“We have crossed the fiscal Rubicon.”
Category: economy
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.
One Bank Reveals 7 Key Calls For The New Year
But for those interested in trying to “DO SOMETHING” (as opposed to just kicking back and being “actively” passive)…
‘American Carnage’: 5 Real Problems In An Otherwise False Narrative
As this year melts into next, we thought we’d revisit five key problems the country faces for readers who have a keen interest in the extent to which America, while not the barren, bone-strewn wasteland imagined in Donald Trump’s inauguration speech, does have a set of rather serious issues it needs to address in 2018.
Does The Truth Matter To You?
Growth, jobs, legislation, polls, and the Dow.
10 Questions For 2018
At this point, you’re probably exhausted with year-ahead outlooks, forecasts, “top themes”, and the like. But…
The Myth Of White Male Dispossession And The ‘Girl With The Draggin’ W-2′
That is so patently absurd that it eludes all attempts to lampoon it. The entire history of this country is built on overt white privilege and various manifestations of misogyny.
Goldman Econ Reveals Top Charts Of 2017: It’s All About Goldilocks
May Goldilocks be with you in the new year… beware of those three bears.
Risky Business.
But the survey wasn’t all rainbows and sunshine.
Phew, That’s Over – Now Go Get Drunk.
Well, what can you say?
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