recovery

Britain's Gravest Economic Challenge Isn't Brexit

Few British budgets have mattered as much as the one that Philip Hammond will deliver to the House of Commons on Nov. 22. He must shore up Theresa May’s perilously shaky government ahead of a vital Brexit summit of European leaders in mid-December, but the gravest challenge he faces is economic: Britain’s persistent productivity blight.

Is Financial Argmageddon Bullish For Stocks? One Bank's Surprising Answer

""We remain constructive on financial assets not because we believe in a sustainable recovery but rather because we do not believe in one, and thus we do not see any viable alternatives to an ongoing financialization, which needs to be facilitated through excess liquidity, avoiding proper price and risk discovery, and thus avoiding asset price volatilities.

Is America In Terminal Decline?

"The cut-off point is 2009... Before that, borrowing could create the illusion of a rising standard of living. Those days are gone. And it’s very hard to see, when you take a good look, what could make them come back."

Stockman Slams "The Awesome Recovery" Narrative

"In the face of blatant dangers and even existential threats, the denizens of the Acela Corridor whistle past the graveyard with alacrity. So doing, they turn a blind eye on virtually all that contradicts the awesome recovery narrative, the indispensable nation conceit and the Washington can Make America Great Again (MAGA) delusion, among countless other fantasies."

Weekend Reading: You Have Been Warned

"Investors aren’t paying attention... There is an important picture that is currently developing which, if it continues, will impact earnings and ultimately the stock market..."

The Demise Of Dissent: Why The Web Is Becoming Homogenized

In other words, we'll be left with officially generated and sanctioned fake news and "approved" dissent: unemployment is at record lows, inflation is near zero, the "recovery" is alive and well, Russia is the enemy and any suggestion to the contrary is propaganda that must be eradicated as fake news, etc.

As Oil Heads For Down-Week, Crude Stakes Are Huge

After five straight weeks higher - read by many as confirmation of how awesome the global coordinated recovery must be - WTI and Brent dropped this week as inventories rose, demand outlooks dimmed, and OPEC hope faded. Right now, there is a titanic struggle going on right now in the oil market.

Virtue Signaling On Tax Cuts

As happens every time any sort of tax change that can be demonized as “tax cuts for the rich” is proposed, the Trump administration’s framework for tax reform has been met with “tax me more” virtue signaling...