Every one of those stories is disastrous for Trump. The first one suggests he’s still actively obstructing justice, the second one suggests one of the people involved in that ongoing obstruction is now a person of interest in a probe by the people who are the target of the obstruction, and the third one seems to portend another government shutdown, this time closer to the debt limit.
Year: 2018
Chart Of The Day: Risk Appetite Hits All-Time High
Does that bode poorly? Not necessarily. But…
Ray Dalio: You’re Going To Feel ‘Pretty Stupid’ For Holding Cash
Listen, Ray Dalio has a set of “principles” ok?
Maybe You’re Not A Lunatic Gambler After All, Earnings Beats Suggest
“Daddy needs a new pair of shoes.”
Bitcoin Falls Below $10,000 (Again) As South Korea Stamps Out Anonymous Trading
The “revolution” has seen better days.
Robert Shiller Asks: ‘Why Is The U.S. Stock Market So High?’
“This brings us back to the mystery of what’s driving the US stock market higher than all others. It’s not the “Trump effect,†or the effect of the recent cut in the US corporate tax rate. After all, the US has pretty much had the world’s highest CAPE ratio ever since President Barack Obama’s second term began in 2013.”
Do Yourself A Favor And Don’t Ignore The BoJ, Ok?
What’s in a word or, in this case, four words?
‘It’s A Celebration!’ S&P Makes History (Again)
“Enjoy yourself.”Â
Storm The Castle.
Grab a pitchfork.
Thankfully, Mitch McConnell And Donald Trump Are Two Guys You Can Definitely Trust…
“Let’s hope the realpolitik guys are right here, and that this isn’t the fuckup it looks like at the moment.”
Nassim Taleb Takes Break From Stone Lifting To Explain How Bitcoin Frees Humanity From ‘An Orwellian Future’
Speaking of “stable geniuses”…Â
Trader: ‘The Next Great Crisis Will Be Caused By This’
“The next great crisis will be caused by Central Bankers not realizing that all this monetary fuel they have pumped into the system has finally ignited, and like a bonfire that gets out of control, they have no way of extinguishing it.”
Bitcoin, Cryptos Dive As Nordea Bans Trading In ‘Absurd, Joke’ Assets
Well, cryptos are crashing – again.
Is This Time Different? The Shutdown, The Honey Badger Market, And Everyday Americans
But you know, it’s like Lincoln said, this is government “of the people, by the people, and fuck the people.”
Buckle Up, We Need You: Full Week Ahead Preview
This should be interesting.
If You Were Japanese, Would You Go On A Spending Spree To Celebrate Your Massive Bitcoin And Equity Gains?
…what we wanted to point out are the multiple layers of irony here.
Uber Bull ‘Steve’ Still Loves Stocks But Thinks Maybe Bitcoin Is ‘Pets. com’
When you lose Steve…
The Fate Of King Dollar In Global Reserves
So yeah, people are talking about reserve diversification.Â
Schumer Calls Trump Lump Of ‘Jell-O’, White House Says Trump Is ‘Real-Life Superman’
Superman or gelatinous dessert? You decide.
Mick Mulvaney Never Knew How ‘Cool’ His Job Was Until He Found Out He’s In Charge Of Government Shutdowns
“Yeah, I mean…here’s how I explained it to people. I explained it this — obviously, I’m — the reason that, obviously, I’m heavily involved in this, Sean”…
Reinforcing The ‘Noisy Status Quo’
To the extent the most recent drama is just the latest in a series of “predictable” political shocks, it reinforces what one might call the “noisy status quo” which is part and parcel of the market’s inability to form a consensus.
‘He Has To Be Fired’: Donald Trump Explains Why Donald Trump Is To Blame For Shutdown
“You know the interesting thing is that in 25 years or 50 years, when they talk about the government shutdown, they’re gonna be talking about who was the President at that time.”
Here’s What Wall Street Thinks About The Government Shutdown
The government isn’t working.
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