Baby Birds.

I think people might be missing some of the nuance inherent in what’s happened to markets this month. 


David Stockman: ‘You Cannot Build An Entire Economy On Pilates Instructors’

“…they’ve simply deleted the entire industrial economy  from the dashboard.”

David Stockman: ‘Goldilocks’ Is A Figment Of Your Imagination

“That was fast.”

Albert Edwards: ‘Trump’’s Grotesquely Ill-Timed Stimulus Will Be Trigger For Market Implosion, Recession’

“…a ruinous fiscal deficit in excess of 15% of GDP will be Trump’s legacy.”

Wall Street Weighs In On ‘Super-Important’, Bigly Tremendous CPI Beat

“…inflation risks are clearly shifting to the upside.”

CPI Quick Take: What Happens When The Battle Is ‘Won’?

That’s the question.

The Most Critical Number In The World Or Mountain Out Of A Molehill?

And so we waited, breathless.

Market Correction: Lessons From 2006

If you’re looking for some confirmation bias for your still-bullish outlook…

‘This Is Poorly-Timed’: Credit Suisse Ups Rate Hike Forecast Amid Budget Boondoggle

Don’t say you weren’t warned.

David Stockman Bemoans ‘The Night Of Fiscal Infamy’

“We have crossed the fiscal Rubicon.”

David Stockman Presents: The Two Elephants The GOP Has Forgotten

“Indeed, they are the proverbial elephants in the room, thereby giving rise to a considerable irony: To wit, the GOP party of the elephant, which is supposed to be the palladium of financial rectitude in American politics, has forgotten about them completely.”

David Stockman: ‘Run! This Casino Is About To Blow’

“… if you are still in the Wall Street casino, run don’t walk toward the nearest emergency exit.”

David Stockman Rips Trump’s ‘Delusional SOTU’

“Donald Trump is walking himself right into a miserable trap. He and his putative “advisors” are apparently so blind to the severe headwinds facing the financial markets and the deep structural impairments plaguing the US economy that they have eagerly embraced a veritable fairy tale.”

Still No ‘Motive For Murder’?

After Tuesday, you might be in need of a palliative vis-à-vis your growing sense of angst about what effect the ongoing bond rout will have on your previously bulletproof collection of grossly overvalued equities.

David Stockman Exposes Trump’s ‘Davos Delusions’

“Somehow the Donald managed to say less during his 15 minutes of fame at Davos  than even the swamp creatures he abhors might have offered up. But the pity of it is that the whole thrust of what he did say was dead wrong.”