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The American System

Aug 2017

August 2, 2017

August 3, 2017

Trump Gloats Over Dow 22,000, But Stock Market Is Now in Bubble Territory as Perils Multiply: Italian Banking System Almost Blew Up Last Week, and U.S. Shares Have Advanced on Very Narrow Front; Congress Must Pass Debt Ceiling Increase and 2018 Budget in 14 Legislative Days By End of September in Face of Tea Party Sabotage; GOP’s Tax Cut Promises Delayed Into Next Year, So Bonanza Expected By Super-Rich Will Not Materialize, Threatening Panic; P/E Ratios Now Worse Than 2000 Dot Com Crash; GOP Senators Disregarding Trump; Flake Sees “Spasms of Dying Party” as Republican Future