John P. Hussman, Ph.D.
@hussmanjp
Philanthropist. Finance, economics, public policy, neuroscience, genomics, and a 6-string. Realistic optimist often mistaken for prophet of doom.
Oh, and while it seems like just another Thursday, there's more than an even chance we just entered a bear market. Just FYI - as usual, no forecasts are actually required.
Another market comment from @hussmanjp just dropped and it’s eye opening. 👇🏼 “To put the current valuation extreme in perspective, the chart below shows our estimate of 12-year S&P 500 total returns over-and-above Treasury yields. This is the most reliable estimate of the…
"There’s a lot of data on that chart, but the long and short of it is that expected forward returns, given valuations, should be… what’s the polite term? Oh, yes… 'Shit.'" @profplum99
This landmark study in The Lancet should be etched on @elonmusk's gravestone: Dismantling USAID is projected to cause 14 million deaths between 2025 and 2030 — that’s more than 2.4 million lives lost every year. That’s as many lives lost as in World War I.
it's crazy how medicaid, food stamps, and poor people spike the federal debt every time we bail out failing banks, hand massive subsidies and tax cuts to corporations, or see a speculative bubble collapse - just crazy
New comment is up on the Hussman site! 🐳 Worth the wait I hope 🙂
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May nonfarm payroll figure 44k higher than the figure reported in April. +139k - 95k in downward revisions for the prior 2 mos. May Index of aggregate hours worked 124.4, down -0.3 from the 124.7 figure reported in April. +0.1 - 0.4 in downward revisions for prior 2 mos.🫤
"Hey! I'm not getting enough political favors for the election I bought and paid for! What's wrong with this country? So unfair!" #OverturnCitizensUnited
Whatever. Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill. In the entire history of civilization, there has never been legislation that both big and beautiful.…
This might be called "proxy confusion" - misreading the behavior of x rather than understanding it reflects y "We've got a huge spike in 911 calls - the phones must be on the fritz."
HAWLEY: Let's see the Trump chart. You don't think it's a little bit anomalous that Trump has so many more nationwide injunctions against him? KATE SHAW: A very plausible explanation you have to consider is that he's engaged in much more lawless activity than other presidents
The Hussman Institute for Human Genomics proudly represented at the 4th Annual FunGen-AD Program Meeting at the Gladstone Institutes advancing collaboration in Alzheimer’s research and functional genomics. 💚🎉🧡
Nearly every arbitrary, targeting, vindictive, irrational, capricious, retaliatory action of this executive branch is a violation of equal protection, due process, the take care clause, the nondelegation doctrine, and the prohibition of bills of attainder and ultra vires actions.
Boyle: We just verified with the congressional budget office and of 13.7 million Americans who will lose their health care because of their bill, exactly zero are undocumented immigrants