Stockman’s Corner

We heard a bubblevision bobble-head early this morning predicting a good jobs report because the US economy purportedly remains “white hot”. Sure enough, the BLS report hit at 8:30 AM and 10 minutes later Investor’s Business Daily trumpeted the white hot news: Wage Growth Hits 9-Year High As Economy Adds 201,000 Jobs  Not quite so fast.

Well, Mr./Mrs./Ms. Anonymous didn’t pull any punches. He/she/they/it took to the op ed pages of the NYT to announce that there is a coup underway in the White House—the kind of bald-faced election-tampering that our putative Russian meddlers could only drool about. What we mean is that America knowingly elected—for better or worse—an unstable, impetuous, bombastic, megalomaniacal, trash-talking Great Disrupter. That’s what

Today’s plunging trade deficit was a reminder that the Donald is on to something with respect to the nation’s sputtering economy—even if he is out-to-lunch about the causes and the solution. As it happens, the monthly trade deficit for July at $73.1 billion was among the 5 worst in history; and there is absolutely no confusion about

It’s hard to know where to start on the topic of our title because it’s apparently becoming a nearly universal condition. For instance, we actually heard some bubblevision bobbleheads today averring that Nike’s Kaepernick Kaper makes for a wonderful opportunity to buy the resulting $4 billion dip. In other words, nothing is stupid enough to make the stock

It is virtually impossible to over-state how badly broken and corrupted the financial markets are owing to three decades of financial repression and monetary central planning at the Fed. Not only have the central banks drastically falsified money market rates, bond prices, the yield curve and risk asset prices, but they have also reduced the day-to-day narrative on

We are not sure what time the Donald has breakfast every day, but presumably when he let loose of the doozy reproduced below at 7:20 AM it was before his eggs and bacon had gotten cold. Indeed, unlike Lewis Carroll’s Queen of Hearts who claimed to have believed only six impossible things before breakfast, the Donald’s twitter account is apparently capable of

Today’s revised 4.2% real GDP print naturally gave the robo-traders another opportunity to hit the “buy” key and the Donald a chance to beat the tom-toms about MAGA. But you have to wonder how many times this Lucy and Charlie Brown stunt can be replayed. Today’s GDP report is not remotely evidence of a strong economy or MAGA, and

When it comes to the Donald’s simulacrum of an economic program, we are reminded of the Queen of Hearts from Alice in Wonderland. Like Lewis Carroll’s character, Trump seems to do his best thinking tweeting about a half hour before breakfast; and when it comes to economics, more often than not it consists of impossible things: “Alice laughed: