Archive

December 9th, 2016

Trump's Bait And Switch?

Within the political-financial establishment, the more things change, the more, it seems, they stay the same. As Trump moves ahead with his cabinet picks, several of them already stand out in a Mellon-esque fashion for their staggering wealth, their legal entanglements, and the policies they seem ready to support that sound like eerie throwbacks to the age of Harding.

With 65% of ATMs Nonoperational, Goldman Warns India Is "Returning To Barter System"

India continues to stagger from bad to worse followinhg Modi's demonetization. With just 35% of ATMs nationwide operational, Goldman warns the shortage of cash continues to incentivize the use of alternate payments, including extension of informal credit and a return to barter systems. Addtionally, the slowdown in activity is dramatically reflected in lower tax collections and discounts offered by luxury car companies.

The Mainstream Media Is Asking For A Government Bailout Via Censorship

This isn’t just about protecting the status quo narrative for the sake of maintaining a transparently false manufactured reality. It’s equally about preserving the status, wealth, reputation and careers of individuals whose failures should have landed them on the street, unemployed for their almost incomprehensible and well documented incompetence.

Don't Be Fooled. The Trump Rally Is Not A Sign Of Economic Health

In a genuinely free market, the profitability of firms is a good reflection of their ability to better satisfy the wants of consumers. In a world of this sort of crony capitalism, profits are de-linked from a connection with consumers and we cannot say with confidence that any given firm’s profits reflect value creation.

Has The Trumpian Revolution Begun?

“There is no global anthem, no global currency, no certificate of global citizenship,” said Trump in Cincinnati, “We pledge allegiance to one flag, and that flag is the American flag. From now on, it’s going to be America first. … We’re going to put ourselves first.”

Outsourcing Giant Capita Replacing Thousands Of Jobs With Robots

"It doesn’t remove the need for an individual but it speeds up how they work, which means you need less people to do it,” Capita CEO Andy Parker said. “It doesn’t remove the need for an individual but it speeds up how they work, which means you need less people to do it."

Satellite Imagery Reveals Sharp Retail Spending Slowdown After The Election

Defying consensus, JPM found retail spending activity trends "worsened post the election contrary to stock market moves and color from some management teams" when analyzing satellite image car counts at parking lots. It finds that this is "interesting as it is counter to prevailing thought."