Our cartoonist Bob Rich captures the tenor on Wall Street every weekday in Hedgeye's widely-acclaimed Cartoon of the Day. Below are his five latest cartoons. We hope you enjoy his humor and wit as filtered through Hedgeye's market insights. (Click here to receive our daily cartoon for free.)
1. Turning A Blind Eye (10/14/2016)
Jason Furman, chair of the White House Council of Economic Advisers, actually said last week, "I don't think you're late cycle... I just don't believe in the concept of late cycle." We crowned that statement "the most glaringly irresponsible statement" of the day.
2. Crude "Cuts" (10/13/2016)
OPEC sits on ~80% of global crude reserves but has "virtually no control" over how much crude its members produce.
3. Economic "Growth" (10/12/2016)
U.S. economic growth continues down the slope, from 3% to 2% to 1% to...
4. Bailouts! (10/11/2016)
Central bankers are trying to bail out the sinking global economy. But the water keeps on coming in.
5. Economic Ills (10/10/2016)
We are entering the slowest part of the U.S. economic cycle and there's no cure for these economic ills.
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