Author Archives: Steve Kamman

GOP To the Merely Affluent – “Go F**k Yourselves.”

The House Republican Tax Plan’s most perplexing (and schadenfreude inducing) element is how badly it would screw a core Republican voter group.  The merely affluent.  That suburban/urban “I really just don’t want to pay taxes.” voter. The calculus is clear.  … Continue reading

Share
Posted in Uncategorized | Leave a comment

Declining Corporate Profits a Worry!?! Great News (Rising Wages). OK – Good For America if not Plutocrats…

A quick note between feedings (baby Curtis Bear is 3 weeks old and doing great and, actually, giving us little cause to complain). The markets continue to climb the proverbial “wall of worry (markets’ periodic tendency to surmount a host … Continue reading

Share
Posted in Uncategorized | Leave a comment

You Broke It, You Own It. Selling Out for 30 Pieces of Silver? Venal. For 30 Wooden Nickels? Just Dumb.

Disaffected Rust Belt voters aren’t the only people that gave us Trump.  He also owes his office to people that should (and did) know better.  “Socially liberal, economically conservative” suburban affluent Republicans.  Educated, otherwise thoughtful people who ignored his stench, held … Continue reading

Share
Posted in Uncategorized | Leave a comment

Bannon Wasn’t Pushed. He Jumped. Rats and Sinking Ships…

The papers are all saying Steve Bannon was fired from the Trump White House.  But he was clearly the author of his own fate.  To borrow a phrase, he “self-deported.”  Yes he was pushed.  But Bannon rolled out the gangplank, … Continue reading

Share
Posted in Uncategorized | Leave a comment

What if Tillerson Goes Out With a Bang?

Sec State Rex Tillelrson seems likely to leave soon.  He’s a sensible guy.  Used to being taken seriously.  And presumably cares about his reputation.  What if he leaves with a bang? “I can no longer serve in good conscience under … Continue reading

Share
Posted in Uncategorized | Leave a comment

Robot Markets Giving Me The Heebie Jeebies. No (Human Readable) Information in the Price… Mostly Brownian Motion

Everyone is searching for the “ghost in the machine” and just won’t admit that the “machine” is what drives price action. A friend sent me that comment recently.  It crystallized what’s been giving me the heebie-jeebies about today’s markets.  Its … Continue reading

Share
Posted in Uncategorized | Leave a comment

Why Plutocrats Hate Obamacare – It’s Not Just the Taxes…..

Its worth considering why Republican donors powers-that-be have such a deep, implacable opposition to Obamacare.  Sure it meant higher wealth taxes and the risk the government might actual do something right with a broken (ahem “free”) market.  But those alone don’t account … Continue reading

Share
Posted in Uncategorized | Leave a comment

Midterms Will Be Hijacked By A Shadow Power. And it ain’t Putin.

I ran into this bit from the Washington Post’s Daily 202 piece on the Koch Brothers recent confab. Emily Seidel, who directs political strategy for Freedom Partners… about how tough the midterms might be for Republicans.  Seidel stressed the need … Continue reading

Share
Posted in Uncategorized | Leave a comment

Blockchains! Wow! Totally Missing the Point of a Currency! But No-One Cares! Blockchains!! Wow!!

Finally crystallized what bothers me about all the Blockchains/Bitcoin/Ethereum hoo-hah.  Its not the really the pump-and-dump dynamic (everyone will all of course dump right before the last second so that precisely no-one will be left holding the bag).  But under … Continue reading

Share
Posted in Uncategorized | Leave a comment

What if Trump Vetoes a Health Care Bill?

He might prefer to keep railing against Obamacare instead of owning Trumpcare… Mostly just a thought exercise here.  I’m hoping a bill never gets to his desk. But if it does, it will likely be deeply unpopular.  It will definitely … Continue reading

Share
Posted in Uncategorized | Leave a comment