Trump Is The Madoff Of Politics
"Trump and Madoff are lying, thieving, soulless luxo-thugs for whom chasing the almighty dollar and lying practically every minute of every day was their reason for being...Madoff learned he could rake in the bucks by lying his head off to investors. Trump was learning he could gain political currency by lying about everything from Obama’s birthplace to the evils of immigration."
ZH: Global Risk Assets Exhibiting Unprecedented Correlation
"Remember when Deutsche Bank found late last year that 2018 was the worst year for markets since the great depression, with 90% of all assets posting a drop for the year?"
So far in 2019...
"a remarkable 87% of all MSCI World stocks are up year-to-date"
In human history there has never been so many all-knowing dunces running amok as there are today. Worshipping their Casino-Bankrupter-in-Chief, who had this to say at the State of the Union:
Compliments of the decoupling delusion:
"Several economists said the decline was likely a direct result of the trade war with China, and nudges U.S. growth higher, at least temporarily, while China is slowing."
"America's trade fight with the world has finally started to slow global trade and only time will tell whether this is a good thing for the economy in the long run"
"Palfrey tracks the biggest growth companies and said there’s an unusually high number that have fallen from the top ranks of earnings growth to the bottom 20. There are now seven companies, including Alphabet and Apple. The others are Exxon Mobil, GM, Micron, Chevron, and ConocoPhillips that have suddenly fallen form the top to the bottom ranks. That many companies have only had a “reversal of fortune” three times since 1990."
Those three times since 1990:
Now, Second quarter 2010, and ten years ago - this quarter 2009:
“We actually see the market doing pretty well in 2019”
And what to do at the end of the cycle but loosen credit conditions: