Wednesday, March 1, 2017

Trapped In the Dunce Echo Chamber. No Way Out

"Can you hear me now?"

The Q1 GDP forecast just dropped by 30% in one week, with a month to go in the quarter. Is that bad - when the Fed is planning to raise interest rates March 15th?

Bernie Madoff's evil twin
Warren Buffett proves the adage that it's better to have printed money, bailouts, and inter-generational theft, than to have a brain in your head...

Yes, the Dow has skyrocketed 2,400 points since President Trump's victory, and the Dow is in the midst of its longest streak of records since [before the] 1987 [crash]...

"We are not in bubble territory or anything of the sort"

"Interest rates are low, so buy stocks before the economy totally implodes"

Clearly it's going to take a few more macro data points to wake the dead...

This just in, first quarter GDP is imploding:
The GDPNow model forecast for real GDP growth in the first quarter of 2017 is 1.8 percent on March 1, down from 2.5 percent on February 27

Hegemonics 101 for total fucking idiots: Debt is "GDP"
Borrow 2.9% of GDP for a 1.8% growth rate. 100% Ponzi:

Notable new all time highs...


Chicago Mercantile Exchange

Nasdaq holding company aka. Skynet

Cisco (Not all time high. That was set in Y2K):


General Dynamics

Johnson & Johnson


Wells Fargo