ZeroHedge

It turns out that Powell’s “emergency” 50bps rate cut was – drumroll – another major policy mistake by the Fed.

“Have you taken a good look at some of these big, fat motherfuckers walking around? Big, fat motherfuckers. Oh, my God. Huge piles of redundant protoplasm lumbering through the malls like a fleet of interstate buses. The …

The ascendant so-called European “far-right” has claimed another scalp — this time in, of all places, Austria, not typically regarded as a hotbed of political extremism.

In order to govern, the question is not to follow out a more or less valid theory but to build with whatever materials are at hand. The inevitable must be accepted and turned to advantage – Napoleon Bonaparte

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By dropping rates dramatically only a month and a half before an election, the Fed is playing with fire. The election, by all visuals, would seem to pit the establishment against an insurgent populist movement. Regardless of the countercyclical …

Talking heads and politicians laud the “resilience” of American consumers. They managed to keep spending despite rapidly rising prices thanks to post-pandemic price inflation.

Hedge fund billionaire John Paulson said he would pull his money out of the stock market and go into cash and gold if Kamala Harris wins the election…

“Powell said that the US economy is in a good place and our decision is to keep it there. Really? A 50 bps cut as a message that the economy is strong? So if they cut by 75 bps the economy is booming?”

No-nonsense top cable news kingpin Rachel Maddow with the square jaw welcomed fellow (alleged) pussyhound Hillary Clinton onto her MSNBC program for one of its regular metaphorical Constitution-burning rituals the network …