Archive For: April 2017

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April 26: Daily Contrarian Reads

My daily contrarian reads for Wednesday, April 26th, 2017.

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Charlatans of Economism - Ben Bernanke and The TrickleDownists Gave Us No Growth, Just Bubbles

On Monday, the Fed reported Industrial Production that was... meh. Meanwhile the stock market has been soaring. If stock prices had anything to do with economic fundamentals, wouldn't there be some correlation with US industrial production? The Fed's Industrial Production (IP) index either includes or represents the entire US economy.

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The Biggest Tax Cut Ever----Some Lessons For The Donald, Part 2

Hang onto your hats, folks. The Donald is fixing to drive the Imperial City deeper into the debt Swamp than ever before. Whatever he has been doing for the past 96 days, it obviously didn't involve learning a single thing about the nation's dire fiscal plight or the procedural landmines that infest the budget process at every turn.

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Industrial Production Weak Again in March

Usually when the mainstream media reports economic data, they like to put a positive spin on it. But when the Wall Street Journal reported US industrial production last week, it hedged.

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April 25: Daily Contrarian Reads

My daily contrarian reads for Tuesday, April 25th, 2017.

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The Biggest Tax Cut Ever----Lessons For The Donald, Part 1

Last Friday the Donald popped another surprise on his economic team and the GOP congressional leadership. As they continued to struggle with little success to parse the elements of a modest, politically fraught tax reform bill, the President came charging out of a totally different zip code...

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April 24: Daily Contrarian Reads

My daily contrarian reads for Monday, April 24th, 2017.

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CPI Ignores Rip Roaring Housing Inflation

The NAR reported home sale prices on Friday. Prices of houses going under contract in March rose by 6.8% on a year to year basis. That's off a bit from a 7.7% increase in February, but it is still a red hot number.

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Chart of the Day: The Greatest Financial Fraud In History----$14.6 Trillion Conjured From Thin Air

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Chart of the Day: Good Job, Fed! Trickle-Up Economics Works If You Prefer 1917

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