David Stockman: ‘Hey Donald, There’s A Problem, But It’s Not What You Think It Is’
“The global trading system’s newly activated one-man wrecking crew was at it over the weekend.”
“The global trading system’s newly activated one-man wrecking crew was at it over the weekend.”
This is like a drunken cowboy firing off a pistol in a saloon. He may not be trying to hit anyone, but it’s certainly possible that someone will get shot.
“Nationalism is war.”
This is not going to be for the faint of heart.
Thursday went swimmingly.
“So yeah, maybe Canadian housing is stupidly overpriced, but so is almost every asset under the sun. “
Well, the Chinese are back.
Put away your jingoism for a minute and ask yourself if you honestly believe that rolling back what you see in the chart below is really going to help middle America…
As we saw this week, they’re not so good at being subtle.Â
“Free at last, Free at last, Thank God almighty I am free at last!”
It’s deeper than residential washing machines, folks.
“…and rivaling Russia.”
Charlie Murphy.
All eyes on (geo)politics. And Canada. Of course.
Headlines aplenty.
He’s going to build the “Goldman Sachs of cryptos.”
“…you still need to assume that the major central banks simply pat Ripple execs on the fanny, say good game and thank you for destroying big chunks of our business, we’ll just sit in the corner and go f*ck ourselves as you steal our money printing power.”
Up, up and away, but remember…
“There is a non-trivial chance that structural changes in our social worlds of politics and markets have made it impossible to identify predictive/ derivative patterns.”Â
“The Company does not have an agreement with any of these entities”
“The prevailing wisdom is that there are two great housing bubbles out there today”…
Buckle up, this could be a bumpy ride.
Ok, look: if you’re still hungover from a combination of turkey, greasy mashed potatoes, and copious amounts of not-quite-top-shelf red wine, it’s time to snap out of it because last week is melting into this week as tends to happen historically on Sundays.
“We will continue to increase our involvement and support of the blockchain ecosystem, as we ramp up our Bitcoin mining operations.”
Holiday road.
You can’t make this shit up!
Boo!
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