10Y BOJ bonds dollar Dow emerging markets europe eurostoxx fed france FX gold high yield jerome powell nasdaq nikkei oil S&P 500 yen

Have Genius, Will Travel.

Well needless to say, this was not a particularly inspiring week.

Well needless to say, this was not a particularly inspiring week. Or actually, that's not entirely true. It was a "tremendous" week if you enjoy watching raging dumpster fires and/or marveling at slow motion political train wrecks. It's impossible to communicate just how poorly the last five days have gone for the Trump administration - we seem to be back to the situation we were in late last summer when every week could be summed up as follows: "this was the worst week for the Trump administration since last week." The tariff boondoggle was the most important event for markets, but playing out in the background here is an increasingly aggressive Robert Mueller who seems to be zeroing in on Kushner, which of course is the logical next step. We've always said the special counsel will start from the outside of Trump's orbit and move in with Kushner being the last domino to fall before "Bobby Three Sticks" finally turns the screws on the President. Meanwhile, Jeff Sessions seems to be taking something of a stand against Trump and one certainly imagines that the Alabama stalwart wasn't amused when America learned that his nickname in the White House is "Mr. Magoo." Also, Hope Hicks i
Subscribe or log in to read the rest of this content.

5 comments on “Have Genius, Will Travel.

  1. Big Stevie says:

    Our very stable genius POTUS is traveling with a Secretary of Commerce who is one very stupid @$$#?!&

  2. l'll Abner says:

    If we don’t have adequate domestic steel production we might run a little short of tanks, trucks and cannons (among other items) in a protracted war.

  3. Murphy says:

    Let’s talk Steel and Trump!

    October 11, 2016: https://www.pri.org/stories/2016-10-11/trump-vows-take-chinese-steel-then-buys-it
    During a Debate: “We have to bring back our workers,” said Trump. “You take a look at what’s happening to steel and the cost of steel, and China dumping vast amounts of steel all over the United States, which essentially is killing our steel workers and our steel companies.”
    Clinton picked up the thread, saying, “China is illegally dumping steel in the United States, and Donald Trump is buying it to build his buildings, putting steelworkers and American steel plants out of business.”

    October 4, 2016: http://thehill.com/policy/finance/299293-steelworkers-livid-over-report-trump-bought-chinese-steel-aluminum
    On Monday, Newsweek released an investigative report concluding that in at least two of Trump’s last three construction projects he purchased steel and aluminum from Chinese manufacturers, including for his Las Vegas hotel, which opened in 2008.
    Trump has campaigned heavily in states like Ohio, Michigan and Pennsylvania where he has placed blame on Hillary Clinton and her support of trade deals like the North American Free Trade Agreement (NAFTA) and China’s entry into the World Trade Organization as the reason why workers have lost their jobs.
    Gerard called the Republican candidate’s statements about foreign trade and the need for better job creation in manufacturing “hypocritical” and “fundamentally dishonest.”

    October 12, 2016: https://aflcio.org/2016/10/12/six-facts-donald-trumps-use-chinese-steel
    The report, published last week, showed us yet again that all Trump does is run his mouth and pad his pockets. The Newsweek report found Trump used cheap Chinese steel and aluminum in two of his recent construction projects and went to great lengths to cover his tracks.

    Rather than take up more column space here, just type these words – trump purchased his steel from china – in the Google search engine – pages and pages and pages on this subject. This man is a total CROOK. Quoting an AFL/CIO comment – “all Trump does is run his mouth and pad his pockets”.

  4. Jamal James says:

    Speaking of Photoshop, thanks for the great picture of our stable genius. That one had me laughing. The Powell-Yellen picture from yesterday had me disturbed.

  5. Jamal James says:

    RUT was happy today. Are we back to the original Trump Trade? At a PE ratio of 131 I think I’ll pass.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Skip to toolbar