Archive For: August 2017

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The Donald's Pathetic Afghan Flip-Flop

As the Donald himself might have put it: PITIFUL! We are speaking of his horrid lip-synching effort last night to keep time with the voice of his ventriloquist generals.

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August 22: Daily Contrarian Reads

My daily contrarian reads for Tuesday, August 22nd, 2017.

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Chart of the Day: Here Comes The New October Surprise---An $800 Billion National Debt Shock

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Chart of the Day: Third-Party Payor Driven Health Inflation At Work----22% of Nonelderly Now Depend Upon Medicaid

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The Goldman Sachs Regency

We aren't shedding many tears over Steve Bannon's departure. His ethno-nationalist and protectionist worldview are anathema to true notions of liberty, free markets and a minimalist state.

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August 21: Daily Contrarian Reads

My daily contrarian reads for Monday, August 21st, 2017.

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Chart of the Day: He Who Pays The Piper Calls The Tune

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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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