“Turkish experts will tell you that discussion of the “deep state” flourishes in a climate of conspiracy and political polarization. It encourages the public to doubt the pillars of civil society — from the judiciary to the press — and take shelter in the shadow of a populist leader. That’s where the parallels to American politics in the age of Trump start to become all too real.”
“They believe that the words that come from their mouths as powerful leaders are the truth and that the media, when it strays from them, is telling lies. That’s autocratic thinking — and it is how you sustain a dictatorship.”
One of the most tragically ironic things about populism anno 2017 is the extent to which it reflects the very same radicalism its adherents claim to be fighting against.
But this can only become America’s reality if the new administration is shrewd. Clever. Cunning. And, above all, patient. Trump is anything but.
Here we are on payrolls Friday after a week in which a lot of sh*t
Perhaps fearing some kind of Erdogan-esque reprisal from the White House, the Fed pussyfooted its
They want to normalize, but they need to figure out how to do so in a way that doesn’t lead to “excessive” dollar strength lest they should all end up getting purged for treason Erdogan-style.
As is rapidly becoming custom, we start with FX markets, where the USDJPY rose again,
I think I can probably sum up Wednesday with one sentence and one chart…
“There is still much uncertainty about how his exact economic agenda will look,” Commerzbank’s Thu Lan
The Donald Trumps, Marine Le Pens, and Frauke Petrys of the world represent a very real threat to Western democratic values. The ideologies they preach are poisoning the gullible who mistakenly believe they’ve found their champions in nationalist candidates pushing a noxious brand of populism.
“While the strong end to 2016 is encouraging news the manufacturing revival clearly remains vulnerable to political risk.”
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