Thursday , June 27 2019
Home / Tag Archives: On Politics

Tag Archives: On Politics

Feeling the Heat of a Civilization on the Downside

  An Epic Folly for the Ages Today we begin with a list.  A partial list.  And in no particular order… Angela Merkel. Donald Tusk. Mario Draghi. Donald Trump. Jerome Powell.  Shinzo Abe.  Haruhiko Kuroda.  Theresa May. Boris Johnson. Mark Carney. Xi Jinping.  Emmanuel Macron.  Vladimir Putin. Justin Trudeau. Juan Trump.  And many, many more… Politicians and bureaucrats of the modern age of statism and central planning… fighting a...

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“We’re All Socialists Now”

  An Ominous Sign of Things to Come Despite being probably robbed of the Democratic Party’s nomination by the Clinton political machine, the success of the Bernie Sanders’ 2016 campaign with his advocacy of “democratic socialism” was an ominous sign of things to come and, in some sense, more telling of the political climate than Donald Trump’s improbable victory in November, 2016. Bernie Sanders, yet another professional finger-wagger...

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Elizabeth Warren’s Plan to Bamboozle American Voters

  A Plan for Everything! The run-up to the presidential primaries offers a funhouse reflection of American life.  Presidential hopefuls, hacks, and has-beens turn to focus groups to discover what they think the American electorate wants. Then they distill it down to hollow bumper stickers. After that, they pump their fists and reflect it back with mindless repetition. A plea for clemency from Mr. 1/1024th crow. [PT] Change We Can...

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May Away

  May Gone in June… Yes, now that June is here, it is indeed the end of May. Theresa May, to be precise, the henceforth former British Prime Minister. After delivering her unparalleled masterclass in “how to completely botch Brexit”, British cartoonists are giving her a well-deserved send-off, which we are documenting below. But first, in case you don’t know anything about Ms. May’s heroic “Brexit”-related efforts, here is an...

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The Ugly End of Globalization

  The Ugly End of Globalization Sometime in the fall of 2018 a lowly gofer at the New York Stock Exchange was sweating  bullets.  He had made an honest mistake.  One that could forever tag him a buffoon. Art Cashin the living hat-stand, going through a succession of DJIA milestone hats. He promised was going to crack a smile for the Dow 27,000 hat photo, alas, it was not to be. [PT] After trading sideways for most of the spring, the...

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Workers of the World, Unite!

  A Jolly Little War The dawn of war is a time of simple clarity and purpose.  Good guys vs. bad guys.  Cowboys vs. Indians.  Confederates vs. Yankees.  Coppers vs. robbers.  It’s a time when lines are drawn, songs are sung, and drums are beaten with gaiety and confidence. A jolly little trade war – easy to win, according to the CiC [PT] Indeed, calls for ‘a jolly little war’ are always greeted with merriment and optimism.  This also...

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Why Fed Chair Powell is a Laughingstock

  Fake Work Clarity.  Simplicity.  Elegance.  These fundamentals are all in short supply.  But are they in high demand? As far as we can tell, hardly a soul among us gives much of a rip about any of them.  Instead, nearly everyone wants things to be more muddled, more complicated, and more crude with each passing day.  That’s where the high demand is. One can always meet the perils of overweening bureaucracy with pretend happiness…...

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Why a Chernobyl-like Financial Disaster is Inescapable

  Why a Chernobyl-like Financial Disaster is Inescapable In the early morning hours of April 26, 1986 – roughly 33 years ago – things went horribly wrong in the town of Pripyat, in northern Soviet Ukraine.  Reactor No. 4 at the V. I. Lenin Nuclear Power Plant, also known as the Chernobyl Nuclear Power Plant, was overwhelmed by an uncontrolled reaction.  There was no stopping it. Chernobyl after the explosion (left) and today (right),...

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Kashmir: The Constant Conflict

  Threats of Nuclear War On February 26, 2019, the Indian Air Force, for the first time since 1971, conducted a raid inside Pakistan, and allegedly hit a terrorist training camp, killing more than 250 terrorists. Pakistan showed photographs of damage to a tree or two. According to Pakistani officials, no one died and no infrastructure was damaged. Mirage 2000 warplane of the Indian Air Force in medias res. [PT] Photo credit:...

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The Liquidity Drought Gets Worse

  Money Supply Growth Continues to Falter Ostensibly the stock market has rallied because the Fed promised to maintain an easy monetary policy. To be sure, interest rate hikes have been put on hold for the time being and the balance sheet contraction (a.k.a.“quantitative tightening”) will be terminated much earlier than originally envisaged. And yet, the year-on-year growth rate of the true broad money supply keeps declining...

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