Krugman: ‘It’s Just Reverse Robin Hood With Extra Racism’
“One long-standing answer is to muddy the waters, and make elections about white resentment. That’s been the strategy since Nixon, and Trump turned the dial up to 11.”
Debt Ceiling: Here’s The Nightmare Scenario
Ok, I don’t know how much figurative “stock” you put in Mitch McConnell’s Monday promise that
Presenting Senator Tomato Soup: What We Learned Last Week About Our Politics
“At some level, Americans seem to have absorbed this.”
‘Game: Blouses’
“It wasn’t even like it was close”…
‘It’s Hard To Call This Healthy’
Of breadth and pyrrhic victories.
‘Conflicts Of Interest’: A History Of Markets During Wartime
“However, the market impact of a potential conflict on the Korean peninsula could be different.”
What’s The Difference Between Domestic And International Terrorism?
“It is time that our federal criminal laws recognize domestic terrorism for what it is: the moral equivalent of international terrorism.”
Fried Chicken: Norway Is Pretty Damn Sure Stocks Only Go Up
“We don’t have any views on whether the market is priced high or low, whether bonds and stocks are expensive or cheap.”
The Calm Before The (Maybe) Storm
Dissensus is back.
Is Ray Dalio Wrong? One Indicator Says Maybe
“That’s it. Nothing more.”
Right-Wing Site Implicates Obama In Charlottesville Using Will Ferrell Picture
There you have it America: proof positive that Will Ferrell is in on it too.
They Love To Talk, But Hate To Communicate
“Confidently dismissing the process as harmless for markets is a luxury they can’t indulge in.”
Bannon Takes Aim At Trump’s Base As Breitbart Blasts Afghanistan Speech
Well, it took Steve Bannon, what? About four days to prove that he will not in
The Great Euro Debate Heats Up Ahead Of Jackson Hole
There’s a lot of commentary floating around out there this morning about the euro ahead
To Infinity And Beyond: Blue-Chip Debt Sales Top $1 Trillion Faster Than Ever
I sincerely hope everyone who’s still plowing money into corporate credit has a good handle on what it is they’re doing because investment grade corporate debt issuance is running at a record pace, and just topped $1 trillion faster than any year in history.
Key Calls (Tuesday): Upgrades, Downgrades & Initiations
You need an upgrade.
Chili P is My Signature
“It also makes us inexorably prone to affectation. We must add our own signature, that thing that distinguishes us or our product; the figurative chili-powder-in-the-meth of whatever our form of productive output happens to be.”
Here’s What To Expect For Stocks If There’s A Government Shutdown…
“However, with generally elevated policy uncertainty, equities might stay more volatile as we near the debt limit deadline.”
Don’t Look Up – Or Down…
“Ideological interpretation: Looking down is a mistake — the system works only if no one opens his eyes.”
This Hasn’t Happened In 22 Weeks…
Turning point?
Bears Shouldn’t ‘Overstay Their Welcome’
“One of the most dangerous things in trading is to confuse what one thinks ‘should’ happen with the forecast of what ‘will’ happen.”
The Biggest Risk, A Key BTFD Line, And What We ‘Don’t Know’
“What are you most concerned about over the next three months?”
Can ‘Whiteness’ Ever Be Equated With Dispossession?
“He has shown that “white rage†and the nostalgia that underwrites feelings of racial resentment are renewable resources, and a cross-applicable rationale for xenophobia.”
Heads Up: S&P Goes Negative For The Quarter
The streak is in jeopardy.
Lake Placid
“But it just feels like investors are in the mood for a placid day. It’s August and we’re going to have to keep paying attention right up to Friday evening, leaving little appetite today for angst and mayhem.”
Secret Service Goes Broke, Spends $60,000 On Golf Cart Rentals To Protect Trump
“I don’t see this changing in the near term.”
‘What Would You Do If We Asked You To Lie?’ Sputnik Fired Writer Over Seth Rich Story
“I’d quit,†I replied.
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