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Pair Of Bush-Era Economists Emerge As Front-Runners For Fed Vice Chair Position

After selecting Fed governor Jerome Powell to replace Janet Yellen as Fed Chair when her term expires in February, the Trump White House has now moved on to interviewing a series of candidates for the Vice Chair position.  As the Wall Street Journal notes this morning, two of the more likely candidates for that role […]

Doug Kass’ 15 Surprises For 2018: FANG Crackdown, Gold All-Time-Highs, Stocks Slump

Authored Doug Kass of Seabreeze Partners Management, "The missing step in the standard Keynesian theory [is] the explicit consideration of capitalist finance within a cyclical and speculative context . . . finance sets the pace for the economy. As recovery approaches full employment . . . soothsayers will proclaim that the business cycle has been […]

The Five Biggest Tests For China’s Next Central Bank Governor

Zhou Xiaochuan’s long reign as PBoC Governor is drawing to a close. He signaled his impending retirement last month and will be seventy years old In January 2018. Zhou has headed up China’s central bank from the early days of China’s “growth miracle” in 2002 and successfully – thanks to massive credit creation – steered […]

“Beyond Resistance” – Soros, Pelosi Headline Left’s Biggest Dark Money Conference

Authored by Brent Scher and Joe Schoffstall via FreeBeacon.com, A secretive three-day conference where big money liberal donors are plotting the next steps of the "resistance" will be headlined by Friday speeches by billionaire George Soros and Democratic House Minority Leader Nancy Pelosi, according to internal documents obtained by the Washington Free Beacon. The Democracy […]

Tax Bill Fiasco: Senate Considering 1 Year Corporate Tax Cut Delay; Dollar Slides

Suddenly Republican tax reform is looking deader than a doornail. According to the Washington Post, which cites “ four people familiar with a draft of the legislation ” not only is there little to no compromise on the way forward, but the only thing Senate Republicans leaders can agree on is to punt the centerpiece of […]

CME Group CEO On Low Volatility: “Traders Are Too Afraid To Buy…And Too Afraid To Sell”

With realized volatility having fallen to near-record lows this month, CME Group Chairman and CEO Terry Duffy tapped into the trepidation that many traders feel about today’s unsettlingly placid markets during an interview with CNBC Thursday, saying that he’s “surprised” at the present lack of volatility, adding that many market participants are essentially too afraid […]

Cohn Said “Likely To Leave The White House” After Tax Plan, Won’t Be Fed Chair

While bookies' odds for Gary Cohn to be the next Fed Chair were already low to minimal, Bloomberg reports that, according to three people familar with the mater, President Donald Trump does not intend to appoint National Economic Council Director Gary Cohn to lead the Federal Reserve. , As Bloomberg reports, Trump said in at least one private meeting […]

“More Of The Same” – Ron Paul Laments Trump’s Fed Picks

Authord by Ron Paul via The Ron Paul Institute for Peace & Prosperity, This week President Trump revealed his final five candidates for Federal Reserve chair. Disappointingly, but not surprisingly, all five have strong ties to the financial and political establishment. The leading candidates are former Federal Reserve governor and Morgan Stanley banker Kevin Warsh […]

Powell Fed Chair Odds Surge After Politico Doubles Down On “Mnuchin Support” Report

It was exactly one week ago when just as Bloomberg reported that Yellen was most likely out of consideration as next Fed chair, and as the WSJ reported that Trump was meeting with Kevin Warsh, that Politico reported, for the first time, that discussions with people close to the Fed Chair selection process “confirmed Kevin […]

Meet The Next Fed Chair: The Definitive Cheat Sheet

With the race for the next Fed chair in its final stretch as Trump is now expected to make his decision over the next few weeks, and following recent reports from Bloomberg, Politico and the WSJ, the three frontrunners to replace Yellen, according to PredictIt, are Kevin Warsh, Jerome Powell, Gary Cohn and unexpectedly, Neel […]

Global Stocks Hit Fresh Record High As Dollar Rally Fizzles

It’s deja vu all over again. In a repeat of yesterday’s session, where US equities and the dollar levitated in a one-way trade, Tuesday’s muted session – where in addition to closed China and South Korean markets, Germany’s Dax is also shut for holiday – has seen early dollar and European equity strength, while the […]

Spanish Stocks, Bonds, Euro Sink After Catalan Referendum Fiasco; S&P Futures Rise

While S&P futures were modestly higher, rising 0.1% in a quiet session in which China, South Korea, India and Hong Kong were closed for holidays, the Euro, Spanish stocks and bonds were broadly lower as Spain faces its worst constitutional crisis in years following a dramatic, violent crackdown on Sunday’s Catalan independence referendum in which […]

Jared Kushner Reportedly Used Private Email For White House Business

As if the flow of news on this warm September weekend wasn’t hectic enough thanks to President Trump’s decision to pick a fight with professional sports, Politico is out with the latest bombshell report alleging some nefarious act was committed by one of Trump’s closest advisors, his son-in-law, Jared Kushner. Politico reports that, in an […]

Trump Now “Hates” Gary Cohn, Who “May Be Pressured To Leave White House”: Report

When Gary Cohn criticized Trump’s response to the Charlottesville tragedy, he set off a sequence of events which not only reportedly cost the former Goldman COO his future position as Fed chair, but – according to an overnight report from Reuters – his job as Trump’s chief economic advisor. Extending on recent reports from the […]

White House Denies Cohn Report, Says Considering “At Least Six” For Fed Chair

Denying yesterday’s WSJ report that Trump has “fired” Gary Cohn from his future role as Fed chair due to his strong opposition to Trump’s handling of the Charlotteville tragedy, Bloomberg reports that the White House is considering “at least a half-dozen candidates to be the next head of the Federal Reserve, including economists, executives with […]