Archive For: November 2016

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The Trump Reflation Trade---The Biggest Short Ever

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November 30: Daily Contrarian Reads

My daily contrarian reads for Wednesday, November 30th, 2016.

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Case Shiller National This Old House Index Hides The Danger In Housing Market

The Case Shiller Index for September 2016 was reported today, telling us what we already knew from 5 months ago. In fact, we knew it and reported it not 5 months ago, but 18 months ago, when it actually happened. Median existing home sale prices broke the housing bubble peaks of 2005 through 2007 in June of 2015.

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Why Trumponomics Will Not Help Flyover America, Part 2

What is going to stop Trumponomics cold is debt-----roughly $64 trillion of it. That's what is crushing the American economy, and until the mechanics of its relentless growth are stopped and reversed, the odds of achieving and sustaining the 3-4% real economic growth that Trump's economics team is yapping about is somewhere between slim and none.

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November 29: Daily Contrarian Reads

My daily contrarian reads for Tuesday, November 29th, 2016.

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The Hidden European Banking Crisis That Could Destroy The US Markets

The European banking collapse paused in October with a minor uptick in total deposits. In addition there was a massive, mysterious revision of the figures from earlier this year. In the data released in late October, September deposits had plunged below the 2015 low, suggesting that a crash had begun. The data just released erased that plunge and showed total deposits still above the 2015 low. I could find no explanation from the ECB.

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Why Trumponomics Will Not Help Flyover America, Part 1

Donald Trump is getting some extremely bad advice from his economics team. The path of protectionism and mega-fiscal stimulus they are recommending will not help Flyover America, where left-behind citizens in their tens of millions voted to impeach the Wall Street/Washington ruling elites on November 8th.

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November 28: Daily Contrarian Reads

My daily contrarian reads for Monday, November 28th, 2016.

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Stocks Are On The Cliff's Edge, Not A Permanently High Plateau

Stock prices started to decouple from durable goods orders in 2013 (see previous post). That broke a direct correlation that had existed since 1999. In 2014-2016, durable goods orders went flat, and stock prices went to the moon.

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Chart of The Day: The Ever-Widening Wage Gap

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