Rude Awakening

Washington: The Bleeder Of The 'Free World'?

"This is not the idealized conduct of the self-proclaimed 'leader of the free world'. America is increasingly seen as the 'bleeder' – a declining power which wants to suck the economic lifeblood from others in order to sustain itself. .."

The Permian Boom Is Coming To An End

"The pressure on shale drillers to throttle back on their aggressive drilling continues to crop up in new places, and there are growing signs that the Permian is slowing down..."

How To Make The Financial System Radically Safer

The best way to regulate banks is to turn over regulatory control to the very exacting, and unsympathetic, order of the market. That is to have little to no regulations and one very specific and uncompromising provision: "There will be absolutely, unconditionally, categorically, no government funded bailouts."

Is The Fed About To Drop The MOAB On Wall Street?

What all this warrants is extreme caution in Bubbleville. With geopolitical risk flashing bright red, half percent GDP growth, record high equity valuations and a delusional Fed that continues threatening interest rate normalization; the market’s reality check is surely imminent.

Monumental Gridlock Meets Blind Euphoria

"To me, this situation feels like a slow-motion train wreck where all you can do is watch... Washington’s monumental gridlock is on a collision course with investors’ blind euphoria. We’re all on one train or the other. Hold on tight."