Monday, July 30, 2018


Sorry, had an emergency operation to have half my liver removed. But I've still got all my spleen, as you can see below:

Global - US firms queue up for tariff waivers. No, steel tariffs aren't as simple as you think.

New Deal Demoncrat - Q2 GDP is as good as it's going to get. I dunno, I mean what's supposed to stop this juggernaut?

Calculated Risk - no, the housing market hasn't peaked. If that's still doing fine, then the US will continue to expand.

WSJ - why Treasury hasn't labelled EU, China as currency manipulators. Germany, by the way, is engaged in constant currency manipulation: it's part of the ECU and trading with a currency that is weaker than a Deutschemark would be. And that's why Germany's current account surplus is eight fucking percent, and has been that high forever, which parenthetically was precisely the cause of the Spanish and Irish crises earlier this decade, but will never change because Germany owns the fucking EU.

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