Obamacare sei ein Jobkiller, behaupten die Republikaner um Donald Trump im US-Wahlkampf. Doch offenbar ist genau das Gegenteil der Fall. Besser als erwartet: Bundesstaaten mit Obamacare verzeichnen einen Anstieg der Erwerbstätigkeit. Foto: Keystone Politiker, die antreten, um das nationale Gesundheitssystem zu reformieren, haben einen schweren Stand. Lorbeeren sind keine zu gewinnen. Die Materie ist geradezu grotesk komplex. Und als ob das schon nicht reichen würde,...
Read More »Frontrunning: November 15
GOP Seeks to Derail Moore, Salvage Senate Seat (WSJ) Army takes control in Zimbabwe (Reuters) Senate Tax Plan Guts Obamacare, Sunsets Many Middle-Class Cuts (BBG) Senate Republicans tie tax plan to repeal of key Obamacare mandate (Reuters) Trump’s Campaign Foreign Policy Team Under Mueller’s Microscope (BBG) Ryan Says Future Congresses Will Preserve Tax Bill’s Temporary Measures (BBG) Shareholders take aim at Murdochs with Fox voting rights push (Reuters) AT&T Engages Its Washington...
Read More »American Citizen Held By Immigration Enforcement For Over 3 Years Without Lawyer
Submitted by Sovereign Man This Week's Intelligence American Citizen Held by Immigration Enforcement for Over 3 Years Without Lawyer “I am an American citizen,” Davino Watson pleaded with ICE (Immigration and Customs Enforcement) agents, judges, and jailers. But to no avail; he was held in detention for over 3 years as a deportable illegal immigrant. What did his court appointed lawyer have to say ? Nothing, because he was never assigned one. After all, illegal immigrants are...
Read More »Europe, US Futures Slip Despite Brent Bouncing Back To $51
Asian stocks rose lifted by commodity names; European equities trade mostly lower but with little in the way of conviction or firm direction while the Italian banking index is at the highest level in a year following domestic earnings; S&P index futures are modestly in the red after the cash market closed at a record high Wednesday and investors prepared for earnings from retailers; we expect the now general vol selling program to promptly lift the S&P into new all time highs minutes...
Read More »Global Stocks Slide, S&P Futures Tumble Below 50DMA As “Trump Trade” Collapses
Global stocks are lower across the board to start the week, as concerns about Trump's administration to pull off a material tax reform plan finally emerge, pressuring S&P futures some 20 points lower this morning, following European and Asian shares lower, while crude oil prices fall unable to find support in this weekend's OPEC meeting in Kuwait where a committee recommended to extend oil production cuts by another 6 months. Safe havens including the yen and bonds climbed as did gold,...
Read More »Dollar, Futures Slump; Gold Spikes Over $1,200 After Trump Disappoints Markets
Risk assets declined across the globe, with European, Asian shares and S&P 500 futures all falling, while the dollar slumped against most currencies after a news conference by President-elect Donald Trump disappointed investors with limited details of his economic-stimulus plans, and the Trumpflation/reflation trade was said to be unwinding. "The risk was always that a president like Trump would end up upsetting that consensus (of faster U.S. growth, stronger dollar) view by introducing...
Read More »A Biased 2017 Forecast, Part 1
“The idea that the future is unpredictable is undermined every day by the ease with which the past is explained.” – Daniel Kahneman, Thinking, Fast and Slow A couple weeks ago I was lucky enough to see a live one hour interview with Michael Lewis at the Annenberg Center about his new book The Undoing Project. Everyone attending the lecture received a complimentary copy of the book. Being a huge fan of Lewis after...
Read More »The People Vs. The Police State: The Struggle For Justice In The Supreme Court
Submitted by John Whitehead via The Rutherford Institute, “We are not to simply bandage the wounds of victims beneath the wheels of injustice, we are to drive a spoke into the wheel itself.”—Dietrich Bonhoeffer The untimely death of Supreme Court Justice Antonin Scalia has predictably created a political firestorm. Republicans and Democrats, eager to take advantage of an opening on the Supreme Court, have been quick to advance their ideas about Scalia’s replacement....
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