Stockman’s Corner

This ‘Market’ Discounts Nothing Except Monetary Cocaine

Another one of the Hedge Fund high rollers, Marc Lasry of Avenue Capital, recently confessed on bubblevision that 2200 on the S&P 500 doesn’t make sense to him, either. But his reasoning went right to the crux of the bubble implosion lurking just ahead. According to Lasry, the market may be discounting a “stronger-than-expected” economic rebound and thus only appears to…

No, Donald, It’s Not A ‘World War’

Actually, the Nice horror was the demented suicide of a mentally impaired wretch who recently got fired, divorced and arrested for road rage, not a planned jihadi terrorist attack. Beyond that, the real jihadi threat is rooted in blowback, and combatting it is a domestic police function. So enough militatistic bellicosity already! The inconvenient truth is, Washington and its NATO vassals have brought bombs, drones, occupations and slaughter…