Earlier today we reported that in a "summit" organized by Trump's campaign manager Kellyanne Conway, executives and anchors from the major US media outlets, including CNN president Jeff Zucker, ABC News president James Goldston, Fox News co-presidents Bill Shine and Jack Abernethy, and NBC News president Deborah Turness, visited Donald Trump at his Trump Tower penthouse for an off the record meeting.
Submitted by Simon Black via SovereignMan.com,
There are two words that kept coming up over and over again over the last 20+ months during the US Presidential circus: “fair share”.
Hardly a day went by without hearing that certain taxpayers “need to pay more of their fair share.”
It sounds really great, and given the voter statistics, this idea resonated with tens of millions of people. After all, who could possibly be against fairness?
One of the biggest open questions troubling Wall Street traders (and everyone else) in addition to which of his close allies (and in the case of Mitt Romney, not so close) will the president-elect pick to staff the most important political posts in the new administration, is what are the details of Donald Trump's economic plan, especially as it involves the Fed, Trade, and the future of US national debt.
Robert Kagan avoids the obvious in his description of the presidential campaign:
Internationalists such as Jeb Bush and Marco Rubio went nowhere this year; Bernie Sanders joined Mr Trump in attacking global involvement; and Hillary Clinton was hit from all sides for being too internationalist and too wedded to the idea of the US as the “indispensable nation”, the Bill Clinton phrase that encapsulated the thinking of every president from Harry Truman to George W Bush.
With the Trumpflation euphoria easing back slightly overnight, leading to a modest paring in the USD index and US Treasury yields, Asian and European stocks rose, while US equity futures rebounded to just shy of new all time highs, as crude jumped on renewed optimism that OPEC will agree to cut output; Italian equities underperformed ahead of the Italian referendum; metals rebounded from last week’s losses as yields dropped and the dollar halted its longest winning streak versus the euro.