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Roaring Back My Eye! (Part 2)
As we indicated in Part 1, what is happening now is the opposite of the supply-side recovery of the 1980s. The present ballyhooed “booming” comeback
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Roaring Back My Eye! (Part 2)
As we indicated in Part 1, what is happening now is the opposite of the supply-side recovery of the 1980s. The present ballyhooed “booming” comeback
Roaring Back My Eye! (Part 1)
When B-Dud (aka former Fed head Bill Dudley) says something, you can be pretty sure it’s what the vast majority of movers and shakers on
The False Economy Of Washington’s Coast-To-Coast Soup Lines, Part 3
There as never been anything like Uncle Sam’s stunning generosity during the past eight months. The aforementioned government transfer payments at a $3.1 trillion annual
The False Economy Of Washington’s Coast-To-Coast Soup Lines, Part 2
It also happens that during the 2012-2020 period when the OER-light PCE deflator was posting at just 1.3% per annum, the OER itself rose by
The False Economy Of Washington’s Coast-to-Coast Soup Lines, Part 1
It goes without saying that the disaster of Lockdown Nation has been greatly (and temporarily) ameliorated by the unsustainable surge in UI benefits, helicopter money,
DUMP TRUMP: The Empire Strikes Back—The Donald’s Iranian Folly And The Demise Of America First
Part 1. THE EMPIRE STRIKES BACK—THE DONALD’S IRANIAN FOLLY AND THE DEMISE OF AMERICA FIRST The Donald’s action to ash-can the Iranian nuclear deal was
Contrarian Reads
Ooooops! $5 Trillion Wiped Out From World Stocks Amid Fastest Collapse In History
The Dow Jones just saw its fastest collapse from an all-time peak since 1928, just ahead of The Great Depression.
Europe’s Central Bankers—Keep On Denying Their Lying Eyes
It would have been hard to, but it’s not beyond the capacities of central bankers to deny their lying eyes. In fact, it seems the
Our Triple-C Rated Economy: Complacency, Contradictions, And Corona
Consider the virus is now spreading rapidly to other suppliers of U.S. goods and services such as Korea, Japan, and Italy. What might not be
It’s The Virus, Stupid!
Of course it’s lovely that at the very moment China – falsely- claims to be regaining control, markets worldwide sink into a deep well and
Things Are Cratering
The second to crater was global bond yields. In this case, 10-year US Treasuries hit a low of under 1.36%, although we are back up
Supply Chain Disruption Escalates: Proctor And Gamble Says Over 17,000 Products Potentially Impacted By Coronavirus
Proctor and Gamble, one of the world’s biggest “everyday product” manufacturers, has now officially warned that 17,600 of its products could be affected and disrupted