Tag Archive: Donald Trump

A Nation of Crooks?

2016-07-27

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2016-07-27

Apples to Oranges. PARIS – The stock market seemed chilled last week, like a corpse waiting for an autopsy. Monday morning, gold was falling in Europe… as investors anticipate a higher dollar. But we’ll return to the markets, the dollar and the absurdities wrought by our money system, tomorrow.

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Caixin Monthly Column: Brexit

2016-07-11

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2016-07-11

(Here is the latest monthly column I write for Caixin.  It is on Brexit and I wrote it as an email to my mother.  Here is the link.  The text follows) To: Mother, Date: July 4, 2016, Glad to see you figured out how to access your email account. I smiled when I saw your note in my inbox. Thank you, though I am not sure that Thomas Watson felt the same way when Alexander Graham Bell called him.

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Fat People for Trump!

2016-07-11

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2016-07-11

BALTIMORE – One of the delights of being an American is that it is so easy to feel superior to your fellow countrymen. All you have to do is stand up straight and smile. Or if you really need an ego boost, just go to a local supermarket. Better yet, go to a supermarket with a Trump poster in the parking lot.

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Cool Video: Whirlwind Discussion; UK, Politics and the Dollar

2016-07-11

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2016-07-11

Shortly before I was on Bloomberg TV today, Leadsom withdrew from the Tory leadership context, leaving May, who favored remaining the EU, as the likely successor of Cameron. Leadsom had been trailing May even before her controversial weekend comments.

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Planet Debt

2016-07-05

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2016-07-05

She is a low-interest-rate person. She has always been a low-interest-rate person. And I must be honest. I am a low-interest-rate person. If we raise interest rates, and if the dollar starts getting too strong, we’re going to have some very major problems.

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FX Daily, July 04: Four Things that Happened on the Anniversary of the Original Brexit

2016-07-04

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2016-07-04

Inflation expectations fall in Japan. UK construction PMI fell sharply before Brexit. The Australian dollar recovers from the dip as investors await more results. It is not clear that Brexit has sparked a wave of nationalism or anti-EU sentiment.

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“Brexit Sends A Clear Message To Sick Political Elite” Marc Faber Sees “Only Good Contagion”

2016-06-28

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2016-06-28

"We're moving into a global recession that has nothing to do with Brexit," warns Marc Faber stressing that Britain leaving the EU would not be disastrous, saying that if Switzerland can operate in a "single" market and outside of the EU so can Britain.

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Vive la Revolution! Brexit and a Dying Order

2016-06-28

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2016-06-28

A Dying Order Last Thursday, the Brits said auf Wiedersehen and au revoir to the European Union. On Friday, the Dow sold off 611 points – a roughly 3.5% slump. What’s going on?

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Great Graphic: Age and Brexit

2016-06-21

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2016-06-21

The betting and events markets have shifted more decisively than the polls in favor of the UK to remain in the EU.  Sterling extended its rally from $1.4010 last Thursday to nearly $1.4785 today, as the market participants adjust positions. What is particular striking is that the asymmetrical perceptions of the personal impact of a … Continue...

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The Trump Risk: Will President Trump Trigger a Recession?

2016-06-10

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2016-06-10

“The economic consequences of a Trump win would be severe,” claims Mr. Summers in the headline. But he has no way of knowing what the consequences would be, let alone if they would be severe. Would they be worse than if Ms. Clinton were elected? No one knows.

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FX Daily, June 8: Currencies Broadly Stable, but Greenback is Vulnerable

2016-06-09

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2016-06-09

Once again the Swiss Franc appreciates both against EUR and USD. The euro topped at 1.1095 shortly before the US payroll data and has fallen to 1.0932. The dollar has fallen from 0.9947 to 0.9596. The foreign exchange market is quiet.  The euro remains confined to the narrow range seen on Monday between $1.1325 and $1.1395.  We continue to look for higher levels near-term as the drop from May 3 (~$1.1615) to May 30 (just be...

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Janet Yellen – Backtracking Again

2016-06-08

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2016-06-08

  Muhammad Ali Could Take a Punch BALTIMORE – You had to admit. Muhammad Ali could take a punch. Unlike Donald Trump, Dick Cheney, George W. Bush, and Bill Clinton, he was a real war hero. He stood up and faced his enemies on the draft board, rather ...

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FX Daily, June7: Another Breakdown of EUR/CHF

2016-06-07

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2016-06-07

Once again both EUR and USD broke down against the franc. The adverse effect of the Friday US jobs reports is visible again. Moreover, CHF appreciated with the Asian block, with AUD and NZD and with the oil price.

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Grasping Parasites and Bernie the Underdog

2016-06-03

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2016-06-03

The system changed in 1971, when President Nixon took the dollar off the gold standard. Since then, the powers that be no longer depended on Congress… or savers…or voters… to raise the funds they needed. What about Bernie Sanders?

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A Thank You to the Jackasses Running the Economy

2016-05-30

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2016-05-30

  Rolling Back 200 Years of Growth BALTIMORE, Maryland – The press reported mixed financial news on Thursday. House sales, oil, unemployment figures… up, down… the news left investors puzzled.   Two of many symptoms of the much-bewailed “populist bac...

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The Power Elite: Bumbling Incompetents

2016-05-28

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2016-05-28

Is there any smarter group of homo sapiens on the planet? Or in all of history? We’re talking about Fed economists, of course. Not only did they avoid another Great Depression by bold absurdity…giving the economy more of the one thing of which it clearly had too much – debt. They also carefully monitored the economy’s progress so as to avoid any backsliding into normalcy.

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Time to Raise the White Flag at Gualfin?

2016-05-26

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2016-05-26

  Who Cares What Voters Want? BALTIMORE, Maryland –  There were two newsworthy developments last week, neither of them really important – the first because it won’t happen, the second because it won’t matter. First, the Fed let it be known that it ha...

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Trump’s Biggest Deal

2016-05-17

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2016-05-17

A reader asks Bill Bonner "Trump is the only candidate that might have a chance to get us out of the financial and economic mess the United States is in." Is he really?

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Retirement Torpedoes and Democracy

2016-05-14

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2016-05-14

Bonner compares Total credit market debt, federal government debt and GDP – an economy running on debt, and now running on empty.

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Heretical Thoughts and Doing the Unthinkable

2016-05-13

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2016-05-13

  Heresy! NORMANDY, France – The Dow rose 222 points on Tuesday – or just over 1%. But we agree with hedge-fund manager Stanley Druckenmiller: This is not a good time to be a U.S. stock market bull.   Legendary former hedge fund manager Stanley Druck...

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