Gallup

Consumer Confidence Surges & Plunges

Everything is awesome... or terrible - depending on when you were asked. The Conference Board's consumer confidence surged to its highest since October 2015 at 98.1 (beating expectations of 96.5). However, Gallup shows economic confidence crashing back from a post-State of the Union bounce to its lowest since November 2015. Take your pick...

Here Are The Best And Worst Things About A Trump Presidency, According To Americans

Trump’s meteoric rise to the top of the polls represents something of a coup for a system that has for years been dominated by an entrenched political aristocracy. While we know that Trump has managed to secure an almost religious following in part by whipping voters into a veritable frenzy, we do not yet know what, specifically, voters see in brazen billionaire beyond the rather amorphous “Make America Great Again” campaign slogan. Here to shed some light on the subject is Gallup.

What Bernie And The Donald Portend

Three weeks out from the Iowa caucuses, and clarity emerges. Hillary Clinton, the likely Democratic nominee, is in trouble. But if a cloud is forming over the Clinton campaign, the sun continues to shine on The Donald. What does the surge for socialist Sanders and the Republican base’s backing of the outsiders Trump and Cruz and collective recoil from the Republican establishment candidates tell us? As Dylan sang, "The times they are a changing."

Gallup Explains Trump: "A Staggering 75% Of Americans Believe In Widespread Government Corruption"

What explains America's revulsion with the existing system? The answer comes from the latest Gallup article: "Explaining Trump: Widespread Government Corruption" in which it finds that once the silent majority of the population can identify the object of their distrust and anger - in this case Congress and the political status quo - and once they can subsequently identify an object that represents its opposite, the latter object's distance to the Oval Office becomes considerably shorter.

Frontrunning: January 4

  • China stocks tank, triggers circuit breaker (Reuters)
  • Stocks Slump Across Europe and Asia Following Shanghai's 7% Crash (BBG)
  • China Halts Stock Trading After 7% Rout Triggers Circuit Breaker (BBG)
  • Iran says Riyadh thrives on tension after relations cut (Reuters)
  • Saudis and Bahrain Face Off With Iran in Worst Clash Since 1980s (BBG)
  • Syrian rebel group backs Saudi move to cut ties with Iran (Reuters)

The Death-Spiral Of American Entrepreneurism

And if American Entrepreneurism is in a death spiral, then so too is the U.S. economy and the state that lives off the surplus generated by American Entrepreneurism.

Why This Sucker Is Going Down... Again

So how do you grow household wealth by $18 trillion in the face of these dismal real world trends? In a word, with a printing press. But what happened today is that Draghi showed he is out of tricks and Yellen confessed she is out of excuses. Yes, this sucker is going down. And this time all the misguided economics professors turned central bankers in the world will be powerless to reverse the plunge.