My trade recommendations in vehicles tied to interest rates — at the moment, they include TLT, T-Bond futures and JNK — are becoming increasingly aggressive because it feels to me like T-bond bears and dollar bears are about to get their butts handed to them. Regarding the idiotic but nonetheless widespread notion that the Fed will tighten “soon” — two Fed poobahs recently asserted that this would almost surely happen in September — the crowd is flat-out wrong (as they have been for years). More likely is that the Fed will eventually be forced to loosen — a desperate measure that will fail because the federal funds rate is already close to zero. The alternative is a dollar strengthening beyond control, pushed now by China’s aggressive entry into the global devaluation Olympiad. But it will happen anyway. The tectonic power of a rampaging dollar will render the central banks’ efforts to counteract it futile. The dollarization monster they have created is many orders of magnitude stronger than all of the banksters acting in concert, as the financial world is about to discover.
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Retail sales seem to be going down across the board.
What Trump is saying is at long last making sense to fed up Americans. Of course it is about 20 years too late to easily fix those problems.
Technology, Open Borders, and Free Trade mean the days of working hard to get ahead have come to an end.
There are already guys in their middle thirties that have never had a real job.
Obamacare is ready to serve up some healthy rate increases for 2016.
Coal is being declared verboten to enable massive electricity rate increases.
In short, it appears “Going Galt” won’t be a choice, it will be the only option available to the masses.
That, and Soma, and Victory Gin.
Ah yes, Life, imitating Art!
Oscar Wilde meets Caitlyn Jenner.