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Cory’s Chart Corner
Load MoreHeadline chasing algos need to do deeper dives...
h/t @hussmanjp
y'all realize the UK is only about 3% of U.S. trade, the U.S. already runs a surplus there, and the 10% U.S. tariffs will stay, right?
keep in mind that studies indicate U.S. consumers shoulder the majority of tariff incidence, with minor incidence to foreign countries
Monthly Archives: June 2015
China dragon now limping on all legs
The Chinese economy has been deflating since the US consumer debt bubble peaked and burst in 2007. In the first quarter of 2015, official growth averaged 7%-less than half the 2006 peak–while real life indicators like energy and freight use … Continue reading
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Perspective on the evolution of gay rights
The Supreme Court of the United States ruled today that same-sex couples have the right to marry in America, at long last. As with all major social evolution, early advocates attracted anger from all sides. After new Supreme Court rulings … Continue reading
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The painful regret of reckless bets
Valuations in corporate debt and equity markets have been loony bin for many months. Apart from a brief retrace to fair value in the spring of 2009, most security prices have made no fundamental sense since at least 2011 when … Continue reading
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