Thursday, August 30, 2018

Banana Republican

Trumptopians are ALL IN betting that Trump represents the beginning of a new economic super-cycle, predicated upon the plundering of all future generations. Whereas unfortunately he heralds the exact opposite - the ignominious dying days of an erstwhile global super-power. There's a reason why they picked a con man to make American great again - no one else was up to the task...

The ease and speed with which Larry Kudlow just flipped from being a lifelong Reaganite Supply-Sider to being an ardent tariff negotiator, shows that the right's only true ideology was expediency. Post-bailout they have no functioning ideology. Now their hopes are pinned on someone who makes Bernie Madoff look innocent by comparison.  

Speaking of which, the Croupier-In-Chief promises more big gains are coming. It's all going to come down to how many people are left to con...




Let's take another look at the sectors that Trump has "helped" the most:

Steel





Autos




Energy





Lumber




But really all he has done is helped to accelerate the process of moving the entire "economy" online where it can bypass the entire economy. To the benefit of the "jobless consumer", beneficiary of Supply Side Ponzinomics.



"Sen. Bernie Sanders plans to introduce legislation next month to give large employers like Amazon and Walmart the choice to either pay workers a higher wage or to pay taxes equal to the total cost of federal assistance programs their workers use.

The proposal aims to raise taxes from large corporations equal to the amount that the company’s low-wage employees use in federal benefit programs each year. If an Amazon employee uses $100 in food stamps, Amazon would be taxed $100."

Call it the Banana Republic bill

















18 years, but who's counting?





There's no question that without a bailout this joker wouldn't still be blowing smoke up everyone's ass...

Note which economically diversified company is not confirming the S&P 500's new all time high. Not enough Go Daddy in this portfolio.

Bueller?