Chugga-Chugga, Chugga-Chugga, Chugga-Chugga, Trump Traaaaaaaain!

Well fuck all, look at that. Four-point-eight million jobs created in May. Why it's almost as if money velocity and pent up demand are real economic concepts. This blog wonders if the US economy can keep knocking two points off the unemployment rate per month. The experts say no and a slow down is coming. Ef them. What have they gotten right in the last 20 years?

Hey, who remembers when the pros thought giving adjustable rate interest-only loans to people with no credit was a good idea? By the Lords of Kobol, in 2005 Mrs. Stroock and ourselves went to a bank, a bank mind you, to talk about a mortgage. They wanted to give us a million bucks. That's quid for all you limeys out there.

[Thanks-ed]

Here's another great goddamn idea; lets foreclose on those same people. No, no we definitely wouldn't want to let them refinance for say, a thousand down, switch those 15 year ARMs to 30 year fixed rate mortgages and get a steady revenue stream going. Why no, no we hadn't thought of that. So screw the experts.

You wanna know what's gonna happen the rest of the year? Ask an expert. Then assume the opposite.