Authored by Economic Prism's MN Gordon, via Acting-Man.com,
Behind the Curve
Economic nonsense comes a dime a dozen. For example, Federal Reserve Chair Janet Yellen “think(s) we have a healthy economy now.” She even told the University of Michigan’s Ford School of Public Policy so earlier this week. Does she know what she’s talking about?
Somehow, this cartoon never gets old…
In an interview with the FT, Treasury Secretary Steven Mnuchin discussed Trump's "tremendous" tax reform, and confirmed what many already knew: that the push to revise the US tax code has been dramatically slowed by the failure to repeal and replace Obamacare, and conceded that the administration’s timetable for ambitious tax reforms will be delayed. Mnuchin also said the target to get tax reforms through Congress and on President Donald Trump’s desk before August was “highly aggressive to not realistic at this point”.
Authored by Kevin Muir via The Macro Tourist blog,
Today’s post will have no answers. I am not sure anyone truly understands the strange day to day squiggles of the increasingly intertwined global financial system, but I wanted to highlight a relationship that cannot simply be monkeys typing Shakespeare.
Following US Vice President Pence's earlier remarks that "the era of strategic patience is over."
.@VP Mike Pence on North Korea: “The era of strategic patience is over.” https://t.co/78WhdfZWfb pic.twitter.com/I3JnAal71I
— Fox News (@FoxNews) April 17, 2017
Ambassador Kim, North Korea's Permanent UN Representative, hosted a news conference in Ryong on "the consideration of non-proliferation in the DPRK to be held in the Security Council on April 28."
In the midst of a 10-day Asia trip, Vice President Pence made an unannounced visit to the 4km-wide heavily-mined demilitarized zone separating the two Koreas where he met with troops, encouraged China to take action against North Kore, and warned Pyongyang that after years of testing the U.S. and South Korea with its nuclear ambitions, "the era of strategic patience is over."