The Mess That Greenspan Made - Part 20

Unprecedented Unpopularity

After last night’s results from the New York primary, the fall contest to see who moves into the White House next January is all but certain to include candidates who aren’t very popular, at least according to this poll from the Wall Street Journal.

The good news here is that, for those who have already given up on the U.S. political process (see the Serenity Prayer), it should be quite entertaining to watch.

Wednesday Morning Links

MUST READS
Trump Sweeps New York – Real Clear Politics
Clinton rolls over Sanders in New York – LA Times
5 takeaways from the New York primary – Politico
This is a terrifying chart for Republicans – Vox
Trump Has Reason to Cry Foul Over a ‘Rigged Election’ – Fiscal Times
This election is an unpopularity contest for the ages – Washington Post
BoC’s Poloz Says Global Monetary Stimulus Is Reaching its Limit – Bloomberg
Big U.S. banks grapple with costs as they face an ominous 2016 – Reuters
Female Student says ‘I Wasn’t Raped’, boyfriend expelled anyway – reason.com
Utah declares porn a ‘public health hazard’ – The Week
Living Longer, With More Disability – The Atlantic
4/20: National Weed Day, explained – Vox
The Farewell to Jackson – NY Sun

MARKETS/INVESTING
Stocks: 6 things to know before the open – CNN/Money
Oil falls on end to Kuwaiti strike, supply outlook – Reuters
China’s Stocks Tumble Most in Seven Weeks to Break Trading Calm – Bloomberg
This Market Cycle Diagram Explains the Best Time to Buy Stocks – Visual Capitalist
Oil Market Hype And Crisis Signal Greater Troubles Ahead – Alt-Market
Who’s Buying the US Stocks that Foreign Investors Are Dumping? – Wolf Street
Gold retreats as dollar firms; silver hits 11-month high – Reuters
Silver hits 11-month high. It’s up more than gold in 2016 – CNN/Money
China yuan gold fix aimed at gaining more influence in pricing – Mining.com
Gold mines are exploding again – This is why … – Secular Investor

ECONOMY/WORLD/HOUSING/BANKING
Intel to cut 12,000 jobs globally – CNN/Money
Bad News for Those Using the Jobless Rate As a Shield – Alhambra Partners
Brazil’s President-in-Waiting, a Political Insider, Is Preparing – Bloomberg
Germany trims 2017 growth forecast to 1.5 percent – Washington Post
We won’t be euphoric if India is the fastest-growing large economy – Reuters
Record Temperatures have Killed Over 100 People in India – Vice News
A 10 Point Checklist for Buying a House – Motley Fool
PBOC Signals Less Appetite for Stimulus as Outlook Improves – Bloomberg
The Case Against Helicopter Money – Project Syndicate

 

High Prices and Whole Foods

We only shop at the grocery store for items we either can’t buy at Costco or can’t use fast enough (e.g., a 10 pound bag of onions), so, reports like this one from Marketwatch about high prices at Whole Foods falls into the category of fantastical.

We’ve been to Whole Foods stores a number of times over the years when we travel (from here, the closest one is 300+ miles away) and we just kind of marvel at the numbers we see on the shelves as shoppers go blithely on their way, toting their basket up to the register and then paying whatever the clerk says. I guess you’re paying for “the experience”…

Tuesday Morning Links

MUST READS
The Saudis are going in for the kill – Telegraph
Saudi Arabia turns oil weapon on Iran – Reuters
The bad smell hovering over the global economy – Guardian
Fed’s Kashkari says U.S. economy in ‘uncharted waters’ – MarketWatch
Early Warning Signs of Recession Flash Faintly in U.S. Jobs Data – Bloomberg
Institutionalized Lying—— Why Central Bankers Never See Bubbles – Contra Corner
Dozens Killed in Kabul in First Taliban Attack of Spring Offensive – Vice News
New Yorkers turn up for a lot of stuff — but not at the ballot box – Vox
Will New York Go for the Front-Runners? – Atlantic
How the Donald could defeat Hillary – Washington Times
For Trump and Clinton, winning isn’t enough – Politico
HBO’s High-Tech Lynching – Townhall

MARKETS/INVESTING
Stocks: 4 things to know before the open – CNN/Money
2016 Fund Flow Trends In Two Charts – Barron’s
Hedge funds post best gains in 4 years in March – CNBC
German Investor Optimism Rises as China Risk Abates – Bloomberg
Why this market rally looks like a classic investor trap – MarketWatch
It’s All Suddenly Going Wrong in China’s $3 Trillion Bond Market – Bloomberg
US 2015 Oil Production and Future Oil Prices – Our Finite World
Gold gains on dollar weakness, silver hits 10-month high – Reuters
Why One Analyst Believes Gold Could Hit $3,000 an Ounce – US Funds
Hedge funds have never been this bullish on silver – Mining.com
Opinion: Gold is 33% overpriced, by this measure – MarketWatch

ECONOMY/WORLD/HOUSING/BANKING
Worst March, worst first quarter since 2010 – Wolf Street
Most Americans think economy is ‘getting worse’ – CNBC
Sadly, Canada now seems to be the best hope for the global economy – Quartz
Economists blast ‘one-sided’ Treasury warning on Brexit – Telegraph
Argentina returns to bond market after 15-year isolation – BBC
What Makes Housing Too Expensive – Bloomberg
Too Big to Fail From the Eyes of a Specialist – NEP
What Did Fed Chairman Yellen Tell Obama? – Ron Paul Institute
Fed’s Rosengren takes another shot at pessimistic markets – Reuters

 

They probably got at a little chuckle in the Russia Today newsroom when preparing this piece about how officials at UC Davis (one of the most liberal institutions of higher learning in the land) spent upwards of $175,000 to lessen the internet presence of their infamous “pepper spray” incident that resulted from the Occupy UC Davis demonstration in 2011.

I imagine they already have special instructions in place about the possible use of pepper spray here in 2016 now that the University of California Student Association and some lawmakers are calling for the resignation or firing of UC Davis Chancellor Linda P.B. Katehi who, as of this morning, has rebuffed their demands.

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