I think people might be missing some of the nuance inherent in what’s happened to markets this month.Â
Category: economy
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: ‘TrumpÂ’’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.”
David Stockman: Politicians Should Be ‘Petrified’ Of This
“Even as a matter of economics 101, the forthcoming $1.8 trillion of combined bond supply from the sales of the US Treasury ($1.2 trillion) and the QT-disgorgement of the Fed ($600 billion) is self-evidently enough to monkey-hammer the existing supply/demand balances, and thereby send yields soaring.”
What Would Another Black Monday On Wall Street Mean For The Economy? Goldman Answers
That raises this question: ok, what would happen to that growth impulse were stocks to crash?
Trader: Everyone Is Missing This Important Indicator
” And although many market participants focus on quantitative easing and other high powered money supply levels to measure potential inflation, the truth of the matter is that private sector money creation is much more important.”
Here’s What Wall Street Thinks About The Government Shutdown
The government isn’t working.
Rick James And Recession Risk.
Charlie Murphy.
David Stockman: Here’s Why This Time Is Different
“But that’s not the half of it:Â Those massive buys were accompanied by a giant amplifier in the form of front-running speculators and arbitragers who hang around the casinos.”
David Stockman Delivers Epic Send-Off To Steve Bannon But Warns ‘It’s Way Too Late’
“Bannonism just gave a thin veneer of ersatz nationalism to what was otherwise the Donald’s own dogs’ breakfast of protectionism, nativism, xenophobia, jingoism and strong-man bombast.”
What Will The Fed Do If The Yield Curve Inverts? Goldman Answers
Naturally, this raises questions about whether an inversion would prompt the Fed to slam on the brakes when it comes to the hikes.
Did The Economists ‘Steal Christmas’?
“Such seasonality is truly remarkable and unlike anything we have seen before.”
David Stockman Asks: ‘Dow 25,000, What Could Possibly Go Wrong?’
“…we know of no melt-up that had legs of more than a few months after the point that irrational exuberance went full retard, as is happening at this very moment.”
Jobs Report Misses Badly, Earnings In Line, Dollar’s Woes Continue
That could have been better.
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