Peak Trump: You Better Believe It!
Wall Street’s buy-the-dippers are soiling their diapers even as they are praying desperately for another round of dovish Fed braying.
Peak Trump: You Better Believe It! Read More »
Wall Street’s buy-the-dippers are soiling their diapers even as they are praying desperately for another round of dovish Fed braying.
Peak Trump: You Better Believe It! Read More »
Today was Jobs Friday and there was less joy in America last month than the headline 164,000 jobs print suggested. Actually, according to the ever perspicacious David Rosenberg the job count actually declined by 210,000 during July.
July Jobs: The Real Number Was Negative 210,000 (Part 1) Read More »
Well, at least some of those Fed-pampered buy-the-dippers got their comuppance good and hard today.
The Orange Swan Tweeteth Read More »
We consider ourselves reasonably competent in the rant business, but must take our hats off to MUFG’s chief economist, Chris Rupkey. His instantaneous smash down of the Fed’s idiotic decision to cut rates by 25 basis points is one for the ages and deserves to be quoted in full:
The Fed Is Schtupping Main Street, Again! (Part 1) Read More »
Yesterday was Meatless Monday, but not the real kind they had during the dark days of World War I, when some foolish war mobilization bureaucrats in Washington caused a drastic shortage of beef, pork and chicken throughout the nation.
Meatless Monday And The Fake Market Read More »
You can’t make it any clearer than in the chart below. Wall Street has been stimulated into a monumental asset bubble because that’s what Keynesian central banks do. They can’t make inflation in one country—stupid as that objective may be—because inflation is rooted in intricate global dynamics that are not controllable by the crude instruments of
Yes, Virginia, You’re Damn Straight It’s A Bubble Read More »
You couldn’t have timed that better. The Donald managed to hold on to a “2” in today’s GDP report, but it was entirely due to a boom in government spending.
We heard a CNBC bubblehead this morning chiding seasoned tech investor and Tesla skeptic, Roger McNamee, for being to “quarter focussed” with respect to Elon Musk’s car wreck. The jist was that Tesla is a brilliant disrupter that needs time to work its magic and should not be judged by ordinary standards of profitability.
The Suspension Of Disbelief (aka Whistling Past The Graveyard) Read More »
At his wrap-up press conference in May, Robert Mueller sternly underscored what he called “the central allegation” of the two-year Russia probe. Namely, that the Russian government engaged in
Not Mueller Time–At Last! Read More »
The Donald is about to get whacked good and hard by that which he already fears: A final blast of QT, but this time one with no dilutive offsets.
Liquidity Shock—The Next Leg Of The Donald’s Abominable Budget Deal Read More »