A Rising Tide?

Once again, not to be mistaken for Tuesday's With Morrie, it's time for Tuesdays With Trump... 

A Rising Tide?
We see a rising tide of nationalism, masquerading as patriotism, and the re-emergence of policies encouraging fear and hatred of others. 
We see some politicians elected partly on the basis of dismissing international institutions and agreements, as if our countries have not benefited from cooperation, but actually been harmed by it.
We hear some leaders talking as if some of our proudest achievements are in fact our biggest liabilities – whether it is the tradition of successfully integrating refugees into our societies, or the institutions and treaties we have built rooted in laws and human rights.U.N. Special Envoy Angelina Jolie - 15 March 2017, Palais Des Nations, Geneva

A Rising Cost?

Far from 1977 [Smokey and The Bandit], a new sheriff is in town, and a certain White House occupant is in equally hot pursuit of... a strong job market to indelibly leave his mark on history. For the moment, it looks like he's going to get exactly what he's asking for using brutish Buford T. Justice-style tweets. At least that's the causality guaranteed to be drawn. - Buford T Justice Job Market  - Danielle DiMartino Booth

We Natter...  Rising cost of loan funds, higher cost to raise dollars and service dollar debt, King Dollar doesn't need to rise as his pet python ED puts the squeeze on, leading to Captain Crunch aka "dollar" ill liquidity. All leading to more monetary and economic contraction to come, rinse, spin and repeat. This self reinforcing vortex, all concomitant with refinancing of the largest mountain of debt in history. All conveniently forgotten indeed and if left unattended by the current administration, this cycle, unforgiving and merciless, will be.

Comments