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Irrational Exuberance in US Stock Market Grasps at 20K for Dow

Irrational Exuberance in US Stock Market Grasps at 20K for Dow

This article by David Haggith was first published on The Great Recession Blog:

Since Trump’s election, the US stock market has climbed unstoppably along a remarkably steep path to round off at a teetering height. Is this the irrational exuberance that typically marks the last push before a perilous plunge, or is the market reaching escape velocity from the relentless gravity of the Great Recession? 

US Probes Foreign Visitors’ Social Media Accounts

The US government has begun asking foreign visitors on the visa waiver program to volunteer links to their social media accounts. It comes in the same week that the Dept. of Homeland Security announced it was going to stop its registry of visitors from predominantly Muslim and Arab countries. RT.com reports: Foreign travelers arriving in the United States, participating in the visa waiver program, are being asked by US customs and border guards to volunteer “information associated with your online presence – Provider/Platform – Social media identifier”.

Trump's Ominous Warning To The UN: "Things Will Be Different After Jan. 20th"

Following today's surprising decision by the US' Samantha Power to abstain in a UN vote over Israel settlements, one which provoked Israel to lash out at the Obama administration  "friends don't act that way", but more importantly defied Trump who in a previous tweet urged Obama to veto the resolution, it was only a question of how long before Trump tweets his response. The time was less than an hour, because just minutes after the vote, the president-elect slammed the current administration's decision, while ominously warning the UN that it would be "different" under his presidency.

Mr. Putin Comes To Washington? "If Trump Invites Me, Of Course I'll Come"

Mr. Putin Comes To Washington? "If Trump Invites Me, Of Course I'll Come"

We can only imagine the establishment's reaction to their arch-nemesis appearance on their doorstep, but as TASS reports, Russian President Vladimir Putin said on Friday he is ready to pay a visit to the US if the new US President Donald Trump sends an invitation to him.

"If Trump invites to come to the United States, then I will certainly come," Putin told reporters.

 

The Russian president refrained from providing the exact date of his possible meeting with the US President-elect.

 

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