At the end of November, when the 10Y yield had just cracked 2.3%, Goldman, together with SocGen, JPM, RBC and various other banks, gave its answer to what may be one of the most important questions for the market right now: how high can 10Y bond yields go before they start to hurt equities? Goldman answered that "the equity market is still at a level that can cope with moderately rising bond yields.
Today is Bill of Rights Day in America.
Happy Bill of Rights Day!
This post explains the liberties guaranteed in the Bill of Rights – the first 10 amendments to the United States Constitution – and provides a scorecard on the extent of the loss of each right.
Painting by Anthony Freda: www.AnthonyFreda.com
First Amendment
The 1st Amendment protects speech, religion, assembly and the press:
Submitted by Robert Parrry via Strategic-Culture.org,
As Democrats, the Obama administration and some neocon Republicans slide deeper into conspiracy theories about how Russia somehow handed the presidency to Donald Trump, they are behaving as they accused Trump of planning to behave if he had lost, questioning the legitimacy of the electoral process and sowing doubts about American democracy.
China issued its loudest semi-official response to Trump's suggestion that he will use the "One China" policy as a bargainining chip.
FBI Director James Comey has confirmed to President-elect Donald Trump that Russia did not influence the outcome of the U.S. presidential election. In a telephone conversation between Trump and Comey, the FBI Director said there was no credible evidence that Russia hacked DNC emails of John Podesta. Comey also revealed that James Clapper, director of National Intelligence, agreed with his conclusion. Edwardklein.com reports: The only member of the U.S.