Wednesday, November 22, 2017
Gotta remember to watch Mr. Robot tonight, I missed it last week:
New Deal Demoncrat - still no DOOOOOM in the yield curve. No, it hasn't inverted. And as the charts show, the yield curve being flattish can go on for five years... of fantastic expansion like the late 1990s.
Calculated Risk - chemical activity barometer really positive. It's got a lead of about a year on industrial production. Though, actually, the US economic cycle is mostly governed by real estate, not industry.
Reuters - in Trump strongholds, some Dems want to go for broke. Frankly, I wouldn't be surprised if Beto O'Rourke's campaign to legalize marijuana and bring in universal health care wins him a Texas Senate seat. #1, Texas is demographically swinging left, we've known this for a decade. #2, maybe the reason Dems haven't been able to win in hardcore-Republican states is because they try too much to sound to sound like slightly-less-hateful Republicans?
I mean, if I were living in Nazi Germany I wouldn't vote for Mr. Slightly Less Hitler. I'd want to vote for Mr. About As Unlike Hitler As You Can Get.