Archive For: December 2017

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December 8: Daily Contrarian Reads

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Peak Fantasy Time

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.

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Cut, Spend And Borrow---Why The GOP Is Heading For Fiscal Calamity, Part 3

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.

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December 7: Daily Contrarian Reads

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Chart of the Day: Here's Your Report Card, Janet---America's Workers Say Good Riddance!

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December 6: Daily Contrarian Reads

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Spend, Cut And Borrow---How The GOP Is Heading For Fiscal Calamity, Part 2

Yesterday we explained how the GOP is leading Washington straight toward a monster Fiscal Calamity. That will occur no later than the middle of the next decade when the "sunset" gimmick in the tax bill hits American households with a drastic tax increase and the inexorable arithmetic of a business cycle recession takes its deadly fiscal toll.

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Spend, Cut And Borrow----How The GOP Is Heading For Fiscal Calamity, Part 1

Ain't them Republicans something? They just gifted to American businesses (corporate and pass-thrus) a $1.8 trillion tax cut over the next decade---most of it permanent.

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December 5: Daily Contrarian Reads

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Chart of the Day: Why The Shift To QT Will Cause The Mother Of All Vol Spikes

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