The farce that is the Trump Presidency is ending. Like all failing empires, the U.S. has reached a clown too far to save itself from ignominious history, and in doing so has added extreme insult to injury:
"Wolff quotes News Corp CEO Rupert Murdoch as calling Trump a “fucking idiot.”...Gary Cohn, the president’s top economic adviser, regards Trump as “dumb as shit.” The president’s top national security adviser, H.R. McMaster, considers him a “dope.”...None of this, notably, includes Secretary of State Rex Tillerson own take on his boss. A “fucking moron” is how he reportedly deemed Trump"
Nevertheless, the charlatan-in-chief comes in at a pathetic if not pivotal juncture in U.S. history...
"According to Torsten Sløk, the chief international economist at Deutsche Bank Securities, the extreme levels of income inequality in the country mean that only a vanishingly small percentage of Americans are seeing much impact from the boom on Wall Street."
"the richest 0.1% of Americans owns as much as the entire bottom 90%, a trend that has been accelerating since the mid-1980s"
"America actually ranks among the worst countries when it comes to income inequality, based on its Gini coefficient, a measure of the wealth distribution of a country’s residents. The coefficient for the U.S. is nearly 0.40, which puts it roughly even with Turkey"
The solution to inequality is obvious to all RepubliCons: another tax cut for the ultra-wealthy, paid for with borrowed money
"Goldman: options investors are positioning for the average stock in the S&P 500 to move 22% over the coming 12 months"
"While stock volatility is not the same as broad-market volatility—and indeed, low correlations has been cited as a primary factor behind the market’s lack of sharp gyrations—Goldman expects both to see a pickup."
ZH: Retail Is Re-Imploding
"what is most troubling for Macy's, is the stock's reaction to today's news: whereas in the past, M would jump on any mass layoff and/or closure news, this time it enjoyed a brief kneejerk moment in the green, before tumbling"
Don't worry about the bailout, there won't be one...