Monday, November 14, 2016

MONDAY 11/14/16; Japan Q3 GDP; China Economic Data; US 30-Year Yield Above 3%; US Dollar Index Tags 100; SORL; Fed Speak; INDU (Dow Industrials) and RUT (Russell 2000) New All-Time Highs; AAP; ZOES

New Zealand is hit with a 7.8 magnitude earthquake. Two people are killed. Property damage occurs especially earth slips that are covering highways with dirt. The New Zealand dollar (kiwi) drops with the currency pair printing 0.7085. Businesses and schools are closed.

[Text is redacted. Purchase the 2016-11 chronology to enjoy November's economic and market history.]

Steve Mnuchin, a Goldman Sachs banker, is Trump’s leading candidate for Treasury  Secretary. GS and other investment banks are always in the shadows controlling policy and making sure the wealthy preserve their riches. Trump already appointed Steve Bannon, the Breitbart executive, an ex Goldman man, as his chief strategist.

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