Thursday, January 4, 2018

The Roman Circus Is Ending

Third World dictator. Check...

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 Sl√łk, 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...