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The Culprits Live In The Eccles Building, Not The Jefferson Memorial

On the margin, the Donald got elected by the burned out manufacturing zones of Flyover America. That is, the western Pennsylvania steel country, industrial Ohio, the automotive belt of Michigan and the former manufacturing towns of Wisconsin and Iowa. Trump didn't actually have a program to help them, of course, but his patter about bad trade deals, unfair foreign competition and America First resonated in places like these where, in fact, their jobs had been stolen.

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August 18: Daily Contrarian Reads

My daily contrarian reads for Friday, August 18th, 2017.

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More Keynesian Gibberish From Bubble Blind Central

If you want stunning proof that monetary central planning is a clear and present danger to capitalist prosperity just read the Fed's stock market discussion in yesterday's minutes. It amounts to a clueless confession of willful incompetence, and evidence that the FOMC members are so mesmerized by their Keynesian academic models that they can't see the real world starring them in the face.

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August 17: Daily Contrarian Reads

My daily contrarian reads for Thursday, August 17th, 2017.

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Chart of the Day: Weak Industrial Production, Strong Stocks, Why Worry!

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Chart of the Day: America's #1 Growth Industry----Transfer Payments

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The Trump Tower Lynch Mob

Jim Kramer of all people hit the nail squarely on this head this morning when he averred that "the market is completely divorced from whatever is going on".

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August 16: Daily Contrarian Reads

My daily contrarian reads for Wednesday, August 16th, 2017.

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Don't Forget The Red Swan, Either

Given the anti-Trump feeding frenzy unleashed in the mainstream media by the Charlottesville riots and the upcoming debt ceiling/continuing resolution carnage among the unprepared GOP majorities in the Imperial City, we continue to believe that a Swan cometh bearing an Orange colored hue. But if that's not enough to dissuade the dip buyers, perhaps the impending arrival of the Red Swan will at least give them pause.

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August 15: Daily Contrarian Reads

My daily contrarian reads for Tuesday, August 15th, 2017.

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David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.

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