Archive For: December 2017

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Chart of the Day: Mind The Quantitative Tightening---Immense Cash Drain Dead Ahead

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The Greatest Bubble Ever: Why You Better Believe It, Part 2

During the 40 months after Alan Greenspan's infamous "irrational exuberance" speech in December 1996, the NASDAQ 100 index rose from 830 to 4585 or by 450%. But the perma-bulls said not to worry: This time is different----it's a new age of technology miracles that will change the laws of finance.

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December 29: Daily Contrarian Reads

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The Greatest Bubble Ever: Why You Better Believe It, Part 1

During the 40 months after Alan Greenspan's infamous "irrational exuberance" speech in December 1996, the NASDAQ 100 index rose from 830 to 4585 or by 450%. But the perma-bulls said not to worry: This time is different----it's a new age of technology miracles that will change the laws of finance forever.

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December 28: Daily Contrarian Reads

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Chart of the Day: Calm Before The Storm

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December 27: Daily Contrarian Reads

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Up Next------Deflation In The Canyons Of Wall Street

Record high stock and bond prices are flashing danger signs to former Reagan White House Budget Director David Stockman. Stockman contends, “I don’t think we are going to have a liquidity crisis.  I think it’s going to be a value reset.  I think there is going to be a jarring downward price adjustment both in the stock market and in the bond market.  This phantom or phony wealth that has been created since the last crisis is going to basically evaporate.”

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Chart of the Day: All The Dips The Bots Can Buy

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Hysteresis In The C-Suite----Why The GOP Tax Bill Won't Stimulate "Growth" (Part 3)

Yesterday (Part 2) we documented the vast difference between the Reagan Tax Cut of 1981 and the GOP Tax Bill of 2017----both as to scale and potential to stimulate supply-side growth of output, investment, jobs and earnings.

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