- Bernie Sanders is looking directly at Wall Street to pay for a lot of the free stuff he hopes to give away as president. His proposed financial-transaction taxes would supposedly collect tens of billions of dollars, but that's just the starting point. Feeling the Bern. It will take a lot of tax revenue from a lot more than just Wall Street fat cats to finance Mr. Sanders' grand plans.
- Gold gives something back after its risk-off rally. The influence of China and some profit-taking.
- Increased differentiation in credit for the first time in a long time. The fragility of this system is on full display now.
- Drawing parallels between the financial crisis of 2016 and 2008. “I would say it amounts to a crisis.”
Investment Insights: The Blogblog
Jeff Benjamin breaks down the game for advisers and clients.
Where and how Bernie Sanders wants to hit Wall Street
Plus: Gold retreats slightly, increased differentiation in credit markets, and this isn't 2008 yet
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