These are conflicting narratives, yes. But they don't have to be because, as Minsky quipped, stability breeds instability.
Trump's actions make German politicians of all stripes more committed to Europe. Mainstream German parties realize they need the EU more than ever.
Tesla is a completely speculative, junk-rated venture. Investors in the company are betting on Elon Musk's celebrity as a forward-thinker, hoping he can ramp up production and achieve significant economies of scale
Oil prices are at a point where Donald Trump may consider using the using the Strategic Petroleum Reserve to provide modest price relief to consumers.
Global equities have rallied. Of course, stock prices are not the end all and be all, but it stands in stark contrast to the cries that the sky is falling.
I think we need to follow this issue. It is a perfect intersection of energy security, foreign policy and financial issues that are very important for Europe and the US.
The yield curve has flattened to the point where two-year yields are only 25 basis points lower than 10-year yields. I have been predicting this outcome for several months and see this as a level to worry about the Fed's ability to engineer…
UPDATE 815AM EDT: I see Reuters has reported that "Trump says that NATO allies have committed to raising defense spending beyond 2 percent of GDP." This reporting validates everything I write here. ------------ We have a lot of new…
Trump is not merely a loudmouth, making enemies of America's allies. He is trying to muscle out Vladimir Putin and his Nord Stream 2 pipeline so that US oil and gas companies can benefit.