First, speaking of "disasters", according to CNBC, 75% of Americans Don't Want Trump to Raid Obamacare For Billionaire Tax Cuts. Which is why Congress is backing way off of Healthcare "reform".
Meanwhile, it gets worse for the tone deaf megalomaniac living in the 1950s...
"Some big American coal companies have advised President Donald Trump's administration to break his promise to pull the United States out of the Paris Climate Agreement – arguing that the accord could provide their best forum for protecting their global interests."
"The future is foreign markets, so the last thing you want to do if you are a coal company is to give up a U.S. seat in the international climate discussions and let the Europeans control the agenda,"
Meanwhile, as I pointed out earlier, Trump's assertion that Dodd-Frank has caused reduced bank lending is a total fabrication. Trump will be delighted to learn that in fact bank lending INCREASED after Dodd-Frank, setting off the biggest debt bubble since the last debt bubble - mostly for *special dividends* and stock buybacks of course. So he can rest easy that there's not enough debt in the system. He will learn all about it soon enough.
"Overall, bank profits have also continued to move higher, more than doubling since the Great Recession ended."
Efforts to roll back portions of the law began almost as soon as it was signed into law.
Shortly after taking office, Trump ordered the Treasury Department and other financial regulators to review the banking and consumer finance rules created under Dodd-Frank, a law he has called "a disaster."
Trust me Donny, this is more than enough debt to bury your Presidency under a pile of rubble:
Trust me Donny, this is more than enough debt to bury your Presidency under a pile of rubble:
"The New York Federal Reserve announced Monday that in 2017 total household debt will reach its previous peak of $12.68 trillion, which it reached in the third quarter of 2008. It’s already close"
Lastly, I was remiss in not posting any charts following today's casino snoozefest to nowhere...
Exactly three Mega Cap new highs today - one was Amazon, and one was Apple. I have no idea the third, nor will it matter to collapse...
Today was the lowest volume since last time the wheels came off the bus...
Dollar
Breadth
Equal weight/cap weight:
