Donald Trump's "Day One" in office is now less than two weeks away. He promised American voters a lot of action on his first day, but in the past few weeks he seems inordinately focused on some rather odd (one might say: "downright bizarre") goals. He has become a big fan of expanding America in what can only be called imperialistic fashion -- adding Canada, Greenland, and the Panama Canal to the American map. Today he floated a new idea, this one not a land-grab but instead of a sort of water-grab: he wants to rename the Gulf of Mexico the "Gulf of America," for no particular reason (other than to annoy Mexico, one assumes).

Read Complete Article »

So, let's review, shall we? Last weekend, seven million Americans took to the streets to protest Donald Trump, in the biggest political protest this country has ever seen. The theme of the protest was: "No Kings!" So this week, Trump responded by acting in what can only be described as kingly fashion, in as many ways as he could dream up -- including a rushed demolition of one-third of the White House, without consulting anyone or even attempting to get anyone's permission. He sent the demolition crews in, and within a few days the entire East Wing was nothing more than a pile of rubble. All because a royal decree had been issued.

Read Complete Article »

Today's job numbers are bad. There's no getting around it. So Donald Trump reacted to this bad news by immediately firing the messenger. Which is really bad. "Banana republic" bad, in fact. We should all expect Trump to name the next head of the Bureau of Labor Statistics who will then dutifully report next month that "in August, America added eight million new jobs, thanks to our Dear Leader's brilliance." Because that is obviously what Trump wants to hear, instead of any proof that the fantasy world he inhabits in his head is rosier than the actual reality in which the rest of us live.

Read Complete Article »

The next few weeks could be fairly pivotal for the U.S. economy, with new monthly economic numbers being released telling us where we are now, while perhaps new tariff numbers will be imposed by the end of the week which may tell us where we are headed with the rest of the world. All of these outcomes hinge mostly on how Donald Trump's big trade war with the rest of the planet continues to play out.

Read Complete Article »

It's not exactly front-and-center in the news, but Republicans have entered a budgetary crunch time in a big way. The outcome is going to be extremely significant to hundreds of millions of Americans, but reporting on it is time-consuming and detail-oriented, so it's a lot easier to just chase whatever shiny object Donald Trump trots out for the press instead.

Read Complete Article »

Next month, America will celebrate its 249th birthday on July 4th. But the rest of the world will be much more concerned with what happens five days later, on July 9th. That is the deadline for Donald Trump's 90-day "pause" in what he calls his "reciprocal tariffs" on the rest of the world. Either countries have a new trade deal in place with the U.S. by that date, or else steep tariffs will once again be imposed upon them.

Read Complete Article »

This week, Wall Street figured out something about Donald Trump (that Vladimir Putin has known for quite a while now) and gave it a catchy name: "TACO." This stands for: "Trump Always Chickens Out."

Read Complete Article »

There are two basic ways to successfully deal with a bully: you can stand up to him, or you can laugh at him. Wall Street is apparently now taking the second route, as traders openly ridicule Donald Trump.

There's a new acronym making the rounds on Wall Street: "TACO," or (more specifically) the "TACO trade." It stands for "Trump Always Chickens Out," and it refers to the resilience of the markets after a cycle which is becoming more frequent in Trump's tariff war. The cycle starts when Trump, in a fit of pique, announces insanely-high tariffs will be levied. The market then tanks. Trump then backs off and announces he will be "pausing" the tariffs, or severely rolling them back. The market then gains back what it had lost.

Read Complete Article »

Once again, the Republican Party has laid out its real agenda, in the form of a federal budget. And once again, they have proven what their real priorities are: cutting taxes on the wealthiest Americans no matter what -- no matter who has to pay for it, or how.

Read Complete Article »

If you'll check a historic calendar (which is easy enough to do), you will clearly see that there are three possible days which could validly be celebrated as marking the end of World War II. They are: August 14th, August 15th, or September 2nd. The initial announcement of the surrender of Japan was made on August 14th, in Japan. Due to the nature of time zones, this happened when it was August 15th in America already. Then the formal surrender, which happened on the deck of the battleship U.S.S. Missouri, was signed on September 2nd. The president at the time, Harry Truman, announced the United States would celebrate what was known as "V-J Day" (for "Victory over Japan Day") on September 2nd. So that would be the most likely day you'd expect any subsequent American president to announce as a new semi-holiday, since it was when World War II actually officially ended. But you'd be wrong.

Read Complete Article »