The big story of the day was Mike Pompeo’s insane speech on our new Iran policy. This is not something that is at all sustainable. And it will backfire on us in the long run. The geopolitical upside for those affected by this policy is, at best, limited and at worst a profound negative.
So, this along with Trump’s trade belligerence with China is setting up an interesting dynamic whereby China can and will support not only Iran but also Europe through helping the dollar rise too far too fast.
Against the geopolitical craziness, the Democratic party is imploding as the conspiracy and treason of the Obama administration is laid bare. This could result in the kind of political cataclysm that changes nearly every dynamic.
All that and chips.
Halper Outed as Spy on Trump’s Campaign
Stocks mini-plunge after European Close – Get Used to This:
Italy is now a Major Risk Thanks to the New Coalition Agreement:
Emerging Market Currencies Getting Killed:
U.S. Dollar is Rallying: Right on Schedule
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