Walmart lowered expectations. Again.
The US is launching Iraq War 3.0: Mission Accomplished Accomplished.
The Fed’s balance sheet is a sea of monetized debt.
And the stock markets are rocketing to record highs because of all this news.
What the hell is wrong with people?
More good news for stocks and bad news for the rest of us since I printed this at 6:30 a.m.:
Jobless claims jumped by 21,000—the most in 3 months.
Import prices dropped 0.2 percent as European deflation comes to America.
Perhaps the stock traders are sobering up, though, as US futures have gone from skyrocketing to flat.