The nonsense factory is in overdrive this week
First up, the guy whose claim to fame is firing Steve Jobs at Apple has political views:
“I think Donald Trump is a much smarter person than media is giving him credit for,” Sculley said. “He makes outrageous statements that aren’t backed up by facts, but the people who are enamored with him don’t care about facts.”
Trump voters ‘don’t care about facts,’ says former Apple CEO John Sculley (CNNMoney)
Also, this should be helpful:
“Marc Faber, the 69-year-old investor who once said he doesn’t think he’ll see another bull market in his lifetime, told CNBC Wednesday that he believes a market rally could be forthcoming…Meaning the short-term market rally that he refers to would be a correction of oversold markets…the rally is part of the economic cycle, and will eventually crest into a recession in the long term.
Not sure what I do with this information. Maybe you know better. Just to be sure, I’m going to buy and sell everything all at once.
The Author of Wall Street’s Most Famous Gloom and Doom Newsletter Just Said Buy (Fortune)
Lastly, mark your calendars, even though no one can be 100% sure of anything ever in economics and this call is literally made every year:
Jim Rogers: There’s a 100% Probability of a U.S. Recession Within a Year (Bloomberg)
Have fun out there.
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