“After 62 weeks, the present cycle has had the fewest corrections (six times) relative to other hiking cycles (Chart 3). By contrast, the equity market was turbulent during the 1999-2000 hiking cycle with 14 weekly corrections of at least 1.5% in 52 weeks.”
“This dramatic decline is primarily down to the US having been demoted to a â€œflawed democracy,â€ in the classification of the EIU – as a result of low public confidence in the government.”
Joe Biden is following me. I go to lunch at Mickeyâ€™s Diner and heâ€™s sitting two stools away, wearing a stocking cap and a fake mustache with a fake nose and glasses but he says, â€œHey, howâ€™s it going, fella?â€ Itâ€™s Joe Biden. So pathetic. Sad.
For the enterprising among you and/or for all the poor people out there who, thanks to the above-mentioned Jason Chaffetz, are now trying to figure out whether to trade in that goddamn iPhone for a WalMart pre-paid, Goldman has a handy table for you and some accompanying color…