Archive For: December 2016

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Draining The Swamp, Part 7: Why Donald Trump's Big Fat Ugly Bubble Will Pop Soon

There have been numerous eruptions of irrational exuberance since Alan Greenspan launched the modern era of monetary central planning in response to the 25% crash of the stock market in October 1987. But for our money, the Trump-O-Mania since the wee hours of election night is the greatest folly of all.

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December 30: Daily Contrarian Reads

My daily contrarian reads for Friday, December 30th, 2016.

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Chart of the Day: 24 States With Obamacare Premiums Up By More Than 20% In 2017

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Chart of The Day: Here's How The Red Ponzi Bleeds

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Soaring Global Government Debt----Up From $20 trillion To $60 Trillion Since 2000

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Chart Of The Day: Total Debt Nearing $100,000 Per US Household

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Draining The Swamp, Part 6: The 4-5% Growth Delusion

It is too late for the US economy to accelerate from a cold start to 4-5% annual GDP growth as foreseen by Trump's Treasury Secretary-designate, Steve Mnuchin, and 1980s vintage supply siders like Larry Kudlow. That's because tax cuts are not magic and do not work instantaneously-----but, instead, generate economic gains gradually over time as the supply side of the economy becomes unblocked and energized.

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December 29: Daily Contrarian Reads

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

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Draining The Swamp, Part 5: No Supply-Side Miracle In The 1980s, No Second Coming Of Ronald Reagan Now

The watchwords of the Trump Administration's policy should be fiscal austerity and a balanced budget, not "stimulus" and even bigger deficits. That's because anyone not having their head firmly planted in the sand should be able to see the ferocious fiscal and economic headwinds gathering on multiple fronts.

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Housing- The Seed of the Poisonous Weed

In the game of beat the expectations, new home sales won one this month, but the outlook is grim. The headline number came in at 592,000 versus the consensus guesstimate of Wall Street economists of 593,000. The headline number is usual fiction of the annualized version of a seasonally adjusted representation of reality.

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