May 5

It’s the Debt, Stupid!

For those still wondering why the global economy is struggling, the simple answer is “It’s the debt, stupid.” We will return…

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May 4

GDPNow Ticks Down to 1.7% Despite Trade Gap

There was a slew of economic reports out today, and despite the fact that on the surface the reports seemed…

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May 3

Trump 41%, Clinton 39% in Rasmussen Poll; Cruz’s

Despite massive amounts of nonsense from the Republican elite that Trump cannot beat Hillary, and from Ted Cruz who claims…

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May 2

Mathematical Jackasses

With the exception of emerging market countries in trouble like Brazil and Russia, and complete hyperinflation basket cases like Venezuela,…

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May 1

Is the ECB Bailing Out Italian Banks on

Italian banks are trading at enormous discounts to book value. That implies you believe the book values of Italian banks fully…

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Apr 30

ECB’s QE Impact Fades Already

In March 10, ECB president Mario Draghi pulled out his bazooka and fired what was supposed the be a shock…

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Apr 29

GDPNow 2nd Quarter Estimate at 1.8%; NY Fed

In the nowcasting business, the ever-optimistic “Blue Chip” forecasters lead the way, expecting GDP will rise by 2.3% in the second…

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Apr 28

Spain’s Parliament Dissolved with Tension and Recriminations

Numerous efforts by King Felipe VI to get political parties to put aside differences and form a coalition or minority…

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Apr 27

Fed Still Expects Two Hikes, Market Still Says

In today’s FOMC statement, the Fed made some useless noise about closely monitoring inflation. The Fed also dropped concerns on global…

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Apr 26

Uncertain Measures of Uncertainty; Fed Uncertainty Principle Revisited

Fed Chair Janet Yellen has been harping about the “uncertain” outlook for the US economy for years on end. Perhaps this…

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Apr 25

New Home Sales Decline 3rd Month, Prices Decline

New home sales fell in March for the third consecutive month. Sales in the first quarter are up just 1.3%…

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Apr 24

Understanding the Saudi, Chinese “Economic Nuclear War” Threat;

Willful Blindness In the wake of investigations and revelations that show without a doubt the Saudi nationals including government officials were…

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Apr 23

Eurozone Ministers Fear “Stampede Risk” in Bonds if

German finance minister Wolfgang Schaeuble believes banks are too overloaded in the sovereign debt of their own countries. Schaeuble also proposes…

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Apr 22

Bank of Japan Corners 33% of Bond Market:

All Japanese bonds have a yield under 0.3% as of April 19. Yield on the 40-year bond fell to a record…

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Apr 21

Uber Surpasses Rental Cars for Business Travelers; You

Since 1st quarter of 2014, Uber’s percentage of ground transportation business booked on Certify, the second-largest provider of expense software…

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Apr 20

EU’s Refugee Dilemma: “Growing Panic” on How to

When you make a deal with the devil, it’s certain the devil will insist you keep up your end of…

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Apr 19

Housing Starts Plunge 8.8%, Permits Plunge 7.7%; Bloomberg

Those expecting a strong Spring start to housing (and you know who you are),  were miles off their forecast. Both starts…

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Apr 18

Beat the Street Shills: IBM Sales Decline 16th

Today IBM reported that its sales were down yet again. However, in the battle for positive reporting, Bloomberg reports IBM Earnings…

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Apr 17

Trump Will Win Indiana! This is Why

Earlier today I posted Indiana Awards 57 Delegates Before Primary Vote, Only 1 to Trump; Satan vs. Trump. MSNBC’s Rachel Maddow…

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