Category: US
America’s ‘Franz Ferdinand’ Moment
Whatever good was done by the Trump/Xi trade war truce in Buenos Aires was likely undone by what was done in Vancouver Airport earlier this month.
Dow 10,000
Trump will do whatever he can to keep prices rising on Wall Street — by talking up the economy with his usual mixture of real bravura and counterfeit facts.
How the Feds Wasted $5 Trillion
Polls show Americans hold the military in the highest esteem. But for all the money and status, are Americans safer? And against what enemy?
Should You Worry About Global Warming?
Donald J Trump says he doesn’t believe in global warming. The scientists may have charts and graphs, but the president just doesn’t care.
This Rare Recession Indicator is Flashing Amber
If you are not familiar with bonds, they are basically a loan agreement. Usually the longer the term of the debt, the higher the yield since the risk is higher. Yet sometimes, this curve inverts.
Imagine a French Hillary Clinton…
France’s best and brightest were committed to making the country a paragon of environmental correctness — no matter what the cost.
Now the Trade War’s Fake, Too
The show went on! And, as we predicted, The Donald claimed victory…and stocks went up. Fake money. Fake interest rates. Fake employment. Fake boom.
Trump Will Claim Victory
This is the big day. The music starts. The lights go on. And the curtain rises. Trump meets with China’s leader and decide the fate of the world economy.
What Trump Will Say at the G20
The Fed’s big mistake following the 2008 crisis was holding interest rates down too low for too long. This discouraged saving and made debt more attractive.
This Occupancy Has Better Accuracy Than Central Bankers
Monetary policy is part art, part science. Central bankers don’t know what higher or lower interest rates will do. They have some idea. But they really don’t know for sure.
Trump’s War on General Motors
The stock market continued with a modest bounce yesterday…but America’s automotive giant, General Motors, sank into the mud. The proximate cause was a tweet by President T, who threatened to remove federal subsidies to GM’s electric cars. This from Bloomberg:
Investors Are Going to Get Scalped
The US dollar is fake money. And the Fed lends it out at fake rates. This is why corporate, consumer, and government debt is so high.
Thanksgiving: A Unified National Myth
For Thanksgiving, Bill Bonner shares some little-known details around the American holiday. It’s more than just an event. It’s a national experience.
This Happens, Buy Stocks
The combined value of the FAANG stocks — Facebook, Apple, Amazon, Netflix, and Google — is down by about $1 trillion from its peak. Why?
FAANG: The New ‘Nifty Fifty’
Facebook, Apple, Amazon, Netflix, Google — these are hot stocks that everyone’s talking about. But look past the hype and you’ll see trouble on the horizon.