Category Archives: Uncategorized

American Democracy In A Bear Market

…As partisans have drifted apart geographically and ideologically, they’ve become more hostile toward each other. In 1960, less than 5 percent of Democrats and Republicans said they’d be unhappy if their children married someone from the other party; today, 35 … Continue reading

Posted in Fed, Politics, Uncategorized | Tagged , , , | Leave a comment

Manufacturing Sector Contraction Continues, Led By New Orders – ISM

Of the 18 manufacturing industries, five reported growth in November: Apparel, Leather & Allied Products; Food, Beverage & Tobacco Products; Paper Products; Miscellaneous Manufacturing; and Computer & Electronic Products. (Tempe, Arizona) — Economic activity in the manufacturing sector contracted in November, and … Continue reading

Posted in Economics, Uncategorized | Tagged , , | Leave a comment

S&P’s Great Run…What Next?

The S&P500 price index is up 25.30 percent going into December, the 9th best performance for the index from January to November since 1950.   What makes this year’s rally unique to the prior big years is that it launched from … Continue reading

Posted in Algos, S&P500, Uncategorized | Tagged | Leave a comment

Ten Facts About Inequality In Advanced Economies (AE) — PIIE

Very good discussion on the inequality landscape in the AEs.  We know it ain’t no Tik-Tok video but it’s a good investment of your time to learn something more about what is important and going to drive the political economy … Continue reading

Posted in Inequality, Uncategorized | Tagged , , | Leave a comment

The Parable Of The Good Salvadoran

It was just past midnight on a Saturday night when the pastor of a popular urban city megachurch, Reverend Jerry Graham Jr., had just finished the bulletin on the billboard sign located on the lawn outside the large modern church … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment

Discipline Trumps Conviction

Today’s close above 3125 takes us out of our short position, which we started scaling into at 3025.  We are still fairly confident that this market can be bought at much lower prices at some point in the next 18 … Continue reading

Posted in Economics, S&P500, Uncategorized | Tagged | 1 Comment

Party Like It’s 1999

Geez…all roads seem to lead to skewed distributions, be it: 1) household wealth ;  2) excess reserves held by a few large SIFI banks, and, 3) stock market returns (narrow breadth).   Not healthy. Handy graphic from #EvercoreISI showing highly-concentrated returns … Continue reading

Posted in Uncategorized | Leave a comment

Is Real Populism On The Way?

The new cover of Time thinks so. Real populism is usually rooted in left-wing economic policies of soaking the rich, import-substitution trade policies and zero concern of protecting the wealth of the elites, which is mostly held in the financial genre of … Continue reading

Posted in Populism, Uncategorized | Tagged , , | Leave a comment

Ronald Reagan Must Be Rolling Over In His Grave

There are facts, as established and documented in the Mueller Report, and there are conspiracies, created and propagated by the Russian GRU and Vladimir Putin, and held by the President of the United States and his followers. The Russia expert … Continue reading

Posted in Uncategorized | 1 Comment

This “Chinese Hoax” Is Already Getting Old But Just Beginning

The concept of global warming was created by and for the Chinese in order to make U.S. manufacturing non-competitive. — Donald J. Trump (@realDonaldTrump) November 6, 2012 Our power is going to be shut off again.  That’s three times in … Continue reading

Posted in Climate Change, Economics, Uncategorized | Tagged , , | Leave a comment