Morgan Stanley's Adam Parker has undergone an epistemological catharsis of sorts in the past year: having called 2013-2015 largely accurately, 2016 threw him for a loop, when he entered the year bullish, only to turn bearish, and then to flip again (along with most other sellsiders) shortly after the Trump victory.
Submitted by Simon Black via SovereignMan.com,
Last week during a long overdue vacation, a close friend of mine recommended reading the autobiography of Rich DeVos called Simply Rich.
DeVos is a billionaire entrepreneur who started countless ventures during his nine decades on this earth.
Back in the 1946, for example, DeVos started an airline… virtually overnight.
He just bought an airplane and started flying people around. No rules. No regulations.
In the West Junk Information And Junk Judgment Prevail
Paul Craig Roberts
Update: sure enough, here comes Trump's twitter victory lap:
"@DanScavino: Ford to scrap Mexico plant, invest in Michigan due to Trump policies"https://t.co/137nUo03Gl
— Donald J. Trump (@realDonaldTrump) January 3, 2017
* * *
In a terse and non-deferential response to president-elect Trump's tweet, GM has responded with a statement which can be summarized in two words: "you're wrong."
Following Trump's tweet...
General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A.or pay big border tax!
— Donald J. Trump (@realDonaldTrump) January 3, 2017