Gambling

The "Philippines' Donald Trump" Surprises Critics By Unleashing "Long-Term Economic Boom"

With statements like "I don't give a shit about... the son of a bitch United Nations", calling the US ambassador to his country an "Annoying, homosexual, son of a bitch" and even joking about gang rape, not to mention his radical policies including the killing of hundreds of drug dealers, the Philippines new president Rodrigo Duterte quickly got the nickname of the "Philippines' Donald Trump." More importantly, he is also seen as unleashing an unexpected "economic boom" success story.

Frontrunning: August 11

  • Stocks choppy, Kiwi soars after rate cut (Reuters)
  • Putin discusses Crimea security after alleged Ukrainian incursions (Reuters)
  • IEA Sees Oil Glut Easing (BBG)
  • Meanwhile: more oil - Iraq, oil companies agree to restart investment, boost output (Reuters)
  • U.S. Drillers Need $60 Oil to Stage Real Comeback, IEA Say (BBG)

Memo To The Donald - 10 Great 'Deals' To Save America Before It's Too Late

Unfortunately, it appears too late to reverse the tidal wave of system failure that has been brewing for three decades now. But there is a sliver of hope.If Donald Trump is elected, eschews a law and order crusade and does not capitulate to the destructive policies of the Wall Street/Washington/bicoastal establishment, there is a way forward..

The Warren Buffett Economy: How Central-Bank-Enabled Financialization Divided America

Needless to say, the above outlandish graph does not capture capitalism at work. Nor did the speculators who surfed upon this $45 trillion bubble harvest their monumental windfalls owing to investment genius. Instead, it is the perverted fruit of Bubble Finance, and there is no better illustration of this bubble surfer syndrome than the sainted Warren Buffett.

Trump Taj Mahal To Be Shuttered... Again

In a move that couldn't be worse timing for The Donald, Carl Icahn is closing the Trump Taj Mahal in Atlantic City, a property Icahn acquired out of bankruptcy, after a battle with union workers over wages and healthcare

What Happens When Rampant Asset Inflation Ends?

The insanity of the two strategies to keep inflated asset prices alive is no hindrance to their implementation. The collapse of asset inflation will implode all the fiscal and financial promises based on ever-inflating assets and reveal the unsustainability of the status quo's strategy of substituting debt and asset bubbles for stagnating real income.

David Stockman Rants Against The Dangers & Digressions Of The Donald's Demagoguery

"Making America great" is about unleashing the nation’s capitalists again. It’s an expression that prosperity is not bestowed by the state but won by the kind of builders, investors, innovators and workers that The Donald fancies to be the essence of Trump Inc. To that extent, Donald Trump could be regarded as an incipient anti-statist. While this might seem like an overly generous characterization, it is a measure, alas, of the degree to which the bipartisan “policy” consensus against him has congealed around what is essentially a Keynesian axiom of endless macroeconomic intervention and “stimulus”.

The Good, The Bad, & The Great Of Donald Trump's Candidacy

"Donald Trump’s overwhelming virtue is that he is not Hillary Clinton and does not carry a bulging 30-year old bag of bad ideas. Hillary’s ideas—–and those of the establishment for which she shills——about how to fix the coming economic and foreign policy crises, in fact, are so unequivocally and irremediably bad that it is not possible that there is anything worse."

Hillary Clinton: Class President Of A Failed Generation

After all this time, however, Hillary doesn’t get any of it. She thinks war is peace; deficits don’t matter; the baby boom is entitled to the social insurance they didn’t earn; and that the Fed’s serial bubble machine is leading the nation back to prosperity. But like the generation she represents, she has betrayed hergrand ideals over a lifetime of compromise, expediency, self-promotion and complacent acquisition of power, wealth and fame. She doesn’t deserve another stint at the podium - let alone the bully pulpit.

Frontrunning: July 25

  • Democrats in disarray on eve of convention to nominate Clinton (Reuters); After Gloating, Democrats Face Unity Problem of Their Own (BBG)
  • Florida nightclub shooting leaves two dead, up to 16 wounded (Reuters)
  • Yellen Still Waiting for Overwhelming Evidence to Warrant Hike (BBG)
  • Oil Trades Near Two-Month Low as Drilling Increases Amid Surplus (BBG)
  • Fraud Investigation Ricochets Through Hedge Fund Known for Ties to Jewish Community (WSJ)