Tuesday, January 31, 2017

Do the Democrats have any sense of necessity to prevent disaster?

I was pleased to see the Democrats in the US Senate are standing up for the country. It is their sworn duty to protect the country and the constitution. I am proud of them.

Then Senator Brown was stating in the news this evening they are not another Mitch McConnell. That's obvious! Is there no conviction to stand up for the country, the people?

The late Senator Robert Byrd is rolling over in his grave right now. Don't give in! He never would!

It was about time Chairwoman Yellen increased interest rates as well. This has been on the Fed's agenda for months if not for the past year.

January 31, 2017
By Gregg Rob

President Donald Trump (click here) seems in pole position to get potentially budget-busting corporate tax cuts and infrastructure spending plans through a pliant Congress.
Fed chief Janet Yellen is not likely to be as flexible.
The Fed is likely to respond to fiscal stimulus that requires borrowing by jacking up interest rates. That seems to be the signal that Yellen, and at least one of the central bank’s other top officials, are sending.

In a way, that sets Yellen up to seen as the most powerful Democrat in opposition to Trump’s agenda, along the lines of Sen. Mitch McConnell to President Barack Obama.
But this is a narrative that Yellen would reject, experts said.
“Yellen would run, not walk” from any suggestion she was the Democrats’ last best hope in Washington, said economist Diane Swonk.
“The Fed is just walking a very fine line, and it is important for the central bank to be seen as nonpolitical,” Swonk said.
Mark Gertler, a professor of economics at New York University who often writes about the U.S. central bank, agreed. Yellen would “very much resist” such a label and “it’s not fair to give it to her.”...

Wall Street is working on a sugar high compliments of Goldman Sachs that won't stay there. Goldman has been waxing and waning over the past weeks since Trump was inaugurated. It is pulling the largest part of the gains since then.IIt won't last because it is artificial. 
Investing.com (click here) - The dollar held weaker on Tuesday with comments on trade from the Trump administration weighing on sentiment and investors looking ahead to the latest Fed views on rates on Wednesday.
The Fed indicated last month that at least three rate increases were in the offing for 2017. However, traders remained unconvinced. Instead, markets are pricing in just two rate hikes during the course of this year, according to Investing.com’s Fed Rate Monitor Tool.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.84% to 99.58. USD/JPY dropped 0.80% yo 112.86 after the Bank of Japan earlier in the day raised its outlook for growth and held policy steady. GBP/USD traded up 0.69% to 1.2572
EUR/USD rose 0.92% to 1.0792.
Earlier, the dollar tumbled against a basket of the other major currencies on Tuesday as the euro surged after President Donald Trump’s top trade adviser accused Germany of currency exploitation. Peter Navarro, the head of Trump’s new National Trade Council, said Germany is using a “grossly undervalued” euro to exploit the U.S. and its trading partners.
German Chancellor Angela Merkel rejected the remarks, saying that Germany cannot influence the value of the euro, and that the country has always called for the European Central Bank to have independent policy....

There was a time when investment was real and produced measurable goods and services. Today there less and less real and far more speculation and bubble  and bust. As soon as President Obama was out of office the games started all over again. When Goldman Sachs stock was the near single reason for $20,000 it told me all I needed to know, "The corruption and gambling are to powerful a drug. 

That is the current administration, all hubris while they march in the Ultra White Christian nation. There is no better distraction than Wall Street gambling.