[expat_panama]

Whoa, welcome to a TERRIFICLY FABULOUS DAY!  Stocks are back up in rising volume, precious metals still trade nicely and futures traders say stocks will be up +0.56% an dmetals +0.78%.  Reason? today we get the GDP numbers:

8:30 AM GDP - Third Estimate
8:30 AM GDP Deflator - Third Estimate
8:30 AM Initial Claims
8:30 AM Continuing Claims
8:30 AM International Trade in Goods
10:00 AM Pending Home Sales
10:30 AM Natural Gas Inventories
 

Everything's perfect and everyone in the news knows it:

The Fed Is Leading Us To Economic Hell:Neither Trump nor Clinton Gets Economics - Mark Hendrickson, Forbes
Are Stocks In the U.S. Headed To the Moon? - Mark Hulbert, USA Today
Trump Is Owning Ms. Clinton on Trade - Alex Shephard, The New Republic
How Bankruptcies Shaped Trump's Political Style - Jonathan Lipson, USA
Inequality Built Donald Trump Coalition - Richard Reeves, Las Vegas Sun
Hillary Clinton's Big Tax Policy Mistake - David Leonhardt, New York Times
Open Letter to Trump Senior Advisor Peter Navarro - Don Boudreaux, CF
The Clintons May Have Had a Role In the '08 Crisis - Editorial, Investor's

[uncitizen]

Bkmk

[Mr. Douglas]

Remember, Tulip bulbs were up. Until they weren’t.

The doom and gloomers are right. It’s just that their timing is bad. Bill Bonner kind of mocks himself when he gets on this. He says it’s definitely coming, and should already have been here, but he underestimated their ability to keep kicking the can down the road.

It will happen, probably VERY soon, but they will do everything possible to stop it until it is out of their control. It’s inevitable. What is going on can only be “voluntarily” stopped by HUGE austerity measures, which would be catastrophic for world economies and, frankly, the very life of hundreds of millions of human beings.

Or we can take the non-voluntary out, which will lead to a hot WWIII.

Rock, meet hard place.