Thursday, January 26, 2017
Some news from Calculated Risk that you don't need to read anymore
Been working my butt off this semester, because I have an overload and one of the classes is 4th year macro. So I haven't been posting that much.
But on top of that, I have to repair my RSS because the reader I use seems not to load articles from more than 4 feeds anymore. And I'm only going to be able to repair my RSS when I'm done the homework, which is constantly piling up.
But here's some news:
Calculated Risk - chemical activity barometer starts new year with strong gain. But it's not as if anyone in the world still needs to be convinced of the US economy's strength anymore, now that Obama's out of office.
Calculated Risk - mortgage applications increase. But it's not like anyone needs data to prove the economy's great anymore, now that Trump is going to eliminate taxes and regulation.
Calculated Risk - January vehicle sales around 17M. But nobody needs to know this, they're all of a sudden happy to bid the S&P up to a 25 trailing P/E because there's no longer a Kenyan muslim socialist atheist usurper in power.
I just find it hilarious how quickly the narrative changes. Just goes to show you that a lot of people invest based on Breitbart and Zerohedge.
By the way... have Zerohedge stopped running their dooooom articles now that their Russian paymasters' puppet is president? I mean, it must suck to be Daniel Ivandjiiski - he's going to lose a lot of American clicks if all he can do is write propaganda pieces on Angela Merkel and EU disintegration.