The bailout and subsequent corporate Shock Doctrine - liquidation of the economy to bolster short-term corporate profit, have now put the system of Globalized capitalism at risk. Arguably it wouldn't even exist today were it not for the bailouts in 2008. Given that the fiscal deficit is already stretched to the maximum at cycle high "GDP", shows the full extent of the smoke and mirrors now being employed to keep this farce running. There is zero margin of error this time around - nowhere to go with interest rates and nowhere to go with fiscal stimulus. Both are maxed out ten years after Lehman...
Goldman is now saying what I've been saying all along about the tax cut, it has put global risk assets at record risk:
"It was the best delusion $1 trillion of stolen money could buy"
Amid escalating trade wars with China, Canada, and Europe, now Trump is opening up another front against Japan.
"Still, Oppenheimer, in a phone interview with MarketWatch, cautioned against interpreting the Goldman report as a staunchly bearish outlook. “We’re not flying the flag here and saying that there is going to be a deep bear market.”
"The Fed had been concerned about lagging wage growth, and if the August report is the start of a trend, both wages and inflation could continue to pick up, motivating the Fed to continue raising rates"
This week in a nutshell:
"an unusual period for Wall Street, characterized by loose monetary policy and a recent spate of fiscal stimulus has resulted in an uncannily bullish cycle for markets that is likely to come to a screeching halt."
"It was the best delusion $1 trillion of stolen money could buy"
Amid escalating trade wars with China, Canada, and Europe, now Trump is opening up another front against Japan.
The depths of his arrogance and ignorance have no limit:
The decoupling fantasy which has proven to be wrong time and again even in the past ten years, is at its widest delusion ever.
Trade wars are bad for the rest of the world, but good for the U.S. Especially good for corporate profit.
Trade wars are bad for the rest of the world, but good for the U.S. Especially good for corporate profit.
Ten years later what have we learned?
We've learned that Idiocracy's don't learn.
"Still, Oppenheimer, in a phone interview with MarketWatch, cautioned against interpreting the Goldman report as a staunchly bearish outlook. “We’re not flying the flag here and saying that there is going to be a deep bear market.”
"The Fed had been concerned about lagging wage growth, and if the August report is the start of a trend, both wages and inflation could continue to pick up, motivating the Fed to continue raising rates"
This week in a nutshell:
