If You Own Bond Substitutes (like Coke) You've Been Warned
I waas recently going through a new client’s portfolio and found it full of the likes of Coca-Cola, Kimberly-Clark and Campbell Soup — what I call (pseudo) bond substitutes. Each one is a stable and...
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This Election Has Disgraced The Entire Profession Of Journalism
Authored by Ken Silverstein, originally posted op-ed at The Observer,We still don’t know the outcome of the 2016 election, in which our “democratic process” has produced two candidates widely despised...
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Latest Short List For Trump Cabinet Positions - It's A "Knife Fight"
As Donald Trump's transition team continues to debate who will fill key cabinet positions, the competition between potential appointees is growing more fierce with one insider describing it as a "knife...
View ArticleFrontrunning: November 18
Dollar Sees Record Winning Run Versus Euro on Trump Policy View (BBG)Dollar heads for best fortnight vs. yen since 1988 (Reuters)Jeff Sessions Said to Be Trump’s Pick for Attorney General (BBG)Flynn...
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Speculation Soars As Mike Pence Says "There Will Be Very Important...
With the Trump cabinet filling up, but a number of key positions still to be announced, vice-president-elect Mike Pence told Fox News tonight that "there will be very important announcements tomorrow."...
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Trump Picks Elaine Chao As Transportation Secretary
In the first of what Mike Pence called"several very important announcements," Politico reports that former Labor Secretary Elaine Chao is set to be announced later Tuesday as President-elect Donald...
View ArticleFrontrunning: December 1
Oil hits six-week high after OPEC deal, sterling jumps (Reuters), Oil Holds Gains After OPEC Deal (WSJ), Hangover Awaits as OPEC Celebrates (BBG)Opec agreement: the winners and the losers (FT)Russia’s...
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Schwarzman, Dimon, Fink Will Advise Trump How To Create Jobs
Shortly after Donald Trump picked former Goldman partner Steven Mnuchin as Treasury Secretary, he was rumored to be considering another Goldmanite, current President and COO Gary Cohn - who as reported...
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Trump Taps Oklahoma Attorney General Scott Pruitt As EPA Head
In yet another controversial pick, according to Reuters, Trump has chose Oklahoma Attorney General Scott Pruitt to head up the Environmental Protection Agency. BREAKING: Trump to appoint Oklahoma...
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Jamie Dimon Named Chairman Of Business Roundtable Scoring Another Key D.C....
Just days after being appointed to Trump's "Strategic and Policy Forum," JP Morgan CEO, Jamie Dimon, has been named Chairman of Business Roundtable. Obviously, this is yet another prominent D.C....
View ArticleFrontrunning: December 9
Futures rise as 'Trump rally' rolls on (Reuters), Oil Advances as European Stocks Extend Gains; Korean Won Slides (BBG)Syrian government forces press attack in east Aleppo (Reuters)Trump: China Will...
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Trump Shuns Palin, Picks McMorris Rodgers For Interior Secretary
In what is being touted as further diversification of the president-elect administration, Donald Trump is expected to name Rep. Cathy McMorris Rodgers (R-Wash.) to lead the Interior Department,...
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Trump's Bait And Switch?
Submitted by Nomi Prins via TomDispatch.com,Given his cabinet picks so far, it’s reasonable to assume that The Donald finds hanging out with anyone who isn’t a billionaire (or at least a...
View ArticleFrontrunning: December 13
Trump Picks Exxon Chief for State Amid Concerns (Reuters)Buoyant Markets Pose New Challenge for the Fed (WSJ)Tweeter-in-Chief Trump Faces Test After Yellen’s Rate Decision (BBG)Trump Dissing Daily...
View ArticleFrontrunning: December 14
Countdown to first Fed hike in a year under way, but focus shifting to 2017 (Reuters)What to Expect From the Fed: Decision-Day Guide (BBG)Investors Expect Fed Rate Rise, Seek Clues on Next Step...
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Former Fed Advisor: State Pensions Time Bomb Spells Disaster For The US
Underfunded government pensions to the tune of $1.3 trillion, with a gap that just can’t be filled, is the ticking time bomb facing the US economy which faces dramatic cuts in public services - and...
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CalPERS Announces Plans To Sell $15BN In Equities Over Next Two Years
The California Public Employees' Retirement System (CalPERS) has just announced that they will be net sellers of $15 billion worth of equities over the next two years. While the board didn't offer...
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Global Stocks Decline As Trading Volumes Collapse Ahead Of Monte Paschi...
European, Asian stocks and S&P futures all declined amid collapsing volumes, after the Wednesday drop in the S&P500, and after oil prices held losses amid an unexpected increase in supplies, as...
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Bankrupt Sears, Brexit Becomes Bremain, & Bye-Bye 'Peak Auto' - Doug Kass' 15...
The core thread of next year's relatively downbeat "surprises" from Seabreeze Partners' Doug Kass is that the crowd is wearing Trump-colored glasses and that the single-biggest surprise is how quickly...
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Here's Who Democrats Say Are The Top 15 Presidential Candidates For 2020
As Democrats continue to slowly come to terms with their stunning defeat on November 8th, one coping mechanism that has helped them to deal with the grief is getting a head start on a list of most...
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