Author: Mike Mish Shedlock

In lieu of firing Powell, President Trump has a new idea: Convene the PPT

Senator Rand Paul listed a barrage of Tweets of things to think about for the new year.

Trump backed off firing Powell and former NY Fed president William Dudley chimes in on the matter.

Trump is extremely displeased with Powell’s rate hikes. Trump has asked advisors if he can fire Powell. Watch out.

“By the end of next year, the war in Afghanistan will be over.”

The Nasdaq officially went into bear market territory today. Expect things to get much worse.

Trump promises a “beautiful wall”. Better not be trapped on the other side. It’s already happened.

Markets briefly rallied on a CNBC interview with NY Fed president John Williams. It didn’t last long.

Consumer spending, commercial spending and exports were revised lower, while inventories were yet again revised upward.

Treasury Secretary Mnuchin says investors will now move from bonds into stocks. Excuse me, but’s that’s impossible!