Thursday, August 16th, 2018 MST

Category: Economic Crisis

All is well

If you watch the financial news networks, especially Fox, you are told that “All is well,” that the economy will grow this year somewhere near 3% and that stocks are still good buys.  However, there are indicators of strains on the economy that are not often mentioned on Fox.

The dollar will be destroyed

In my post No reflation?, I discussed the perma-bulls’ continued recommendation of “buying the dips.”  In support of their position, TV talking heads speak of an “improved economy and higher corporate earnings” as reasons to continue buying stocks. However, if I’m reading David Stockman’s reports correctly, what the perma-bulls are really counting on is “reflation”

No reflation?

David Stockman issues one of the most thought-provoking newsletters I’ve read in years.   He combines his experience in the Reagan administration as Budget Director with his more than 30 years in the investment world, much of it with some of the best-known firms on Wall Street, to present views rarely found elsewhere. Stockman has constantly