Geopolitics
In this week’s Off The Cuff podcast, Chris and Mish Shedlock discuss:
- Next Up: A Currency War With China?
- Recession Warning
- A War With Iran, Too?
- More Cracks In Europe
The self-delusional “Everything is awesome and getting better!” narrative that has pushed markets ever higher for the past years is suddenly unravelling. The current China tariffs will undo any remaining salubrious impact of the Trump tax cuts, a global recession appears underway, and — seriously — are we about to go to war with Iran??
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
Off The Cuff: The Party’s Over
PREVIEW by Chris MartensonIn this week’s Off The Cuff podcast, Chris and Mish Shedlock discuss:
- Next Up: A Currency War With China?
- Recession Warning
- A War With Iran, Too?
- More Cracks In Europe
The self-delusional “Everything is awesome and getting better!” narrative that has pushed markets ever higher for the past years is suddenly unravelling. The current China tariffs will undo any remaining salubrious impact of the Trump tax cuts, a global recession appears underway, and — seriously — are we about to go to war with Iran??
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
Love it or hate it, the potency of the Trump Administration is on the wane, soon to be stuck in the mire of the Swamp it has deepend instead of drained, while the economy falls into one hell of a recession — so claims former Regan-era Cabinet member and Congressman David Stockman.
In his new book Peak Trump, Stockman notes how the wide divergence between Trump the campaigner and Trump the president appears to be proving to be his undoing.
Rather than fight to dismantle the institutions he railed against as a candidate — most notably the Deep State and the Federal Reserve — Trump has embraced them.
Now, when this latest asset bubble bursts (and Stockman believes the markets saw their peak back in Fall 2018), Trump will 'own' that. Having chosen to tie his administration's success to the rising price of the S&P 500 since taking office, he won't be able to foist the blame of a market crash on his predecessors.
Similarly, the Deep State — especially the military industrial complex — is experiencing a bonanza under the Trump administration. As a result, the Swamp is deeper than it has ever been.
David Stockman: The Undrainable Swamp & The Inevitable Recession
by Chris MartensonLove it or hate it, the potency of the Trump Administration is on the wane, soon to be stuck in the mire of the Swamp it has deepend instead of drained, while the economy falls into one hell of a recession — so claims former Regan-era Cabinet member and Congressman David Stockman.
In his new book Peak Trump, Stockman notes how the wide divergence between Trump the campaigner and Trump the president appears to be proving to be his undoing.
Rather than fight to dismantle the institutions he railed against as a candidate — most notably the Deep State and the Federal Reserve — Trump has embraced them.
Now, when this latest asset bubble bursts (and Stockman believes the markets saw their peak back in Fall 2018), Trump will 'own' that. Having chosen to tie his administration's success to the rising price of the S&P 500 since taking office, he won't be able to foist the blame of a market crash on his predecessors.
Similarly, the Deep State — especially the military industrial complex — is experiencing a bonanza under the Trump administration. As a result, the Swamp is deeper than it has ever been.
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