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washparkhorn

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  1. Too many Americans fail to understand they are “what’s for dinner.” As LBJ said: “If you can convince the lowest white man that he is better than the best colored man, he will not notice you picked his pocket. Hell, give him someone to look down on, and he will empty his pockets for you.”
  2. The TACO (Trump Always Chickens Out) trade is undefeated.
  3. Accelerator ignited.
  4. The Fed appears to be curtailing QT. No QE yet, but the Fed is easing on tightening to maintain liquidity.
  5. He’s folding after going all-in and getting called. Folding. Once an all-in is called, he must show his cards. He has a whole lot of nothing. The Emporer has no clothes.
  6. “Totalitarianism in power invariably replaces all first-rate talents, regardless of their sympathies, with those crackpots and fools whose lack of intelligence and creativity is still the best guarantee of their loyalty.” — The Origins of Totalitarianism, “The Temporary Alliance Between the Mob and the Elite,” Hannah Arendt, 1951.
  7. For all the fuckupedness Texas politicians demonstrate, I have an equal disdain for New York and South Carolina idoit politicos. The three states have produced some of the most craven windbags in the history of this nation. A pox on all of them.
  8. Appears to be working. DXY down 4% since Trump 2.0. He is making the US economy ideal for recession and stagflation. The narrowing yield gap between the US and other economies is creating additional pressure on the strength of the USD. JD’s accelerationist sponsors are overjoyed with their investment.
  9. Oopsie pt. 2. GDP takes another negative turn while data signal price increases. Stagflation Warning at Defcon 2.
  10. Oopsy. . . GDP jumped off the ledge for the first quarter. (source: Atlanta Fed GDPNow)
  11. What is it called when an economy has high inflation and massive unemployment? Stagflation, if we are lucky enough to avoid a Depression. Jesus take the wheel.
  12. CPI. Inflation up. Animal spirits pricing in tariffs raising prices. No reason for Fed to lower Fed Rate.
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