Fisher

Ben Hunt's Mailbag - Life In Trumpland

"I wrote this note because I am so effin’ tired of being called a racist or a sexist because I don’t think that Donald Trump is evil incarnate... I think Trump is a narcissist and an ass, not a Fascist. Like most people in the financial services world, I deal with narcissists and asses every day … they’re not Hitler clones because the only thing they’re really true-believers about is their own self-aggrandizement."

Buffett Boosts Apple Holdings To 133 Million Shares In 2017, Becomes Top 5 Holder

Berkshire Chairman and CEO Warren Buffett told Becky Quick this morning that he more than doubled his already massive holdings in Apple between the start of 2017 and the tech company's most recent earnings report, and now owns 133 million shares, 2.5% of the outstanding stock, and is now a Top 5 holder of the company's public stock.

In A Battle Between Trump And The Federal Reserve, Who Really Wins?

The U.S. economy and the dollar are slated for a controlled demolition.  The Fed will do everything in its power to prod Trump and conservatives into war with the central bank, because the Fed is now ready to sacrifice itself and the dollar’s world reserve status in order to clear a path for a new global system and ideology. The Federal Reserve is a suicide bomber.

50% Correction Is Impossible! Really?

"Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as they have predicted. I expect to see the stock market a good deal higher within a few months."

– Dr. Irving Fisher, Economist at Yale University 1929

The Well-Reasoned Basis Of Populism

The rise of populism isn’t the politics of rejecting experts, it is the rejection of these “experts” – who quite frankly deserve more than voter disdain. Credentials have come to be seen by a very large and growing proportion of the global population to declare incompetence, having nothing at all to do with intellectual capacity apart from objectivity. It isn’t the denial of reasoned argument but rather the logical end of it.

Frontrunning: December 29

  • Russia's Putin says Syrian government, opposition sign ceasefire deal (Reuters)
  • Snap’s IPO Pitch to Tout Service as ‘the Next Facebook’ (WSJ)
  • What History Has to Say About the Economy Trump Will Inherit (BBG) - zero mentions of the word "debt"
  • Trump tax reforms could depend on little-known 'scoring' panel (Reuters)
  • Debbie Reynolds Dies a Day After Daughter Carrie Fisher (BBG)
  • U.S. appeals court rejects SEC's use of administrative law judges (Reuters)

2016: The Terrible, Horrible, No Good, Very Bad Year

What a terrible, horrible, no good, very bad year this has been. Endless wars. Toxic politics. Violence. Hunger. Police shootings. Mass shootings. Economic downturns. Political circuses. Senseless tragedies. Loss. Heartache. Intolerance. Prejudice. Hatred. Apathy. Meanness. Cruelty. Poverty. Inhumanity. Greed.

Frontrunning: December 28

  • Crude Rally Lifts Commodity Currencies; Bonds Rise: Markets Wrap (BBG)
  • Kerry Plans Middle East Speech as Israel Moves to Ease Tension (BBG)
  • Japan Looks to Smooth Over Past as New Threats Arise (WSJ)
  • Israel backs off East Jerusalem settlements (Reuters)
  • House Flipping Makes Comeback as Home Prices Rise (WSJ)

Former CIA Spy Has A Christmas Message For Trump

"Dear Mr. Trump, I am among the tens of millions who voted for you, and also among the twenty thousand or so that spent fifteen months obsessively devoted to getting you elected. I went to bed in tears on election night, only to be woken at midnight by my wife to watch the miracle unfold..."