That is absolutely correct.
Here is your weekend reading list.
Trump, Economy & Fed
- Fed Ignores Most Relevant Evidence by Caroline Baum via MarketWatch
- Another Reason To Fear Unions by Simon Constable via PJ Media
- Given Time Tax Cuts Will Work by Stephen Moore via The Washington Times
- Tax Cuts Won’t Work As Well As Trump Hopes by Don Lee via LA Times
- Kevin Hassett Is Betting Tax Deliver Growth by George Will via National Review
- Here’s What’s Important About The Budget by Robert Samuelson via RCM
- The Risk Of Income Tax Reform “In Name Only” by Brian Domitrovic via Forbes
- Republicans Are NOT Cutting Taxes by John Tamny via RCM
- Dem’s Fight To Keep SALT Deduction by Editorial via IBD
- Trump Should Keep Yellen As Fed Chair by Editorial via USA Today
- The GOP Has No Budget Plan by James Capretta via Real Clear Policy
- The New Populism Isn’t About Economics by Tyler Cowen via Bloomberg
- Hassett’s Flawed Analysis Of Tax Plan by Larry Summers via CNBC
- Don’t Be Fooled By Corporate Tax/Wage Correlation by Paul Krugman via NYT
Markets
- One Of The MOST Overbought Markets In History by Charlie Bilello via Pension Partners
- Some Reasons To Worry As Stocks Rise by Jeff Reeves via MarketWatch
- What Would You Do With $1 Billion by SA Gil Weinreich via Seeking Alpha
- S&P 500 Matches Uncanny Record For Doing Nothing by Mark DeCambre via MarketWatch
- Longest Streak Ever W/O A 3% Correction by Ryan Detrick via LPL Financial
- The $1000 Bagel And Market Tops by Shawn Langlois via MarketWatch
- First Cracks In The Market Appear by Michael Kahn via Barron’s
- Intermediate-Term Irrational by David Merkel via The Aleph Blog
- Japan Is Booming, But Not Really by Jeffrey Snider via Alhambra Partners
- Low Rates: Yes, You Still Need Bonds by James Picerno via Capital Spectator
- BofA: Market Implies No Way A Shock Can Happen by Tyler Durden via ZeroHedge
- Buy & Hold Fantasy Reaches Fever Pitch by Richard Rosso via RIA
- Volatility, The World’s Only Undervalued Asset Class by Doug Kass via RIA
Research / Interesting Reads
- Is Fed Getting Gold Feet About QE Unwind by Wolf Richter via Wolf Street
- The Bull, The Bear & The Tortoise by Simon Maierhofer via MarketWatch
- Passive Should Never Laugh At Active by Kevin Muir via The Macro Tourist
- The Market IS NOT The Economy by Buttonwood via The Economist
- Shielding Seniors From Financial Fraud by Alex Veiga via USA Today
- Capping 401k Contributions Worsens Savings Crisis by Robert Powell via The Street
- Americans Still Terrible At Investing by Lance Roberts via MarketWatch
- Understanding The Fed’s Shrinking Balance Sheet by Kathy Jones via Schwab
- An Old-School Manager Builds Wealth Quietly by Landon Thomas via NY Times
- Even Borderline Data Will Be Recessionary by William Hester via Hussman Funds
- Bears Head For Early Hibernation by Dana Lyons via The Lyons Share
- What Were You Thinking by Jesse Felder via The Felder Report
“There have been three great inventions since the beginning of time: fire, the wheel, and Central Banking.“ – Will Rogers
Questions, comments, suggestions – please email me.