Two contrasting viewpoints: Pessimistic: The Truly New Year Optimistic: Financial Fridays: The Stock Market is Bullshit New inventions and technologies would outpace the demand for those commodities so that as we needed their functionality more, the prices would fall. Think about computers: your price per speed and functionality in your computer has gone down every… Continue reading Better or Worse?
Tag: doom and gloom
Soros: It’s the 2008 crisis all over again
Soros: It’s the 2008 crisis all over again George Soros is just another liberal who wants the economy to fail, for personal profit and to foment ‘revolution’ and class warfare, similar to past leftist upheavals such as the October Revolution, French Revolution, The Great Depression, and, to a lesser extent, the financial problem of 2008,… Continue reading Soros: It’s the 2008 crisis all over again
The Bailouts Benefited Everyone, Not Just Bankers
From NYT: Bernie Sanders: To Rein In Wall Street, Fix the Fed WALL STREET is still out of control. Seven years ago, the Federal Reserve and the Treasury Department bailed out the largest financial institutions in this country because they were considered too big to fail. But almost every one is bigger today than it… Continue reading The Bailouts Benefited Everyone, Not Just Bankers
Collapse can wait
From David Stockman: Why This Sucker Is Going Down…….Again! In a word, with a printing press. But what happened today is that Draghi showed he is out of tricks and Yellen confessed she is out of excuses. Yes, this sucker is going down. And this time all the misguided economics professors turned central bankers in… Continue reading Collapse can wait
How the Liberal Media is Always Wrong
We’re all dreaming the same dream that someone or something will break the monotony, and maybe that’s why Trump, who is perceived as a renegade in a world of ‘politics as usual’, is so popular. He’s like the Right’s version of Obama, bearing ‘change’, although more competent than Obama. You’re not missing out on anything… Continue reading How the Liberal Media is Always Wrong
Don’t Blame the Fed – Blame Stupid People, Liberalism, Democracy
Bitcoin keeps going up, now $110 higher than my post about it last week and over $220 higher than my purchase price: Anyway, someone posts: We all know the state of the financial world is far from good, just a few points: Government debt at unprecedented levels. Still at emergency easing levels 8 years later… Continue reading Don’t Blame the Fed – Blame Stupid People, Liberalism, Democracy
The Appeal of Doom and Gloom
In a slow news cycle, like we’re in now, human interest stories dominate, stuff like the the clock hoax, the Budapest refugee ‘crisis’, and so on, all overblown to turn outrage and curiosity into ad dollars. That’s why the news is a waste of time…little actionable value can be gleaned from it. The same goes… Continue reading The Appeal of Doom and Gloom
The Fed May Never Raise Interest Rates Again
The fed may never raise rates again: Horwitz: ‘The Fed may never raise rates again’ I hope he’s right. The bad jobs number last week increases the odds rates will remain low, and the fed has no pressing reason to raise rates, anyway. The bond market isn’t signaling inflation and neither is the economic data.… Continue reading The Fed May Never Raise Interest Rates Again
Peter Schiff and other Doom and Gloomers Losing Credibility
It appears that even posters in the right-leaning neo-reactionary community are starting to call out these doom and gloomers like Peter Schiff, Karl Denninger, and Nicholas Nassim Taleb for crying wolf too many times. In response to a viral video from Santelli on zerohedge about Yellen admitting “Cash Is Not A Store Of Value”, a… Continue reading Peter Schiff and other Doom and Gloomers Losing Credibility
The Daily View: Stocks Surge, Hillary, Religion, Paul Tudor Jones
Another big day for stocks. The major indexes rose 3% for the week thanks to the fed’s pledge to not raise interest rates, even as the fundamentals of the economy remain sound. Since early 2014 or so, the news cycle has become so moribund that the media has to invent scandal and outrage where none… Continue reading The Daily View: Stocks Surge, Hillary, Religion, Paul Tudor Jones