The Fed and the ECB are retreating from the business of ensuring market calm.
By Mohamed A. El-Erian December 30, 2018, 6:30 PM GMT+11
[...]
Yet much of the volatility of recent weeks is due to factors outside the Fed’s control. They include:
* A slower global expansion as both Europe and China struggle to implement of pro-growth policies;
* Other economic concerns, from the partial shutdown of the federal government to trade policy as markets wait to see which concessions China will offer the U.S. to end the trade war between the two countries;
* Asset prices that, for years, were decoupled from fundamentals amid ample and predictable liquidity; and
* The proliferation of passive investing, computer trading and exchange-traded funds, including some that promised liquidity in inherently less liquid asset classes, potentially amplifying the risk of contagion both on the way up and on the way down.
It is only a matter of time until the spot light also shines on the ECB.
The Great Unraveling Of President Donald Trump's Defenses | Deadline | MSNBC
"The MSNBC Show Where President Donald Trump Aides Make Their Case | The Beat With Ari Melber | MSNBC"
MSNBC Published on Dec 17, 2018
WaPo’s Aaron Blake, MSNBC analyst Elise Jordan, former Rep. David Jolly, former U.S. atty Harry Litman, and former fed prosecutor Paul Butler on the weekend twitter spree over the multiple investigations he's facing & more bizarre statements from his attorney Rudy Giuliani
President Donald Trump's Impeachable Offenses Became More Impeachable | The Last Word | MSNBC
MSNBC Published on Dec 12, 2018
Trump's impeachable offenses became more impeachable after Cohen was sentenced for election crimes directed by Trump, federal prosecutors revealed they have more witnesses to corroborate Cohen's account, and New York's AG plans to investigate Trump's businesses and his family. Lawrence discusses with Ron Klain and Jill Wine-Banks.
Incoming New York attorney general plans wide-ranging investigations of Trump and family
Just-elected Letitia James, who takes office next month, tells NBC she will probe real estate deals, Trump Tower meeting, emoluments, Trump Foundation and more.
New York Attorney Gen.-elect Letitia James, who takes office next month and is planning extensive probes of President Donald Trump and his family members. Andy Katz / Pacific Press/LightRocket via Getty Images file
Eric Schneiderman, Barbara Underwood and now Letitia James all make a splash on the news and then quietly fade away. Would you like to walk that back today? The Trump foundation is no more thanks to New York's attorney general https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145545944
----- Trump has been walking a tightrope of lies
[...]
Potentially more serious for Trump and his family in the long run, however, is what the New York state probe might discover.
How much of the Trump Organization’s revenue has come from the sale of luxury real estate to oligarchs from Russia and other kleptocracies? Where did these buyers’ money come from? Why was Deutsche Bank — recently raided by German authorities and under investigation for money laundering — the only major financial institution willing to lend money to Trump in recent years? Where did Trump’s company get the large amounts of cash used in several transactions that Post reporters uncovered? How much commingling of funds was there between Trump’s company and his eponymous foundation?
Trump’s longtime accountant, Allen Weisselberg, has turned state’s evidence. He may be the Virgil who guides federal, state and local prosecutors through a Trumpian inferno of shell companies and opaque transactions. The outlines of Trump’s fate begin to emerge. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145456250 -----
Dem Lawmaker: Shutdown Won’t Stop Probes Of President Donald Trump | The Last Word | MSNBC
MSNBC Published on Dec 28, 2018
Trump reportedly believes the shutdown could delay Democratic investigations of the Trump Administration. But Rep. Steve Cohen, who sits on the Judiciary Committee, sets Trump straight in an interview with Ari Melber.
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