What’s going on with Trump’s trade offensive? There’s a dual track policy underway: One a phony trade war with US allies; the other a potential (but not yet) trade war with China, that may also in the end prove less than a bonafide ‘trade war’ as well.”

The U.S. budget deficit consequences of the Trump tax cuts are therefore massive. Instead of averaging $150 billion a year on average (the $1.5 trillion) the effect will be three to four times that, or around $300 to $400 billion a year.

Its really all about accelerating the subsidization of corporations and capital incomes for the wealthiest 1% by means of fiscal policy now that the central bank’s 9 years of subsidization of capital incomes by monetary policy

Margin buyers will prove desperate stock sellers, driving stock prices even lower in coming weeks, entering yet another new phase

In the months ahead the Republican wing—for whom Trump has nicely delivered in the form of tax cuts in the trillions of dollars and with whom Trump is now playing ball with regard to free trade—will circle the wagons on behalf of Trump. The Republican party wing of the elite don’t want to drive Trump from the White House

The professionals are taking their money and running, leaving the ‘herd’ of small investors holding the empty bag

Long on Theater, Short on Policy

US Shadow Bankers About to Deepen Control of US Economy

Democrat party leaders are proving themselves not only strategically myopic since the 2016 election, but tactically inept as well

Your stewardship of the U.S. economy has allowed us to keep 5 percent of all the national income created since the last recession in 2009; while you wealthiest 1 percent got to keep the other 95 percent
created since the last recession in 2009; while you wealthiest 1 percent got to keep the other 95 percent