[expat_panama]

Good Morning and happy FOMC Day!

Again yesterday stocks remained in stasis going nowhere in even lower volume while gold and silver edge back up ($1,3221.50 and $19.50). 

Here's the full econ stat docket:

7:00 AM MBA Mortgage Index
10:30 AM Crude Inventories
2:00 PM FOMC Rate Decision

Elsewhere:

A Messaging Tip For The Donald: It’s The Fed, Stupid!
Federal Reserve Faces a Credibility Problem - Patrick Gillespie, CNNMoney
These Could Get Crushed If the Fed Raises Rates - Kenneth Rapoza, Forbes
Europe Will Regret Chasing U.S. Companies Away - Matthew Lynn, MW
Fair Price for Oil Is Around $70? Nope 'Not A Chance' - Tim Daiss, Forbes
Venezuela In Such Bad Shape It's Buying U.S. Oil - Krauss & Casey, NYT
Reckoning Comes for U.S. Pension Funds - Elizabeth Campbell, Bloomberg
Keep Your Wits When Stocks Come Unglued - John Prestbo, MarketWatc

[Russ]

The people who vote for Hillary don’t want tax cuts, they want tax hikes in order to get more free stuff. Most of them don’t pay taxes so they could care less.

[SaveFerris]

I don’t have a wallet left after Obama. I have an empty money clip.

50 cents in my pocket. Thanks for the Change and no Hope.

Hillary 2016!!!! Let’s continue the Obama disaster!!!

[Diana in Wisconsin]

“Democrats bash business tax cuts as ‘trickle-down economics’ to benefit rich Republicans. But the inspiration for Donald Trump’s tax reform came from a Democrat — John F. Kennedy — who faced a stagnant economy when he became president in 1961.”

I was just a little kid at the time but my folks and all four grandparents, ALL staunch Republicans, absolutely adored JFK & Jackie.

I wonder how much of DJT’s policies are resonating with folks going into their 80’s who still remember those days of Camelot?

Can’t hurt; might help! :)

[i_robot73]

My biggest gripe about the plan: “Trump proposes a zero income tax rate for singles making $25,000 and couples making twice that. Instead of paying the government money, they’ll file a one-page tax form that says, “I win.” “

NOBODY should be paying $0 in taxes; those that get a pass don’t care on the effort\cost of said ‘free ride’.