Recent Posts

What’s the right way to deal with life in the ‘Crazytown’?

This is indeed ‘Crazytown,’ as a quote from Bob Woodward’s new book describes it, and we are watching a ‘nervous breakdown.’ The problem is that it afflicts the country as a whole, and not just our narcissistic chief executive. President Trump has drawn America with him into ‘the devil’s workshop,’ as Woodward quotes former White House chief of staff Reince ...

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Bond traders should believe in wage growth

Talk about an unexpected US jobs day for bond traders. Some strategists were priming their audience for disappointment, noting that August jobs data has missed forecasts almost every year over the past two decades. That didn’t happen this time around: Nonfarm payrolls rose 201,000 last month, beating the 190,000 median estimate of analysts surveyed by Bloomberg and crushing the even ...

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Is Tesla going up in smoke?

Elon Musk brought Tesla Inc. into this world, and he seems determined to take it out. The billionaire’s latest self-destructive act was an appearance last night on the podcast of comedian Joe Rogan, where, among other things, Musk confirmed Bob Dylan’s thesis that “everybody must get stoned.” It’s the latest in a long chain of Musk stunts, which Liam Denning ...

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