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The American System

2
Mar

March 1, 2017

March 2, 2017

Wall Street Bubble Tops Dow 21,000, Largely Based on Expectations of Tax Cut Bonanza Which May Not Arrive; Is Systemic Financial Crisis Once Again In Sight?; Despite Cosmetic Changes, Trump Speech to Congress Confirms Pre-Existing Policy, But Fails to Deliver Specifics; No Effective Replacement for Obamacare Offered; Deportations Continue As Revised Immigration and Refugee Ban is Postponed for Public Relations Reasons; Ryan-McConnell GOP Is Not Committed to Infrastructure; In Real World, Serious Upgrades Will Require Trillions of 0%, Long-Term Federal Reserve Credit