Trump – Page 10 – Capital & Conflict

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24th August 2017 Nickolai Hubble

Why I’m doubly gobsmacked this morning

Picture of a passport page with an immigration stamp on it

The immigration figures are based on relatively small-scale passenger surveys at airports, […] I’m sorry, but WTF. The Telegraph reports Britain’s official government immigration statistics are based on relatively small-scale passenger surveys at airports. Small-scale passenger surveys at airports… Surveys…

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24th August 2017 Bill Bonner

Mr. Trump Has Been Broken

Map of Afghantistan and its surrounding neighbours

POITOU, FRANCE – Bannon is gone. And Priebus. And Spicer. And Scaramucci. And Donald J. Trump? Reckless, vain, juvenile, untutored, swinish – he was refreshingly blockheaded. And now, he may be gone, too… tamed by the “adults in the room.”…

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21st August 2017 Bill Bonner

George Washington: What an Imbecile!

Portraits of U.S. presidents on dollar bills.

POITOU, FRANCE – George Washington: What an imbecile! He owned 317 slaves. Couldn’t he see that slavery was bad? Jefferson, too. And Madison. And Monroe. Jackson. Van Buren. Tyler. Harrison. Polk. Taylor. Johnson. And Ulysses S. Grant. Didn’t they smell…

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18th August 2017 Bill Bonner

Trump Takes a Beating

Interviewing business man on press conference

POITOU, FRANCE – In professional wrestling, scriptwriters always include what they call a “Holy Sh*t!” moment. That’s when one of the stars takes a hit so brutal or so fantastic that the fans yell: “Holy sh*t!” Donald J. Trump, a…

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17th August 2017 Nickolai Hubble

What would you do?

Central banker's shoes tied on top of a pile of notes

Next week the world’s central bankers head to Jackson Hole for the annual Economic Policy Symposium. And the financial world is fretting over their words more than ever in anticipation of what might be said at the event. Mario Draghi’s…

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17th August 2017 Bill Bonner

Johnny Reb Was No Terrorist

American depression an illustration of an index falling

POITOU, FRANCE – St. Augustine blamed the fall of Rome on the failure of its pagan gods. Historian Edward Gibbon took the opposite view: He thought the empire had been weakened by Augustine’s god. Here at the Diary, we take no…

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16th August 2017 Bill Bonner

Will They Haul Off Trump’s Statue, Too?

Trump Tower in Chicago

POITOU, FRANCE – This week, we are talking about the perishable nature of gods. Yesterday, the city fathers of our hometown of Baltimore let it be known that it was time to toss out the old deities. Reports the Associated Press:…

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4th August 2017 Bill Bonner

America Is on the Verge of a Thundering Debt Crisis

POITOU, FRANCE – This is getting monotonous. Another day, another record high for the Dow… now above the 22,000-point mark for the first time in history. And based on the CAPE ratio – a valuation measure that compares stock prices…

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