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Thousands Now Signing Petition to Oust Federal Judge Kimba Wood Over Clinton/Soros Connections

Over 1,000 new digital signatures were placed on this online petition here in a 6-hour period yesterday urging House Speaker Paul Ryan (R-WI) to begin impeachment proceedings against Manhattan U.S. District Court Judge Kimba Wood. At the time of writing, FreeMartyG is also conducting polls on Twitter here and Facebook here, asking if Wood should […] ...

“It’s Frozen”: The Dramatic Impact Of Tax Reform On The Bond Market In One Chart

Even before Trump's tax reform passed, there were those who suggested that the practical consequences of the tax repatriation holiday on the financial market would be the equivalent of a mini Quantitative Tightening (QT), as it would result in a collapse in bond issuance - and thus liquidity injections - by multinational companies who would hence have full access to their offshore cash, which they could spend as they see fit with no limitations, and would no longer need to tap domestic markets to fund dividends, buybacks, and capex as Apple did for years. As a further reminder, all QE really is, is the creation and injection of liquidity in capital markets through the issuance of debt; traditionally the debt has been public as it was monetized by central banks in the context of partially locked up private capital market, however issuance of private debt satisfies the liquidity injecting criteria just as well. Which also means that inverting the process, whether in the form of maturing Treasury debt as part of the Fed's current tightening cycle, or debt being repaid with existing cash, is just another form of quantitative tightening as liquidity is simply soaked out of the market. Now, nearly...