Steve Mnuchin’s Thoughts On Wages And Inflation Are Predictably Nonsense



This Is ‘Atypical’: Hedge Funds Ride Out Correction By Sticking With Most Crowded Positions

Well in a testament to the relative merits of doing the opposite of what David has been doing by simply riding the wave in the bubble stocks (with leverage) at a time when nothing makes any sense…

Good News: Marko Kolanovic Still Sounds Pretty Bullish

Gandalf. Need more Gandalf.

David Stockman: ‘This Is Getting Pretty Ridiculous’

“Mind you, while that number wasn’t exactly diminutive, it had taken all of 188 years to accumulate. That is to say, Uncle Sam had borrowed an average of $28,000 per week during the 9,776 weekssince George Washington was sworn in as the nation’s first president.”

Fly Me To The Moon.

I was told Icarus would be unleashed.

Trump’s ‘Guns For Schools’ Policy Is Getting Tremendous Reviews

Wilbur Ross To CNBC: I’m Going To ‘Turn The Moon Into A Gas Station’

The only thing that stands between America harvesting space riches from asteroids is Wilbur Ross turning the moon into a gas station. Why didn’t you say so?!

BoJ May Need To Buy Foreign Bonds After Running Out Of Other Shit To Buy

Fun with the BoJ!

When Are Bond Yields ‘Kryptonite’ For Stocks? The Debate Rages On…

“Clients and colleagues are asking if there’s a magic interest rate that’s kryptonite to stocks; is it 3.0% or 3.5% on the 10Yr Treasury?”

Trump: Need Armed Teachers With ‘Military Training’ For School Gun Battles With ‘Savage Sickos’

Coming soon to a school near you.

ECB Minutes Show Bank Concerned About ‘Premature’ Emancipation (Of Markets)

Happens to a lot of guys.

China Is Back!

Well, the Chinese are back.

David Stockman Compares ‘This Time’, To Last Time And It Actually Is ‘Different’

“In that cyclical context, the historic record leaves little doubt about the foolishness of pricing the stock market at peak PE multiples during the final innings of the business cycle.”

Goldman Weighs In On The Fed Minutes

Are you still trying to figure out what to make of the January Fed minutes?

Wait, What?

If you don’t have a sense of humor, the market’s reaction to the Fed minutes was probably pretty frustrating for you.