Gradually... And Then Suddenly

What do socialism and modern monetary policy have in common? Magical thinking. For both, it’s true on the giddy years up, and it’s true on the sad years down.

WSJ Stunned By "Lack Of Market Dips To Buy"

The last time equity markets went this deep into a year without all three of those benchmark indexes suffering at least 5% pullbacks was nearly a quarter-century ago, in 1993.

To Fix Healthcare, We Need To Repeal A Lot More Than Obamacare

If repealing Obamacare is really the goal, the GOP should instead focus on repealing and undermining the edifice on which Obamacare was built: the highly regulated, subsidized, and manipulated healthcare markets that dominate today.

Supreme Court Allows Strict Enforcement Of Trump Refugee Ban

The Supreme Court has granted the Trump administration's request to more strictly enforce its ban on refugees, at least until a federal appeals court weighs in, however the justices are leaving in place a lower court order that allows entry by some people with family members already in the country, the AP reports.

JPM Slashes iPhone Sales Forecasts: Expects Only 2MM Units Sold In September Vs 9MM Previously

"In our original model we had forecast 9m units sold in September, and we now reduce that number to ~2m units. We increase our FY18 unit forecasts by about the same amount to reflect time-shifted demand.  New iPhone shipments  estimate: Our total iPhone shipments estimate for FQ4 is now 42.2m, reduced from our prior 49.5m forecast. Our FY18 iPhone shipments estimate is now 270.2m, up from our previous estimate of 262.9m."

The Over-Quantification Of Life

The idea that all endeavors can be distilled down to statistics has put us in the Over-Quantification Box...