Tyler Durden

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..."

Growth In China Is Slowing: What Does It Mean For Commodity Prices

With economic growth slowing in China, the question is i) will it continue into 2018, and ii) will it lead to bulk commodity prices deflating? In short, due mainly to slower overall credit growth vs. prior mini-bubbles (i.e., 2009, 2013, and 2016), a material slowdown in economic growth or asset values in China’s market is inevitable.

Weekend Reading: Will Tax Reform Deliver As Expected?

While Congressional members were campaigning yesterday that the “tax plan” would give an $1182 tax cut to most Americans, it should not be forgotten that since they failed to “repeal and replace” the Affordable Care Act, any tax cut will only be diverted to offset a substantial rise in health care premiums in 2018.

The Biggest Ponzi In Human History

"So no, there’s no way out. My best guess is the first country to deal with this in an aggressive manner will be the -relative- winner. All others are goners..."

Donald Trump: Warmonger-In-Chief?

"Hopefully, cooler heads in the Administration will prevail, however, a more peaceful world is unlikely with the likes of Donald J. Trump at the command of the greatest destructive force in human history."

Weekend Reading: Tax Cut Wish List

"It is a simple function of math. But the following chart shows why this has likely come to the inevitable conclusion, and why tax cuts and reforms are unlikely to spur higher rates of economic growth..."

The Divisive Fallacy Of Bubble Fortunes

"The world’s central banks have blown giant bubbles all over the place. That’s where the bulls’ 'fortunes' come from. They are bubble fortunes. It has nothing to do with being smart... there are no investors left to begin with, because you can’t be an investor if there are no functioning markets, and for a market to function you need price discovery. Which is exactly what central banks have killed."

Weekend Reading: They're Baaaccckkk!

"With cash levels at the lowest level since 1997, and equity allocations near the highest levels since 1999 and 2007... investors are now functionally 'all in'..."