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The Damnable Cult Of The Stock Market And The Istanbul Bonesaw Massacre

During an appearance on Fox Business yesterday we were asked about the Khashoggi affair and whether any intemperate response by Washington might inconvenience the party kids’ reviling on Wall Street. Perhaps we were having a bad hair day, but the question did trigger a fairly intemperate response on our part. For crying out loud, Mohammed Bin Salman (MBS) is hands down …

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At Least One VC Man Knows How To “Cut” His Losses!

Crown Prince Mohammed bin Salman, center, met with a group of venture capitalists in San Francisco in June 2016. Photo: Bader Al Asaker The kingdom is now the largest single investor for U.S. startups, an unsettling fact for Silicon Valley
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What Boom? Mortgage Applications Hit Lowest Rate Since Sept. 2000

lowest applications since September 2000…  
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End To What Austerity? What Planet Does Theresa May Live On?

What planet does Theresa May live on? “A decade after the financial crash, people need to know that the austerity it led to is over and that their hard work has paid off. There must be no return to the uncontrolled borrowing of the past. No undoing all the progress of the last eight years …

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Insider Stock Sales Near All-Time Highs….Probably Nothin’!

…. at or near record highs,” TrimTabs wrote in a note.  
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Probably Nothin’!

       
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Mind The Red Ponzi—Total Credit Is Still Shrinking

impulse is still negative and remains at the lowest level it has been in two years.
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Two Jobs, Less Pay, No MAGA

    in August 2008, and the highest all the way back to 1999. There was o    
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Mind The Red Ponzi: Industrial Production Growth Is Flatlining, Consumer Spending Gains Are Faltering

Chinese Industrial Production Growth Is Flatlining   Consumer Spending Growth Is Faltering, Too  
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You Can’t Borrow & Build Your Way To Prosperity—Mind The Red Ponzi’s Sinking Red Line (FAI)

 Growth Internals – China (FAI, Industrial Production, & Retail Sales)
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