Out-Of-Control.

Congress developed and the President signed a bloated bipartisan two-year spending deal, loaded with “pork” and lauded by Trump as containing money for jobs and more than the military asked for. The massive $600+ billion bill includes increases in both defense and non-defense spending, for both 2018 and 2019—conveniently moving the next possible spending confrontation past 2018 elections.

Into The Light.

It’s hard to say how far ramifications from Friday’s release of the so-called FISA memo will extend. After all the hype, the memo itself seemed a bit underwhelming. However, Rep. Nunes and others note that it contains “clear evidence of Russian collusion” – paid for by the Democratic Party and the Hillary Clinton campaign … and the Mueller investigation wouldn’t have been authorized without it.

Mission Accomplished

The U.S. military did what it does best. Allowed to operate by a hands-off President, U.S. forces routed ISIS—which now occupies just 3% of Iraq and 5% of Syria. U.S. forces will remain “as long as ISIS wants to fight,” …

Bringing Business Back Home

The boldest rewrite of the U.S. tax code since 1986 cleared the Senate Saturday and began the process of reconciliation with the House bill, with the President planning to sign it before Christmas. The major beneficiary of the $1.2 trillion …

Heading back down

The next economic leg forecast by Martin Armstrong’s Socrates computer software turned down last weekend. Having accurately forecast the improvement in confidence which we’ve seen in America following the election of Donald Trump, Socrates next leg is a darkening period from …

Teetering Governments

The Zimbabwean military overthrew the government of 93-year-old dictator Robert Mugabe and placed him under house arrest. Mugabe’s sacking of his vice president and subsequent attempt to set up his wife as successor triggered the action. The country’s chaotic economy …

Making America Proud Again

President Trump was greeted with a red carpet on his arrival in China (Obama was required to exit Air Force One through the rear door). Donald and Melania Trump were granted a rare dinner at the Forbidden City, an honor …

Tax Reform With A Heavy Dose of SALT

Under the stigma of being tagged in 2018 as the most non-productive Congress of all time, DC reps are working hard to create and pass by Thanksgiving the biggest tax code rewrite since 1986. Tax changes and simplification are potentially huge, but details are being kept under wraps in hopes of staving off sabotage from a huge wave of lobbyists, determined to preserve loopholes that benefit their clients.

Voting for Independence

Having imprisoned two of Catalonia’s main separatist leaders, Spanish PM Rajoy announced plans to remove leadership and replace it with direct rule by the central government in Madrid. Defiant Catalan leader Charles Puigdemont told Catalans, Spaniards and the rest of Europe on TV that Spanish imposition of Article 155 is a “humiliation” and “the worst attack against the institutions and people of Catalonia since the military dictatorship of Francisco Franco.