Thursday, August 15, 2019
Jobless claims through 8/10/19 pop above year ago levels in both seasonally-adjusted and not-seasonally-adjusted
That's now the third time in recent months (May, June, August), a concerning sign given that full time employment usually peaks in 3Q. It's not encouraging to see such weakness at the strongest time of the year.
Obama's minions in Philly, where in 2008 he talked about bringing a gun to a knife fight, laugh at cops being shot
Obama Goes One on One, Battling ‘Just a Speechmaker’ Label:
He
has also been showing a more pugnacious side, commenting at a
Philadelphia fund-raiser Friday that he was prepared for a fight with
Republicans, saying, “If they bring a knife to the fight, we bring a
gun.” That line, from “The Untouchables,” led the campaign of his
Republican opponent, Senator John McCain of Arizona, to cry foul and to suggest that hopes for an elevated dialogue were in danger.
Wednesday, August 14, 2019
Jeffrey Snider: The whole global economy is in trouble, and it isn't because of a few billion in US tariffs on Chinese goods
Rather it is because hundreds of billions of dollars worth of liquidity keep disappearing since the Great Financial Crisis.
Treasury bonds are the most expensive they have been in over sixty years
All "asset" classes are near-record expensive: bonds, stocks, gold, housing, college education, health insurance policies . . ..
Cliff Asness, here:
So, the bottom line is, as measured by real bond yield, U.S. Treasury bonds are really frickin’ expensive. Measured by the slope of the yield curve they are really frickin’ expensive. But, measured by the average of these two simple variables, they are 60+ year just about record-low frickin’ expensive. This result is not caused by, but is certainly exacerbated by, the (perhaps) surprisingly uncorrelated nature of slope and real bond yield, thus making both so low and at the same time considerably more surprising.
Now that's what I call bi-partisanship: China attacks the Senate Majority Leader and the Speaker of the House
Notably missing from the attack is President Trump. None dare call him Quisling.
Tuesday, August 13, 2019
Rush Limbaugh tries to sandbag his audience, claims guy FILMING himself calling Cuomo Fredo really believed his name was Fredo because Rush calls Cuomo that
If that's true, then Rush's audience is dumber than a million Fredos, which makes Rush pretty stupid for not thinking of that.
Obviously the guy didn't believe that Fredo was Cuomo's real name, otherwise filming the set up would have been completely beside the point. The point was to get the reaction on film.
Rush didn't invent the Fredo meme for Chris Cuomo. It's been out there at least since 2010 in New Yawk City, thanks to Curtis Sliwa.
The Fredos of the world unite
If Chris Cuomo were a Michael and not a Fredo, he would have punched that guy right in the kisser just like Buzz Aldrin punched that guy who called him a coward, a liar and a thief. But he didn't. He backed down, just like the guy hurling the insult backed down. This is snowflake America.
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