The Dead End Of Trickle Down Voodoo Economics

Aside from being obese, dementia-ridden, and addicted to junk food, junk culture, and pharmaceuticals, this society is in "excellent" health. Just one wafer thin mint away from implosion...

President Camacho is a *special* purpose con man - he's the con man sent to con all of the other con men in this society. No easy task, to be sure. And yet by all accounts he has done a spectacular job - now evincing record fake over-confidence in stocks, oil prices, real estate, consumer sentiment, economic outlook, corporate profits, global growth, Ponzi cryptos etc. etc. etc...

Don't get me wrong, I like Trump: he's one stop shopping for everything that's wrong with our society - he's narcissistic, ignorant, dementia-ridden, all-knowing, obese yet 'healthy'. And he has the attention span of a coked up flea. Of course, if you ask the people in his own cabinet, they would add that he's a fucking moron and dumb as shit. But what do they know?

We learned just yesterday that thanks to his diet centered around Diet Coke, KFC and McDonald's, Trump is in "excellent" health:

"President Donald Trump's doctor, Dr. Ronny Jackson, characterized the president's health as "excellent," but like the majority of Americans, Trump is overweight obese and he doesn't get enough any exercise."

Faux News was all over it. Meanwhile, yesterday we learned that homebuilder sentiment slipped a tad:

BBG: Homebuilder Sentiment Slips From 18 Year High

"Sentiment among America’s homebuilders eased in January to the second-highest level since 2005, a sign the housing market will continue to make strides this year"

Today we learned that housing starts plunged. but there is no cause for concern:

Of course, in reality (realty?), builder optimism is falling, and demand is also falling, because interest rates are rising:

Housing starts (blue) with short-term rates (red)

"Not this again!!!"

Years ago, Prechter made the point of saying that this cycle will be harder to "trade through", because it's one cycle degree larger than 2008. I didn't believe him, but it turns out of course that he was right.

It had to be longer and larger, in order to con more sheeple. It's one cycle degree larger with respect to time, price, and most importantly, in the magnitude of circus clowns now leading the way...

"We hope they’re right because the cost of being wrong could prove to be catastrophic"