We’ll be looking forward to the tweets.
Category: economy
David Stockman: Trump Is ‘Piling One Delusion Upon Another’
“Stated differently, the Orange Comb-Over is definitely not making America Great Again.”
David Stockman Weighs In On 10Y Yields At 3%
“In a word, honest bond yields will knock the stuffings out of the mainstream fairy tale that passes for economic and financial reality.”
‘We Got No More Liquor!’ These Yield Curve Inversion As A Recession Predictor Probabilities Are Sure To Be A Hit At The Bar
If you’re not talking about the inexorable flattening in the U.S. curve in public settings, well then one wonders what the hell it is you’re saying at the bar when you’re spittin’ game to the waitresses.Â
One Bank’s Warning: ‘The Left-Tail Story Has Become More Socialized’
Who could have seen this coming?
More Buybacks For The Rich – And More Ding Dongs For The Rest Of You
And Ho Hos. Don’t forget the Ho Hos.
Behold: An ‘Incubator For Vicious Steepeners’
Something tells us this is an underappreciated tail risk, indeed.
David Stockman: It’s A Matter Of Time Before Trump Attacks The Fed
“Indeed, the Donald’s impending attack on the purported sacred ‘independence’ of the Fed is the Orange Swan that looms over the casino.”
When China Catches Cold…
The spillovers will be “tremendous.”
David Stockman: ‘There Has Been No Acceleration Of Main Street Under Trump’
“In effect, the Donald is taking credit for the doings of the plain old business cycle, and at the worst possible time.”
David Stockman: These Are ‘The Delusions Of MAGA’
“The Donald is not leading America to the promised land. Instead, he’s leading it to war abroad, fiscal and economic calamity at home and a crisis of governance that pales Watergate into insignificance.”
By 2023, America Will Be In Worse Fiscal Shape Than Italy, Mozambique And Burundi
Who’s “tired of winning”?
‘Oh, My God’: Full Week Ahead Preview
Plenty to fret about (and laugh at).
The Poverty Of Tech And The Tech Of Poverty
It was one of those rainy and damp days, I was finding my way out of the F-train subway on Bergen St. in Brooklyn. On the mezzanine level, in the corner of the stairwell, I noticed a young man, couldn’t have been much older than 30….
One Bank Brings You The ‘Word From Main Street’, And The Word Is…
Apparently, Wall Street needs to conduct surveys to get a read on what the “word” from Main Street is, because after all, if you’re working in lower Manhattan and pulling in a cool 300k, you’re probably not spending a lot of time hanging out with the poors in social settings.
CPI Basically In Line As Wireless ‘Distortion’ Starts To Roll Off
Without further ado…
David Stockman: Forget The FBI, This Is The ‘Real Raiding Party’
“While the FBI was raiding the offices of Trump’s lawyer yesterday afternoon, the CBO published a blockbuster report evidencing the Donald’s own raiding party.”
Albert Edwards Explains Why The S&P Will Eventually Fall Below The 2009 Lows
“In the next recession, I would expect the P/E to bottom at about seven times, a lower low with earnings about 30% lower because of the recession. That would put the S&P lower than the 666 low of the previous crash, versus 2671 Thursday afternoon.”
$1 Trillion Here We Come! New CBO Forecast Probably Won’t Please Trump
#MALFRTIAW: Make America less fiscally responsible than it already was.
Janet Yellen Warns Of ‘Debt Crisis’, Blasts Trump Tax Cuts In Op-Ed
“The U.S. unemployment rate is down to 4.1 percent, and economic growth could well increase in 2018. Consumer and business confidence is high. What could go wrong?”
War And (No) Peace: Full Week Ahead Preview
Say your prayers.
David Stockman Presents: The Revenge Of Bad Money
“At length, you get Donald Trump instead, and you get his half-baked advisor, Peter Navarro, on bubblevision explaining that protectionism is the new route to free trade.”
Look! Egregious Inequality In America
Fortunately, I know just the man to fix this problem…
David Stockman: The 200-DMA Ain’t No Maginot Line
“But here’s the thing. The blue line below ain’t no Maginot Line.”
American Corrida And The Reconstitution Of The State
“We have reached the point of self-intoxication when inner contradictions of the system, which previously could be temporarily ignored, are taking over. The system has exhausted itself – it has collapsed under its own weight.”
‘In Late January A Client Called Us With An Exasperated Query’: Why Barclays Sees A ‘Bumpy Road Ahead’
“In the last week of January, as equities went on yet another run, a client who had been waiting to buy the dip called us with an exasperated query.”
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