Tag

Trump

Which Is Worse? America or France?

POITOU, FRANCE – “Which is worse? America or France?” The question must be put in context. We were invited to dinner with local farmers last night. Jean-Yves and Arlette live in a modest house in the nearby town – an…

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America’s elites are on top of the world

POITOU, FRANCE – Poor David Brooks… This morning, while waiting for one dose of claptrap, we were whacked by another. Fed chief Janet Yellen was scheduled to speak before the House Financial Services Committee on Capitol Hill at 10 a.m….

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How America’s Wealth Is Drained

POITOU, FRANCE – What does our Doom Index  tell us now? Here’s a quick update from Joe Withrow in the Bonner & Partners research department: We are still waiting for second-quarter data to come in before we can update the index…

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No “Trump Bump” for the Economy

POITOU, FRANCE – “Nothing really changes.” Sitting next to us at breakfast, a companion was reading an article written by the No. 2 man in France, Édouard Philippe, in Le Monde. The headline promised to tell us how the country was…

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Putin is right about our democracy

Oliver Stone: Donald Trump won. This is your fourth president, am I right? Mr. Clinton, Mr. Bush, Mr. Obama, and now your fourth one. Vladimir Putin: Yes, that’s true. Stone: What changes? Putin: Well, almost nothing… everywhere, especially in the United States, the bureaucracy…

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Borrowing before the bond bust?

You shouldn’t ignore genuine opportunities to make money. Did you see that Microsoft sold $17 billion worth of bonds on Monday? The US tech giant is one of just two US corporates with an AAA credit rating (the other is…

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The Swamp Claims Its First Victim

Washington [is] a lot more broken than President Trump thought that it was. — White House Budget Director Mick Mulvaney SÃO PAULO, BRAZIL – On Friday, the much-hyped Trump/GOP Obamacare reform sank into the swamp. If anything keeps us from…

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Deep State Über Alles

Money makes the world go around It makes the world go ’round. – “Money,” Cabaret RANCHO SANTANA, NICARAGUA – We started out last week with the best of intentions. We were going to take a rest and spend time recalling what…

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