April 2017 and assets worth at least $1.4 billion; he also had personal liabilities of at least $315.6 million to German, U.S. and other lenders as of mid-2017 implying a net worth of just over $1.1 billion. The disclosure form was Trump's first since taking office.
Authored by Daniel Greenfield via FrontPageMag.com,
After President Trump rejected the Paris Climate treaty, which had never been ratified by the Senate, the European Union announced that it would work with a climate confederacy of secessionist US states.
Since the financial crisis, home equity has gone from being America’s biggest driver of (illusory) wealth to one of the biggest sources of economic inequality.
And while the post-crisis recovery has returned the national home price index to its highs from early 2007, most of this rise was generated by a handful of urban markets like New York City and San Francisco, leaving most Americans behind.