Contrarian Reads

2nd Half Global Auto Rebound? JPM Say Forget About It

In a new note out early this week, J.P. Morgan has shot down the idea of a second half resurgence in the automotive sector that many had expected would be the turning point for the industry, which is now mired in recession.                   https://www.zerohedge.com/news/2019-06-18/jp-morgan-forget-about-auto-sales-rebounding-second-half-2019

The TIC Report Reveals The Landmine; This Time Is Already Different

I’ve been writing since October when China reopened from that month’s Golden Week holiday that big dollar problems were imminent. You needn’t have taken my word for it, the PBOC said as much. Not directly, of course, but in interpreting the central bank’s anticipated behavior left little doubt.               …

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BTFD! The Donald Just Declared Currency War On Top Of His Trade War

Amusingly, Draghi’s somewhat striking admission of defeat, prompted an immediate response from none other than the US president, who tweeted “Mario Draghi just announced more stimulus could come, which immediately dropped the Euro against the Dollar, making it unfairly easier for them to compete against the USA. They have been getting away with this for …

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Meet Senator Tom Cotton: A War-Mongering Neocon Simpleton Who Is A Disgrace To America

Tom Cotton has distinguished himself as one of the worst Iran hawks in Congress over the years. He led the opposition to the nuclear deal, and went so far as to organize a letter to Ayatollah Khamenei telling the Iranian leader that there was no point in negotiating with the U.S. Cotton has been a …

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Why “Inflation” Has Become Immeasurable And The Fed’s 2.00% Fetish Pure Idiocy

But all this is part of the calculations of inflation. It’s murky, full of examples and counter-examples, and contradictions, and theories. There are geographical differences. Gasoline is a lot more expensive in California than in Texas, but health insurance is cheaper (personal experience). Cars are priced similarly everywhere, but prices may be more negotiable in …

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Why The Empire Is Failing: The Horrid Hubris Of The Albright Doctrine

How to describe U.S. foreign policy over the last couple of decades? Disastrous comes to mind. Arrogant and murderous also seem appropriate…….First is overweening hubris. In 1998 Secretary of State Albright declared that “If we have to use force, it is because we are America: we are the indispensable nation. We stand tall and we …

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War Is The Health Of The Deep State

But for the few, war is immensely profitable. Like almost any other government project, war is mostly a transfer scheme… to move wealth from the middle classes to the privileged few. Economic warfare, too – sanctions, tariffs, and currency manipulation (proposed by Elizabeth Warren) are ways to achieve the same goal, without the human losses. …

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