The Coming Fiscal Derailment---Why FY 2019 Will Sink The Casino
• https://www.lewrockwell.com, By David StockmanSince last November 8th the Russell 2000 has risen by 30% and the net Federal debt has expanded by an astounding $1.0 trillion dollars.
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Since last November 8th the Russell 2000 has risen by 30% and the net Federal debt has expanded by an astounding $1.0 trillion dollars.
Ontario, a Province in Canada, a country with almost unlimited energy resources and the same population as California, has exorbitantly high electricity bills.
The urban revival of America's core inner cities has been a decades-long failed experiment, as deindustrialization coupled with failed liberal policies have created a growing problem of inequality and violent crime.
The urban revival of America's core inner cities has been a decades-long failed experiment, as deindustrialization coupled with failed liberal policies have created a growing problem of inequality and violent crime.
The urban revival of America's core inner cities has been a decades-long failed experiment, as deindustrialization coupled with failed liberal policies have created a growing problem of inequality and violent crime.
October's 13.7% MoM spike in housing starts was revised dramatically lower to just +8.4% which makes November's 3.3% rise (vs expectations for a 3.1% decline) somewhat less impressive. Building Permits dipped from recent highs.
We've been seeing more and more commentaries discussing bad stuff that can happen when the Fed tightens policy and, as a result, the yield curve flattens. (See, for example, this piece from Citi Research and ZeroHedge.)
We've been seeing more and more commentaries discussing bad stuff that can happen when the Fed tightens policy and, as a result, the yield curve flattens. (See, for example, this piece from Citi Research and ZeroHedge.)
First "Brexit," then Trump.
There is a fascinating table in JPMorgan's 2018 year-end outlook released overnight, previewed yesterday by head quant Marko Kolanovic: it shows that a funny thing happened as the so-called experts were looking for signs of retail euphoria ...
Very quietly, in the last few days, cross currency basis swaps (CCBS) related to the dollar have reversed their rise and started collapsing deeper into negative territory… again.
CNBC's Fed fanboy, Steve Liesman, accidentally knocked one out of the park yeserday when he lured Janet Yellen into a quip that will surely go down as the signature insanity of her baleful tenure. Liesman thus queried:
So much for that call.
CNBC's Fed fanboy, Steve Liesman, accidentally knocked one out of the park yeserday when he lured Janet Yellen into a quip that will surely go down as the signature insanity of her baleful tenure. Liesman thus queried:
Barely two months after JPMorgan's Marko Kolanovic previewed the next financial crisis, which he dubbed the "Great Liquidity Crisis", and which would be catalyzed by the following liquidity disrupting elements:
Nobel Laureate 'Discovers' Cause Of Opioid Crisis: Complete Economic Destruction Of The "White Working Class"
Saul Levmore and Martha Nussbaum, two professors at the University of Chicago Law School, have written an article in the Wall Street Journal entitled "Let's Agree on an Age to Retire; Current antidiscrimination law hurts businesses and both young
The entire financial and economic narrative in today's Bubble Finance world is virtually context- and history-free; it's all about the short-term deltas and therefore exceedingly misleading and dangerous.
In a merciful transition from Wall Street's endless daily discussions and more often than not- monologues -
Wall Street economists are telling investors to brace for the biggest tightening of monetary policy in more than a decade.
If you want to know why both Wall Street and Washington are so delusional about America's baleful economic predicament, just consider this morsel from today's Wall Street Journal on the purportedly awesome November jobs report.
The year 2000 was a transition year in a lot of ways.
The year 2000 was a transition year in a lot of ways.
Government intervention into a nation's economy is as foolish as attempting to control the sun's rise and fall by law or force. But that doesn't mean governments don't meddle each and every day with the best – and worst – of intentions.
This coming crisis will hit everyone in the wallet. Money manager Peter Schiff, who accurately predicted the 2008 financial crisis, can already see the writing on the wall - and he says everyone is going to get wiped out.
Yesterday Ron Paul tweeted a poll that received a tremendous response. Today he shares his thoughts on the results.
In case of emergency, you should always have a solid chunk of cash on hand. These days, that isn't much riskier than keeping your money in a bank.
The GOP's delusional theory that the $1.8 trillion of business tax cuts (corporate and pass-thrus) in the Senate bill will pay for themselves in higher investment, growth, jobs, wages and revenue reflows is about as realistic as the Bitcoin Mania.
Market analyst Lynette Zang predicts in the next market meltdown, "real estate, stocks, and bonds will all crash." When asked when this will happen, Zang says, "Enjoy your Christmas," but in 2018, all bets are off.
The lemmings are now in full stampede toward the cliffs. You can literally hear the cold waters churning, foaming and crashing on the boulders far below.