“Bannonism just gave a thin veneer of ersatz nationalism to what was otherwise the Donald’s own dogs’ breakfast of protectionism, nativism, xenophobia, jingoism and strong-man bombast.”
More records.
Holiday road.
Are we there yet?
“The reality is that no country can afford to have the most aggressively tight monetary policy. Whoever is foolish enough to attempt to return their monetary policy to normalcy, finds themselves at the end of a strong currency, and importing all the world’s deflation.”
BANK OF CANADA WILL BE ‘CAUTIOUS’ WITH FUTURE RATE INCREASES
BANXICO TO INCREASE FX HEDGES AUCTIONS BY $4B
We have to win more.
Yes, “a central feature” of the prevailing order (or maybe “disorder” is better) is chaotic uncertainty – and a “central feature” of markets is suppressed vol.
Oh, boy. Try to wrap your head around all of this.
Why target a relatively tame piece that, for the most part, just states facts?
“So it probably came as a shock that one of Canada’s main goals in this renegotiation is to get the United States to treat our own workers better. Canada doesn’t want its workers competing with poorly-treated laborers — including workers in the United States.”
Whatever the case, the assumption here is that this will get done come hell or high water (with the latter having already arrived in Texas and the former well on its way between North Korea and Irma).
Ok, so if you were going to make a list of things that Donald Trump
“There may be all sorts of dragons and monsters up in those hills.”
“If we have to close down our government, we’re building that wall.”
“So I think we’ll end up probably terminating Nafta at some point.”
Bannon can talk about “going to war” for Trump against Congress and the “globalist” elements in the White House all he wants, but the bottom line is that Steve already went to war – and he lost.
“Unfortunately, with each passing day, it has become clear that President Trump has no intention of following through on his commitments to working people.”
“Deterrence counts on the rationality of the opponents. The build-up of mutual threats and the shows of force in the past weeks have unsettled markets, with risk assets and high-beta currencies underperforming, and it is likely to continue.”
“Global political developments have kept us on our toes and will continue to do so through the fall and into next year. Investors should brace for a bumpy ride.”
“And I liked your editorial today, very nice. (Laughs.)”
Judging by my inbox, there are at least four readers who did not appreciate my three-word explanation for why the dollar is in the doldrums.Â
“To date no US President has been impeached by his own party, and given the highly charged partisan environment, we think that evidence of a breach deemed sufficient to trigger impeachment proceedings would have to be very robust. However, if there is a change in the composition of control in Congress post-Midterms and Democrats pick up significant seats, the political calculus could change.”
“As good as it gets?”
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