Elon Musk, Joe Rogan and Ben Shapiro, to name just a few, are leaving California to escape incompetent governance. The “response” from Sacramento? Wealth and massive income tax increases on job creators (AKA “the wealthy”). Should I align with 3 smart guys, or Sacramento? Hmmm.
Jeffrey Gundlach
1,126 posts
Bills fan. Art fan. Truth fan. DoubleLine Founder.
- Dear Mr. President, Please admit excessive stimulus and lockdowns were significant drivers of inflation and pledge you will not support either of these policies again. Sincerely, Jeffrey Gundlach
- California is headed to a massive electricity shortage, has no plans to increase electric power generation, might be facing hydroelectric power shutdowns due to record low dam water levels, and Newsome wants all car sales to be electric in 14 years.
- I don’t think government bailouts of over leveraged companies that got over leveraged via share buybacks at all-time highs, enriching executives and hedge fund investors, will sit well with the American people.
- Why bother with any taxes at all if Chair Powell is correct that there is no limit to expanding the Fed’s balance sheet? Implicit in his declaration is that the whole tax collection system is a royal waste of resources.
- Airline industry is asking for $50 Billion bailout. Over the last 10 years there were $45.5 Billion in airline share buybacks. The airline industry is in essence asking the government to buy the bought back shares at a 10% profit!!!!
- I doubt I am the only person frustrated by National-Debt-financed bailouts of companies that leveraged up large to buy back stock to levitate share prices to enrich shareholders and company executives.
- Excessive stimulus caused inflation. An intelligent twelve year old was able to predict it. Ms. Yellen, long serving Fed Chair…..yes, Fed Chair,…admitted today she was not. On the inflation bright side, and it is a very bright side, Build Back Biden did not pass.
- If the President’s news conference tomorrow is mostly about vaccines, masks, voting rights and identity politics he is done.
- The Federal Reserve is presently acting in blatant non-compliance with the Federal Reserve Act of 1913. An institution violating the rules of its own charter is de facto admitting that said institution has failed and is fundamentally broken.
- 23% of U.S. children live in single-parent homes, more than in any other country.
- Joe Biden asserted today that he “inherited inflation”. Here are the facts: December 2020 CPI, Core CPI, PCE, Core PCE: 1.4%, 1.6%, 1.3%, 1.5% CPI, Core CPI, PCE, Core PCE now: 6.5%, 5.7%, 5.0%, 4.4% I’d say “C’mon, Man!”, but his lie is too big for that.
- The highest yield on the US Treasury curve is the six month T-Bill, at 4.8%. There is no way the Fed is going to 5%. The Fed is not in control. The Bond Market is in control.
- I have to laugh when financial media talking heads aver that China has “leverage” over the U.S. because China owns about $1 Trillion U.S. Treasuries and might sell in “retaliation”. Heck, the U.S. Treasury “sold” about that amount in April alone!

