Posted from St. Martin (the French side, of course!). I kind of expected this to happen, as close friends and colleagues can attest. Trump is not only NOT going ‘drain the swamp,’ he’s populating it with a different breed of swamp monster. His choice for AG is a red-neck, right-wing senator from Alabama who, 80 years ago, would have been a member of the inner circle of the Third Reich. Ditto for the names that have been floated for Secretary of State. As for Treasury Secretary, the names floated for the position bear the unmistakable mark of the Wall Street beast: $6$6$6. They are every bit as vile, if not worse, than the thieves that moved through there the last 12 years. Jamie Dimon? Steve Mnuchin? Give me an F-ing break.
It is what it is. Out with the old, in with new old. James Kunstler penned another epic post that deserves a thorough perusal:
For all practical purposes, both traditional parties have blown themselves up. The Democratic Party morphed from the party of thinking people to the party of the thought police, and for that alone they deserve to be flushed down the soil pipe of history where the feckless Whigs went before them.
This post was published at Investment Research Dynamics on November 22, 2016.