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    • Five Hundred Million Dollar Negative Yield Bond Issued
      No, central banks aren’t screwing the economy up with their purchases: Veolia (Paris:VIE) has issued a 500 million 3-year EUR bond (maturity November 2020) with a negative yield of -0.026 %, which is a first for a BBB issuer. To be clear, central banks didn’t buy those bond, investors did. But central bank purchases of […]
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Innoculation

I left my phone at home today and have been going through withdrawal symptoms.  Are we waiting for a Republican with a conscience to tell Trump to step down, yet?  Need I remind you that it doesn’t work that way with Republicans?  Remember Valerie Plame?  Iran-Contra?  9/11??

Donald Jr’s boneheaded revelations remind me of what the Mormon Church does just before a Mormon blogger or podcaster has an “Hey, we’ve been eating grass!” moment. The church wants to make sure the revelations about Joseph Smith’s multitude of wives, his quirky interpretation of the Book of Abraham and other interesting peccadillos of the martyred religious leader don’t spread too far outside of the colony of future excommunicants. 

So it inoculates the faithful. It puts out some information on its own betting that members who have an investment in the religion will accept the Church’s spin on the controversy. Apologetics are deployed and essays are written and the shock is mitigated. 

I’m not saying that’s what’s going to happen here. Clearly, there are many very good reasons to want to get rid of Trump. We’ve never had a president so completely unsuited to the office. Even the people who don’t like government are going to start feeling what it’s like to live under a corrupt regime and will eventually hate it. 

But don’t expect Republicans to be too eager to get rid of him yet. They still have some nasty-wasty legislation they want to pass in the dead of night and they need his signature. They probably don’t care about the chaos yet. 

And they may be hoping that getting it out there and making Jr look foolish will deflect attention away from Sr. Journalists seem to be on to this but the rank and file Trump voter might feel like she got a vaccine. 

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Covfefe, Preciousssss

Andy Serkis reads Trump’s tweets in the voice of Gollum. Pick it up at the 3:43 mark: