Posts Tagged ‘infrastructure’

Notes From Underground: Much to Be Thankful For. Now Back to Work

November 25, 2018

Tonight, we at Notes From Underground will clean up some unfinished business. We will discuss a couple of important speeches and articles from the past two weeks.

Then I will answer the questions Mike Temple made on the previous blog post. In responding to some of Mike’s points I come back to the idea of INFRASTRUCTURE, which I addressed in a few other blog posts. The reason I foresee aggressive fiscal stimulus put forth by the G-20 is precisely because of some of the fears that Mike raises about the damage coming to the investment grade corporate bond market while the FED’s shrinks its balance sheet and raise interest rates. It may be having a greater impact than the FOMC wants to acknowledge.

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Notes From Underground: Irony of Irony

November 15, 2018

President Donald Trump maintains that the Facebook, Google, Twitter bias is the “real collusion” … oh wait, he tweeted that. Seriously, nobody spots the irony?!? Every day, this madness infects the algorithmic condition of the markets. I prefer real intelligence instead of artificial intelligence for genuine intellect understands nuance and irony. (Again, this is not a political statement as we analyze all aspects of politics in an effort to secure profits in global financial, commodity, currency and equity markets.) As Deng Xiaoping would say: “It doesn’t matter whether the cat is black or white, as long as it catches mice.”

It has been more than a week since the last blog post. As Trump’s inner Nixon spills outs, we will continue to monitor the idea of a MASSIVE GLOBAL INFRASTRUCTURE effort, especially since there’s a G-20 meeting in Buenos Aires the weekend of November 30.

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Notes From Underground: Quackser Fortune + Horse Manure

December 26, 2017

In the famous Gene Wilder movie, “Quackser Fortune and His Cousin In the Bronx,” Wilder plays a character who picks up horse manure in the street and sells it for its rich nutrients. As horses are outlawed in the Dublin streets Quackser finds himself an unemployed manure sweeper, a negative outcome from Schumpeterian creative destruction. However, it seems Quackser resurrected his business and is now packaging horse excrement as an item of political discourse. Treasury Secretary Steven Mnuchin was the recipient of the newest symbol of public disdain for the recent tax “reform.”

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Notes From Underground: We Are All Part of the Same Hypocrisy, Senator

November 29, 2016

The world is all abuzz with the good feelings radiating from the aftermath of the Trump victory. However, no matter how long the U.S. equity market rallies, be certain that Trump is not draining the swamp of Washington, D.C. He is proving to be a caretaker. Today’s pick of Elaine Chao for Transportation Secretary is just more of the same. Ms. Chao is certainly qualified. After all, she has an MBA from Harvard, but being a past member of the Bush Cabinet means we are using old, worn-out tires. The Transportation Secretary will be overseer of many of the INFRASTRUCTURE PROJECTS the Donald has promised to deliver. The pork barrel these projects will be dipped in will be beyond lucrative and the wife of Mitch McConnell ought not to have been given this role.

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