US Mass Media-Government Ties Remain Strong on Russia-Bashing

Someone can independently have a pro-American and pro-Russian stance, without coordinating his/her views with a government. This observation doesn’t omit the possibility of such a person periodically interacting with government or government-connected people (American, Russian or other) – a point that concerns Butina.

Bill Blain: When There Is Too Much Cash around the Market Can Remain Irrational for Longer…

One of the key factors driving stocks higher in the wake of a trade “accommodation” rather than a peace treaty is momentum – markets want to go higher, anticipating growth. But the market is equally driven by the volume of cash ready to be thrown at it.  There is no shortage of ready liquidity - in this sense of too much easy money chasing too few assets, rather than liquidity: “who wants to buy this” conundrum.

Perils of the New Keynesians

To the extent that government can stimulate growth, it’s through structural reforms that improve the investment climate: Cut red tape. Reduce workplace regulation. Fast-track tax cuts. Fix the state-based payroll taxes and stamp duties on property that stifle labour mobility. Make the 30 per cent company tax rate more internationally competitive. Break the construction union’s monopoly power. Restore monetary policy to its appropriate role of maintaining price stability.

Paul Craig Roberts: A Successful Coup against Trump Will Murder American Democracy

As Biden was US Vice President at the time and is currently the leading Democratic candidate for the US presidential nomination, he is clearly guilty of what Trump is accused. Why is only Trump subject to investigation? If an offense that is merely suspected or alleged suffices for impeaching a president, why isn’t a known and admitted and bragged about offense reason to disqualify Biden from being president?

Bill Blain: Melt up or down?

There is massive danger is a reeling bond market.  If we see rising yields morph into a serious bond market meltdown, the melt-up in stocks could split and go rancid very quickly. Rising rates have massive negative implications for corporate credit and without the juice of further central bank easing – stock markets could well lose heart.

The Syrian Constitution Committee Is Formed: The Easy Part

Finally, the government and the opposition are aware of the power disparity between them, which brings to mind Thucydides dictum “The strong do what they can and the weak suffer what they must.” However, the ultimate question and determining factor is: will the influentials see to it that a new constitution is drafted and the peace process moves on to the next step?

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