“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
07 February 2015
US Equities: Rich Valuations, Insiders Selling
Stocks seem to be rather fully valued in expectations of The Recovery™.
Happy days are here again.
For some.
Central Banker's Joke
Q. How many monetary policy errors does it take to destroy the world's greatest middle class?