Third World Aspirations aka. Careful What You Wish For

America's transformation into a banana republic is further along than most people seem to realize...

"A withdrawal would put the United States in the same camp as Nicaragua and Syria"

And yet, shockingly, the Energy sector did not thank Circus Clownius for this gesture...

May 18th:

"Exxon Mobil, Chevron and BP have also pledged their support for the Paris climate pact"

Also this morning...

"Shares of some of the U.S.’s largest financial institutions are getting hammered Wednesday, led by a sharp drop in Goldman Sachs’s stock, as bank executives were signaling a slump in second-quarter trading, pointing to the possibility of woeful revenue figures in the financial sector."


For some reason, Donny Trump's two favourite sectors don't fully appreciate his corruption friendly business practices...
"Over the past three months, financials have declined 5.6%, the third worst performance over that stretch behind energy’s 8% drop"

I think we all see where I am going with this...unfortunately, the low volatility "regime" doesn't allow for imploding banks...

"More volatility please"

USDJPY

"And then they installed Goldman at Treasury again, to be in place ahead of time for the next bailout"