Submitted by Tim Price via SovereignMan.com,
On March 30, 1999, the Wall Street Journal’s front page headline blasted the good news across the world:
“Dow Industrials Top 10,000”
The day before, the all-important US stock index, the Dow Jones Industrial Average, closed above 10,000 for the first time in history.
It was a major milestone, and investors cheered.
Ahead of her meeting with Trump tomorrow, British Prime Minister Theresa May joked that "opposites attract" and called on the US President to renew the "special relationship" between Britain and the United States and lead in a new, changed world. In the United States for what will be Trump's first meeting with a foreign leader since he took office last week, May signaled a shift in foreign policy, bringing her position more in line with that of Trump.
By the SRSrocco Report,
The U.S. will never go back on a gold standard. The notion that a U.S. Dollar backed by gold would solve our financial problems is pure folly. Why? Because, if the U.S. Empire didn't abandon the gold standard in 1971, it would have collapsed decades ago.
For the first time in 64 years, atomic scientists reset their symbolic "Doomsday Clock" to its closest time to midnight on Thursday, saying the world was closer to catastrophe due to threats such as nuclear weapons, climate change and Donald Trump's election as U.S. president. The timepiece, devised by the Chicago-based Bulletin of the Atomic Scientists and displayed on its website, is widely viewed as an indicator of the world's vulnerability to disaster.
The "clock's" hands were moved to two minutes and 30 seconds to midnight, from three minutes.
When Trump unexpectedly won the election, and futures staged one of their most dramatic rebounds in history, surging from limit down to solidly in the green, Wall Street promptly goalseeked their economic assumptions "chasing the price", quickly going from bearish to bullish, and nobody did it faster or more conclusively than Deutsche Bank, which seemingly overnight flipped from one of the biggest bearers of gloom on the outlook for the US economy, to one of its biggest cheerleaders.