Stockman’s Corner

November Jobs: No Blowout, No How

Here we go again with another “blowout” Jobs Friday report that wasn’t remotely all that. Yes, the November  headline print of 266,000 included 86,000 mostly lower paying jobs in health and education, which are mostly funded by the public fisc—plus 45,000 very low-paying jobs in bars, restaurants and hotels and 54,000 jobs in manufacturing that were actually GM strike rebound jobs and were up …

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The Menace On Wall Street And The Gong Shows Of Washington

With each passing day the casino becomes an ever greater menace because it embodies an ultra-fragile Super-Bubble which is at the mercy of the out-and-out lunatics who dominate all levers of power in the Imperial City. That is, the deranged House Dem Caucus, the money-printing fools in the Eccles Building and the Orange Swan himself. As to …

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Trade Talk Leaks: From Circular Double-Talk To Mendacious Gibberish

After two gloomy days for stocks at the start of the month which led to the worst December for the S&P since 2008, markets rebounded around the globe following an unsourced Bloomberg report that said the trade negotiations with China are still very much on track “according to people who wish to remain anonymous” (such …

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Buckingham Palace Contretemps And The Real Job Of The Great Disrupter

There is nothing like a hot mic at a gathering of the world’s great poobahs to give you a glimpse of unscripted reality. We are referring, of course, to yesterday’s NATO contretemps involving three of the wanna be Mighty Ones—Boris Johnson, Emmanuel Macron and Justin Trudeau—who were overheard making exceedingly light of the Donald’s long-winded and often unhinged press conferences during the event. The Canadian prime …

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Why Trump Can’t End The Forever Wars

Secretary of Defense Mark Esper has imported into the American military lexicon a new rationale for U.S. military actions in the Middle East. It’s called “mowing the lawn,” but it has nothing to do with keeping the grass trimmed. “To mow the lawn,” Esper recently remarked to reporters, “means, every now and then” giving your …

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Hey, Donald. You Boast It, You Own It!

The Donald didn’t pull any punches amidst his oratorical flight at Sunrise Florida last night when he proclaimed, “….the  stock market just hit another all time in history high. Meaning 401ks and jobs. Everyone’s getting rich…..and I’m working my ass off” In point of fact, it never, ever gets more delusional than that. The Fed has unleashed …

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Capitalist Prosperity In Peril, GOP Conservatives Gone AWOL, Part 1

Capitalist prosperity and constitutional governance are under dire existential threat in America, and the three main causes are the Fed, the Fed and the Fed. The leading edge of the this threat, of course, is impending fiscal catastrophe, anemic economic growth and a rapidly metastasizing maldistribution of wealth. All three stem from the destructive regime of Keynesian central banking which …

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Intellectual Property Theft: Not The Ill It’s Cracked Up To Be

That’s the key. This is not a problem Trump can solve. If businesses feel they are losing money doing business in China, they have a choice: They can decide they are making enough money anyway and it’s all worth it, or they can leave.             https://moneymaven.io/mishtalk/economics/trump-s-impossible-fight-to-stop-theft-of-ideas-lUuakp1tuEeHk4SFmzAAXA/