The Fed operates in secret, creates inflation, and bails out Wall Street. - Click to enlarge President-elect Donald Trump will soon have the opportunity to put his stamp on the Federal Reserve. And that is making the elite body of central bankers nervous. On the campaign trail, Trump harangued Fed chair Janet Yellen for pumping up financial markets with cheap money – accusing the Obama appointee of being politically...
Read More »Did President-Elect Trump Just Inadvertently Kill The Golden Goose?
Submitted by Gordon T Long via MATASII.com, President-Elect Trump may have just unwittingly sowed the seed of an equity market draw-down which will send even more protesters into the streets of America. Donald Trump’s stated economic policies are clearly pro-growth and if he manages to implement his pro-business, anti-regulation agenda, in the longer term they have the potential to surpass the bold and successful...
Read More »SMI up on post Trump rally
SMI Swiss stocks continued to rise this week, in line with other global stocks thanks to a strong performance from financials which gained as investors weighted the prospects of higher interest rates in the US. SMI Index, November 18 - Click to enlarge Economic Data Stocks in the financial sector advanced after Federal Reserve Chair Janet Yellen said the US central bank is close to lifting interest rates as the...
Read More »You’ll Only Understand Trump and Brexit If You Understand the Failure of Globalization
[See also The Numbers Show Trump Win NOT Due to Racism and Sexism] You can only understand the victory of Donald Trump and Brexit once you understand the failure of globalization … Trump Trump made rejection of globalization a centerpiece of his campaign. In his July 21st acceptance speech as the Republican nominee, he said: Americanism, not globalism, will be our credo. The Boston Globe bannered this headline on...
Read More »You’ll Only Understand Trump and Brexit If You Understand the Failure of Globalization
[See also The Numbers Show Trump Win NOT Due to Racism and Sexism] You can only understand the victory of Donald Trump and Brexit once you understand the failure of globalization … Trump Trump made rejection of globalization a centerpiece of his campaign. In his July 21st acceptance speech as the Republican nominee, he said: Americanism, not globalism, will be our credo. The Boston Globe bannered this headline on Thursday: “Trump won. Globalization lost. Now...
Read More »Trumped
US Citizens Giving the Finger to Globalist Statist Elites – Big Time Back in late August we posted something about Mr. Trump’s chances probably being a lot better than was generally assumed (see: US Presidential Election – How Reliable are the Polls?). You know what the say about a headline that ends in a question mark; most often, the answer to the question is “No”. And so it was in this case – the polls were not...
Read More »FX Daily, November 10: US Dollar, Equities, and Commodities Firmer as Reflation Trade Takes Hold
Comment on GBP and CHF by Matt Vassallo My articles About meMy booksFollow on: Swiss Franc EUR/CHF - Euro Swiss Franc, November 10(see more posts on EUR/CHF, ). - Click to enlarge GBP/CHF rates spiked by almost two cents during Wednesday’s trading, providing those clients holding Sterling with some of the best rates they’ve seen in the past few weeks. This move came following confirmation that Donald...
Read More »Europe stocks split on Trump win with pharma gaining
While the bearish sentiment that engulfed European equities in recent weeks is being vindicated, health-care stocks are easing the pain. [embedded content] The region’s largest industry group headed for its biggest jump in more than 14 months, tempering losses for equity benchmarks after Donald Trump won the race to govern the region’s biggest export market. Novo Nordisk A/S and Shire Plc rose more than 5 percent,...
Read More »Implications of Trump’s election win
We are cautious about the impact of a Trump presidency and are not changing our economic forecasts at this time. Uncertainty about how Trump will govern make near-term volatility spikes likely.A Trump presidency could see major changes in policy on many themes such as fiscal policy, trade policy, immigration, the environment, financial regulation, healthcare, social security, and supervision of the Fed. However, it remains highly uncertain whether Trump will in fact pursue the policies he...
Read More »Incrementum Advisory Board Meeting Q3 2016
Is Stagflation a Potential Threat? The Incrementum Fund held its quarterly advisory board meeting on October 3 (the transcript can be downloaded below). Our regular participants – the two fund managers Ronald Stoeferle and Mark Valek, advisory board members Jim Rickards, Frank Shostak and yours truly – were joined by special guest Grant Williams this time. Many of our readers probably know Grant; he is the author of...
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