Big Apple

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."

Bill Blain: "Some Of The Ongoing Market Evolution Really Scares Me"

"Some of the ongoing market evolution really scares me. Like the significance of the fragmentation of markets into smaller and smaller liquidity pools. Combined with trade-frustrating regulation, it’s just downright dangerous... Problem is, much of danger lies so far below the visible surface, I’m not convinced markets really understand how potentially one-way current stock trading has become."

Missouri's New Minimum Wage Law Will Be... Complicated

Generally when we see news of a new minimum wage law it relates to a city or state raising it. Missouri went in the opposite direction recently, instituting a rule which forbids any local government entities from instituting a minimum wage which is higher than that state minimum.

The Uncanny Similarities Between President Trump And FDR

The first observation that really struck me is how much Trump genuinely cares about “the little guy”. FDR was just as sincere about helping all the millions of hungry, homeless and jobless Americans, during the Great Depression. The US had to wait eight years after the Great Financial Crash of 2008, also known as the Great Middle Class Gang Bang, for populist Trump to ride to the rescue.